Document:

EXHIBIT         10.2

Comdial Corporation Announces the Appointment of
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Nicholas A.  Branica as New Chief Executive Officer
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CHARLOTTESVILLE, Va. - October 3, 2000 - The Board of Directors of
Comdial Corporation (Nasdaq: CMDL) today announced the appointment of
Nicholas A. Branica as President and Chief Executive Officer of
Comdial Corp.  Additionally, Nick will also join the Company's Board
of Directors.

Dianne C. Walker, Chairman of Comdial's Board of Directors,
stated, "We are fortunate to have someone with Nick's expertise and
knowledge to lead the management team.  Nick joined Comdial as part of
the KVT acquisition and brought with him a strong entrepreneurial
spirit.  The decision to offer him the CEO's position seemed to be a
logical progression.  We believe Nick, with his expertise in the
industry and his vision for Comdial, is the best person to lead the
Company to the next level."

Regarding his appointment, Mr. Branica commented, "I'm pleased
to have this opportunity to take Comdial forward in this exciting era
of converged communications.  We will continue to build and enhance
our relationships with our dealers who, besides our people, are our
most valuable asset.  I intend to build upon Comdial's solid
foundation which will usher the way into the next generation of
telecommunications products and services."

Mr. Branica is well suited to this position with a background
that includes over 15 years experience in the telecommunications
market.  Mr. Branica specializes in bringing value-adding
communications solutions to the small to mid-sized business market.

About Comdial
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Comdial is a provider of integrated communications solutions.  The
Company's broad product line includes business communications,
hospitality, assisted living, real estate, and call center solutions.
For more information about Comdial and its products, please visit
their web site at www.comdial.com.

                            # # # # #

                            Page 1PURCHASE AND SALE AGREEMENT

     This Purchase and Sale Agreement (this "Agreement") dated as
of  the  4th  day  of  August 2000, is between  CASTLE  OFFSHORE,
L.L.C., a limited liability company organized and existing  under
the  laws  of  Louisiana  ("CASTLE") and BWAB  LIMITED  LIABILITY
COMPANY, a limited liability company organized and existing under
the  laws of Colorado ("BWAB") (collectively, the "Sellers")  and
DELTA PETROLEUM CORPORATION, a corporation organized and existing
under  the  laws of Colorado ("Buyer").  Sellers  and  Buyer  are
referred to herein individually as a "Party" and collectively  as
the "Parties".

     In  consideration  of the mutual promises contained  herein,
the benefits to be derived by each Party hereunder and other good
and  valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Buyer and Sellers agree as follows:

                            ARTICLE 1
                        PURCHASE AND SALE

     1.1  Purchase and Sale.  Subject to the terms and conditions
of  this  Agreement, Sellers agree to sell and convey  and  Buyer
agrees  to purchase and pay for all of Sellers' right, title  and
interest in and to the Interests. The Parties recognize  that  as
between the Sellers, Castle owns and will sell and convey seventy-
five  percent (75%) of the Interests and BWAB owns and will  sell
and convey twenty-five percent (25%) of the Interests.

     1.2   Interests.  All of the following shall be referred  to
in   this   Agreement   collectively  as  the   "Interests"   and
individually as an "Interest":

          (a)   The  oil,  gas  and mineral leases  described  on
Exhibit   "A"  attached  hereto  (collectively,  the  "Leases"),
including,  without  limitation,  working  interests,  overriding
royalty interests, royalty interests and any other interests of a
similar  nature  affecting  the  lands  covered  by  the   Leases
(collectively, the ALands@).

          (b)   The  oil  and gas wells described on Exhibit  "A"
(individually, a "Well," and collectively, the "Wells"), together
with all oil, natural gas, casinghead gas, drip gasoline, natural
gas  liquids,  condensate and other minerals produced  from  such
Wells.

          (c)    All   unitization,   communitization,   pooling,
agreements,   working   interest  units  created   by   operating
agreements, partnership agreements and orders covering the Leases
and Lands, or  any portion thereof, and the units and pooled or communitized
areas created thereby (collectively, the "Units").

          (d)   The tangible personal property, tools, machinery,
materials,   pipelines,  plants,  gathering  systems,  equipment,
platforms  and facilities, fixtures and improvements,  which  are
incident or attributable to or underlie the Leases, Lands,  Wells
or  Units with the production, transportation, treatment, sale or
disposal   of   hydrocarbons  or  water  produced  therefrom   or
attributable thereto, (collectively, the "Equipment").

            (e) The licenses, permits, contracts, agreements  and
other  instruments owned by Sellers (other than bonds  posted  by
Sellers)  which  concern and relate to any of the Leases,  Lands,
Wells,  Units and/or Equipment, INSOFAR AND ONLY INSOFAR as  same
concern  or  relate  to the Leases, Lands,  Wells,  Units  and/or
Equipment,   or   the   operation  thereof;  including,   without
limitation, oil, gas and condensate purchase and sale  contracts;
permits; rights-of-way; easements; licenses; servitudes; estates;
surface  leases;  farmin and farmout agreements; division  orders
and  transfer orders; bottomhole agreements; dry hole agreements;
area-of-mutual   interest   agreements;   salt   water   disposal
agreements;    acreage    contribution   agreements;    operating
agreements;  balancing  agreements and unit  agreements;  pooling
agreements;    pooling   orders;   communitization    agreements;
processing, gathering, compression and transportation agreements;
facilities or equipment leases relating thereto or used  or  held
for use in connection with the ownership or operation thereof  or
with the production, treatment, sale or disposal of hydrocarbons;
and  all  other contracts and agreements related to  the  Leases,
Lands, Wells and/or Equipment.

          (f)   Subject to Section 1.3 below, originals or copies
of all computer tapes and discs,  files,  records,  information or
data  relating  to  the Interests  in  the  possession  of  Sellers,
including,  without limitation,  title records (including abstracts
of  title, title opinions, certificate of title and title  curative
documents), accounting records and files, contracts, correspondence,
production  records,  electric logs, core  data,  pressure  data,
decline  curves,  graphical production curves, drilling  reports,
well  completion  reports, drill stem test  charts  and  reports,
regulatory reports, and all related materials, INSOFAR  AND  ONLY
INSOFAR as the foregoing items constitute materials that  may  be
lawfully  conveyed to Buyer (i.e., the materials are not  subject
to  a  proprietary agreement precluding their transfer to Buyer),
and,  to  the  extent  transferable, all other  contract  rights,
intangible  rights  (excluding Sellers'  trademarks  and  service
marks),   inchoate  rights,  choses  in  action,   rights   under
warranties made by prior owners, manufacturers, vendors or  other
third  parties, and rights accruing under applicable statutes  of
limitation or prescription, attributable to the Interests.

          (g)   All payments, and all rights to receive payments,
with  respect  to the ownership of the production of hydrocarbons
from or the conduct of operations on the Interests accruing after
the Effective Time.

     1.3   Reserved  Interests. Notwithstanding any provision  of
this  Agreement to the contrary, Sellers reserve and  retain  (i)
Sellers'  corporate,  financial, tax and legal  records  and  its
other  business  records; (ii) cash, bank  accounts,  letters  of
credit,  travel letter accounts and prepaid insurance; (iii)  the
management  information systems and other  intellectual  property
rights  of  Sellers  used  by  Sellers  in  the  management   and
administration of its business; (iv) all claims that Sellers  may
have  under any policy of insurance, indemnity or bond maintained
by  Sellers  other  than claims relating to  property  damage  or
casualty  loss  affecting  the Interests  occurring  between  the
Effective Time and Closing (which claims shall be included in the
Interests); (v) all accounts receivable, trade credits  or  notes
receivable accrued before the Effective Time; (vi) any  files  or
records that Sellers are contractually or otherwise obligated not
to  disclose  to  Buyer; (vii) all claims and  causes  of  action
arising  from acts, omissions or events, or damage or destruction
of  property  occurring  prior  to  the  Effective  Time;  (viii)
engineering studies or reserve reports relating to the Interests;
(ix)  all interests and rights not included in the definition  of
the Interests (the "Reserved Interests").

     1.4  Effective Time.  The purchase and sale of the Interests
shall  be  effective as of  July 1, 2000, at 7:00  a.m.,  central
standard time (herein called the "Effective Time").

      1.5  Ownership of the Interests.    Subject to Section 13.1
and the other provisions of this Agreement, should Closing occur,
Sellers  shall  be  entitled to all of the  rights  of  ownership
(including,  without  limitation, the right  to  all  production,
proceeds of production and other proceeds), and shall be  subject
to  the duties and obligations of such ownership attributable  to
the  Interests for the period of time prior to the Effective Time
and  Buyer  shall be entitled to all of the rights  of  ownership
(including,  without  limitation, the right  to  all  production,
proceeds  of production and other proceeds) and shall be  subject
to  the  duties and obligation of such ownership attributable  to
the Interests for the period of time from and after the Effective
Time.  All expenses and costs, including, without limitation, all
ad  valorem,  property, production, severance, and similar  taxes
and  assessments based upon or measured by the ownership  of  the
Interests,  the  production of hydrocarbons, or  the  receipt  of
proceeds therefrom) attributable to the Interests, shall be:  (i)
paid  by  or  allocated to Sellers if incurred or  accruing  with
respect  to operations conducted prior to the Effective Time;  or
(ii)  paid by or allocated to Buyer if incurred or accruing  with
respect  to operations conducted after the Effective  Time.   All
hydrocarbons  in  storage facilities above or upstream  from  the
pipeline  connection to each storage facility, or  downstream  of
delivery point sales meters on gas pipelines, as of the Effective
Time, shall belong to Sellers.  All of the hydrocarbons placed in
such  storage facilities or upstream of the aforesaid  meters  on
pipelines  after  the Effective Time shall belong  to  Buyer  and
shall become a part of the Interests.  In order to accomplish the
foregoing  allocation of production, the parties shall rely  upon
the  records maintained by the operator of the relevant Interest,
unless such records are demonstrated to be inaccurate.

