Document:

ex10-2.htm

EXHIBIT 10.2

 

AMENDED AND RESTATED

 

TRANSITION SERVICES AGREEMENT

 

This AMENDED AND RESTATED TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of April 10, 2014 by and between MESA ENERGY, INC., a Nevada corporation (“Mesa”), and TNR HOLDINGS LLC, a Delaware limited liability company (“TNR”; together with Mesa, collectively, the “Parties” and each, individually, a “Party”).

 

RECITALS:

 

WHEREAS, Mesa is a member of TNR;

 

WHEREAS, TNR is in need of certain administrative functions and information which Mesa has the capacity provide;

 

WHEREAS, Mesa is in need of certain information which TNR has the capacity provide;

 

WHEREAS, it is in the best interests of the Parties to make such services and information available to each other;

 

WHEREAS, the Parties entered into a Transition Services Agreement dated December 20, 2013 which they now wish to amend and restate.

 

NOW, THEREFORE, the Parties, in consideration of the mutual covenants and agreements herein contained, the receipt and sufficiency of which are hereby acknowledged, do hereby agree as follows:

 

1. Corporate Services.  Mesa shall make available to TNR, assets owned, licensed or otherwise controlled by Mesa and certain personnel employed by Mesa, as set forth on Exhibit A hereto.  TNR shall, as requested by Mesa, provide Mesa with services in connection with Armada’s filings with the U.S. Securities and Exchange Commission.  The services provided by Mesa and/or TNR, as applicable, pursuant to this Section 1 shall be collectively referred to herein as the “Corporate Services”.

 

2. Cost of Corporate Services.  In exchange for Mesa providing Corporate Services to TNR through April 15, 2014 (the “Initial Termination Date”), TNR shall pay Mesa the amounts set forth on Exhibit A.  After the Initial Termination Date, subject to the provisions of Section 6 hereof, TNR shall pay Mesa $100 per hour in exchange for any Corporate Services provided to TNR by Mesa beyond services needed to assist in preparation of monthly and annual financial statements.  Mesa shall pay TNR $100 per hour in exchange for any Corporate Services provided to Mesa by TNR beyond services needed to assist in preparation of monthly and annual financial statements.

 

  

  

  

 

3. Service Standards.

 

(a) Both Parties shall ensure that the Corporate Services provided as described herein are in accordance with the Service Standards (as hereinafter defined).

 

(b) For the purposes of this Agreement, “Service Standards” means, in relation to the performance of the Corporate Services, carrying out those Corporate Services (i) with reasonable care and skill, (ii) in good faith, (iii) in accordance with Good Industry Practice (as hereinafter defined), (iv) in accordance with any rules, codes, policies, procedures, and standards established by TNR or Mesa, as appropriate, from time to time, (v) in cooperation with Mesa and TNR, as appropriate, and their respective agents, subsidiaries, affiliates, and contractors including, without limitation, in relation to the provision of information requested by TNR and Mesa, as appropriate, (vi) in a manner which is not and is not likely to become injurious to health or detrimental to the environment, reputation or any property at any premises of TNR, Mesa or their respective affiliates to which Mesa or TNR, as applicable, has access in order to provide the Corporate Services; and (vii) in a manner which shall not diminish the public image and reputation of TNR or Mesa.

 

(c) For the purposes of this Agreement, “Good Industry Practice” means the exercise of such levels of skill, diligence, prudence and foresight as can reasonably be expected from a prudent services provider in the same or similar circumstances, which as a minimum are widely used, recognized and accepted by service providers as an industry standard.

 

4. Employees and Hours.  After the Initial Termination Date, the number and hours of service of employees assigned to perform Corporate Services shall be mutually determined by the Parties; provided the tasks/obligations for which the abovementioned consideration is given is carried out within such time as can be reasonably expected by the Parties herein and in accordance with the Service Standards.  Such employees shall be, and at all times remain, the employees of the Party providing the Corporate Services.  The Party providing the Corporate Services shall be solely responsible for hiring, training and terminating such employees, and for setting compensation and benefits and all other terms, conditions and requirements of employment for employees assigned to perform Corporate Services to the Party receiving such Corporate Services.  The Party providing Corporate Services shall be solely responsible for meeting any and all legal obligations to such employees which are imposed upon such Party as their employer or contractor, as the case may be.  The Party providing Corporate Services shall be responsible for all benefits and compensation payable to such employees (subject to reimbursement as provided herein), as well as all federal and state withholdings, payroll and other taxes and obligations with respect to such employees.

