Memorandum of Understanding dated January 24, 2008 between Western Standard Energy Corp. and F Cross Resources, LLC
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EX-10.1 3 exhibit10-1.htm MEMORANDUM OF UNDERSTANDING Filed by Automated Filing Services Inc. (604) 609-0244 - Western Standard Energy Corp. - Exhibit 10.1
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 2 | USA MTM-91487 | Coastal Petroleum Company | 1/1/2002 | 12/31/2011 | 200.00 | 200.00 | T36N-R36E | ||
| SEC. 25: NWSW, S2S2; | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 4 | USA MTM-91732 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 2,249.32 | 2,249.32 | T36N-R35E | ||
| SEC 1: LOTS 1,2,3,4, S2 | |||||||||
| SEC 2: LOTS 1,2,3,4, S2 | |||||||||
| SEC 11: ALL | |||||||||
| SEC 12: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 5 | USA MTM-91734 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 2,164.01 | 2,164.01 | T36N-R35E | ||
| SEC 5: LOTS 1,2,3,4, S2 | |||||||||
| SEC 6: LOTS 1,2,3,6, E2SW, SE | |||||||||
| SEC 7: LOTS 1,2,3,4, E2, E2W2 | |||||||||
| SEC 8: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 6 | USA MTM-91733 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,940.64 | 1,940.64 | T36N-R35E | ||
| SEC 3: LOTS 1,2,3,4, S2 | |||||||||
| SEC 4: LOTS 1,2,3,4, S2 | |||||||||
| SEC 9: S2NE, SENW, S2 | |||||||||
| SEC 10: NE, SWNW, S2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 53 | USA MTM-92345 (MTM-91735) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,280.00 | 1,280.00 | T36N-R35E | ||
| SEC 13: ALL | |||||||||
| SEC 14: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 54 | USA MTM-92346 (MTM-91736) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,440.00 | 1,440.00 | T36N-R35E | ||
| SEC 15: NE, N2NW, S2SW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 55 | USA MTM-92347 (MTM-91737) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 2,213.16 | 2,213.16 | T36N-R35E | ||
| SEC 17: ALL | |||||||||
| SEC 18: LOTS 1,2,3,4, E2, E2W2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 56 | USA MTM-91742 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,262.32 | 1,262.32 | T37N-R35E | ||
| SEC 4: LOTS 1,2,3,4, S2NE, N2SE | |||||||||
| SEC 9: W2, S2SE | |||||||||
| SEC 10: E2, E2W2, SWSW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 57 | USA MTM-91743 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,156.60 | 1,156.60 | T37N-R35E | ||
| SEC 7: LOTS 1,2,3, E2W2 | |||||||||
| SEC 8: E2E2 | |||||||||
| SEC 17: E2, E2W2, W2SW | |||||||||
| SEC 18: SE | |||||||||
| VALLEY COUNTY, MONTANA |
| Page 1 of 6 |
| ATTACHMENT A |
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 58 | USA MTM-91744 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,000.00 | 1,000.00 | T37N-R35E | ||
| SEC 13: N2NE, NWSW, SESW | |||||||||
| SEC 14: SWNE, NW, N2SW, SESW, SE | |||||||||
| SEC 15: NENE, W2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 59 | USA MTM-91745 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 958.69 | 958.69 | T37N-R35E | ||
| SEC 19: LOTS 1,2,3, NE, E2NW, NESW, N2SE, SESE | |||||||||
| SEC 20: E2 | |||||||||
| SEC 21: W2SW, NWSE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 60 | USA MTM-91746 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 520.00 | 520.00 | T37N-R35E | ||
| SEC 22: E2SW | |||||||||
| SEC 23: N2NE, W2SW, E2SE | |||||||||
| SEC 24: W2SW, W2SE, SESE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 61 | USA MTM-91747 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,000.00 | 1,000.00 | T37N-R35E | ||
