Document:

Exhibit 4.7

 

[Portions of this Exhibit have been omitted pursuant to a request for
confidential treatment filed with the Securities and Exchange Commission. Such
omitted portions are indicated by the characters “[***]”.]

 

[Storm Cat Letterhead]

 

	
  February 15 2005

  	
  email: ron@stormcatenergy.com

  

 

Golden Eagle Energy Ltd.

700 – 736 – 6th Ave S.W.

Calgary, Alberta T2P 3T7

Fax #: 296-0798

 

Attention: Mr. Mike O’Byrne

Vice President, Land

 

Dear Sir,

 

Re:          Farmin
and Assignment Agreement

[***]

Moose Mountain, Saskatchewan

 

Further to our telephone conversation, please accept this Agreement as
describing the earning terms and conditions as between Golden Eagle Energy Ltd.
(“Golden Eagle”) and Storm Cat Energy Corporation (“Storm Cat”) with respect to
Storm Cat’s right to earn and being assigned an interest in the Farmout Lands
as follows:

 

1.     Parties

 

Farmor:           Golden
Eagle Energy Ltd. 

Farmee:          Storm Cat Energy Corporation

 

2.     Farmout Lands

 

Saskatchewan Petroleum and Natural Gas
Special Exploratory Permit [***]

Permit Dated:                [***]

Lands:            [***]

Rights:           [***]

Presently Held:             [***]*

Encumbrances:             Crown Royalty and [***] % GORR payable to
[***]

 

*Note: Golden
Eagle’s working interest in the Farmout Lands is subject to that further
obligation of Golden Eagle to perform such obligations as provided for in that
Property Swap and JO A Agreement, attached hereto as Schedule “A “, between
Scott Oil & Gas Ltd. and Golden Eagle dated February 11, 2005 (the
“Acquisition Agreement”) wherein Golden Eagle shall pay [***]  of the relevant [***] “Work Commitment” as defined in the Acquisition
Agreement.

 

3.     Title

 

Farmor does not warrant title to the Farmout
Lands, but covenants that to the best of its knowledge there are no adverse
claims against the Farmout Lands and that it has not disposed of 

 

1

 

or otherwise encumbered its right in and to
the Farmout Lands other than as provided for in the Acquisition Agreement and
the Joint Operating Agreement dated February 10, 2005 attached hereto as
Schedule “B” (the “JOA”). The Farmor does however warrant that it has the full
right as provided for in the Acquisition Agreement as to a [***] working
interest in and to the Farmout Lands and the right to make the disposition as
herein provided.

 

4.     Technical
Data

 

Farmor agrees to provide Farmee with access
to and, where applicable, copies of all of relevant technical data in its
possession relating to the Farmout Lands including any seismic, well logs,
and/or other information available to the Farmor.

 

5.     Cash
Payment and Assignment of Interest and Operatorship

 

(a)   Farmee
agrees subject to paragraph 5(b) hereof to pay Farmor $750,000 within [***] of
Farmor’s execution and delivery of this Agreement to Farmee.

 

(b)   Upon
execution of this Agreement Farmor agrees to:

 

(i)            assign
to Farmee a 30% working interest (the “Assigned Interest”) in and to the
Farmout Lands; and

 

(ii)           endeavour
to have Farmee recognized under the title documents and JOA as to such Assigned
Interest within [***] days of the Effective Date; and

 

(iii)          have
Farmee appointed as Operator under the JOA within [***] days of the Effective
Date.

 

Such rights and interests shall be assigned
to Farmee as soon as reasonably practical, and Farmor shall do all things
reasonable to effect same within those periods as described above.

 

6.     Fulfillment
of Permit Work Commitments

 

Golden Eagle and Storm Cat agree to share the
work commitment expenditures and obligations under the terms of the Petroleum
and Natural Gas Special Exploratory Permit [***] as follows until Payout (as
defined in paragraph 9 herein):

 

(a)   with
respect to the first 2 years work commitments (being $500,000) plus those expenditures
as provided under paragraph 7 hereof, if applicable, such expenditures shall be
shared:

 

	
  Golden Eagle 5% Storm 

  	
   

  	
   

  
	
  Cat 95%

  	
   

  	
   

  

 

(b)   subsequent
to the period as provided for in paragraph 6(a) herein and before Payout as
provided for in paragraph 9 hereof, such work commitment expenditures shall be
shared:

 

[***]

 

2

 

Such expenditures shall as between Golden
Eagle and Storm Cat be shared according to the provisions of the JOA, subject
to the above working interest shares and provisions. [***] shall design,
propose and carry out for the joint account, the work programs referred to
above.

 

7.    Technical and Geological Expenses

 

Golden Eagle and Storm Cat agree to share
those “technical and geological expenses” in the order of $100,000 as provided
for in paragraph 6 of the Acquisition Agreement applicable to the Farmout Lands
in the following interests:

 

	
  Golden Eagle

  	
   

  	
  5

  	
  %

  
	
  Storm Cat

  	
   

  	
  95

  	
  %

  

 

The parties hereto shall endeavor to have the
expenses referred to in this paragraph 7 included into the work commitment
expenditures under the provisions of the Petroleum and Natural Gas Special
Exploratory Permit [***] as provided for in paragraph 6(a) hereof.

 

8.    Other Expenditures

 

Any expenditures made for the joint account
pursuant to the JOA relevant to the Farmout Lands, other than as provided in
paragraphs 6 and 7 hereof (including annual rentals) shall be shared:

 

[***]

 

Such expenditures shall be proposed and made
pursuant to the provisions of the JOA.

 

9.     Additional
Interest Earned and Conversion

 

In additional to the 30% working interest
assigned to Farmee by Golden Eagle pursuant to paragraph 5(b)(i) hereof, Golden
Eagle shall assign an additional 15% working interest share (total working
interest to Farmee for this period being 45%) from the Farmout Lands until
Farmee has received produced petroleum substances in the amount of 2.5Bcf (or
such equivalent) attributed to such 45% working interest share of petroleum
substances produced from Farmout Lands (herein referred to as “Payout”).

 

Upon reaching Payout Farmee shall re-assign
to [***] such [***] share resulting in the working interest in the Farmout
Lands then being as follows:

 

[***]

 

Upon Payout being reached the JOA shall apply
and supercede this Agreement as and between the parties.

 

10.  Effective Date

 

The Effective Date of this Agreement shall be
February 15, 2005.