 

5. Independent Contractors.  Each Party hereby engages the other as an independent contractor in connection with the Corporate Services, and TNR and Mesa are responsible only for their own actions.  Neither Mesa nor its employees, subcontractors or agents shall be deemed servants or employees of TNR.  Neither TNR nor its employees, subcontractors or agents shall be deemed servants or employees of Mesa.  Nothing in this Agreement shall be construed to create a joint venture, partnership or any other relationship of any nature which would create any liability or responsibility on the part of any Party for the debts, obligation or liabilities of the other Party.

 

  

  

  

 

6. Term & Termination.  The term of this Agreement shall commence on the date hereof, and shall extend for an initial period through the Initial Termination Date (the “Initial Term”).  Thereafter, the term of this Agreement shall continue, provided that, after the Initial Term, either Party may terminate this Agreement at any time, for any reason, or for no reason, upon written notice (including via email) to the non-terminating Party; such termination shall be effective upon receipt of such notice by the non-terminating Party.  However, the obligation of TNR to provide information required for Armada’s filings with the U.S. Securities and Exchange Commission shall survive any termination hereof.

 

7. Confidentiality.  Mesa acknowledges that as a result of providing the Corporate Services contemplated hereunder, Mesa or its affiliates may receive information that has been created, discovered or developed by TNR or its affiliates and/or in which property rights have been assigned or otherwise conveyed to TNR, which information has commercial value to TNR and is not in the public domain (collectively the “Proprietary Information”).  Proprietary Information will be and remain the sole property of TNR or its affiliates or assigns. Mesa hereby agrees that it and its affiliates and the personnel providing Corporate Services hereunder will use the same degree of care which it normally uses to protect its own proprietary information to prevent disclosing to third parties any Proprietary Information.  Mesa and its affiliates will not make any use of Proprietary Information, except as contemplated or required by the terms of this Agreement or as may be permitted by Section 7.4(d) of the Amended and Restated Limited Liability Agreement of TNR.

 

8. Accounting Information; Bank Accounts.  On or before April 15, 2014, Mesa shall deliver to TNR all financial and accounting information in its records relating to TNR and its affiliates (including, without limitation and for the avoidance of doubt, Tchefuncte Natural Resources, LLC and Mesa Gulf Coast, LLC) including, but not limited to, the information set forth on Exhibit B hereto and such other information as TNR may request.  On or before April 25, 2014, TNR shall provide Mesa all financial and accounting information required in connection with the preparation of Armada’s 10-Q filing with the Securities and Exchange Commission for the first quarter of 2014 and shall continue to provide on the same basis said information for each succeeding quarter thereafter.  Notwithstanding anything to the contrary contained in Section 6, at any time after April 15, 2014, upon TNR’s request, Mesa shall assist TNR in removing any officers and employees of Mesa and its affiliates as signatories on the bank accounts of TNR and its affiliates.  TNR acknowledges and agrees that, as a result of the requirements of this paragraph, Mesa has no further responsibility or obligation to provide monthly, quarterly or annual financial statements to TNR.

 

9. General Indemnification.

 

(a) TNR shall indemnify and hold harmless Mesa against any claims, loss, damage, cost, liability, injury or expense that may be reasonably incurred or sustained by Mesa or its affiliates, or any of its or its affiliates’ officers, directors, employees, representatives, agents or contractors, in connection with the provision of Corporate Services hereunder to the extent caused by or arising out of any breach of this Agreement, gross negligence, acts in violation of law, or willful misconduct of TNR or any of its employees, officers, representatives, agents or contractors.  This obligation shall survive expiration or earlier termination of this Agreement.

