<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (date of earliest event reported) May 29, 1998
NORTH COAST ENERGY, INC.
(Exact name of registrant as specified in its charter)
Commission File Number 0-18691
Delaware 34-1594000
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification Number)
1993 Case Parkway
Twinsburg, Ohio 44087-2343
(Address of principal executive offices)
Registrants telephone number, including area code: (330) 425-2330
ITEM 2. Acquisition or Disposition of Assets
------------------------------------
Effective May 29, 1998, North Coast Energy, Inc. (the "Company" or
"North Coast") acquired the assets of Kelt Ohio, Inc., headquartered in
Cambridge, Ohio. The acquisition was made pursuant to a Purchase and
Sale Agreement dated April 8, 1998 as amended May 12, 1998. The
purchase price for the acquired assets was $16 million. The acquired
assets approximately 900 natural gas and oil wells and Kelt's brine
disposal facilities, drilling and service rigs, natural gas compressors
and gas gathering systems, and a large inventory of oilfield service
equipment and supplies. The purchase price was negotiated at
arms-length by the parties.
The acquisition increases by approximately 180%, the Company's proved
reserves to 52 Bcfe and increases the discounted present value of the
Company's reserves by 140% to $35 million at March 31, 1998.
The Company funded the acquisition using cash and an increase in its
existing line of credit. Approximately $15 million of the $16 million
purchase price was financed under a recently expanded credit facility
with the remaining amount paid in cash. The amended credit facility
expands the Company's credit line to $25 million. Under certain
circumstances payments or a portion of the outstanding facility can be
accelerated. Availability and the credit agreement are reduced to $1.2
million as of June 8, 1998.
The foregoing description of the above described action is qualified in
its entirety by reference to the exhibits filed herein.
ITEM 7. Financial Statements and Exhibits.
----------------------------------
(a) To be filed by amendment pursuant to the provisions of Item
7(a)(4).
(b) To be filed by amendment pursuant to the provisions of Item
7(a)(4).
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(c) Exhibits
--------
a) Purchase and Sale Agreement dated April 8, 1998 between Kelt
Ohio, Inc., and North Coast Energy, Inc.
b) Ratification and Amendment to Purchase and Sale Agreement
dated May 12, 1998 between Kelt Ohio, Inc., and North Coast
Energy, Inc.
c) First Amendment to Credit Agreement and Promissory Note dated
May 29, 1998 between ING (U.S.) Capital Corporation and North
Coast Energy, Inc.
d) Press Release issued by North Coast Energy, Inc. on Monday,
June 1, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized officer.
NORTH COAST ENERGY, INC.
By /s/ Tim Wagers
-------------------------
Tim Wagers
Chief Financial Officer
June 12, 1998
<PAGE> 1
Exhibit 7(c)(a)
PURCHASE AND SALE AGREEMENT
BETWEEN
KELT OHIO INC.
AND
NORTH COAST ENERGY, INC.
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PURCHASE AND SALE AGREEMENT
TABLE OF CONTENTS
<TABLE>
<S> <C>
RECITALS........................................................................................... 1
SECTION I - DEFINITIONS............................................................................ 1
SECTION 2 - PURCHASE AND SALE...................................................................... 4
2.1 Assets...................................................................... 4
2.2 Excluded Assets............................................................. 5
2.3 Revenue Measurements and Allocations........................................ 6
2.4 Operating Expense Allocation: .............................................. 7
2.5 Assumed General Liabilities................................................. 7
SECTION 3 - PURCHASE PRICE AND PAYMENTS............................................................ 8
3.1 Purchase Price.............................................................. 8
3.2 Payment Procedures.......................................................... 8
3.3 Cash Settlement............................................................. 8
3.4 Escrow...................................................................... 9
SECTION 4 - TITLE EXAMINATION...................................................................... 9
4.1 Access to Title Information................................................. 9
4.2 Title Defects............................................................... 10
4.3 Notice of Title Defect...................................................... 10
4.4 Remedies for Title Defects.................................................. 10
4.5 Consolidation Coal Company.................................................. 10
SECTION 5 - ENVIRONMENTAL MATTERS.................................................................. 10
5.1 Physical Condition of the Assets............................................ 11
5.2 Environment Review.......................................................... 11
5.3 Disclaimer.................................................................. 11
5.4 Environment Defects......................................................... 11
5.5 Notice of Environment Defect............................................... 12
5.6 Buyers Right to Terminate for Environmental Defect.......................... 12
5.7 Assumption of Environmental Liability....................................... 12
5.8 Kelt's Knowledge of Environmental Liabilities............................... 12
SECTION 6 - OPERATIONS AND CASUALTY LOSS........................................................... 13
6.1 Operations.................................................................. 13
6.2 Casualty Loss............................................................... 13
SECTION 7 - REPRESENTATIONS AND WARRANTIES OF KELT................................................. 13
7.1 Organization................................................................ 13
7.2 Authority to do Business.................................................... 13
7.3 Binding Obligation.......................................................... 13
7.4 Litigation, Suits or Claims ................................................ 14
7.5 Relation to Assumed Liabilities............................................. 14
7.6 Disclaimer of Warranties.................................................... 14
7.7 Disclosure.................................................................. 14
</TABLE>
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<TABLE>
<S> <C>
SECTION 8 - REPRESENTATIONS AND WARRANTIES OF BUYER................................................ 15
8.1 Organization................................................................. 15
8.2 Authority, Enforceability.................................................... 15
8.3 Litigation, Suits or Claims.................................................. 16
8.4 Disclosure................................................................... 16
8.5 No Breach.................................................................... 16
8.6 Investigations of Assets..................................................... 16
8.7 No Distribution.............................................................. 16
8.8 Off and Gas Experience....................................................... 16
SECTION 9 - CONDITIONS PRECEDENT TO THE OBLIGATIONS OF KELT........................................ 17
9.1 Purchase Price............................................................... 17
9.2 Buyer's Representations and Warranties True.................................. 17
9.3 Officer's Certificate; Opinion of Counsel.................................... 17
9.4 Pre-Closing Performance...................................................... 18
9.5 Authorization................................................................ 18
9.6 Absence of Litigation........................................................ 18
9.7 Bonds........................................................................ 18
SECTION 10 - CONDITIONS PRECEDENT TO THE OBLIGATIONS OF BUYER...................................... 18
10.1 Delivery of Instruments of Transfer.......................................... 18
10.2 Representations and Warranties............................................... 19
10.3 Authorization................................................................ 19
10.4 Opinion of Kelt's Counsel.................................................... 19
10.5 Absence of Litigation........................................................ 19
10.6 Officer's Certificate........................................................ 20
10.7 Guarantee.................................................................... 20
SECTION I 1 - COVENANTS............................................................................ 20
11.1 Investigation and Decision................................................... 20
11.2 Additional Agreements........................................................ 21
11.3 Notices...................................................................... 21
11.4 Notification of Certain Matters.............................................. 21
11.5 Announcements................................................................ 21
11.6 Termination of Commitments................................................... 22
11.7 Brokers...................................................................... 22
11.8 Disposal of Assets and Incurring of Expenditure.............................. 22
11.9 Non-Competition.............................................................. 22
11.10 Contractors.................................................................. 22
11.11 LTV.......................................................................... 22
11.12 Affiliate Interests.......................................................... 23
SECTION 12 - EMPLOYEE MATTERS...................................................................... 23
12.1 Employee List................................................................ 23
12.2 Discussion with Employees.................................................... 23
12.3 Agreement Termination........................................................ 23
12.4 Hired Employee List.......................................................... 23
</TABLE>
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<TABLE>
<S> <C>
SECTION 13 - TAXES ................................................................................ 23
13.1 Apportionment of Ad Valorem and Property Taxes............................... 23
13.2 Sales Taxes, Filing Fees, Etc................................................ 23
13.3 Other Taxes.................................................................. 24
SECTION-14 - TERMINATION........................................................................... 24
14.1 Termination.................................................................. 24
14.2 Effect of Termination........................................................ 24
14.3 Liquidated Damages........................................................... 25
14.4 Specific Performance......................................................... 25
14.5 Rights to Assets Upon Termination............................................ 25
SECTION 15 - MISCELLANEOUS......................................................................... 25
15.1 Governing Law ............................................................... 25
15.2 Assignment................................................................... 25
15.3 Written Notices.............................................................. 25
15.4 Expenses..................................................................... 26
15.5 Waiver of Compliance with Bulk Transfer Laws................................. 26
15.6 Deceptive Trade Practices Waiver............................................. 26
15.7 Waiver of Jury Trial......................................................... 27
15.8 Limitation of Liability...................................................... 27
15.9 No Admissions................................................................ 27
15.10 Use of Kelt's Name........................................................... 27
15.11 Exhibits Incorporated........................................................ 28
15.12 Entire Agreement, Etc........................................................ 28
15.13 Parties in Interest.......................................................... 28
15.14 Severability................................................................. 28
15.15 Consents..................................................................... 28
15.16 Knowledge and Representations................................................ 28
SECTION 16 - SURVIVAL.............................................................................. 28
SECTION 17 - CLOSING............................................................................... 29
17.1 Time of Essence.............................................................. 29
17.2 Place and Date............................................................... 29
17.3 Kelt's Actions at Closing.................................................... 29
17.4 Buyer's Actions at Closing................................................... 29
17.5 Notices...................................................................... 30
SECTION 18 - ACTIONS AFTER CLOSING................................................................. 30
18.1 Final Accounting............................................................. 30
18.2 Receipts and Credits......................................................... 30
18.3 Suspended Funds.............................................................. 30
18.4 Further Assurances........................................................... 31
18.5 Recording.................................................................... 31
18.6 Books and Records............................................................ 31
</TABLE>
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PURCHASE AND SALE AGREEMENT
THIS PURCHASE AND SALE AGREEMENT ("AGREEMENT") is entered into this 8th
day of April, 1998, by and between KELT OHIO, INC., A Delaware Corporation, with
an office at 5748 Glenn Highway, Cambridge, Ohio 43725 (hereinafter referred to
as "KELT"), and NORTH COAST ENERGY, INC., a Delaware Corporation, whose address
is 1993 Case Parkway, Twinsburg, Ohio (hereinafter referred to as "BUYER").
RECITALS
WHEREAS, KELT is the holder of certain assets which include oil and gas
interests and properties in the state of Ohio; and
WHEREAS, KELT desires to sell substantially all of such oil and gas
interests, properties and related rights, as hereinafter described, to BUYER and
BUYER desires to purchase such interests, properties and rights from KELT, upon
the terms and subject to the conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the covenants and agreements
contained herein, KELT and BUYER agree as follows:
SECTION 1
---------
DEFINITIONS
Capitalized terms used in this Agreement shall have the meanings
defined either in this Section 1 or elsewhere in this Agreement.
"AFFILIATE" means, with respect to any Person, any other Person
directly or indirectly controlling, controlled by, or under common control with,
such Person; for purposes of this definition, "control" shall mean the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of an entity, whether through the
ownership of voting securities or otherwise.
"ASSETS OR PROPERTY" shall have the meaning specified in Section 2.1.
"ASSUMED LIABILITIES" shall mean all liabilities assumed by BUYER under
the terms of Section 2.5 and 5.3 or elsewhere in this Agreement.
"CASH SETTLEMENT" shall have the meaning specified in Section 3.3.
"CLOSING" means the consummation of the transactions contemplated in
this Agreement.
"CLOSING DATE" means the date of Closing
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"DUE DILIGENCE PERIOD" shall have the meaning specified in Section 4.1
and 5.2.
"EFFECTIVE DATE" shall mean April 8, 1998, subject to the provisions of
Sections 2.3 and 2.4 pertaining to allocations of revenues and operating
expenses.
"ENVIRONMENTAL LAW" includes any Legal Requirements applicable to the
Assets (or operations thereon or related to such Assets) that relates to
pollution or protection or cleanup of the environment (including, but not
limited to, ambient air, surface water, groundwater, land surface or subsurface
strata), and any Legal Requirements relating to:
(i) release, emission, discharge, spill, escape, containment, control,
removal, remediation, response, cleanup or abatement of any sort
of Hazardous Substance;
(ii) the production, extraction, manufacture, generation, formulation,
processing, labeling, distribution, use, permitting, treatment,
handling, storage, disposal or transportation of any Hazardous
Substance;
(iii)the physical structure or condition of a building, facility,
fixture or other structure which involves the management, use,
storage, release, disposal, cleanup, removal or control of
asbestos, polychlorinated biphenyls or any other Hazardous
Substance;
(iv) restoration or reimbursement of costs to restore natural
resources, or any natural resource damage assessment; and
(v) federal and state occupational safety and health laws.
"ENVIRONMENTAL LIABILITIES" means any and all losses, liabilities,
claims, fines, expenses, damages, costs (including attorney's fees and expenses)
and causes of action created by, related to, or arising out of any Environmental
Law, or breach of any environmental law.
"ESCROW AGENT" means Huntington Trust Company NA, P. O. Box 5065,
Cleveland, Ohio 44101
"EXCLUDED ASSETS" shall have the meaning specified in Section 2.2.
"FINAL ACCOUNTING" shall have the meaning specified in Section 18.1.
"GATHERING SYSTEMS" shall have the meaning specified in Section 2.1.
"HAZARDOUS SUBSTANCE" means (i) any substance, product, waste or other
material of any nature whatsoever which is or becomes listed as a hazardous
substance, hazardous waste, hazardous material or pollutant, or is regulated or
addressed with respect to health, safety or environmental matters pursuant to
any Legal Requirements, (ii) any substance, product, waste or other material of
any nature whatsoever which may give rise to liability under any Legal
Requirements, (iii) petroleum and its fractions, crude oil and other petroleum
products, and (iv) radioactive materials including but not limited to naturally
occurring radioactive materials.
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"INTEREST RATE" means the Prime Rate quoted by the Wall Street Journal
on the Effective Date.
"KELT'S DISCLOSURE SCHEDULE" means Exhibit "G" to this Agreement,
containing certain disclosures made by KELT to BUYER.
"LEASEHOLD PROPERTY" shall have the meaning specified in Section 2.1.
"LEGAL REQUIREMENTS" mean any and all applicable
(i) federal, state, local and foreign laws (statutory, judicial or
otherwise), rules, ordinances, regulations and permits;
(ii) judgments, orders, decrees, decisions of and agreements with
federal, state or local courts, or any governmental authority,
bureau or agency, including any such action applying or
interpreting any other Legal Requirements, authorities or the
common law;
as any of the foregoing matters described in (i), or (ii), may be amended,
subject to variance or otherwise modified.
"LIENS" means any and all liens, mortgages, charges, pledges, security
interests, burdens or other encumbrances of any nature whatsoever including, but
not limited to, such as may arise under any contracts or judgments, restrictions
against assignment or claims not yet brought to judgment.
"MATERIAL ADVERSE EFFECT" shall mean an effect, taking into account all
facts and circumstances, on the business, properties, condition (financial or
otherwise) or operations of a Party, which has had or could reasonably be
expected to have a material adverse effect on the ability of such Party to
perform its obligations under this Agreement.
"NORM" means naturally occurring radioactive material.
"PARTY OR PARTIES" means KELT or BUYER, or KELT and BUYER respectively.
"PERMITS" means any and all permits including temporary permits to
construct or operate, authorizations, approvals, registrations, rights of way,
orders, waivers, variances or other licenses issued or granted by any federal,
state or local administrative or governmental authority, bureau or agency.
"PERSON" means any individual, partnership, joint venture, firm,
corporation, association, trust or other entity or any government or political
subdivision or any agency, department or instrumentality thereof.
"PURCHASE PRICE" shall have the meaning specified in Section 3.1.
"REAL PROPERTY" shall have the meaning specified in Section 2.1
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"TITLE DEFECT" shall have the meaning specified in Section 4.2.
SECTION 2
---------
PURCHASE AND SALE
2.1. ASSETS: Subject to the terms and conditions of this Agreement,
KELT shall sell and BUYER shall purchase as of the Effective Date, without
warranty of title (except that at Closing there are no title liens, claims, or
encumbrances, occurring by through or under Kelt since 1 February 1989 which
would have a material adverse effect on the value of the Assets), but with full
substitution and subrogation of BUYER in and to all representations and
warranties of every kind and character heretofore given or made to KELT and
KELT'S predecessors in title by others with respect thereto, all of KELT'S
right, title and interest in the following assets ("Assets" or "Property"):
2.1.1 The real property described in Exhibit "A" attached hereto and
made a part hereof ("Real Property");
2.1.2 The oil and gas leasehold estates as set forth in Exhibit "B"
attached hereto and made a part hereof ("Leasehold Property"),
being all of the oil and gas leasehold estates located in the
State of Ohio owned by KELT at the Effective Date;
2.1.3 The wells, equipment and facilities, as may exist at Closing,
which are located on or used directly in connection with the
production, treatment or transportation of oil and gas from the
Leasehold Property;
2.1.4 The collection, gathering and transmission pipelines owned and
used for the gathering of natural gas and constituent liquids
and the facilities and equipment used in connection therewith,
including the easements, rights-of-way, Permits, licenses,
surface leases, agreements, and servitudes as set forth in
Exhibit "C" attached hereto and made a part hereof ("Gathering
Systems");
2.1.5 The contracts for the purchase, sale, transportation or
processing of natural gas into, through and from the Gathering
Systems, as described in Exhibit "D" attached hereto and made a
part hereof;
2.1.6 The rolling stock, equipment, machinery, and tools as set forth
in Exhibit "E" attached hereto; and
2.1.7 The liquid hydrocarbons held in the storage tanks as of the
Effective Date, as more specifically provided in Section 2.3.1,
below.
2.1.8 Copies of the following records relating to the Leasehold
Property or the Gathering Systems to the extent they are in
KELT'S possession: lease files, unit files, lease contract
files, well files and non-interpretative geological data, but
excluding all other records, including, but not limited to,
corporate records, computer programs and general tax records
except that BUYER shall (upon reasonable notice to KELT) be
permitted to review
<PAGE> 9
such financial and tax records of KELT as are necessary to
comply with its regulatory obligations. Any data provided
hereunder is provided WITHOUT WARRANTY AS TO THE ACCURACY OR
COMPLETENESS OF THE INFORMATION CONTAINED THEREIN, and BUYER
shall rely thereon at his own risk.
2.1.9 The Consolidation Coal Company Advance Royalty referred to in
Exhibit "G".
2.2. EXCLUDED ASSETS: It is specifically agreed that KELT is not
selling and BUYER is not purchasing the following assets ("Excluded
Assets"):
2.2.1 Items sold, transferred, disposed of or consumed and contracts
terminated prior to the Closing Date in the ordinary course of
business (provided that KELT shall not sell, transfer or
dispose of any item with a fair market value exceeding $5,000
between the Effective Date and the Closing Date without the
BUYERS consent, which consent will not be unreasonably
withheld);
2.2.2 Any right to use the "KELT" name, marks or insignia, or to use
the name of any other subsidiary or corporate affiliate of KELT
(including for the avoidance of doubt, the name "Carless")
after 90 days from the date of Closing;
2.2.3 Any insurance contracts or bonds held by KELT or its affiliates
for KELT'S benefit, or any employment, consulting, office
lease, accounting or other service contracts or agreements;
2.2.4 Any interest in the Assets owned by persons other than KELT and
its Affiliates, including, without limitation, third party
royalties, overriding royalties, working interests,
participation or reversionary rights, as may pertain to the
Leasehold Property and also any materials or equipment owned by
any contractor, vendor, supplier, workmen, or transporter as
may be temporarily located upon, or used in connection with,
any of the Assets, the conveyance pursuant to this Agreement to
extend only to KELT'S right, title and interest in the Assets,
and no more; and,
2.2.5 The property described in Exhibit "F" attached hereto and made
a part hereof.
2.2.6 The office building and site located at 5748 Glen Highway,
Cambridge, Ohio (together the "Office Site"). KELT agrees that
at Closing it will enter into a standard form lease of the
Office site on the following terms:
(a) the rent shall be $1 per month
(b) the Term shall be 6 months or such lesser period
as BUYER desires
(c) BUYER shall meet all costs, except those assumed
by KELT in Section 2.2.6
(d), associated with the Office Site including but
not limited to telephones, heating, lighting,
insurance, taxes and similar levies.
<PAGE> 10
(d) KELT shall be solely responsible for the removal
of the underground storage tanks at the Office Site
and associated clean up in accordance with all
regulatory approvals and shall indemnify and hold
BUYER harmless against any liability in respect
thereof. KELT shall be entitled to carry out such
works at the Office Site during the Term as it
requires to enable it to fulfill this obligation.
(e) at expiry of the Term BUYER shall have the option
(exercisable not later than 2 weeks prior to said
expiry) to purchase the Office Site from KELT for 50%
of the cost of removing the storage tanks and
associated clean up referred to in (d) above. Kelt
agrees to provide by the aforesaid option date all
records and information reasonably requested by BUYER
to backup KELT'S calculation of the aforesaid costs.
2.3. REVENUE MEASUREMENTS AND ALLOCATIONS:
2.3.1 Prior to the Effective Date, Kelt shall, insofar as is
practical, clear the storage tanks of recoverable liquid
hydrocarbon down to the level of the pipeline connections
(commercial drawdowns), but due to the numerous tanks and the
quantities of liquid hydrocarbon as are estimated to be held in
the storage tanks as of the Effective Date the Parties agree
that the quantity of liquid hydrocarbons remaining as of the
Effective Date shall be deemed to be substantially equivalent
to ten thousand (10,000) barrels of crude oil, and BUYER shall
pay KELT as part of the Cash Settlement the value of ten
thousand (10,000) barrels of crude oil, whether the actual
volume is less or more, at the prevailing, posted price for oil
of like kind, quality and quantity as posted by Ergon Oil
Purchasing, Inc. as of the opening of business on the Effective
Date, BUYER deducting therefrom any applicable production or
severance taxes. To adjust for royalty and third party
interests it is stipulated and agreed that KELT shall be paid
based upon 83.7% of such volume, representing the approximate
average net revenue interest attributable to the Leasehold
Property. BUYER shall be responsible for paying such deducted
amounts to the relevant third parties.
2.3.2 Natural gas revenues shall be allocated as follows:
i) KELT shall be entitled to retain and receive the proceeds
of natural gas transported for sale through the East Ohio
Gas System ("EOG") up to the time the EOG meters are read
nearest the Effective Date (EOG sales meters are variously
read between the 6th and 10th days of the month) and KELT
shall be obligated to pay all applicable taxes, third
party interests and transportation costs relating to such
natural gas revenues. BUYER shall be entitled to receive
the proceeds of such natural gas transported for sale
subsequent to the time such EOG meters are read, likewise
subject to applicable taxes, third party interests and
transportation costs pertaining to such natural gas
revenues.
ii) KELT shall be entitled to retain and receive the proceeds
of natural gas transported for sale through the Columbia
of Ohio System ("COH") up to the Effective Date.
<PAGE> 11
Calculation of the proceeds due to KELT shall be a pro
rata proportion of the amount payable by COH in respect of
the payment period covering the Effective Date based on
the number of days prior to the Effective Date for which
payment is due compared with the total number of days
within the payment period and KELT shall be obligated to
pay all applicable taxes, and third party interests and
transportation costs pertaining to such natural gas
revenues. BUYER shall be entitled to recover the proceeds
of such natural gas transported for sale subsequent to the
time of the interim reading of such COH meters, likewise
subject to applicable taxes, third party interests and
transportation costs pertaining to such natural gas
revenues.
2.4. OPERATING EXPENSE ALLOCATION: KELT shall bear and pay all
operating expenses up to 12:01 a.m. on the Effective Date. BUYER shall bear and
pay all operating expenses from and after 12:01 a.m. on the Effective Date.
2.5. ASSUMED GENERAL LIABILITIES: Except as otherwise specifically set
forth in this Agreement, BUYER shall assume and discharge all duties,
liabilities and obligations, whether arising from activities on and after the
Effective Date, relating to the Assets, including, but not limited to, all
applicable valid recorded and unrecorded agreements, contracts and instruments,
including, but not limited to the agreements and contracts described herein, and
all duties imposed by governmental laws and regulations. BUYER shall defend,
indemnify and hold harmless KELT, its successors, assigns, affiliates, officers,
directors and stockholders against, and in respect of, any and all damages,
claims, losses, liabilities and expenses, including without limitation,
reasonable legal, accounting and other expenses which may arise from the Assumed
Liabilities. For the avoidance of doubt:
(a) nothing aforesaid shall be construed as a waiver by BUYER of any
representation or warranty of KELT set out in this Agreement.
(b) Assumed Liabilities shall exclude (i) any and all Income Taxes
attributable to KELT for any and all periods prior to the Effective
Date; (ii) any and all Income Taxes as a result of filing a
consolidated Federal income tax return with Kelt Energy, Inc. or any
other Affiliate for any and all periods, whether at, prior to or after
Effective Date.
SECTION 3
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PURCHASE PRICE AND PAYMENTS
3.1. PURCHASE PRICE: The Purchase Price for the Assets due on the
Effective Date shall be $20,400,000 ("Purchase Price"), payable in United States
currency (Twenty million, four hundred thousand US Dollars).
3.2. PAYMENT PROCEDURES:
3.2.1 Within 24 hours of the execution of this Agreement, BUYER
shall pay and deliver to Escrow Agent either by cashier's
check or wire transfer of immediately available funds, an
earnest money deposit (the "Deposit") of $1,000,000 (One
million US Dollars), failing which this Agreement shall
automatically terminate.
<PAGE> 12
3.2.2 At Closing, BUYER shall pay to KELT the remainder of the
Purchase Price and any Cash Settlement which may be due KELT
under Section 3.3 by wire transfer of immediately available
funds in a manner specified by KELT.
3.2.3 Provided Closing occurs, BUYER shall pay KELT interest at the
Interest Rate on the difference between the Purchase Price and
the Deposit for the period of time from the Effective Date to
the Closing Date.
3.3. CASH SETTLEMENT: At least five days before Closing KELT shall
furnish BUYER with an estimated Closing statement which shall set forth the cash
settlement ("Cash Settlement") determined by adding or subtracting as follows:
(i) add the amount of estimated expenditures made by KELT that are
attributable to the Assets for the period between the
Effective Date and Closing Date including, without limitation,
operating expenses, royalties, taxes, rentals and similar
charges and expenses, including those billed under applicable
operating agreements, and all prepaid expenses; and
(ii) add the value of the deemed volume of liquid hydrocarbons as
provided by Section 2.3.1; and
(iii) subtract the amount of estimated revenues received by KELT in
connection with sales proceeds of hydrocarbons and associated
products, together with any other income, attributable to
production from the Assets accruing after the Effective Date.
Any final adjustments or reconciliations to the Cash Settlement shall be made in
connection with the Final Accounting as set forth in Section 18, below.
3.4 ESCROW:
3.4.1 The Escrow Agent shall be instructed to immediately notify the
Parties on receipt of the Deposit.
3.4.2 The Escrow Agent shall be instructed to release the Deposit as
follows:
(a) to KELT at Closing (and Closing shall not be completed
until this sum has been received by KELT);
(b) to KELT up to the Liquidated Damages Amount if BUYER fails
to effect Closing in breach of this Agreement, with the
balance being released to BUYER;
(c) to BUYER if Closing does not occur for any reason other
than (b) above.
3.4.3 The fees of the Escrow Agent shall be met equally by KELT and
BUYER.
<PAGE> 13
SECTION 4
---------
TITLE EXAMINATION
4.1. ACCESS TO TITLE INFORMATION: After the date of this Agreement
and until the 29th April 1998 (the "Due Diligence Period"), KELT shall make the
records described in 2.1.8 available to BUYER at KELT'S offices located at 5748
Glenn Highway, Cambridge, Ohio 43725, or such other place as deemed appropriate
by KELT, during normal business hours, for examination by BUYER. KELT shall not
be obligated to perform any title work, and no abstracts or title opinions will
be made current by KELT. NO WARRANTY OF ANY KIND IS MADE BY KELT AS TO THE
INFORMATION SO SUPPLIED, AND BUYER AGREES THAT ANY CONCLUSIONS DRAWN THEREFROM
SHALL BE THE RESULT OF ITS OWN INDEPENDENT REVIEW AND JUDGMENT. BUYER AGREES TO
CONDUCT A THOROUGH AND COMPLETE INVESTIGATION AND REVIEW OF THE APPLICABLE
GOVERNMENT RECORDS. BUYER ASSUMES THE RISK OF ANY TITLE DEFECTS AND/OR
CONFLICTING ADVERSE RIGHT(S), TITLE(S) AND/OR INTEREST(S) WHICH SUCH A RECORD
TITLE CHECK AND/OR PHYSICAL INSPECTION REVEALS OR WOULD HAVE REVEALED, SUBJECT,
HOWEVER, TO KELT'S LIMITED WARRANTY REFERRED TO IN SECTION 2.1.
4.2. TITLE DEFECTS: In this Agreement, a "Title Defect" shall mean
a defect in one or more of the following respects only:
4.2.1 KELT owns less than the interest shown in Exhibit "B" in one or
more of the Leasehold Properties;
4.2.2 KELT'S rights and interest in one or more of the Leasehold
Properties are subject to being reduced by virtue of the
exercise by a third party of a reversionary, back-in or similar
right not reflected in Exhibit "B";
4.2.3 KELT'S title at the Effective Date, as to one or more of the
Assets, is subject to a Lien unless KELT shall undertake to
pay, discharge and satisfy such Lien at or before Closing;
4.2.4 Any of the Assets described in Exhibits "A", "B" "C", "D" or
"E" are missing or lost and cannot be located or replaced on or
before the Closing Date.
Provided, however, that any defect described in KELT'S Disclosure Schedule
attached hereto as Exhibit "G" shall not be deemed a Title Defect and BUYER
shall purchase the Assets subject to such disclosed defects.
4.3. NOTICE OF TITLE DEFECT: Upon discovery of a Title Defect, BUYER
shall immediately notify KELT in writing of the nature of the Title Defect.
Subject to Section 4.5 any Title Defect which is not brought to KELT'S attention
by the end of the Due Diligence Period shall conclusively be deemed waived by
BUYER for all purposes, subject to KELT'S limited warranty referred to in
Section 2.1.
4.4. REMEDIES FOR TITLE DEFECTS: Upon timely delivery of notice by
BUYER of a Title Defect, BUYER and KELT shall meet and use their best efforts to
agree on the validity of any adverse
<PAGE> 14
claim and the method and feasibility of curing any defect. If the Parties are
unable to agree as to such matters, and if BUYER reasonably considers that the
cumulative net value of the Title Defects would materially diminish the value of
the Assets, the BUYER shall be entitled to terminate this Agreement by written
notice to KELT delivered prior to the expiry of the Due Diligence Period
referred to in Section 4.1 (or such later date as is mutually agreed), subject
to Section 4.5, and the effect of such termination shall be as set forth in
Section 14.2.1, below.
4.5. CONSOLIDATION COAL COMPANY: If at expiry of the period referred to
in Section 4.4, the written approval by Consolidation Coal Company of the
assignment of the relevant leasehold interests from KELT to BUYER has not been
obtained (failure to obtain such consent being agreed by the Parties to
constitute a Title Defect allowing BUYER to give notice under Section 4.4), the
period in which BUYER can terminate the Agreement pursuant to Section 4.4 shall
be extended by such period, not exceeding 28 days, as is required to obtain such
approval.
SECTION 5
---------
ENVIRONMENTAL MATTERS
5.1. PHYSICAL CONDITION OF THE ASSETS: BUYER acknowledges that the
Assets have been used for oil and gas drilling and production operations,
natural gas gathering and processing, related oil and gas field operations and
possibly for the storage and disposal of Hazardous Substances, and the Assets
may be contaminated with such materials. Physical changes in or under the
Leasehold Properties, Gathering Systems or adjacent lands may have occurred as a
result of such uses. The Assets contain wells, sumps, landfills, pits, ponds,
tanks, impoundments, foundations, pipelines and other facilities, whether or not
of a similar nature, any of which may be buried, and which may contain Hazardous
Substances, the locations of which may not be known to KELT or be readily
apparent by a physical inspection of the property. Further, spills, leaks,
blowouts and routine operations may have led to contamination of the Assets with
Hazardous Substances, the locations of which may not be known to KELT or be
readily apparent by a physical inspection of the property. In addition BUYER
acknowledges that some oil and gas field production and gathering equipment may
contain asbestos and/or NORM. In this regard, BUYER expressly understands that
NORM may affix or attach itself to the inside of wells, materials, pipe and
equipment as scale or in other forms, and that wells, materials, pipe and
equipment located on or constituting the Assets described herein may contain
asbestos and NORM and that asbestos and NORM containing materials may be buried
or have been otherwise disposed of on the Property. BUYER also expressly
understands that special procedures may be required for the removal and disposal
of asbestos, NORM, and other Hazardous Substances from the Property where they
may be found.
5.2. ENVIRONMENTAL REVIEW: After the date of this Agreement and until
the 29 April 1998 (the "Due Diligence Period"), BUYER shall be entitled to carry
out a due diligence review of the environmental condition of the Assets.
5.3. DISCLAIMER: Notwithstanding anything contained in this Agreement
to the contrary:
IT IS SPECIFICALLY UNDERSTOOD THAT BUYER HAS NOT RELIED UPON THE
ACCURACY OR COMPLETENESS OF ANY STATEMENTS, SAMPLES, MATERIALS, TEST
RESULTS, OR OTHER INFORMATION
<PAGE> 15
SUPPLIED BY, OR RECEIVED FROM, KELT IN EVALUATING THE ENVIRONMENTAL
CONDITION OR OTHER CONDITION OF THE ASSETS AND ANY POTENTIAL LIABILITY
ARISING FROM OR RELATED TO THE ASSETS. IT IS FURTHER SPECIFICALLY
UNDERSTOOD THAT BUYER'S ASSESSMENT OF THE ENVIRONMENTAL CONDITION AND
OTHER CONDITION AND ANY POTENTIAL LIABILITY ARISING FROM OR RELATED TO
THE ASSETS HAS BEEN BASED UPON BUYER'S OWN INDEPENDENT EXAMINATION.
5.4. ENVIRONMENTAL DEFECTS: In this Agreement, an "Environmental
Defect" shall mean an Environmental Liability relating to the Assets which the
Buyer reasonably considers, either alone or in conjunction with other
Environmental Liabilities relating to the Assets, would materially diminish the
value of the Assets.
5.5 NOTICE OF ENVIRONMENTAL DEFECT: Upon discovery of an Environmental
Defect, BUYER shall immediately notify KELT in writing of the nature of the
Environmental Defect. Any Environmental Defect which is not brought to KELT'S
attention by the end of the Due Diligence Period referred to in Section 5.2
shall conclusively be deemed waived by BUYER for all purposes, except that
nothing herein contained shall be construed to limit the warranty of KELT
contained in Section 5.8.
5.6 BUYERS RIGHT TO TERMINATE FOR ENVIRONMENTAL DEFECT: BUYER shall be
entitled to terminate this Agreement by written notice to KELT delivered prior
to the expiry of the Due Diligence Period referred to in Section 5.2 (or such
later date as is mutually agreed) by reason of Environmental Defect and the
effect of such termination shall be as set forth in Section 14.2.1 below.
5.7. ASSUMPTION OF ENVIRONMENTAL LIABILITIES: In the event that Closing
occurs , subject to Section 5.8, any and all Environmental Defects and
Environmental Liabilities for operations on, or conditions on, relating to or
arising from the Assets, whether relating to or arising from activities before
or after the Effective Date, shall be assumed and discharged by BUYER. It is
agreed that, in addition to the defined terms and not exclusive of the meaning
of such defined terms, the following are included as Environmental Liabilities
assumed by BUYER hereunder: (i) the presence of adverse physical conditions;
(ii) the duty to plug, abandon, remove or cleanup such conditions including but
not limited to oil, gas, injection, water or other wells, sumps, landfills, pits
ponds, tanks, impoundments, foundations, pipelines, and structures and equipment
of any kind or description, whether known or unknown or whether or not revealed
by BUYER'S investigation; and (iii) the restoration of the Assets and surface of
the land as may be required under applicable Legal Requirements including but
not limited to any lease, easement or similar legal instrument. As of the
Effective Date, all responsibility and liability related to all such conditions,
whether known or unknown, is transferred from KELT to BUYER. BUYER shall defend,
indemnify and hold harmless KELT, its successors, assigns, affiliates, officers,
directors and stockholders against, and in respect of, any and all damages,
claims, losses, liabilities and expenses, including without limitation,
reasonable legal, accounting and other expenses which may arise from the Assumed
Environmental Liabilities.
<PAGE> 16
5.8 KELT'S KNOWLEDGE OF ENVIRONMENTAL LIABILITIES: KELT warrants that
it has no knowledge of any Environmental Liability relating to or arising from
the Assets except as disclosed at or prior to the Effective Date. This warranty
shall not apply to:
(a) any liabilities relating to (i) plugging and abandonment of wells
and (ii) associated site restoration (except to the extent that it
involves the removal of Hazardous Substances therefrom);
(b) each individual claim in respect of Environmental Liability of less
than $50,000.
SECTION 6
---------
OPERATIONS AND CASUALTY LOSS
6.1. OPERATIONS: Between the Effective Date and Closing, KELT shall
operate the Assets in a good and workmanlike manner. At Closing such operations
shall be turned over to and become the responsibility of Buyer. However, KELT
shall have no liability as operator to BUYER for any operations by KELT under
this Section 6.1, for loss or damages sustained, or liabilities incurred, except
as may result directly from KELT'S gross negligence or willful misconduct. Such
operations from and after the Effective Date shall be conducted by KELT for and
on behalf of BUYER.
6.2. CASUALTY LOSS: The risk of casualty loss relating to the Assets
shall pass from KELT to BUYER as of the date of this Agreement, and BUYER shall
assume all risk of any change in the condition of the Assets from such date
except that:
(i) BUYER shall be entitled to the benefit of any insurance proceeds
paid in respect of such casualty loss and
(ii)KELT shall be liable for any such casualty loss which is uninsured
if such loss was caused by KELT'S negligence.
