Term sheet

EX-10.7 4 h35813a1exv10w7.htm TERM SHEET exv10w7

Exhibit 10.7

TERM SHEET
October 11, 2005

1.		Period covered by Term Sheet:

		November 1, 2005 through October 31, 2006

2.		Quantity of Gas to be Delivered:

		Estimated 38,500 Dt/Month (See Attached Exhibit)

3.		Points of Delivery:

		Into Dominion Transmission, Inc.

4.		Price:

		100% of Index (as published by Inside F.E.R.C.’s Gas Market Report for Appalachian gas delivered into Dominion Transmission for the first of the month) plus $.02/Dt. The Seller may request a negotiation of a mutually agreeable fixed price at a later date.

5.		The conditions of the Term Sheet are binding unless disputed within (3) business days.

APPROVED AND AGREED to as the Term Sheet to the Agreement dated March 21, 2003, between EnerVest WV, LP and Riley Natural Gas Company.

ENERVEST WV, LP

EXHIBIT
to the Term Sheet dated
October 11, 2005