     1.6  Risk of Loss.  Buyer shall assume all risk of loss with
respect  to  the Interests from and after the Effective  Time  to
Closing.

     1.7       Sellers'  Agent.  Castle shall  act  as  agent  on
behalf of Sellers for purposes of receiving payments of money  or
shares  of  Buyer's  Common Stock under this Agreement.   Nothing
herein shall limit the right of each Seller to make individual
elections as to alternative courses of action set forth in this
Agreement  except as  otherwise  set  forth  in  this Agreement
and  the  Exhibits thereto.

                            ARTICLE 2
                         PURCHASE PRICE

     2.1   Purchase Price.  The purchase price for the  Interests
shall  be  comprised of One Million Seven Hundred Fifty  Thousand
Dollars  ($1,750,000) paid by wire transfer or other  immediately
available  funds  (the "Money Payment") and Five Hundred  Eighty-
Three  Thousand  Three Hundred Thirty-Three (583,333)  shares  of
Buyer's  Common Stock (the "Stock Payment").  The  Money  Payment
and  the  Stock Payment shall collectively be herein  called  the
"Purchase  Price".   At  Closing, the  Purchase  Price  shall  be
adjusted as set forth in Section 2.3 below.   In connection  with
the  issuance of the shares of Buyer's Common Stock  pursuant  to
this  Section  2.1 as well as other Sections of  this  Agreement,
Buyer  and  Sellers  have  executed contemporaneously  with  this
Agreement  the  Registration Rights Agreement and the  Investment
Representation Agreements, both as defined in Section 9.6 below.

     2.2  Earnest Money Deposits.  Following Buyer's execution of
this Agreement,  to assure Buyer's performance of its obligations
under  this  Agreement, Buyer shall deposit with Castle  for  the
account  of Castle, Three and Seventy-Five One Hundredths Percent
(3.75%)  of  the Money Payment, Sixty Five Thousand  Six  Hundred
Twenty-Five  Dollars  ($65,625),  by  wire  transfer   or   other
immediately  available  funds  (the  "Money  Deposit")  plus   an
additional Three and Seventy-Five One Hundredths Percent  (3.75%)
of  the Stock Payment, Twenty One Thousand Eight Hundred Seventy-
Five   (21,875)  shares  of  Buyer's  Common  Stock  (the  AStock
Deposit@).  The Cash Deposit and the Stock Deposit  being  herein
collectively  called  the "Earnest Money Deposits".   If  Closing
occurs,  the  Earnest  Money Deposits  will  be  applied  to  the
Adjusted Purchase Price.  If Closing fails to occur, the  Earnest
Money  Deposits shall be handled in accordance with Section  12.2
hereof.

     2.3   Adjustments  to  Purchase  Price.    At  Closing,  the
Purchase  Price  shall be adjusted as follows and  the  resulting
amount  shall  be  referred to herein as the  "Adjusted  Purchase
Price":

     (a)   The  Purchase Price shall be adjusted  upward  by  the
following:

               i.   The amount of all actual operating or capital
                    expenditures or prepaid expenses attributable
                    to  the Interests incurred by or on behalf of
                    Sellers  in connection with the operation  of
                    the  Interests  and which are,  according  to
                    generally   accepted  accounting  principles,
                    attributable  to the period of  time  between
                    the  Effective Time and September  30,  2000.
                    Such expenditures and expenses shall include,
                    without  limitation, royalties,  rentals  and
                    other  charges; ad valorem, property, excise,
                    and any other taxes based upon or measured by
                    the   ownership   of   the   Interests,   the
                    production of hydrocarbons or the receipt  of
                    proceeds therefrom; and expenses payable to a
                    third person under applicable joint operating
                    agreements,  including,  without  limitation,
                    overhead  charges at normal company  overhead
                    labor  rates  and  royalty disbursement  fees
                    payable  to operator, or similar payments  to
                    third party operators, or, in the absence  of
                    any  joint  operating agreement, those  items
                    customarily billed under such an agreement.

               ii.  The  value, less taxes (other than  taxes  on
                    net  income), of all hydrocarbons in  storage
                    facilities   above  or  upstream   from   the
                    pipeline connection in each storage facility,
                    or downstream of delivery point, sales meters
                    on  gas pipelines, as of the Effective  Time,
                    at the prevailing market value at the time of
                    sale  in  the  area, adjusted for  grade  and
                    gravity.

               iii. Any other amounts agreed upon by Sellers  and
               Buyer.

          (b)   The Purchase Price shall be adjusted downward  by
the following:

               i.   The Earnest Money Deposits made to Castle;

               ii.  Reductions due to Title Failures as provided
                    in Sections 10.7.

               iii. For   uncured  Title  Defects  and  Contested
                    Defects pursuant to Section 10.8.

               iv.  Reductions  due to Environmental  Defects  as
                    provided in Section 11.3.

               v.   The gross proceeds earned by Sellers, net  of
                    applicable severance and production taxes and
                    compression  and transportation charges,  and
                    derived   from   the  sale  of   hydrocarbons
                    attributable to the Interests to  the  extent
                    owned by Buyer between the Effective Time and
                    September   30,   2000,   pursuant   to   the
                    provisions of Section 1.5 above.

               vi.  Reductions  due  to  receipt  by  Sellers  of
                    denials  to  consent  and  of  exercises   of
                    preferential  rights as provided  in  Section
                    10.11.

               vii. Any  other amounts agreed upon by Sellers and
                    Buyer.

          (c)      Sellers shall pay all capital expenditures and
expenses accruing prior to the Closing Date referenced in Section
2.3(a)(i)  above  and  shall collect  and  receive  all  proceeds
accruing  prior  to  the  Closing  Date  referenced  in   Section
2.3(b)(v) above.  Sellers shall be responsible for accounting for
all  revenues earned and expenses incurred through September  30,
2000.

          (d)        Upward  and  downward  adjustments  to   the
Purchase  Price pursuant to Section 2.3 shall be divided  equally
between the Money Payment and the Stock Payment, on the basis  of
each share of Buyer's Stock being valued at Three Dollars ($3.00)
per share, rounded off to the nearest whole share.

     2.4  Purchase Price Allocation.  The Purchase Price shall be
allocated  among  the  Interests as  set  forth  in  Exhibit  "B"
attached hereto (the "Allocated Values").

     2.5    Preliminary  Settlement  Statement.   Sellers   shall
prepare  and  deliver to Buyer at least five (5) "Business  Days"
(which term shall mean any day except a Saturday, Sunday or other
day on which commercial banks in Denver, Colorado are required or
authorized  by  law  to  be closed) prior to  the  Closing  Date,
Sellers'  estimate of the Adjusted Purchase Price to be  paid  at
Closing,   together  with  a  statement  setting  forth  Sellers'
estimate  of the amount of each adjustment to the Purchase  Price
to  be  made pursuant to Section 2.2 (the "Preliminary Settlement
Statement").   The  parties shall negotiate  in  good  faith  and
attempt  to agree on such estimated adjustments prior to Closing.
In the event any estimated adjustment amounts are not agreed upon
prior  to  Closing, the Adjusted Purchase Price for  purposes  of
Closing shall be calculated based on Sellers' and Buyer's  agreed
upon estimated adjustments and Sellers' good faith estimation  of
any  disputed  amounts,  which  estimate  shall  be  subject   to
adjustment in the Final Settlement Statement pursuant to  Section
9.1.

     2.6        Letter-of-Credit Note.  In consideration for  the
Sellers' agreement to maintain after the Closing Date the posting
of certain letters-of-credit with respect to the Interests, Buyer
will deliver a promissory note  (the "Letter-of-Credit Note")  in
the   amount  of  One  Million  Three  Hundred  Thousand  Dollars
($1,300,000)  payable  to Sellers on or  before  June  30,  2001,
accruing  interest at the rate of eight per cent (8%) per  annum,
payable quarterly in either cash or shares of the Common Stock of
Buyer,  at  the  option of Buyer, the value of such  stock  being
fixed at Four Dollars ($4.00) per share.  The form of the Letter-
of-Credit  Note is attached and made a part hereof as Exhibit  E.
Should  Buyer either repay in full the Letter-of-Credit  Note  or
replace  the  letters-of-credit pursuant to  Section  9.5  on  or
before  December  31, 2000, Sellers shall return  the  Letter-of-
Credit  Note to Buyer, no interest shall be due under the Letter-
of-Credit Note and any interest previously paid thereon by  Buyer
in  either  cash  or stock shall be refunded by  Sellers.  Should
Buyer  fail to either repay the Letter-of-Credit Note or  replace
the  letters-of-credit pursuant to Section 9.5 on or before  June
30, 2001, Sellers shall have the option to require payment of the
One Million Three Hundred Thousand Dollars ($1,300,000) principal
balance of the Letter-of-Credit Note, either (a) by wire transfer
or other immediately available funds, or (b) Three Hundred Twenty
Five Thousand (325,000) shares of Buyer's Common Stock.  If Buyer
has not paid all accrued interest on the Letter-of-Credit Note on
or before June 30, 2001, Sellers shall have the option to require
payment  of such accrued and unpaid interest either (a)  by  wire
transfer  or other immediately available funds, or (b) shares  of
Buyer=s  Common Stock valued at $4.00 per share, rounded  to  the
nearest whole share.