| SEC 25: E2, N2NW, SENW | |||||||||
| SEC 26: W2NW | |||||||||
| SEC 27: NE, E2NW, SW, W2SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 62 | USA MTM-91748 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,360.00 | 1,360.00 | T37N-R35E | ||
| SEC 28: W2NE, W2NW, SENW, S2 | |||||||||
| SEC 29: ALL | |||||||||
| SEC 30: E2E2, SWSE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 63 | USA MTM-91749 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,080.16 | 1,080.16 | T37N-R35E | ||
| SEC 31: LOTS 1,2,3,4, E2, E2W2 | |||||||||
| SEC 32: E2, W2SW, SESW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 64 | USA MTM-91750 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,840.00 | 1,840.00 | T37N-R35E | ||
| SEC 33: ALL | |||||||||
| SEC 34: W2NE, W2, SE | |||||||||
| SEC 35: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 65 | USA MTM-92348 (MTM-91752) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 2,037.23 | 2,037.23 | T36N-R36E | ||
| SEC 3: S2SE | |||||||||
| SEC 10: ALL | |||||||||
| SEC 15: N2N2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 66 | USA MTM-91753 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,323.81 | 1,323.81 | T36N-R36E | ||
| SEC 5: SW | |||||||||
| SEC 6: LOTS 3,4,5,6, E2SW, SE | |||||||||
| SEC 7: LOTS 1,2,3,4, E2W2, SE | |||||||||
| SEC 9: E2NE, NW, S2SE | |||||||||
| VALLEY COUNTY, MONTANA |
| Page 2 of 6 |
| ATTACHMENT A |
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 67 | USA MTM-92349 (MTM-91754) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,402.80 | 1,402.80 | T36N-R36E | ||
| SEC 18: LOTS 1,2,3,4, NE, E2W2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 68 | USA MTM-91757 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,369.39 | 1,369.39 | T37N-R36E | ||
| SEC 3: LOTS 2,3,4, SWNW, NWSW | |||||||||
| SEC 4: LOTS 1,2,3,4, S2N2, SW, W2SE | |||||||||
| SEC 9: NE, NENW, S2SW | |||||||||
| SEC 10: SW, N2SE, SWSE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 69 | USA MTM-91758 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,022.04 | 1,022.04 | T37N-R36E | ||
| SEC 5: LOTS 3,4, S2NW, SW | |||||||||
| SEC 6: LOTS 3,4,5,6,7, SENW, E2SW | |||||||||
| SEC 8: W2, SESE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 70 | USA MTM-91759 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 920.00 | 920.00 | T37N-R36E | ||
| SEC 14: SENW, SWSW | |||||||||
| SEC 23: NWNE, S2NE, NW, S2 | |||||||||
| SEC 24: SWNE, W2SW | |||||||||
| SEC 25: W2SW, SWSE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 71 | USA MTM-91760 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,200.00 | 1,200.00 | T37N-R36E | ||
| SEC 15: W2NE, W2, SE | |||||||||
| SEC 21: NENE, W2NE, NW | |||||||||
| SEC 22: E2, NWNW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 72 | USA MTM-91761 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 679.99 | 679.99 | T37N-R36E | ||
| SEC 17: N2, N2SE | |||||||||
| SEC 18: NENE | |||||||||
| SEC 19: LOT 4 | |||||||||
| SEC 20: N2NE, SESW, S2SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 73 | USA MTM-91762 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,840.85 | 1,840.85 | T37N-R36E | ||
| SEC 29: N2, W2SW, E2SE | |||||||||
| SEC 30: LOTS, 3,4 | |||||||||
| SEC 31: LOTS 1,2,3,4, E2, E2W2 | |||||||||
| SEC 32: W2NW, SENW, SW, NWSE | |||||||||
| SEC 33: W2NE, NW, N2SW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 74 | USA MTM-91796 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,600.00 | 1,600.00 | T37N-R36E | ||
| SEC 27: S2 | |||||||||