SECTION 7
---------
REPRESENTATIONS AND WARRANTIES OF KELT
Except as otherwise specifically set forth in this Agreement and the
Exhibits hereto, KELT represents and warrants to BUYER as follows:
7.1. ORGANIZATION: KELT is a corporation duly organized, validly
existing and in good standing under the laws of the state of Delaware.
7.2. AUTHORITY TO DO BUSINESS: KELT has all requisite power and
authority to own or lease and operate the Assets and to carry on the business as
now conducted.
<PAGE> 17
7.3 BINDING OBLIGATION:
7.3.1 KELT has all requisite corporate power and authority to enter
into and perform its obligations under this Agreement and to
carry out the transactions contemplated hereby.
7.3.2 All corporate acts and other proceedings required to be taken
by KELT to authorize the execution, delivery and performance by
KELT of this Agreement, have been duly and properly taken.
7.3.3 This Agreement has been duly executed and delivered by KELT and
constitutes the valid and binding obligation of KELT,
enforceable against KELT in accordance with its terms.
7.3.4 The execution, delivery and performance by KELT of this
Agreement does not and will not conflict with, or result in any
violation of or default under any provision of the Articles of
Incorporation or Bylaws of KELT or any law, ordinance, rule,
regulation, order, decree, agreement, instrument or license
applicable to KELT or to the Assets.
7.4 LITIGATION, SUITS OR CLAIMS: There are no actions, suits or
proceedings pending or threatened in writing against KELT which if decided
unfavorably to KELT could have a Material Adverse Effect on KELT or which would
materially diminish the value of the Assets, and, except as disclosed, KELT has
not received any written notice of violation from any regulatory authority
requiring action to be taken in respect of the Assets or alleging violation of
any regulatory code or regulations.
7.5 RELATION TO ASSUMED LIABILITIES: Nothing contained in this
Section 7 shall be deemed a representation or warranty by KELT with respect to
matters covered by any obligation of BUYER which is an Assumed Liability, but
this disclaimer is not intended to affect in any way KELT'S warranty in Section
5.8.
7.6 DISCLAIMER OF WARRANTIES: EXCEPT AS OTHERWISE EXPRESSLY
PROVIDED IN THIS AGREEMENT, THE ASSETS ARE SOLD "AS IS", "WHERE IS" AND "WITH
ALL FAULTS AS TO ALL MATTERS" (EXCEPT IN THE EVENT OF INTENTIONAL MISSTATEMENTS
OR FRAUDULENT CONDUCT BY KELT), AND KELT EXPRESSLY DISCLAIMS AND NEGATES ANY
REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED, AT COMMON LAW, BY STATUTE, OR
OTHERWISE RELATING TO (a) THE CONDITIONS OF THE ASSETS (INCLUDING, WITHOUT
LIMITATION, ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, OR FITNESS FOR A
PARTICULAR PURPOSE, OR OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS), (b) ANY
INFRINGEMENT BY KELT OF ANY PATENT OR PROPRIETARY RIGHT OF ANY THIRD PARTY, (c)
ANY INFORMATION, DATA OR OTHER MATERIALS (WRITTEN OR ORAL) FURNISHED TO BUYER BY
OR ON BEHALF OF KELT (INCLUDING WITHOUT LIMITATION, IN RESPECT TO GEOLOGICAL AND
ENGINEERING DATA, THE EXISTENCE OR EXTENT OF OIL, GAS OR OTHER MINERAL RESERVES,
THE RECOVERABILITY OF OR THE COST OF RECOVERING ANY SUCH RESERVES, THE VALUE OF
SUCH RESERVES, ANY PRODUCT PRICING ASSUMPTIONS, AND THE
<PAGE> 18
ABILITY TO SELL OIL OR GAS PRODUCTION AFTER CLOSING), AND (d) THE ENVIRONMENTAL
CONDITION AND OTHER CONDITION OF THE ASSETS AND ANY POTENTIAL LIABILITY ARISING
FROM OR RELATED TO THE ASSETS.
7.7 DISCLOSURE: Nothing in the main body of this Agreement
(excluding the Schedules) nor any certificate to be furnished by KELT contains
or, upon delivery thereof, will contain any untrue statement of a material fact
or omission, or in delivery thereof, will omit to state a material fact
necessary to make the statements herein or therein, in light of the
circumstances under which they were made, not misleading.
7.8 NO BREACH: KELT is not party to, or subject to, or bound
by any provision of any judgment, order, writ, injunction or decree of any
court, governmental body, or any statute, rule or regulation applicable to any
such corporation which prohibits or would be violated by, or which allows for
the termination or modification of the same by entering into, or the execution
or delivery by KELT of this Agreement or the consummation by KELT of the
transactions contemplated hereby.
SECTION 8
---------
REPRESENTATIONS AND WARRANTIES OF BUYER
Except as otherwise specifically set forth in this Agreement and the
Exhibits hereto, BUYER represents and warrants to KELT as follows:
8.1. ORGANIZATION:
8.1.1 BUYER is a corporation duly organized, validly existing and in
good standing under the Laws of the state wherein it was
incorporated or organized, and is qualified to do business and
is in good standing as a foreign corporation in every other
jurisdiction where the failure to so qualify would have a
Material Adverse Effect on BUYER.
8.1.2 BUYER is authorized to do business in the state of Ohio.
8.1.3 Prior to the Closing Date of this Agreement, BUYER shall have
delivered to KELT true, correct and complete copies of BUYER'S
Certificates or Articles of Incorporation and Bylaws and
Certificates of Good Standing, as currently in effect.
8.1.4 BUYER'S headquarters and principal offices are located in the
state of Ohio.
8.2. AUTHORITY; ENFORCEABILITY:
8.2.1 BUYER has all requisite corporate power and authority to enter
into and perform its obligations under this Agreement and to
carry out the transactions contemplated hereby.
8.2.2 By 22 April 1998 all corporate acts and other proceedings
required to be taken by BUYER to authorize the execution,
delivery and performance by BUYER of this Agreement, will have
been duly and properly taken, failing which BUYER will be
<PAGE> 19
deemed to have given notice of termination of this Agreement
pursuant to Section 14.1.2
8.2.3 This Agreement has been duly executed and delivered by BUYER
and constitutes the legal, valid and binding obligation of
BUYER, enforceable against BUYER in accordance with its terms.
8.2.4 The execution, delivery and performance of this Agreement by
BUYER and the consummation by Buyer of the transactions
contemplated by this Agreement does not and will not conflict
with, or result in any violation of or default under any
provision of the Articles of Incorporation or Bylaws of BUYER,
or any law, ordinance, rule, regulation, judgment, order,
decree, agreement, instrument or license applicable to BUYER
or to its properties or assets.
8.3. LITIGATION, SUITS OR CLAIMS: There are no actions, suits or
proceedings pending or threatened in writing against BUYER which if decided
unfavorably to BUYER could have a Material Adverse Effect on BUYER.
8.4. DISCLOSURE: Neither this Agreement nor any certificate to be
furnished by BUYER contains or, upon delivery thereof, will contain any untrue
statement of a material fact or omission, or upon delivery thereof, will omit to
state a material fact necessary to make the statements herein or therein, in
light of the circumstances under which they were or are made, not misleading.
8.5. NO BREACH: BUYER is not party to, or subject to, or bound by any
provision of any judgment, order, writ, injunction or decree of any court,
governmental body, or any statute, rule or regulation applicable to any such
corporation which prohibits or would be violated by, or which allows for the
termination or modification of the same by entering into, or the execution or
delivery by BUYER of this Agreement or the consummation by BUYER of the
transactions contemplated hereby.
8.6. INVESTIGATIONS OF ASSETS: In accordance with Section 11, BUYER
has, or by the Closing Date will have, made such inspection of the Assets as it
deems appropriate, and except as otherwise expressly provided in this Agreement
BUYER will accept the Assets, "AS IS", "WHERE IS" and "WITH ALL FAULTS AS TO ALL
MATTERS" (except in the event of intentional misstatements or fraudulent conduct
by KELT).
8.7. NO DISTRIBUTION: BUYER is acquiring the Assets for its own account
for investment purposes and not with a view to or for sale in connection with
any distribution thereof within the meaning of the Securities Act of 1933, as
amended, and the rules and regulations thereunder and any applicable state
securities laws.
8.8. OIL AND GAS EXPERIENCE: BUYER (or its predecessor, if any) is and
has been during the preceding two years primarily engaged in the business of
exploring for, drilling for, producing or refining oil or gas and derives a
significant proportion of its annual gross income from exploring for, drilling
for, producing or refining oil or gas.
<PAGE> 20
SECTION 9
---------
CONDITIONS PRECEDENT TO THE
OBLIGATIONS OF KELT
The obligation of KELT to consummate the transactions contemplated by
this Agreement shall be subject to the fulfillment at Closing of each of the
following conditions, each of which may be waived by KELT except as otherwise
required by law:
9.1. PURCHASE PRICE: At Closing, BUYER shall deliver the Purchase Price
and the Cash Settlement to KELT in accordance with Section 3 hereof.
9.2. BUYER'S REPRESENTATIONS AND WARRANTIES TRUE: The representations
and warranties of BUYER contained herein on the date hereof shall have been
correct in all material respects when made, and shall be correct in all material
respects on and as of the Closing with the same force and effect as though made
at and as of such time, except for the representations and warranties
specifically relating to a time or times other than the Closing, or as may be
affected by transactions contemplated hereby.
9.3. OFFICER'S CERTIFICATE; OPINION OF COUNSEL: BUYER shall deliver to
KELT the following:
9.3.1. A certificate of an officer of BUYER certifying that:
(i) the representations and warranties of BUYER contained in
this Agreement are true and correct in all material
respects on and as of the Closing Date with the same
force and effect as though made at and as of such time,
except for representations and warranties specifically
relating to a time or times other than the Closing Date,
or except as may be affected by the transactions
contemplated hereby; and
(ii) BUYER has performed all of its obligations contained in
this Agreement required to be performed by it prior to
Closing; and
(iii) the Board of Directors of the BUYER has approved the
execution of this Agreement and a copy of the Board
resolution has been supplied to KELT.
9.3.2 An opinion rendered by legal counsel of BUYER, dated as of the
Closing, to the effect that:
(i) BUYER is a corporation duly organized, validly existing,
and in good standing under the laws of the state wherein
it was incorporated or organized and is authorized to do
business in the state of Ohio;
(ii) BUYER has full power to carry out the transactions
provided for in this Agreement and this Agreement has
been duly executed and delivered by BUYER and this
Agreement is the legal and binding obligation of BUYER
enforceable in accordance with its terms; and,
<PAGE> 21
(iii) The execution, delivery and performance of this
Agreement by BUYER and the consummation by BUYER of the
transactions contemplated by this Agreement will not
constitute a breach, violation, or default under the
Certificate or Articles of Incorporation or Bylaws of
BUYER.
9.4. PRE-CLOSING PERFORMANCE: BUYER shall have performed, observed or
complied in all material respects with all its obligations and conditions
required by this Agreement to be performed, observed or complied with by it at
or prior to Closing.
9.5. AUTHORIZATION: All corporate actions necessary to authorize the
execution, delivery and performance of this Agreement and the consummation of
the transactions contemplated hereby shall have been duly and validly taken by
BUYER.
9.6. ABSENCE OF LITIGATION: No litigation or administrative proceeding
shall be pending (or threatened), and no investigation shall have been commenced
(and be pending), by BUYER or any third party seeking to restrain or prohibit
(or questioning the validity or legality of) the consummation of the
transactions contemplated by this Agreement or seeking damages in connection
therewith which makes it unreasonable to proceed with the consummation of the
transactions contemplated hereby.
9.7. BONDS: BUYER shall have delivered to KELT either copies of such
bonds, in form and substance and issued by corporate sureties satisfactory to
KELT, or those which have been accepted by the Division of Oil and Gas Ohio
Department of Natural Resources, covering the Assets as may be required under
any laws, rules or regulations of any federal, state or local government
agencies having jurisdiction over the Assets, or a commitment by a surety
company, satisfactory to KELT, to issue such bonds upon Closing.
SECTION 10
----------
CONDITIONS PRECEDENT TO THE
OBLIGATIONS OF BUYER
The obligations of BUYER to consummate the transactions contemplated by
this Agreement shall be subject to the fulfillment, at or prior to Closing, of
each of the following conditions, each of which may be waived by BUYER except as
otherwise required by law:
10.1. DELIVERY OF INSTRUMENTS OF TRANSFER: At Closing, KELT shall
deliver to BUYER executed, and where appropriate recordable, bill of sale, lease
assignments, and other instruments of conveyance in accordance with Section 17.3
hereto.
10.2. REPRESENTATIONS AND WARRANTIES: The representations and
warranties of KELT contained in this Agreement shall be true and correct in all
material respects as of the date hereof and as of the Closing, as though made on
and as of each such time, except for changes permitted or contemplated by this
Agreement or otherwise specifically consented to by BUYER in writing, and each
of the obligations of KELT required by this Agreement to be performed and
complied with prior to or at the Closing shall have been duly performed and
complied with prior to or at the Closing.
<PAGE> 22
10.3. AUTHORIZATION:
(i) the Board of Directors of BUYER has approved the
execution of this Agreement by 22 April 1998
(ii) all corporate actions necessary to authorize the
execution, delivery and performance of this Agreement
and the consummation of the transactions contemplated
hereby shall have been duly and validly taken by KELT,
and a copy of the Board resolution approving signature
of this Agreement and Closing of the transaction has
been supplied to the BUYER.
10.4. OPINION OF KELT'S COUNSEL: BUYER shall have been furnished
with the opinion of legal counsel for KELT dated as of the Closing, to the
effect that:
10.4.1 KELT is a Corporation duly organized, validly existing, and in
good standing under the laws of the state of Delaware and is
authorized to do business in the state of Ohio;
10.4.2 KELT has full power to carry out the transactions provided for
in this Agreement; this Agreement has been duly executed and
delivered by KELT; and this Agreement is the legal and binding
obligation of KELT enforceable in accordance with its terms;
and
10.4.3 the execution, delivery and performance of this Agreement by
KELT and the consummation by KELT of the transactions
contemplated by this Agreement will not constitute a breach,
violation, or default under the Articles of Incorporation or
Bylaws of KELT.
10.5. ABSENCE OF LITIGATION: No litigation or administrative
proceeding shall be pending (or threatened), and no investigation shall have
been commenced (and be pending), by KELT or any third party seeking to restrain
or prohibit (or questioning the validity or legality of) the consummation of the
transactions contemplated by this Agreement or seeking damages in connection
therewith which makes it unreasonable to proceed with the consummation of the
transactions contemplated hereby.
10.6. OFFICER'S CERTIFICATE: KELT shall have furnished BUYER a
certificate of an officer of KELT certifying that:
10.6.1 the representations and warranties of KELT contained in this
Agreement are true and correct in all material respects on and
as of the Closing Date with the same force and effect as
though made at and as of such time, except for representations
and warranties specifically relating to a time or times other
than the Closing Date, or except as may be affected by the
transactions contemplated hereby; and
10.6.2 KELT has performed all of its obligations contained in this
Agreement required to be performed by it prior to Closing.
<PAGE> 23
10.7 GUARANTEE: KELT has provided a Guarantee from Kelt Energy,
Inc., its parent company, in the form of Exhibit J.
SECTION 11
----------
COVENANTS
11.1 INVESTIGATION AND DECISION: The Parties further covenant as
follows:
11.1.1 INVESTIGATION OF ASSETS: Kelt has, and/or shall have, provided
reasonable access as of the Closing Date to the Assets and
Assumed Liabilities, and BUYER has and/or shall have as of the
Closing Date (i) made such inspection and investigation of the
Assets and Assumed Liabilities as it deemed appropriate; (ii)
investigated and has knowledge of operative or proposed laws
and Legal Requirements to which the Assets are or may be
subject; (iii) accepted the Assets and Assumed Liabilities
upon the basis of its review and determination of the
applicability and effect of such laws and Legal Requirements;
(iv) reviewed and evaluated any data room materials or other
materials to which access has been provided to BUYER by KELT
under this Agreement; and (v) made such investigations of the
title, condition, status under environmental and oil and gas
laws and any other aspects of the Assets and Assumed
Liabilities as may be necessary or appropriate.
11.1.2 INDEPENDENT DECISION: BUYER has made its own independent
judgment of the commercial potential, condition and usefulness
of the Assets, taking into consideration all current
Environmental Laws and Legal Requirements and the likelihood
that such Environmental Laws and Legal Requirements will
change in the future. BUYER has such knowledge and experience
in business and financial affairs in general, securities and
investments, and of the oil and gas business as conducted and
regulated in the state of Ohio in particular, as to be capable
of evaluating the merits and risks of purchasing the Assets.
11.2 ADDITIONAL AGREEMENTS: KELT and BUYER shall execute such
further documents and instruments, requested by either Party, as may be
necessary or reasonably desirable to consummate the transactions contemplated by
this Agreement or any part thereof. Subject to the other terms and conditions of
this Agreement, each of the Parties hereto agrees to use all reasonable efforts
at its own expense to take, or cause to be taken, all actions and to do, or
cause to be done, all things necessary, proper or advisable under applicable
laws to consummate and make effective the transactions contemplated by this
Agreement. KELT and BUYER shall execute a joint closing statement acknowledging
the payment of the Purchase Price, the transfer of the Assets, and the
assumption of liabilities at the Closing, all in accordance with the terms and
provisions of this Agreement.
11.3 NOTICES FOLLOWING CLOSING:
(a) BUYER shall, as soon as possible, but no later than two
(2) working days after the date of receipt thereof, provide
KELT with a facsimile copy of all environmental notices,
advisement or complaints proposing or demanding a civil or
criminal penalty for which KELT is claimed to be responsible
or any other notice, advisement or
<PAGE> 24
complaint naming KELT as a Party, or involving any cause of
action or matter which may arise in whole or in part from the
Assets and KELT'S operations prior to the Closing Date. BUYER
shall also place a hard copy of such notice, advisement or
complaint in the mail, postage prepaid, to KELT within five
(5) working days of receipt thereof.
(b) KELT shall, as soon as possible, but no later than two (2)
working days after the date of receipt thereof, provide BUYER
with a facsimile copy of all notices relating to the Assets
and also place a hard copy of such notice or communication in
the mail, postage prepaid, to BUYER within five (5) working
days of receipt thereof.
11.4 NOTIFICATION OF CERTAIN MATTERS: Between the Effective Date
and Closing, KELT and BUYER will each give prompt notice to the other of: (i)
any information that indicates that any representation or warranty contained
herein was not true and correct as of the date hereof or will not be true and
correct as of the Closing Date; (ii) the occurrence of any event which will
result, or has a reasonable prospect of resulting, in the failure to consummate
the transactions contemplated hereunder on or before the Closing Date or to
satisfy a condition specified in Sections 9 and 10, as the case may be,
including but not limited to any fact entitling BUYER to terminate this
Agreement pursuant to the provisions of Section 14; (iii) any notice or other
communication from any third party alleging that the consent or waiver of such
third party is required in connection with the execution and delivery of this
Agreement or the consummation of the transactions contemplated by this
Agreement; and (iv) any notice of, or other communication relating to any
default or event which, with notice or lapse of time or both, would become a
default under any contract to be assigned at Closing.
11.5 ANNOUNCEMENTS: At all times prior to Closing, KELT and BUYER,
including their respective Affiliates, shall use their best efforts to cooperate
in the development and distribution of all news releases and other public
disclosures relating to the proposed transactions described in this Agreement,
and ensure that no such releases or disclosures are made without prior notice
to, and the consent of, the other Party; provided that either Party may make all
disclosures which are required or prudent under applicable laws or Legal
Requirements, including, but not limited to, regulations of the Internal Revenue
Service and the Securities and Exchange Commission.
11.6 TERMINATION OF COMMITMENTS: KELT and KELT'S Affiliates shall
have no responsibility or liability under this Agreement to provide for
insurance coverage or any such security for the Assets in any manner whatsoever
after the Closing Date.
11.7 BROKERS: Neither BUYER nor KELT has incurred any obligation or
liability, contingent or otherwise, for any fee payable to a broker or finder
with respect to the matters provided for in this Agreement, which liability may
be attributable to the other Party. Any such obligation or liability that might
exist shall be the sole obligation of the creating Party.
11.8 DISPOSAL OF ASSETS AND INCURRING OF EXPENDITURE: Between the
Effective Date and Closing KELT will not without the BUYER'S consent (which will
not be unreasonably withheld):
<PAGE> 25
(a) dispose of any Asset with an individual value exceeding
$5,000 or an aggregate value of $25,000, none of which
shall be sold under fair market value and without giving
BUYER a first right of refusal.
(b) incur any individual items of capital expenditure
exceeding $5,000.
(c) incur any items of operating expenditure which materially
differ from that incurred in the 12 months prior to
Closing.
11.9 NON-COMPETITION: For a period of 2 years following Closing KELT
will not acquire any oil and/or gas producing assets within 200 miles of
Cambridge, Ohio unless such acquisition forms part of a larger acquisition and
the assets falling within such excluded area comprise less than one third of the
value of the total assets acquired.
11.10 CONTRACTORS: KELT shall ensure that all sums properly due as at
the Closing Date to Contractors working on the Assets shall have been paid.
11.11 LTV: BUYER will continue to supply gas to LTV Steel Company,
Inc. ("LTV") in compliance with the LTV/Kelt Energy, Inc. unsigned contract
dated 15 June 1997 until the conclusion of the East Ohio June 1998 Production
Period on or about June 15, 1998.
11.12 AFFILIATE INTERESTS: Prior to Closing KELT will ensure that any
interests of its Affiliates in the Assets will be transferred to KELT and made
subject to this Agreement (subject to receipt of any required third party
consents).
SECTION 12
----------
EMPLOYEE MATTERS
12.1 EMPLOYEE LIST: Within ten days after execution of this Agreement,
KELT shall provide BUYER a list of field employees at each work location for the
Assets, indicating name, job classification, wages and benefits and years of
service with KELT.
12.2 DISCUSSION WITH EMPLOYEES: Following execution of this Agreement
BUYER shall be entitled to discuss with KELT employees the possibility of future
employment with the BUYER. BUYER agrees that all such discussions shall be
coordinated by Gary Hursey and will be conducted in such a way as to minimize
disruption of operations.
12.3 AGREEMENT TERMINATION: BUYER shall notify KELT in writing by 22
April 1998 whether or not it is satisfied (such satisfaction not to unreasonably
withheld) that the number of KELT employees indicating a willingness to work for
BUYER following Closing will enable it to operate the Assets, failing which
BUYER will be deemed to have given notice of termination of this Agreement
pursuant to Section 14.1.2.
12.4 HIRED EMPLOYEE LIST: Within thirty days after Closing, BUYER
shall provide KELT with a list of all KELT field employees hired by BUYER.
<PAGE> 26
SECTION 13
----------
TAXES
13.1 APPORTIONMENT OF AD VALOREM AND PROPERTY TAXES: All ad valorem
taxes, real property taxes, personal property taxes and similar obligations
shall be apportioned as of the Effective Date between BUYER and KELT. All such
taxes allocable to the periods before the Effective Date shall be paid by KELT,
and all such taxes allocable to the Effective Date and after shall be paid by
BUYER. Any refunds of taxes allocable to periods prior to the Effective Date
shall be the property of KELT. BUYER shall file or cause to be filed all
required reports and returns incident to such taxes which are due on or after
the Effective Date, and shall pay or cause to be paid to the taxing authorities
all such taxes reflected on such reports and returns, to the extent they relate
to periods on or after the Effective Date.
13.2 SALES TAXES, FILING FEES, ETC.: The Purchase Price provided
for hereunder is net of any sales taxes or other transfer taxes. BUYER shall be
liable for any sales tax or other transfer tax as well as any applicable
conveyance, transfer and recording fees, and real estate transfer stamp or taxes
imposed upon the sale pursuant to this Agreement. If KELT is required by
applicable state law to report and pay these taxes and fees, BUYER shall
promptly deliver a check to KELT in full payment of such taxes and fees.
13.3 OTHER TAXES: All production, severance or excise taxes,
conservation fees and other similar such taxes or fees (other than income taxes)
relating to oil and gas produced and sold from the Assets prior to the Effective
Date shall be paid by KELT, and all such taxes and fees relating to such oil and
gas produced and sold on and after the Effective Date shall be paid by BUYER.
SECTION 14
----------
TERMINATION
14.1 TERMINATION: This Agreement and the transaction contemplated
herein may be terminated at any time prior to Closing:
14.1.1 by mutual consent of the Parties;
14.1.2 by BUYER under the provisions of Section 4.4, 5.6., 8.2.2 or
12.3
14.1.3 by either Party upon the breach or default or failure to
proceed under the terms of this Agreement by the other Party.
14.2 EFFECT OF TERMINATION:
14.2.1 In the event of termination of this Agreement pursuant to
Section 14.1.1 or Section 14.1.2 above, this Agreement shall
forthwith become void, there shall be no liability or
obligation on the part of either Party or their respective
officers or directors or shareholders except as otherwise
specifically set forth herein, and Escrow Agent shall return
the Deposit in accordance with the Escrow Agent's terms of
appointment.
<PAGE> 27
Interest shall accrue to the Party receiving the Deposit (pro
rata in the event of part of the Deposit being released to
each Party).
14.2.2 In the event of termination of this Agreement by reason of any
breach or default or failure to proceed under the terms of
this Agreement by either Party (other than as provided for in
Section 14.2.1), then the aggrieved Party shall be entitled to
recover as liquidated damages a sum equal to two and one-half
percent (2.5%) of the Purchase Price (the "Liquidated Damages
Amount"). If termination is by reason of the breach, default
or failure to proceed of BUYER, KELT shall be entitled to
recover the Liquidated Damages Amount from the Deposit, Escrow
Agent to refund the Deposit, less the Liquidated Damages
Amount, to BUYER in accordance with Escrow Agent's terms of
appointment. If termination is by reason of the breach,
default or failure to proceed of KELT, Escrow Agent shall
refund the Deposit to BUYER and KELT shall additionally pay
over to BUYER a sum equal to the Liquidated Damages Amount.
14.3 LIQUIDATED DAMAGES: The Parties hereby acknowledge that the
extent of damages occasioned by breach or default or failure to proceed by
either Party would be impossible or extremely impractical to ascertain and that
the "Liquidated Damages Amount" is a fair and reasonable estimate of such
damages under the circumstances.
14.4 SPECIFIC PERFORMANCE: BUYER shall be entitled to the remedy of
specific performance as an alternative to claiming the Liquidated Damage Amount.
14.5 RIGHTS TO ASSETS UPON TERMINATION: Upon termination in any
circumstance other than as a result of breach of this Agreement by KELT, KELT
shall be free immediately to enjoy all rights of ownership of the Assets and to
sell, transfer, encumber or otherwise dispose of the Assets to any party without
any restriction under this Agreement and BUYER shall be liable for all damages
if it attempts to interfere in any way with such enjoyment or action by KELT.
SECTION 15
----------
MISCELLANEOUS
15.1 GOVERNING LAW: This Agreement shall be governed by and
interpreted in accordance with the laws of the state of Ohio.
15.2 ASSIGNMENT:
15.2.1 This Agreement and the rights and obligations hereunder shall
not be assignable by either Party hereto without the prior
written consent of the other.
15.2.2 Any Party hereto may assign or delegate any of its rights,
benefits, duties or obligations hereunder (i) to any Person,
if it has received the prior written consent provided for in
Section 15.2.1, (ii) to its legal successor, if it merges
(whether or not it is the surviving corporation), or (iii) to
any Person to whom it has made any sale, lease, transfer or
other disposition of all or substantially all of its assets;
provided, however, that no Party may make an assignment or
delegation described in clauses (ii)
<PAGE> 28
and (iii), above, unless such Party delivers to the other
Party hereto such written assumptions, affirmations and/or
legal opinions as such other Party may reasonably request to
preserve their rights and remedies hereunder.
15.2.3 Subject to Section 15.2.1 the rights, benefits, duties and
obligations of each Party hereto shall inure to the benefit
of, and be binding upon, each Party's successors, assigns or
delegates.
15.3 WRITTEN NOTICES: Any notices required to be given hereunder
shall be in writing and transmitted by telex or telecopier, delivered by air
courier, or deposited in the mail, postage prepaid and certified, and addressed
as follows or as otherwise specified by KELT and BUYER by notice hereunder:
To KELT (prior to Closing):
Kelt Ohio Inc.
P.O. Box 1478
5748 Glenn Highway
Cambridge, OH 43725
Telephone: 614-432-7359
Fax: 614-432-5733
Attention: Gary Hursey
with a copy to:
Roland Fox
General Counsel
100 Sydney Street
London SW3 6NJ
England
Telephone: 011-44-171-376-5250
Fax: 011-44-171-376-4290
After Closing, to Roland Fox alone
To BUYER:
Thomas Hill
North Coast Energy, Inc.
1993 Case Parkway
Twinsburg, OH 44087-2343
Telephone: 330-425-2330
Fax: 330-405-3298
Notices shall be effective upon receipt.
<PAGE> 29
15.4 EXPENSES: Except as otherwise provided herein, each Party shall
be solely responsible for all expenses incurred by it in connection with this
transaction (including without limitation, fees and expenses of its own counsel
and accountants).
15.5 WAIVER OF COMPLIANCE WITH BULK TRANSFER LAWS: BUYER waives
compliance with any applicable bulk transfer law relating to the transactions
contemplated by this Agreement, and agrees to assume all risk and liability in
connection with the failure to so comply.
15.6 DECEPTIVE TRADE PRACTICES WAIVER: TO THE EXTENT APPLICABLE TO THE
ASSETS OR ANY PORTION THEREOF, BUYER HEREBY WAIVES THE PROVISIONS OF THE OHIO
CONSUMER PROTECTION LAWS REGARDING FALSE, MISLEADING AND DECEPTIVE BUSINESS
PRACTICES, UNCONSCIONABLE ACTIONS AND BREACHES OF WARRANTY; PROVIDED, HOWEVER,
THAT NOTHING HEREIN CONTAINED SHALL BE DEEMED A WAIVER BY BUYER WHERE SUCH
WAIVER IS PROHIBITED BY LAW. IN ORDER TO EVIDENCE ITS ABILITY TO GRANT SUCH
WAIVER, BUYER HEREBY REPRESENTS AND WARRANTS TO KELT THAT BUYER (i) IS IN THE
BUSINESS OF SEEKING OR ACQUIRING, BY PURCHASE OR LEASE, GOODS, OR SERVICES FOR
COMMERCIAL OR BUSINESS USE, (ii) HAS ASSETS OF FIVE MILLION DOLLARS OR MORE
ACCORDING TO ITS MOST RECENT FINANCIAL STATEMENT PREPARED IN ACCORDANCE WITH
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, (iii) HAS KNOWLEDGE AND EXPERIENCE IN
FINANCIAL MATTERS THAT ENABLE IT TO EVALUATE THE MERITS AND RISKS OF THE
TRANSACTIONS CONTEMPLATED HEREBY, AND (iv) IS NOT IN A SIGNIFICANTLY DISPARATE
BARGAINING POSITION. NOTHING HEREIN CONTAINED IS INTENDED TO AFFECT THE LANGUAGE
CONTAINED IN SECTION 8.6.
15.7 WAIVER OF JURY TRIAL: KELT AND BUYER DO HEREBY IRREVOCABLY WAIVE,
TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO A TRIAL BY JURY IN
ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING BASED UPON, ARISING OUT OF, OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
15.8 LIMITATION OF LIABILITY: Except with respect to the
indemnification obligations specifically set forth herein, KELT and BUYER do
hereby covenant and agree that, after Closing, the recovery by either Party
hereto of any damages suffered or incurred by it as a result of any breach by
the other Party of any of its covenants, agreements, representations,
guaranties, warranties, disclaimers, waivers or continuing obligations under
this Agreement shall be limited to the actual damages suffered or incurred by
the non-breaching Party as a result of the breach by the breaching Party of its
covenants, agreements, representations, guaranties, warranties, disclaimers,
waivers, or continuing obligations hereunder and the breaching Party shall not
be liable to the non-breaching Party for consequential damages, including but
not limited to loss of profits, as a result of the breach. Nothing aforesaid
shall limit a Party's rights in respect of the Liquidated Damages Amount.
15.9 NO ADMISSIONS: BUYER and KELT agree that neither this Agreement,
nor any part hereof, nor any performance under this Agreement, nor any payment
of any amount pursuant to any provision of this Agreement shall constitute or be
construed as a finding, evidence of, or an admission
<PAGE> 30
or acknowledgment of any liability, fault, or past or present wrongdoing, or
violation of any law, rule, regulation, or policy, by either KELT or BUYER or by
their respective officers, directors, employees, or agents.
15.10 USE OF KELT'S NAME: As soon as practicable after Closing, and in
any event no later than 90 calendar days after Closing, BUYER shall remove or
cause to be removed the names and marks used by KELT and/or any Affiliate and
all variations and derivations thereof and logos relating thereto from the
Assets and shall not make any use whatsoever of those names, marks and logos.
15.11 EXHIBITS INCORPORATED: All Exhibits hereto are deemed a part of
this Agreement and are incorporated hereby as though fully set forth herein.
15.12 ENTIRE AGREEMENT, ETC.: This Agreement, including the Exhibits
referred to herein or delivered pursuant to this Agreement, constitutes the
entire agreement between KELT and BUYER with respect to the subject matter
hereof, and supersedes all prior oral or written agreements, commitments or
understandings with respect thereto. No amendment of this Agreement shall be
binding on the Parties unless in writing and signed by the authorized
representatives of both Parties hereto. Any waiver of any breach of any term or
condition of this Agreement shall not operate as a waiver of any other breach of
such term or condition or of any other term or condition of this Agreement. The
headings used in this Agreement are for convenience of reference only and shall
not be used to define the meaning of any provision.
15.13 PARTIES IN INTEREST: Nothing in this Agreement, whether express
or implied, is intended to confer any rights or remedies under or by reason of
this Agreement on any Persons other than the Parties to it and their permitted
respective successors and assigns, nor is anything in this Agreement intended to
relieve or discharge the obligation or liability of any third Persons to any
Party to this Agreement, nor shall any provision give any third Persons any
right of subrogation or action over and against any Party to this Agreement.
15.14 SEVERABILITY: If any provision of this Agreement shall be held
to be invalid or unenforceable under present or future law in whole or in part
by any court of any jurisdiction, such provision shall, as to such jurisdiction,
be ineffective to the extent of such invalidity or unenforceability without
invalidating the remaining provisions of this Agreement or affecting the
validity or enforceability of such provisions in any other jurisdiction.
15.15 CONSENTS: When a consent is required of either Party hereto,
such consent shall not be unreasonably withheld.
15.16 KNOWLEDGE AND REPRESENTATIONS: All references in this Agreement
to a Party having knowledge of particular facts or circumstances shall include
only such facts or circumstances actually known (either through first hand
knowledge or through such facts or circumstances having been reported to them)
by such Party's officers, directors, or supervisory personnel of such Party
directly and immediately involved in the transactions which are the
subject-matter of this Agreement.
<PAGE> 31
SECTION 16
----------
SURVIVAL
SURVIVAL: KELT and BUYER agree that a claim for a breach of any of the
representations or warranties contained in this Agreement, or in any Exhibit,
certificate, document or statement delivered pursuant hereto, must be made
within two (2) years following Closing; provided, however, that nothing in this
Section 16 shall be construed to limit the time for making a claim with respect
to the indemnification obligations specifically set forth herein.
SECTION 17
----------
CLOSING
17.1 TIME OF ESSENCE: Time is expressly declared to be of essence
under this Agreement.
17.2 PLACE AND DATE: Closing shall occur at a mutually agreeable
location in Twinsburg, Ohio on or before May 6, 1998 ("Closing
Date"), unless extended by agreement of the Parties.
17.3 KELT'S ACTIONS AT CLOSING: At Closing, KELT shall perform the
following actions:
17.3.1 KELT shall deliver to BUYER the opinion and executed
certificate contemplated by Sections 10.4 and 10.6;
17.3.2 KELT shall execute and deliver to BUYER a Deed, Assignment and
Bill of Sale for the Assets in the form attached hereto as
Exhibit "H"; which shall be modified as necessary to comply
with applicable recording statutes.
17.3.3 KELT shall deliver to BUYER possession of the Assets;
17.3.4 KELT shall at Closing provide BUYER with the original lease
files, contract files, well files, field files and other
relevant information pertaining to the Assets. KELT shall not
be required to purchase additional documents or perform any
curative work on titles. All information and data shall be
furnished as a matter of convenience only to BUYER and BUYER'S
reliance on same shall be at BUYER'S sole risk.
17.3.5 KELT shall deliver the Guaranty in the form of Exhibit "J".
17.4 BUYER'S ACTIONS AT CLOSING: At Closing, BUYER shall perform
the following actions:
17.4.1 BUYER shall execute and deliver to KELT an Assumption
Agreement in the form attached hereto as Exhibit "I";
17.4.2 BUYER shall execute and deliver to KELT the certificate and
opinion contemplated by Section 9.3;
17.4.3 BUYER shall make the payments contemplated in Sections 3.2.2
and 3.3.
<PAGE> 32
17.5 NOTICES: Immediately after Closing, BUYER shall notify in writing
all affected non-operators, oil or gas purchasers, government agencies and
royalty owners that it has purchased the Assets.
SECTION 18
----------
ACTIONS AFTER CLOSING
18.1 FINAL ACCOUNTING: Within forty five (45) days after Closing KELT
shall provide BUYER with a statement of accounting (Final Accounting). BUYER
shall have the right to cause its accountant, in consultation with KELT'S
accountant, to review the Final Accounting within an additional twenty one (21)
days following KELT'S delivery of such notice. If BUYER'S accountant and KELT'S
accountant are unable to agree upon the Final Accounting within an additional
fourteen (14) business days following completion of BUYER'S review of the Final
Accounting described above, then the two accountants jointly shall select,
within such fourteen (14) business day period, an independent accounting firm of
national reputation which shall determine the final accounting as soon as
reasonably possible but in no event later than 180 days after Closing. The
determination by such independent accounting firm shall be conclusive. The
expense of such independent accounting firm shall be borne one-half by KELT and
one-half by BUYER.