     2.7   Stock Penalty.  If Closing fails to occur, Buyer shall
issue   to  BWAB  Fourteen  Thousand  Five  Hundred  Eighty-Three
(14,583)  shares  of  the  Common  Stock  of  Buyer  (the  "Stock
Penalty") in accordance with Section 12.2 hereof.

                            ARTICLE 3
                 REPRESENTATIONS AND WARRANTIES

     3.1   Representations  and  Warranties  of  Castle.   Castle
represents and warrants to Buyer the following:

          (a)    Castle  is  a  limited  liability  company  duly
organized, validly existing and in good standing under  the  laws
of  the State of Louisiana.  Castle is duly qualified to carry on
its  business  in the State or States in which the Interests  are
located and in each State where failure to so qualify would  have
a material adverse effect upon its business or the Interests.

          (b)   Castle  has all requisite power and authority  to
carry  on  its business as presently conducted and to enter  into
this Agreement and to perform its obligations hereunder.

          (c)   The  execution, delivery and performance of  this
Agreement and the transactions contemplated herein have been duly
and validly authorized by Castle.

          (d)    This  Agreement  has  been  duly  executed   and
delivered  on behalf of Castle, and all documents and instruments
required hereunder to be executed and delivered by Castle  at  or
prior  to  Closing shall have been duly executed  and  delivered.
This  Agreement  does, and such documents and instruments  shall,
constitute  legal,  valid  and  binding  obligations  of   Castle
enforceable in accordance with their terms.

          (e)   Castle  has incurred no liability, contingent  or
otherwise, for broker's or finder's fees or commissions  relating
to  the  transactions  contemplated by this Agreement  for  which
Buyer shall have any responsibility whatsoever.

     3.2    Representations  and  Warranties   of   BWAB.    BWAB
represents and warrants to Buyer the following:

          (a)     BWAB  is  a  limited  liability  company   duly
organized, validly existing and in good standing under  the  laws
of the State of Colorado.  BWAB is duly qualified to carry on its
business  in  the  State  or States in which  the  Interests  are
located and in each State where failure to so qualify would  have
a material adverse effect upon its business or the Interests.

          (b)   BWAB  has  all requisite power and  authority  to
carry  on  its business as presently conducted and to enter  into
this Agreement and to perform its obligations hereunder.

          (c)   The  execution, delivery and performance of  this
Agreement and the transactions contemplated herein have been duly
and validly authorize by BWAB.

          (d)    This  Agreement  has  been  duly  executed   and
delivered  on  behalf of BWAB, and all documents and  instruments
required  hereunder to be executed and delivered by  BWAB  at  or
prior  to  Closing shall have been duly executed  and  delivered.
This  Agreement  does, and such documents and instruments  shall,
constitute   legal,  valid  and  binding  obligations   of   BWAB
enforceable in accordance with their terms.

          (e)   BWAB  has  incurred no liability,  contingent  or
otherwise, for broker's or finder's fees or commissions  relating
to  the  transactions  contemplated by this Agreement  for  which
Buyer shall have any responsibility whatsoever.

3.3  Representations and Warranties of Sellers.  Each of  Sellers
separately represents and warrants to Buyer the following:

          (a)    There  are  no  outstanding  authorizations  for
expenditures ("AFEs") that (i) require the drilling of  wells  or
other  material development operations in order  to  earn  or  to
continue  to  hold all or any portion of the Interests,  or  (ii)
obligate  Sellers to make payments of any amounts  in  connection
with  drilling  of  wells or other material capital  expenditures
affecting the Interests.

          (b)   Sellers are not obligated to deliver hydrocarbons
produced from the Interests at some future time without  then  or
thereafter receiving full payment for the production attributable
to  Sellers' ownership in and to the Interests by virtue of:  (i)
a  prepayment  arrangement under any contract  for  the  sale  of
hydrocarbons  and  containing  a  "take  or  pay,"   or   similar
provisions,  (ii)  a  production  payment,  or  (iii)  any  other
arrangement.

          (c)  Except for those taxes and assessments for which a
Purchase Price adjustment is made under Section 2.3(b)(v), during
the  period of Sellers' ownership of the Interests, Sellers  have
properly  paid  all ad valorem, property, production,  severance,
excise and similar taxes and assessments based on or measured  by
the  ownership  of property or the production of hydrocarbons  or
the  receipt  of  proceeds therefrom on the Interests  that  have
become due and payable before the Effective Time.

          (d)   No  suit,  action, claim, or other proceeding  is
pending or, to the best of Sellers' knowledge, threatened  before
any court, arbitration panel or governmental agency which relates
to  the  Interests and which might result in a material  loss  of
Sellers'  title to any portion of the Interests,  or  a  material
diminution  of the value of any of the Interests, or  that  might
materially hinder or impede the operation of the Leases.

          (e)   As  used  in this Agreement, the term,  "Existing
Documents"  shall  mean  all of the oil, gas  and  other  mineral
leases,  assignments  or  other instruments  or  agreements  that
comprise   the   Interests,   and   all   contractually   binding
arrangements to which the Interests may be subject and which will
be  binding  on the Interests or Buyer after Closing  (including,
without limitation, oil, gas and other mineral leases, overriding
royalty   assignments,  farm-out and farm-in  agreements,  option
agreements,  forced  pooling orders,  assignments  of  production
payments, partnership agreements, unit agreements, unit operating
agreements,  joint  operating agreements,  balancing  agreements,
unit   operating  agreements,  production  contracts,  processing
contracts,  gas  sales  contracts, marketing  and  transportation
contracts  and  division  orders).   To  the  best  of   Sellers=
knowledge,  (i)  all Existing Documents are  in  full  force  and
effect  and are the valid and legally binding obligations of  the
parties  thereto  and  are enforceable in accordance  with  their
respective   terms  (subject  to  the  effects   of   bankruptcy,
insolvency,  reorganization, moratorium and similar  laws);  (ii)
Sellers are not in material breach or default with respect to any
of  its obligations pursuant to any such Existing Documents;  and
(iii)  all  payments  (including, without limitation,  royalties,
delay  rentals, shut-in royalties and valid calls under  unit  or
operating  agreements) due thereunder have been timely  paid  and
Sellers  have  received no notice of default  under  any  of  the
Existing Documents.

          (f)   To  the  best of Sellers' knowledge, all  of  the
Equipment  Sellers  operate has been maintained  in  a  state  of
repair so as to be adequate for normal operations.

          (g)   To  the  best of Sellers' knowledge, all  of  the
Wells  that have been drilled and completed have been so  drilled
and  completed  within  the boundaries and  limits  permitted  by
contract,  pooling  or  unit  agreement,  and  by  law;  and  all
drilling,  completion, and other operations on or  affecting  the
Leases  have  been  conducted in compliance with  all  applicable
laws,  ordinances, rules, regulations and permits, and judgments,
orders  and decrees of any court or governmental body or  agency.
No  Well  is  subject to penalties or allowables after  the  date
hereof  because of any over-production or any other violation  of
applicable  laws,  rules, regulations or  permits  or  judgments,
orders of decrees of any court or governmental body or agency.

          (h)   Except  as  set  forth on  Exhibit  "C"  attached
hereto:

               (i)  Sellers'   operations  and  activities   with
                    respect  to  the  Interests  comply  in   all
                    respects  with  all  applicable  governmental
                    laws,  including, without limitation,  health
                    and  safety statutes and regulations and  all
                    Environmental Laws, including any  provisions
                    requiring notice to government agencies under
                    Environmental Laws.

               (ii) There is no civil, criminal or administrative
                    action, suit, demand, claim, hearing,  notice
                    of   violation,  investigation,   proceeding,
                    notice   or   demand  letter  ("Environmental
                    Proceeding") known to Sellers pending or,  to
                    the  best  of Sellers' knowledge,  threatened
                    against  Sellers  or  any  of  the  Interests
                    relating  in  any  way to  the  Environmental
                    Laws.

              (iii) Neither  Sellers nor, to  the  best  of
                    Sellers'  knowledge, any  other  person  have
                    released,  placed, stored, buried  or  dumped
                    any Hazardous Substances, Oil, Pollutants  or
                    Contaminants or any other wastes on, beneath,
                    or   adjacent  to  the  Leases,  except   for
                    inventories of such substances to be used  in
                    the  ordinary course of business  of  Sellers
                    (which  inventories and wastes, if any,  were
                    and  are  stored or disposed of in accordance
                    with applicable laws and regulations).

               (iv) To  the  best of Sellers' knowledge,  Sellers
                    have  not  received any notice or order  from
                    any   governmental  or  other  public  agency
                    advising it that Sellers are responsible  for
                    or  potentially  responsible for  Cleanup  or
                    paying  for  the  cost  of  Cleanup  of   any
                    Hazardous  Substances, Oils,  Pollutants,  or
                    Contaminants or any other waste or  substance
                    affecting  the  Interests.  Sellers  are  not
                    aware  of  any  facts which might  reasonably
                    give rise to any such notice or order.

               (v)  The  term  "Cleanup" shall mean  all  actions
                    required  to:  (1) cleanup, remove, treat  or
                    remediate    Hazardous   Substances,    Oils,
                    Pollutants  or Contaminants; (2) prevent  the
                    Release   of   Hazardous  Substances,   Oils,
                    Pollutants  or Contaminants so that  they  do
                    not migrate, endanger or threaten to endanger
                    public  health or welfare or the environment;
                    (3)    perform   pre-remedial   studies   and
                    investigations  and post-remedial  monitoring
                    and  care;  or (4) respond to any  government
                    requests for information or documents in  any
                    way  relating to cleanup, removal,  treatment
                    or remediation or potential cleanup, removal,
                    treatment   or   remediation   of   Hazardous
                    Substances,  Oils, Pollutants or Contaminants
                    in the indoor or outdoor environment.

