Document:

EX-10.3
ASSIGNMENT OF WORKING INTEREST

                  OFFICIAL RECORDS INSTRUMENT # 200017569 1 Pg
Vol 1096 Page 446

                         ASSIGNMENT OF WORKING INTEREST
                         ------------------------------

       THIS ASSIGNMENT made and entered into this 1st day of December, 2000, by
and between Miller Oil Properties, Inc.., as Assignor and Nova Oil, Inc., 9518 N
Chance Lane, Spokane ,WA 99218-2200, as Assignee.

WITNESSETH:

       That, for and in consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration, the receipt of which is hereby
acknowledged, the Assignor does hereby BARGAIN, SELL, TRANSFER and CONVEY,
without representation of warranty of any kind, either expressed or implied, and
without recourse to the Assignor, unto the Assignee an undivided 49.5% working
interest, being a net revenue interest of 38.61%, in and to the oil and gas
which may be produced, saved and marketed from the Smith Boswell #1. The legal
description being:

          Smith-Boswell #1 - 43.7342 Acre Unit in the Ruth Mackey Survey,
          Abstract 47, Bastrop County Texas, RRC # 19600

       The working interest herein assigned to be subject to all costs of
drilling, mining, completing and producing operations as well as all other
costs, and to be subject to its proportionate part of all ad valorem,
production, severance and other similar taxes.

EXECUTED This 18 day of Dec., 2000.

                                        By:  /s/W. Dale Miller
                                             ---------------------------
                                             Miller Oil Properties, Inc.

State of Texas

County of Denton

The foregoing instrument was acknowledged before me this 18th day of December,
2000, by W. Dale Miller, President of Miller Oil Properties Inc

WITNESS my hand and seal.

My Commission Expires: May 18, 2002

                                        /s/Sonya Grady
                                        ---------------
                                        Notary Public

                                        Sonya Grady
                                        Printed Name

FILED AND RECORDED
OFFICIAL PUBLIC RECORDS

/S/Shirley Wilhelm

2000 DEC 28 08:55 AM 200017569
      MITCHELL $9.00
Shirley Wilhelm COUNTY CLERK
      BASTROP COUNTY, TEXASEX-10.4
PRODUCTION RESERVE SUMMARY

<TABLE>
<CAPTION>
Production Reserve Summary
                                  Project Name: Smith-Boswell and Steinbach Unit
                                     Well Name: Smith-Boswell and Steinbach Unit
                           Primary NPV Percent:                            0.00%