| SEC 28: S2 | |||||||||
| SEC 33: E2NE, S2SW, SE | |||||||||
| SEC 34: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 75 | USA MTM-92352 (MTM-91795) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,280.00 | 1,280.00 | T37N-R36E | ||
| SEC 26: S2 | |||||||||
| VALLEY COUNTY, MONTANA |
| Page 3 of 6 |
| ATTACHMENT A |
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 76 | USA MTM-91794 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,040.00 | 1,040.00 | T37N-R36E | ||
| SEC 21: SENE, S2 | |||||||||
| SEC 22: NENW, S2NW, SW | |||||||||
| SEC 29: E2SW, W2SE | |||||||||
| SEC 30: NE, N2SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 77 | USA MTM-91793 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 760.00 | 760.00 | T37N-R36E | ||
| SEC 12: SWSW | |||||||||
| SEC 13: W2W2 | |||||||||
| SEC 14: E2, NENW, SESW | |||||||||
| SEC 23: NENE | |||||||||
| SEC 24: W2NW, SENW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 78 | USA MTM-91768 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 672.51 | 672.51 | T36N-R35E | ||
| SEC 6: LOTS 4,5 | |||||||||
| SEC 9: N2N2, SWNW | |||||||||
| SEC 10: N2NW | |||||||||
| SEC 15: S2NW, N2SW, SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 79 | USA MTM-91772 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,080.00 | 1,080.00 | T37N-R35E | ||
| SEC 1: SESW, S2SE | |||||||||
| SEC 11: ALL | |||||||||
| SEC 13: NW, NESW | |||||||||
| SEC 14: N2NE, SENE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 80 | USA MTM-91773 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 640.00 | 640.00 | T37N-R35E | ||
| SEC 4: S2NW, SW, S2SE | |||||||||
| SEC 9: NE, N2SE | |||||||||
| SEC 10: SWNW, NWSW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 81 | USA MTM-91777 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 800.00 | 800.00 | T37N-R35E | ||
| SEC 25: SWNW, SW | |||||||||
| SEC 26: E2, E2NW | |||||||||
| SEC 27: W2NW | |||||||||
| SEC 28: E2NE, NENW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 82 | ST MT 34,821-02 | Coastal Petroleum Company | 9/1/2002 | 9/3/2012 | 640.00 | 640.00 | T37N-R36E | ||
| SEC 16: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 83 | ST MT 34,820-02 | Coastal Petroleum Company | 9/1/2002 | 9/3/2012 | 640.00 | 640.00 | T37N-R35E | ||
| SEC 36: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 84 | ST MT 34,819-02 | Coastal Petroleum Company | 9/1/2002 | 9/3/2012 | 640.00 | 640.00 | T37N-R35E | ||
| SEC 16: ALL | |||||||||
| VALLEY COUNTY, MONTANA |
| Page 4 of 6 |
| ATTACHMENT A |
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 85 | ST MT 34,815-02 | Coastal Petroleum Company | 9/1/2002 | 9/3/2012 | 640.00 | 640.00 | 79 | 503 | T36N-R36E |
| SEC 16: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 86 | ST MT 34,813-02 | Coastal Petroleum Company | 9/1/2002 | 9/3/2012 | 640.00 | 640.00 | T36N-R35E | ||
| SEC 16: ALL | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 95 | USA MTM-91792 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,372.89 | 1,372.89 | T37N-R36E | ||
| SEC 6: LOTS 1,2, S2NE, SE | |||||||||
| SEC 7: E2 | |||||||||
| SEC 17: SW, S2SE | |||||||||
| SEC 18: NWNE, S2NE, SE | |||||||||
| SEC 19: NENE, SESE | |||||||||
| SEC 20: N2NW, SWSW | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 96 | USA MTM-91791 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,053.56 | 1,053.56 | T37N-R36E | ||
| SEC 4: E2SE | |||||||||
| SEC 5: LOTS 1,2, S2NE, SE | |||||||||
| SEC 8: NE, N2SE, SWSE | |||||||||