               (vi) The  term "Environmental Laws" shall mean all
                    foreign,  Federal,  state  and  local   laws,
                    regulations, rules and ordinances relating to
                    polluting  or  protection of the environment,
                    including, without limitation, laws  relating
                    to   Releases   or  threatened  Releases   of
                    Hazardous  Substances,  Oil,  Pollutants   or
                    Contaminants  into  the  indoor  or   outdoor
                    environment  (including, without  limitation,
                    ambient   air,  surface  water,  groundwater,
                    land,  surface  and  subsurface  strata)   or
                    otherwise   relating  to   the   manufacture,
                    processing,  distribution,  use,   treatment,
                    storage,  Release, transport or  handling  of
                    Hazardous   Substances,  Oil,  Pollutants  or
                    Contaminants,  and all laws  and  regulations
                    with  regard to record keeping, notification,
                    disclosure    and   reporting    requirements
                    respecting   Hazardous   Substances,    Oils,
                    Pollutants or Contaminants.

            (vii)   The  term "Hazardous Substances,  Oils,
                    Pollutants  or Contaminants" shall  mean  all
                    substances  defined as such in  the  National
                    Oil   and   Hazardous  Substances   Pollution
                    Contingency Plan, or defined as such  by,  or
                    regulated  as  such under, any  Environmental
                    Law.

           (viii)   The  term "Release" or "Releases" means
                    any   release,  spill,  emission,  discharge,
                    leaking,    pumping,   injection,    deposit,
                    disposal,  discharge, dispersal, leaching  or
                    migration   into   the  indoor   or   outdoor
                    environmental (including, without limitation,
                    ambient air, surface water, groundwater,  and
                    surface or subsurface strata) or into or  out
                    of  any  property, including the movement  of
                    Hazardous  Substances,  Oils,  Pollutants  or
                    Contaminants  through or in  the  air,  soil,
                    surface water, groundwater or property.

     3.4    Representations  and  Warranties  of  Buyer.    Buyer
represents and warrants to Sellers the following:

          (a)   Buyer  is a corporation, duly organized,  validly
existing  and  in good standing under the laws of  the  State  of
Colorado.   Buyer  is  or  will  be  prior  to  Closing  duly
qualified to conduct business in the State or States in which the
Interests are located.

          (b)   Buyer  has all requisite power and  authority  to
carry on its business as presently conducted, to enter into  this
Agreement,  and to purchase the Interests on the terms  described
in  this  Agreement and perform its other obligations under  this
Agreement.

          (c)   The  execution, delivery and performance of  this
Agreement and the transactions contemplated hereby have been duly
and validly authorized.

          (d)    This  Agreement  has  been  duly  executed   and
delivered by or on behalf of Buyer; all documents and instruments
required  hereunder to be executed and delivered by Buyer  at  or
prior to Closing shall have been duly executed and delivered; and
this  Agreement  does, and such documents and instruments  shall,
constitute  legal,  valid  and  binding  obligations   of   Buyer
enforceable in accordance with their terms.

          (e)   Buyer  has  incurred no liability, contingent  or
otherwise, for broker's or finder's fees or commissions  relating
to  the  transactions  contemplated by this Agreement  for  which
Sellers shall have any responsibility whatsoever.

          (f)   All  shares of the Common  Stock  of
Buyer issued to Sellers pursuant to this Agreement shall be  duly
authorized  and  when issued shall be fully paid,  non-assessable
shares  of the Common Stock of Buyer and shall carry all  of  the
same  rights and privileges as all other issues of Buyer's Common
Stock.

          (g)   Prior  to Closing, Buyer will have inspected  the
Interests,  the  public  records  and  Sellers'  files  for   all
purposes,  including, but not limited to, detecting the  presence
and  concentration  of naturally-occurring radioactive  materials
and   satisfying  itself  as  to  the  physical   condition   and
environmental  condition  of  the  Interests,  both  surface  and
subsurface.   In entering into this Agreement, Buyer  has  relied
solely on the express representations and covenants of Sellers in
this  Agreement, its independent investigation of,  and  judgment
with  respect to, the Interests and the advice of its own  legal,
tax,   economic,   environmental,  engineering,  geological   and
geophysical  advisors, and not on any comments or  statements  of
any  representatives  of, or consultants or advisors  engaged  by
Sellers.

          (h)   At Closing, Buyer will meet the bonding and other
requirements required by all governmental authorities in  respect
to  the  Interests (and Sellers agree to provide Buyer, prior  to
Closing,  with  a list of such requirements) and, after  Closing,
Buyer  anticipates that it will continue to be able to meet  such
bonding  requirements.   Buyer  is,  and  after  the  Closing  is
expected  to  continue  to be, otherwise  qualified  to  own  the
Interests.   The  consummation of the  transactions  contemplated
hereby will not cause Buyer to be disqualified to be an owner  of
oil,  gas, and mineral leases or to exceed any acreage limitation
imposed by law, statute, rule or regulation.  Buyer is not  aware
of  any  fact  that  could reasonably be expected  to  cause  the
appropriate  governmental authorities to fail to  unconditionally
approve  the assignment of the Interests to Buyer.  Sellers  will
cooperate  and will assist Buyer relating to the preparation  and
presentation of documents relating to changes in ownership and/or
operatorship of the Interests.

          (i)  Buyer is an experienced and knowledgeable investor
and operator in the oil and gas business.  Buyer is acquiring the
Interests  for  its own account and not with a view  to,  or  for
offer  of  resale  in  connection with, a  distribution  thereof,
within the meaning of the Securities Act of 1933, as amended,  or
any   other  rules,  regulations,  and  laws  pertaining  to  the
distribution of securities.

          (j)   Buyer has arranged or will have arranged to  have
available  by  the Closing Date sufficient funds  to  enable  the
payment  to  Sellers, by wire transfer, of the Adjusted  Purchase
Price  in  accordance with Section 2.3 and to  otherwise  perform
Buyer's obligations under this Agreement.

                            ARTICLE 4
                  CERTAIN AGREEMENTS OF SELLERS

     4.1   Agreements Between Execution of Agreement and Closing.
During the period between the execution of this Agreement and the
Closing  Date,  Sellers  shall not,  without  the  prior  written
consent  of Buyer, (i) sell, convey, assign, transfer or encumber
any of the Interests;  (ii) make or agree to make any expenditure
in  excess  of $25,000.00, net to Sellers' interest,  except  for
obligations  under existing contracts, expenditures necessary  to
maintain  the Interests, or in the event of any emergency  as  to
which  Sellers have notified Buyer; (iii) sell oil, gas or  other
minerals  from  the Interests except sales made in  the  ordinary
course  of  business;  (iv) enter into  any  agreement  amending,
modifying or terminating any of the Leases; or (v) take any other
action  with respect to any of the Interests that would  cause  a
material diminution in the value thereof or that would materially
and adversely affect the use and enjoyment thereof.

     4.2   Access  to Records.  Following the execution  of  this
Agreement by the Parties, Sellers shall afford to Buyer  and  its
authorized   representatives,  during  normal   business   hours,
reasonable  access  to well and land files, title,  contract  and
legal  materials and operating data and information  in  Sellers'
possession or to which it has access affecting the Interests.

     4.3   Notification of Additional Proceedings.  Sellers shall
promptly notify Buyer of any new suits, actions, claims or  other
proceedings threatened or pending before, or required to be filed
with,  any court, arbitrator or governmental agency which  relate
to the Interests.

     4.4   Consents.   Sellers shall use their  best  efforts  to
obtain any consents necessary to transfer the Interests to Buyer.

     4.5   Letters-of-Credit.   Subject  to  the  provisions   of
Section  9.5, Sellers will leave in place their letters-of-credit
with  respect  to  the Interests until Buyer obtains  replacement
letters-of-credit.

                            ARTICLE 5
                   CERTAIN AGREEMENTS OF BUYER

     5.1   Cooperation.   Buyer shall cooperate with  Sellers  to
assist   Sellers  in  carrying  out  the  agreements  of  Sellers
hereunder.

                            ARTICLE 6
                  BUYER'S CONDITIONS TO CLOSING

     The  obligations  of  Buyer to consummate  the  transactions
provided for herein are subject, at the option of Buyer,  to  the
fulfillment  on  or  prior to Closing of each  of  the  following
conditions:

     6.1  Representations.  The representations and warranties by
Castle set forth in Section 3.1, by BWAB set forth in Section 3.2
and  by Sellers set forth in Section 3.3  above shall be true and
correct in all material respects as of the date of this Agreement
and as of the Closing Date.

     6.2   Changes.   There shall have been no  material  adverse
change  in  the  physical  condition  of  the  Interests,  except
depletion  through normal production within authorized  allowable
and  rates  of  production,  depreciation  of  equipment  through
ordinary  wear  and tear, and other transactions permitted  under
this Agreement or approved in writing by Buyer.

     6.3   Performance.  Sellers shall have timely performed  and
complied  with  all  agreements and covenants  required  by  this
Agreement.

     6.4   No  Legal  Proceedings.   No  suit,  action  or  other
proceeding  shall  be  pending or threatened  before  any  court,
arbitration  panel  or governmental agency seeking  to  restrain,
prohibit  or declare illegal, or seeking substantial  damages  in
connection  with  the  purchase and  sale  contemplated  by  this
Agreement,  or  which  might result in a  material  loss  of  any
portion  of the Interests, a material diminution in the value  of
any  of  the Interests, or materially interfere with the  use  or
enjoyment of the Interests, except (i) matters that are disclosed
on  Exhibit "D" or (ii) any suit or proceeding affecting  only  a
portion  of  the  Interests, which portion could  be  treated  as
subject to a Title Defect in accordance with Article 10.