18.2 RECEIPTS AND CREDITS: All monies, proceeds, receipts, credits and
income attributable to production from the Assets for all periods of time
subsequent to the Effective Date except as otherwise provided herein, shall be
the sole property and entitlement of BUYER, and to the extent received by KELT,
KELT shall account for and reflect the same to BUYER in the Final Accounting
after Closing. All monies, proceeds, receipts and income attributable to
production from the Assets except as otherwise provided in this Agreement for
all periods of time prior to the Effective Date shall be the sole property and
entitlement of KELT and, to the extent received by BUYER, BUYER shall fully
disclose, account for and transmit same to KELT promptly. All costs, expenses
and disbursements attributable to the Assets for periods of time prior to the
Effective Date except as otherwise provided herein, shall be the sole obligation
of KELT and KELT shall promptly pay, or if paid by BUYER, promptly reimburse
BUYER for and hold BUYER harmless from and against same. All costs, expenses and
disbursements attributable to the Assets for periods of time subsequent to the
Effective Date except as otherwise provided herein, regardless of when due or
payable, shall be the sole obligation of BUYER and BUYER shall promptly pay, or
if paid by KELT, promptly reimburse KELT for and hold KELT harmless from and
against same. The provisions of this Section 18.2 are expressly made subject to
the provisions of Sections 2.3 and 2.4, above.
18.3 SUSPENDED FUNDS: KELT shall make proper distribution of the
suspended proceeds to the parties lawfully entitled thereto; in particular but
without limitation to the foregoing, in the event that BUYER is notified by a
third party that is entitled to payment of part of the funds in the suspense
account, KELT shall promptly investigate the same in consultation with BUYER and
shall take reasonable actions required by BUYER in connection with such
requested payment.
18.4 FURTHER ASSURANCES: After Closing, KELT and BUYER agree to take
such further actions and to execute, acknowledge and deliver all such further
documents that are necessary or useful in carrying out the purposes of this
Agreement or of any document delivered pursuant hereto.
<PAGE> 33
18.5 RECORDING: BUYER shall, at its own cost, immediately record the
Assignment and Bill of Sale in the appropriate office of the state and counties
in which the Assets covered by the Assignments are located. BUYER shall
immediately file for and obtain the necessary approval of all federal or state
government agencies to the assignment of the Assets. The assignment of any state
or federal oil and gas leases shall be filed in the appropriate governmental
offices on a form required and in compliance with the applicable rules of the
applicable government agencies. BUYER shall supply KELT with a true and accurate
photocopy of all the recorded and filed assignments within a reasonable period
of time after their recording and filing.
18.6 BOOKS AND RECORDS: For a period of 30 days after Closing, KELT
shall be given access to the storage building at 5748 Glen Highway, Cambridge,
Ohio for the purpose of separating corporate and asset records : KELT shall be
entitled during this period to remove and retain the former. In the event that
any claim is made against KELT within 10 years after Closing in respect of the
Assets, BUYER will give KELT reasonable access to the records in order to
investigate the claim but there shall be no obligation on BUYER to retain any of
the documents delivered to BUYER pursuant to this Agreement and BUYER shall be
free to dispose of the same at his sole discretion at any time.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
date first above written.
"KELT"
KELT OHIO INC.
By: /s/s Roland Fox
---------------
Name: Roland Fox
----------
Title: President
---------
"BUYER"
North Coast Energy, Inc.
------------------------
By: /s/s Garry Regan
----------------
<PAGE> 34
Name: Garry Regan
------------
Title: President
----------
STATE OF Ohio )
--------------
) SS:
COUNTY OF Guernsey )
--------
BEFORE ME, a Notary Public, in and for said County and State, on this
8th day of APRIL, 1998 personally appeared ROLAND FOX, to me known to be the
identical person who subscribed the name of Kelt Ohio Inc., A Delaware
Corporation, to the foregoing instrument as its PRESIDENT, and acknowledged to
me that __ he executed the same as her/HIS free and voluntary act and deed and
as the free and voluntary act and deed of such corporation for the uses and
purposes therein set forth.
/s/ Thomas A. Hill
------------------
Notary Public
My Appointment Expires:
Thomas A. Hill, Attorney at Law
- -------------------------------
Notary Public - State of Ohio
My Commission Has No Expiration Date
Sec. 147.03 O.R.C.
STATE OF Ohio )
--------------
) SS:
COUNTY OF Guernsey )
--------
BEFORE ME, a Notary Public, in and for said County and State, on this
8th day of April, 1998, personally appeared Garry Regan, to me known to be the
identical person who subscribed the name of North Coast Energy, Inc., a Delaware
to the foregoing instrument as its President, and acknowledged to me that he
executed the same as his free and voluntary act and deed and as the free and
voluntary act and deed of such corporation for the uses and purposes therein set
forth.
/s/ Thomas A. Hill
------------------
Notary Public
My Appointment Expires:
Thomas A. Hill, Attorney at Law
- -------------------------------
Notary Public - State of Ohio
My Commission Has No Expiration Date
Sec. 147.03 O.R.C.
<PAGE> 35
EXHIBIT "A"
NIL
<PAGE> 36
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 1 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
OIL & GAS LEASES:
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
BATES, GAIL ET UX Towner Petroleum 10/16/82 240.0 31 Flushing BELMONT
- --------------------------------------------------------------------------------------------------------------------------
BAYMER, ELEANOR Enterprise Gas & Oil Inc. 06/22/76 170.0 9 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BRILL, CARL ET UX Enterprise Gas & Oil Inc. 05/20/75 173.0 4 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BRILL, STEPHAN Enterprise Gas & Oil Inc. 09/25/74 94.0 9 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
CALAWAY, DELMAR ET UX Jones Leasing Services 08/07/76 150.0 7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
CHAPMAN, JAMES ET UX Enterprise Gas & Oil Inc. 09/25/74 104.0 9 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
EVANS, HARRY ET UX McCullough Oil Inc. 10/03/68 90.0 4 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
FITZGERALD, CHARLES ET UX Canyon Petroleum Corp. 12/09/75 84.0 2 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
FRAME, RAYMOND ET UX D.B. Shaffer & Assoc. 12/13/80 132.5 2S Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
FRESHLEY, FRED ET UX Jones Leasing Services 07/20/76 150.0 7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
GOODWIN, JOHN ET UX Enterprise Gas & Oil Inc. 08/24/74 73.0 13 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
GRABLE, WALLACE B., ET UX Towner Petroleum 01/20/81 87.0 4 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
KING, JAMES ET UX Enterprise Gas & Oil Inc. 10/17/75 131.0 3,4 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LAMM, WILLIAM ET UX Enterprise Gas & Oil Inc. 10/04/74 117.0 8 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LANDMAN, JOHN ET UX Petro. Oil & Gas Co. 08/08/68 160.0 2 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LARRICK, RAYMOND ET UX Guernsey Petroleum Corp. 03/11/78 139.0 6,7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LARRICK, ROLLIN B., ET AL Ohio Industrial Resources Inc. 06/24/76 152.0 6,7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LATCHIC, JOSEPH ET UX Enterprise Gas & Oil Inc. 10/06/75 74.0 6,7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
MACE, RUSSELL Enterprise Gas & Oil Inc. 11/11/74 142.0 14 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
MARKS, GAIL ET UX Enterprise Gas & Oil Inc. 11/11/74 90.0 7,14 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
McCORMICK, HOWARD ET UX Enterprise Gas & Oil Inc. 02/15/75 119.0 7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
OLIVER, JOHN Guernsey Petroleum Corp. 12/07/73 140.0 13 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
PARRY, JACK ET UX Enterprise Gas & Oil Inc. 08/02/75 108.0 8 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SAFT, CLARENCE Petro Oil Development Co. 08/09/68 40.0 9 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SEDOR, JONATHIN ET UX Enterprise Gas & Oil Inc. 09/15/75 27.8 7 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SHARE, OSCAR ET UX Cambridge O. & G. Development Co. 08/19/68 80.0 9 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SHOWALTER, MILDRED Gaspro Gas Co. 11/24/76 145.0 12 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SHRIVER, HAROLD ET UX Enterprise Gas & Oil Inc. 10/05/74 34.2 8 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
STEEN, JAMES ET UX Towner Petroleum 07/30/81 341.0 2,22 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
TOMAK, GEORGE ET UX C. T. Production Co. 12/26/74 80.0 12 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
UMBARGER, BRENT ET UX Ohio Industrial Resources Inc. 07/25/76 40.0 12 Center GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
ALLEN, CARL ET UX Towner Petroleum 10/08/80 172.0 LOT18,31,32 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
ARBRISTER, HOWARD ET UX Towner Petroleum 11/27/82 10.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
COMBS, CLARENCE ET UX Towner Petroleum 02/16/80 80.0 11 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
CRAY, BENNY ET UX Towner Petroleum 12/06/82 10.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
FERGUSON, RAY ET AL Towner Petroleum 12/03/82 5.5 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
FRIEDLAND, SANFORD ET UX Towner Petroleum 12/03/82 5.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
GUNN, RALPH ET UX Towner Petroleum 03/12/82 141.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
HOLLINGSWORTH, MARY Towner Petroleum 04/10/82 79.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LILLY, ALICE ET AL C. T. Production Co. 08/22/78 65.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
MOLNAR, HELEN Towner Petroleum 12/29/82 12.1 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
MOORE, F. EUGENE ET UX D.B. Shaffer & Assoc. 11/18/80 40.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SAPIENZA, ANTHONY ET UX Towner Petroleum 12/03/82 15.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SKEEN, JERRY & WANDA Towner Petroleum 12/03/82 5.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
WINDHORST, ARTHUR ET UX Towner Petroleum 12/03/82 5.0 1 Jefferson GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
LINN, RICHARD ET AL Mary Caroline Zavatone 06/22/68 370.0 LOT16,17/1 Jefferson/W GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BALDWIN, WILLIAM & JAY D.B. Shaffer & Assoc. 11/08/80 56.0 23 Londonderry GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BETTS, DONALD ET UX D.B. Shaffer & Assoc. 10/31/80 118.0 11 Londonderry GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BETTS, RICHARD ET UX Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
BLACKWOOD, DAVID ET UX Towner Petroleum 02/07/80 319.0 16,22 Londonderry GUERNSEY
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
OIL & GAS LEASES:
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BATES, GAIL ET UX 100 345 BATES #1(478)
- --------------------------------------------------------------------------------------------------------------------------
BAYMER, ELEANOR 76 910 BEYMER/CHAPMAN #1(2020)
- --------------------------------------------------------------------------------------------------------------------------
BRILL, CARL ET UX 74 862 BRILL #1(1897)
- --------------------------------------------------------------------------------------------------------------------------
BRILL, STEPHAN 73 965 BRILL, S. #1(1898)
- --------------------------------------------------------------------------------------------------------------------------
CALAWAY, DELMAR ET UX 77 297 FRESHLEY/CALAWAY #1(1959)
- --------------------------------------------------------------------------------------------------------------------------
CHAPMAN, JAMES ET UX 73 968 CHAPMAN, J. #1(1928), BEYMER/CHAPMAN #1(2020)
- --------------------------------------------------------------------------------------------------------------------------
EVANS, HARRY ET UX 58 104 EVANS/KING USS #18(1986)
- --------------------------------------------------------------------------------------------------------------------------
FITZGERALD, CHARLES ET UX 75 503 FITZGERALD, C. #1(1921), LANDMAN/FITZGERALD UNIT #1(1990)
- --------------------------------------------------------------------------------------------------------------------------
FRAME, RAYMOND ET UX 88 587 FRAME, A. #1(2931)
- --------------------------------------------------------------------------------------------------------------------------
FRESHLEY, FRED ET UX 77 136 FRESHLEY/CALAWAY #1(1959)
- --------------------------------------------------------------------------------------------------------------------------
GOODWIN, JOHN ET UX 73 959 GOODWIN, J. #1(1896)
- --------------------------------------------------------------------------------------------------------------------------
GRABLE, WALLACE B., ET UX 89 69 EVANS/KING USS #18(1986)
- --------------------------------------------------------------------------------------------------------------------------
KING, JAMES ET UX 75 250 KING, J. #1(2840)
- --------------------------------------------------------------------------------------------------------------------------
LAMM, WILLIAM ET UX 73 974 SHRIVER, H. #1(1951)
- --------------------------------------------------------------------------------------------------------------------------
LANDMAN, JOHN ET UX 57 429 LANDMAN/FITZGERALD #1(1990)
- --------------------------------------------------------------------------------------------------------------------------
LARRICK, RAYMOND ET UX 81 803 LARRICK, R. #1(3509), LARRICK, R. #2(2657)
- --------------------------------------------------------------------------------------------------------------------------
LARRICK, ROLLIN B., ET AL 77 124 LARRICK, W. #1(1958), LARRICK, W. #2(2679), LARRICK, W. #3(2732)
- --------------------------------------------------------------------------------------------------------------------------
LATCHIC, JOSEPH ET UX 75 526 LATCHIC, J.#1(1954)
- --------------------------------------------------------------------------------------------------------------------------
MACE, RUSSELL 73 980 MACE, R. #1(1905)
- --------------------------------------------------------------------------------------------------------------------------
MARKS, GAIL ET UX 73 977 MARKS, G. #1(1887)
- --------------------------------------------------------------------------------------------------------------------------
McCORMICK, HOWARD ET UX 74 567 McCORMICK, H. #2(2479)
- --------------------------------------------------------------------------------------------------------------------------
OLIVER, JOHN 72 735 OLIVER, J. #1(1962), OLIVER, J. #2(2016)
- --------------------------------------------------------------------------------------------------------------------------
PARRY, JACK ET UX 74 941 PARRY, J. #1(1900), PARRY, J. #2(2453)
- --------------------------------------------------------------------------------------------------------------------------
SAFT, CLARENCE 57 425 WARNE, E. #1(1966)
- --------------------------------------------------------------------------------------------------------------------------
SEDOR, JONATHIN ET UX 75 129 MACE, R. #1(1905)
- --------------------------------------------------------------------------------------------------------------------------
SHARE, OSCAR ET UX 57 485 SHARE, O. #1(1961)
- --------------------------------------------------------------------------------------------------------------------------
SHOWALTER, MILDRED 77 718 SHOWALTER, M. #1(2410), SHOWALTER, M. #2(2445)
- --------------------------------------------------------------------------------------------------------------------------
SHRIVER, HAROLD ET UX 73 971 SHRIVER, H. #1(1951)
- --------------------------------------------------------------------------------------------------------------------------
STEEN, JAMES ET UX 90 554 STEEN, M. #1(3100)
- --------------------------------------------------------------------------------------------------------------------------
TOMAK, GEORGE ET UX 74 180 TOMAK, G. #1(1965)
- --------------------------------------------------------------------------------------------------------------------------
UMBARGER, BRENT ET UX 77 167 UMBERGER, B. #1(1957)
- --------------------------------------------------------------------------------------------------------------------------
ALLEN, CARL ET UX 87 744 ALLEN #1(2549), ALLEN #2(2517), ALLEN #3(2911)
- --------------------------------------------------------------------------------------------------------------------------
ARBRISTER, HOWARD ET UX 95 342 ARMBIRSTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
COMBS, CLARENCE ET UX 86 388 COMBS, C. #1(3093)
- --------------------------------------------------------------------------------------------------------------------------
CRAY, BENNY ET UX 95 605 ARMBIRSTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
FERGUSON, RAY ET AL 95 660 ARMBIRSTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
FRIEDLAND, SANFORD ET UX 96 32 ARMBIRSTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
GUNN, RALPH ET UX 92 554 GUNN, R. #1(3351), GUNN, R. #2(3427), GUNN, R. #3(3426)
- --------------------------------------------------------------------------------------------------------------------------
HOLLINGSWORTH, MARY 93 335 HOLLINGSWORTH, M. #1(3358)
- --------------------------------------------------------------------------------------------------------------------------
LILLY, ALICE ET AL 83 201 LILLY, A. #1(2478)
- --------------------------------------------------------------------------------------------------------------------------
MOLNAR, HELEN 95 658 ARMBRISTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
MOORE, F. EUGENE ET UX 88 269 MOORE, F. #1(3088)
- --------------------------------------------------------------------------------------------------------------------------
SAPIENZA, ANTHONY ET UX 95 947 ARMBRISTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
SKEEN, JERRY & WANDA 95 656 ARMBRISTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
WINDHORST, ARTHUR ET UX 95 597 ARMBRISTER #1(3571)
- --------------------------------------------------------------------------------------------------------------------------
LINN, RICHARD ET AL 57 266 LINN, R. #2(2102), LINN, R. #3(2289), LINN, R. #4(2919), LINN, R. #5(2875)
- --------------------------------------------------------------------------------------------------------------------------
BALDWIN, WILLIAM & JAY 88 225 BOND/BALDWIN/BRUBAKER #1(3188)
- --------------------------------------------------------------------------------------------------------------------------
BETTS, DONALD ET UX 88 109 BETTS #1(3031), BETTS/TURBYFILL #1(3126)
- --------------------------------------------------------------------------------------------------------------------------
BETTS, RICHARD ET UX 92 629 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- --------------------------------------------------------------------------------------------------------------------------
BLACKWOOD, DAVID ET UX 86 382 BLACKWOOD #1(2892), BLACKWOOD #2(2929), BACKWOOD #3(3030), BLACKWOOD #4(3049)
</TABLE>
<PAGE> 37
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 2 of 20
- -------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------------------
BOND, CHARLES ET UX Eastern Oil & Gas 08/01/72 142.0 13,20,26 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BOND, CLYDE ET UX D.B. Shaffer & Assoc. Inc. 11/01/80 129.0 23 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BOND, ROBERT ET UX Towner Petroleum 07/28/82 190.0 7,13 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BOND, ROBERT ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 345.0 6,12 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BONIPHANT, BERT Towner Petroleum 12/10/81 242.0 16,17 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BONIPHANT, LEONARD ET UX D.B. Shaffer & Assoc. Inc. 11/06/80 80.0 13 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
BRUBAKER, RICHARD & JEAN D.B. Shaffer & Assoc. Inc. 12/30/80 50.0 23 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CASTEN, Earl et ux Quaker State 10/12/74 233.0 25,31 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CLARY, CHARLES ET UX Wm. Paul Hambleton 11/13/72 236.0 1,2,6,7 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
COX, PAUL ET UX Towner Petroleum 05/03/83 10.0 29 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CRAMBLETT, CLARENCE ET UX Towner Petroleum 03/11/80 140.0 29 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX D.B. Shaffer & Assoc. 11/17/80 190.0 13,18 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX D.B. Shaffer & Assoc. Inc. 11/17/80 152.0 18 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX D.B. Shaffer & Assoc. Inc. 11/17/80 105.0 17 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
CUNNINGHAM, THOMAS ET UX Towner Petroleum 02/05/80 62.0 16 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
DUFFY, JOHN ET UX Towner Petroleum 07/23/82 141.0 30 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
DUVALL, KENNETH D.B. Shaffer & Assoc. Inc. 11/19/80 261.0 2,8 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
FEDORKA, STELLA Towner Petroleum 07/19/82 90.0 8,14 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
FULLER, RONALD ET UX D.B. Shaffer & Assoc. Inc. 06/03/81 95.0 13,18 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
GRAY, ROBERT Enterprise Gas & Oil Inc. 12/11/78 172.0 23,24 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
HALL, LEONARD ET UX Eastern Gas & Oil 08/02/72 207.0 1,8 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
HARR, RAYMOND ET UX Towner Petroleum 07/27/81 75.0 12 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
HOWELL, CLARK ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 80.0 13 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
HUNTSMAN, JERRY ET UX Towner Petroleum 12/21/81 6.0 9 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, Wilard et ux Kerpoe, Testa & O'Donnel 12/02/68 119.0 26,32 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, WILLIS ET UX Towner Petroleum 05/26/81 71.0 10 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
KEEFER, CARL ET UX Towner Petroleum 05/26/81 61.0 10 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
KEEFER, EDWARD, ET UX Gerald J. Benson 10/20/78 190.0 15,21 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
KING, VERNON ET UX D.B. Shaffer & Assoc. Inc. 11/04/80 105.0 15 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
KIRK, ALVA & ELSIE Towner Petroleum 05/31/85 41.3 21 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
KUNKLE, GEORGE D.B. Shaffer & Assoc. Inc. 11/18/80 54.4 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
LAKE, HOMER Eastern Gas & Oil 08/02/72 174.0 19,20 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
LAPP, MERVIN ET UX Towner Petroleum 08/19/81 115.0 34 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
LAWSON, KENNETH ET UX Towner Petroleum 03/29/80 162.0 23,24 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
LODGE, CHARLES & MARY SKZ Inc. 05/13/86 22.0 21 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
LODGE, CHARLES & MARY SKZ Inc. 05/12/86 9.0 20,21 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
MALONE, EMERSON D.B. Shaffer & Assoc. Inc. 11/04/80 95.0 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
McELWAINE, JOSEPHINE Towner Petroleum 06/30/81 20.0 23 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PETERS, FRED ET UX Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PETERS, JAY ET UX Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PETERS, MARY Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PETERS, POLLY Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PULLEY, CHARLES ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 60.0 29 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
PULLEY, CHARLES ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 67.0 34 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
REPIK, WILLIAM Superior Petroleum Services 07/03/80 170.0 9 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
RICHTER, OVAL ET AL D.B. Shaffer & Assoc. Inc. 11/26/80 51.0 11 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
RYMER, REINHART ET UX Towner Petroleum 09/16/81 30.0 1 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
SELLE, WILLIAM ET UX D.B. Shaffer & Assoc. Inc. 11/07/80 60.0 34 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
SHARP, CLYDE ET UX Towner Petroleum 08/31/81 132.0 19,20 Londonderry GUERNSEY
- -------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
OIL & GAS LEASES:
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
,BLACKWOOD #5(3092), BLACKWOOD, #6(3097), BLACKWOOD #7(3213)
- -------------------------------------------------------------------------------------------------------------------------
BOND, CHARLES ET UX 70 204 BOND #1(3308)
- -------------------------------------------------------------------------------------------------------------------------
BOND, CLYDE ET UX 88 101 BOND #1(2981), BOND #2(3090), BOND #3(3128), BOND/BALDWIN/BRUBAKER
UNIT #1(3188)
- -------------------------------------------------------------------------------------------------------------------------
BOND, ROBERT ET UX 94 17 BOND #7(3391)
- -------------------------------------------------------------------------------------------------------------------------
BOND, ROBERT ET UX 87 910 BOND #1-12(2886), BOND#2-12(3048), BOND #3-12(3091), BOND #4-12(3208)
BOND/SHEPHERD #1(3089)
- -------------------------------------------------------------------------------------------------------------------------
BONIPHANT, BERT 92 68 BONIPHANT, B. #2(2294), BONIPHANT, B. #3(3419)
- -------------------------------------------------------------------------------------------------------------------------
BONIPHANT, LEONARD ET UX 88 107 BONIPHANT, L. #1(3059)
- -------------------------------------------------------------------------------------------------------------------------
BRUBAKER, RICHARD & JEAN 88 859 GRAY/BRUBAKER #1(3333), BOND/BALDWIN/BRUBAKER #1(3188)
- -------------------------------------------------------------------------------------------------------------------------
CASTEN, Earl et ux 73 834 CASTEN, E. #1(2154)
- -------------------------------------------------------------------------------------------------------------------------
CLARY, CHARLES ET UX 70 807 DOMBROSKI, R. #1(3468), DOMBROSKI/RYMER #1(3335)
- -------------------------------------------------------------------------------------------------------------------------
COX, PAUL ET UX 96 631 CRAMBLETT, C. #2(3018)
- -------------------------------------------------------------------------------------------------------------------------
CRAMBLETT, CLARENCE ET UX 86 498 CRAMBLETT, C. #2(3018)
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX 88 245 CRISLIP, J. #1(3009), CRISLIP, J. #2(3098), CRISLIP, J. #3(3129)
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX 88 249 CRISLIP, J. #3(3129)
- -------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX 88 247 CRISLIP, J. #6(3409)
- -------------------------------------------------------------------------------------------------------------------------
CUNNINGHAM, THOMAS ET UX 86 233 CUNNINGHAM, T. #1(3029)
- -------------------------------------------------------------------------------------------------------------------------
DUFFY, JOHN ET UX 94 9 DUFFY, J. #1(3347)
- -------------------------------------------------------------------------------------------------------------------------
DUVALL, KENNETH 88 325 DUVALL, K. #1(3074)
- -------------------------------------------------------------------------------------------------------------------------
FEDORKA, STELLA 93 993 FEDORKA, S. #1(3382)
- -------------------------------------------------------------------------------------------------------------------------
FULLER, RONALD ET UX 90 244 FULLER, R. #1(3275)
- -------------------------------------------------------------------------------------------------------------------------
GRAY, ROBERT 84 93 GRAY/BRUBAKER/McELWANE #1(3278), GRAY/BRUBAKER #1(3333)
- -------------------------------------------------------------------------------------------------------------------------
HALL, LEONARD ET UX 70 196 HALL, L. #1(3306), HALL, L. #2(3396)
- -------------------------------------------------------------------------------------------------------------------------
HARR, RAYMOND ET UX 90 956 HARR, R. #1(3273)
- -------------------------------------------------------------------------------------------------------------------------
HOWELL, CLARK ET UX 87 888 HOWELL, C. #1(3063)
- -------------------------------------------------------------------------------------------------------------------------
HUNTSMAN, JERRY ET UX 92 178 SWICKARD/HUNTSMAN #1(3282)
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, Wilard et ux 58 923 JOHNSON, W. #1(2155)
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, WILLIS ET UX 90 140 JOHNSON/KEEFER #1(3354)
- -------------------------------------------------------------------------------------------------------------------------
KEEFER, CARL ET UX 90 142 KEEFER, C. #1(3379), JOHNSON/KEEFER #1(3354)
- -------------------------------------------------------------------------------------------------------------------------
KEEFER, EDWARD, ET UX 83 769 KEEFER, E. #1(3116), KEEFER, E. #2(3369), KEEFER, E. #4(3668), KEEFER,
E. #5(3668) KEEFER/KING UNIT #3(3783)
- -------------------------------------------------------------------------------------------------------------------------
KING, VERNON ET UX 88 115 KING, V. #1(3109), KING, V. #2(3564)
- -------------------------------------------------------------------------------------------------------------------------
KIRK, ALVA & ELSIE 100 655 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
KUNKLE, GEORGE 88 297 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
LAKE, HOMER 70 200 LAKE, H. #1(3386), LAKE/SHARP #1(3315)
- -------------------------------------------------------------------------------------------------------------------------
LAPP, MERVIN ET UX 91 138 LAPP, M. #1(3326)
- -------------------------------------------------------------------------------------------------------------------------
LAWSON, KENNETH ET UX 86 875 LAWSON, K. #2(3329)
- -------------------------------------------------------------------------------------------------------------------------
LODGE, CHARLES & MARY 102 632 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
LODGE, CHARLES & MARY 102 634 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
MALONE, EMERSON 80 455 KUNKLE/SHEPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
McELWAINE, JOSEPHINE 90 242 GRAY/BRUBAKER/McELWAIN #1(3278)
- -------------------------------------------------------------------------------------------------------------------------
PETERS, FRED ET UX 92 635 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
PETERS, JAY ET UX 92 637 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
PETERS, MARY 92 627 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
PETERS, POLLY 92 633 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
PULLEY, CHARLES ET UX 87 904 SHELLENBERGER/PULLEY #1(3254)
- -------------------------------------------------------------------------------------------------------------------------
PULLEY, CHARLES ET UX 87 902 PULLEY, C. #1(3170)
- -------------------------------------------------------------------------------------------------------------------------
REPIK, WILLIAM 87 736 REPIK, W. #1-9(3284)
- -------------------------------------------------------------------------------------------------------------------------
RICHTER, OVAL ET AL 88 736 RICHTER/WARNER #1(3120)
- -------------------------------------------------------------------------------------------------------------------------
RYMER, REINHART ET UX 92 65 DOMBROSKI/RYMER #1(3335)
- -------------------------------------------------------------------------------------------------------------------------
SELLE, WILLIAM ET UX 88 91 SELLE, W. #1(3064)
- -------------------------------------------------------------------------------------------------------------------------
SHARP, CLYDE ET UX 91 320 LAKE/SHARP #1(3315), SHARP, C. #1(3230)
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 38
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 3 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SHELLENBERGER, EMMETT D.B. Shaffer & Assoc. 11/08/80 75.0 35 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SHEPHERD, FRED ET UX D.B. Shaffer & Assoc. Inc. 11/13/80 74.0 11 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SHEPHERD, HARRY ET UX East Ohio Gas 02/08/78 261.0 5,11 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, SAMUEL ET UX Towner Petroleum 12/29/81 9.1 11 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
STEPHENS, CHESTER ET UX D.B. Shaffer & Assoc. 11/01/80 60.0 16 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SUDDITH, JAMES ET UX D.B. Shaffer & Assoc. Inc. 11/04/80 70.0 25 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SUNTHIMER, ROBERT ET UX D.B. Shaffer & Assoc. Inc. 11/10/80 67.0 30 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SWICKARD, HARRY ET UX D.B. Shaffer & Assoc. Inc. 08/19/81 94.0 9 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA D.B. Shaffer & Assoc. Inc. 10/30/86 84.4 20 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA SKZ Inc. 05/09/86 1.8 21 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA Towner Petroleum 12/29/81 11.0 20,21 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 10.0 20 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TAYLOR, DALE ET UX D.B. Shaffer & Assoc. Inc. 11/18/80 57.0 2 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TOLAND, McKINLEY Eastern Gas & Oil 08/08/72 107.0 14 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TURBYFILL, LARRY ET UX Towner Petroleum 07/28/81 54.0 11/12 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
UNDERWOOD, PEARL L. ET UX Towner Petroleum 07/26/82 80.0 9 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
VANFOSSEN, FRED ET UX D.B. Shaffer & Assoc. Inc. 02/25/81 48.0 15 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WARNER, THOMAS Towner Petroleum 03/04/80 103.0 17 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
YOUNG, ROBERT ET UX D.B. Shaffer & Assoc. Inc. 11/10/80 79.0 5 Londonderry GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DEAN, RALPH ET UX C.T. Productions 09/20/78 176.0 34/11,20 Lond./Madis GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HALE, JACK ET UX Herb Polen 09/30/77 126.0 34/20 Lond./Madis GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BETTS, RICHARD ET UX D.B. Shaffer & Assoc. Inc. 02/20/81 191.0 34/35 Lond./Oxfor GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Republic Steel Corporation 06/27/77 1,302.0 10,22,23/21Lond./Oxfor GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
THOMAS, JAMES Towner Petroleum 11/09/81 114.0 28/27 Lond./Oxfor GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TROYER, CALVIN ET UX D.B. Shaffer & Assoc. Inc. 12/12/80 94.0 10/9 Lond./Oxfor GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WHITELY, CHARLES ET UX Wm. Paul Hambleton 10/14/72 745.0 16/15,21,27Lond./Oxfor GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
AYERS, WALLACE ET UX C.T. Productions 06/08/77 92.2 14 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BEAN, EARL ET UX Mary Caroline Zavatone 07/09/68 200.0 21 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BICHARD, H.R. ET UX C.T. Productions 09/10/77 140.0 18,23 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BROWN, NORVAL ET UX Ohio Industrial Resources Inc. 03/25/77 136.0 11 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BURROUGHS, FOSTER ET UX C.T. Productions 10/18/77 80.0 17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
CARLISLE, THOMAS Samuel G. Garfield 07/19/78 113.0 3 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
CHASE, ROY ETUX Mammoth Producing Corp. 04/17/73 134.0 9 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COWDEN, W. S. ET UX C.T. Productions 09/20/77 143.0 16 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DAUGHERTY, JOHN ET UX C.T. Productions 05/25/77 46.0 17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DEAN, THOMAS ET UX Samuel G. Garfield 07/19/78 140.0 7 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DUNLAP, JAMES ET UX C.T. Productions 07/19/78 362.0 8,8,14 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FEISLEY, JOHN ET UX C.T. Productions 05/25/78 100.0 13 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FOGLE, DONALD ET UX Mary Caroline Zavatone 05/31/68 120.0 18,23 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FORD, ROBERT Mary Caroline Zavatone 07/09/68 170.0 19,20 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FORD, WILLIAM ET UX Samuel G. Garfield 07/26/78 145.0 8,9,12,13 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
GEORGE, ROY & JANICE C.T. Productions 11/14/77 33.0 17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
GRAY, CHESTER ET UX C.T. Productions 07/19/77 332.0 7,14 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HATFIELD, HARRY ET UX Mary Caroline Zavatone 06/29/68 160.0 24 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HAYES, RAY ET UX Mammoth Producing Corp. 07/25/72 77.0 1 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HYDE, FRED ET UX Mary Caroline Zavatone 06/03/68 416.0 16,17,24,25 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSON, HELEN Ohio Industrial Resources Inc. 03/24/77 110.0 11,20 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
KLIES, GERALD ET UX James Drilling Corp. 08/09/68 75.0 21 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
KRUEGER, BERNARD ET UX Towner Petroleum 12/13/80 140.0 9 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LAPP, MERVIN ET UX Ohio Industrial Resources Inc. 03/24/77 44.0 10 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LATTEA, ARTIE & DOROTHY C.T. Productions 10/25/77 137.0 5 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SHELLENBERGER, EMMETT 88 279 SHELLENBERGER/PULLEY #1(3254), SHELLENBERGER, E. #1(3385)
- -------------------------------------------------------------------------------------------------------------------------
SHEPHERD, FRED ET UX 88 97 BOND/SHEPHERD #1(3089)
- -------------------------------------------------------------------------------------------------------------------------
SHEPHERD, HARRY ET UX 81 678 KUNKLE/SHEPHERD/MALONE #1(3408), SHEPHERD, H&E #1(3325)
- -------------------------------------------------------------------------------------------------------------------------
SMITH, SAMUEL ET UX 92 631 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- -------------------------------------------------------------------------------------------------------------------------
STEPHENS, CHESTER ET UX 88 121 STEPHENS, C. #1(2921)
- -------------------------------------------------------------------------------------------------------------------------
SUDDITH, JAMES ET UX 88 93 SUDDITH, J. #1(3136)
- -------------------------------------------------------------------------------------------------------------------------
SUNTHIMER, ROBERT ET UX 88 283 SUNTHIMER, R. #1(3253)
- -------------------------------------------------------------------------------------------------------------------------
SWICKARD, HARRY ET UX 91 45 SWICKARD/HUNTSMAN #1(3282)
- -------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA 87 898 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA 102 647 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL & LINDA 92 231 LODGE/KIRK/TAYLOR #1(3676)
- -------------------------------------------------------------------------------------------------------------------------
TAYLOR, CARL ET UX 87 898 TAYLOR, C. #1(3276)
- -------------------------------------------------------------------------------------------------------------------------
TAYLOR, DALE ET UX 88 285 FERGUSON, D. #1(3387)
- -------------------------------------------------------------------------------------------------------------------------
TOLAND, McKINLEY 70 194 TOLAND, M. #1(3331), TOLAND, M. #2(3406)
- -------------------------------------------------------------------------------------------------------------------------
TURBYFILL, LARRY ET UX 90 818 BETTS/TURBYFILL #1(3126)
- -------------------------------------------------------------------------------------------------------------------------
UNDERWOOD, PEARL L. ET UX 70 198 LAWRENCE, P. #1(3355)
- -------------------------------------------------------------------------------------------------------------------------
VANFOSSEN, FRED ET UX 89 575 VAN FOSSEN, F. #1(3405)
- -------------------------------------------------------------------------------------------------------------------------
WARNER, THOMAS 86 502 RICHTER/WARNER #1(3120), WARNER, T. #1(3021)
- -------------------------------------------------------------------------------------------------------------------------
YOUNG, ROBERT ET UX 88 331 YOUNG, R. #1(3206)
- -------------------------------------------------------------------------------------------------------------------------
DEAN, RALPH ET UX 83 464 DEAN, R. #1(2495), DEAN, R. #2(2496)
- -------------------------------------------------------------------------------------------------------------------------
HALE, JACK ET UX 80 831 HALE, J. #2(2471)
- -------------------------------------------------------------------------------------------------------------------------
BETTS, RICHARD ET UX 89 290 BETTS #2(3392)
- -------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 79 799 ALL CR WELLS
- -------------------------------------------------------------------------------------------------------------------------
THOMAS, JAMES 91 785 LYONS/THOMAS #1(3176)
- -------------------------------------------------------------------------------------------------------------------------
TROYER, CALVIN ET UX 88 569 TROYER, C. #1(3071)
- -------------------------------------------------------------------------------------------------------------------------
WHITELY, CHARLES ET UX 70 791 WHITELY, C. #3(3368), WHITELY, C. #4(3389), WHITELY, C.