       Oil And Gas Production     Product
         Gross          Net        Price                Operating Oper. Cash  Cash Flow  Accum.    NPV Cash  Accum.NPV
Year   BBLS  MCF     BBLS  MCF   $/B  $MCF  Net Revenue    Cost     Income    Less Tax   Cash Flow   Flow    Cash Flow
----  -----  ---    -----  ---  ----- ----  ----------- --------- ----------  ---------  --------- --------  ---------
<S>   <C>     <C>   <C>     <C> <C>   <C>     <C>         <C>       <C>       <C>         <C>       <C>        <C>
  1   2,135   0     1,665   0   27.00 0.00    44,968      19,200    23,745    23,745      23,745    23,745     23,745
  2   2,028   0     1,582   0   27.00 0.00    42,720      19,200    21,598    21,598      45,342    21,598     45,342
  3   1,927   0     1,503   0   27.00 0.00    40,584      19,200    19,558    19,558      64,900    19,558     64,900
  4   1,831   0     1,428   0   27.00 0.00    38,555      19,200    17 620    17 620      82 520    17 620     82 520
  5   1,739   0     1,357   0   27.00 0.00    36,627      19,200    15,779    15,779      98,299    15,779     98,299
  6   1,652   0     1,289   0   27.00 0.00    34,796      19,200    14,030    14,030     112,328    14,030    112,328
  7   1,570   0     1,224   0   27.00 0.00    33,056      19,200    12,368    12,368     124,697    12,368    124,697
  8   1,491   0     1,163   0   27.00 0.00    31,403      19,200    10,790    10,790     135,487    10,790    135,487
  9   1,417   0     1,105   0   27.00 0.00    29,833      19,200     9,290     9,290     144,777     9290.    144,777
 10   1,346   0     1,050   0   27.00 0.00    28,341      19,200     7,866     7,866     152,643     7,866    152,643
 11   1,278   0       997   0   27.00 0.00    26,924      19,200     6,513     6,513     159,156     6,513    159,156
 12   1,215   0       947   0   27.00 0.00    25,578      19,200     5,227     5,227     164,383     5,227    164,383
 13   1,154   0       900   0   27.00 0.00    24,299      19,200     4,006     4,006     168,388     4 006    168,388
 14   1,096   0       855   0   27.00 0.00    23,084      19,200     2,845     2,845     171,234     2,845    171,234
 15   1,041   0       812   0   27.00 0.00    21,930      19,200     1,743     1,743     172,977     1,743    172,977
 16     989   0       772   0   27.00 0.00    20,833      19,200       696       696     173,673       696    173,673
</TABLE>
<TABLE>
<CAPTION>
    Oil And Gas Production
-----------------------------                                                     Cash Flow Less
BBLS     MCF    BBLS     MCF      Net Revenue     Operating Cost      Income          Tax           NPV Cash Flow
--------------------------------- ------------------------------------------ ------------------------------------------
<S>                               <C>                                        <C>
23,909    0    18,649    0         503,532           307,200         173,673          173,673           173,673
--------------------------------- ------------------------------------------ ------------------------------------------
             Input Data:                         Escalation                         "Profitability Summary"
--------------------------------- ------------------------------------------ ------------------------------------
Acquisition Cost          $60,000 Operating Cost Escalation      0.00%              Project Life           16
--------------------------------- ------------------------------------------ ------------------------------------
Capital Cost                   $0 Oil Price Escalation           0.00%              Payout Yr.              2.75
--------------------------------- ------------------------------------------ ------------------------------------
Oil Price                  $27.00 Gas Price Escalation           0.00%              Profit           $113,673
--------------------------------- ------------------------------------------ ------------------------------------
Gas Price                   $0.00 PV Profit Table (at various discount rates         ROI %                  2.89
--------------------------------- ------------------------------------------ ------------------------------------
NPV Discount Rate           0.00% PV%             NPVP     PV%     NPVP              IRR %                 29.19
--------------------------------- ------------------------------------------ ------------------------------------
Oil Tax Rate                4.50% 10%          108,660.45  60%   34,070.49          Report Prepared By
---------------------------------
Gas Tax Rate                0.00% 20&           76,882.30  70%   29,831.60          D-Mil Production, Inc.
---------------------------------
Total Oil Prod. Tax    $22,658.93 30%           58,849.63  80%   26,523.43          PO Box 49
---------------------------------
Total Gas Prod. Tax         $0.00 40%           47,460.40  90%   23,871.76          102 Dallas Street
---------------------------------
                                  50%           39,687.58 100%   21,699,82          Argyle TX  76226-0049

                                                                                    (940) 464-3426
                       BPO          APO

Working Interest     100.00%      100.00%
Net Revenue Intere    78.00%       78.00%
-----------------------------------------
</TABLE>

Monday, November 27, 2000           Well Watch Ver 2.1               Page 1 of 1

   This report was prepared by the company named above. The company does not
   represent or warrant that any information or data provided herein is suitable
   for a particular purpose, including but not limited to evaluation of existing
   or potential oil and gas resources or reserves, economic projections, etc.

   The company also hereby disclaims and negates any and all warranties, whether
   express or implied, relating to such information and data, including the
   warranties of merchantability and fitness for a particular purpose.EX-10.5
EXEMPTION ACKNOWLEDGEMENT

05/09/2000 10:48            5093261872                       CHARLES A CLEVELAND

                               STATE OF WASHINGTON
                                                                        RECEIVED

                      DEPARTMENT OF FINANCIAL INSTITUTIONS
                               SECURITIES DIVISION
                   PO Box 9033, Olympia, Washington 98507-9033
      Telephone (360) 902-8760 o TDD (360) 664-8126 o FAX (360) 586-5068 o

SANDRA M VANDOURIS
CHARLES A CLEVELAND PS
ROCK POINTE CORPORATE CTR
N 1212 WASHINTON STE 304
SPOKANE WA 99201-2401

EXEMPTION ACKNOWLEDGEMENT
[WAC 460-44A-300/RCW 21-20.320(17)]
Subject:    NOVA OIL INC
            File No: E-260X3

Your notice of claim of exemption from registration for the exemption above was
received on 05104/00. In order to obtain the protection of the exemption, all
its conditions must be satisfied. The person claiming the availability of the
exemption bas the burden of establishing that the exemption conditions have been
satisfied with respect to each purchaser.

The Securities Administrator has not passed upon the offering opt the offering
circular. This Exemption Acknowledgement does not purport to conclude that the
exemption is available, nor does it relieve the claimant of the obligation to
provide fall disclosure of all material facts and to comply with the antifraud
and other provisions of the Securities Act, Ch. 21.20 RCW.

Please direct any questions to the person identified below.

Dated:  May 5, 2000

Contact Person:      Sara Moriarty, Customer Service Specialist
                      (360)902-8760 #2
                      smoriartyadfi.wa.gov

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