     6.5  Existing Documents.  Buyer must be reasonably satisfied
with the terms and conditions of the Existing Documents.

                            ARTICLE 7
                 SELLERS' CONDITIONS TO CLOSING

     The  obligations  of Sellers to consummate the  transactions
provided for herein are subject, at the option of Sellers, to the
fulfillment  on  or  prior to Closing of each  of  the  following
conditions:

     7.1  Representations.  The representations and warranties by
Buyer set forth in Section 3.4 above shall be true and correct in
all material respects as of the date of this Agreement and as  of
the Closing Date.

     7.2   Performance.   Buyer shall have timely  performed  and
complied  in  all  material  respects  with  all  agreements  and
covenants required by this Agreement.

     7.3   No  Legal  Proceedings.  No suit or  other  proceeding
shall  be pending before any court or governmental agency seeking
to  restrain  prohibit or declare illegal, or seeking substantial
damages  in  connection  with,  the  sale  contemplated  by  this
Agreement, except (i) matters with respect to which Sellers  have
been  adequately indemnified by Buyer or (ii) any suit  or  other
proceeding  affecting  only a portion  of  the  Interests,  which
portion  could  be  treated  as subject  to  a  Title  Defect  in
accordance with Article 10.

                            ARTICLE 8
                             CLOSING

     8.1   Date of Closing.  Subject to the conditions stated  in
this  Agreement, the purchase and sale of the Interests  pursuant
to  this  Agreement  (the "Closing") shall  occur  on  or  before
September  30,  2000, at 10:00 a.m., Mountain Time,  or  on  such
other  date and time as Buyer and Sellers may agree (the "Closing
Date").

     8.2   Place  of Closing.  The Closing shall be held  at  the
offices  of Sellers as set forth hereinabove; provided,  however,
the Parties may agree to close via facsimile or overnight mail.

     8.3  Closing Obligations.      At the Closing, the following
documents  shall  be  delivered and the  following  events  shall
occur,  each event being a condition precedent to the others  and
each  being  deemed  to  have occurred  simultaneously  with  the
others:

          (i)  Sellers  shall  execute  and  deliver:    (1)   an
               Assignment,  Bill  of Sale and Conveyance  in  the
               form   attached   hereto  as  Exhibit   "D"   (the
               "Assignment")   (in  sufficient  counterparts   to
               facilitate  recording)  conveying  the  Interests,
               subject  to the Permitted Encumbrances;  (2)  such
               other instruments as may be required to convey the
               Interests  to  Buyer and otherwise effectuate  the
               transactions contemplated by this Agreement.

          (ii) Sellers  and  Buyer shall execute and deliver  the
               Preliminary Settlement Statement.

         (iii) Buyer  shall deliver by direct bank or  wire
               transfer to  Sellers or to Sellers' account  (at
               such  place as may be designated by Sellers  in  a
               written  notice,  such notice to be  delivered  to
               Buyer not less than two (2) Business Days prior to
               the  Closing)  the Money Payment of  the  Adjusted
               Purchase  Price and shall deliver  to  Seller  the
               Stock Payment of the Adjusted Purchase Price.

          (iv) Sellers  shall deliver on forms supplied by  Buyer
               transfer   orders  or  letters  in  lieu  thereof,
               directing  the  operator  or  purchaser  to   make
               payment  of  proceeds attributable  to  production
               from  the  Interests after the Effective  Time  to
               Buyer.

          (v)  Buyer  shall  execute and deliver  to Sellers  the
               Letter-of-Credit Note.

     8.4   Records.   In  addition to the obligations  set  forth
under  Sections 4.2 and 8.3 above, within thirty (30) days  after
Closing,  Sellers  shall deliver to Buyer all original  well  and
land  files  in its possession or to which it has access.   Buyer
shall be entitled to all original records affecting the Interests
assigned  to  Buyer  pursuant to the  terms  of  this  Agreement.
Sellers shall be entitled to keep a copy of such records for  its
files.  Buyer agrees to preserve and maintain such records for at
least  five  (5)  years after the Closing  Date  and  to  provide
Sellers  access  to  such records during  normal  business  hours
during such period.

                            ARTICLE 9
                      POST-CLOSING MATTERS

     9.1   Final  Settlement Statement.  As soon  as  practicable
after  the  Closing, but in no event later than ninety (90)  days
after  Closing, Sellers shall prepare and deliver  to  Buyer,  in
accordance  with this Agreement and generally accepted accounting
principles,  a  statement ("Final Settlement Statement")  setting
forth  each adjustment (other than adjustments for Title Defects)
finally  determined as of Closing and showing the calculation  of
such  adjustments.  Within thirty (30) days after receipt of  the
Final  Settlement  Statement, Buyer shall deliver  to  Sellers  a
written report containing any changes that Buyer proposes be made
in  good  faith  to  resolve any questions with  respect  to  the
amounts due pursuant to such Final Settlement Statement no  later
than one hundred twenty (120) days after the Closing.

     9.2   Unpaid Third Party Funds.       At such time as  Buyer
and  Sellers agree on a Final Settlement Statement, Sellers  will
transfer  to  Buyer all funds held by Sellers in suspense  for  a
third   party  owner  of  royalty,  overriding  royalty,  working
interests,   mineral   interest  or  other   similar   interests,
attributable  to the Interests, and will deliver all  records  in
Sellers'  possession, including a schedule of such funds  listing
the  owners  thereof,  which  may be  used  to  determine  proper
disbursement.    Buyer  shall  thereafter  be   responsible   for
determining  the  proper  payment  of  such  amounts  and   shall
indemnify and hold harmless Sellers from and against any and  all
cost,  loss  or  expense of whatever kind,  including  attorneys'
fees, arising from or in connection with the claim or any person,
up  to the amount listed on the schedule provided by Sellers with
respect  thereto, with respect to the funds transferred to  Buyer
pursuant to this Section 9.2.

     9.3   Further Assurances.  After Closing, Sellers, and Buyer
shall  execute, acknowledge and deliver or cause to be  executed,
acknowledged and delivered such instruments and take  such  other
action  as  may  be  necessary or advisable to  carry  out  their
obligations under this Agreement and under any Exhibit, document,
certificate or other instrument delivered pursuant hereto.

     9.4  Survival.  All representations and warranties set forth
in  this Agreement in Sections 3.1 (a) - (e), 3.2 (a) - (e),  3.3
(a)  -  (c) and 3.4 (a) - (f) shall survive the Closing,  but  no
other representations and warranties shall survive the Closing.

     9.5  Letters-of-Credit.

     (a)  Subject  to the provisions of this Section 9.5, Sellers
          will   leave  in  place  their  letters-of-credit  with
          respect   to   the   Interests  until   Buyer   obtains
          replacement letters-of-credit.

     (b)  Buyer  will  use its best efforts to obtain letters-of-
          credit  to replace those posted by Sellers with respect
          to  the  Interests as soon as possible, but  not  later
          than June 30, 2001.

     (c)  If Sellers require payment from Buyer of the Letter-of-
          Credit  Note on or after June 30, 2001, and Buyer  pays
          the  Letter-of-Credit  Note, Sellers  shall  assign  to
          Buyer  Sellers'  One  Million  Three  Hundred  Thousand
          Dollars ($1,300,000) certificates of deposit to  secure
          Buyer=s replacement letters-of-credit.

     (d)  If  the  beneficiaries of the posted  letters-of-credit
          withhold  their consent to accept the letters-of-credit
          obtained  by  Buyer in replacement for Sellers'  posted
          letters-of-credit, Buyer instead will obtain letters-of-
          credit  in favor of Sellers to support Sellers'  posted
          letters-of-credit  within twenty  (20)  days  following
          notification by such beneficiaries withholding consent.

     9.6       Buyer's Stock.  Buyer grants to Sellers  piggyback
registration rights with respect to any shares of Buyer's  Common
Stock  assigned to Sellers pursuant to this Agreement.  If  Buyer
does  not  cause  such shares attributable to the Stock  Deposit,
Stock  Penalty or Stock Payment or to be registered on or  before
December   31,   2000,  Sellers  are  entitled  to   one   demand
registration  of  such  shares at Buyer's  expense.   If  Sellers
receive   shares of Buyer's Common Stock in payment for principal
and/or interest due under the  Letter-of-Credit Note pursuant  to
Section  2.6,  and  Buyer  does  not  cause  such  shares  to  be
registered  on or before December 31, 2001, Sellers are  entitled
to one demand registration of such shares at Buyer=s expense. The
provisions  of Sellers' registration rights are more specifically
set forth in the Registration Rights Agreement to be executed  by
the  Parties  attached  hereto as Exhibit  "F"  and  incorporated
herein (the "Registration Rights Agreement"). The representations
of  the Sellers as to their suitability to receive shares of  the
Common  Stock  of  Buyer  pursuant to  this  Agreement  are  more
specifically   set   forth   in  the  Investment   Representation
Agreements to be executed by the Parties attached together hereto
as   Exhibit   "G"  and  incorporated  herein  (the   "Investment
Representation Agreements").

                           ARTICLE 10
                          TITLE MATTERS

     10.1 Access to Title and Other Documents.

          (a)  After the date hereof, Sellers will make available
to  Buyer  and  to  its representatives (such representatives  to
include    employees,   consultants,   independent   contractors,
attorneys and other advisors of Buyer) for Buyer's copying and/or
inspection  (at  Buyer's cost and expense), at  Sellers'  offices
during  normal business hours the following documents in Sellers'
possession or under its control:

          (i)  All  abstracts  of  title, title  opinions,  title
               curative  materials, ownership  reports,  division
               orders,  bills of sale, other documents evidencing
               transfers of title, tax receipts, and licenses and
               registrations pertaining to the Interests.