#5(3384), WHITELY, C. #6(3393)
- -------------------------------------------------------------------------------------------------------------------------
AYERS, WALLACE ET UX 79 260 AYERS #1(2189)
- -------------------------------------------------------------------------------------------------------------------------
BEAN, EARL ET UX 57 350 DEIOMA, K. #1(2933), DEIOMA, K. #2(3130)
- -------------------------------------------------------------------------------------------------------------------------
BICHARD, H.R. ET UX 80 344 BISCHARD #1(2286), BISHCARD/SCHULLER #1(2285)
- -------------------------------------------------------------------------------------------------------------------------
BROWN, NORVAL ET UX 79 82 BROWN, N. #2(2276)
- -------------------------------------------------------------------------------------------------------------------------
BURROUGHS, FOSTER ET UX 80 434 BURROUGHS #1(2274)
- -------------------------------------------------------------------------------------------------------------------------
CARLISLE, THOMAS 82 883 CARLISLE #1(2440), CARLISLE, #2(2242)
- -------------------------------------------------------------------------------------------------------------------------
CHASE, ROY ETUX 71 611 CHASE, R. #1(1709)
- -------------------------------------------------------------------------------------------------------------------------
COWDEN, W. S. ET UX 80 142 COWDEN, W. #1(2388), COWDEN, W. #2(2287)
- -------------------------------------------------------------------------------------------------------------------------
DAUGHERTY, JOHN ET UX 79 228 DAUGHERTY, J. #1(2240)
- -------------------------------------------------------------------------------------------------------------------------
DEAN, THOMAS ET UX 82 718 DEAN, T. #1(2432)
- -------------------------------------------------------------------------------------------------------------------------
DUNLAP, JAMES ET UX 79 132 DUNLAP, J. #1(2142), DUNLAP, J. #2(2123), DUNLAP, J. #4(2121),
DUNLAP, J. #5(2120) DUNLAP/WHITE #1(2948)
- -------------------------------------------------------------------------------------------------------------------------
FEISLEY, JOHN ET UX 82 236 FEISLEY, J. #1(2352)
- -------------------------------------------------------------------------------------------------------------------------
FOGLE, DONALD ET UX 57 326 FOGLE, D. #2(2148)
- -------------------------------------------------------------------------------------------------------------------------
FORD, ROBERT 57 352 FORD, R. #1(2217), FORD/SHEPHERD #1(3172)
- -------------------------------------------------------------------------------------------------------------------------
FORD, WILLIAM ET UX 82 957 FORD, W. #1(2458)
- -------------------------------------------------------------------------------------------------------------------------
GEORGE, ROY & JANICE 80 906 SCHULLER/GEORGE #1(2348)
- -------------------------------------------------------------------------------------------------------------------------
GRAY, CHESTER ET UX 79 505 GRAY, C. #1(2198), GRAY, C. #2(2203), GRAY, C. #3(2212), GRAY, C. #4(2222)
- -------------------------------------------------------------------------------------------------------------------------
HATFIELD, HARRY ET UX 57 318 HATFIELD, H. #1(2151), HATFIELD, H. #2(2817)
- -------------------------------------------------------------------------------------------------------------------------
HAYES, RAY ET UX 71 531 HAYES, R. #1(1811)
- -------------------------------------------------------------------------------------------------------------------------
HYDE, FRED ET UX 57 342 HYDE, F. #1(2149), HYDE/BURROUGHS #1(2879), HYDE/HATFIELD #1(3197)
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, HELEN 79 74 JOHNSON, H. #1(2226)
- -------------------------------------------------------------------------------------------------------------------------
KLIES, GERALD ET UX 57 660 KLIES, G. #1(2216)
- -------------------------------------------------------------------------------------------------------------------------
KRUEGER, BERNARD ET UX 88 504 KRUEGER, B. #1(2992), KRUEGER, B. #2(3003)
- -------------------------------------------------------------------------------------------------------------------------
LAPP, MERVIN ET UX 79 171 LAPP, M. #1(2247)
- -------------------------------------------------------------------------------------------------------------------------
LATTEA, ARTIE & DOROTHY 80 547 LATTEA, A. #2(2443)
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 39
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 4 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LAUGHMAN, GENE & JAUNITA C.T. Productions 10/27/77 98.0 16 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LYONS, DAVID & CINDY Towner Petroleum 04/10/80 40.0 18 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
McWILLIAMS, DONALD ET UX C.T. Productions 05/11/80 50.0 16,17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
MOORE, CHARLES ET UX C. Tracy 07/19/68 154.0 4 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
NEWELL, WAYNE James Drilling Corp. 08/09/68 580.0 19,21,22 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
NICHOLS, STEWART ET UX C.T. Productions 08/11/77 120.0 23,24 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
OLIVER, LELA C.T. Productions 06/06/77 180.0 5 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
OLIVER, RONNIE ET UX C.T. Productions 06/06/77 126.0 4 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PADEN, CHARLES Mary Caroline Zavatone 05/28/68 149.0 24 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PADEN, RAYMOND H., ET UX Mary Caroline Zavatone 05/28/68 163.0 23 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PADEN, WILLARD ET UX Mary Caroline Zavatone 05/29/68 160.0 23 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PARRISH, KENNETH ET UX Samuel G. Garfield 07/22/78 188.0 3 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PORTER, ELLIOT ET AL Towner Petroleum 11/14/80 80.0 15 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PRICE, RALPH ET UX Mary Caroline Zavatone 06/21/68 188.0 20 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
RAIMER, PAUL ET UX C.T. Productions 09/12/77 130.0 18 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
RAMELLI, EUGENE ET AL C.T. Productions 03/18/77 116.0 4 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SCHALLER, RALPH ET UX C.T. Productions 09/28/77 70.0 17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SHEPHERD, L.H. ET UX Mary Caroline Zavatone 06/21/68 140.0 19,20 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, CHARLES & PAULINE C.T. Productions 07/18/77 174.0 15 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
ST. CLAIR, KENNETH D.B. Shaffer & Assoc. Inc. 02/23/81 64.0 9 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
THOMPSON, JAMES LEE ET UX Towner Petroleum 03/10/81 2.7 21 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TUCKER, JESSE ET UX Samuel G. Garfield 07/19/78 138.0 2 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TUTTLE, GLEN ET UX E. Tracy 07/23/68 101.0 4 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
VANHORN, VERNA Towner Petroleum 03/12/80 160.0 18 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WARNE, ROBERT C.T. Productions 10/24/77 113.0 17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WATSON, GILBERT ET UX C.T. Productions 10/31/77 66.0 8 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WENTZ, ARTHUR ET UX Towner Petroleum 07/05/80 188.0 14,17 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WHEELER, BETTY ET UX Mammoth Producing Corp. 02/28/73 126.0 2 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WHITE, HAYMOND ET UX Samuel G. Garfield 07/19/78 103.0 8 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WNTERS, A. E. ET UX S. E. Tracy 10/15/68 140.0 2 Madison GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BANK ONE ET AL Towner Petroleum 08/20/82 208.0 10-Jun Madison/Jef GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
KELLER, CARL ET UX New Frontier Exploration Inc. 06/19/78 152.0 10-Jun Madison/Jef GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
MULINIX, DONALD ET AL Samuel G. Garfield 02/22/79 258.0 2/22,23 Madison/Was GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
NICHOLS, RAYMOND ET UX Mammoth Producing Corp. 02/01/73 198.0 1/21 Madison/Was GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FOGLE, KENNETH ET UX Mary Caroline Zavatone 05/29/68 342.0 22/LOT 20 Madison/Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COMBS, JOHN ET UX Towner Petroleum 09/27/83 40.0 21 Monroe GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
ALBAUGH, GILBERT ET UX Enterprise Gas & Oil, Inc. 09/12/78 167.0 26,27 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BULLIONS, WANDA Towner Petroleum 09/15/81 259.0 36 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
EDDY, EVERETT ET UX D.B. Shaffer & Assoc. Inc. 12/03/80 75.0 3 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HEINISH, GEORGE ET UX D.B. Shaffer & Assoc. Inc. 02/20/81 165.0 33 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LAW, JOHN ET UX Towner Petroleum 02/16/82 146.0 33 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LYONS, HARRIS ET UX Enterprise Gas & Oil, Inc. 10/26/78 115.0 27 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
MAPLES, JOHN ET UX Towner Petroleum 09/04/81 80.0 26 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
McVICKERS, RAY ET UX Towner Petroleum 10/01/82 111.0 24 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
MINER, DONALD ET UX D.B. Shaffer & Assoc. Inc. 11/13/80 309.0 36 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SELLERS, JAMES ET UX D.B. Shaffer & Assoc. Inc. 12/04/80 225.0 3 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX D.B. Shaffer & Assoc. Inc. 12/04/80 80.0 25 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX D.B. Shaffer & Assoc. Inc. 12/04/80 89.0 31 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL D.B. Shaffer & Assoc. Inc. 12/04/80 80.0 25 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL D.B. Shaffer & Assoc. Inc. 12/04/80 89.0 31 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS D.B. Shaffer & Assoc. Inc. 12/04/80 80.0 25 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS D.B. Shaffer & Assoc. Inc. 12/04/80 89.0 31 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
LAUGHMAN, GENE & JAUNITA 80 545 LAUGHMAN, G. #1(2290)
- ------------------------------------------------------------------------------------------------------------------------
LYONS, DAVID & CINDY 86 718 LYONS/VANHORN #1(2808)
- ------------------------------------------------------------------------------------------------------------------------
McWILLIAMS, DONALD ET UX 86 759 McWILLIAMS, D. #1(2826)
- ------------------------------------------------------------------------------------------------------------------------
MOORE, CHARLES ET UX 58 424 TUTTLE/MOORE #1(1659)
- ------------------------------------------------------------------------------------------------------------------------
NEWELL, WAYNE 57 656 SMITH, J. #2 TO12(#281), JOHNSON/WATSON #1(2218)
- ------------------------------------------------------------------------------------------------------------------------
NICHOLS, STEWART ET UX 79 939 NICHOLS, S. #1(2177), NICHOLS, S. #2(2646)
- ------------------------------------------------------------------------------------------------------------------------
OLIVER, LELA 79 249 OLIVER, L. #2(2190)
- ------------------------------------------------------------------------------------------------------------------------
OLIVER, RONNIE ET UX 79 247 OLIVER, R. #1(2117), OLIVER, R. #2(2116)
- ------------------------------------------------------------------------------------------------------------------------
PADEN, CHARLES 57 256 PADEN, C. #1(2182), PADEN/BSA #1(2818), PADEN/PADEN #1(2946)
- ------------------------------------------------------------------------------------------------------------------------
PADEN, RAYMOND H., ET UX 57 270 VINCENT, R. #1(2150)
- ------------------------------------------------------------------------------------------------------------------------
PADEN, WILLARD ET UX 57 278 BOY SCOUTS #1(2176), PADEN/BSA #1(2818)
- ------------------------------------------------------------------------------------------------------------------------
PARRISH, KENNETH ET UX 82 860 PARRISH, K. #1(2350), PARRISH, K. #2(2462)
- ------------------------------------------------------------------------------------------------------------------------
PORTER, ELLIOT ET AL 88 277 PORTER, E. #1(3174)
- ------------------------------------------------------------------------------------------------------------------------
PRICE, RALPH ET UX 57 324 WEAVER, R. #1(2227), WEAVER, R. #2(3407)
- ------------------------------------------------------------------------------------------------------------------------
RAIMER, PAUL ET UX 80 254 RAIMER, P. #1(2239), RAIMER, P. #2(2241)
- ------------------------------------------------------------------------------------------------------------------------
RAMELLI, EUGENE ET AL 78 518 RAMELLI/CANEL #1(2119), RAMELLI/CANEL #2(2118)
- ------------------------------------------------------------------------------------------------------------------------
SCHALLER, RALPH ET UX 92 65 SCHULLER/GEORGE #1(2348), BICSHCARD/SCHULLER #1(2285)
- ------------------------------------------------------------------------------------------------------------------------
SHEPHERD, L.H. ET UX 57 332 FORD/SHEPHERD #1(3172)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, CHARLES & PAULINE 79 507 SMITH, C. #1(2186), SMITH, C. #3(2188)
- ------------------------------------------------------------------------------------------------------------------------
ST. CLAIR, KENNETH 89 294 St. CLAIR, K. #1(3004)
- ------------------------------------------------------------------------------------------------------------------------
THOMPSON, JAMES LEE ET UX 89 376 DEIOMA, K. #1(2933)
- ------------------------------------------------------------------------------------------------------------------------
TUCKER, JESSE ET UX 83 468 TUCKER, J. #1(2589)
- ------------------------------------------------------------------------------------------------------------------------
TUTTLE, GLEN ET UX 58 412 TUTTLE/MOORE #1(1659), TUTTLE, P. #1(2126), TUTTLE, P. #2(2125)
- ------------------------------------------------------------------------------------------------------------------------
VANHORN, VERNA 86 592 VANHORN, V. #1(2809), LYONS/VANHORN #1(2808), VANHORN/WARNE #1(2832)
- ------------------------------------------------------------------------------------------------------------------------
WARNE, ROBERT 80 483 VANHORN/WARNE #1(2832)
- ------------------------------------------------------------------------------------------------------------------------
WATSON, GILBERT ET UX 80 611 WATSON, G. #1(2444)
- ------------------------------------------------------------------------------------------------------------------------
WENTZ, ARTHUR ET UX 87 397 WENTZ, A. #1(2786), WENTZ, A. #2(2816)
- ------------------------------------------------------------------------------------------------------------------------
WHEELER, BETTY ET UX 71 416 WHEELER, B. #1(1651)
- ------------------------------------------------------------------------------------------------------------------------
WHITE, HAYMOND ET UX 82 716 DUNLAP/WHITE #1(2948)
- ------------------------------------------------------------------------------------------------------------------------
WNTERS, A. E. ET UX 58 392 WINTERS, N. #1(1705)
- ------------------------------------------------------------------------------------------------------------------------
BANK ONE ET AL 94 225 KUHN, R. #1(3464)
- ------------------------------------------------------------------------------------------------------------------------
KELLER, CARL ET UX 82 655 KELLER, C. #2-6(2575), KELLER, C. #3-6(2574)
- ------------------------------------------------------------------------------------------------------------------------
MULINIX, DONALD ET AL 84 549 MULINEX, D. #1(2591), MULINEX, D. #2(2590)
- ------------------------------------------------------------------------------------------------------------------------
NICHOLS, RAYMOND ET UX 71 374 NICHOLS, R. #1(1657)
- ------------------------------------------------------------------------------------------------------------------------
FOGLE, KENNETH ET UX 57 258 FOGLE, K. #1(2255)
- ------------------------------------------------------------------------------------------------------------------------
COMBS, JOHN ET UX 95 599 COMBS, J. #1(3471)
- ------------------------------------------------------------------------------------------------------------------------
ALBAUGH, GILBERT ET UX 83 318 ALBAUGH #1(2917), ALBAUGH #2(3034), LYONS/ALBAUGH #1(3040)
- ------------------------------------------------------------------------------------------------------------------------
BULLIONS, WANDA 91 381 BULLIONS, w. #1(3203), BULLIONS, W. #3(3422)
- ------------------------------------------------------------------------------------------------------------------------
EDDY, EVERETT ET UX 88 408 EDDY, E. #1(3070)
- ------------------------------------------------------------------------------------------------------------------------
HEINISH, GEORGE ET UX 90 43 HEINISH, A. #1(3035), HEINISH, A. #2(3380)
- ------------------------------------------------------------------------------------------------------------------------
LAW, JOHN ET UX 92 859 LAW, J. #2(3562), BLACK/LAW #1(3352)
- ------------------------------------------------------------------------------------------------------------------------
LYONS, HARRIS ET UX 83 753 LYONS, H. #1(3041), LYONS/THOMAS #1(3176), LYONS/ALBAUGH #1(3040)
- ------------------------------------------------------------------------------------------------------------------------
MAPLES, JOHN ET UX 91 318 WRIGHT/MAPLES #1(3087)
- ------------------------------------------------------------------------------------------------------------------------
McVICKERS, RAY ET UX 70 777 McVICKER, R. #1(3332)
- ------------------------------------------------------------------------------------------------------------------------
MINER, DONALD ET UX 88 267 MINER, D. #1(3037)
- ------------------------------------------------------------------------------------------------------------------------
SELLERS, JAMES ET UX 88 406 SELLERS, A. #2(3435)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX 91 314 SMITH, H. #1(3065)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX 91 306 SMITH, H. #2(3099)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL 91 312 SMITH, H. #1(3065)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL 91 302 SMITH, H. #2(3099)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS 91 310 SMITH, H. #1(3065)
- ------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS 91 304 SMITH, H. #2(3099)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 40
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 5 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
STARR, HOWARD ET UX Herb Polen 02/16/79 239.0 32 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TOTH, ETHEL D.B. Shaffer & Assoc. Inc. 12/04/80 171.0 25,30 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TOTH, ETHEL D.B. Shaffer & Assoc. Inc. 12/04/80 160.0 19 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WEAVER, ALBERT ET UX Enterprise Gas & Oil, Inc. 03/28/79 158.0 35 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
WRIGHT, JAMES ET UX Enterprise Gas & Oil, Inc. 09/13/78 155.0 26 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
YODER, ELMER ET UX D.B. Shaffer & Assoc. Inc. 12/22/80 159.0 15 Oxford GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BLACK, BERNARD & VESTA Towner Petroleum 04/26/80 189.0 33/21 Oxford/Madi GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BOOHER, HOWARD P.D. Willhite 11/22/66 161.5 1 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BOYER, ROBERT & ADELINE J.I. & J.B. Burns (DBA B&B Oil) 11/15/81 96.0 22 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COMBS, ROLLIN ET UX Herb Polen 02/10/77 181.0 1 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
CORBETT, HARRY Towner Petroleum 03/01/81 122.0 11,12 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
GREEN, RONALD ET UX Herb Polen 09/06/77 43.0 11 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
KEIFER, RICHARD ET UX Herb Polen 02/16/77 102.0 2,23 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LINDLEY, DORIS Herb Polen 04/11/77 130.0 LOT 11 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR Herb Polen 04/11/77 125.0 2 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
RICH, J. ET AL The East Ohio Gas 01/04/71 161.5 1 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
YONTZ, PHILLIP ET UX Herb Polen 02/12/77 181.0 1,2 Richland GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BAIR, HOMER ET UX Carl Brazell 07/26/72 66.0 8 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BATES, MARGARET Mammoth Producing Corp. 06/26/72 170.0 23 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BIRD, JOHN ET UX Mammoth Producing Corp. 07/25/72 78.0 18 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COLE, HAROLD ET UX Carl Brazell 07/06/72 74.0 13 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COWGAR, WILLIAM L., ET UX Mammoth Producing Corp. 03/21/73 3.0 24 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
COX, PAUL ET UX Towner Petroleum 01/25/86 160.0 18 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DACAR, LORRENE B., ET VIR Mammoth Producing Corp. 07/01/72 42.0 24 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DECAR, LORRENCE & ANDREW Carl Brazell 07/25/72 63.0 13 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
DELI, Cynthia, A. Stocker & Sitler Leasehold Corp. 07/06/78 65.0 10 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
FERDON, EDWARD ET UX C.T. Productions 12/27/77 76.0 22 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HICKENBOTTOM, WAYNE ET UX C.T. Productions 06/23/77 40.0 25 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
JEFFERS, WARREN Mammoth Producing Corp. 07/02/73 160.0 17 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LEEPER, FRANK ET AL Carl Brazell 10/19/72 100.0 14 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PATTERSON, RICHARD D. Mammoth Producing Corp. 06/26/72 115.0 24 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PERDUE, Lloyd, R. Stocker & Sitler Leasehold Corp. 06/23/65 15.8 3 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
PETERSON, DAVID & DORIS C.T. Productions 06/10/77 88.0 25 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
ROYCE, JOAN ET AL Carl Brazell 07/26/72 85.0 14 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SHUGART, Dean A. Et. Ux. Stocker & Sitler Leasehold Corp. 06/22/65 187.7 3,4 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SOLLEY, Sophey Stocker & Sitler Leasehold Corp. 06/06/75 73.7 2 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
STEEB, CLYDE ET UX Towner Petroleum 01/05/81 125.0 20 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TUTTLE, EARL & WANDA Towner Petroleum 09/20/82 65.0 23 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
TUTTLE, PAUL ET UX C.T. Productions 06/08/77 121.0 24 Washington GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
ALLEN, HOWARD ET UX Mary Caroline Zavatone 06/19/68 150.0 LOT 10 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BAXTER, HUGH A. Petro Oil Development Co. 08/02/68 75.0 10 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BLANEY, DURWARD ET UX National Petroleum Corp. 12/18/73 98.0 LOT 9 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
BUGOS, EDWARD ET UX Mary Caroline Zavatone 06/15/68 157.0 8 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
CHUMNEY, WALTER Towner Petroleum 09/07/83 402.0 2QTR Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HARPER, JOHN ET UX Towner Petroleum 03/05/80 124.0 LOT 5 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HITCHCOCK, RUTH Adams Well Service 03/07/77 167.0 6 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
HOSFELT, MARGARET Mary Caroline Zavatone 06/15/68 274.0 6,7,14 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSTON, WILLIAM James Drilling Corp. 08/07/68 372.0 LOT 9 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
LAUGHMAN, HARRY ET UX Mary Caroline Zavatone 06/01/68 107.0 8 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
REESE, ANNA Towner Petroleum 11/01/80 61.0 23 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SCHANTZ TRUCK & TACTOR C.T. Productions 07/25/77 83.0 3 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
SLASOR, CHESTER ET UX Mary Caroline Zavatone 06/19/68 319.0 14 Wills GUERNSEY
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
STARR, HOWARD ET UX 84 526 STARR, R. #1(2920), STARR, R. #2(3316), STARR/VAVOSA #1(3011)
- ----------------------------------------------------------------------------------------------------------------------
TOTH, ETHEL 88 767 TOTH, E. #1(2980), TOTH, E. #3(3081)
- ----------------------------------------------------------------------------------------------------------------------
TOTH, ETHEL 88 769 TOTH, E. #4(3200)
- ----------------------------------------------------------------------------------------------------------------------
WEAVER, ALBERT ET UX 84 702 WEAVER, A. #1(3023)
- ----------------------------------------------------------------------------------------------------------------------
WRIGHT, JAMES ET UX 57 922 WRIGHT/MAPLES #1(2087)
- ----------------------------------------------------------------------------------------------------------------------
YODER, ELMER ET UX 88 771 YODER, E. #2(3053), YODER, E. #3(3146)
- ----------------------------------------------------------------------------------------------------------------------
BLACK, BERNARD & VESTA 86 877 BLACK #1(2878), BLACK #3(3341), BLACK/LAW #1(3352), BLACK/DEIOMA #1(2957)
- ----------------------------------------------------------------------------------------------------------------------
BOOHER, HOWARD 55 683 BSA/BURNS #1(3235)
- ----------------------------------------------------------------------------------------------------------------------
BOYER, ROBERT & ADELINE 91 967 BSA/BURNS #2(3287)
- ----------------------------------------------------------------------------------------------------------------------
COMBS, ROLLIN ET UX 78 152 COMBS, R. #1(2069)
- ----------------------------------------------------------------------------------------------------------------------
CORBETT, HARRY 89 669 CROBETT, H. #2(3178)
- ----------------------------------------------------------------------------------------------------------------------
GREEN, RONALD ET UX 79 690 GREEN, R. #1(2461)
- ----------------------------------------------------------------------------------------------------------------------
KEIFER, RICHARD ET UX 78 146 KEIFFER, R. #1(2068), KEIFFER, R. #2(3179)
- ----------------------------------------------------------------------------------------------------------------------
LINDLEY, DORIS 78 847 LINDLEY, D. #1(2463), LINDLEY, D. #2(2464)
- ----------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR 78 849 MURRAY, A. #1(2073), MURRAY, A. #2(3234)
- ----------------------------------------------------------------------------------------------------------------------
RICH, J. ET AL 66 522 BSA/BURNS #1(3235)
- ----------------------------------------------------------------------------------------------------------------------
YONTZ, PHILLIP ET UX 78 148 YONTZ, P. #1(2076)
- ----------------------------------------------------------------------------------------------------------------------
BAIR, HOMER ET UX 70 610 BAIR #1(1647)
- ----------------------------------------------------------------------------------------------------------------------
BATES, MARGARET 69 869 BATES #1(1658)
- ----------------------------------------------------------------------------------------------------------------------
BIRD, JOHN ET UX 70 62 BIRD #1(1604)
- ----------------------------------------------------------------------------------------------------------------------
COLE, HAROLD ET UX 70 478 COLE/DECAR #1(1649)
- ----------------------------------------------------------------------------------------------------------------------
COWGAR, WILLIAM L., ET UX 71 508 PATTERSON/COWGAR/DACAR #1(1686)
- ----------------------------------------------------------------------------------------------------------------------
COX, PAUL ET UX 102 250 COX, P. #1(3684)
- ----------------------------------------------------------------------------------------------------------------------
DACAR, LORRENE B., ET VIR 69 995 PATTERSON/COWGAR/DACAR #1(1686)
- ----------------------------------------------------------------------------------------------------------------------
DECAR, LORRENCE & ANDREW 70 480 COLE/DECAR #1(1649)
- ----------------------------------------------------------------------------------------------------------------------
DELI, Cynthia, A. 84 918 DELI, C. #1(2542)
- ----------------------------------------------------------------------------------------------------------------------
FERDON, EDWARD ET UX 81 214 FERDON, E. #1(2446)
- ----------------------------------------------------------------------------------------------------------------------
HICKENBOTTOM, WAYNE ET UX 79 348 HICKENBOTTOM, M. #1(2414)
- ----------------------------------------------------------------------------------------------------------------------
JEFFERS, WARREN 72 104 JEFFERS, W. #1(1687)
- ----------------------------------------------------------------------------------------------------------------------
LEEPER, FRANK ET AL 70 608 LEEPER/GREENLESS #1(1621)
- ----------------------------------------------------------------------------------------------------------------------
PATTERSON, RICHARD D. 69 867 PATTERSON/COWGAR/DACAR #1(1686)
- ----------------------------------------------------------------------------------------------------------------------
PERDUE, Lloyd, R. 55 230 PERDUE UNIT #2(2585)
- ----------------------------------------------------------------------------------------------------------------------
PETERSON, DAVID & DORIS 79 262 PETERSON, D. #1(2225)
- ----------------------------------------------------------------------------------------------------------------------
ROYCE, JOAN ET AL 70 129 ROYCE/KECK #1(1609)
- ----------------------------------------------------------------------------------------------------------------------
SHUGART, Dean A. Et. Ux. 55 223 EMERY UNIT #2(2586)
- ----------------------------------------------------------------------------------------------------------------------
SOLLEY, Sophey 75 10 PERDUE UNIT #2(2585)
- ----------------------------------------------------------------------------------------------------------------------
STEEB, CLYDE ET UX 88 910 STEEB, C. #1(3223)
- ----------------------------------------------------------------------------------------------------------------------
TUTTLE, EARL & WANDA 94 456 TUTTLE/TUTTLE #1(3195)
- ----------------------------------------------------------------------------------------------------------------------
TUTTLE, PAUL ET UX 79 243 TUTTLE/TUTTLE #1(3195), TUTTLE #1(2126)
- ----------------------------------------------------------------------------------------------------------------------
ALLEN, HOWARD ET UX 57 328 ALLEN #1(2258), JOHNSON/ALLEN #1(2262), ALLEN/WINN #1(3353), BLANEY/ALLEN #1(2787)
- ----------------------------------------------------------------------------------------------------------------------
BAXTER, HUGH A. 92 627 MOOREHEAD, R. #1(2023)
- ----------------------------------------------------------------------------------------------------------------------
BLANEY, DURWARD ET UX 72 859 BLANEY #2(2814), BLANEY/ALLEN #1(2787)
- ----------------------------------------------------------------------------------------------------------------------
BUGOS, EDWARD ET UX 57 340 BUGOS #1(2111)
- ----------------------------------------------------------------------------------------------------------------------
CHUMNEY, WALTER 97 295 CHUMNEY #1(3677)
- ----------------------------------------------------------------------------------------------------------------------
HARPER, JOHN ET UX 86 506 HARPER/DEIOMA #1(2919)
- ----------------------------------------------------------------------------------------------------------------------
HITCHCOCK, RUTH 78 422 HITCHCOCK, R. #1(2108), HOSFELT/HITCHCOCK #1(2109)
- ----------------------------------------------------------------------------------------------------------------------
HOSFELT, MARGARET 57 312 HOSFELT/HITCHCOCK #1(2109)
- ----------------------------------------------------------------------------------------------------------------------
JOHNSTON, WILLIAM 57 658 JOHNSTON, W. #1(2829), JOHNSTON/ALLEN #1(2262)
- ----------------------------------------------------------------------------------------------------------------------
LAUGHMAN, HARRY ET UX 57 338 LAUGHMAN, H. #1(2113)
- ----------------------------------------------------------------------------------------------------------------------
REESE, ANNA 88 79 REESE, A. #1(2894)
- ----------------------------------------------------------------------------------------------------------------------
SCHANTZ TRUCK & TACTOR 79 600 SCHANTZ, G. #1(2180)
- ----------------------------------------------------------------------------------------------------------------------
SLASOR, CHESTER ET UX 57 268 SLASOR, C. #1(2105)
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 41
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 6 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SMITH, JAMES ET UX Mary Caroline Zavatone 06/20/68 253.0 6,10 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
SNEDDON, WILMA D.B. Shaffer & Assoc. Inc. 10/27/80 317.0 21 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
TENNANT, NORA Mary Caroline Zavatone 05/29/68 127.0 4 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
TIPTON, GEORGE ET UX Petro Oil Development Co. 08/05/68 55.0 10 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
WARNE, HARVEY ET UX Mary Caroline Zavatone 06/20/68 80.0 1 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
WINN, LOUIS ET UX D.B. Shaffer & Assoc. Inc. 11/24/80 122.0 LOT 4,3 Wills GUERNSEY
- --------------------------------------------------------------------------------------------------------------------------
ATER, SHIRLEY & EMMA Towner Petroleum 11/17/82 2.0 23 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
CARPENTER, CLARENCE D&G Oil & Gas Co. 06/03/72 69.0 5 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
CLAY, ROBERT ET UX Bands Company Inc. 12/30/81 26.5 23 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
CROSIER, A.V. ET UX D&G Oil & Gas Co. 06/01/72 104.0 11 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
CUNNINGHAM, JAMES ET UX Bands Company Inc. 12/10/81 37.0 23 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
DINDIOS, MICHAEL ET UX D&G Oil & Gas Co. 06/03/72 128.0 11 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
DUNLAP, HARVEY ET UX D&G Oil & Gas Co. 05/01/72 288.0 1,6 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
MALLARNEE, GLEN ET UX D&G Oil & Gas Co. 06/03/72 11.0 5 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR ET UX D&G Oil & Gas Co. 05/31/72 73.0 6,12 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
MYERS, RICHARD ET UX D&G Oil & Gas Co. 11/27/81 129.0 10,16 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
NALLE, WAYNE ET UX Towner Petroleum 11/16/82 88.0 17 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
PLOTTS, ORVAL ET UX D&G Oil & Gas Co. 05/30/72 86.0 6,12 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
POULTON, ROGER ET UX Towner Petroleum 11/17/82 1.0 23 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
RIGGS, E. BAIR Eastern Gas & Oil Inc. 05/12/77 160.0 22 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
SAFFELL, SAM ET UX D&G Oil & Gas Co. 05/31/72 102.0 23 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
SAYRE, Earl Et. Ux. Stocker & Sitler Leasehold Corp. 03/28/78 80.0 25 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
WELLS, Vernon Et. Ux. Stocker & Sitler Corporation 04/24/78 70.8 35 Freeport HARRISON
- --------------------------------------------------------------------------------------------------------------------------
BOY SCOUTS OF AMERICA Phillips Petroleum Company 03/18/74 320.0 33,34 Nottingham HARRISON
- --------------------------------------------------------------------------------------------------------------------------
STEWART, MARY ET UX R. Gene Brasel 03/05/69 235.0 29,30 Nottingham HARRISON
- --------------------------------------------------------------------------------------------------------------------------
BELL, EDWARD LLOYD ET UX R. Gene Brasel 03/10/69 148.0 11 Washington HARRISON
- --------------------------------------------------------------------------------------------------------------------------
MUSK. WATER CONSERV. DIST. Phillips Petroleum Company 03/18/74 640.0 17 Washington HARRISON
- --------------------------------------------------------------------------------------------------------------------------
ABBLETT, Ronald R C. E. Beck 06/11/83 1.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ALLSOPP, Thomas C. C. E. Beck 07/23/83 17.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ANTONOFF, Steve Sr. A. Kirk Roberts 06/19/69 220.0 3 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ARKWRIGHT, Wilson R Pominex, Inc. 07/29/76 1.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BAIRD, Delmas M Pominex, Inc. 02/02/76 10.0 15 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BAKER, Earl R C. E. Beck 07/01/82 15.8 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BEARD, Ethel L C. E. Beck 08/26/83 1.0 6 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BALL, John J C. E. Beck 06/09/83 6.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BODINE, Howard C Jr C. E. Beck 06/24/82 10.7 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BOWEN, Linda R C. E. Beck 09/07/83 6.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BOWEN, Melvin E C. E. Beck 11/05/83 6.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BOYER, Homer C A. Kirk Roberts 06/20/69 66.2 18 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BREWER, Gladys E A. Kirk Roberts 06/18/69 75.1 18 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BURKEY, Elton B C. E. Beck 06/16/82 16.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
BURR, Perry H Pominex, Inc. 12/08/75 8.0 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
CALVIN, R F Phillips Petroleum Co. 12/11/68 428.4 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
CEARNS, Iva M Pominex, Inc. 08/07/75 39.5 17 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
COLER, Loren R Pominex, Inc. 07/29/75 20.0 17 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
COOLEY, Earl R Pominex, Inc. 12/08/75 10.0 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
COOLEY, Roger E Pominex, Inc. 10/27/68 2.0 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
CROWE, Dale R A. Kirk Roberts 06/18/69 89.8 8 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
CRUMBACHER, Garland E Phillips Petroleum Co. 12/18/68 180.0 16 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SMITH, JAMES ET UX 57 346 SMITH, J. #2(2032), SMITH, J. #3(2825)
- --------------------------------------------------------------------------------------------------------------------
SNEDDON, WILMA 87 928 SNEDDON, W. #1(2895)
- --------------------------------------------------------------------------------------------------------------------
TENNANT, NORA 57 274 TENNANT, N. #1(2103)
- --------------------------------------------------------------------------------------------------------------------
TIPTON, GEORGE ET UX 57 431 TIPTON, G. #1(2024)
- --------------------------------------------------------------------------------------------------------------------
WARNE, HARVEY ET UX 57 282 WARNE, H. #1(2025)
- --------------------------------------------------------------------------------------------------------------------
WINN, LOUIS ET UX 88 343 WINN, L. #1(3066)
- --------------------------------------------------------------------------------------------------------------------
ATER, SHIRLEY & EMMA 67 361 CLAY/CUNNINGHAM #1(598)
- --------------------------------------------------------------------------------------------------------------------
CARPENTER, CLARENCE 51 379 CARPENTER/MALLARNE #1(530)
- --------------------------------------------------------------------------------------------------------------------
CLAY, ROBERT ET UX 65 561 CLAY/CUNNINGHAM #1(598)
- --------------------------------------------------------------------------------------------------------------------
CROSIER, A.V. ET UX 51 383 CROSIER, A. #1(520)
- --------------------------------------------------------------------------------------------------------------------
CUNNINGHAM, JAMES ET UX 56 680 CLAY/CUNNINGHAM #1(598)
- --------------------------------------------------------------------------------------------------------------------
DINDIOS, MICHAEL ET UX 51 387 LUKAS, H. #1(538)
- --------------------------------------------------------------------------------------------------------------------
DUNLAP, HARVEY ET UX 51 393 DUNLAP, H #1-6(531)
- --------------------------------------------------------------------------------------------------------------------
MALLARNEE, GLEN ET UX 51 399 CARPENTER/MALLARNE #1(530)
- --------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR ET UX 51 405 PLOTTS/MURRAY #1(533)
- --------------------------------------------------------------------------------------------------------------------
MYERS, RICHARD ET UX 65 266 MYERS, R. #1(521), MYERS, R. #2(603)
- --------------------------------------------------------------------------------------------------------------------
NALLE, WAYNE ET UX 67 363 NALLE, W. #1(600)
- --------------------------------------------------------------------------------------------------------------------
PLOTTS, ORVAL ET UX 51 411 PLOTTS, O. #1-12(749), PLOTTS/MURRAY #1(533)
- --------------------------------------------------------------------------------------------------------------------
POULTON, ROGER ET UX 67 365 CLAY/CUNNINGHAM #1(598)
- --------------------------------------------------------------------------------------------------------------------
RIGGS, E. BAIR 57 10 RIGGS, E. #2(542)
- --------------------------------------------------------------------------------------------------------------------
SAFFELL, SAM ET UX 51 417 EMERICK, R. #1(535)
- --------------------------------------------------------------------------------------------------------------------
SAYRE, Earl Et. Ux. 58 671 SAYRE, E. #1(356)
- --------------------------------------------------------------------------------------------------------------------
WELLS, Vernon Et. Ux. 58 662 WELLS, V. #1(358)
- --------------------------------------------------------------------------------------------------------------------
BOY SCOUTS OF AMERICA 49 81 BOY SCOUTS #1(303)
- --------------------------------------------------------------------------------------------------------------------
STEWART, MARY ET UX 47 591 CADIZ SEED(305)
- --------------------------------------------------------------------------------------------------------------------
BELL, EDWARD LLOYD ET UX 47 531 BELL, E. #1(304)
- --------------------------------------------------------------------------------------------------------------------
MUSK. WATER CONSERV. DIST. 54 75 MWCD #1(307), MWCD #2(306)
- --------------------------------------------------------------------------------------------------------------------
ABBLETT, Ronald R 209 640 AFC UNIT #17(1578), AFC UNIT #22(1739)
- --------------------------------------------------------------------------------------------------------------------
ALLSOPP, Thomas C. 210 226 ALLSOP UNIT #1(1733)
- --------------------------------------------------------------------------------------------------------------------
ANTONOFF, Steve Sr. 153 13 ANTONOFF #1A(573)
- --------------------------------------------------------------------------------------------------------------------
ARKWRIGHT, Wilson R 180 916 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- --------------------------------------------------------------------------------------------------------------------
BAIRD, Delmas M 177 1 PLUMMER UNIT #1(628)
- --------------------------------------------------------------------------------------------------------------------
BAKER, Earl R 205 669 LINDQUIST, WM. UNIT #1(1829)
- --------------------------------------------------------------------------------------------------------------------
BEARD, Ethel L 210 710 KRAMER UNIT #1(1732)
- --------------------------------------------------------------------------------------------------------------------
BALL, John J 209 448 BALL UNIT #1(1738)
- --------------------------------------------------------------------------------------------------------------------
BODINE, Howard C Jr 205 665 BALL UNIT #1(1738)
- --------------------------------------------------------------------------------------------------------------------
BOWEN, Linda R 210 712 AFC UNIT #23(1717), FANSLER UNIT #1(1731)
- --------------------------------------------------------------------------------------------------------------------
BOWEN, Melvin E 211 510 AFC UNIT #23(1717), FANSLER UNIT #1(1731)
- --------------------------------------------------------------------------------------------------------------------
BOYER, Homer C 153 41 HUFFMAN UNIT #1(987)
- --------------------------------------------------------------------------------------------------------------------
BREWER, Gladys E 153 37 SOUTH RANGE SCHOOL #1(639)
- --------------------------------------------------------------------------------------------------------------------
BURKEY, Elton B 205 722 AFC UNIT #17(1578), AFC UNIT #22(1739)
- --------------------------------------------------------------------------------------------------------------------
BURR, Perry H 176 465 YENCIK UNIT #1(836), YENCIK UNIT #3(2382)
- --------------------------------------------------------------------------------------------------------------------
CALVIN, R F 150 415 CALVIN/CULLAR #1(2552), CALVIN UNIT #1(593), CALVIN, R. #1(524), CALVIN, R. #2(2125)
CALVIN, W. #1(556), CALVIN, W. #2(2261), HARTMAN UNIT #1(2096)
- --------------------------------------------------------------------------------------------------------------------
CEARNS, Iva M 174 757 COLER, L. UNIT #1(616), COLER, L. UNIT #2(2037)
- --------------------------------------------------------------------------------------------------------------------
COLER, Loren R 175 68 COLER, L. UNIT #1(616), COLER, L. UNIT #2(2037)
- --------------------------------------------------------------------------------------------------------------------
COOLEY, Earl R 176 467 YENCIK UNIT #1(836), YENCIK UNIT #3(2382)
- --------------------------------------------------------------------------------------------------------------------
COOLEY, Roger E 182 710 YENCIK UNIT #1(836), YENCIK UNIT #3(2382)
- --------------------------------------------------------------------------------------------------------------------
CROWE, Dale R 153 1 CROWE/LUPLOW #1(2102), CROWE, D. #1(594)
- --------------------------------------------------------------------------------------------------------------------
CRUMBACHER, Garland E 150 477 COLER, L.UNIT #1(616),CRUMBACHER, S. #1(555),YENCIK UNIT #1(836)
YENCIK UNIT #3(2382)
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 42
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 7 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
CULLAR, John A etal A. Kirk Roberts 06/20/69 195.0 9,10 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
