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. Nami will supply 1,300 dekatherms of gas per day, delivered via Columbia Gas pipeline, at a price based on the FERC Gas Market Report, with an option for Nami to lock in a price using NYMEX futures. Payment will be made by ACH transfer. The agreement is governed by the terms of a referenced Master Gas Contract.
Exhibit 10.30
| DOMINION FIELD SERVICES, INC. | |
| Dominion | Natural Gas Purchase Confirmation |
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| New |
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| DFS K #2007-00-0002 |
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): |
| IPP Pool to Pool Transfer from Pool # 49505 |
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| 5. Price: |
| 100% inside FERC Gas Market Report (Columbia Gas Transmission Corp. Appalachia) 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. Price Lock-In: |
| Nami Resources Company, LLC has the right to lock-in a price up to 12:00 p.m. E.T. the last business day before expiration of NYMEX Natural Gas Futures Contract for the applicable period(s) using a NYMEX component then offered by Buyer, plus or minus the basis then being offered by Buyer. If no lock-in, the price automatically defaults to the price stated above. The provisions of the Master Gas Contract under Article 4.1(b) apply to each lock-in price. |
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| 7. 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: | Joseph C. Vanzant |
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| CEO and President |
| Title: | Vice President, Gas Supply | |||
| Tax ID or SSN: | 61-1351468 |
| Date: | 12/28/04 | |||
