Schedule of Base Salaries and 2004 Annual Bonuses for Certain Executive Officers

Summary

This document lists the annual base salaries and 2004 bonuses for several executive officers of the company, including the President and CEO, CFO, and various Vice Presidents. It specifies the amounts paid for both salary and bonus in 2004, and notes that, effective April 1, 2005, the base salaries for four of the executives were increased. The agreement is informational and outlines compensation details for these key officers.

EX-10.46 4 h23579exv10w46.txt BASE SALARIES & 2004 ANNUAL BONUSES - CERTAIN EXECUTIVE OFFICERS . . . Exhibit 10.46 SCHEDULE OF BASE SALARIES AND 2004 ANNUAL BONUSES FOR CERTAIN EXECUTIVE OFFICERS
Name and Position Annual Base Salary(1) 2004 Annual Bonus - ----------------- --------------------- ----------------- S.P. Johnson IV $257,548 $128,750 President and Chief Executive Officer Paul F. Boling $157,500 $ 55,125 Chief Financial Officer, Vice President, Secretary and Treasurer Gregory E. Evans $175,000 -- Vice President of Exploration J. Bradley Fisher $217,425 $108,500 Vice President of Operations Kendall A. Trahan $165,567 $ 41,375 Vice President of Land
- ---------- (1) Effective April 1, 2005, the Company increased the annual base salaries for Mr. Johnson, Mr. Boling, Mr. Fisher and Mr. Trahan to $283,500, $173,250, $226,800 and $173,845, respectively.