 

  

  

  

(b) Mesa shall indemnify and hold harmless TNR against any claims, loss, damage, cost, liability, injury or expense that may be reasonably incurred or sustained by TNR or its affiliates, or any of its or its affiliates’ managers, officers, directors, employees, representatives, agents or contractors, in connection with the provision of Corporate Services hereunder to the extent caused by or arising out of any breach of this Agreement, gross negligence, acts in violation of law, or willful misconduct of Mesa or any of its employees, officers, representatives, agents or contractors.  This obligation shall survive expiration or earlier termination of this Agreement.

10. Third Parties.  This Agreement and each of its provisions is for the exclusive benefit of the Parties to this Agreement and not for the benefit of any third party, and under no circumstances shall the terms of this Agreement be deemed to make TNR or Mesa responsible to any third party for damages or other liabilities to such third party.

 

11. Entire Agreement.  This Agreement embodies the entire agreement and understanding of the Parties hereto in respect of the subject matter contained herein.  Except as otherwise provided, this Agreement supersedes all prior agreements and understandings between the Parties with respect to the subject matter hereof.

 

12. Amendments and Modifications.  This Agreement may not be amended or modified, except in writing signed by the Parties hereto; provided, however, that after the Initial Term, TNR may amend Exhibit A to eliminate specific Corporate Services and the related costs upon notice to Mesa.

 

13. Severability.  In the event that any one or more of the provisions hereof shall for any reason be held to be invalid, illegal or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions hereof, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision or portion thereof had never been contained herein.

 

14. Binding Effect; Assignment.  The provisions of this Agreement shall be for the benefit of and binding upon each of the Parties hereto and their respective successors and permitted assigns.  Neither Party may assign its rights or obligations under this Agreement without the prior written consent of the other Party.  Any attempted assignment without consent where required shall be void.

 

  

  

  

15. Governing Law.  This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without giving effect to its principles of conflicts of law.

 

16. Waiver.  Failure to insist upon strict compliance with any of the terms of this Agreement shall not be deemed a waiver of such terms.  No breach of any covenant, agreement, warranty or representation shall be deemed waived unless expressly waived in writing and signed by the Party who might assert such a breach.

 

17. Headings.  The headings in this Agreement are used solely for convenience of the Parties and shall not be considered a part of, or affect the construction or interpretation of, this Agreement.

 

18. Counterparts.  This Agreement may be executed in counterparts, each of which will be considered an original, but all of which together will constitute the same instrument.  Without limiting the foregoing, a faxed copy of this Agreement or copy of this Agreement sent via email in a .pdf format will be considered an original.

 

[Signatures on the following page]

 

  

  

  

 

IN WITNESS WHEREOF, the Parties hereto have caused this Amended and Restated Transition Services Agreement to be executed as of the date first above written.

 

TNR HOLDINGS LLC

 

 

By: /s/ David Freeman    ____________________

 Name:  David Freeman

 Title:    President

 

MESA ENERGY, INC.

 

By: /s/ Randy M. Griffin                                                 

  Randy M. Griffin, CEO

 

  

  

  

 

Exhibit A

Monthly Services and Costs

	
Legal & Professional Consultants

	 	
Apr 1-15

	 
	
Software and Systems

	 	$	360	 
	
IT Contract

	 	 	0	 
	
Hedging

	 	 	1,000	 
	
Total Legal & Professional Consultants

	 	 	1,360	 
	  	 	 	 	 
	
Office Expense – Dallas

	 	 	2,000	 
	  	 	 	 	 
	
Wages – Dallas

	 	 	 	 
	
CEO

	 	 	2,500	 
	
CFO

	 	 	1,120	 
	
EVP

	 	 	1,500	 
	
Admin Asst

	 	 	1,125	 
	
O&G Revenue

	 	 	3,720	 
	
Controller

	 	 	710	 
	
Total Wages – Dallas

	 	 	10,675	 
	  	 	 	 	 
	
P/R Taxes (8.5%)

	 	 	907	 
	  	 	 	 	 
	
Utilities Allocation

	 	 	125	 
	  	 	 	 	 
	
Total Services

	 	$	15,067	 

  

  

  

Exhibit B

Accounting Information

	
1.  