 

3

 

11.  Force Majeure

 

All dates, excluding the Effective Date, are
subject to force majeure and other special considerations, including but not
limited to regulatory and environmental considerations.

 

The Parties hereto shall make all reasonable
effort to remain within the time frames set forth herein.

 

If the foregoing terms meet with your approval, kindly indicate your
concurrence by dating, signing and returning the duplicate copy of this
Agreement to the undersigned on or before the close of business on February 17,
2005. Notwithstanding that the parties hereto may pursue more formal
documentation relative to, among other things, the transfer of interests in the
Farmout Lands, until such documentation is complete, this Agreement shall be
binding on StormCat and Golden Eagle, their respective successors and assigns

 

Yours truly,

 

Storm Cat Energy Corporation

 

“Scott Zimmerman “ Scott
Zimmerman President 

 

cc: R. Sutsch

 

Foregoing Terms Agreed to and Accepted this 17 day of February, 2005.

 

Golden Eagle Energy Ltd.

 

	
  Per:

  	
  /s/ Ronald B. Kinniburgh

  	
   

  
	
   

  	
  Ronald B. Kinniburgh

  	
   

  
	
   

  	
  VP Eng. and COO

  	
   

  

 

 

4

 

SCHEDULE”A”

 

Attached to and forming part of a Farmin and Assignment
Dated February 15, 2005 from Storm Cat Energy Corporation to Golden Eagle
Energy Ltd.

 

******
SIGNED COPY TO BE ATTACHED ******

 

February 11,2005

 

	
  Re:

  	
   

  	
  Property Swap and JOA Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Rocanville Area, Saskatchewan and 

  
	
   

  	
   

  	
  Moose Mountain Area, Saskatchewan

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Our file; 3-001 (a)

  

 

Dear Mr. Rogers:

 

Further to our recent
discussions, Golden Eagle Energy Ltd. (“Golden Eagle”) herewith records the
agreement reached between Scott Oil and Gas Ltd. (“Scott Oil”) and Golden Eagle
relative to the subject.

 

Scott Oil and Golden Eagle agree as follows:

 

1.            Block
“A” Lands:

 

Special Exploratory Permit, Block [***]:

 

[***]

 

Scott Oil - 100% Working Interest (236,160
acres, more or less, hereinafter referred to as the “Block “A” Lands”)

 

The Block “A” Lands are encumbered by the
Crown Lessor Royalty and a [***].

 

2.             Block “B” Lands:

 

[***]

 

Golden Eagle - 100% Working Interest
(hereinafter referred to as the “Block “B”
Lands”)

 

The Block “B” Lands are encumbered by the
Lessor’s Royalty only.

 

5

 

3.             Asset Exchange:

 

Golden Eagle shall assign to Scott Oil its
entire interest in the Block “B” Lands in  exchange for Scott Oil assigning to Golden Eagle [***]
of its interest in the Block “A” Lands. The value of the assigned interest in
both Block “A” Lands and Block “B” Lands shall be [***].

 

4.             Work Commitment:

 

Means, the [***] work commitment for the
[***] ([***] per year) of the  [***] term of Special Exploratory Permit, Block [***]
(the “Work Commitment”).

 

5.             Fulfilling the
Work Commitment:

 

Golden Eagle shall at its sole cost and
expense fulfill the said [***] Work Commitment.

 

6.             Technical and
Geological Expenses:

 

Golden Eagle acknowledges that Scott Oil has
incurred certain expenses, in developing the Moose Mountain prospect, such
expenses are deemed to be [***]. Golden Eagle shall reimburse Scott Oil for its
technical, interpretive, geophysical and geological assistance during the [***]
of the Special Exploratory Permit. (i.e. regardless of expenditures said reimbursement
amount shall be [***]).

 

Payments for the said technical and
geological assistance shall be made in five equal payments as Golden Eagle
fulfills the Work Commitment and where possible and acceptable such payments
shall be included as part of the said Work Commitment.

 

7.             Effective
Date:

 

The Effective Date of this Agreement shall be
February 2, 2005.

 

8.             Assignment
of Interest and Joint Operating Agreement:

 

All operations carried out on the Block “A”
Lands, subsequent to Golden Eagle having fulfilled its obligations set forth in
paragraphs 5 and 6 above shall be subject to the Joint Operating Agreement
dated February 10, 2005 between Golden Eagle and Scott Oil.

 

9.             Force
Majeure:

 

All dates, excluding the Effective Date, are
subject to force majeure and other special  considerations, including but not limited to
regulatory and environmental considerations.

 

The Parties hereto shall make all reasonable
effort to remain within the time frames set forth herein.

 

6

 

Notwithstanding Golden Eagle may bring in a
partner for the Work Commitment on the Block “A’: Lands, Scott Oil
shall look solely to Golden Eagle for performance under the terms of this
Agreement.

 

If the foregoing sets forth your
understanding of the agreement reached between Scott Oil and Golden Eagle,
please so indicate by signing this Letter Agreement in the space provided below
following which return one signed copy to Golden Eagle. Notwithstanding that
the parties hereto will pursue more formal documentation relative to, among
other things, the transfer of interests in the Block “A” and Block “B” Lands,
until such documentation is complete, this Letter Agreement shall be binding on
Scott Oil and Golden Eagle, their respective successors and assigns.

 

 

	
   

  	
  Yours
  truly,

  
	
   

  	
   

  
	
   

  	
  Golden
  Eagle Energy Ltd.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Ronald
  Hietala - President

  

 

Accepted
and agreed to as of

 

	
  February
  12, 2005

  
	
   

  
	
  Scott Oil and Gas Ltd.

  
	
   

  
	
   

  	
   

  
	
  Scott Rogers - President

  

 

7

 

SCHEDULE
“B”

 

Attached to and forming part of a Farmin and
Assignment Dated February 15, 2005 from Storm Cat Energy Corporation to Golden
Eagle Energy Ltd.

 

 

******
SIGNED COPY TO BE ATTACHED ****** 

 

JOINT OPERATING AGREEMENT

 

MOOSE MOUNTAIN AREA, SASKATCHEWAN

 

THIS AGREEMENT made as of the 10th day of February, A.D.
2005,

 

BETWEEN:

 

GOLDEN EAGLE ENERGY LTD., a body corporate, having an office at the
City of Calgary in the Province of Alberta (herein called “Golden Eagle”)

 

-and-

 

 

SCOTT OIL AND GAS LTD., a body corporate, having an office at the City
of Calgary in the Province of Alberta (herein called “Scott Oil”)

 

 

WHEREAS the Parties hereto hold the joint lands and the title documents
in the respective undivided working interests set forth herein; and

 

WHEREAS the Parties hereto desire to provide for the maintenance of the
title documents and for the conduct of operations on the joint lands.