          (ii) All  of  the  lease records, lease files,  leases,
               conveyances  and  assignments of interest  in  the
               Leases;  unitization, unit, pooling and  operating
               agreements;  division orders; contracts;  transfer
               orders;   orders  of  the  applicable   regulatory
               authorities or administrative agencies; mortgages,
               deeds of trust, security agreements, and financing
               statements;  and  all other contracts,  agreements
               and documents affecting the Interests.

        (iii)  Instruments and documents concerning  proper
               payment of all general and special assessments, ad
               valorem   and   property  taxes,  and  production,
               severance and similar taxes and assessments  based
               on  or measured by the ownership of the Interests,
               the production of hydrocarbons, or the receipt  of
               proceeds  therefrom for 1999 and years  prior  for
               which  the  applicable statute of limitations  has
               not expired.

         (iv)  All geological maps, geophysical surveys,
               ownership   maps,  seismic  surveys,  logs,   core
               studies, and surveys relating to the Interests.

          (v)  All production records; transportation agreements;
               contracts  concerning the purchase  of  gas,  oil,
               casinghead  gas,  distillate,  gas  condensate  or
               other  hydrocarbons;  processing  agreements;  all
               correspondence relating to the Interests; and data
               sheets  relating to the Interests and to  bonuses,
               rentals   and   royalties  payable  with   respect
               thereto.

          (vi) All  agreements  relating to the  purchase,  sale,
               processing, and transportation of production  from
               the Wells.

         (vii) All   bonds,  leases,  permits,  easements,
               licenses,  orders, saltwater disposal  agreements,
               agreements  with pumpers and other  agreements  in
               any way relating to the Interests or the operation
               thereof.

Reliance  on  such information shall be at the sole risk  of  the
Buyer,  and Sellers make no guaranty or representation as to  the
accuracy  or  completeness  of such  data,  except  as  otherwise
provided in this Agreement.

          Sellers  shall  authorize Buyer and its representatives
to   consult  with  attorneys,  abstract  companies   and   other
consultants  or  independent  contractors  of  Sellers   (whether
utilized  in  the  past  or  present)  concerning  title  related
matters.   Reliance  on such information of  such  third  parties
shall  be  at  the  sole risk of the Buyer, and Sellers  make  no
guaranty or representation as to the accuracy or completeness  of
such data.

     10.2 No Warranty or Representation.  At the Closing, Sellers
shall  convey to Buyer all the Interests.  Such conveyance  shall
be subject to the Permitted Encumbrances and WITHOUT ANY WARRANTY
OF  TITLE, EITHER EXPRESS OR IMPLIED, AND WHETHER BY COMMON  LAW,
STATUTE  OR  OTHERWISE, except for the warranty of  title  as  to
persons claiming by, through and under Sellers contained  in  the
Assignment.   Without  limiting  Buyer's  right  to  reduce   the
Purchase Price in the manner provided in this Article 10, Sellers
make  no  warranty  or representation, express or  implied,  with
respect  to  the  accuracy or completeness  of  any  information.
Records  or data now, heretofore, or hereafter made available  to
Buyer  in  connection  with  this Agreement,  including,  without
limitation,   any   description   of   the   Interests,   pricing
assumptions,  potential for production of hydrocarbons  from  the
Interests,  or  any  other  matters  contained  in  any  material
furnished  by  Sellers  to  Buyer  or  its  officers,  directors,
employees, agents, advisors or representatives.

     10.3   Disclaimer.     ALL  PERSONAL  PROPERTY,   MACHINERY,
FIXTURES,  EQUIPMENT AND MATERIALS CONVEYED HEREBY ARE  SOLD  AND
ASSIGNED  AND  ACCEPTED  BY BUYER IN  THEIR  "WHERE  IS,  AS  IS"
CONDITION,   WITHOUT  ANY  WARRANTIES,  EXPRESS  OR  IMPLIED   OR
STATUTORY,  OF MARKETABILITY, QUALITY, CONDITION, MERCHANTABILITY
AND/OR FITNESS FOR A PARTICULAR PURPOSE OR USE, ALL OF WHICH  ARE
EXPRESSLY DISCLAIMED.

     10.4 Permitted Encumbrances.  As used in this Agreement, the
term  "Permitted Encumbrances" shall mean the following, provided
that  the  same  shall  not operate to  reduce  the  net  revenue
interest  or  increase the gross working interest of an  Interest
beyond that shown on Exhibit "A":

          (a)   Lessors' royalties, non-participating  royalties,
overriding  royalties,  division orders, reversionary  interests,
and similar burdens.

          (b)  Preferential rights to purchase and required third
party  consents  to  assignments  and  similar  agreements,  with
respect  to  which, prior to Closing (i) waivers or consents  are
obtained from the appropriate parties, (ii) the appropriate  time
period  for asserting such rights has expired without an exercise
of  such rights, or (iii) arrangements acceptable to Buyer can be
made by Buyer and Sellers to allow Buyer to receive substantially
the same economic benefits as if all such waivers and consents to
assign have been obtained.

          (c)   Liens  for taxes or assessments not  yet  due  or
delinquent  or, if delinquent, that are being contested  in  good
faith in the normal course of business.

          (d)   All  rights to consent by, required  notices  to,
filing  with,  or  other  actions  by  governmental  entities  in
connection with the sale or conveyance of oil and gas  leases  or
interests   therein,   if  the  same  are  customarily   obtained
subsequent  to  such sale or conveyance and neither  Sellers  nor
Buyer has no reason to believe they cannot be obtained.

          (e)   Such  Title Defects as Buyer may have  waived  in
writing.

          (f)   Rights  reserved to or vested in any governmental
authority.

          (g)  Rights of a common owner of any Interest in rights-
of-way  or  easements currently held by Sellers and  such  common
owner as tenants in common or through common ownership.

          (h)   Easements,  conditions, covenants,  restrictions,
servitudes,  permits,  rights-of-way, surface  leases  and  other
rights  in  the Interests for the purpose of surface  operations,
roads, alleys, highways, railways, pipelines, transmission lines,
transportation lines, distribution lines, power lines,  telephone
lines,  and  removal  of  timber,  grazing,  logging  operations,
canals,  ditches, reservoirs and other like purposes, or for  the
joint or common use of real estate, rights-of-way, facilities and
equipment which do not materially impair the rights held by Buyer
or the use and enjoyment of the Interests.

          (i)   Defects, irregularities and deficiencies in title
to  any  rights-of-way, easements, surface lease or other  rights
which  in the aggregate do not materially impair the use of  such
right-of-way, easements, surface leases or other rights  for  the
purpose of which such rights will be held by Buyer.

          (j)    Zoning,  planning  and  environmental  laws  and
ordinances and municipal regulations.

          (k)    Vendors,   carriers,  warehousemen,   repairmen,
mechanics, workmen, materialmen, construction or other like liens
arising by operation of law in the ordinary course of business or
incident  to  the construction or improvement of any property  in
respect of obligations which are not yet due, or which are  being
contested  in  good  faith by appropriate proceedings  by  or  on
behalf of Sellers.

          (l)   Liens  created  under  operating  agreements   in
respect  of  obligations that are not yet due or that  are  being
contested  in  good  faith by appropriate proceedings  by  or  on
behalf of Sellers.

          (m)    The   terms  and  provisions  of  the   Existing
Documents.

     10.5  Good and Defensible Title.    For the purposes of this
Article 10, the term "Good and Defensible Title" shall mean, with
respect  to  each of the Interests, that title of Sellers  which,
subject to and except for Permitted Encumbrances:

          (a)   Entitles Sellers, throughout the duration of  the
relevant Interest, to receive from such Interest (free and  clear
of   all   royalties,   overriding  royalties,  non-participating
royalties, net profits interests, or other burdens on or measured
by  production of hydrocarbons) not less than the interest  shown
as  the  net  revenue interest on Exhibit AA@ in all hydrocarbons
produced,  saved  and  marketed from  the  Interest  and  of  all
hydrocarbons produced, saved, and marketed from any unit of which
the  Interest is a part and which is allocated to such  Interest;
all   without  reduction,  suspension,  or  termination  of   the
Interest.

          (b)   Obligates Sellers to bear the percentage  of  the
costs  and  expenses relating to the maintenance and  development
of, and operations relating to, the Interest not greater than the
gross  working  interest shown on Exhibit  "A"  without  increase
throughout the duration of such Interest.

          (c)   Is  free  and  clear of liens,  encumbrances  and
defects.

          (d)    All  irregularities  of  title  that  would  not
reasonably  be expected to result in claims that would materially
and  adversely affect Sellers' title to an Interest shall not  be
considered  a  Title  Defect, including but not  limited  to  (i)
defects  in  the chain of title consisting of failure  to  recite
marital   status  or  the  omission  of  succession  or  heirship
proceedings; (ii) defects or irregularities arising out of  prior
oil  and gas leases which, on their face, expired more than three
(3)  years prior to the Effective Time, and which have  not  been
released  of record; (iii) defects or irregularities arising  out
of  acknowledgments, questions of identity, trusts  or  trustees,
executors and personal representatives, and the manner  in  which
they  executed documents or were identified thereon; (iv) defects
or  irregularities  arising out of mortgages or  deeds  of  trust
which,  by their terms, matured more than six (6) years prior  to
the  Effective  Time but which remain unreleased of  record;  (v)
defects  or irregularities arising out of the lack of  survey  of
specific   land   or   lease   description;   (vi)   defects   or
irregularities  arising out of the lack  of  recorded  powers  of
attorneys   from   corporations,  banks,   trusts   or   personal
representatives to execute and deliver documents on their  behalf
or  on behalf of others; (vii) defects or irregularities cured by
possession  under applicable statutes of limitation and  statutes
relating to prescription.