CULP, Elizabeth T Pominex, Inc. 04/13/76 19.4 19 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DALEY, Kevin A C. E. Beck 06/15/83 0.8 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DAVENPORT, Robert J Pominex, Inc. 01/14/76 52.0 8 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DAVIS, John Mark C. E. Beck 06/27/84 2.9 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DAWSON, Herbert F C. E. Beck 06/16/83 2.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DEHOFF, William C Sr. C. E. Beck 06/11/83 2.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DINAS, Gus J C. E. Beck 06/09/83 6.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DREW, Gertrude M C. E. Beck 10/07/83 1.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
DUBIEL, James M Pominex, Inc. 08/01/76 4.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
EVANS, David G A. Kirk Roberts 07/01/69 134.3 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
EVANS, Hazel L Pominex, Inc. 07/30/76 3.1 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
EVANS, Richard E Pominex, Inc. 08/07/75 4.1 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
GOOD, Laura I Pominex, Inc. 08/02/75 48.6 18 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
GORCHEFF, Marjorie C. E. Beck 06/14/83 5.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
GRAFFIUS, Robert T C. E. Beck 06/07/83 16.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
GREASEL, Gertrude C. E. Beck 02/03/84 6.0 6 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
HALT, Frederick L Pominex, Inc. 06/30/77 30.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
HARTMAN, William R. Jr. Pominex, Inc. 05/29/75 20.7 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KERR, Larry J. Carless Resources Inc. 04/11/87 1.8 18 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KERR, William K. Carless Resources Inc. 04/11/87 2.0 18 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KESTER, Wayne C C. E. Beck 06/16/83 1.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KRPICAK, Paul C. E. Beck 10/07/83 0.9 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KUSMIREK, Stanley C C. E. Beck 08/31/83 17.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LEACH, Rex W. Pominex, Inc. 08/04/76 15.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LINDQUIST, Willian W. C. E. Beck 06/18/84 11.6 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LODWICK, Alvin Pominex, Inc. 10/23/75 1.0 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LODWICK, Harvey Pominex, Inc. 05/29/75 33.5 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LUPLOW, Otto W. Carless Resources Inc. 04/28/86 4.0 6 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LUPLOW, Otto W. Jr. Pominex, Inc. 07/28/75 156.4 6 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MANSKY, Nardina C. E. Beck 11/05/83 100.0 15 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
McCARTNEY, Paul D C. E. Beck 08/30/83 43.0 20 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
McCULLOUGH, John R. Jr. C. E. Beck 10/07/83 1.0 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MELLINGER, Elta M Pominex, Inc. 05/31/75 99.5 16 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MOHLER, Benjamin G Pominex, Inc. 05/29/75 16.1 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ODOT RSC Energy Corp 08/17/84 14.1 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ODOT Carless Resources Inc. 06/10/86 16.9 6 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PLUMMER, Harvey W Pominex, Inc. 01/19/76 44.5 15 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
POWERS, William Carless Resources Inc. 12/04/86 5.2 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RAMSEY, Earl V. Jr. C. E. Beck 08/09/83 11.0 7 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RAPP, Ronald L Pominex, Inc. 08/01/75 5.7 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RHODES, Harry W Phillips Petroleum Co. 12/19/68 81.3 19 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RIFFLE, Eljean Carless Resources Inc. 12/04/86 7.9 9 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ROBINSON, Willian A. C. E. Beck 06/27/84 2.8 5 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ROHRER, Edwin H Pominex, Inc. 08/08/75 39.3 15 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SAMUELS, Donald W Pominex, Inc. 08/22/75 27.8 16 Beaver Mahoning
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CULLAR, John A etal 153 45 CALVIN/CULLAR #1(2552),CALVIN UNIT #1(593), LODWICK UNIT #1(589), CULLAR,
J. #1(591) HARTMAN UNIT #1(2096)
- -------------------------------------------------------------------------------------------------------------------------
CULP, Elizabeth T 170 365 RHODES UNIT #1(911)
- -------------------------------------------------------------------------------------------------------------------------
DALEY, Kevin A 209 800 AFC UNIT #17(1578), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
DAVENPORT, Robert J 176 949 DAVENPORT, R. #1(926)
- -------------------------------------------------------------------------------------------------------------------------
DAVIS, John Mark 214 10 LINDQUIST, WM. UNIT #1(1829)
- -------------------------------------------------------------------------------------------------------------------------
DAWSON, Herbert F 209 802 AFC UNIT #17(1578), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
DEHOFF, William C Sr. 209 454 AFC UNIT #17(1578), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
DINAS, Gus J 209 451 BALL UNIT #1(1738)
- -------------------------------------------------------------------------------------------------------------------------
DREW, Gertrude M 211 508 AFC UNIT #17(1758), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
DUBIEL, James M 180 898 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- -------------------------------------------------------------------------------------------------------------------------
EVANS, David G 153 167 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- -------------------------------------------------------------------------------------------------------------------------
EVANS, Hazel L 180 908 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- -------------------------------------------------------------------------------------------------------------------------
EVANS, Richard E 174 745 LODWICK UNIT #1(589)
- -------------------------------------------------------------------------------------------------------------------------
GOOD, Laura I 174 765 HUFFMAN UNIT #1(987)
- -------------------------------------------------------------------------------------------------------------------------
GORCHEFF, Marjorie 209 456 BALL UNIT #1(1738)
- -------------------------------------------------------------------------------------------------------------------------
GRAFFIUS, Robert T 209 442 BALL UNIT #1(1738)
- -------------------------------------------------------------------------------------------------------------------------
GREASEL, Gertrude 212 628 AFC UNIT #16(1576)
- -------------------------------------------------------------------------------------------------------------------------
HALT, Frederick L 185 953 WILTCREST/HALT UNIT #1(1023)
- -------------------------------------------------------------------------------------------------------------------------
HARTMAN, William R. Jr. 173 608 CALVIN/CULLAR #1(2552), CALVIN UNIT #1(593), HARTMAN UNIT #1(2096)
- -------------------------------------------------------------------------------------------------------------------------
KERR, Larry J. 441 89 SAUERWEIN/KERR UNIT #1(2127)
- -------------------------------------------------------------------------------------------------------------------------
KERR, William K. 441 91 SAUERWEIN/KERR UNIT #1(2127)
- -------------------------------------------------------------------------------------------------------------------------
KESTER, Wayne C 209 533 AFC UNIT #17(1758), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
KRPICAK, Paul 211 506 AFC UNIT #17(1578), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
KUSMIREK, Stanley C 210 246 FANSLER UNIT #1(1731)
- -------------------------------------------------------------------------------------------------------------------------
LEACH, Rex W. 180 894 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- -------------------------------------------------------------------------------------------------------------------------
LINDQUIST, Willian W. 213 902 LINDQUIST, WM. UNIT #1(1829)
- -------------------------------------------------------------------------------------------------------------------------
LODWICK, Alvin 175 667 LODWICK UNIT #1(589)
- -------------------------------------------------------------------------------------------------------------------------
LODWICK, Harvey 173 606 LODWICK UNIT #1(589)
- -------------------------------------------------------------------------------------------------------------------------
LUPLOW, Otto W. 251 173 CROWE/LUPLOW #1(2102)
- -------------------------------------------------------------------------------------------------------------------------
LUPLOW, Otto W. Jr. 174 266 CROWE/LUPLOW #1(2102), LUPLOW UNIT #1(590), LUPLOW UNIT #2(855)
- -------------------------------------------------------------------------------------------------------------------------
MANSKY, Nardina 211 934 MANSKY, N. #1(1986)
- -------------------------------------------------------------------------------------------------------------------------
McCARTNEY, Paul D 210 704 McCARTNEY, P. #1(1720)
- -------------------------------------------------------------------------------------------------------------------------
McCULLOUGH, John R. Jr. 211 41 AFC UNIT #17(1758), AFC UNIT #22(1739)
- -------------------------------------------------------------------------------------------------------------------------
MELLINGER, Elta M 173 686 SCHNECK/MELLINGER UNIT #1(893)
- -------------------------------------------------------------------------------------------------------------------------
MOHLER, Benjamin G 173 612 CALVIN UNIT #1(593)
- -------------------------------------------------------------------------------------------------------------------------
ODOT NR NR LINDQUIST, WM. UNIT #1(1829)
- -------------------------------------------------------------------------------------------------------------------------
ODOT NR NR CROWE/LUPLOW #1(2102)
- -------------------------------------------------------------------------------------------------------------------------
PLUMMER, Harvey W 176 803 PLUMMER UNIT #1(628)
- -------------------------------------------------------------------------------------------------------------------------
POWERS, William 368 328 HARTMAN UNIT #1(2096)
- -------------------------------------------------------------------------------------------------------------------------
RAMSEY, Earl V. Jr. 209 935 ALLSOP UNIT #1(1733)
- -------------------------------------------------------------------------------------------------------------------------
RAPP, Ronald L 174 268 LODWICK UNIT #1(589)
- -------------------------------------------------------------------------------------------------------------------------
RHODES, Harry W 150 469 RHODES UNIT #1(911)
- -------------------------------------------------------------------------------------------------------------------------
RIFFLE, Eljean 366 193 HARTMAN UNIT #1(2096)
- -------------------------------------------------------------------------------------------------------------------------
ROBINSON, Willian A. 214 8 LINDQUIST, WM. UNIT #1(1829)
- -------------------------------------------------------------------------------------------------------------------------
ROHRER, Edwin H 174 749 PLUMMER UNIT #1(628)
- -------------------------------------------------------------------------------------------------------------------------
SAMUELS, Donald W 174 755 YENCIK UNIT #1(836), YENCIK UNIT #3(2382)
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 43
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 8 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SCATTERGOOD, Daryl W Pominex, Inc. 07/28/75 54.5 8 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SCHAEFFER, Homer Pominex, Inc. 10/28/76 116.7 18,7 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SCHNECK, John W East Ohio Gas Co. 11/01/72 25.0 16 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SHAFFER, Stanley V Pominex, Inc. 08/01/76 1.0 8 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SITTIG, Scott E. C. E. Beck 07/07/84 1.2 5 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, Eddie L Pominex, Inc. 08/08/75 12.9 18 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SMITH, Linda L C. E. Beck 08/19/83 10.0 7 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
SNYDER, Arthur Dale C. E. Beck 06/15/83 6.3 5 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
STEAR, Angus D Pominex, Inc. 01/08/76 90.0 8 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
THOMPSON, Jack L A. Kirk Roberts 07/01/69 30.8 16 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
VAN PELT, Willard J C. E. Beck 06/21/83 38.0 17 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
VAN PELT, Willard J. Pominex, Inc. 09/29/75 20.0 17 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
VARGIN, Louis Jr. Pominex, Inc. 04/06/78 5.0 7 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
WAGENHOUSER, Kenneth E Phillips Petroleum Co. 12/11/68 96.2 16 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
WEAVER, David A C. E. Beck 06/09/83 102.7 19 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
WEAVER, David A. C. E. Beck 06/09/83 9.1 19 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
WILSON, Edward A Pominex, Inc. 06/08/78 15.0 7 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
YENCIK, Milan F Pominex, Inc. 05/29/75 59.8 9 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
POWERS, Alden D C. E. Beck 06/03/82 9.8 7 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
AFC CORPORATION C. E. Beck 06/03/82 1,031.0 5,6,7/LOT8,Beav./Can./ Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
WILT, Lester V Quaker State 05/31/73 563.8 1,7,16 Beaver/Gree Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KRAMER, David H C. E. Beck 06/04/83 39.0 LOT 18 Canfield Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
ALTOMARE, Richard L. C. E. Beck 06/11/84 30.0 22 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
ANGLEMYER, Dewayne R Pominex, Inc. 05/07/76 11.0 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
ARAS ASSOCIATES Carless Resources Inc. 10/04/88 66.4 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BARE, Richard E Pominex, Inc. 04/07/76 59.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BEARDSLEY, Almus L Pominex, Inc. 07/10/75 118.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BECK INDUSTRIES, INC. C. E. Beck 01/04/83 69.6 3 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BECK, John L Pominex, Inc. 01/24/76 68.8 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BECK, John L. C. E. Beck 02/16/84 1.0 3 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BEEMAN, Marilyn I C. E. Beck 08/30/83 2.0 1 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BIXLER, Norman L. C. E. Beck 06/11/84 14.4 22 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BORT, Helen Pominex, Inc. 05/12/76 3.0 13 Beaver Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BORT, Lizzie A. Kirk Roberts 06/18/69 111.8 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BOWMAN, Lauren W Pominex, Inc. 08/14/76 5.5 24 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BOWMAN, Leon F. Carless Resources Inc. 10/24/88 38.8 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BOWMAN, Paul E Phillips Petroleum Co. 11/01/68 80.2 11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BUSH, Dewey Phillips Petroleum Co. 11/04/68 55.3 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
BUSH, Harvey Pominex, Inc. 05/22/75 43.5 14 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SCATTERGOOD, Daryl W 174 258 SCATTERGOOD, D. #1(592)
- -----------------------------------------------------------------------------------------------------------------------------------
SCHAEFFER, Homer 182 706 EVANS UNIT #1(890), EVANS UNIT #2(2036)
- -----------------------------------------------------------------------------------------------------------------------------------
SCHNECK, John W 164 243 SCHNECK/MELLINGER UNIT #1(893)
- -----------------------------------------------------------------------------------------------------------------------------------
SHAFFER, Stanley V 180 719 LUPLOW UNIT #1(590), LUPLOW UNIT #2(855)
- -----------------------------------------------------------------------------------------------------------------------------------
SITTIG, Scott E. 214 153 LINDQUIST, WM. UNIT #1(1829)
- -----------------------------------------------------------------------------------------------------------------------------------
SMITH, Eddie L 174 751 HUFFMAN UNIT #1(987)
- -----------------------------------------------------------------------------------------------------------------------------------
SMITH, Linda L 210 232 AFC UNIT #23(1717), FANSLER UNIT #1(1731)
- ------------------------------------------------------------------------------------------------------------------------------------
SNYDER, Arthur Dale 209 460 LINDQUIST, WM. UNIT #1(1829)
- ------------------------------------------------------------------------------------------------------------------------------------
STEAR, Angus D 176 947 STEAR, A. #1(817), STEAR, A. #2(2039)
- -----------------------------------------------------------------------------------------------------------------------------------
THOMPSON, Jack L 153 191 SCHNECK/MELLINGER UNIT #1(893)
- -----------------------------------------------------------------------------------------------------------------------------------
VAN PELT, Willard J 209 538 VAN PELT, W. UNIT #1(1761)
- -----------------------------------------------------------------------------------------------------------------------------------
VAN PELT, Willard J. 175 70 COLER, L. UNIT #1(616), COLER, L. UNIT #2(2037)
- -----------------------------------------------------------------------------------------------------------------------------------
VARGIN, Louis Jr. 189 552 WILSON UNIT #1(1093)
- -----------------------------------------------------------------------------------------------------------------------------------
WAGENHOUSER, Kenneth E 150 411 WAGONHAUSER, K. #1(548)
- -----------------------------------------------------------------------------------------------------------------------------------
WEAVER, David A 214 430 WEAVER, D. UNIT #1(1723), WEAVER, D. UNIT #2(1734)
- -----------------------------------------------------------------------------------------------------------------------------------
WEAVER, David A. 214 444 WEAVER, D. UNIT #1(1723), WEAVER, D. UNIT #2(1734)
- -----------------------------------------------------------------------------------------------------------------------------------
WILSON, Edward A 190 349 WILSON UNIT #1(1093)
- -----------------------------------------------------------------------------------------------------------------------------------
YENCIK, Milan F 173 610 YENCIK UNIT #1(836), YENCIK UNIT #3(2382)
- -----------------------------------------------------------------------------------------------------------------------------------
POWERS, Alden D 205 81 ALLSOP UNIT #1(1733)
- -----------------------------------------------------------------------------------------------------------------------------------
AFC CORPORATION 205 85 AFC #1(1508),AFC#2(1505),AFC#3(1509),AFC#4(1507),#5(1506),AFC#6(1514),AFC#7(1568)
AFC#8(1569),AFC#9(1570),AFC#11(1572),AFC#12(1573),AFC#13(1574),AFC UNIT#14(1575)
AFC UNIT#15(1577),AFC UNIT#17(1578)
AFC#18(1581),AFC#19(1582),AFC#20(1583),AFC#21(1584),AFC UNIT #23(1717), AFC#24(2550)
ALLSOP UNIT #1(1733), AFC/WILTCREST UNIT #1A(2542)
- -----------------------------------------------------------------------------------------------------------------------------------
WILT, Lester V 166 419 AFC/WILTCREST UNIT #1A(2542), WILTCREST FARMS #1(574), WILTCREST FARMS #2(626)
WILTCREST UNIT #1(627), WILTCREST FARMS #3(892), WILTCREST/HALT UNIT #1(1023)
McINTYRE/WILTCREST #1(650), WILTCREST FARMS #4(2108), WILCREST FARMS #5(2360)
WILTCREST FARMS #6(2361), WILTCREST UNIT #2(2290)
- -----------------------------------------------------------------------------------------------------------------------------------
KRAMER, David H 209 436 KRAMER UNIT #1(1732)
- -----------------------------------------------------------------------------------------------------------------------------------
ALTOMARE, Richard L. 213 841 WILLIAMSON UNIT #2(1920)
- -----------------------------------------------------------------------------------------------------------------------------------
ANGLEMYER, Dewayne R 179 780 BECK UNIT #1(938), BECK UNIT #2(2540)
- -----------------------------------------------------------------------------------------------------------------------------------
ARAS ASSOCIATES 742 314 LEVINE #1(2284)
- -----------------------------------------------------------------------------------------------------------------------------------
BARE, Richard E 178 945 GASPER/BARE UNIT #1(904)
- -----------------------------------------------------------------------------------------------------------------------------------
BEARDSLEY, Almus L 174 85 BEARDSLEY UNIT #1(647), BEARDSLEY UNIT #2(2106)
- -----------------------------------------------------------------------------------------------------------------------------------
BECK INDUSTRIES, INC. 207 775 BECK INDUSTRIES #1(1719)
- -----------------------------------------------------------------------------------------------------------------------------------
BECK, John L 176 943 BECK UNIT #1(938), BECK UNIT #2(2540)
- -----------------------------------------------------------------------------------------------------------------------------------
BECK, John L. 212 633 BECK INDUSTRIES #1(1719)
- -----------------------------------------------------------------------------------------------------------------------------------
BEEMAN, Marilyn I 212 691 KRAMER UNIT #1(1732)
- -----------------------------------------------------------------------------------------------------------------------------------
BIXLER, Norman L. 213 845 WILLIAMSON UNIT #2(1920)
- -----------------------------------------------------------------------------------------------------------------------------------
BORT, Helen 179 776 LINDQUIST UNIT #1(736), LINDQUIST UNIT #2(2134)
- -----------------------------------------------------------------------------------------------------------------------------------
BORT, Lizzie 153 33 LINDQUIST UNIT #1(736), LINDQUIST UNIT #2(2134)
- -----------------------------------------------------------------------------------------------------------------------------------
BOWMAN, Lauren W 181 283 KENTZEL/BOWAN UNIT #1(879)
- -----------------------------------------------------------------------------------------------------------------------------------
BOWMAN, Leon F. 765 181 BOWMAN UNIT #1(2294)
- -----------------------------------------------------------------------------------------------------------------------------------
BOWMAN, Paul E 149 559 BOWMAN/STEPUK UNIT #1(528)
- -----------------------------------------------------------------------------------------------------------------------------------
BUSH, Dewey 149 571 BUSH UNIT #1(938), BUSH UNIT #2(2540)
- -----------------------------------------------------------------------------------------------------------------------------------
BUSH, Harvey 173 616 SAUERWEIN/BUSH UNIT #1(951), SAUERWIEN/BUSH UNIT #2(1929)
SAUERWEIN/BUSH UNIT #3(1930)
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 44
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 9 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
BUSH, Joseph Phillips Petroleum Co. 11/04/68 2.0 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CALVIN, Floyd H A. Kirk Roberts 06/17/69 128.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CAVALIER, Leonard A. et al. C. E. Beck 08/18/83 28.5 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CAVALIER, Olga M C. E. Beck 03/21/84 28.5 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CESSNA, Delmar B C. E. Beck 08/27/83 10.0 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CHARLTON, Richard G.Sr. C. E. Beck 08/09/84 31.0 22 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
CONTI, Robert S. C. E. Beck 07/31/84 1.5 23 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DAVIS, Doris W Pominex, Inc. 02/05/76 75.0 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DAVIS, Nellie L Pominex, Inc. 08/27/75 49.0 24 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DENNISON, Everett G Pominex, Inc. 01/15/76 92.0 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DETWILER, Marcus E Phillips Petroleum Co. 02/04/69 124.7 24 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DOLAK, Josephs Pominex, Inc. 07/29/76 1.0 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
DUPONTY, James V C. E. Beck 08/30/83 6.0 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
EDGERTON, James C. C. E. Beck 08/13/84 14.3 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
ESHLER, Jacob M Pominex, Inc. 03/30/76 15.0 11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
EVERSON, Charles W Pominex, Inc. 06/24/76 0.8 10,11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
EVERSON, Charles W Phillips Petroleum Co. 11/01/68 90.6 10,11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
EWING, Jerry L Phillips Petroleum Co. 11/02/68 110.0 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
FANSLER, Gary E C. E. Beck 11/09/83 37.0 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
FEREN, Edward V Pominex, Inc. 02/20/76 32.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
FLICK, James R A. Kirk Roberts 06/07/69 184.8 20 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
GARBER, Russell L Quaker State 11/20/68 79.8 2 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
GASPER, Paul S Pominex, Inc. 05/08/76 15.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
GILBEY, George W Pominex, Inc. 02/23/76 5.5 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
GOODMAN, Leroy O Quaker State 11/18/68 117.7 3 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HAHN, Donald M. Carlesss Resources Inc. 10/24/88 1.0 15 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HOFMANN, Dwayne R Pominex, Inc. 08/20/75 3.8 1 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HOFMANN, Frank W Pominex, Inc. 08/20/75 22.1 1 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HOPE, James H Pominex, Inc. 03/29/76 15.0 11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HUDAK, Michael J. C. E. Beck 08/07/84 48.1 17 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HULL, Cary L C. E. Beck 08/27/83 6.0 23 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
HULL, Charles M C. E. Beck 07/15/85 29.0 23 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSON, Clifford W C. E. Beck 09/06/83 6.0 12 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KAPPLER, Emma A Pominex, Inc. 05/04/77 80.0 23 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KENNEY, Michael E. C. E. Beck 08/20/84 26.5 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KENREICH, David J Phillips Petroleum Co. 11/05/68 39.8 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KENTZEL FARMS, Inc Pominex, Inc. 05/04/74 247.0 24 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KENTZEL, Edythe R Pominex, Inc. 05/04/74 23.0 11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KENTZEL, Harry M Pominex, Inc. 05/04/74 97.0 11 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KNAUF, Hugh Quaker State 11/08/68 173.5 3,10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KNAUF, Mildred C. E. Beck 09/30/83 32.5 14 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KNAUF, Roger L C. E. Beck 09/30/83 32.5 14 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KNOEDLER, Edwin L Pominex, Inc. 05/06/76 11.0 13 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KUHNS, Donald L Pominex, Inc. 07/31/76 2.0 10 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
KURTZ, Wilbur H East Ohio Gas Co. 09/18/73 46.0 24 Green Mahoning
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BUSH, Joseph 149 543 BUSH UNIT #1(938), BUSH UNIT #2(2540)
- -------------------------------------------------------------------------------------------------------------------------
CALVIN, Floyd H 153 29 BEARDSLEY UNIT #1(647), BEARDSLEY UNIT #2(2106), CALVIN, F. #1(625)
CALVIN/FERREN UNIT #1(2268)
- -------------------------------------------------------------------------------------------------------------------------
CAVALIER, Leonard A. et al. 210 229 CAVALIER #1(1729), LAM ENTERPRISES #1(1730)
- -------------------------------------------------------------------------------------------------------------------------
CAVALIER, Olga M 212 693 CAVALIER #1(1729), LAM ENTERPRISES #1(1730)
- -------------------------------------------------------------------------------------------------------------------------
CESSNA, Delmar B 210 240 LAM ENTERPRIZES UNIT #2(1742)
- -------------------------------------------------------------------------------------------------------------------------
CHARLTON, Richard G.Sr. 214 537 RONSHAUSEN UNIT #1(2155)
- -------------------------------------------------------------------------------------------------------------------------
CONTI, Robert S. 214 50 HULL UNIT #1(1994)
- -------------------------------------------------------------------------------------------------------------------------
DAVIS, Doris W 178 482 DORIS DAVIS UNIT #1(888)
- -------------------------------------------------------------------------------------------------------------------------
DAVIS, Nellie L 174 747 DAVIS, NELLIE UNIT #1(939)
- -------------------------------------------------------------------------------------------------------------------------
DENNISON, Everett G 176 945 DENNISON, E. #1(624), DENNISON, E. #2(2447)
- -------------------------------------------------------------------------------------------------------------------------
DETWILER, Marcus E 151 185 DETWILER, M. #1(638)
- -------------------------------------------------------------------------------------------------------------------------
DOLAK, Josephs 180 912 DORIS DAVIS UNIT #1(888)
- -------------------------------------------------------------------------------------------------------------------------
DUPONTY, James V 211 39 LAM ENTERPRIZES UNIT #2(1742)
- -------------------------------------------------------------------------------------------------------------------------
EDGERTON, James C. 214 544 KENNEY UNIT #1(2110)
- -------------------------------------------------------------------------------------------------------------------------
ESHLER, Jacob M 178 953 KENTZEL/SOWERS UNIT #1(927), KENZEL/SOWERS UNIT #2(2296)
- -------------------------------------------------------------------------------------------------------------------------
EVERSON, Charles W 180 162 EVERSON/MACKEY UNIT #1(740), EVERSON/MACKEY UNIT #2(2097)
- -------------------------------------------------------------------------------------------------------------------------
EVERSON, Charles W 149 547 EVERSON/MACKEY UNIT #1(740), EVERSON/MACKEY UNIT #2(2097)
- -------------------------------------------------------------------------------------------------------------------------
EWING, Jerry L 149 579 EWING, J. L. #1(1024), EWING, J.L. #2(2363)
- -------------------------------------------------------------------------------------------------------------------------
FANSLER, Gary E 211 671 AFC UNIT #23(1717), FANSLER UNIT #1(1731)
- -------------------------------------------------------------------------------------------------------------------------
FEREN, Edward V 178 488 CALVIN/FEREN UNIT #1(2268), PETRILLA UNIT #1(737), ROLLER/BOWMAN UNIT #1(2132)
- -------------------------------------------------------------------------------------------------------------------------
FLICK, James R 152 696 FLICK, J. #1(1075)
- -------------------------------------------------------------------------------------------------------------------------
GARBER, Russell L 149 659 GARBER, R. #1(818)
- -------------------------------------------------------------------------------------------------------------------------
GASPER, Paul S 179 784 GASPER/BARE UNIT #1(904)
- -------------------------------------------------------------------------------------------------------------------------
GILBEY, George W 178 492 PETRILLA UNIT #1(737), ROLLER/BOWMAN UNIT #1(2132)
- -------------------------------------------------------------------------------------------------------------------------
GOODMAN, Leroy O 149 661 KNAUF, HUGH UNIT #1(854), KNAUF, HUGH UNIT #2(1098), STEARNS #1(676)
STEARNS #2(2297)
- -------------------------------------------------------------------------------------------------------------------------
HAHN, Donald M. 765 179 BOWMAN UNIT #1(2294)
- -------------------------------------------------------------------------------------------------------------------------
HOFMANN, Dwayne R 174 753 WILTCREST UNIT #1(627)
- -------------------------------------------------------------------------------------------------------------------------
HOFMANN, Frank W 174 763 WILTCREST UNIT #1(627)
- -------------------------------------------------------------------------------------------------------------------------
HOPE, James H 178 949 KENTZEL/SOWERS UNIT #1(927), KENZEL/SOWERS UNIT #2(2296)
- -------------------------------------------------------------------------------------------------------------------------
HUDAK, Michael J. 215 108 HUDAK, M. #1(2103)
- -------------------------------------------------------------------------------------------------------------------------
HULL, Cary L 210 243 HULL UNIT #1(1994)
- -------------------------------------------------------------------------------------------------------------------------
HULL, Charles M 209 804 HULL UNIT #1(1994)
- -------------------------------------------------------------------------------------------------------------------------
JOHNSON, Clifford W 210 717 LAM ENTERPRIZES UNIT #2(1742)
- -------------------------------------------------------------------------------------------------------------------------
KAPPLER, Emma A 184 935 KAPPLER, E. #1(1917)
- -------------------------------------------------------------------------------------------------------------------------
KENNEY, Michael E. 214 547 KENNEY UNIT #1(2110)
- -------------------------------------------------------------------------------------------------------------------------
KENREICH, David J 149 482 KENREICH UNIT #2(2259), SHEEN UNIT #1(525), KENREICH UNIT #1(2133)
- -------------------------------------------------------------------------------------------------------------------------
KENTZEL FARMS, Inc 170 453 KENTZEL/BOWMAN UNIT #1(879)
- -------------------------------------------------------------------------------------------------------------------------
KENTZEL, Edythe R 179 478 KENTZEL/SOWERS UNIT #1(927), KENZEL/SOWERS UNIT #2(2296)
- -------------------------------------------------------------------------------------------------------------------------
KENTZEL, Harry M 170 466 KENREICH UNIT #2(2259), KENTZEL/SOWERS UNIT #1(927), KENTZEL/SOWERS UNIT #2(2296)
KENREICH UNIT #1(2133)
- -------------------------------------------------------------------------------------------------------------------------
KNAUF, Hugh 149 673 KNAUF, H. #1(767), KNAUF, HUGH UNIT #1(854), KNAUF, HUGH UNIT #2(2098)
- -------------------------------------------------------------------------------------------------------------------------
KNAUF, Mildred 211 36 KNAUF HEIRS #1(1741)
- -------------------------------------------------------------------------------------------------------------------------
KNAUF, Roger L 211 49 KNAUF HEIRS #1(1741)
- -------------------------------------------------------------------------------------------------------------------------
KNOEDLER, Edwin L 179 782 GASPER/BARE UNIT #1(904)
- -------------------------------------------------------------------------------------------------------------------------
KUHNS, Donald L 180 906 DORIS DAVIS UNIT #1(888)
- -------------------------------------------------------------------------------------------------------------------------
KURTZ, Wilbur H 168 312 DAVIS, NELLIE UNIT #1(939)
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 45
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 10 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LAM ENTERPRISES INC C. E. Beck 08/15/83 40.0 12 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LESS, Francis G Phillips Petroleum Co. 02/06/69 111.5 24 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LESS, Paul F Pominex, Inc. 05/16/75 158.6 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
LOWMASTER, Daniel E Pominex, Inc. 08/01/76 2.0 10 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MACKEY, Ray E Pominex, Inc. 02/18/76 21.7 10 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
McCUE, Paul R Pominex, Inc. 07/29/76 1.5 10 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
McINTYRE, Paul D A. Kirk Roberts 06/17/96 51.6 12 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MOORE, James W. Carless Resources Inc. 07/21/87 115.0 9 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
MORT, Julia G. C. E. Beck 07/31/84 5.0 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ORR, Carroll C. C. E. Beck 07/28/84 3.0 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PAULIN, Harvey H Quaker State 05/31/73 120.0 1,2 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PETRILLA, Frank L Pominex, Inc. 02/19/76 35.5 13 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PERKINS, Velma Quaker State 06/05/73 99.0 12 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PIFER, Lemont A. C. E. Beck 02/23/84 6.0 3 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
PITTS, William L. C. E. Beck 07/23/84 1.5 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
LAM ENTERPRISES INC 210 235 LAM ENTERPRIZES #1(1730), LAM ENTERPRISES #2(1742)
- --------------------------------------------------------------------------------------------------------------------------
LESS, Francis G 151 197 LESS, F. #1(915)
- --------------------------------------------------------------------------------------------------------------------------
LESS, Paul F 173 618 LESS, P. #1(913)
- --------------------------------------------------------------------------------------------------------------------------
LOWMASTER, Daniel E 180 896 SMITH UNIT #1(843), SMITH UNIT #2(2289)
- --------------------------------------------------------------------------------------------------------------------------
MACKEY, Ray E 178 484 EVERSON/MACKEY UNIT #1(740), EVERSON/MACKEY UNIT #2(2097)
- --------------------------------------------------------------------------------------------------------------------------
McCUE, Paul R 180 910 SMITH UNIT #1(843), SMITH UNIT #2(2289)
- --------------------------------------------------------------------------------------------------------------------------
McINTYRE, Paul D 153 25 McINTYRE/WILTCREST UNIT #1(650)
- --------------------------------------------------------------------------------------------------------------------------
MOORE, James W. 521 101 MOORE UNIT #1(2264)
- --------------------------------------------------------------------------------------------------------------------------
MORT, Julia G. 214 428 HULL UNIT #1(1994)
- --------------------------------------------------------------------------------------------------------------------------
ORR, Carroll C. 214 387 HULL UNIT #1(1994)
- --------------------------------------------------------------------------------------------------------------------------
PAULIN, Harvey H 166 415 PAULIN, H. #1(544), PAULIN, H. #2(1076)
- --------------------------------------------------------------------------------------------------------------------------
PETRILLA, Frank L 178 486 CALVIN/FEREN UNIT #1(2268), PETRILLA UNIT #1(737), ROLLER/BOWMAN UNIT #1(2132)
- --------------------------------------------------------------------------------------------------------------------------
PERKINS, Velma 166 518 PERKINS, V. #1(572), PERKINS, V. #3(2109)
- --------------------------------------------------------------------------------------------------------------------------
PIFER, Lemont A. 212 635 BECK INDUSTRIES #1(1719)
- --------------------------------------------------------------------------------------------------------------------------
PITTS, William L. 214 439 HULL UNIT #1(1994)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 46
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 11 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PLUNKETT, John J. C. E. Beck 07/11/84 2.0 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
POWERS, Eula D C. E. Beck 06/03/82 227.0 6 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RAIDEL, Robert A. C. E. Beck 08/17/84 29.5 22 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
REIFINGER, Charles H Pominex, Inc. 09/08/76 5.1 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RHODES, Bruce E Pominex, Inc. 07/31/76 3.9 10 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RHODES, Raymond Pominex, Inc. 07/31/76 10.4 10 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RIDEL, Frank E Pominex, Inc. 09/16/76 10.3 12 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ROBINSON, William A. Carless Resources Inc. 03/08/88 5.5 9 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
ROLLER, David A Phillips Petroleum Co. 11/01/68 109.0 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
RONSHAUSEN, Elbert J. Carless Resources Inc. 07/21/87 20.0 22 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SAUERWEIN, Arden L Pominex, Inc. 01/30/76 327.0 14 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SAUERWEIN, Arden L Pominex, Inc. 10/04/76 113.0 14 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SCHAADE, Harry W Pominex, Inc. 01/21/76 39.0 13 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SHEEN, Charles E Phillips Petroleum Co. 04/24/69 143.8 9 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SHEPHERD/AMMON (SWDW) 0.0 16 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SHURTLEFF, Harold T Pominex, Inc. 01/30/76 19.8 3 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SIGLE, Clyde E Phillips Petroleum Co. 11/07/73 64.1 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SLAGLE, Richard G Pominex, Inc. 01/21/76 18.0 13 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SMITH, Frank T C. E. Beck 08/19/83 140.0 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
SOWERS, Ivan Phillips Petroleum Co. 11/06/68 44.3 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
STEPUK, Emil Phillips Petroleum Co. 11/01/68 79.3 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
TEETS, Paul L C. E. Beck 08/09/83 114.0 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
TRAFICANT, James A. Sr. C. E. Beck 12/14/83 144.0 14,15 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
TRAFICANT, James A. Sr. C. E. Beck 06/14/84 8.3 14 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WAGGLE, Dennis R. C. E. Beck 07/31/84 2.0 23 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WATT, William Pominex, Inc. 03/29/76 17.0 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WESTON, James R Pominex, Inc. 03/30/76 15.0 11 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WILLIAMSON, Robert R. C. E. Beck 06/11/84 40.0 22 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WISLER, Paul D Phillips Petroleum Co. 12/19/68 100.9 27 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
WITHERS, Russell E Phillips Petroleum Co. 04/30/69 207.6 8 Green Mahoning
- --------------------------------------------------------------------------------------------------------------------------
KARAS, Peter Atlas Energy Group 07/29/76 40.2 2 Milton MAHONING
- --------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Republic Steel Corporation 06/27/77 12,883.0 Ad./Mad./Sa MUSKINGUM
- --------------------------------------------------------------------------------------------------------------------------
BARRICK GOLD EXPLORATION Kelt Ohio Inc. 02/03/95 145.7 22 Madison MUSKINGUM
- --------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Orr Petroleum Corporation 06/22/88 160.0 22 Madison MUSKINGUM
- --------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Republic Steel Corporation 06/27/77 420.0 Madison MUSKINGUM
- --------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Republic Steel Corporation 06/27/77 400.0 Madison MUSKINGUM
- --------------------------------------------------------------------------------------------------------------------------
CORBETT, HARRY Towner Petroleum 04/01/81 82.0 14 Buffalo NOBLE
- --------------------------------------------------------------------------------------------------------------------------
LARSON, DAVID ET UX Towner Petroleum 01/19/82 87.0 13 Buffalo NOBLE
- --------------------------------------------------------------------------------------------------------------------------
BIG C RANCH C.T. Production 10/06/76 40.0 36 Center NOBLE
- --------------------------------------------------------------------------------------------------------------------------
BIG C RANCH C.T. Production 10/06/76 154.6 6 Enoch NOBLE
- --------------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. Republic Steel Corporation 06/26/77 1,641.0 4,5,6,31,32Enoch/Cente NOBLE
- --------------------------------------------------------------------------------------------------------------------------
CROCK, ROMAN ET UX C.T. Production 10/17/79 289.0 19,30/25 Enoch/Olive NOBLE
- --------------------------------------------------------------------------------------------------------------------------
TONNOUS, GLENNA John W. Kuntz 09/12/79 78.0 7/12,13 Enoch/Olive NOBLE
- --------------------------------------------------------------------------------------------------------------------------
SMITH, CHARLES ET UX Liberty Petroleum Corp. 10/12/68 125.0 30,31 Noble NOBLE
- --------------------------------------------------------------------------------------------------------------------------
AKE, MORT ET UX Eastern Gas & Oil 07/23/72 303.0 11,14 Olive NOBLE
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PLUNKETT, John J. 214 155 HULL UNIT #1(1994)
- -----------------------------------------------------------------------------------------------------------------------
POWERS, Eula D 205 83 AFC UNIT #4(1507),AFC UNIT #7(1568), AFC UNIT #9(1570), AFC #10(1571),
AFC UNIT #14(1575) AFC UNIT #15(1577), AFC UNIT #16(1576),
KRAMER UNIT #1(1732)
- -----------------------------------------------------------------------------------------------------------------------
RAIDEL, Robert A. 214 550 RONSHAUSEN UNIT #1(2155)
- -----------------------------------------------------------------------------------------------------------------------
REIFINGER, Charles H 181 931 SMITH UNIT #1(843), SMITH UNIT #2(2289)
- -----------------------------------------------------------------------------------------------------------------------
RHODES, Bruce E 180 904 DORIS DAVIS UNIT #1(888)
- -----------------------------------------------------------------------------------------------------------------------
RHODES, Raymond 180 902 DORIS DAVIS UNIT #1(888)
- -----------------------------------------------------------------------------------------------------------------------
RIDEL, Frank E 181 937 LAM ENTERPRIZES #1(1730)
- -----------------------------------------------------------------------------------------------------------------------
ROBINSON, William A. 629 157 MOORE UNIT #1(2264)
- -----------------------------------------------------------------------------------------------------------------------
ROLLER, David A 149 555 ROLLER, D. #1(739)