 

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the
premises, mutual covenants and agreements herein set forth and contained, the
Parties hereto do hereby covenant and agree as follows:

 

1.             INTERPRETATION:

 

(a) Definitions:

 

In this Agreement, including the recitals and
the Schedules, unless the context otherwise requires or unless otherwise
specifically stated herein, the definitions contained in Clause 101 of the
Operating Procedure shall apply and in addition the following terms and phrases
shall have the following meanings, namely;

 

8

 

(i)            “Effective
Date” means the 10th day of February A.D., 2005; and

 

(ii)           “Encumbrances”
means those royalties, overriding royalties, production payments, net profits
interests or other charges of a similar nature (other than the lessor royalty
under the title documents), if any, applying against the joint lands or the
production or proceeds of production of petroleum substances therefrom that are
described as “Encumbrances” in Schedule “A” of this Agreement; and

 

(iii)          “joint
lands” means the lands set forth and described under the heading “joint lands”
in Schedule “A” hereto and so much thereof and rights thereto and interests
therein as are granted by the title documents and as shall remain subject to
this Agreement from time to time; and

 

(iv)          “Operating
Procedure” means the documents comprising Schedule “B” hereto, including the
Accounting Procedure and all other exhibits and schedules, if any, attached
thereto and made a part thereof; and

 

(v)           “Party”
means a person, corporation, partnership or body politic bound by this Agreement
and, unless otherwise specifically stated in this Agreement, includes a “party”
as defined in and bound by the Operating Procedure; and

 

(vi)          “title
documents” means the documents of title set forth and described under the
heading “title documents” in Schedule “A” hereto by virtue of which the Parties
are entitled to drill for, win, take or remove petroleum substances underlying
the joint lands, and all renewals, extensions or continuations thereof or
further documents of title issued pursuant thereto.

 

b.     Headings:

 

The headings of the Clauses of this Agreement
and the Schedules attached hereto are inserted for convenience of reference
only and shall not affect the meaning, interpretation or construction thereof.

 

c.     References:

 

Whenever the singular or masculine or neuter
is used in this Agreement or the Schedules, the same shall be construed as
meaning plural or feminine or body politic or corporate and vice versa, as the
context so requires.

 

d.     Conflicts
with Title Documents:

 

If any term or condition of this Agreement or
the Schedules attached hereto conflicts with any term or condition in the title
documents or any Regulation applicable thereto, then Clause 107 of the
Operating Procedure shall apply to any such conflict.

 

(e)   Conflicts
with Schedules:

 

If any term or condition of this Agreement
conflicts with any term or condition of any Schedule hereto, the provisions of
this Agreement shall prevail.

 

9

 

2.             SCHEDULES:

 

The following Schedules are attached to and
made part of this Agreement:

 

(a)   Schedule
“A” which sets forth and describes the title documents, the joint lands and
the

Encumbrances, if any; and

 

(b)   Schedule
“B” which is the Operating Procedure.

 

3.             WARRANTY OF TITLE:

 

The Parties to this Agreement do not warrant
title to the title documents or to the rights purportedly granted by the title
documents in and to the joint lands but each Party covenants that it is duly
qualified pursuant to the Regulations to hold the working interests herein
ascribed to it in the title documents and the rights granted thereby in and to
the joint lands.

 

No Party shall do or cause to be done any
act, nor make or cause to be made any omission, whereby the title documents, or
the rights granted thereby in and to the joint lands, become subject to
termination or become encumbered in any such way so as to adversely affect the
interests of any other Party to this Agreement.

 

4.             EFFECTIVE DATE:

 

Notwithstanding the actual date of execution
by a Party, upon execution by all Parties hereto this Agreement shall be
effective as of the Effective Date.

 

5.             WORKING INTERESTS:

 

The working interests of the Parties in the
title documents and the joint lands are as follows:

 

Golden Eagle         –
[***]

Scott Oil                 – [***]

 

6.             APPLICATION
OF OPERATING PROCEDURE:

 

The Parties hereto agree that from and after
the Effective Date and subject to Clause l(e) hereof, the Operating Procedure
shall apply in respect to all matters relating to the exploration, development,
and operation of the joint lands and the maintenance of the title documents.

 

7.             OPERATOR:

 

The Parties hereby appoint Golden Eagle as
Operator and Golden Eagle accepts such appointment and agrees to act in such
capacity in accordance with the provisions of this Agreement and the Operating
Procedure.

 

8.             INCORPORATION OF
CAPL ASSIGNMENT PROCEDURE

 

The 1993 CAPL Assignment Procedure (or the
most current replacement therefor that has been endorsed by the Canadian
Association of Petroleum Landman for use at the relevant time) is incorporated
by reference into this Agreement and will be deemed to 

 

10

 

apply as if it had been included as a
Schedule. Clause 2404 of the Operating Procedure is superseded by the said
Assignment Procedure which will apply to the recognition process with respect
to all dispositions made under Article XXTV of the Operating Procedure but will
not apply (and is not required) for other assignments made between the Parties
by operation of any other provision of this Agreement or the Operating
Procedure.

 

9.             EXTENSION UNDER
ALBERTA LIMITATIONS ACT:

 

The Parties agree that the two (2) year
period for seeking a remedial order under section 3(l)(a) of the Limitations
Act (Alberta), as amended, for any claim (as defined in that Act) arising in
connection with this Agreement is extended to:

 

(a) for claims
disclosed by an audit, two (2) years after the expiry of the time this
Agreement permitted that audit to be performed; and

 

(b) for all other claims, four (4) years.

 

10.           LAWS
AND COURTS:

 

This Agreement shall be construed in accordance with the laws of the
Province of Alberta and the courts having exclusive original jurisdiction with
respect to any matter or thing arising directly or indirectly relating to this
Agreement shall be the Courts of the Province of Alberta and each of the
Parties hereto hereby irrevocably attorns to the jurisdiction of the Courts of
Alberta.

