Oil and Gas Leases

October 24, 2003

J. W. Winzeler, Houston, Texas, 2 year lease to Gary Alsobrook, Elizabeth, Colorado, Section 6: SE/4, T18S, R41W.

Robert H. Davis, Carroll A. Ehrsam, the Baughman Foundation, 3 year lease to Chemco Ins., Castle Rock, Colorado, Section 2: NE/4, T19S, R45W.

Conoco/Phillips Company, Houston, Texas, 18 month lease to Halcyon Exploration Company, Denver, Colorado, Section 18: Lots 3 & 4, E/2SW/4, SE/4 T19S, R52W; Section 19: Lots 3 & 4, E/2SW/4, SE/4, T19S, R53W.

Barbara Marchant, fka Barbara Guerrero and Tom Gaims, Santa Monica, California, Townshend, Vermont, 3 year lease to Halcyon Exploration Company, Section 19: Lot 3, 4, SE, E2SW T19S, R52W; Section 24: S2, T19S, R53W.

Petroleum, Inc., Wichita, Kansas, 2 year lease to Energy Alliance Company, Inc., Wichita, Kansas, Section 10: E/4SW/4; Section 11, E/4NE/4, T18S, R44W.

Paul J. and Frances E. Zenobia Living Trust/Marital Family, Frances E. Zenobia, Trustee, and Maxine J. Piercy, Maxine J. Piercy Trust, and Michael E. O’Keefe, Sherry Reed Thomas and Patricia O’Keefe,1 year lease to Continental Limited Liability Company, Section 28: SE/4, Section 33: NE/4, T20S, R49W.

Dian S. Gillmar Trust, Berkley, California, 3 year lease to Joseph K. and Madge B. Morgan, Denver, Colorado, Section 9: NE/4, SW/4, T18S, R46W.

Larry G. Gruenwald, Denver, Colorado, and Daryl D. Gruenwald, 3 year lease to Joseph K. and Madge B. Morgan, Section 9: NW/4, T18S, R46W.