- -----------------------------------------------------------------------------------------------------------------------
RONSHAUSEN, Elbert J. 511 20 RONSHAUSEN UNIT #1(2155)
- -----------------------------------------------------------------------------------------------------------------------
SAUERWEIN, Arden L 176 957 SAUERWEIN, A. #1(637), SAUERWEIN, A. #2(738), SAUERWEIN, A. #3(1996)
SAUERWEIN/BUSH UNIT #1(951), SAUERWEIN/BUSH UNIT #2(1929)
SAUERWEIN/BUSH UNIT #3(1930)
- -----------------------------------------------------------------------------------------------------------------------
SAUERWEIN, Arden L 184 657 SAUERWEIN/BUSH UNIT #1(951), SAUERWEIN/BUSH UNIT #2(1929)
SAUERWEIN/BUSH UNIT #3(1930)
- -----------------------------------------------------------------------------------------------------------------------
SCHAADE, Harry W 176 825 GASPER/BARE UNIT #1(904)
- -----------------------------------------------------------------------------------------------------------------------
SHEEN, Charles E 152 371 SHEEN UNIT #1(525)
- -----------------------------------------------------------------------------------------------------------------------
SHEPHERD/AMMON (SWDW) 1265 64 SHEPHERD/AMMON #1(903) SWDW
- -----------------------------------------------------------------------------------------------------------------------
SHURTLEFF, Harold T 177 313 KNAUF, HUGH UNIT #1(854), KNAUF, HUGH UNIT #2(2098)
- -----------------------------------------------------------------------------------------------------------------------
SIGLE, Clyde E 168 977 SIGLE, C. #1(694)
- -----------------------------------------------------------------------------------------------------------------------
SLAGLE, Richard G 178 490 PETRILLA UNIT #1(737), ROLLER/BOWMAN UNIT #1(2132)
- -----------------------------------------------------------------------------------------------------------------------
SMITH, Frank T 166 514 SMITH UNIT #1(843), SMITH UNIT #2(2289)
- -----------------------------------------------------------------------------------------------------------------------
SOWERS, Ivan 149 575 KENTZEL/SOWERS UNIT #1(927), KENTZEL/SOWERS UNIT #2(2296)
- -----------------------------------------------------------------------------------------------------------------------
STEPUK, Emil 149 551 BOWMAN/STEPUK UNIT #1(528)
- -----------------------------------------------------------------------------------------------------------------------
TEETS, Paul L 209 929 TEETS, P. #1(1721), TEETS, P. #2(1722)
- -----------------------------------------------------------------------------------------------------------------------
TRAFICANT, James A. Sr. 212 217 TRAFICANT, J. #1(1740), TRAFICANT, J. #2(1786), TRAFICANT, J. #3(1787)
- -----------------------------------------------------------------------------------------------------------------------
TRAFICANT, James A. Sr. 214 382 TRAFICANT, J. UNIT #2(1786), TRAFICANT, J. UNIT #3(1787)
- -----------------------------------------------------------------------------------------------------------------------
WAGGLE, Dennis R. 214 542 HULL UNIT #1(1994)
- -----------------------------------------------------------------------------------------------------------------------
WATT, William 178 947 KENTZEL/SOWERS UNIT #1(927), KENZEL/SOWERS UNIT #2(2296)
- -----------------------------------------------------------------------------------------------------------------------
WESTON, James R 178 955 KENTZEL/SOWERS UNIT #1(927), KENZEL/SOWERS UNIT #2(2296)
- -----------------------------------------------------------------------------------------------------------------------
WILLIAMSON, Robert R. 213 836 WILLIAMSON UNIT #2(1920)
- -----------------------------------------------------------------------------------------------------------------------
WISLER, Paul D 150 453 WISLER, P. #1(527)
- -----------------------------------------------------------------------------------------------------------------------
WITHERS, Russell E 152 351 WITHERS, R. #1(887), WITHERS, R. #2(2258)
- -----------------------------------------------------------------------------------------------------------------------
KARAS, Peter 173 556 KARAS, P. 1-A(941)
- -----------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 170 55 ALL CR WELLS
- -----------------------------------------------------------------------------------------------------------------------
BARRICK GOLD EXPLORATION 286 56 CR #421(7688)
- -----------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 286 647 CR #505(8094)
- -----------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 170 55 ALL CR WELLS
- -----------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 170 55 ALL CR WELLS
- -----------------------------------------------------------------------------------------------------------------------
CORBETT, HARRY 87 848 CORBETT, H. #3(2738)
- -----------------------------------------------------------------------------------------------------------------------
LARSON, DAVID ET UX 91 72 LARSON, D. #1(2867)
- -----------------------------------------------------------------------------------------------------------------------
BIG C RANCH 79 199 BIG C RANCH #1-J37(1948)
- -----------------------------------------------------------------------------------------------------------------------
BIG C RANCH 79 201 BIG C RANCH #2-J38(1928)
- -----------------------------------------------------------------------------------------------------------------------
CONSOLIDATION COAL CO. 80 893 HPB - UNDEVELOPED
- -----------------------------------------------------------------------------------------------------------------------
CROCK, ROMAN ET UX 84 186 CROCK, R. #2(2213), CROCK, R. #3(2214)
- -----------------------------------------------------------------------------------------------------------------------
TONNOUS, GLENNA 84 76 TONNOUS, G. #1(2197)
- -----------------------------------------------------------------------------------------------------------------------
SMITH, CHARLES ET UX 94 387 SMITH, C. #1(1579), SMITH, C. #2(1578)
- -----------------------------------------------------------------------------------------------------------------------
AKE, MORT ET UX 73 60 AKE, M. #1(1825), AKE, M. #2(1826), AKE, M. #3(1823), AKE/HUTCHINS/FINLEY #1(1824)
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 47
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 12 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
BIG C RANCH C.T. Production 10/06/76 40.0 1 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
BROWN, EDNA P.D. Willhite 10/17/66 207.0 27 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CLARK, HERBERT ET UX The Permian Oil & Gas Co. 11/16/71 64.0 3,15 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, ALBERT ET UX C.T. Production 09/20/74 45.0 24 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, JOSEPH ET UX C.T. Production 11/02/74 129.0 10 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX P.D. Willhite 10/17/66 197.0 22 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX C.T. Production 09/19/74 5.9 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX C.T. Production 05/15/76 13.1 14,23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX J.O. Tilton & Grace Tilton 04/11/58 120.0 26 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
FINLEY, TED ET UX Canyon Petroleum 08/25/75 80.0 14,23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
FINLEY, TED ET UX C.T. Production 05/24/76 4.5 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
GREATHOUSE, STANLEY ET AL Canyon Petroleum 02/24/75 59.0 25 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HARPER, RUTH East Ohio Gas Co. 01/22/74 13.0 36 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HAYES, J.G. ET AL The East Ohio Gas Co. 04/29/76 21.6 10 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HENTHORNE, ROBERT ET UX C.T. Production 05/19/76 0.8 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN ET UX C.T. Production 11/15/76 46.3 15 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO P.D. Willhite 10/25/66 126.0 14 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO Canyon Petroleum 08/05/75 63.0 14 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO P.D. Willhite 10/25/66 89.0 13,14 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
LONGFELLOW, WADE C.T. Production 09/19/74 8.8 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
LORENZ, CHARLES ET AL The Ohio Fuel Gas Co. 01/18/52 272.0 9,10,15,16 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
LORI, EARNEST C.T. Production 06/29/76 19.0 15 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
LOVE, WAYNE Amerada Petroleum Corp. 05/05/69 48.0 35 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
McCAULEY, FRANK ET UX P.D. Willhite 10/17/66 40.0 21,22 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
MILLER, E. ET UX P.D. Willhite 10/14/66 327.7 34,35 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
MORRIS, R. L. ET UX East Ohio Gas Co. 05/02/75 44.0 14 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
MUGRAGE, PETER ET UX J.O. Tilton & Grace Tilton 04/21/55 125.0 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
OGLE, JAMES ET UX C.T. Production 12/16/75 40.0 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
PARRY, EDNA C.T. Production 10/15/75 44.0 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
PICKENPAUGH, WAYNE ET UX P.D. Willhite 10/26/66 59.3 14 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
RADCLIFF, FRANK TPC 11/21/85 68.0 27 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
REED, JEWELL ET AL P.D. Willhite 10/27/66 35.0 4 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
RITTERBECK, MARY Canyon Petroleum 03/10/75 89.0 24 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
SAILING, ALBERT C.T. Production 09/19/74 25.0 26 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
SANFORD, RICHARD ET UX C.T. Production 05/13/76 10.0 23 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
SHAFER, CREED ET UX Amerada Petroleum Corp. 04/30/69 72.7 36 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
TILTON, J.O. J.O. Tilton & Grace Tilton 11/19/58 26.0 26 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
WEBBER, M. ET UX P.D. Willhite 10/19/66 132.0 26,34 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
WEBBER, W. M. ET UX Canyon Petroleum 03/03/75 68.0 25 Olive NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
BEHM, CHARLES ET UX C.T. Productions 08/29/77 259.0 1 Wayne NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
BURNS, ROBERT ET UX Herb Polen 02/01/77 246.0 5,7,8 Wayne NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
RICH, HERBERT ET UX Towner Petroleum 02/23/81 40.0 6 Wayne NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
SAYRE, MARY ET UX Herb Polen 09/03/76 42.0 7 Wayne NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
SAYRE, WILBERT ET UX Herb Polen 09/03/76 58.0 7 Wayne NOBLE
- ---------------------------------------------------------------------------------------------------------------------------
ASHBY, Harold Penn Industrial Energy Jul-77 30.4 LOT 63 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
COOPER, Stanley S Warren Energy Inc. 05/02/78 12.5 LOT 84 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
CROWDER, Ethel B Penn Industrial Energy 09/12/72 64.7 LOT 70 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
DURR, Duane A Atlas Energy Group 07/07/76 27.7 LOT 63 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
JAMES, Charles Penn Industrial Energy 07/06/72 33.6 LOT 84 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
KARAS, Pete Atlas Energy Group 04/24/75 40.0 LOT 77 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
KARAS, Pete Atlas Energy Group 02/24/75 68.6 LOT 72 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
SCOVERN, Raymond L Warren Energy Inc. 01/23/78 39.3 LOT 84 Deerfield PORTAGE
- ---------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BIG C RANCH 79 203 BIG C RANCH #1-J37(1948)
- ------------------------------------------------------------------------------------------------------------------------
BROWN, EDNA 66 335 BROWN, E. #1(1595)
- ------------------------------------------------------------------------------------------------------------------------
CLARK, HERBERT ET UX 72 347 HAYS/HUTCHINS/CLARK #1(1887)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, ALBERT ET UX 75 1100 CROCK, A. #1-24(1759)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, JOSEPH ET UX 76 34 CROCK, J. #1(1757)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX 66 518 CROCK, ARENS #1-22(1533), CROCK, S. #4(1628)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX 75 1085 MUGGRAGE #3-23(1716)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX 78 302 CROCK/SANFORD #1(1862)
- ------------------------------------------------------------------------------------------------------------------------
CROCK, SEBASTION ET UX 66 525 CROCK, S. #3(1789)
- ------------------------------------------------------------------------------------------------------------------------
FINLEY, TED ET UX 77 2 AKE/HUTCHINS/FINLEY #1(1824), FINLEY, T. #1(1781)
- ------------------------------------------------------------------------------------------------------------------------
FINLEY, TED ET UX 78 330 CROCK/SANFORD #1(1862)
- ------------------------------------------------------------------------------------------------------------------------
GREATHOUSE, STANLEY ET AL 76 309 GREATHOUSE, S. #1(1786)
- ------------------------------------------------------------------------------------------------------------------------
HARPER, RUTH 75 861 JENKINS/HARPER #1(1810)
- ------------------------------------------------------------------------------------------------------------------------
HAYES, J.G. ET AL 78 282 HAYES/HUTCHINS/CLARK #1(1887)
- ------------------------------------------------------------------------------------------------------------------------
HENTHORNE, ROBERT ET UX 78 304 CROCK/SANFORD #1(1862)
- ------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN ET UX 79 313 HAYES/HUTCHINS/CLARK #1(1887), HUTCHINS/LORI #1(1886)
- ------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO 66 131 AKE/HUTCHINS/FINLEY #1(1824)
- ------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO 76 923 HUTCHINS, C. #1(1766), HUTCHINS, C. #2(1816)
- ------------------------------------------------------------------------------------------------------------------------
HUTCHINS, ELVIN & CLEO 66 139 HUTCHINS, C. #5(1815)
- ------------------------------------------------------------------------------------------------------------------------
LONGFELLOW, WADE 75 1083 MUGGRAGE #2-23(1715)
- ------------------------------------------------------------------------------------------------------------------------
LORENZ, CHARLES ET AL 56 521 LORENZ, R. #1-15(1625), LORENZ, R. #2(1624)
- ------------------------------------------------------------------------------------------------------------------------
LORI, EARNEST 78 505 HUTCHINS/LORI #1(1886)
- ------------------------------------------------------------------------------------------------------------------------
LOVE, WAYNE 69 820 LOVE, W. #1(1635)
- ------------------------------------------------------------------------------------------------------------------------
McCAULEY, FRANK ET UX 66 522 McCAULEY, F. #1(1627)
- ------------------------------------------------------------------------------------------------------------------------
MILLER, E. ET UX 66 476 MILLER, E. #4(1854)
- ------------------------------------------------------------------------------------------------------------------------
MORRIS, R. L. ET UX 76 622 MORRIS, R. #1(1818)
- ------------------------------------------------------------------------------------------------------------------------
MUGRAGE, PETER ET UX 60 535 MUGGRAGE, P. #2-23(1715), MUGGRAGE, P. #3(1716)
- ------------------------------------------------------------------------------------------------------------------------
OGLE, JAMES ET UX 77 565 OGLE, J. #1(1817)
- ------------------------------------------------------------------------------------------------------------------------
PARRY, EDNA 77 167 PARRY, E. #1(1801)
- ------------------------------------------------------------------------------------------------------------------------
PICKENPAUGH, WAYNE ET UX 66 125 CROCK/SANFORD #1(1862)
- ------------------------------------------------------------------------------------------------------------------------
RADCLIFF, FRANK 103 58 RADCLIFF, F. #1(3531)
- ------------------------------------------------------------------------------------------------------------------------
REED, JEWELL ET AL 66 167 REED, J. #1(1672)
- ------------------------------------------------------------------------------------------------------------------------
RITTERBECK, MARY 76 349 RITTERBECK, M. #1(1750)
- ------------------------------------------------------------------------------------------------------------------------
SAILING, ALBERT 75 1098 CROCK, S. #3(1789)
- ------------------------------------------------------------------------------------------------------------------------
SANFORD, RICHARD ET UX 76 351 CROCK/SANFORD #1(1862)
- ------------------------------------------------------------------------------------------------------------------------
SHAFER, CREED ET UX 71 926 JENKINS/HARPER #1(1810)
- ------------------------------------------------------------------------------------------------------------------------
TILTON, J.O. 61 599 CROCK, S. #3(1789)
- ------------------------------------------------------------------------------------------------------------------------
WEBBER, M. ET UX 66 546 WEBBER/MILLER #1(1856)
- ------------------------------------------------------------------------------------------------------------------------
WEBBER, W. M. ET UX 76 313 WEBBER, M. #1(1788)
- ------------------------------------------------------------------------------------------------------------------------
BEHM, CHARLES ET UX 82 838 BEHM, A. #1(2101), BEHM, A. #2(2886)
- ------------------------------------------------------------------------------------------------------------------------
BURNS, ROBERT ET UX 79 643 BURNS, R. #1(2039)
- ------------------------------------------------------------------------------------------------------------------------
RICH, HERBERT ET UX 85 482 RICH, J. #2(2907)
- ------------------------------------------------------------------------------------------------------------------------
SAYRE, MARY ET UX 79 186 SAYRE, M. #1(1996)
- ------------------------------------------------------------------------------------------------------------------------
SAYRE, WILBERT ET UX 79 188 SAYRE, W. #1(1996)
- ------------------------------------------------------------------------------------------------------------------------
ASHBY, Harold 84 155 DURR UNIT #2(1513)
- ------------------------------------------------------------------------------------------------------------------------
COOPER, Stanley S 81 912 SCOVERN/KONKLE #1(1485)
- ------------------------------------------------------------------------------------------------------------------------
CROWDER, Ethel B 82 103 CROWDER BROS. #1(602)
- ------------------------------------------------------------------------------------------------------------------------
DURR, Duane A 92 139 DURR UNIT #2(1513)
- ------------------------------------------------------------------------------------------------------------------------
JAMES, Charles 82 129 SCOVERN/KONKLE #1(1485)
- ------------------------------------------------------------------------------------------------------------------------
KARAS, Pete 85 103 KARAS, P. #1D(1484)
- ------------------------------------------------------------------------------------------------------------------------
KARAS, Pete 85 111 KARAS, P. #1B(1103)
- ------------------------------------------------------------------------------------------------------------------------
SCOVERN, Raymond L 90 259 SCOVERN/KONKLE #1(1485)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 48
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 13 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
TONSING, Henry Warren Energy Inc. 06/19/77 58.4 LOT 75 Deerfield PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
WALLBROWN, Boyd Jr. Warren Energy Inc. 06/28/77 54.0 LOT 85 Deerfield PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
WALLBROWN, Boyd Jr. Warren Energy Inc. 11/02/77 80.0 LOT 19,76 Deerfield PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
ZINZ, William R Jr. Penn Industrial Energy 07/19/72 40.0 LOT 66 Deerfield PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
BOSSOW, Robert E Pominex, Inc. 08/08/77 100.0 LOT 4 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
BUJALSKI, Victoria Pennzoil United Inc. 03/09/71 149.7 LOT 2 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
DZURILLA, Anna etal Pennzoil United Inc. 09/03/71 152.6 LOT 23 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
FOSTER, Frank Pennzoil United Inc. 03/04/71 17.0 LOT 37 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
HURLEY, Meade Pennzoil United Inc. 09/14/71 28.4 LOT 23 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
PETRENCHAK, John Shafer Exploration 05/26/70 155.0 LOT36,37 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
SCHWENK, Milton C Pennzoil United Inc. 02/25/71 75.0 LOT 5 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
VISOCAN, Frank A Pennzoil United Inc. 03/02/71 98.3 LOT 5 Freedom PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
BOOTH, Hayward Eastern Gas & Oil 06/15/72 136.3 LOT 8 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
BRAWLEY, James H Warren Energy Inc. 03/22/77 40.0 LOT 18 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
BUTERBAUGH, William C Northeastern Operating Co. 11/13/76 64.0 LOT 24 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
CHURCH, Willard J Eastern Gas & Oil 06/13/72 40.0 LOT 25 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
DEARTH, Frederick R Eastern Gas & Oil 06/16/72 40.0 LOT 19 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
FOX, John Eastern Gas & Oil 06/16/72 70.5 LOT 7 ,18 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
FRESHLEY, Fred R Warren Energy Inc. 09/27/77 40.0 LOT 31 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
GIBSON, Nathan E Eastern Gas & Oil 06/15/72 37.7 LOT 2 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
GROCOTT, Stephan Atlas Energy Group 11/14/73 12.9 LOT 2 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
HARKER, Earl J Eastern Gas & Oil 06/16/72 9.5 LOT 7 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
JONES, Julia S Atlas Energy Group 09/17/74 55.3 LOT 17 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
KARAS, Pete Atlas Energy Group 04/24/75 80.0 LOT 6 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
KEHRES, Bill Eastern Gas & Oil 06/13/72 22.8 LOT 4 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
KIRKLAND, Charles P Eastern Gas & Oil 06/19/72 40.0 LOT 22 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
KIRSCHNER, William W Northeastern Operating Co. 11/12/76 40.0 LOT 23 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
LANTZ, Arley Atlas Energy Group 09/17/74 40.0 LOT 7 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
McCOURT, Lloyd Eastern Gas & Oil 06/15/72 6.6 LOT 2 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
McFARLAN, William L Eastern Gas & Oil 06/19/72 66.0 LOT 23 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
RIGGENBACH, Edwin F Eastern Gas & Oil 06/16/72 40.0 LOT3,20 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
SANDERS, Claude Atlas Energy Group 12/01/76 40.0 LOT3,7 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
SIGWORTH, Delwin C Atlas Energy Group 11/27/76 40.0 LOT 4 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
US CONCRETE PIPE CO. Atlas Energy Group 06/16/77 120.0 LOT4,20 Palmyra PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
ANDRELLA, Jerome M Warren Energy Inc. 01/07/77 36.8 LOT 33 Paris PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
HARRIS, Robert et ux Warren Energy Inc. 03/24/77 94.0 LOT 32 Paris PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
LINDBERG, Albert E Eastern Gas & Oil 06/12/72 40.0 LOT 34 Paris PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
NEUBERT, Terry C Warren Energy Inc. 12/14/76 23.1 LOT 33 Paris PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
ROBERTO, Angelo Eastern Gas & Oil 06/21/72 41.0 LOT 28 Paris PORTAGE
- --------------------------------------------------------------------------------------------------------------------------
OHIO WATER SERVICE C.E. Beck 03/01/77 180.0 LOT 29 Hartford TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
CLEGG, Robert W. Atlas Energy Group 08/05/76 97.5 12 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
GERST, Henry et al Rowley&Brown Petroleum 04/12/77 40.0 22 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
HILES, John et ux. Warren Energy Inc. 05/03/78 8.4 13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
JOHNSON, Niles P. et al Atlas Energy Group 11/03/76 197.3 8,13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
KINEL, Thomas Cap-Can Exploration 03/18/77 65.6 21 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
LIDDLE, Melvin Atlas Energy Group 08/29/79 2.2 13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
MITROVKA, John Warren Energy Inc. 06/13/78 1.0 13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
PFEIL, Wayne Warren Energy Inc. 12/27/77 1.5 20 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
PURDY, George United Industrial Energy 12/09/77 67.3 13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
SCHNEIDER, Clement Warren Energy Inc. 03/14/77 47.6 8 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
SHAREC, George Atlas Energy Group 05/03/77 89.1 20,21 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
WOODBY, Margaret Warren Energy Inc. 05/03/78 1.2 13 Newton TRUMBULL
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
TONSING, Henry 89 536 TONSING, H. #2(1204), TONSING, H. #3(1387)
- ------------------------------------------------------------------------------------------------------------------------
WALLBROWN, Boyd Jr. 89 542 WALLBROWN, B. #2(1203)
- ------------------------------------------------------------------------------------------------------------------------
WALLBROWN, Boyd Jr. 92 135 WALLBROWN, B. #3(1388), WALLBROWN, B. #4(1410)
- ------------------------------------------------------------------------------------------------------------------------
ZINZ, William R Jr. 82 149 ZINZ, W. #1(603)
- ------------------------------------------------------------------------------------------------------------------------
BOSSOW, Robert E 89 727 BOSSOW #1(1220)
- ------------------------------------------------------------------------------------------------------------------------
BUJALSKI, Victoria 78 515 BUJALSKI #1(628)
- ------------------------------------------------------------------------------------------------------------------------
DZURILLA, Anna etal 80 7 DZURILLA #1(633)
- ------------------------------------------------------------------------------------------------------------------------
FOSTER, Frank 78 493 PETRENCHAK #1(636), PETRENCHAK, #2(1228)
- ------------------------------------------------------------------------------------------------------------------------
HURLEY, Meade 79 521 DZURILLA #1(633)
- ------------------------------------------------------------------------------------------------------------------------
PETRENCHAK, John 77 128 PETRENCHAK #1(636), PETRENCHAK, #2(1228)
- ------------------------------------------------------------------------------------------------------------------------
SCHWENK, Milton C 78 477 VISOCAN/SCHWENK #1(629)
- ------------------------------------------------------------------------------------------------------------------------
VISOCAN, Frank A 78 481 VISOCAN/SCHWENK #1(629)
- ------------------------------------------------------------------------------------------------------------------------
BOOTH, Hayward 82 227 NICHOLOSON #1(1407)
- ------------------------------------------------------------------------------------------------------------------------
BRAWLEY, James H 88 382 BRAWLEY, J. #1(1059)
- ------------------------------------------------------------------------------------------------------------------------
BUTERBAUGH, William C 92 143 BUTERBAUGH, W. #1(1432)
- ------------------------------------------------------------------------------------------------------------------------
CHURCH, Willard J 91 572 CHURCH, W. #1(1389)
- ------------------------------------------------------------------------------------------------------------------------
DEARTH, Frederick R 90 229 DEARTH, F. #1(1393)
- ------------------------------------------------------------------------------------------------------------------------
FOX, John 90 1170 FOX/HARKER UNIT #1(1404), FOX, J. #2(1408)
- ------------------------------------------------------------------------------------------------------------------------
FRESHLEY, Fred R 92 141 FRESHLEY, F. #1(1233)
- ------------------------------------------------------------------------------------------------------------------------
GIBSON, Nathan E 82 231 GROCOTT UNIT #1(606), GROCOTT UNIT #2(1409)
- ------------------------------------------------------------------------------------------------------------------------
GROCOTT, Stephan 83 168 GROCOTT UNIT #1(606), GROCOTT UNIT #2(1409)
- ------------------------------------------------------------------------------------------------------------------------
HARKER, Earl J 82 209 FOX/HARKER UNIT #1(1404)
- ------------------------------------------------------------------------------------------------------------------------
JONES, Julia S 84 488 JONES, J. #2(1365)
- ------------------------------------------------------------------------------------------------------------------------
KARAS, Pete 85 117 KARAS, P. #2(1394), KARAS, P. #1C(1104)
- ------------------------------------------------------------------------------------------------------------------------
KEHRES, Bill 82 219 GROCOTT UNIT #1(606), GROCOTT UNIT #2(1409)
- ------------------------------------------------------------------------------------------------------------------------
KIRKLAND, Charles P 90 1172 KIRKLAND/STUHLMILL #1(1402)
- ------------------------------------------------------------------------------------------------------------------------
KIRSCHNER, William W 87 674 KIRSCHNER, W. #1(1431)
- ------------------------------------------------------------------------------------------------------------------------
LANTZ, Arley 84 498 LANTZ, A. #1(1364)
- ------------------------------------------------------------------------------------------------------------------------
McCOURT, Lloyd 82 225 GROCOTT UNIT #1(606), GROCOTT UNIT #2(1409)
- ------------------------------------------------------------------------------------------------------------------------
McFARLAN, William L 82 215 McFARLAN #1(1400)
- ------------------------------------------------------------------------------------------------------------------------
RIGGENBACH, Edwin F 95 421 RIGGENBACH #1(609)
- ------------------------------------------------------------------------------------------------------------------------
SANDERS, Claude 87 1062 SANDERS, C. #1(607)
- ------------------------------------------------------------------------------------------------------------------------
SIGWORTH, Delwin C 87 1058 SIGWORTH, D. #1(1060)
- ------------------------------------------------------------------------------------------------------------------------
US CONCRETE PIPE CO. 89 152 U.S. CONCRETE #1(1202)
- ------------------------------------------------------------------------------------------------------------------------
ANDRELLA, Jerome M 90 1176 ADRELLA/NEUBERT #1(1401)
- ------------------------------------------------------------------------------------------------------------------------
HARRIS, Robert et ux 88 378 HARRIS, R. #1(723), HARRIS, R. #2(1462)
- ------------------------------------------------------------------------------------------------------------------------
LINDBERG, Albert E 82 235 LINDBERG, A. #1(737)
- ------------------------------------------------------------------------------------------------------------------------
NEUBERT, Terry C 90 1178 ADRELLA/NEUBERT #1(1401)
- ------------------------------------------------------------------------------------------------------------------------
ROBERTO, Angelo 82 253 ROBERTO, A. #1(1138)
- ------------------------------------------------------------------------------------------------------------------------
OHIO WATER SERVICE 99 879 OHIO WATER SERVICE #3(681)
- ------------------------------------------------------------------------------------------------------------------------
CLEGG, Robert W. 96 745 CLEGG, R. #1(421), CLEGG, R. #2(890)
- ------------------------------------------------------------------------------------------------------------------------
GERST, Henry et al 98 363 GERST, H. #1(710)
- ------------------------------------------------------------------------------------------------------------------------
HILES, John et ux. 104 281 PURDY UNIT #2(986)
- ------------------------------------------------------------------------------------------------------------------------
JOHNSON, Niles P. et al 97 7 JOHNSON/COOK #2(583), JOHNSON/COOK #3(518)
- ------------------------------------------------------------------------------------------------------------------------
KINEL, Thomas 98 163 KINEL, T. #1(709)
- ------------------------------------------------------------------------------------------------------------------------
LIDDLE, Melvin 108 865 PURDY UNIT #2(986)
- ------------------------------------------------------------------------------------------------------------------------
MITROVKA, John 104 293 PURDY UNIT #2(986)
- ------------------------------------------------------------------------------------------------------------------------
PFEIL, Wayne 103 10 SHAREC UNIT #2(888)
- ------------------------------------------------------------------------------------------------------------------------
PURDY, George 102 960 PURDY, G. #1(897), PURDY UNIT #2(986)
- ------------------------------------------------------------------------------------------------------------------------
SCHNEIDER, Clement 98 17 SCHNEIDER, C. #1(963)
- ------------------------------------------------------------------------------------------------------------------------
SHAREC, George 99 171 SHAREC, G. #1(893), SHAREC UNIT #2(888)
- ------------------------------------------------------------------------------------------------------------------------
WOODBY, Margaret 104 307 PURDY UNIT #2(986)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 49
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 14 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
BAHLER, Earl Stocker & Sitler Leasehold 02/13/79 16.0 14 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BAHLER, Mary L. Stocker & Sitler Leasehold 01/16/79 27.9 14 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BICKFORD, Herman O G. R. Stocker 03/03/64 24.2 24 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BURKEY, Earl G. R. Stocker 05/20/64 77.5 14 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
DUMMERMUTH, Bernice Stocker & Sitler Leasehold 01/04/79 93.4 21 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
FRONTIER POWER CO. Stocker & Sitler Leasehold 02/09/79 1.0 14 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
HERMAN, Roy C Stocker & Sitler Leasehold 11/08/73 6.3 24 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
KREBS, Gertrude M. G. R. Stocker 03/20/64 30.0 25 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
LEMASTER, Clinton W. Stocker & Sitler Leasehold 01/16/79 11.7 14 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
LEMBRIGHT, Charles F G. R. Stocker 03/25/64 45.0 25 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
OLER, Earl Stocker & Sitler Leasehold 05/29/74 160.0 LOT7,9,SEC2 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPECHT, Charles Stocker & Sitler Leasehold 04/12/79 31.1 16 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton G. R. Stocker 03/24/64 84.5 16 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPECHT, Lulu M G. R. Stocker 03/26/64 12.0 17 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
STAUFFER, Gorden R G. R. Stocker 07/28/64 103.5 LOT22,23 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
YOUNGEN, Charles E G. R. Stocker 03/05/64 105.2 24 Auburn TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
COOPER, Barbara G. Republic Steel Corporation 06/28/76 100.0 LOT 13 Clay TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
FILLMAN, George P. Republic Steel Corp. 03/30/77 240.0 LOT17 Clay TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ALLISON, Harry G. R. Stocker 06/22/64 134.0 9,12 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ALLISON, Harry Stocker & Sitler Leasehold 04/12/77 0.8 9 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
AUMAN, Dean E. Stocker & Sitler Leasehold 04/16/79 1.0 12,19 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
AUMAN, George F. G. R. Stocker 05/19/84 44.4 12,19 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
AUMAN, Thurlow E. Stocker & Sitler Leasehold 04/16/79 6.9 12,19 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BEITNER, J. William Stocker & Sitler Leasehold 11/01/73 41.0 9 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BEITZEL, Walter et ux G. R. Stocker 03/26/64 39.4 10 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BLEININGER, Lloyd D. Stocker & Sitler Leasehold 02/19/79 1.0 20 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BONNELL, Mike L. Stocker & Sitler Leasehold 01/04/77 1.5 9 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BRANDT, Edgar A. Stocker & Sitler Leasehold 11/10/76 2.4 9 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
CARLSON, John O. Stocker & Sitler Leasehold Corp. 10/21/76 16.5 LOT45,46 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
CROOKED RUN CHURCH Stocker & Sitler Leasehold 04/23/79 2.0 10 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
DIETZ, Emily N Stocker & Sitler Leasehold 01/16/79 66.0 8 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
FEIK, Francis F. Stocker & Sitler Leasehold 11/11/76 5.3 10 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
FEIK, Joseph J. Stocker & Sitler Leasehold 11/10/76 1.0 10 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
FRANKS, Beatrice M. G. R. Stocker 05/27/64 44.0 20 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GASSER, Allen L. Stocker & Sitler Leasehold 06/24/76 0.8 2 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GASSER, Glenn A G. R. Stocker 03/18/64 113.8 2 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GIBBS, Darlie Bell G. R. Stocker 04/22/64 140.2 LOT45,46 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GORDON, Doran P G. R. Stocker 04/08/64 123.0 LOT 16,21 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GORDON, James G G. R. Stocker 04/08/64 100.0 LOT 16,23 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
HARDING, Warren G G. R. Stocker 03/31/64 155.0 9 Dover TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BAHLER, Earl 104 114 BAHLER UNIT #1(3134)
- ------------------------------------------------------------------------------------------------------------------------
BAHLER, Mary L. 67 165 BAHLER UNIT #1(3134)
- ------------------------------------------------------------------------------------------------------------------------
BICKFORD, Herman O 67 180 SPECHT, EMERSON UNIT #1(3133)
- ------------------------------------------------------------------------------------------------------------------------
BURKEY, Earl 67 195 BURKY, E. #1(3132)
- ------------------------------------------------------------------------------------------------------------------------
DUMMERMUTH, Bernice 103 404 DUMMERMUTH, L. #1(3147)
- ------------------------------------------------------------------------------------------------------------------------
FRONTIER POWER CO. 104 52 BAHLER UNIT #1(3134)
- ------------------------------------------------------------------------------------------------------------------------
HERMAN, Roy C 89 756 SPECHT, EMERSON UNIT #1(3133)
- ------------------------------------------------------------------------------------------------------------------------
KREBS, Gertrude M. 67 294 YOUNGEN UNIT #1(2626)
- ------------------------------------------------------------------------------------------------------------------------
LEMASTER, Clinton W. 103 734 BAHLER UNIT #1(3134)
- ------------------------------------------------------------------------------------------------------------------------
LEMBRIGHT, Charles F 67 312 SPECHT, L. UNIT #1(3305)
- ------------------------------------------------------------------------------------------------------------------------
OLER, Earl 91 226 ROBESON UNIT #1(3310), SPECHT, L. UNIT #1(3305), YOUNGEN UNIT #1(2626)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Charles 104 323 SPECHT, D. UNIT #2(3309)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton 67 391 SPECHT, D. UNIT #2(3309)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Lulu M 106 292 SPECHT, EMERSON UNIT #1(3133)
- ------------------------------------------------------------------------------------------------------------------------
STAUFFER, Gorden R 68 693 MASCOTTI LEASE #1(2755)
- ------------------------------------------------------------------------------------------------------------------------
YOUNGEN, Charles E 67 452 SPECHT, EMERSON UNIT #1(3133), YOUNGEN UNIT #1(2626)
- ------------------------------------------------------------------------------------------------------------------------
COOPER, Barbara G. 96 65 GLASS #1(2657)
- ------------------------------------------------------------------------------------------------------------------------
FILLMAN, George P. 98 163 FILLMAN #1(2636), FILLMAN #2(2949)
- ------------------------------------------------------------------------------------------------------------------------
ALLISON, Harry 67 153 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
ALLISON, Harry 98 860 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
AUMAN, Dean E. 104 358 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
AUMAN, George F. 67 159 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
AUMAN, Thurlow E. 104 418 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
BEITNER, J. William 89 750 ALLISON UNIT #1(2705), ALLISON UNIT #2(2705), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816), JOHNSON, NORMA UNIT #1(2611)
JOHNSON, NORMA UNIT#2(2689), JOHNSON, NORMA UNIT#3(4528), ZUMBACH UNIT#1(2612)
ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694), ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
BEITZEL, Walter et ux 67 177 ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
BLEININGER, Lloyd D. 104 69 SHERRARD UNIT #1(3330)
- ------------------------------------------------------------------------------------------------------------------------
BONNELL, Mike L. 97 691 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
BRANDT, Edgar A. 97 247 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
CARLSON, John O. 97 42 SACKETT, BRUCE UNIT #1(2625)
- ------------------------------------------------------------------------------------------------------------------------
CROOKED RUN CHURCH 104 457 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
DIETZ, Emily N 103 813 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
FEIK, Francis F. 97 213 VOGEL UNIT #1(2757)
- ------------------------------------------------------------------------------------------------------------------------
FEIK, Joseph J. 97 201 VOGEL UNIT #1(2757)
- ------------------------------------------------------------------------------------------------------------------------
FRANKS, Beatrice M. 67 228 SHERRARD UNIT #1(3330)
- ------------------------------------------------------------------------------------------------------------------------
GASSER, Allen L. 96 58 JOHNSON, NORMA UNIT #1(2611), JOHNSON, NORMA UNIT #2(2689)
JOHNSON, NORMA UNIT #3(4528)
- ------------------------------------------------------------------------------------------------------------------------
GASSER, Glenn A 67 231 JOHNSON, NORMA UNIT #1(2611), JOHNSON, NORMA UNIT #2(2689)
JOHNSON, NORMA UNIT #3(4528)
- ------------------------------------------------------------------------------------------------------------------------
GIBBS, Darlie Bell 67 234 SACKETT UNIT #1(2624), SACKETT UNIT #2(2693)]
- ------------------------------------------------------------------------------------------------------------------------
GORDON, Doran P 67 243 GORDON, L. UNIT #1(2593), GORDON, L. UNIT #2(2595)
- ------------------------------------------------------------------------------------------------------------------------
GORDON, James G 67 240 GORDON, L. UNIT #1(2593), GORDON, L. UNIT #2(2595)
- ------------------------------------------------------------------------------------------------------------------------
HARDING, Warren G 67 252 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816), ZUMBACH UNIT #1(2612)
ZUMBACH UNIT #2(2695, ZUMBACH UNIT #3(2694), ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 50
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 15 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
HOLLOWAY, Carroll Jerry C. Olds 03/18/76 85.0 LOT1,2 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSON, Norma J. Stocker & Sitler Leasehold 02/21/74 100.0 2,22 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSON, Norma J. Stocker & Sitler Leasehold 02/21/74 200.0 2 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LANG, Robert L. Stocker & Sitler Leasehold 01/29/79 1.2 20 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LAWRENCE, Ralph A G. R. Stocker 06/10/64 107.0 22 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAURER, Eldon Stocker & Sitler Leasehold 11/10/76 4.3 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAUST, Myron K. Stocker & Sitler Leasehold 02/06/79 1.1 12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAY, Lloyd F. G. R. Stocker 04/03/64 129.0 11,12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAY, Lloyd F. Stocker & Sitler Leasehold 11/10/76 1.1 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MEESE, Robert F G. R. Stocker 03/27/64 123.0 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MILLER, Andy Stocker & Sitler Leasehold 11/11/76 2.2 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MORRIS, Garnet Stocker & Sitler Leasehold 04/23/79 3.5 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MURRAY, William C. G. R. Stocker 05/19/64 102.8 19,22 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Herbert L. Stocker & Sitler Leasehold 11/11/76 2.2 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Herbert L. Stocker & Sitler Leasehold 11/11/76 2.0 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Paul Stocker & Sitler Leasehold 04/19/79 1.0 19 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Ralph L. G. R. Stocker 04/09/64 90.7 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
RENNER, Floyd Stocker & Sitler Leasehold 04/05/79 23.9 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