 

11.           MISCELLANEOUS:

 

(a)   This
Agreement supersedes and replaces all previous agreements, whether written or
oral, and all memoranda and correspondence among the Parties with respect to
the subject matter of this Agreement.

 

(b)   Subject
to the terms contained herein, this Agreement shall continue for the life of
the title documents and until all wells on the joint lands have been plugged
and abandoned, all equipment thereon salvaged, and final settlement of accounts
has been made among the Parties.

 

(c)   If
any clause, provision or condition of this Agreement becomes illegal or
unenforceable, it shall be considered separate and severable from this
Agreement and the remaining provisions and conditions shall continue in full
force and be binding upon the Parties hereto as though the said clause,
provision or condition was no longer included.

 

(d)   The
Parties hereto hereby covenant so long as this Agreement is in force and
effect, to comply with all Regulations with respect to anything done, or
purported to be done, pursuant to this Agreement and with respect to the
operations carried out hereunder.

 

(e)   No
waiver by any Party of any term of this Agreement shall take effect or be
binding upon that Party unless the same be expressed in writing and any waiver
so given shall extend only to the particular breach so waived and shall not
limit or affect any rights with respect to any other or future breach.

 

11

 

(f)    The
terms, covenants and conditions of this Agreement shall extend and enure to the
benefit of and be binding upon the Parties hereto and their respective heirs,
executors, administrators, legal representatives, successors and assigns, as
the case may be.

 

(g)   Time
is of the essence of this Agreement.

 

12.           ADDRESSES
OF THE PARTIES:

 

The address for service of notices under this
Agreement and Article XXII of the Operating Procedure for each of the Parties
hereto is as follows:

 

	
  Scott Oil and Gas Ltd.

  	
   

  	
  Golden Eagle Energy Ltd.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  38, Citadel Peak Mews NW

  	
   

  	
  Suite 700, 736 - 6th Avenue, SW

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Calgary, Alberta T3G4H6

  	
   

  	
  Calgary, AB T2P3T7

  	
   

  

 

13.           FURTHER
ASSURANCES:

 

The Parties hereto shall from time to time
and at all times do such further acts and execute and deliver all such further
deeds and documents as shall be reasonably required in order to fully perform
and carry out the terms of this Agreement.

 

14.           EXECUTION
IN COUNTERPART:

 

This Agreement may be executed by the Parties
in as many counterparts as are required and when each party has executed a
counterpart, all counterparts together shall constitute one agreement.

 

IN WITNESS WHEREOF THE PARTIES hereto have
duly executed this Agreement as of the Effective Date.

 

12

 

	
  SCOTT OIL AND GAS LTD.

  	
  GOLDEN EAGLE ENERGY LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Scott Rogers

  	
  Ronald Hietala

  
	
   

  	
   

  
	
  President

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attachment

  	
   

  
				

 

SCHEDULE “A”

 

Attached to
and forming part of a Joint Operating Agreement dated February 10, 2005 between
Golden Eagle Energy Ltd. and Scott Oil and Gas Ltd.

 

	
  “Title Documents”

  	
   

  	
  “Joint Lands”

  	
   

  	
  “Working Interest”

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Saskatchewan Special

  	
   

  	
  [***]

  	
   

  	
  Golden Eagle [***]

  
	
  Exploratory
  Permit Block

  	
   

  	
   

  	
   

  	
   

  
	
  [***]

  	
   

  	
   

  	
   

  	
  Scott Oil [***]

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Encumbrances:   [***]

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [***]

  	
   

  	
   

  	
   

  	
   

  

 

13Exhibit 4.8

 

[Portions of this Exhibit have been omitted
pursuant to a request for confidential treatment filed with the Securities and
Exchange Commission. Such omitted portions are indicated by the characters
“[***]”.]

 

ELK VALLEY FARMIN AND OPERATING AGREEMENT

 

THIS AGREEMENT made as of the 30th
day of June, 2005.

 

BETWEEN:

 

ENCANA
OIL & GAS PARTNERSHIP, a general partnership, formed pursuant to the laws
of the Province of Alberta (hereinafter referred to as “EnCana”)

 

- and -

 

STORM
CAT ENERGY CORPORATION, a body corporate, incorporated pursuant to the laws of
the Province of British Columbia (hereinafter referred to as “Storm Cat”)

 

WHEREAS
EnCana is entitled to a 100% interest in and to the EnCana Assets.

 

AND
WHEREAS Storm Cat wishes to earn and acquire from EnCana an undivided fifty
(50%) percent interest in and to the EnCana Assets.

 

NOW THEREFORE in consideration of the
recitals and of the mutual covenants and agreements contained in this
Agreement, the Parties agree as follows:

 

ARTICLE 1

INTERPRETATION

 

1.1           Definitions

 

In this Agreement, the following words and
phrases shall have the following respective meanings, namely:

 

(a)           “Acquisition” includes an acquisition by any means
whatsoever including farmin, purchase, third party freehold leasing or British
Columbia Crown sale.

 

(b)           “AMI Period” means a period of [***] from and after Storm
Cat’s right to earn an interest hereunder has ended.

 

(c)           “Discrepancy” means any inaccuracy, inconsistency, or
error with respect to any Financial Records.

 

(d)           “Due Diligence Materials” means the following information:

 

(i)      all title opinions and reports;

 

(ii)     all of the EnCana Title Documents and any other agreements and
documents to which the EnCana Assets are subject, including, without
limitation, the Multiple Mineral Development Agreement;

 

(iii)    evidence with respect to the payment of all bonuses, rentals, royalties
and other payments due under the EnCana Title Documents and any

 

 

other
agreements and documents to which the EnCana Assets are subject;

 

(iv)    lease records, data sheets, production records, ownership maps and
surveys;

 

(v)     permits, easements, licenses and orders.

 

(e)           “Earning Phase Termination Notice” means a notice issued by EnCana pursuant to
clause 5.1, which notice terminates the right of Storm Cat to thereafter earn
an interest in the EnCana Assets.

 

(f)            “Earning Point Notice” means a notice issued by Storm Cat as
described in clause 3.4.

 

(g)           “Effective Date” means the 29th day of June, 2005.

 

(h)           “EnCana Assets” means the Farmout Lands and the EnCana Title
Documents, subject only to the EnCana Encumbrances, together with the EnCana
Wells and any EnCana Facilities Inventory relating thereto.

 

(i)            “EnCana Encumbrances” means the encumbrances, if any, described in
Schedule “A”.

