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STATE OF WYOMING )
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COUNTY OF LINCOLN )
BooI6l6() PRPAGE 089
KNOW ALL MEN BY THESE PRESENTS, that Intrepid Oil & Gas, LLC, whose address is
1801 Broadway. Suite 800, Denver, Colorado 80202, has acquired all the right. title and interest,
including contractual rights and obligations, of Mission Oil Corporation in and to certain lands located
in Lincoln County, Wyoming, and accordingly, has succeeded to the position of Mission Oil
Corporation contemplated by that Letter Agreement dated December 17, 1996. by and between
Beartooth Oil & Gas Company and Mission Oil Corporation, Pursuant to the terms of the December
17, 1996, Letter Agreement, Beartooth Oil & Gas Company agreed to farmout to Mission Oil
Corporation those lands described on the attached Exhibit "A", Notice is hereby given of this potential
obligation, which Intrepid believes in good faith continues to affect said lands described on Exhibit
"A".
Executed this ~ day of June, 2001.
ACKNOWLEDGEMENT
STATE OF COLORADO
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CITY AND COUNTY OF DENVER)
On the ~ day of June, 2001, personally appeared before me Robert P. Jornayvaz III who
being by me duly sworn did say that he is the Attorney-in-Fact for Intrepid Oil & Gas, LLC. and is
authorized to execute this instrument,
Witness my hand and official seal.
My Commission Expires: - ,q Illl )Liv I
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No ary Public
Address: 1801 Broadway, Suite 800
Denver, CO 80202
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