RENNER, Floyd R. G. R. Stocker 04/03/64 64.0 11,12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Clark J G. R. Stocker 04/01/64 57.0 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Clark J. Stocker & Sitler Leasehold 12/23/76 3.1 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SACKETT, Bruce C ., et al Stocker & Sitler Leasehold 11/19/73 38.0 LOT46,47 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SACKETT, Bruce C., et ux Stocker & Sitler Leasehold 11/19/73 71.0 LOT46,47 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SCHRADER, Gary A. Stocker & Sitler Leasehold 02/19/79 1.7 12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SMITLEY, Herman Stocker & Sitler Leasehold 03/11/76 1.3 22 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SNYDER, Charles J. Stocker & Sitler Leasehold 04/23/79 7.3 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SNYDER, Charles J. Stocker & Sitler Leasehold 05/28/76 6.9 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPECHT, Charles Stocker & Sitler Leasehold 04/23/79 0.7 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton G. R. Stocker 03/24/64 141.0 9,10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton G. R. Stocker 03/24/64 32.3 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton Stocker & Sitler Leasehold 03/30/79 29.9 10 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPECHT, Wayne Stocker & Sitler Leasehold 01/28/79 90.4 20 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
HOLLOWAY, Carroll 95 639 HOLLOWAY, C. #1(2697
- ------------------------------------------------------------------------------------------------------------------------
JOHNSON, Norma J. 90 987 MURRAY UNIT #1(2622), MURRAY UNIT #2(2690), MURRAY UNIT #3(2691)
MURRAY UNIT #4(2692), MURRAY UNIT #5(4530)
- ------------------------------------------------------------------------------------------------------------------------
JOHNSON, Norma J. 90 990 JOHNSON, NORMA UNIT #1(2611), JOHNSON, NORMA UNIT #2(2689)
JOHNSON, NORMA UNIT #3(4528), MURRAY UNIT #1(2622), MURRAY UNIT #2(2690)
MURRAY UNIT #3(2691), MURRAY UNIT #4(2692), MURRAY UNIT #5(4530)
- ------------------------------------------------------------------------------------------------------------------------
LANG, Robert L. 104 60 SHERRARD UNIT #1(3330)
- ------------------------------------------------------------------------------------------------------------------------
LAWRENCE, Ralph A 67 309 MURRAY UNIT #1(2622), MURRAY UNIT #2(2690), MURRAY UNIT #3(2691)
MURRAY UNIT #4(2692), MURRAY UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
MAURER, Eldon 97 241 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
MAUST, Myron K. 104 120 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
MAY, Lloyd F. 67 324 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
MAY, Lloyd F. 97 250 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
MEESE, Robert F 67 327 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816), JOHNSON, NORMA UNIT #1(2611)
JOHNSON, NORMA UNIT #2(2689), JOHNSON, NORMA UNIT #3(4528)
ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
MILLER, Andy 97 253 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
MORRIS, Garnet 104 454 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
MURRAY, William C. 67 346 MURRAY UNIT #1(2622), MURRAY UNIT #2(2690), MURRAY UNIT #3(2691)
MURRAY UNIT #4(2692), MURRAY UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Herbert L. 97 204 VOGEL UNIT #1(2757)
- ------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Herbert L. 97 210 VOGEL UNIT #1(2757)
- ------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Paul 104 355 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
PHILLIPS, Ralph L. 67 352 VOGEL UNIT #1(2757)
- ------------------------------------------------------------------------------------------------------------------------
RENNER, Floyd 104 326 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
RENNER, Floyd R. 67 364 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Clark J 67 373 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Clark J. 97 493 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
SACKETT, Bruce C ., et al 90 51 SACKETT UNIT #1(2624), SACKETT UNIT #2(2693)
- ------------------------------------------------------------------------------------------------------------------------
SACKETT, Bruce C., et ux 90 53 SACKETT, BRUCE UNIT #1(2625)
- ------------------------------------------------------------------------------------------------------------------------
SCHRADER, Gary A. 104 78 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
SMITLEY, Herman 95 418 MURRAY UNIT #1(2622), MURRAY UNIT #2(2690), MURRAY UNIT #3(2691)
MURRAY UNIT #4(2692), MURRAY UNIT #5(4530)
- ------------------------------------------------------------------------------------------------------------------------
SNYDER, Charles J. 104 460 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
SNYDER, Charles J. 95 987 ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Charles 104 451 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton 67 394 ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton 67 397 ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Dayton 104 245 RENNER UNIT #1(3362)
- ------------------------------------------------------------------------------------------------------------------------
SPECHT, Wayne 103 737 SPECHT, W. #1(3350)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 51
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 16 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
STILLION, Joe L. Stocker & Sitler Leasehold 06/19/79 0.9 8 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
VANDALL, Robert D. Stocker & Sitler Leasehold 04/12/77 0.5 9 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WALLS, Donald Stocker & Sitler Leasehold 11/10/76 0.8 11 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WARRICK, Alton E. G. R. Stocker 05/14/64 36.0 12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
STILLION, Joe L. 104 794 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
VANDALL, Robert D. 98 497 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
WALLS, Donald 97 244 ALLISON UNIT #1(2705), ALLISON UNIT #2(2813), ALLISON UNIT #3(2814)
ALLISON UNIT #4(2815), ALLISON UNIT #5(2816)
- ------------------------------------------------------------------------------------------------------------------------
WARRICK, Alton E. 67 427 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 52
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 17 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
WATKINS, G. Bernice G. R. Stocker 05/27/64 48.8 20 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WATTS, Mark A. Stocker & Sitler Leasehold 06/12/79 1.1 8 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WELLER, George A. Stocker & Sitler Leasehold 01/11/79 12.0 8 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WENGER, Max W. Floyd E. Kimble 11/02/76 27.9 12 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WENGER, Max W. Floyd E. Kimble 11/02/76 67.7 13 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WHITING, David L. Stocker & Sitler Leasehold 02/06/79 1.9 8 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ZUMBACH, John G. R. Stocker 03/18/64 100.0 8 Dover TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GERBER, Edward S. Stocker & Sitler Leasehold 04/12/78 70.0 17,24 Franklin TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ABBUHL, Arthur A. G. R. Stocker 05/26/64 90.0 3 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ANDEREGG, C. Herbert G. R. Stocker 07/01/64 106.0 1 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ASHLEMAN, James E. G. R. Stocker 08/30/64 89.5 24 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BEAUDRY, Richard A. et ux Stocker & Sitler Leasehold 03/14/74 35.2 24 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BETHEL, Goldie May G. R. Stocker 06/19/64 4.2 1 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BLOMSTRAN, Bruce O. et ux Stocker & Sitler Leasehold 03/14/74 35.0 24 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BOURNE, Joseph B. Stocker & Sitler Leasehold 03/18/75 93.0 17 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BOWERS, Charles F., et ux Leslie Oil and Gas Co. 03/05/78 40.0 13 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CARLISLE, William S., et ux Vescorp Industries, Inc. 06/10/77 40.0 22 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CHANDLER, John O. G. R. Stocker 06/25/64 134.3 3 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CHURCH, Edith G, single H. Doyle Kinsey 12/14/72 280.0 8,13 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CLARKE, Robert R., et ux Zenith Exploration Co. 04/14/77 83.0 1 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CONERLY, Charles T. et ux Stocker & Sitler Leasehold 06/12/72 25.0 4 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CRAIGO, Robert Stocker & Sitler Leasehold 06/30/76 86.0 4 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
D&A ENTERPRISES INC Pioneer Resources 11/16/77 80.0 16 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
DUNLAP, Pearley B. Stocker & Sitler Leasehold 03/18/75 308.3 8,9,13 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
EDWARDS, Mildred G. R. Stocker 06/29/64 12.0 3 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, J. Bert G. R. Stocker 06/09/64 60.0 24 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, J. Bert G. R. Stocker 06/09/64 335.3 17 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, Jesse O., et ux Resource Exploration, Inc. 12/09/74 50.0 9 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, Richard et ux Stocker & Sitler Leasehold 07/02/76 0.8 17 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, Richard, et ux P-J Leasing 12/13/78 40.0 17 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GIBBS, Jesse E. G. R. Stocker 06/19/64 92.0 5 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GILMORE, Donald et ux Stocker & Sitler Leasehold 01/16/73 18.0 4 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GILMORE, Robert L. et ux Stocker & Sitler Leasehold 07/10/73 32.0 4 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GRAY, Glenn E. et ux G. R. Stocker 06/27/84 83.0 4,7 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GROTT, Walter H. et ux Stocker & Sitler Leasehold 11/15/78 9.0 10 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HEYJACK SPORTSMAN CLUB Stocker & Sitler Leasehold 05/19/72 101.7 2 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HINES, John Kenneth G. R. Stocker 04/24/64 83.0 4 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HINES, Oscar E. G. R. Stocker 06/11/64 180.0 2,3 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HISRICH, Thomas H., et ux Zenith Exploration Co. 01/12/77 144.0 2 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HISRICH, Thomas H., et ux Zenith Exploration Co. 01/12/77 100.0 9 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LINDON, JAMES ET UX Resource Exploration, Inc. 11/04/74 80.0 12 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LINDON, James O., et al Resource Exploration, Inc. 11/04/74 80.0 12 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LYON, Floy F., et ux Vescorp Industries, Inc. 05/05/77 160.0 19 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
McPEAK, Alfred, et al Leslie Oil and Gas Co. 05/30/79 63.5 18 Perry TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
WATKINS, G. Bernice 67 430 SHERRARD UNIT #1(3330)
- ------------------------------------------------------------------------------------------------------------------------
WATTS, Mark A. 104 743 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
WELLER, George A. 103 740 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
WENGER, Max W. 97 134 WENGER UNIT #1(3146)
- ------------------------------------------------------------------------------------------------------------------------
WENGER, Max W. 97 136 WENGER UNIT #1(3146)
- ------------------------------------------------------------------------------------------------------------------------
WHITING, David L. 104 75 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
ZUMBACH, John 67 455 ZUMBACH UNIT #1(2612), ZUMBACH UNIT #2(2695), ZUMBACH UNIT #3(2694)
ZUMBACH UNIT #4(2696)
- ------------------------------------------------------------------------------------------------------------------------
GERBER, Edward S. 101 432 GERBER UNIT #1(3073)
- ------------------------------------------------------------------------------------------------------------------------
ABBUHL, Arthur A. 67 503 CHANDLER UNIT #1(2714), CHANDLER UNIT #2(2880), CHANDLER UNIT #3(2882)
CHANDLER UNIT #4(2881)
- ------------------------------------------------------------------------------------------------------------------------
ANDEREGG, C. Herbert 93 385 WATSON UNIT #3(3094), WATSON UNIT #4(3093)
- ------------------------------------------------------------------------------------------------------------------------
ASHLEMAN, James E. 68 453 KIDD UNIT #3(2863), KIDD UNIT #4(2857)
- ------------------------------------------------------------------------------------------------------------------------
BEAUDRY, Richard A. et ux 90 661 PARKER, RAY UNIT #1(2865), PARKER, RAY UNIT #2(2866)
- ------------------------------------------------------------------------------------------------------------------------
BETHEL, Goldie May 67 887 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086), WATSON UNIT #1(3094)
WATSON UNIT #4(3093)
- ------------------------------------------------------------------------------------------------------------------------
BLOMSTRAN, Bruce O. et ux 90 811 PARKER, RAY UNIT #1(2865), PARKER, RAY UNIT #2(2866)
- ------------------------------------------------------------------------------------------------------------------------
BOURNE, Joseph B. 93 268 BOURNE UNIT #1(2659), BOURNE UNIT #2(2864), BOURNE UNIT #3(2859)
- ------------------------------------------------------------------------------------------------------------------------
BOWERS, Charles F., et ux 101 142 BOWERS #1(3342)
- ------------------------------------------------------------------------------------------------------------------------
CARLISLE, William S., et ux 99 440 CARLISLE, W. #1(3074)
- ------------------------------------------------------------------------------------------------------------------------
CHANDLER, John O. 67 908 CHANDLER UNIT #1(2714), CHANDLER UNIT #2(2880), CHANDLER UNIT #3(2882)
CHANDLER UNIT #4(2881)
- ------------------------------------------------------------------------------------------------------------------------
CHURCH, Edith G, single 100 193 CHURCH, E. #2(3063)
- ------------------------------------------------------------------------------------------------------------------------
CLARKE, Robert R., et ux 98 632 CLARKE, R. #1(3067)
- ------------------------------------------------------------------------------------------------------------------------
CONERLY, Charles T. et ux 84 350 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
CRAIGO, Robert 96 229 STOUT UNIT #1(2641), STOUT UNIT #2(2642), STOUT UNIT #3(2644), STOUT UNIT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
D&A ENTERPRISES INC 100 349 D.& A. ENTERPRISES #1(3071), D.&A. ENTERPRISES #2(4526)
- ------------------------------------------------------------------------------------------------------------------------
DUNLAP, Pearley B. 93 265 DUNLAP UNIT #1(3076), DUNLAP UNIT #2(3076), DUNLAP UNIT #3(3075)
- ------------------------------------------------------------------------------------------------------------------------
EDWARDS, Mildred 67 953 CHANDLER UNIT #1(2714), CHANDLER UNIT #2(2880), CHANDLER UNIT #3(2882)
CHANDLER UNIT #4(2881)
- ------------------------------------------------------------------------------------------------------------------------
GARDNER, J. Bert 67 587 KIDD UNIT #3(2863), KIDD UNIT #4(2857)
- ------------------------------------------------------------------------------------------------------------------------
GARDNER, J. Bert 67 590 BOURNE UNIT #1(2659), BOURNE UNIT #2(2864), BOURNE UNIT #3(2859)
- ------------------------------------------------------------------------------------------------------------------------
GARDNER, Jesse O., et ux 92 503 TIDRICK/GARDNER #1(3225)
- ------------------------------------------------------------------------------------------------------------------------
GARDNER, Richard et ux 96 149 BOURNE UNIT #1(2659), BOURNE UNIT #2(2864), BOURNE UNIT #3(2859)
- ------------------------------------------------------------------------------------------------------------------------
GARDNER, Richard, et ux 103 423 GARDNER, R&K #1(3320)
- ------------------------------------------------------------------------------------------------------------------------
GIBBS, Jesse E. 67 980 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
GILMORE, Donald et ux 86 813 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
GILMORE, Robert L. et ux 88 205 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UNIT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
GRAY, Glenn E. et ux 67 989 ROGERS UNIT#1(2651), ROGERS UNIT#2(2650), ROGERS UNIT#3(2649), STOUT UNIT#1(2641)
STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
GROTT, Walter H. et ux 103 217 STOCKER UNIT #1(2868), STOCKER UNIT #2(2879), STOCKER UNIT #3(2867)
STOCKER UNIT #4(2878), STOCKER UNIT #5(2869), STOCKER UNIT #6(2870)
- ------------------------------------------------------------------------------------------------------------------------
HEYJACK SPORTSMAN CLUB 84 795 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087)
- ------------------------------------------------------------------------------------------------------------------------
HINES, John Kenneth 67 608 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UNIT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
HINES, Oscar E. 67 620 BEAN UNIT #1(2898), BEAN UNIT #2(2899), BEAN UNIT #3(2904), CHANDLER UNIT #1(2714)
CHANDLER UNIT #2(2880), CHANDLER UNIT #3(2882), CHANDLER UNIT #4(2881)
- ------------------------------------------------------------------------------------------------------------------------
HISRICH, Thomas H., et ux 100 940 HISRICH, T. #1(2920), HISRICH, T. #3(4542)
- ------------------------------------------------------------------------------------------------------------------------
HISRICH, Thomas H., et ux 100 944 HISRICH, T. #2(2919)
- ------------------------------------------------------------------------------------------------------------------------
LINDON, JAMES ET UX 92 455 HOLMES LIMESTONE #1(3064)
- ------------------------------------------------------------------------------------------------------------------------
LINDON, James O., et al 92 455 HOLMES LIMESTONE #1(3064)
- ------------------------------------------------------------------------------------------------------------------------
LYON, Floy F., et ux 99 446 LYON, F. #1(3321)
- ------------------------------------------------------------------------------------------------------------------------
McPEAK, Alfred, et al 104 939 RIDDLE, S. #1(3247)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 53
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 18 of 20
- --------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
MEEK, Homer R. Et al Stocker & Sitler Leasehold 04/16/74 105.0 24,25 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MEHL, Ruth Stocker & Sitler Leasehold 07/21/71 8.4 6 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MORRIS, Donald et ux Stocker & Sitler Leasehold 06/22/76 0.5 2 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MORRIS, Edgar H. G. R. Stocker 06/19/64 240.0 7 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MORRIS, W. Murl Stocker & Sitler Leasehold 04/09/75 122.0 2 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MORRISON, Kwenneth L. G. R. Stocker 06/22/64 80.3 5 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
PARKER, Ambrose A. G. R. Stocker 08/03/64 41.2 17 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
PARKER, Ray W. Stocker & Sitler Leasehold 08/03/64 160.0 25 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
PARKER, Ray W. G. R. Stocker 08/03/64 149.6 24 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
PITTIS, John W., widower Resource Exploration, Inc. 07/03/74 111.5 10 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
REICHMAN, Vernon D. Vescorp Industries, Inc. 06/20/77 73.0 9 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
RIDDLE, Samuel E., et ux Leslie Oil and Gas Co. 10/26/78 63.5 18 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ROGERS, Floyd A. G. R. Stocker 06/19/64 136.4 7 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SANDERS, Herbert et ux K-Mac Company 02/09/68 200.0 13,14 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
STATEN, Lemoin H. et ux Stocker & Sitler Leasehold 05/09/73 28.3 4 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
STEVENS, Walter R. Et al Stocker & Sitler Leasehold 07/21/73 4.5 4 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
STOCKER, William B. Stocker & Sitler Leasehold 05/27/66 595.4 9,10,11 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
STOUT, Bernard B. et ux G. R. Stocker 06/23/64 39.2 4 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SWATRZENTRUBER, Wm. J Resource Exploration, Inc. 05/06/74 80.0 16 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
TIDRICK, James M., et ux Vescorp Industries, Inc. 06/13/77 39.0 9 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
VICKERS, Beverly Sue et al Stocker & Sitler Leasehold 11/06/67 86.0 2 Perry TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BEAN, Clyde T. et ux Stocker & Sitler Leasehold 11/06/67 40.0 3,23 Perry/Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ANDEREGG, Edward H G. R. Stocker 06/19/64 160.0 21 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BAKER, Wilbur A. et ux Stocker & Sitler Leasehold 10/19/67 80.0 23 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BLACKWELL, George Stocker & Sitler Leasehold 04/27/65 1.7 25 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
BOLES, Donald R. et ux Stocker & Sitler Leasehold 10/19/67 53.7 22 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
CLUM, George F. G. R. Stocker 06/17/64 18.3 25 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
HINES, H. W. G. R. Stocker 06/23/84 3.7 25 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
JOHNSON, Bertha L. G. R. Stocker 06/22/64 79.0 19 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
PARKS, Alma et al Stocker & Sitler Leasehold 04/01/65 81.3 22 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPROUL, C. R. G. R. Stocker 06/19/64 160.0 22 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPROUL, Paul R. G. R. Stocker 06/22/64 160.0 21 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
VICKERS, Charles R. et ux Stocker & Sitler Leasehold 04/29/74 2.8 22 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow Zenith Exploration Co. 04/15/77 80.0 23 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow Zenith Exploration Co. 04/15/77 73.3 23 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow Stocker & Sitler Leasehold 06/07/77 40.0 23 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
WEST, Homer E. Stocker & Sitler Leasehold 04/02/74 76.0 22 Rush TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
DICHLER, Elizabeth G. R. Stocker 09/14/64 36.5 11 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
DICHLER, James M. G. R. Stocker 09/14/64 143.3 LOT 32,33 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
GOSSETT, Milton L. G. R. Stocker 09/07/64 40.0 10 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
KAIL, John F. G. R. Stocker 08/25/64 80.0 10 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
KAIL, Vernon L et ux National Petroleum Corp. 07/06/76 155.0 LOT 18 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MARINO, William National Petroleum Corp. 10/05/76 50.0 LOT 22 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
MILLS, Charles D G. R. Stocker 09/16/64 60.0 10,11 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Mercedes R National Petroleum Corp. 01/25/76 70.0 LOT 27 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Mercedes R National Petroleum Corp. 01/25/76 100.0 LOT 24 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
SPENCER, Edwin L. G. R. Stocker 08/31/64 180.0 10,11 Salem TUSCARAWAS
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
MEEK, Homer R. Et al 90 814 PARKER, RAY UNIT #1(2865), PARKER, RAY UNIT #2(2866)
- ------------------------------------------------------------------------------------------------------------------------
MEHL, Ruth 81 732 ROGERS UNIT #1(2651), ROGERS UNIT #2(2650)
- ------------------------------------------------------------------------------------------------------------------------
MORRIS, Donald et ux 96 55 MORRIS UNIT #1(2653)
- ------------------------------------------------------------------------------------------------------------------------
MORRIS, Edgar H. 68 85 ROGERS UNIT #1(2651), ROGERS UNIT #2(2650), ROGERS UNIT #3(2649)
- ------------------------------------------------------------------------------------------------------------------------
MORRIS, W. Murl 93 416 MORRIS UNIT #1(2653)
- ------------------------------------------------------------------------------------------------------------------------
MORRISON, Kwenneth L. 68 82 CLUM UNIT #1(2640)
- ------------------------------------------------------------------------------------------------------------------------
PARKER, Ambrose A. 68 666 BOURNE UNIT #1(2659), BOURNE UNIT #2(2864), BOURNE UNIT #3(2859)
- ------------------------------------------------------------------------------------------------------------------------
PARKER, Ray W. 68 657 PARKER, RAY UNIT #1(2865), PARKER, RAY UNIT #2(2866)
- ------------------------------------------------------------------------------------------------------------------------
PARKER, Ray W. 68 660 KIDD UNIT #3(2863), KIDD UNIT #4(2857)
- ------------------------------------------------------------------------------------------------------------------------
PITTIS, John W., widower 91 603 PITTIS, J. #1(3343)
- ------------------------------------------------------------------------------------------------------------------------
REICHMAN, Vernon D. 99 449 REICHMAN, V. #1(3224)
- ------------------------------------------------------------------------------------------------------------------------
RIDDLE, Samuel E., et ux 103 101 RIDDLE, S. #1(3247)
- ------------------------------------------------------------------------------------------------------------------------
ROGERS, Floyd A. 68 121 ROGERS UNIT #1(2651), ROGERS UNIT #2(2650), ROGERS UNIT #3(2649)
- ------------------------------------------------------------------------------------------------------------------------
SANDERS, Herbert et ux 90 410 SANDERS, H. #1(3048), SANDERS, H. #2(3051)
- ------------------------------------------------------------------------------------------------------------------------
STATEN, Lemoin H. et ux 87 803 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UNIT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
STEVENS, Walter R. Et al 88 520 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UNIT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
STOCKER, William B. 70 618 STOCKER UNIT #1(2868), STOCKER UNIT #2(2879), STOCKER UNIT #3(2867)
STOCKER UNIT #4(2878), STOCKER UNIT #5(2869), STOCKER UNIT #6(2870)
- ------------------------------------------------------------------------------------------------------------------------
STOUT, Bernard B. et ux 68 148 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
SWATRZENTRUBER, Wm. J 91 615 SWARTZENTRUBER, W. #1(3072), SWARTZENTRUBER, W. #2(4500)
- ------------------------------------------------------------------------------------------------------------------------
TIDRICK, James M., et ux 99 452 TIDRICK/GARDNER #1(3225)
- ------------------------------------------------------------------------------------------------------------------------
VICKERS, Beverly Sue et al 72 625 BEAN UNIT #1(2898), BEAN UNIT #2(2899), BEAN UNIT #3(2904)
- ------------------------------------------------------------------------------------------------------------------------
BEAN, Clyde T. et ux 72 622 BEAN UNIT #1(2898), BEAN UNIT #2(2899), BEAN UNIT #3(2904), CHANDLER UNIT #1(2714)
CHANDLER UNIT #2(2880), CHANDLER UNIT #3(2882), CHANDLER UNIT #4(2881)
- ------------------------------------------------------------------------------------------------------------------------
ANDEREGG, Edward H 67 872 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086), SPROUL UNIT #1(3152)
SPROUL UNIT #2(3153)
- ------------------------------------------------------------------------------------------------------------------------
BAKER, Wilbur A. et ux 72 619 BARTHOLOW #1(2929)
- ------------------------------------------------------------------------------------------------------------------------
BLACKWELL, George 69 410 CLUM UNIT #1(2640)
- ------------------------------------------------------------------------------------------------------------------------
BOLES, Donald R. et ux 72 616 BEAN UNIT #1(2898), BEAN UNIT #2(2899), BEAN UNIT #3(2904)
- ------------------------------------------------------------------------------------------------------------------------
CLUM, George F. 67 917 CLUM UNIT #1(2640)
- ------------------------------------------------------------------------------------------------------------------------
HINES, H. W. 68 1 STOUT UNIT #1(2641), STOUT UNIT #2(2642, STOUT UNIT #3(2644), STOUT UN IT #4(2643)
- ------------------------------------------------------------------------------------------------------------------------
JOHNSON, Bertha L. 68 28 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086)
- ------------------------------------------------------------------------------------------------------------------------
PARKS, Alma et al 69 207 BEAN UNIT #1(2898), BEAN UNIT #2(2899), BEAN UNIT #3(2904), MUNRO UNIT #2(3088)
MUNRO UNIT #3(3087), MUNRO UNIT #4(3086)
- ------------------------------------------------------------------------------------------------------------------------
SPROUL, C. R. 68 142 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086)
- ------------------------------------------------------------------------------------------------------------------------
SPROUL, Paul R. 68 145 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086), SPROUL UNIT #1(3152)
SPROUL UNIT #2(3153)
- ------------------------------------------------------------------------------------------------------------------------
VICKERS, Charles R. et ux 91 81 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086)
- ------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow 100 927 WARD, M. #2(3069)
- ------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow 100 929 WARD, M. #1(3068)
- ------------------------------------------------------------------------------------------------------------------------
WARD, Margaret E., a widow 98 807 BEAN UNIT #2(2899), BEAN UNIT #3(2904)
- ------------------------------------------------------------------------------------------------------------------------
WEST, Homer E. 90 947 MUNRO UNIT #2(3088), MUNRO UNIT #3(3087), MUNRO UNIT #4(3086)
- ------------------------------------------------------------------------------------------------------------------------
DICHLER, Elizabeth 68 489 SPENCER UNIT #1(2540)
- ------------------------------------------------------------------------------------------------------------------------
DICHLER, James M. 68 492 DICHLER UNIT #1(2658)
- ------------------------------------------------------------------------------------------------------------------------
GOSSETT, Milton L. 68 558 KAIL UNIT #3(2539), KAIL UNIT #4(2538)
- ------------------------------------------------------------------------------------------------------------------------
KAIL, John F. 68 600 KAIL UNIT #3(2539), KAIL UNIT #4(2538)
- ------------------------------------------------------------------------------------------------------------------------
KAIL, Vernon L et ux 96 246 KAIL, V. #1(2774), KAIL, V. #2(2775)
- ------------------------------------------------------------------------------------------------------------------------
MARINO, William 97 140 MARINO, W. #1(2808)
- ------------------------------------------------------------------------------------------------------------------------
MILLS, Charles D 68 648 KAIL UNIT #3(2539), KAIL UNIT #4(2538)
- ------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Mercedes R 95 50 ROSENBERRY, M. #1(2764)
- ------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Mercedes R 95 52 ROSENBERRY, M. #3(2776)
- ------------------------------------------------------------------------------------------------------------------------
SPENCER, Edwin L. 67 833 KAIL UNIT #3(2539), KAIL UNIT #4(2538), SPENCER UNIT #1(2540)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 54
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 19 of 20
- ---------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
WIAND, James R. G. R. Stocker 08/27/64 27.9 11 Salem TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WIAND, Paul C. G. R. Stocker 08/27/64 66.5 LOT 33,SEC1 Salem TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WOLFE, Sarah L. G. R. Stocker 08/10/64 32.0 2QTR Salem TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
TREAT, Robert et ux National Petroleum Corp. 08/06/75 218.0 LOT3/LOT37 Salem/WashiTUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BAKER, Cletus M G. R. Stocker 05/15/64 47.7 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
ERB, Menno A Stocker & Sitler Leasehold 12/08/75 13.8 LOT 17 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GOODMOTE, Dale Stocker & Sitler Leasehold 02/18/76 3.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GORDON, Von R G. R. Stocker 04/08/64 100.2 LOT17,22 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HARTZLER, Fred L. Stocker & Sitler Leasehold 12/22/75 3.4 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HERSHBERGER, Henry E Stocker & Sitler Leasehold 02/09/78 63.2 11,12 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HERSHBERGER, Kolan Stocker & Sitler Leasehold 02/16/78 1.0 20 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
HOGUE, Mildred Stocker & Sitler Leasehold 09/29/72 75.0 LOT17 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
JOHNSON, Jasper C. G. R. Stocker 10/08/64 42.5 LOT12,13,18Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
KAUFMAN, Malva G. R. Stocker 04/17/64 89.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
KUHN, C. A. G. R. Stocker 03/19/64 160.4 5 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
KUHN, C. A. G. R. Stocker 03/19/64 46.8 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LINGLER, Dennis T Stocker & Sitler Leasehold 01/27/76 10.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
LINGLER, Paul E Stocker & Sitler Leasehold 12/09/75 10.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAST, Elnora K. Stocker & Sitler Leasehold 08/10/76 1.5 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAST, Howard G. R. Stocker 05/15/64 88.4 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MAURER, Lewis F. G. R. Stocker 04/23/64 206.0 20,21 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MEESE, Anna E. Stocker & Sitler Leasehold 01/20/76 1.0 LOT 22 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MILLER, Ivan D. Stocker & Sitler Leasehold 12/23/77 133.0 LOT10,15 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MILLER, Jacob E. G. R. Stocker 03/17/64 63.5 LOT 22 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
MILLER, Joe Y. G. R. Stocker 04/16/64 80.0 LOT 19 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
OTT, Florence Stocker & Sitler Leasehold 01/30/76 30.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
PRYSI, Joe G. R. Stocker 04/08/64 129.0 LOT 23 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
SPARREN, James Stocker & Sitler Leasehold 12/18/75 2.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
TROYER, Orris C. Stocker & Sitler Leasehold 02/28/78 63.2 11,12 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WALTER, George G. G. R. Stocker 04/16/64 70.4 LOT 17,22 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WIDDER, Cleone L Stocker & Sitler Leasehold 12/23/75 3.7 5 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WIDDER, Delbert G. R. Stocker 03/19/64 144.0 LOT8,12,13 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WIDDER, Doran G. R. Stocker 4//9/64 97.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WIDDER, Jack D. G. R. Stocker 04/22/64 59.0 4 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
WRIGHT, Keith A. Stocker & Sitler Leasehold 12/26/75 2.6 LOT 17 Sugarcreek TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BACKUS KNOB FARMS National Petroleum Corp. 09/19/75 48.0 LOT 18 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BAIRD, Jerry M East Ohio Gas Company 07/17/69 142.1 LOT29,30,38Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
BOND, Edith M National Petroleum Corp. 09/09/76 51.0 LOT27,35 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CAPPEL, Floyd M East Ohio Gas Company 06/11/65 26.7 LOT28,39 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CAPPELL, Richard F. G. R. Stocker 06/23/64 79.7 LOT27,28 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CLARK, Henry J National Petroleum Corp. 09/18/75 265.0 23 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
CONWELL, Thomas et ux P-J Leasing 12/13/78 100.0 LOT2 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
FREDERICK, Fred National Petroleum Corp. 03/29/76 116.0 LOT33 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, Jacob A Stocker & Sitler Oil Co. 07/11/69 17.1 LOT29,30,38Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARDNER, Jacob A. G. R. Stocker 06/26/64 43.8 LOT27,28 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GARRETSON, Lester National Petroleum Corp. 10/09/75 68.0 LOT4 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GINGERICH, Mahlon J Leslie Oil and Gas Co. 09/26/77 110.0 21 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
GLAZER, Harold E National Petroleum Corp. 06/15/76 54.0 LOT27,35 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
JONES, Dail A et ux Leslie Oil and Gas Co. 05/24/78 1.6 LOT30,31 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
KINSEY, Alma et vir National Petroleum Corp. 08/13/75 45.0 LOT31 Washington TUSCARAWAS
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
WIAND, James R. 68 729 SPENCER UNIT #1(2540)
- ---------------------------------------------------------------------------------------------------------------------------------
WIAND, Paul C. 68 732 DICHLER UNIT #1(2658), KAIL UNIT #3(2539), KAIL UNIT #4(2538)
- --------------------------------------------------------------------------------------------------------------------------------
WOLFE, Sarah L. 68 741 WOLFE, S. #1(2541)
- --------------------------------------------------------------------------------------------------------------------------------
TREAT, Robert et ux 94 11 TREAT, R. #1(2804), TREAT, R. #2(2964)
- --------------------------------------------------------------------------------------------------------------------------------
BAKER, Cletus M 67 168 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #2(2578)
- --------------------------------------------------------------------------------------------------------------------------------
ERB, Menno A 94 843 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
GOODMOTE, Dale 95 264 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #3(2578)
- --------------------------------------------------------------------------------------------------------------------------------
GORDON, Von R 67 237 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
HARTZLER, Fred L. 94 890 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
HERSHBERGER, Henry E 100 832 HERSHBERGER, HENRY UNIT #1(3126)
- --------------------------------------------------------------------------------------------------------------------------------
HERSHBERGER, Kolan 100 829 HERSHBERGER, HENRY UNIT #1(3126)
- --------------------------------------------------------------------------------------------------------------------------------
HOGUE, Mildred 87 519 HOGUE UNIT #1(2594), HOGUE UNIT #2(2597), HOGUE UNIT #3(2596)
- --------------------------------------------------------------------------------------------------------------------------------
JOHNSON, Jasper C. 68 591 HOGUE UNIT #1(2594), HOGUE UNIT #2(2597), HOGUE UNIT #3(2596)
- --------------------------------------------------------------------------------------------------------------------------------
KAUFMAN, Malva 67 276 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #2(2578)
- --------------------------------------------------------------------------------------------------------------------------------
KUHN, C. A. 67 303 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
KUHN, C. A. 67 306 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #2(2578)
- --------------------------------------------------------------------------------------------------------------------------------
LINGLER, Dennis T 95 121 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #3(2578)
- --------------------------------------------------------------------------------------------------------------------------------
LINGLER, Paul E 94 846 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #3(2578)
- --------------------------------------------------------------------------------------------------------------------------------
MAST, Elnora K. 96 377 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
MAST, Howard 67 318 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
MAURER, Lewis F. 67 321 MAURER UNIT #1(3129), MAURER UNIT #2(3130), MAURER UNIT #3(3131)
- --------------------------------------------------------------------------------------------------------------------------------
MEESE, Anna E. 95 86 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
MILLER, Ivan D. 100 552 MAURER UNIT #1(3129), MAURER UNIT #2(3130), MAURER UNIT #3(3131)
- --------------------------------------------------------------------------------------------------------------------------------
MILLER, Jacob E. 67 330 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
MILLER, Joe Y. 67 336 MILLER, ROY #1(3128)
- --------------------------------------------------------------------------------------------------------------------------------
OTT, Florence 95 130 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #3(2578)
- --------------------------------------------------------------------------------------------------------------------------------
PRYSI, Joe 67 358 GORDON UNIT #1(2547), PRYSI #1(2521)
- --------------------------------------------------------------------------------------------------------------------------------
SPARREN, James 94 893 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
TROYER, Orris C. 100 793 HERSHBERGER, HENRY UNIT #1(3126)
- --------------------------------------------------------------------------------------------------------------------------------
WALTER, George G. 67 424 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
WIDDER, Cleone L 95 22 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
WIDDER, Delbert 67 436 HOGUE UNIT #1(2594), HOGUE UNIT #2(2597), HOGUE UNIT #3(2596)
- --------------------------------------------------------------------------------------------------------------------------------
WIDDER, Doran 67 442 WIDDER UNIT #1(2523), WIDDER UNIT #2(2569), WIDDER UNIT #3(2568)
- --------------------------------------------------------------------------------------------------------------------------------
WIDDER, Jack D. 67 439 KAUFMAN UNIT #1(2551), KAUFMAN UNIT #2(2579), KAUFMAN UNIT #2(2578)
- --------------------------------------------------------------------------------------------------------------------------------
WRIGHT, Keith A. 94 896 GORDON UNIT #1(2547)
- --------------------------------------------------------------------------------------------------------------------------------
BACKUS KNOB FARMS 94 342 MURPHY #1(2828)
- --------------------------------------------------------------------------------------------------------------------------------
BAIRD, Jerry M 76 174 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- --------------------------------------------------------------------------------------------------------------------------------
BOND, Edith M 96 603 WILSON/GLAZER/BOND #1(2765), WILSON/GLAZER/BOND/LONG #2(2779)
WILSON/GLAZER/BOND/LONG #3(2818)
- --------------------------------------------------------------------------------------------------------------------------------
CAPPEL, Floyd M 69 705 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- --------------------------------------------------------------------------------------------------------------------------------
CAPPELL, Richard F. 67 902 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- --------------------------------------------------------------------------------------------------------------------------------
CLARK, Henry J 94 298 CLARK, H. #2(4522), CLARK, H. #3(4521), CLARK/LONG UNIT #1(3018)
- --------------------------------------------------------------------------------------------------------------------------------
CONWELL, Thomas et ux 103 421 CONWELL #1(3341)
- --------------------------------------------------------------------------------------------------------------------------------
FREDERICK, Fred 95 904 FREDERICK, F. #1(2821), FREDRICK, F. #2(2820)
- --------------------------------------------------------------------------------------------------------------------------------
GARDNER, Jacob A 76 159 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- --------------------------------------------------------------------------------------------------------------------------------
GARDNER, Jacob A. 67 968 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- --------------------------------------------------------------------------------------------------------------------------------
GARRETSON, Lester 94 402 GARRETSON #1(2826), QUILLEN UNIT #1(2917), QUILLEN UNIT #2(4502)
- --------------------------------------------------------------------------------------------------------------------------------
GINGERICH, Mahlon J 99 641 GINGERICH/MILLER UNIT #1(2995), GINGERICH #1(3019)
- --------------------------------------------------------------------------------------------------------------------------------
GLAZER, Harold E 95 15 WILSON/GLAZER/BOND #1(2765), WILSON/GLAZER/BOND/LONG #2(2779)
WILSON/GLAZER/BOND/LONG #3(2818)
- --------------------------------------------------------------------------------------------------------------------------------
JONES, Dail A et ux 101 724 QUILLEN UNIT #1(2917), QUILLEN UNIT #2(4502)
- --------------------------------------------------------------------------------------------------------------------------------
KINSEY, Alma et vir 94 113 QUILLEN UNIT #1(2917), QUILLEN UNIT #2(4502)
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 55
<TABLE>
<CAPTION>
EXHIBIT "B"
Leasehold Properties
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated ________, 1998. Page 20 of 20
- ----------------------------------------------------------------------------------------------------------------------------
LEASE KELT LOCATION
LESSOR LESSEE DATE ACRE+/- SECTION TWP COUNTY
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LONG, John I. Leslie Oil and Gas Co. 02/17/78 75.0 23 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
LONG, Marion et ux G. R. Stocker 07/22/64 50.0 LOT 26 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
MARSHALL, Dorothea S Leslie Oil and Gas Co. 05/05/77 50.0 LOT13 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
McPHERSON, Raymond W, singleNational Petroleum Corp. 10/25/75 115.0 LOT5 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
MILLER, John E Leslie Oil and Gas Co. 09/26/77 125.0 21 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
MILLER, John E National Petroleum Corp. 09/20/75 50.0 21 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
MITCHELL, Andy Stocker & Sitler Oil Co. 10/26/73 0.8 LOT37 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
MURPHY,Glen etal Leslie Oil and Gas Co. 03/15/77 48.0 LOT 18 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
PIFER, Sara L K-Mac Company 02/27/68 160.0 22 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