 

(j)            “EnCana Facilities inventory” means the facilities and inventory other
than Stock Pile Inventory located on the Farmout Lands and valued at [***].

 

(k)           “EnCana Stockpile Inventory” means the stockpile inventory described in
Schedule “B” and valued at [***].

 

(I)            “EnCana Title Documents” means the documents of title described in
Schedule “A” insofar as they pertain to petroleum and natural gas underlying
the Farmout Lands, and all renewals or extensions thereof or further documents
of title issued pursuant thereto.

 

(m)          “EnCana Weils” means those wells located on the Farmout
Lands described in Schedule “A”.

 

(n)           “Farmout Lands” means EnCana’s working interest in those
lands and rights more particularly described in Schedule “A” attached hereto,
which shall include any natural gas found in association with coalbed
formations within such lands.

 

(o)           “Financial Records” means all accounts and supporting records of
Storm Cat with respect to ail transactions bearing directly or indirectly on
operations conducted by Storm Cat pursuant to this Agreement insofar as they
affect the calculation of actual costs and expenses expended by Storm Cat in
respect of the Earning Operations and Project Payout Account.

 

(p)           “Multiple Mineral Development Agreement” means the Multiple Mineral Development
Agreement (Elkford Valley) dated July 17, 2002 between EnCana Oil & Gas
Partnership and Fording Coal Limited.

 

2

 

(q)           “Operating Procedure” means the 1990 CAPL Operating Procedure and
1996 (PAWC) Accounting Procedure attached thereto containing those rates and
electives described in Schedule “C” attached hereto.

 

(r)            “Permitted Encumbrances” means:

 

(i)            the EnCana Encumbrances; and

 

(ii)           the Multiple Mineral Development Agreement,

 

(s)           “Records” means Financial Records and Technical Records.

 

(t)            “Technical Records” means all records of Storm Cat, other than
Financial Records, with respect to the operations conducted by Storm Cat
pursuant to the Agreement.

 

1.2           Schedules

 

The following Schedules are attached to and
incorporated in this Agreement:

 

(a)           Schedule “A” which describes the:

 

Farmout
Lands

EnCana Title Documents

EnCana Encumbrances

EnCana Wells

 

(b)           Schedule “B” which describes the EnCana
Stockpile Inventory

 

(c)           Schedule “C” which contains the Operating Procedure and electives and
the following exhibits thereto:

 

Exhibit
1 the Accounting Procedure - rates and electives

 

(d)           Schedule “D” which contains the EnCana Well Data Requirement Sheet

 

(e)           Schedule “E” which contains the CAPL Royalty Procedure (Version 1.0)

 

ARTICLE 2

TITLE AND ENCUMBRANCES

 

2.1           Representations of EnCana

 

Storm
Cat acknowledges that it has agreed to earn and acquire an undivided fifty
(50%) percent interest in and to the EnCana Assets on an “as is, where is”
basis, without representation and warranty from EnCana, and without reliance on
any information provided to Storm Cat by EnCana or any third party, except that
and subject in all instances to the Permitted Encumbrances, EnCana makes the
following representations and warranties to Storm Cat:

 

3

 

(a)           EnCana has not alienated or encumbered the EnCana Assets or any part or
portion thereof, EnCana has not committed and is not aware of there having been
committed any act or omission whereby the interest of EnCana in and to the
EnCana Assets or any part or portion thereof may be cancelled or determined,
and the EnCana Assets are now free and clear of all iiens, royalties, conversion
rights and other claims of third parties, created by, through or under EnCana
or of which EnCana has knowledge;

 

(b)           EnCana has, prior to the execution and delivery of this Agreement, made
available to Storm Cat the Due Diligence Materials pertaining to the EnCana Assets
which is in the possession of EnCana or to which EnCana has access; and

 

(c)           EnCana has the full right, power and authority to enter into this
transaction.

 

2.2           Acceptance of EnCana
Assets

 

EnCana
disclaims any liability and responsibility for any representation or warranty
which may have been made, or may be alleged to have been made, and which is
contained in any instrument or document relative hereto or to the transactions
provided for in this Agreement, or contained in any statement or information
made or communicated (verbally or in writing) to Storm Cat, including without
limitation, any opinion, information or advice which may have been provided to
Storm Cat by any representative of EnCana. Without limiting the generality of
the foregoing, EnCana makes no representations or warranties or covenants as
to:

 

(a)           EnCana’s title in or to the EnCana Assets,
except as, and only to the extent, set forth in subclause 2.1 (a) of this
Agreement;

 

(b)           the amounts, or rates of production, quality,
content, chemical composition, recoverability or deliverability of hydrocarbons
attributable to the Farmout Lands;

 

(c)           the quality, fitness, condition,
merchantability or serviceability of all or any of the EnCana Assets;

 

(d)           any engineering, geological or other
interpretations or economic evaluations of the EnCana Assets;

 

(e)           both past actuals and future estimates of
prices or cash flows attributable to the EnCana Assets; or

 

(f)            assessments or estimates of the value of the
EnCana Assets or marketability of the petroleum and natural gas attributable to
the Farmout Lands.

 

Storm
Cat acknowledges that it has made its own independent investigation, analysis,
evaluation, verification and inspection of EnCana’s interest in and to the
EnCana Assets and the state and condition thereof, including without
limitation, Storm Cat’s own estimate and appraisal of the extent, suitability,
chemical composition, content and value of the reserves of hydrocarbons
attributable to the EnCana Assets and of the condition, content, suitability,
composition and capacity of the EnCana Assets, and that it has relied solely on
such investigation, analysis, evaluation, verification and inspection as to its

 

4

 

assessment
of, without limitation, the condition, quality, quantum and value of the EnCana
Assets.

 

ARTICLE 3

EARNING PHASE

 

3.1           [***] shall at its sole option, risk and expense, have the right to
explore, appraise, develop and/or evaluate any portion of the Farmout Lands for
the purpose of producing natural gas and other hydrocarbons found to be
occupying, or in association within, any coalbed formations or otherwise by
performing, but not limited to the following work (“Earning Operations”):

 

(i)            [***];

(ii)           [***];

(iii)          [***].

(iv)          [***].

