FARMOUT AND ACQUISITION AGREEMENT BETWEEN INFINITY OIL AND GAS OF TEXAS, INC. AND FOREST OIL CORPORATION for the RODEO PROSPECT, BARNETT SHALE located in ERATH COUNTY, TEXAS Dated and made Effective DECEMBER 1, 2007Farmout and Acquisition Agreement • January 3rd, 2008 • Infinity Energy Resources, Inc • Drilling oil & gas wells • Texas
When executed in the manner hereinafter provided, this Farmout and Acquisition Agreement (“Agreement”) shall evidence and constitute the complete Agreement made effective on December 1, 2007 (the “Effective Date”) by and between Infinity Oil and Gas of Texas, Inc. “Infinity”) a Delaware corporation having its principal office at 633 Seventeenth Street, Suite 1800, Denver, Colorado 80202-2818 and Forest Oil Corporation, (“Forest”) a New York corporation having its principal office at 707 Seventeenth Street, Denver, Colorado 80202, concerning the Forest conducting oil and gas operations in the area above described so as to provide Forest the right to earn an interest in the oil, gas and mineral leases owned by Infinity as hereinafter described and other matters as set forth herein.