	
All Tchefuncte Natural Resources, LLC and Mesa Gulf Coast, LLC bank statements and reconciliations for January – March 2014 and any subsequently received bank statements at the time of receipt.  .

	
2.  

	
A/R and A/P by invoice

	
3.  

	
Name, address and TIN for vendors, owners and purchasers

	
4.  

	
Revenue and expense allocation worksheets

	
5.  

	
Revenue and expense decks

	
6.  

	
Schedule of unbilled JIB items

	
7.  

	
Any depreciation info for oil and gas assets, furniture, asset retirement, etc.

	
8.  

	
Land file info, with notes

	
9.  

	
Any items prepared for auditors related to TNR and/or its subsidiaries

	
10.  

	
Trial balance with complete sub-ledger detail

	
11.  

	
Contact information for all insurers, health insurance companies and other services providers of TNR and its subsidiaries.ex10-3.htm

EXHIBIT 10.3

 

Prosperity Bank

3811 Turtle Creek Blvd., Suite 1700

Dallas, Texas 75219

April 10, 2014

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

5220 Spring Valley Road, Ste. 615

Dallas, Texas 75254

TNR Holdings LLC

Tchefuncte Natural Resources, LLC

Mesa Gulf Coast, LLC

Attention: David Freeman, President

71683 Riverside Drive

Covington, LA 70433

Re:           Fifth Amendment to Loan Agreement

Ladies and Gentlemen:

This letter (this “Amendment”) amends the Loan Agreement dated July 22, 2011, originally among Mesa Energy, Inc., a Nevada corporation (“Borrower”); Mesa Energy Holdings, Inc., a Delaware corporation, Tchefuncte Natural Resources, LLC (“TNR”), a Louisiana limited liability company, and Mesa Gulf Coast, LLC (“MGC”), a Texas limited liability company (collectively, “Guarantors”); and Prosperity Bank, a Texas banking association, successor by merger to The F&M Bank & Trust Company (“Lender”), an Oklahoma state bank, as previously amended by a First Amendment to Loan Agreement dated September 21, 2012, a Second Amendment dated October 1, 2012, a Third Amendment dated November 27, 2013, and a Fourth Amendment dated December 19, 2013 (as amended, the “Loan Agreement”).  Capitalized terms below not otherwise defined herein shall have the meanings assigned in the Loan Agreement.

1.           Letters of Credit.  (a) In connection with the Gulfstar Transaction and TNR Restatement, Borrower, Guarantors, and Lender hereby agree that those outstanding Letters of Credit shown on Schedule 1 attached hereto (the “Excluded LCs”) issued by Lender, originally for the account of TNR and now for the account of MGC, as applicant, are hereby excluded from the definition of “Letters of Credit” under the Loan Agreement, subject to the terms of this Amendment.  Without limiting the generality of the foregoing, the Excluded LCs shall not constitute borrowings under the Loan Agreement.  Such exclusion shall not relieve or reduce the obligations of MGC to Lender under the applications for the Excluded LCs, which shall remain in full force in effect in accordance with their terms.  Hereafter, Lender’s rights and remedies with respect to the Excluded LCs shall be governed by (i) the terms of the Excluded LCs, (ii) the terms of the applications related thereto, (iii) the terms of the Security Documents and guaranties securing and guaranteeing the Excluded LCs, and (iv) applicable law and not by the terms of the Loan Agreement.