 

3.2           Earning Expenditures means the amount of twelve million Canadian
dollars ($12,000,000. CDN) being the “Earning Expenditure Amount” expended by
Storm Cat on Earning Operations (as defined in Clause 3.1 hereof). Storm Cat
shall create a payout expenditure account to record all Earning Expenditures
related to those operations as provided for in Clause 3.1 hereof. At a minimum
Storm Cat shall expend the amount of two million Canadian dollars $2,000,000
Cdn) of the Earning Expenditures Amount on or before the expiration of one (1)
year from the Effective Date.

 

When
Storm Cat has expended the Earning Expenditure Amount, such point in time shall
be deemed the “Earning Point”. Storm Cat shall immediately provide EnCana with
a notice upon reaching the Earning Point.

 

3.3           During the Earning Phase Storm Cat agrees to pay to EnCana the EnCana
[***] on all [***] produced, saved and sold from any portion of the Farmout
Lands so long as Storm Cat retains the right to earn an interest hereunder. Such
[***] payable to EnCana shall be calculated on and payable on [***] and in
accordance with the provisions of the [***].

 

3.4           Having reached Earning Point and provided Storm Cat is not otherwise in
default hereunder, Storm Cat shall earn [***] of EnCana’s interest in the
EnCana Assets such that same shall be held:

 

Storm Cat       [***]%

EnCana          [***]%

 

5

 

3.5           Earning Point Election

 

Encana
shall for a period of [***] from receipt of Storm Cat’s notice of reaching
Earning Point, have the option to retain a [***] working interest position in
the Farmout Lands or elect to convert such interest to a [***], being “Encana’s
[***] on all [***] produced, saved and sold from any portion of the Farmout
Lands as earned by Storm Cat, subject to EnCana’s [***] at Project Payout. Such
[***] payable to EnCana shall be calculated on and payable on EnCana’s [***]
interest on a [***] basis and in accordance with the provisions of the [***].

 

3.6           Project Payout

 

“Project
Payout” means where EnCana has elected to be in EnCana’s [***] as provided for
in subclause 3.4, the first day of the month following the month in which the
revenue Storm Cat has recovered from the sale of all [***] produced from the
Farmout Lands [***] is equal to the [***] incurred by the Storm Cat as to all
of [***] related to the Farmout Lands.

 

Where
EnCana has elected to be in EnCana’s [***] as provided for in subclause 3.4,
the Project Payout Account shall be reduced as to the EnCana Facilities
inventory amount, being an estimated [***] (such amount to be audited within
[***] days of the Effective Date).

 

Storm
Cat shall provide an account to EnCana on a [***] as to the Project Payout (the
“Project Payout Account”). Upon Project Payout as described herein, Storm Cat
shall immediately provide EnCana with written notice of the same.

 

ARTICLE 4

CONDUCT OF OPERATIONS DURING EARNING PHASE

 

4.1           Conduct of Operations

 

(a)           The “Earning Phase” shall mean that period [***] wherein the provisions
of this Article shall govern the conduct of all operations relating to the
EnCana Assets.

 

(b)           During the Earning Phase [***] shall be designated supervisory operator
[***] being designated the operating company for conducting operations wherein
the parties shall establish an operating committee to provide for the

 

6

 

orderly
planning of operations to be conducted in respect of the Earning Operations. Each
party shall appoint a [***] to the operating committee. Any party may revoke
the appointment of it representatives or alternative and make a new appointment
by notice to the other party. Unless and to the extent that the parties have
otherwise agreed to restrict attendance to the representatives of the parties
with respect to the consideration of a specific item, a representative of a
party attending an operating committee meeting may be accompanies by a
reasonable number of advisors. The operating committee shall at least meet
[***] or at such other times as agreed to by the operating committee. [***]
shall chair such general meetings of the operating committee. The operating
committee shall also meet throughout the year not later than [***] following
receipt of notice by a party requesting a special meeting. [***] shall give
reasonable advance notice of each meeting indicating the time and the location
of the meeting and include a proposed agenda. [***] shall prepare and circulate
a draft of the minutes of the meeting to [***] as soon as practicable after the
meeting. Unless otherwise agreed by the parties, the meetings shall be held at
the [***], or as otherwise agreed to by the parties.

 

(c)           After [***] of the Earning Phase, the parties shall meet to review the
operations conducted by [***] for the purpose of [***] being considered full
operator for the balance of the Earning Phase and thereafter.

 

(d)           [***] shall, while it remains the supervisory operator, recommend to
[***] field operations personnel who will be responsible to operate the field
and any onsite activities. The parties will jointly select these onsite
supervisors, and both parties shall have the right to veto any proposed
supervisor who does not meet the requirements of the party in their sole
discretion. Such personnel will take operational direction from [***], but
shall be ultimately responsible to [***] to adhere to all Province of British
Columbia regulations and [***] policies. Such personnel, if they typically work
full time for [***] shall be charged out to [***] at the same rates as would be
normally charged to [***], plus a [***] administration fee. Notwithstanding the
above, if in [***] reasonable opinion, a proposed operation by [***] has the
potential to contravene any regulation or has the potential to cause
environmental or safety hazards, [***], at its sole discretion, may appoint
additional personnel to take control of such operation until such potential
hazard has been remedied. Such additional personnel shall be at [***] expense.

 

4.2           Application of Operating Procedure During
Earning Phase

 

During
the Earning Phase, subject to Clause 4.1, the following Articles of the
Operating Procedure shall apply with [***], making such changes as are
necessary:

 

(a)           Article 1 - Interpretation;

 

(b)           Article 3 - Functions and Duties of Operator; Clauses 304, 305, 306,
307, 310 and 311 b

 

7

 

(c)           Article 12 - Abandonment of Wells; Clauses 1201 and 1202

 

(d)           Article 18 - Confidential Information; and

 

(e)           Article 28 - Miscellaneous.

 

4.3           Maintaining Title During Earning Phase

 

(a)           For the period from the Effective Date until the Earning Point Notice
or the Earning Phase Termination Notice has been issued, whichever occurs
first, EnCana shall not grant any interest in the EnCana Assets and shall not
do or cause to be done any act or omission whereby the EnCana Assets become encumbered,
terminated or forfeited.

 

(b)           After the Effective Date, but prior to the issuance of the Earning
Point Notice, the payment of all Crown and Fording Coal annual Petroleum and
Natural Gas lease rentals, surface lease rentals and Fording Road Use fees
applicable to the Farmout Lands and surface thereto, shall be paid [***]. After
such time, title documents, surface lease and road use fee 2005 annual
anniversary dates, [***].