| SEC 9: NWNW, S2NW, N2SW, SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 97 | USA MTM-91790 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 853.95 | 853.95 | T37N-R36E | ||
| SEC 2: LOT 4, SWNW, SW | |||||||||
| SEC 3: LOT 1, S2NE, SENW, NESW, S2SW | |||||||||
| SEC 10: NW | |||||||||
| SEC 11: N2NW, SENW, SESE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 98 | USA MTM-92351 (MTM 91788) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 960.00 | 960.00 | T36N-R36E | ||
| SEC 17: NE, W2 | |||||||||
| SEC 18: SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 99 | USA MTM-92350 (MTM-91787) | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,440.00 | 1,440.00 | T36N-R36E | ||
| SEC 15: S2N2, S2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 100 | USA MTM-91785 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,120.00 | 1,120.00 | T36N-R36E | ||
| SEC 7: NE | |||||||||
| SEC 8: ALL | |||||||||
| SEC 9: W2NE, SW, N2SE | |||||||||
| VALLEY COUNTY, MONTANA |
| Page 5 of 6 |
| ATTACHMENT A |
Coastal Petroleum Company - Schedule of Leases
WEST VALLEY COUNTY ASSEMBLY
| Lease Number | Lessor Name | Lessee Name | Lease Date | Expiration Date | Gross Acres | Net Acres | Book | Page | Legal |
| 101 | USA MTM-91774 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,835.10 | 1,835.10 | T37N-R35E | ||
| SEC 5: LOTS 1,2,3,4, S2N2, S2 | |||||||||
| SEC 6: LOTS 1,2,3,4,5,6,7, S2NE, SENW, E2SW, SE | |||||||||
| SEC 7: LOT 4, E2 | |||||||||
| SEC 8: W2W2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 102 | USA MTM-91775 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 996.75 | 996.75 | T37N-R35E | ||
| SEC 17: W2NW | |||||||||
| SEC 18: LOTS 1,2,3,4, NE, E2W2 | |||||||||
| SEC 19: LOT 4, SESW, SWSE | |||||||||
| SEC 20: W2 | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 103 | USA MTM-91776 | Coastal Petroleum Company | 5/31/2002 | 5/31/2012 | 1,440.00 | 1,440.00 | T37N-R35E | ||
| SEC 21: N2, E2SW, NESE, S2SE | |||||||||
| SEC 22: E2, NW, W2SW | |||||||||
| SEC 23: SWNE, NW, E2SW, W2SE | |||||||||
| VALLEY COUNTY, MONTANA | |||||||||
| 106 | USA MTM-92276 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 2,238.36 | 2,238.36 | T37N-R34E | ||
| SEC 1: LOTS 1, 2, 3, 4, S2N2, S2 | |||||||||
| SEC 2: LOTS 1, 2, 3, 4, S2N2 | |||||||||
| SEC 11: ALL | |||||||||
| SEC 12: N2, SW, N2SE, SWSE | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| 107 | USA MTM-92277 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 440.00 | 440.00 | T37N-R34E | ||
| SEC 10: NE, E2W2 | |||||||||
| SEC 12: SESE | |||||||||
| SEC 13: E2NE | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| 108 | USA MTM-92278 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 40.00 | 40.00 | T37N-R34E | ||
| SEC 10: SWNW | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| 109 | USA MTM-92279 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 2,440.00 | 2,440.00 | T37N-R34E | ||
| SEC 13: W2NE, NW, S2 | |||||||||
| SEC 14: ALL | |||||||||
| SEC 23: ALL | |||||||||
| SEC 24: N2, SW, N2SE, SWSE | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| 110 | USA MTM-92280 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 480.00 | 480.00 | T37N-R34E | ||
| SEC 15: S2 | |||||||||
| SEC 22: E2E2 | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| 111 | USA MTM-92281 | Coastal Petroleum Company | 12/11/2002 | 12/31/2012 | 920.00 | 920.00 | T37N-R34E | ||
| SEC 25: NWNE, S2NE, NW, S2 | |||||||||
| SEC 26: E2 | |||||||||
| PHILLIPS COUNTY, MONTANA | |||||||||
| TOTAL ACRES | 62,164.13 | 62,164.13 | |||||||
| Page 6 of 6 |
| ATTACHMENT A |