     10.6   Notice   of  Title  Defect.   Except  for   Permitted
Encumbrances, any defect in title, lien, encumbrance,  or  defect
that  would cause Sellers' title to any Interest not to  be  Good
and  Defensible  Title shall be a title defect ("Title  Defect").
Not  later  than  five  (5) days before  the  Closing  Date  (the
"Warranty  Claim Date"), Buyer must notify Sellers in writing  of
any matter that Buyer considers to be a Title Defect ("Notice  of
Title  Defect"),  which  notice shall  include,  (i)  a  specific
description of the matter Buyer asserts as a Title Defect, (ii) a
specific  description  of the Interest  or  the  portion  of  the
Interest  that  is  affected by the Title Defect,  (iii)  Buyer's
calculation of the amount ("Title Defect Amount") that the  value
of  the  Interest should be reduced because of the  Title  Defect
based  on  the  Allocated Value shown on Exhibit  "B,"  and  (iv)
appropriate supporting documentation.

     Notwithstanding anything to the contrary in this  Agreement,
the  Buyer shall be deemed to have waived any Title Defect  which
the  Buyer has not specifically asserted in its Notice  of  Title
Defect presented before the Warranty Claim Date.

     10.7 Title Failure.  Any item that Sellers acknowledges is a
Title  Defect  but that Sellers are unwilling to  cure  shall  be
deemed  a title failure ("Title Failure") and, subject to Section
10.9  below, the Purchase Price shall be reduced for  such  Title
Defect  pursuant  to  Section 2.3 unless, in Sellers'  reasonable
judgment,  it  is unlikely that material losses, costs,  expenses
and  liabilities will be experienced with respect to  such  Title
Defect and Sellers agree to indemnify Buyer with respect thereto.

     10.8  Defect Notice; Sellers' Opportunity to Cure.   To  the
extent that Sellers dispute that any item described in the Notice
of  Title  Defect actually constitutes a Title Defect or disputes
the  Title  Defect  Amount assigned by Buyer to  any  such  Title
Defect  ("Contested Defect"), Sellers shall deliver  to  Buyer  a
notice  so  stating ("Defect Notice").  Subject to the provisions
of  10.9 below, the portion of the Purchase Price attributable to
Title  Defects  which Sellers are willing to cure but  which  are
uncured  at Closing, or which are not waived by Buyer at  Closing
(including Contested Defects), shall be deposited into an  escrow
account  pursuant to an escrow agreement agreed to by the Parties
and  the Assignment will be revised to delete all of that portion
of  the  Interests  affected  by such  Title  Defects  (including
Contested  Defects).   If Sellers fail to  cure  a  Title  Defect
within ninety (90) days after Closing, it shall be deemed a Title
Failure and the funds attributable to such Title Defect shall  be
released  from  escrow to Buyer and the property  on  which  such
Title Defect exists shall not be conveyed to Buyer.

     10.9 Title Purchase Price Adjustments.  Notwithstanding  any
provision hereof to the contrary, there shall be no reduction  in
the  Purchase  Price for Title Failures and no escrow  for  Title
Defects  or  Contested  Defects unless and  until  the  aggregate
amount  of  such  Title  Defects (including  Title  Failures  and
Contested  Defects)  exceeds four percent (4%)  of  the  Purchase
Price and only for the amount in excess of such amount.

     10.10     Termination Amount.  Notwithstanding any provision
hereof  to  the contrary, in the event the aggregate  adjustments
for   Title  Defects  pursuant  to  this  Article  10   and   for
Environmental  Defects pursuant to Article 11  amount  to  twenty
percent  (20%)  or  more  of  the Adjusted  Purchase  Price  (the
"Termination  Amount"), either Party shall  have  the  option  to
terminate  this  Agreement, without any liability,  upon  written
notice to the other Party.

     10.11     Preferential Rights and Consents to Assign.   Some
Interests  may  be  subject to existing  preferential  rights  to
purchase  the Interests or consents may be required in  order  to
assign  the Interests.  Sellers shall provide Buyer with a  list,
and  shall make a good faith effort to obtain consent and waivers
of  any  preferential rights which Sellers know must be  obtained
prior  to  Closing and are not ordinarily obtained after Closing.
Buyer  shall notify Sellers of any additional consent requirement
or  preferential right to purchase it discovers prior to Closing.
If a preferential right is exercised or a consent is denied prior
to  Closing, the Purchase Price shall be adjusted downward in  an
amount  equal to the price paid to Sellers for the Interest  with
respect to which the preferential right has been exercised or the
consent  has been denied and such Interest shall be deleted  from
this Agreement.  In the case of a preferential right to purchase,
Sellers shall be entitled to all proceeds paid by the third party
exercising its preferential right to purchase.  If a third  party
preferential purchase right burdening any Interest has  not  been
exercised or waived by Closing, Buyer shall pay for and accept an
assignment covering such Interest and, if the preferential  right
is  exercised  after  Closing, Buyer shall  be  entitled  to  all
proceeds  paid  for such interest by the third  party  exercising
such preferential purchase right.  Buyer shall be responsible for
conveying  title  to the Interest affected by  said  preferential
right  to  the party exercising the same and shall indemnify  and
hold Sellers harmless from and against any claim or liability for
Buyer's failure to make such conveyance.

                           ARTICLE 11
                          ENVIRONMENTAL

     11.1   Inspection;  Indemnity.   Buyer  and  its  authorized
representatives, at Buyer's sole risk and expense, shall have the
right  to enter upon and inspect the real and personal properties
comprising the Interests, and to conduct such well, environmental
and  other tests and assessments as Buyer shall deem appropriate,
subject  to  the  approval of the operator in the  case  of  non-
operated  properties.   Buyer shall repair  any  damages  to  the
Interests resulting from its inspection and shall defend and hold
Sellers  harmless  from and against any and all losses,  damages,
claims, obligations, liabilities, expenses (including court costs
and  attorneys' fees) or causes of action directly resulting from
Buyer's inspection of the Interests.

     11.2  Environmental Assessment.   As part of its  inspection
of  the Interests, Buyer and its authorized representatives shall
have  the right to conduct soil and water tests and borings,  and
generally to conduct such tests, examinations, investigations and
studies  as  may  be  necessary or appropriate  in  Buyer=s  sole
judgment  to  make an environmental assessment of the  Interests.
Buyer  shall  keep any data or information acquired through  such
examination  and  the results of all analyses of  such  data  and
information strictly confidential and shall not disclose the same
to  any  person or agency without the prior written  approval  of
Sellers  unless such disclosure is required by law.  Buyer  shall
take  all  steps  necessary  to ensure  that  Buyer's  authorized
representatives  comply with the provisions of this  Article  11.
If   Buyer   has  discovered  in  its  environmental   assessment
circumstances  which  require  remediation,  control   or   other
response under environmental laws, rules or regulations  then  in
effect (an "Environmental Defect"), Buyer shall notify Sellers of
such  circumstances as soon as practicable, but in no event  less
than ten (10) days prior to Closing.

     11.3  Environmental  Defects.  If  Buyer  properly  notifies
Sellers of an Environmental Defect related to an Interest,  Buyer
may (i) waive the Environmental Defect and Close, or (ii) request
Sellers  to cure the Environmental Defect.  If Buyer asks Sellers
to  cure an Environmental Defect, and if the aggregate amount  of
all  such Environmental Defects exceeds four percent (4%) of  the
Purchase  Price,  Sellers  have  the  option  (i)  to  cure   the
Environmental Defect, or (ii) to exclude the Interest affected by
the  Environmental Defect from this Agreement.  If Sellers  elect
to  cure  the  Environmental Defect, but the cure  has  not  been
completed  by Closing, the Interest affected by the Environmental
Defect  shall  not be conveyed to Buyer at Closing, the  Purchase
Price  shall be reduced by the amount allocated to such  Interest
and  such  amount  shall  be deposited into  the  escrow  account
referred  to  in  Section 10.7.  If the Environmental  Defect  is
cured within ninety (90) days after Closing, within five (5) days
after  the Environmental Defect is cured, Sellers will convey  to
Buyer  the Interest affected by the Environmental Defect and  the
applicable  amount shall be released from escrow to Sellers.   If
Sellers   elect   to  exclude  the  Interest  affected   by   the
Environmental Defect from this Agreement, subject to Section 11.4
below, the Purchase Price will be reduced by the allocated  value
of the Interest affected.

     11.4     Environmental    Purchase     Price     Adjustment.
Notwithstanding any provision hereof to the contrary, there shall
be  no  reduction in the Purchase Price for uncured Environmental
Defects unless, and only to the extent that, the aggregate amount
of  such uncured Environmental Defects exceeds four percent  (4%)
of  the Purchase Price and then only for the amount in excess  of
such amount.

                           ARTICLE 12
                TERMINATION, DEFAULT AND REMEDIES

     12.1   Right   of  Termination.   The  Agreement   and   the
transactions contemplated herein may be terminated at any time at
or prior to Closing:

     (i)  By Sellers, at Sellers' option, in the event any of the
          conditions  set  forth  in  Article  7  have  not  been
          satisfied as provided therein.

     (ii) By  Buyer, at Buyer's option, in the event any  of  the
          conditions  set  forth  in  Article  6  have  not  been
          satisfied as provided therein.

   (iii)  By either Party in the event that the adjustments
          to the Purchase Price exceed the Termination Amount, as
          provided for in Section 10.10.

    (iv)  At  any  time by the mutual written agreement  of  the
          Parties.

