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Document Preview Quitclaim, Release and Assumption Agreement |
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Title: |
Quitclaim, Release and Assumption Agreement |
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Entities: |
Nation Energy, Inc.; VRD, Inc.; Saurus Resources Incorporated; Nation Energy Inc |
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Date: |
2002 |
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Size: |
Preview shows 1KB of 3KB total |
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Price: |
$31 |
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ID: |
#138156 |
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This Quitclaim, Release and Assumption Agreement (this "Agreement") dated as of December 6 , 2001, is among NATION ENERGY, INC., a Delaware corporation. ("Nation"), Suite 1320, 925 W. Georgia Street, Vancouver, BC V6C 3L2; VRD, INC., a Texas corporation ("VRD"), P.O. Box 469 Abilene, Texas 79604; and SAURUS RESOURCES INCORPORATED, a Texas corporation ("Saurus"), P.O. Box 373, Teton Village, Wyoming 80325.
A. Saurus and Nation are parties to an exploration agreement dated August 11, 1999, covering an oil and gas prospect in Sweetwater County, Wyoming (the "Exploration Agreement")
B. Saurus, VRD and Nation are parties to a Joint Operation Agreement dated December 1, 1999, naming Saurus as operator and VRD and Nation as non-operators covering land in Sweetwater County (the "Operating Agreement"). The Operating Agreement was entered into in furtherance of the Exploration Agreement.
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