 

  

  

  

 

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

April 10, 2014

Page 2 of 6

(b)           Upon the execution of this Amendment, TNR and Lender shall enter into (i) a First Amendment to Security Agreement amending the Security Agreement dated June 22, 2011 (the “Security Agreement”) executed by TNR in favor of Lender and (ii) a First Amendment to Mortgage, Collateral Assignment, Security Agreement, and Financing Statement amending the Mortgage, Collateral Assignment, Security Agreement, and Financing Statement dated July 22, 2011 (the “Louisiana Mortgage”) executed by TNR in favor of Lender and securing the Secured Obligations to provide that (i) the Properties and all associated collateral located in the Lake Hermitage Field in Plaquemines Parish, Louisiana shall hereafter secure only the obligations of MGC associated with the Excluded LCs and no other Secured Obligations, and (ii) the remaining Properties and all associated collateral covered by the Security Agreement and the Louisiana Mortgage shall continue to secure all Secured Obligations other than the Excluded LCs.

2.           Restatement of TNR Holdings Guaranty and Release of Louisiana Properties.  

(a)           In connection with the Gulfstar Transaction and TNR Restatement and in consideration of the terms hereof, TNR Holdings shall execute and deliver to Lender a Restated Guaranty in Proper Form upon the execution hereof limiting TNR Holdings’ obligation under such Restated Guaranty to a maximum amount of $4,600,000.00 (the “Limitation Amount”).  In consideration thereof, Lender hereby releases the Guaranties of TNR and MGC (the “Released Guarantors”) and agrees to deliver such original Guaranties to TNR Holdings promptly upon execution hereof.

(b)           If TNR Holdings pays to Lender the Limitation Amount to be applied in satisfaction of Borrower’s outstanding indebtedness on the Revolving Loan, whether upon demand by Lender under the Restated Guaranty or otherwise, then Lender shall execute and deliver to TNR a partial release of both the Louisiana Mortgage and the Security Agreement in Proper Form releasing those Properties not in the Lake Hermitage Field from the liens and security interests of the Louisiana Mortgage and the Security Agreement.  Lender shall provide TNR Holdings with notice of any defaults under the Loan Agreement at the same time and in the same manner as Lender provides Borrower with such notice.

3.           Kansas Acquisition.  (a)  In connection with this Amendment, Armada Midcontinent, LLC (“AMC”), a wholly-owned subsidiary of Borrower, is acquiring the oil and gas properties described on Schedule 2 attached hereto (the “Kansas Properties”) from Piqua Petro, Inc.  As additional security for the Secured Obligations, AMC agrees to sign and deliver to Lender in connection with this Amendment a Kansas Mortgage in Proper Form covering the Kansas Properties.

 

  

  

  

 

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

April 10, 2014

Page 3 of 6

(b)           In consideration of the financial accommodations provided in the Loan Agreement and this Amendment, AMC shall execute and deliver an Unlimited Guaranty in Proper Form upon the execution hereof.

4. Borrowing Base.  Effective as of the date of this Amendment and in consideration of the terms hereof, including, but not limited, the granting of a Mortgage on the Kansas Properties, Lender has set the Borrowing Base at $8,200,000.00, and Lender has set the MCR at $0 per month, until reset by Lender under the terms of the Loan Agreement.  Lender shall not increase the Borrowing Base to an amount in excess of $8,200,000.00 until such time as the Louisiana Mortgage and all associated security interests granted by TNR have been released as security for the Revolving Loan and TNR Holdings shall have been released from its obligations under the Restated Guaranty.

5.           Confirmations.  (a) As security for the Notes, Borrower and Guarantors previously executed the Security Documents.  Borrower and Guarantors ratify and confirm the Security Documents, acknowledge that they are valid, subsisting, and binding, and agree that, except as to the amendments thereto contemplated by subsection (b) of Section 1 of this Amendment, the Security Documents secure payment of the Note and the Loans.

(b)           Borrower hereby represent to Lender that all representations and warranties set forth in Section 6 of the Loan Agreement are true and correct as of the date of execution of this Amendment, and Borrower is currently in compliance with all covenants set forth in Section 7 of the Loan Agreement and all financial covenants set forth in Section 8 of the Loan Agreement.  Notwithstanding the terms of the Loan Agreement, neither TNR Holdings nor the Released Guarantors shall be subject to, or required to comply with, the terms of the Loan Agreement applicable to a Guarantor.

