ROSS EXPLORATION

Once the Evaluation Phase is complete, if we decide to pursue the acquisition of leasehold rights in all or a portion of the property, we will notify you that the Acquisition Phase has begun. The Acquisition Phase will last up to six (6) months, during which time we will make our best efforts to obtain a lease or leases covering all or a portion of the property at commercially reasonable and economically feasible terms. If we are able to obtain any such leases with a lessor royalty of less than twenty-five percent (25%), you will be assigned an overriding royalty interest in any such leases to the extent that they cover the property.

Also known as: Ross Exploration, Inc

Primary location: Fort Worth United States