 

(c)           After the Earning Phase, [***] shall bear all title documents, surface
lease and road use costs [***].

 

4.4           Audits During Earning Phase

 

(a)           Storm Cat shall establish and maintain in Alberta accounting records in
accordance with Canadian Generally Accepted Accounting Principles and the Accounting
Procedure for the calculation of all costs and expenses incurred in respect of
the Earning Phase.

 

(b)           Storm Cat shall retain Records until the later of:

 

(i)            2 years after the end of the calendar year in
which Storm Cat issues the Earning Point Notice; or

 

(ii)           the period of time prescribed by the Regulations.

 

In
the event of a Claim, Storm Cat shall keep Records until such Claim is finally
resolved and for such longer period of time as Storm Cat may reasonably
request.

 

(c)           EnCana may, from time to time and at its expense, have its representatives
examine any of the Records at any time up to the end of the period for which Storm
Cat is required to keep Records pursuant to Subclause 4.4(b) of this Agreement.
Storm Cat shall provide reasonable assistance and facilities to those conducting
an examination, including the conversion to a readily understandable format of
those Records kept in electronic format or in any other format which cannot be
readily understood without special equipment or specialized knowledge.

 

8

 

(d)           EnCana may give notice of a claim to Storm Cat within two (2) months
following the completion of an examination of Records. Storm Cat shall respond
in writing to any claim within 6 months of receipt of such claim. Upon
resolution of a claim, Storm Cat shall amend the Records as required to reflect
the resolution of the claim. To the extent that the parties are unable to
resolve any outstanding claim disclosed by an examination, such claim shall be
resolved by mediation, provided that, at any time during or within 30 days of
the conclusion or termination of the mediation efforts, any party involved in
the audit exception may elect by notice to the other parties involved to have
such audit exception resolved pursuant to the Arbitration
Act (Alberta).

 

4.5           Permitted Assignments During Earning Phase

 

Prior
to conducting its first Earning Operation, Storm Cat shall have the right to
assign a portion of this agreement with the consent of EnCana. EnCana’s consent
shall only be granted should it deem, with its sole discretion, the proposed
assignee to be a reputable and respected company within the industry. The
consent of the EnCana to such an assignment shall not relieve or release the
Storm Cat from any obligation herein unless agreed to by EnCana.

 

ARTICLE 5

TERMINATION OF EARNING PHASE

 

5.1           Issuance of Earning Phase Termination Notice

 

Should
any of the following events occur (Terminating Events”), EnCana at its sole
option may elect to terminate this Agreement and claim the liquidated damages
as provided herein:

 

(i)            Storm Cat fails to reach [***];

 

(ii)           Storm Cat ceases Earning Operations with
respect to capital spending on the Farmout Lands [***]; or

 

(iii)          Storm Cat fails to spend the Earning
Expenditure Amount [***].

 

Should
Storm Cat anticipate that a Terminating Event is likely to occur, EnCana shall
consider reasonable extensions and/or alternative commitments provided that
Storm Cat provides timely notice and reasonable justifications. Such reasonable
justification for an extension shall include such things as rig availability,
limited access due to weather and/or ground conditions and any regulatory
approval delays.

 

5.2           Effect of Earning Phase Termination Notice

 

(a)           Upon Storm Cat’s receipt of the Earning Phase
Termination Notice, Storm Cat shall no longer be entitled to thereafter earn
and acquire any interests in and to the EnCana Assets.

 

9

 

(b)           The issuance of the Earning Phase Termination
Notice by EnCana shall be in addition to and not in substitution for any other
right or remedy which EnCana may have under this Agreement or at law.

 

ARTICLE 6

CONDUCT OF OPERATIONS FOLLOWING EARNING POINT

 

6.1           Conduct of Operations

 

(a)           From and after the issuance of the Earning Point Notice, and provided
[***] working interest in the Farmout Lands pursuant to clause 3.4, the
Operating Procedure shall govern all Joint Operations as between the parties on
or in respect of the Joint Assets including, without limitation, complying with
all terms and conditions of, and all maintenance and administration for, the
EnCana Title Documents.

 

For
this purpose:

 

(i)            the Farmout Lands shall become the Joint
Lands;

 

(ii)           the EnCana Assets shall become the Joint Assets;

 

(iii)          the EnCana Title Documents shall become the Title Documents; and

 

(iv)          the EnCana Wells shall become the Wells;

 

under
the Operating Procedure. For greater clarity, the Parties acknowledge that no
Joint Operations will be conducted in respect of the Joint Assets until after
the Earning Point Notice has been issued.

 

(b)           Subject to [***] electing to retain a [***] working interest in the
Farmout Lands pursuant to clause 3.4 and [***] prior, [***] of all Joint Assets
under the operating Procedure.

 

ARTICLE 7

AREA OF MUTUAL INTEREST

 

7.1           As between the EnCana and the Storm Cat, the parties agree that an Area
of Mutual Interest (“AMI”) shall apply as to any available Crown and or
Freehold lands which include and lie within one (1) mile of the Farmout Lands.
The AMI shall be governed in accordance with the following terms and
conditions:

 

(a)   Term: The initial term of the Area of Mutual Interest shall be in
effect from the date of execution of this Farmin Offer Proposal by EnCana
(“Effective Date”) and [***] and after such period has ended the Area of Mutual
Interest shall be reduced to a boundary of one (1) mile surrounding the Farmout
Lands [***].

 

10

 

(b)   Acquisitions:   If, at any time
during the term of the Area of Mutual Interest, either party hereto acquires an
interest in any Crown Lands or Freehold Lands of which fifty percent (50%) or
more of the surface area lies within the Area of Mutual Interest, then the
acquiring party shall promptly notify the other party in writing of the
acquisition, detailing the consideration paid. The receiving party shall have
twenty (20) days (“AMI Election Period”) from receipt of the acquisition notice
in which to participate in the said acquisition to the extent of its AMI
interest as set forth in Clause 11 (iii) below, by paying its proportionate
share of the acquisition cost to the acquiring party within the said AMI
Election Period.

 

(c)           AMI Interests:

 

Storm Cat                               [***]%

EnCana                                  [***]%

 

ARTICLE 8

INVENTORY AND WELLS

 

8.1           As of the date hereof EnCana owns certain production facilities and
existing wells, equipment and inventory related to prior natural gas and water
production from the Farmout Lands and EnCana agrees to grant Storm Cat the
unrestricted right to use such wells, facilities, equipment and inventory or
any portion thereof at Storm Cat’s sole cost, risk, expense and discretion. As
of the Effective Date and prior to Earning Point Storm Cat shall assume all
liabilities, obligations and operating costs applicable to such wells, facilities,
equipment and inventory. After Earning Point ownership, costs and expenses related
thereto shall be shared on a working interest basis.