6.           Validity and Defaults.  The Loan Agreement, as amended, remains in full force and effect.  Borrower and Guarantors acknowledge that the Loan Agreement, the Revolving Note, the Security Documents, and the other Loan Documents are valid, subsisting, and binding upon Borrower and Guarantors; no uncured breaches or defaults exist under the Loan Agreement, as amended; and no event has occurred or circumstance exists which, with the passing of time or giving of notice, will constitute a default or breach under the Loan Agreement, as amended.  Borrower and Guarantors ratify the Loan Agreement, as amended.  Guarantors other than the Released Guarantors ratify and confirm the Guaranties and acknowledge that they are valid, subsisting, and binding upon such Guarantors.

7.           Fax and Email Provision.  This Amendment may be executed in counterparts, and Lender is authorized to attach the signature pages from the counterparts to copies for Lender and Borrower.  At Lender’s option, this Amendment and the related Loan Documents may also be executed by Borrower and Guarantors in remote locations with signature pages faxed or scanned and emailed to Lender.  Borrower and Guarantors agree that the faxed or scanned and emailed signatures are binding upon Borrower and Guarantors, and Borrower and Guarantors agree to promptly deliver the original signatures for this Amendment and the related Loan Documents by overnight mail or expedited delivery.  It will be an Event of Default if Borrower and Guarantors fail to promptly deliver all required original signatures.

 

  

  

  

 

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

April 10, 2014

Page 4 of 6

 

8.           Captions.  Captions are for convenience only and should not be used in interpreting this Amendment.

9.           Final Agreement.  (a)  In connection with the Loans, Borrower, Guarantors, and Lender have executed and delivered this Amendment, the Loan Agreement, and the Loan Documents (collectively the “Written Loan Agreement”).

(b)           It is the intention of Borrower, Guarantors, and Lender that this paragraph be incorporated by reference into each of the Loan Documents.  Borrower, Guarantors, and Lender each warrant and represent that their entire agreement with respect to the Loans is contained within the Written Loan Agreement, and that no agreements or promises have been made by, or exist by or among, Borrower, Guarantors, and Lender that are not reflected in the Written Loan Agreement.

(c)           THE WRITTEN LOAN AGREEMENT, AS AMENDED, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES.

 

  

  

  

 

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

April 10, 2014

Page 5 of 6

 

If the foregoing correctly sets forth your understanding of our agreement, please sign and return one copy of this Amendment.  Please call if you have any questions.

Yours very truly,

Prosperity Bank, a Texas banking association, successor by merger to The F&M Bank & Trust Company

By:  /s/ Christopher J. Cardoni                    

Christopher J. Cardoni,

Senior Vice President

Accepted and agreed to effective as of

the 10th day of April, 2014:

BORROWER:

Mesa Energy, Inc.,

a Nevada corporation

By:   /s/ Randy M. Griffin                        

Randy M. Griffin,

Chief Executive Officer

GUARANTORS:

Armada Oil, Inc.,

a Nevada corporation

By:  /s/ Randy M. Griffin                         

            Randy M. Griffin,

Chief Executive Officer

 

  

  

  

Mesa Energy, Inc.

Attention: Randy M. Griffin, C.E.O.

April 10, 2014

Page 6 of 6

 

Tchefuncte Natural Resources, LLC,

a Louisiana limited liability company

By:           TNR Holdings, LLC, Sole Member

By: /s/ David Freeman_______

David Freeman,

President

Mesa Gulf Coast, LLC,

a Texas limited liability company

	
By:

	
TNR Holdings, LLC, Sole Member

By: /s/ David Freeman                  

David Freeman,

President

TNR Holdings, LLC,

a Delaware limited liability company

By: /s/ David Freeman                  

David Freeman,

President

Armada Midcontinent, LLC,

an Oklahoma limited liability company

	
By:

	
Mesa Energy, Inc., Sole Member

By:   /s/ Randy M. Griffin                        

	 	
Randy M. Griffin,

Chief Executive Officer

Schedules

1 - Excluded LCs

2 - Kansas Properties

 

 

  

  

  

 

Schedule 1

 

