Dominion Field Services and Nami Resources Gas Purchase Confirmation (2007)
Dominion Field Services, Inc. and Nami Resources Company, LLC entered into a firm natural gas purchase agreement for the period from January 1, 2007, to December 31, 2007. Under this agreement, Dominion will purchase approximately 1,300 dekatherms of natural gas per day from Nami, delivered via the Columbia Gas pipeline. The price is set at $5.97 plus the monthly basis difference per dekatherm. Payment is made by ACH transfer, and both parties are bound by the terms of their existing Master Gas Contract.
Exhibit 10.29
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| DOMINION FIELD SERVICES, INC. | |
| Dominion |
| Natural Gas Purchase Confirmation |
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| DFS K #2007-00-0001 |
This Confirmation is a “Firm” obligation, consistent with the General Terms and Conditions set forth in the Master Gas Contract between Buyer and Seller which are incorporated herein by reference (Contract #DFS-NAMIRES01).
| BUYER: |
| Dominion Field Services |
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| SELLER: |
| Nami Resources Company, LLC |
| 1. Primary Term: |
| January 1, 2007 through December 31, 2007 |
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| 2. Quantity: |
| 1,300 Dth per day |
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| a. | Unless otherwise stated, if purchase is of metered gas, the above quantity is approximate. If the purchase is from a pool, quantity is firm. |
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| 3. Pipeline: |
| TCO (Columbia Gas) – PL |
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| 4. Delivery Point(s): |
| TCO IPP Pool to Pool Transfer from Pool # 49505 |
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| 5. Price: |
| $5.97 plus the actual basis (difference between the Monthly Index and the NYMEX Settlement) each month per Dth |
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| a. | Seller is responsible for any fees and shrinkage pursuant to Articles 3.4 and 4.1(c) of the Master Gas Contract. |
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| 6. Notes: |
| Payment Made via ACH Transfer. |
| If this description is contrary to our verbal agreement, please notify buyer by the close of the 5th Business Day following receipt. Your failure to notify Buyer of any such contrary understanding by such time constitutes your confirmation of the transaction as described above. |
| SELLER |
| BUYER | ||||
| Nami Resources Company, LLC |
| Dominion Field Services, Inc. | ||||
| 333 West Vine |
| 2539 Washington Road | ||||
| Suite 300 |
| Suite 1010 | ||||
| Lexington, KY 40507 |
| Upper St. Clair, PA 15241 | ||||
| (859) 381-1427 |
| (412) 854-5010 | ||||
| (859) 254-8639 (Fax) |
| (412) 854-5056 (Fax) | ||||
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| By: | /s/ Majeed S. Nami |
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| By: | /s/ Joseph C. Vanzant | |
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| President and CEO |
| Title: | Vice President, Gas Supply | ||
| Tax ID or SSN: | 61-1351468 |
| Date: | 12/16/04 | ||
