Oil and Gas Leases

June 27, 2003

Leased to Energy Alliance Company, Inc., Wichita, Kansas - Las Animas Minerals, Ltd., Dallas, Texas, 3 year lease Section 10: N/2; Section 11, SE/4; Section 14: E/2. Betty A. Vickrey, Tom Kelly, and Rosemary Kelly, South Elgin, Illinois, 1 year lease Section 10: SE/4. Lauren C. and Arlene Haugen, 1 year lease, Section 11: NW/4. Christi D. Scherler, Sheridan Lake, Colorado, 1 year lease, Section 11: NW/4.. Lynn M and Keri G. Scherler, Lubbock, Texas, 1 year lease, Section 11: NW/4, all in T18S, R44W.

Leased for 3 years to Starlite Oil, Inc., Sedalia, Colorado, John J. and Edna D. Grubb, Tribune, Kansas, Section 20: Lots 1 & 2. Robert G. and Marilyn R. Hopkins, Towner, Colorado, Section 8: Lots 3 & 4; Section 17: Lots 1 & 2 all in T19S, R41W.

Leased to Gary Alsobrook, Elizabeth, Colorado, for three years – Mary Ellen Dixon, Chadron, Nebraska, and Wilma Lee and Ross S. Hadfield, Meridian, Idaho, and France Elaine M. Kinser, Junction City, Kansas, Section 6: W/2, Frankye Edwards, Sparta, North Carolina, Section 30: SE/4, all in T17S, R41W.

Leased to Contex Energy Company, Denver, Colorado for 3 years, Wells Fargo Bank, Trustee under the Last Will and Testament of Josephine M. Smith, Section 19: Lots 3, 4, SE/4, E2SW4, T19S, R52W. Section 24: S/2, T19S, R53W.

Three year leases to Halcyon Exploration Company, Denver, Colorado, Helen Gaims, Santa Rosa, California, Section 19: Lots 3, 4, SE, E2SW, T19S, R42W; Section 24: S2, T19S, R53W. Mileral Rights, Inc., Lakewood, Colorado, Section 19: Lots 3, 4, SE/4, E/2SW/4, T19S, R52W; Section 24: S2, T19S, R53W.