Irrevocable Letters of Credit

 

	
Letter of Credit Number

	
Original

Issue Date

	
Beneficiary

	
Current Applicant

	
Amount

	
4668

	
July 22, 2011

	
Louisiana Office of Conservation, Commissioner of Conservation

	
Mesa Gulf Coast, LLC

	
$2,486,172.00

	
4669

	
July 22, 2011

	
Louisiana Office of Conservation, Commissioner of Conservation

	
Mesa Gulf Coast, LLC

	
$205,490.00

	
4670

	
July 22, 2011

	
Louisiana Office of Conservation, Commissioner of Conservation

	
Mesa Gulf Coast, LLC

	
$938,132.00

	
4671

	
July 22, 2011

	
Louisiana Office of Conservation, Commissioner of Conservation

	
Mesa Gulf Coast, LLC

	
$433.865.00

	
4672

	
July 22, 2011

	
Louisiana Office of Conservation, Commissioner of Conservation

	
Mesa Gulf Coast, LLC

	
$539,466.00

 

 

 

  

  

  

 

Schedule 2

 

	
1.  

	
The Wingrave Lease

 

	
A.  

	
An Oil and Gas Lease dated September 1, 1953 from John F. Wingrave and Hazel B. Wingrave, his wife, to E.O. Lynn, recorded in Book 25 at Page 319 in the office of the Register of Deeds of Woodson County, Kansas, covering the following described real estate; The Northeast Quarter (NE/4) of Section 17, Township 24 South, Range 16 East; and the Northwest Quarter (NW/4) and the North Half of the Southwest Quarter (N/2 SW/4), and the Southwest Quarter of the Southwest Quarter (SW/4 SW/4) and the North Half of the Southeast Quarter (N/2 SE/4) and the Southeast Quarter of the Southeast Quarter (SE/4 SE/4), of Section 16, Township 24 South, Range 16 East, Woodson County, Kansas.

 

	
B.  

	
An Oil and Gas Lease dated April 20, 1990 from Louise Sandlin to H&G Pulling Co. Inc. recorded in Book 70 at Page 546 in the office of the Register of Deeds of Woodson County, Kansas, covering the following described real estate:

 

The Northwest Quarter of the Southeast quarter (NW/4 SE/4) of Section 16, Township 24 South, Range 16 East, Woodson County, Kansas.

 

	
C.  

	
An Oil and Gas Lease dated June 18, 1977 from John F. Wingrave a/k/a J.F. Wingrave and Hazel B. Wingrave, husband and wife to H&G Pulling and Rotary Drilling Co. recorded in Book 46 at Page 716 in the office of the Register of Deeds of Woodson County, Kansas, covering the following described real estate: The South Half of the Northeast quarter (S/2 NE/4) of Section 16, Township 24 South, Range 16 East, Woodson County, Kansas.

 

	
2.  

	
The Karmann Lease

 

An Oil and Gas Lease dated September 18, 2009, from Erik Shane Karmann as Lessor, to JT Operations as Leasee, recorded in Book S91 at Page 225 in the office of the Register of Deeds of Woodson County, Kansas, covering the following real estate: The Northwest Quarter (NW/4) of Section Twenty-one (21), Township Twenty-four (24), Range Sixteen (16) and containing 160 acres more or less.

	
3.  

	
The Light Lease

 

An Oil and Gas Lease dated February 15, 1977, from Freda A. Light, et al, to Beryl Ashlock, recorded in Book 46 of Leases at Page 662 in the office of the Register of Deeds of Woodson County, Kansas, covering the following real estate: The South Half of the Northeast quarter (S/2 NE/4) of Section 1, Township 24, Range 14.

	
4.  

	
The Stockebrand Lease

 

An Oil and Gas Lease dated February 15, 1977, from Norma J. Wimmer, et al, to Beryl Ashlock, recorded in Book 46 of Leases at Page 660 in the office of the Register of Deeds of Woodson County, Kansas, covering the following real estate: The Northwest Quarter (NW/4) of Section 1, Township 24, Range 14.

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