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RATIFICATION OF OIL AND GAS LEASE
KNOW ALL ~MEN BY THESE PRESENTS:
By Oil and Gas Lease dated the 12th day of April, 2002 (the "Irvin Lease"), Penny M. Irvin, a
married woman dealing in her sole and separate property, as lessor, leased the following described lands
located in Lincoln County, Wyoming to Hanson & Strahn, Inc., as lessee, for a primary term of three
~,ears:
Township 23 North, Range 113 West, 6th P.M.
Section 14: Lot 3(31.02), SE1/4NW1/4, NE1/4SW1/4, W1/2NE1/4, less and except the
following tracts of land:
A tract of land described as follows: Beginning at a point On the
southern boundary line of the NE1/4SW1/4 from whence the southwest
corner of said Section 14 bears south 57°1' west 36.85 chains; thence
north 89053' east, 9.95 chains; thence north 6.99 chains; thence south
52013' west, 11.45 chains to the place of beginning, containing 3.16
acres, more or less.
A parcel of land 200 feet in width situate in the SW1/4NEI/4 of said
Section 14, described as follows: Beginning at the 16/16 corner of said
~-~ec, tion 14; thence south 89053' west 4.71 chains; thence north 48033,
~:~ i"~q~t~,~.~8 chains, thence sou~ 4.15 chains to the point of beginning,
conta~ing 0.85 acres, more or less.
containig 187.01 acres, more or less
A Memorandum of Oil and Gas Lease dated April 12, 2002, was recorded on June 21, 2002, in Book
492PR, Page 509 of the records of Lincoln County, Wyoming.
The Irvin Lease was assigned by Hanson & Strahn. Inc. to Cabot Oil & Gas Corporation by that
certain Assignment of Oil and Gas Lease dated June 17, 2002, recorded on September 23, 2002, in Book
499PR, Page 860.
The Irvin Lease grants to the lessee the option to extend the term of the h'vin Lease from three
years to eight years by making the payment specified in the Irvin Lease by the time specified. The
undersigned hereby acknowledges timely receipt of the amount necessary to extend the primary term of the
Irvin Lease from three years to eight years. Hanson & Strahn, Inc., on behalf of Cabot Oil & Gas
Corporation, filed an Affidavit of Lease Extension dated April 4, 2005, recorded on April 8, 2005, in Book
582, Page 717, stating that the term of the Irvin Lease, among other leases, had been extended from three
years to eight years.
By Release of Oil and Gas Leases dated May 3, 2005, recorded on May 13, 2005, in Book 585,
Page 229, Cabot Oil & Gas Corporation released the Irvin Lease. The release of the Irvin Lease by Cabot
Oil & Gas Corporation was unintentional and inadvertent, and the Release of Oil and Gas Leases was
subsequently rescinded by that certain Rescission of Release of Oil and Gas Leases dated Julyl4, 2005,
recorded on July 27, 2005, in Book 592, Page 414. The undersigned acknowledges that the execution and
recording of the release of the Irvin Lease was unintentional and inadvertent.
Now, therefore, for valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned does hereby ratify, adopt and confirm the Irvin Lease insofar as it covers
the lands described above; does hereby lease, demise and let the lands covered by the Irvin Lease described
above to Cabot Oil & Gas Corporation, and its successors and assigns, subject to and under all of the terms
5
and provisions of the Irvin Lease, as extended: declares that the lease is in full force and effect; and
declares that the primary term of the Irvin Lease has been extended from three years to eight years.
IN WITNESS WHEREOF, the undersigned has executed this instrument this r~ ~q~day of
August, 2005.
q
l~en~yy M. irvin- I
STATE OF ~& C!.&/O/.~'
COtmTY OF/Z~,,~ ~9 / ~C>~-J
)
) SS.
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BEFORE ME, the undersigned, a Notary Public, in and for said County and State, on thisbe,74
day of August, 2005, personally appeared .Penny M. Irvin, to me known to be the identical person,
described in and who executed the within and foregoing instrument of writing and acknowledged to me that
she duly executed the same as her free and voluntary act and deed for the uses and purposes therein set
forth.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal the day and
year last above written.
JANE A HANSEL
NOTARY PUBLIC - STATE OF ILLINOIS
Notary Public