AMERICOMM CHEYENNE RIVER PROSPECT AGREEMENT
This agreement (Agreement), made and entered into this 4th day of March, 1998, by and between Fred S.
Jensen, Richard H. Bate, A. R. Briggs and Thomas L. Thompson, First Parties, (JBB&T) and Americomm
Resources Corporation, a Delaware corporation, Second Party (Americomm);
WITNESSETH:
Whereas JBB&T have identified the Cheyenne River Prospect, consisting of as much as 400,000 acres located
in Campbell, Converse, Niobrara and Weston Counties, Wyoming, and including lands in Townships 37, 38, 39,
40, 41, and 42 North, Ranges 64, 65, 66, 67, 68, and 69 West, 6th P.M. (Entire Prospect) which, based on the
studies prepared by JBB&T, appear to have potential for development of oil and gas production from the
Newcastle and Mowry formations through horizontal boreholes; and
Whereas JBB&T have heretofore entered into an agreement with United Utilities
Corporation concerning the following lands:
T 42N, R 66W - Sections 6, 7, 18, 19, 30, 31
T 42N, R 67W - All
T 42N, R 68W - Sections 1, 12, 13, 24, 25, 36
T 41N, R 66W - Section 6
T 41N, R 67W -Sections 1-6
T 41N, R 68W - Section 1
Containing about 35,840 acres (United Block); and
Whereas JBB&T and Americomm wish to enter into an agreement with respect to all of the entire Prospect,
except the United Block, which lands are hereafter referred to as the "Prospect"; and
Whereas the lands in the Prospect consist of unleased federal and state lands, unleased fee lands and some lands
leased to others, including JBB&T, and the unleased federal lands consist mostly of lands available for leasing by
over- the-counter filing, the balance being lands available by competitive bidding; and
Whereas Americomm wishes to retain JBB&T to obtain the maximum practicable oil and gas leasehold position
for the benefit of Americomm (but to be held temporarily by Richard H. Bate as trustee for Americomm) so that
Americomm, as Operator, can drill one or more horizontal boreholes in the Newcastle formation according to