 

8.1           Storm Cat agrees to reimburse EnCana for the Stockpile Inventory (see
list of Stockpile Inventory attached hereto as Schedule “E”) in the amount of
[***] within [***]of the Effective Date.

 

8.2           As to those wells that exist on the Farmout Lands as of [***] the
parties agree that all liabilities and obligations applicable thereto shall be
shared on a working interest basis. As to those wells drilled by Storm Cat as
part of the Earning Operations, should Storm Cat cease to hold a working
interest in the Farmout Lands it shall provide EnCana with a notice of its
intention to abandon such well(s). EnCana upon receipt of such notice shall have
a period of thirty (30) days to elect to take over such wel!(s) and assume all
obligations and liabilities with respect to same. In the case EnCana does not elect
to take over such well(s) Storm Cat shall proceed with the abandonment of such wells
according to the applicable governmental regulations.

 

ARTICLE 9

WELL INFORMATION

 

9.1           Storm Cat shall provide EnCana with copies of all technical information
derived from the Earning Operations, including without limitation, all
information typically provided to EnCana pursuant to EnCana’s standard Well
Data Requirement Sheet (attached hereto as Schedule “D”) which may include
access to online databases for electronic drilling recorders. Subject to the
disclosure to Fording Coal Limited described in Clause 9.2 hereof, such
information will be treated as confidential by EnCana and shall not be

 

11

 

disclosed
to any outside party to this Agreement, unless mutually agreed in writing by
the parties.

 

9.2           Storm Cat shall agree to be bound by all conditions and covenants
contained in the said Multiple Mineral Development Agreement, including without
limitation, EnCana’s common practice of providing al! well logs to Fording Coal
Limited.

 

ARTICLE 10

GOVERNMENTAL TAX CREDITS AND INCENTIVES

 

10.1         Prior to earning its interest hereunder Storm Cat shall have the right
and access to [***] of any and all governmental tax credits and or any other
incentives which occur as a result of the Work and/or Earning Expenditure
amounts performed and/or spent hereunder. Thereafter such credits and or
incentives shall be shared on a participating interest basis.

 

ARTICLE 11

COUNTERPART EXECUTION

 

11.1         This Agreement may be executed in counterpart, no one copy of which
need be executed by EnCana and Storm Cat. A valid and binding Agreement shall
arise if and when counterpart execution pages are executed and delivered by
EnCana and Storm Cat. Delivery of counterpart execution pages may be made by
courier, facsimile, or email.

 

IN
WITNESS WHEREOF the parties hereto have executed this Agreement as of the day
and year first above written.

 

 

	
  ENCANA OIL AND GAS
  PARTNERSHIP

  	
  STORM CAT ENERGY
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
  Per:

  	
  /s/ Larry Weiers

  	
   

  	
  Per:

  	
   

  	
  /s/ J. Scott Zimmerman

  	
   

  
	
   

  	
  Larry Weiers, Vice
  President

  	
   

  	
  J. Scott Zimmerman,
  President

  
	
   

  	
   

  	
  And Chief Executive
  Officer

  
	
   

  	
   

  
	
  Per:

  	
   

  	
   

  	
  Per:

  	
   

  	
  /s/ Paul Wiesner

  	
   

  
	
   

  	
   

  	
  Paul Wiesner, Chief
  Financial Officer

  
	
   

  	
   

  
										

 

12

 

THIS IS SCHEDULE “A” ATTACHED TO AND FORMING PART OF THAT ELK
VALLEY FARMIN AND OPERATING AGREEMENT MADE AS OF 30th DAY OF
JUNE, 2005 BETWEEN ENCANA OIL AND GAS PARTNERSHIP AND STORM CAT ENERGY CORPORATION

 

FARMOUT LANDS

 

[***]

 

ENCANA WELLS

 

[***]

	
   

  	
  Well Name

  
	
   

  	
   

  
	
   

  	
  [***]

  

 

CPA Format Well ID

 

[***]

 

13

 

THIS IS SCHEDULE “B” ATTACHED TO AND FORMING PART OF THAT ELK
VALLEY FARMIN AND OPERATING AGREEMENT MADE AS OF 30th DAY OF
JUNE, 2005 BETWEEN ENCANA OIL AND GAS PARTNERSHIP AND STORM CAT ENERGY
CORPORATION

 

ENCANA STOCKPILE INVENTORY

 

	
  Description

  	
   

  	
  Quantity

  	
   

  	
  Size

  	
   

  	
  Serial #

  	
   

  	
  Model #

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  North Star Meter Run 

  	
  [***]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  North Star Meter Run 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rig Tank (open) Barton 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Water meter Barton 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Water meter Barton Dry 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Flow Meter Air 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Compressor YS! Water 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  analysis meter

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Barton Scanner 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Solar Panel

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Propane BBQ

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Weatherford Drive units

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Weatherford Top Drives

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Electric Aerators

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PC pump

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sucker Rod

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sucker Rod

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Co-Rod

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
										

 

14

 

	
  Co-Rod

  	
  [***]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Co-Rod

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball check scrubbers

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hose

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Filter Cage

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Propane Hose

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gaskets

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gaskets

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Flange Bolts 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hammer Union RR 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  union RR union RR 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  union Expansion 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Joint Blind flange 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Blind flange Blind 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  flange Screwed 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  flange Screwed 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  flange Nails Hose

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ext. Ladder Cis-Can 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Heaters Wheel 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Barrel Insulation 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Insulation Tarp

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Water pump 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Thermometers 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Burner Control 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Household Reg.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Regulator 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Heater Hood Jerry 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Can Elbow Elbow 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Tee Elbow Tee

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Blind flange 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ball valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

15

 

	
  Y Strainer 

  	
  [***]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Check Valve 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Check Valve 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Tee

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bushing 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Collars

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Collars

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Collars

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nipple 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Swedge 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Swedge

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hex Plug

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hex Plug

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hex Plug

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hex Plug

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hex Plug

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cam Lock 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Butterfly Valve

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Barrel Buggy 

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Pipe Vice

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]