     12.2 Effect of Termination.  In the event of the termination
of this Agreement by Sellers pursuant to Section 12.1 (i)  hereof
due  to  Buyer's failure to meet a condition of Closing,  Sellers
may  terminate this Agreement whereupon Castle shall  retain  the
Earnest  Money  Deposits and any accrued interest  thereon  which
shall  be Castle's sole remedy,  and whereupon Buyer shall  issue
to  BWAB  the  Stock Penalty which shall be BWAB's  sole  remedy;
provided,  however, that the rights of Sellers set forth  in  the
Registration  Rights Agreements with respect to  registration  of
the  shares of Buyer's Stock received by Sellers under the  Stock
Deposit  and  the  Stock Penalty, as well as the  representations
made  by  Sellers  in  the Investment Representation  Agreements,
shall  survive  such termination.  In the event Buyer  terminates
this  Agreement  pursuant  to Section 12.1  (ii)  hereof  due  to
Sellers' failure to meet a condition of Closing, Buyer may pursue
its  rights and remedies against Sellers for Sellers'  breach  of
this  Agreement and receive back the Earnest Money Deposits, with
accrued  interest.   In  the event of  the  termination  of  this
Agreement  pursuant to either Section 12.1 (iii) or (iv)  hereof,
the  termination shall be without penalty and the  Parties  shall
have  no further obligations to, nor rights against, one another,
except  that  Sellers shall return the Earnest Money Deposits  to
Buyer, with accrued interest.

     12.3 Dispute Resolution.  If the Parties disagree as to  the
cause  for  termination, they will first attempt to resolve  such
disagreement through a meeting, to be held within ten  (10)  days
of  such termination, of senior executives of each party, and  if
such  meeting  fails  to resolve the matter,  through  a  neutral
arbitrator appointed by such executives within thirty  (30)  days
of the date of such meeting.

     12.4  Return  of  Documentation.  Upon termination  of  this
Agreement,  Buyer  shall return to Sellers all title,  geological
data,   reports,  contracts,  and  maps  and  other   information
furnished by Sellers to Buyer and all copies thereof.

                           ARTICLE 13
                    ASSUMPTION OF OBLIGATIONS

     13.1  Assumption  of Obligations.  At Closing,  Buyer  shall
assume  (a) the obligation to (i) plug and abandon or remove  and
dispose  of  all Wells (whether then producing or temporarily  or
permanently   abandoned),  platforms,  structures,  flow   lines,
pipelines,  and the other equipment now or hereafter  located  on
the Interests; (ii) cap and bury all flow lines and (iii) dispose
of other pipelines now or hereafter located on the Interests, and
all   other   pollutants,  wastes,  contaminants,  or  hazardous,
extremely hazardous, or toxic materials, substances, chemicals or
wastes  now  or  hereafter  located on  the  Interests;  (b)  all
obligations  and  liabilities arising from or in connection  with
any  gas  production,  pipeline,  storage,  processing  or  other
imbalance  attributable to substances produced from the Interests
on  or  after  the  Effective Time;  and  (c)  all  other  costs,
obligations and liabilities that relate to the Interests and,  in
each  case, arise from or relate to events occurring on or  after
the  Effective Time.  All such plugging, replugging, abandonment,
removal,  disposal,  and  restoration  operations  shall  be   in
compliance  with applicable laws and regulations  and  contracts,
and shall be conducted in a good and workmanlike manner.

                           ARTICLE 14
                          MISCELLANEOUS

     14.1  Fees  and  Taxes.   Except as  otherwise  specifically
provided,  all  fees,  costs and expense  incurred  by  Buyer  or
Sellers  in  negotiating this Agreement or  in  consummating  the
transactions contemplated by this Agreement shall be paid by  the
Party  incurring  the same, including, without limitation,  legal
and   accounting   fees,  costs  and  expenses.    All   required
documentary,  filing  and  recording fees  for  the  assignments,
conveyance or other instruments required to convey title  to  the
Interests  to  Buyer shall be borne by Buyer.  In  addition,  the
liability  for any sales, use, transfer or similar tax associated
with  the  sale  and/or transfer of the Interests  shall  be  the
liability  of,  and  for  the account  of,  the  Buyer  and  such
liability  shall  not  be  subject to proration  as  provided  in
Section 2.3.

     14.2  Notices.  All notices and communications  required  or
permitted under this Agreement shall be in writing and  shall  be
deemed  to have been duly made when actually delivered, including
delivery  by  courier, facsimile, telecopy, or  other  electronic
medium,  or  if  mailed by registered to certified mail,  postage
prepaid, addressed as follows:

SELLERS:

CASTLE OFFSHORE, L.L.C.
One Radnor Corporate Center, Suite 250
100 Matsonford Road
Radnor, Pennsylvania  19087
Attn: Richard E. Staedtler
Chief Financial Officer
Telephone:     (610) 995-9400
Facsimile:     (610) 995-0409

BWAB LIMITED LIABILITY COMPANY
Suite 1390
475 Seventeenth Street
Denver, Colorado 80202
Attn: Steven A. Roitman
Manager
Telephone:     (303) 295-7444
Facsimile:     (303) 294-9878

BUYER:

DELTA PETROLEUM CORPORATION
555 17th Street, Suite 3310
Denver, Colorado 80202
Attn: Aleron H. Larson, Jr.
Chief Executive Officer/Chairman
Telephone:     (303) 293-9133
Facsimile:     (303) 298-8251

     Either  Party  may, by written notice so  delivered  to  the
other,  change the address to which delivery shall thereafter  be
made.

     14.3  Amendments.  This Agreement may not be amended  except
by an instrument in writing signed by Buyer and Sellers.

     14.4  Preparation of Agreement.     Both Sellers  and  Buyer
and  their respective counsel participated in the preparation  of
this Agreement.  In the event of any ambiguity in this Agreement,
no presumption shall arise based on the identity of the draftsman
of this Agreement.

     14.5 Headings.  The headings of the articles and sections of
this Agreement are for guidance and convenience of reference only
and  shall  not  limit or otherwise affect any of  the  terms  or
provisions of this Agreement.

     14.6  Counterparts.  This Agreement may be executed by Buyer
and Sellers in any number of counterparts, each of which shall be
deemed  an  original instrument, but all of which together  shall
constitute but one and the same instrument.

     14.7   References.   References  made  in  this   Agreement,
including  use  of a pronoun, shall be deemed to  include,  where
applicable,  masculine, feminine, singular or plural, individuals
or  corporations.  As used in this Agreement, "person" shall mean
any  natural person, corporation, partnership, trust,  estate  or
other entity.

     14.8  Governing  Law.  This Agreement and  the  transactions
contemplated  hereby shall be construed in accordance  with,  and
governed  by,  the laws of the State of Colorado  without  giving
effect  to  the  conflicts of law rules  thereof.   Any  disputes
concerning this Agreement or the subject matter hereof  shall  be
brought  in  a  court of competent jurisdiction of the  State  of
Colorado.

     14.9  Entire  Agreement.   This  Agreement  (including   the
Exhibits hereto) constitutes the entire understanding between the
Parties  with  respect to the subject matter hereof,  superseding
all  negotiations,  prior discussions and  prior  agreements  and
understanding relating to such subject matter.

     14.10      Assignment; Parties in Interest.   Neither  Party
shall  assign  this  Agreement without the  other  Party's  prior
written  consent; provided, however, that this requirement  shall
not  apply  to  a subsidiary or other affiliate of the  assigning
Party so long as the assigning Party remains responsible for  its
assignee=s obligations hereunder.  Subject to the foregoing, this
Agreement  shall be binding upon, and shall inure to the  benefit
of, the Parties and their respective successors and assigns.

     14.11      Further Cooperation.  After the Closing,
Buyer and Sellers shall execute and deliver,  or shall caused to
be executed and delivered from  time to  time, such further
instruments of conveyance and transfer and
shall  take such other action as any Party may reasonably request
to  convey and deliver the Interests to Buyer, to accomplish  the
orderly  transfer  of  the Interests to Buyer,  or  to  otherwise
effectuate  the transactions contemplated by this Agreement.   If
either Party hereto receives monies belonging to the other,  such
amount shall immediately be paid over to the proper Party.  If an
invoice  or  other  evidence of an obligation is  received  by  a
Party,  which  is  partially an obligation of  both  Sellers  and
Buyer,  then the Parties shall consult with each other  and  each
shall promptly pay its portion of such obligation to the obligee.

     14.12.  Press Release.  Neither Party shall make any
press release or other announcement
in connection with the execution of this Agreement or the Closing
without  first  consulting with the other Party.  Following  such
consultation   and   good  faith  attempt  to   make   reasonable
accommodations, either Party may make any announcement  or  press
release that it believes is either required by applicable law  or
the  rules  of any stock exchange, or is advisable in  connection
with   such  Party=s  obligation  to  provide  public  disclosure
regarding its activities.  This provision shall not apply to  any
filing  with any governmental body or stock exchange required  by
law, rule or regulation.

     14.13           Subrogation.  Buyer shall be  subrogated  to
all  rights,  actions and warranties that Sellers may  have  with
respect to Sellers' predecessors-in-interest as to the Interests.

     EXECUTED  as  of  the  date first  above  stated,  but  made
effective as of the Effective Time.

                         SELLERS:

                         CASTLE OFFSHORE, L.L.C.

                         By s/Richard E. Staedtler
                              Richard E. Staedtler
                              Chief Financial Officer

                         BWAB LIMITED LIABILITY COMPANY

                         By s/Steven A. Roitman
                              Steven A. Roitman
                              Manager

                         BUYER:

                         DELTA PETROLEUM CORPORATION

                         By s/Aleron H. Larson, Jr.
                              Aleron H. Larson, Jr.
                              CEO/Chairman

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