EPEX » Topics » The following described tracts of land situated in and being a part of the Laureles Farm Tracts, El Rincon de Corpus Christi, A-411, Nueces County, Texas:

This excerpt taken from the EPEX 10-Q filed Nov 9, 2005.

The following described tracts of land situated in and being a part of the Laureles Farm Tracts, El Rincon de Corpus Christi, A-411, Nueces County, Texas:

Area 1

 

S/2 Sec 37
All Sec 48
W/2 SW/4 Sec 49
W/2 NW/4 Sec 71
E/2 NE/4 Sec 72

$

34,171,150.00

Area 2

 

W/2 SE/4 Sec 26

$

228,050.00

Area 3

 

W/2 NE/4 Sec 37

$

342,075.00

Area 4

 

SW/4 Sec 36
N/2 NW/4 Sec 49

$

456,100.00

Area 5

 

S/2 NW/4 Sec 49

$

342,075.00

Area 6

 

E/2 SW/4 Sec 49

$

228,050.00

 

Note:  As the Company acquires its proportionate interest in any of the oil and gas leases that cover the lands described below in Areas 7 and 8 the Purchase Price allocated to such oil and gas leases on this Exhibit B shall be reallocated as shown below with a corresponding reduction in the values allocated to Area 1.

Area 7

 

NW/4 & W/2 NE/4 Sec 72
E/2 NW/4 Sec 71

$

1,710,375.00

Area 8

 

NW/4 Sec 36

$

85,518.75

 

 



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