QUILLEN, Anna H K-Mac Company 03/01/68 113.5 23 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
QUILLEN, Earl, single National Petroleum Corp. 02/26/76 25.0 LOT29 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
QUILLEN, William East Ohio Gas Company 06/12/65 21.5 LOT37 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
REIDENBACH, Hertzel, single National Petroleum Corp. 02/24/76 25.0 LOT29 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Thomas Leslie Oil and Gas Co. 10/03/77 72.0 LOT20 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer Leslie Oil and Gas Co. 05/08/78 80.0 18 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer Leslie Oil and Gas Co. 05/08/78 60.0 18 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer Leslie Oil and Gas Co. 05/08/78 60.0 18 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
SNYDER, Benjamin F National Petroleum Corp. 08/08/75 50.0 LOT13 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
TABLER, Jack N Stocker & Sitler Oil Co. 12/07/73 49.9 LOT37 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
TEDROW, Clarence Stocker & Sitler Oil Co. 07/31/69 49.4 LOT39 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
WILSON, Shirley National Petroleum Corp. 06/15/76 117.0 LOT27,35 Washington TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
WENGER, Max W. Stocker & Sitler Leasehold 03/24/78 85.7 LOT 24 York TUSCARAWAS
- ----------------------------------------------------------------------------------------------------------------------------
BROOKS, Loring E. C.E. Beck 12/01/83 55.0 LOT 22 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
CRANE, Madge C.E. Beck 01/31/85 1.2 LOT 20 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
CURRY, Bonnum G. C.E. Beck 10/22/83 319.0 LOT14,15,21 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
FLESHER, William C. C.E. Beck 12/08/83 171.0 LOT 27 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
FLOWERS, James D. C.E. Beck 06/06/84 95.0 LOT 25 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
FORD, Charles D. C.E. Beck 11/30/83 93.0 LOT 20 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
FORD, E. Newman C.E. Beck 01/31/85 1.0 LOT 20 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
GEARHART, Ralph E. C.E. Beck 12/19/83 410.0 LOT 21 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
GORRELL, David C. C.E. Beck 10/25/83 125.0 LOT 31 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
MILNER, R. Neal C.E. Beck 10/24/83 129.0 LOT 19 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
MINTON, Thomas J. C.E. Beck 2/285 0.9 LOT 20 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
SAMPSON, James L. C.E. Beck 12/01/83 71.0 LOT 29 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
SCHAAD, Ralph C.E. Beck 10/28/83 108.0 LOT 27 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
SPUNG, Elmer C. C.E. Beck 01/31/85 1.2 LOT 20 Watertown WASHINGTON
- ----------------------------------------------------------------------------------------------------------------------------
DISPOSAL LEASES:
- ----------------------------------------------------------------------------------------------------------------------------
DUNLAP, ESTHER ET AL Towner Petroleum Company 04/27/84 12 Madison GUERNSEY
- ----------------------------------------------------------------------------------------------------------------------------
Sherpherd, Fred et al Kelt Oil & Gas Inc. 03/26/91 16 Green MAHONING 1
- ----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
LESSOR BOO PAG ASSOCIATED WELLS
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
LONG, John I. 100 788 LONG #1(2823)
- ----------------------------------------------------------------------------------------------------------------------
LONG, Marion et ux 68 618 WILSON/GLAZER/BOND #1(2765), WILSON/GLAZER/BOND/LONG #2(2779)
WILSON/GLAZER/BOND/LONG #3(2818)
- ----------------------------------------------------------------------------------------------------------------------
MARSHALL, Dorothea S 98 591 GARRETSON #1(2826)
- ----------------------------------------------------------------------------------------------------------------------
McPHERSON, Raymond W, single 94 493 McPHERSON #1(2829)
- ----------------------------------------------------------------------------------------------------------------------
MILLER, John E 94 302 MILLER, J. #1(2822)
- ----------------------------------------------------------------------------------------------------------------------
MILLER, John E 99 645 GINGERICH/MILLER UNIT #1(2995)
- ----------------------------------------------------------------------------------------------------------------------
MITCHELL, Andy 89 492 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- ----------------------------------------------------------------------------------------------------------------------
MURPHY,Glen etal 98 438 MURPHY #1(2828)
- ----------------------------------------------------------------------------------------------------------------------
PIFER, Sara L 73 894 EMPIRE COAL-SHUGART #1(3042), EMPIRE COAL #3(4553)
- ----------------------------------------------------------------------------------------------------------------------
QUILLEN, Anna H 73 896 CLARK/LONG UNIT #1(3018)
- ----------------------------------------------------------------------------------------------------------------------
QUILLEN, Earl, single 95 344 QUILLEN UNIT #1(2917), QUILLEN UNIT #2(4502)
- ----------------------------------------------------------------------------------------------------------------------
QUILLEN, William 69 751 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- ----------------------------------------------------------------------------------------------------------------------
REIDENBACH, Hertzel, single 95 342 QUILLEN UNIT #1(2917), QUILLEN UNIT #2(4502)
- ----------------------------------------------------------------------------------------------------------------------
ROSENBERRY, Thomas 100 255 ROSENBERRY, T. #1(3136)
- ----------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer 101 586 SIMMERMAN #1(3156)
- ----------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer 101 588 SIMMERMAN #2(3303)
- ----------------------------------------------------------------------------------------------------------------------
SIMMERMAN, Elmer 101 590 SIMMERMAN #1(3156)
- ----------------------------------------------------------------------------------------------------------------------
SNYDER, Benjamin F 94 13 GARRETSON #1(2826)
- ----------------------------------------------------------------------------------------------------------------------
TABLER, Jack N 89 767 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- ----------------------------------------------------------------------------------------------------------------------
TEDROW, Clarence 76 240 TEDROW UNIT#1(2544),TEDROW UNIT#2(2635),TEDROW UNIT#3(2628),TEDROW UNIT#4(2627)
- ----------------------------------------------------------------------------------------------------------------------
WILSON, Shirley 96 36 WILSON/GLAZER/BOND #1(2765), WILSON/GLAZER/BOND/LONG #2(2779)
WILSON/GLAZER/BOND/LONG #3(2818)
- ----------------------------------------------------------------------------------------------------------------------
WENGER, Max W. 101 235 WENGER, MAX #1(3160)
- ----------------------------------------------------------------------------------------------------------------------
BROOKS, Loring E. 253 1 BROOKS, L. #1(8070)
- ----------------------------------------------------------------------------------------------------------------------
CRANE, Madge 260 558 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
CURRY, Bonnum G. 252 471 CURRY, B. #1(8061)
- ----------------------------------------------------------------------------------------------------------------------
FLESHER, William C. 252 575 FLESHER, W. #1(8071), FLESHER, W. #2(8472)
- ----------------------------------------------------------------------------------------------------------------------
FLOWERS, James D. 255 332 FLOWERS, J. #1(8464)
- ----------------------------------------------------------------------------------------------------------------------
FORD, Charles D. 252 564 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
FORD, E. Newman 260 560 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
GEARHART, Ralph E. 252 996 GEARHART #1(7802), GEARHART, #2(7803), GEARHART, #3(8063), GEARHART #4(8062)
- ----------------------------------------------------------------------------------------------------------------------
GORRELL, David C. 252 467 GORRELL #1(7804), GORRELL #2(8060)
- ----------------------------------------------------------------------------------------------------------------------
MILNER, R. Neal 252 473 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
MINTON, Thomas J. 260 562 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
SAMPSON, James L. 252 571 SAMPSON, J. #1(8069)
- ----------------------------------------------------------------------------------------------------------------------
SCHAAD, Ralph 252 461 SCHAAD, R. #1(8068)
- ----------------------------------------------------------------------------------------------------------------------
SPUNG, Elmer C. 260 566 FORD UNIT #1(8072)
- ----------------------------------------------------------------------------------------------------------------------
DISPOSAL LEASES:
- ----------------------------------------------------------------------------------------------------------------------
DUNLAP, ESTHER ET AL 98 668 DUNLAP, P. #1(2292) SWDW
- ----------------------------------------------------------------------------------------------------------------------
Sherpherd, Fred et al 1264 64 SHEPHERD/AMMON #1(903)SWDW
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 56
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 1 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Frame, Raymond Towner Petroleum 3/20/86 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ankrom, David & Gail Gaspro, Inc. 6/28/82 SECS 18,19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ankrom, David & Gail Gaspro, Inc. 4/28/81 SECS 18,19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Slasor, Vernie & Irene Gaspro, Inc. 11/1/78 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Baird, Robert & Margaret Gaspro, Inc. 9/14/81 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bamfield, Duane & Margaret Gaspro, Inc. 9/9/76 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beynon, Carl & Shirley Gaspro, Inc. 9/18/76 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beymer, Robert Gaspro, Inc. 7/21/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beymer, Robert Gaspro, Inc. 9/18/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beymer, Eleanor Gaspro, Inc. 9/18/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brill, Stephen Gaspro, Inc. 9/21/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brill, Carl & Marian Gaspro, Inc. 9/7/78 SEC 4
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brothers, Dwight & Martha Gaspro, Inc. 10/5/76 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Craft, Ronald & Tempa Gaspro, Inc. 8/20/81 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Calaway, Delmar & Carol Gaspro, Inc. 10/6/76 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cass, Paul & Mary Gaspro, Inc. 8/26/81 SEC 22
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Chapman, James & June Gaspro, Inc. 9/10/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cramblett, David Gaspro, Inc. 7/30/81 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Collart, Hixon & Janice Gaspro, Inc. 5/11/81 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Frame, Raymond Jr. & Thelma Gaspro, Inc. 4/23/81 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Freshley, Ronald & Shirley Gaspro, Inc. 9/29/76 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fitzgerald, Charles & Beverly Gaspro, Inc. 9/18/76 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Frame, Raymond & Thelma Gaspro, Inc. 9/29/81 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Grable, Wallace & Frances Gaspro, Inc. 1/30/81 SEC 4
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, James & Mary Gaspro, Inc. 10/25/76 SECS 4,3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, James & Mary Gaspro, Inc. 10/25/76 SECS 4,3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, Rodney & Janet Gaspro, Inc. 10/2/76 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, Rodney & Janet Gaspro, Inc. 10/2/76 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Rollin & Lorraine Gaspro, Inc. 6/13/81 SECS 6,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Larry & Janet Gaspro, Inc. 6/24/81 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Landman, John & Bonnie Gaspro, Inc. 7/23/81 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Latchic, Joseph & Cecelia Gaspro, Inc. 9/27/76 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Wallace et al Gaspro, Inc. 9/27/76 SECS 6,7
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Center Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 349 831
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 286
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 332 396
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 346 552
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 204
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 212
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 319 80
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 238
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 236
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 231
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 331 394
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 254
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 967
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 197
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 346 143
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 206
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 664
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 508
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 280
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 199
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 233
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 346 694
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 346 495
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 196
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 196
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 258
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 258
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 645 49
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 169
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 596
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 246
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 250
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 57
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 2 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Lowry, Fred & Betty Gaspro, Inc. 4/23/81 SEC 22
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McCormick, Howard & Martha Gaspro, Inc. 10/26/76 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Marks, Gail & Mae Gaspro, Inc. 7/27/81 SECS 7,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Marks, Gail & Mae Gaspro, Inc. 9/4/76 SECS 7,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mace, Russell & Lucille Gaspro, Inc. 8/1/81 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mace, Russell Gaspro, Inc. 10/16/76 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Nehters, Allen & Martha Gaspro, Inc. 10/5/76 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Parry, Jack Jr. & Bonnie Gaspro, Inc. 9/27/76 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Prueter, Micheal & Patti Gaspro, Inc. 8/28/81 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ross, Dwayne & Joan Gaspro, Inc. 7/21/81 SECS 8,9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sabados, George Gaspro, Inc. 4/28/81 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Stevens, Clyde & Mary Gaspro, Inc. 7/18/81 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Steen, James et al Gaspro, Inc. 6/10/81 SECS 2,22
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Steele, Alonzo & Helen Gaspro, Inc. 7/27/81 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shriver, Harold & Wilma Gaspro, Inc. 10/5/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shriver, Harold & Wilma Gaspro, Inc. 9/27/76 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Share, Oscar & Betty Gaspro, Inc. 9/18/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Tomak, George & Pauline Gaspro, Inc. 1/8/75 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Tomak, George & Pauline Gaspro, Inc. 1/8/75 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Vargo, John & Loretta Gaspro, Inc. 5/4/81 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Herman, S. Edward & Aldena Gaspro, Inc. 10/3/78 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beymer, Eleanor Gaspro, Inc. 6/19/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Beymer, Eleanor Gaspro, Inc. 1/11/77 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Chapman, James & June Gaspro, Inc. 6/17/76 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, Rodney & Janet Gaspro, Inc. 7/27/76 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Wallace et al Gaspro, Inc. 3/29/76 SECS 6,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Marks, Gail & Mae Gaspro, Inc. 3/25/76 SEC 7,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mace, Russell & Lucille Gaspro, Inc. 7/17/76 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Parry, Jack Jr. & Bonnie Gaspro, Inc. 3/29/76 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shriver, Harold & Wilma Gaspro, Inc. 3/29/67 SECS 8,9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shriver, Harold & Wilma Gaspro, Inc. 1/10/77 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Tank Battery Agreement Shriver, Harold & Wilma Gaspro, Inc. 2/17/77 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Reed, Barbara & Richard Gaspro, Inc. 5/4/76 SECS 6,10
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Center Guernsey 344 282
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 193
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 668
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 210
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 720
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 201
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 256
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 219
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 346 149
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 600
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 290
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 469
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 981
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 345 666
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 214
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 217
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 240
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 311 224
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 311 226
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 344 522
- --------------------------------------------------------------------------------------------
Pipeline/Meter Center Guernsey 331 705
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 235
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 322 69
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 208
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 260
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 245
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 209
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 203
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 225
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 321 216
- --------------------------------------------------------------------------------------------
Pipeline Center Guernsey 322 67
- --------------------------------------------------------------------------------------------
Tank Battery Agreement Center Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Center/Cambridge Guernsey 321 229
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 58
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 3 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Miller, Vernon & Marjorie Gaspro, Inc. 5/6/81 SECS 2,9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Koval, Mike & Mary Gaspro, Inc. 9/30/76 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Koval, Mike & Mary Canyon Petroleum 4/26/76 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline ODNR Gaspro, Inc. 8/9/84 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Moore, Eugene & Betty Gaspro, Inc. 6/7/84 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Meyer, Robert & Elaine Gaspro, Inc. 11/27/82 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hollingsworth, Mary Gaspro, Inc. 1/19/83 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Linn, William et al Gaspro, Inc. 12/12/80 LOTS 16,17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Gunn, Ralph Gaspro, Inc. 10/10/76 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Compressor Baldwin, William & Joy Gaspro, Inc. 11/15/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Compressor Boniphant, Bert Gaspro, Inc. 11/3/82 SEC 16,17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ripley, Tom & Martha Zilkha Energy Co. 1/19/88 SEC 26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Anderson, Thomas & Margaret Gaspro, Inc. 1/19/82 SECS 9,15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Blackwood, David & Rose Gaspro, Inc. 6/9/81 SECS 22,16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Boniphant, Bert Gaspro, Inc. 9/1/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Baldwin, William & Joy Gaspro, Inc. 11/15/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Baldwin, William & Joy Gaspro, Inc. 6/16/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Baughman, Paul & Wanda Gaspro, Inc. 7/7/81 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Betts, Donald & Marianna Gaspro, Inc. 5/26/81 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Blackwood, David & Rose Gaspro, Inc. 6/9/81 SEC 22,16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Blackwood, David & Rose Gaspro, Inc. 1/12/83 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Boniphant, Bert Gaspro, Inc. 5/13/81 SEC 16,17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bond, Robert & Donna Gaspro, Inc. 5/18/81 SEC 12,13,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bond, Robert & Donna Gaspro, Inc. 1/15/83 SEC 13,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bond, Clyde & Lucille Gaspro, Inc. 5/28/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brubaker, Richard et al Gaspro, Inc. 6/17/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brubaker, Richard et al Gaspro, Inc. 11/22/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Carpretta, Henry & Lela Gaspro, Inc. 9/27/83 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cox, Gary & Cecily Gaspro, Inc. 1/26/82 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cramblett, Clarence & Alice Gaspro, Inc. 5/21/82 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cramblett, Clarence & Alice Gaspro, Inc. 5/5/81 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crislip, Jon & Betty Gaspro, Inc. 5/30/81 SEC 13,17,18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cunningham, Thomas et ux Gaspro, Inc. 5/8/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Center/Richland Guernsey 344 518
- --------------------------------------------------------------------------------------------
Pipeline Jackson Guernsey 320 370
- --------------------------------------------------------------------------------------------
Pipeline Jackson Guernsey 317 50
- --------------------------------------------------------------------------------------------
Pipeline Jefferson Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Jefferson Guernsey 358 939
- --------------------------------------------------------------------------------------------
Pipeline Jefferson Guernsey 352 88
- --------------------------------------------------------------------------------------------
Pipeline Jefferson Guernsey 352 626
- --------------------------------------------------------------------------------------------
Pipeline/Meter Jefferson Guernsey 342 800
- --------------------------------------------------------------------------------------------
Pipeline/Meter Jefferson Guernsey 331 852
- --------------------------------------------------------------------------------------------
Compressor Londonderry Guernsey 352 90
- --------------------------------------------------------------------------------------------
Compressor Londonderry Guernsey 351 769
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 375 449
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 913
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 935
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 219
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 92
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 43
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 401
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 656
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 935
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 557
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 543
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 783
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 624
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 785
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 41
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 94
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 355 1039
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 1022
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 230
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 524
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 787
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 512
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 59
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 4 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Davidson, Stanley & Anna Gaspro, Inc. 1/21/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Davidson, Stanley & Anna Gaspro, Inc. 12/1/81 SEC 21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Davidson, Stanley & Anna Gaspro, Inc. 9/10/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Davidson, Stanley & Anna Gaspro, Inc. 1/11/82 SECS 14,21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Duffy, Harold & Betty Gaspro, Inc. 9/19/83 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Duvall, Kenneth Gaspro, Inc. 9/21/83 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Drinkworth, Robert Gaspro, Inc. 9/17/81 SEC 6
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dunbar, Richard Gaspro, Inc. 10/26/81 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Duvall, Kenneth Gaspro, Inc. 10/28/81 SECS 2,8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Finnell, Peggie Gaspro, Inc. 5/12/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fuller, Ronald & Shirley Gaspro, Inc. 10/22/82 SECS 13,18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gardiner, Carl & Viola Gaspro, Inc. 5/19/81 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Robert & Ramona Gaspro, Inc. 2/2/82 SECS 23,24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Robert & Ramona Gaspro, Inc. 9/23/81 SECS 23,24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Zelma Gaspro, Inc. 5/12/81 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hall, Leonard & Carrie Gaspro, Inc. 11/12/81 SECS 2,8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hayes, Dean Gaspro, Inc. 1/26/82 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Henry, Charles & Margaret Gaspro, Inc. 1/18/82 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hicks, Paul & Eleanor Gaspro, Inc. 9/28/83 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hunt, James & Loretta Gaspro, Inc. 1/19/82 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Howell, Clark & Mary Jane Gaspro, Inc. 1/20/82 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Jackson, Gordon & Mary Gaspro, Inc. 3/17/78 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnson, Willis & Verna Gaspro, Inc. 5/26/81 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Keefer, Carl & Mary Gaspro, Inc. 5/26/81 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, Vernon & Loma Gaspro, Inc. 11/24/81 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline King, Vernon & Loma Gaspro, Inc. 10/2/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kirk, Roy & Wilma Gaspro, Inc. 11/17/81 SECS 1,2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Krunich, Floyd & Evy Gaspro, Inc. 12/2/81 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kunkle, George Gaspro, Inc. 6/8/81 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lapp, Mervin & Amanda Gaspro, Inc. 9/24/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lake, Albert & Nellie Gaspro, Inc. 8/16/84 SEC 30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lapp, Mervin & Amanda Gaspro, Inc. 8/19/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Latham, Asher & Mary Towner Petroleum 8/17/84 SECS 13,14
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Londonderry Guernsey 347 909
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 560
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 350 898
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 794
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 355 1041
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 355 1043
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 554
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 42
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 40
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 541
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 578
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 662
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 348 21
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 698
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 506
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 179
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 1024
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 878
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 355 1037
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 955
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 911
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 328 628
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 660
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 658
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 428
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 309
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 222
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 558
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 931
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 702
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 965
- --------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 60
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 5 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Latham, Asher & Mary Gaspro, Inc. 2/1/82 SECS 13,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Flowers, James et al Gaspro, Inc. 9/8/82 SECS 20,21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lodge, Charles & Mary Gaspro, Inc. 1/5/82 SECS 20,21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lucas, Gary & Kathleen Gaspro, Inc. 5/13/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McClelland, David Gaspro, Inc. 1/29/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Malone, Emerson Gaspro, Inc. 9/7/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Maupin, Wade & JoAnn Gaspro, Inc. 6/9/81 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McClelland, David Gaspro, Inc. 1/29/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McElwain, Josephine Gaspro, Inc. 6/1/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McElwain, Josephine Gaspro, Inc. 9/23/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Morrison, Paul & Vesta Gaspro, Inc. 11/20/81 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Newhart, Earl & Arlene Gaspro, Inc. 5/15/81 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Charles & Laura Gaspro, Inc. 8/20/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Charles & Laura Gaspro, Inc. 5/14/81 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Charles & Laura Gaspro, Inc. 5/21/82 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Charles & Laura Gaspro, Inc. 5/14/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Raymond & Mary Gaspro, Inc. 8/25/81 SECS 34,35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pulley, Raymond & Mary Gaspro, Inc. 5/14/81 SECS 22,23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Repik, William & Doris Gaspro, Inc. 11/23/81 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ripley, Tom & Martha Gaspro, Inc. 12/8/81 SEC 26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Selle, William & Nancy Gaspro, Inc. 6/9/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shellenberger, Emmett Gaspro, Inc. 5/22/82 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shellenberger, Emmett Gaspro, Inc. 6/22/81 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shellenberger, Emmett Gaspro, Inc. 6/18/81 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sharp, Clyde & Stella Gaspro, Inc. 4/17/82 SECS 19,20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Fred & Evelyn Gaspro, Inc. 10/18/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Fred & Evelyn Gaspro, Inc. 3/8/82 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Harry & Ethel Gaspro, Inc. 6/15/81 SECS 5,11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Jerome & Alice Gaspro, Inc. 5/5/81 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Donald & Wanda Gaspro, Inc. 10/1/81 SEC 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Roger & Linda Gaspro, Inc. 9/10/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Stephens, Chester & Grace Gaspro, Inc. 6/9/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Swickard, Harry & Betty Gaspro, Inc. 1/10/83 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Londonderry Guernsey 348 25
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 350 900
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 763
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 539
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 348 52
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 350 904
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 979
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 348 52
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 780
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 700
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 318
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 664
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 961
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 666
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 224
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 670
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 53
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 668
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 316
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 554
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 933
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 228
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 132
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 47
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 348 863
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 511
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 348 399
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 45
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 526
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 696
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 350 902
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 344 937
- -----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 559
- -----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 61
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 6 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Sudduth, James & Linda Gaspro, Inc. 12/8/81 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sunthimer, Robert & Dorothy Gaspro, Inc. 3/10/83 SEC 30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Swickard, Harry & Betty Gaspro, Inc. 9/20/82 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Taylor, Carl & Linda Gaspro, Inc. 12/14/81 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Thomas, Dean & Ruth Gaspro, Inc. 7/16/81 SEC 28
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Thomas, James Gaspro, Inc. 9/21/81 SEC 28
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Warner, Thomas et al Gaspro, Inc. 7/15/81 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Compressor Latham, Asher & Mary Gaspro, Inc. 10/6/82 SECS 13,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crislip, Jon & Betty Gaspro, Inc. 9/24/82 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crislip, Jon & Betty Gaspro, Inc. 5/27/82 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Tank Battery Davidson, Stanley & Anna Gaspro, Inc. 10/27/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Compressor Crislip, Jon & Betty Gaspro, Inc. 5/27/82 SECS 13,17,18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Armstrong, James & Geneva Gaspro, Inc. 4/30/82 SEC 6
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Blackwood, David & Rose Gaspro, Inc. 6/12/83 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Boniphant, Bert Gaspro, Inc. 9/1/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Boniphant, Leonard & Edna Towner Petroleum 8/16/84 SEC 13,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cox, Gary & Cecily Towner Petroleum 8/23/84 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Davidson, Stanley & Anna Towner Petroleum 8/17/84 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Davidson, Stanley & Anna Gaspro, Inc. 10/5/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Duvall, William Towner Petroleum 8/14/84 SEC 30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Frymyer, Charles Towner Petroleum 9/19/84 SECS 29,30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Henry, Charles & Margaret Towner Petroleum 8/23/84 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Frymyer, Virginia Towner Petroleum 9/20/84 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Meredith, Jane Towner Petroleum 8/25/84 SECS 24, 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ware, Elbern & Melba Towner Petroleum 8/25/84 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Road ROW Grant Shellenberger, Emmett Gaspro, Inc. 2/14/82 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Pribonic, John J. Pominex 9/11/77 SEC 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Henry, Charles H. Pominex 9/9/77 SECS 31,32
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnson, Pearl V. Pominex 9/9/77 SECS 25,26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hoffman, Floyd L. Pominex 9/15/77 SEC 32
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Caston, Earl W. Pominex 9/9/77 SECS 25,31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cox, Gary A. Pominex 12/4/77 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cox, Paul A. Pominex 12/4/77 SECS 29,30
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Londonderry Guernsey 347 556
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 353 363
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 31
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 347 562
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 598
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 550
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 345 467
- ----------------------------------------------------------------------------------------------
Pipeline/Compressor Londonderry Guernsey 351 305
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 226
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 349 532
- ----------------------------------------------------------------------------------------------
Pipeline/Tank Battery Londonderry Guernsey 351 637
- ----------------------------------------------------------------------------------------------
Pipeline/Compressor Londonderry Guernsey 351 232
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 349 109
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 352 555
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 346 219
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 351 307
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey N/A N/A
- ----------------------------------------------------------------------------------------------
Road ROW Grant Londonderry Guernsey 348 176
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 140
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 135
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 134
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 138
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 136
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 327 376
- ----------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 327 377
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 62
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 7 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Cramblett, Clarence L. Pominex 12/4/77 SEC 29
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Robert L. Pominex 12/3/77 SECS 23,24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Grigg, John W. Pominex 9/21/77 SEC 32
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Henry, Charles H. Pominex 4/14/78 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McClelland, Kenneth G. Pominex 4/15/78 SEC 26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shipe, George E. Pominex 4/22/78 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sunthimer, Robert W. Pominex 12/5/77 SEC 30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Wood, John R. Pominex 9/28/77 SECS 31,32
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ware, Elbern L, et ux Towner 8/25/84 SEC 35
- ------------------------------------------------------------------------------------------------------------------------------------
Compressor Dean, Thomas & Mary SKZ, Inc. 5/20/86 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Compressor Dean, Sadie Towner Petroleum 9/19/85 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
Compressor Dunlap, James & Maxine SKZ, Inc. 7/19/86 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Corrective Pipeline ROW Ford, Robert & Sandra Gaspro, Inc. 2/7/84 SEC 19,20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Parrish, Kenneth & Patricia SKZ, Inc. 9/22/86 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline A Quite Place Gaspro, Inc. 8/20/81 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline A Quite Place Gaspro, Inc. 12/14/77 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline A Quite Place Gaspro, Inc. 6/25/84 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ayers, Wallace & Edith Gaspro, Inc. 9/6/77 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Chester & Marjorie Gaspro, Inc. 12/16/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brown, Norval & Neva Gaspro, Inc. 12/12/77 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Anderson, James & Ruth Gaspro, Inc. 2/17/82 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Burroughs, Foster & Edna Gaspro, Inc. 5/6/78 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Carlisle, Thomas Gaspro, Inc. 9/1/77 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Daniels, Donald & Jean Gaspro, Inc. 12/13/82 SECS 4,5,7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dean, Thomas & Mary Gaspro, Inc. 9/6/77 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Daugherty, John & Jean Gaspro, Inc. 12/11/77 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Daugherty, John & Jean Gaspro, Inc. 11/5/77
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dunlap, James & Maxine Gaspro, Inc. 9/1/77 SECS 7,14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dunlap, Paul & Esther Gaspro, Inc. 12/20/77 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Feisley, John & Marian Gaspro, Inc. 9/9/77 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ford, William & Florence Gaspro, Inc. 1/4/78 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fogle, Ronald & Dorothy Gaspro, Inc. 7/30/77 SECS 23,11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fogle, Kenneth Gaspro, Inc. 6/30/77 SEC 22
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Londonderry Guernsey 327 378
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 327 379
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 665
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 328 950
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 329 591
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 329 590
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 327 381
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey 326 602
- ---------------------------------------------------------------------------------------------
Pipeline Londonderry Guernsey NA
- ---------------------------------------------------------------------------------------------
Compressor Madison Guernsey N/A N/A
- ---------------------------------------------------------------------------------------------
Compressor Madison Guernsey
- ---------------------------------------------------------------------------------------------
Compressor Madison Guernsey 376 1027
- ---------------------------------------------------------------------------------------------
Corrective Pipeline ROW Madison Guernsey N/A N/A
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey N/A N/A
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 346 387
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 492
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 359 125
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 837
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 413
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 559
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 348 187
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 626
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 771
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 415
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 839
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 620
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 400
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 767
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 494
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 27
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 705
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 198
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 324 642
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 63
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 8 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Ford, Robert & Sandra Gaspro, Inc. 12/9/77 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Chester & Marjorie Gaspro, Inc. 12/16/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Chester & Marjorie Gaspro, Inc. 10/6/77 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Ralph & Myrtle Gaspro, Inc. 10/15/77 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hatfield, Harry & Dorothy Gaspro, Inc. 9/26/77 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hayes, Ray & Gladys Gaspro, Inc. 5/2/83 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hoopes, E.S. Gaspro, Inc. 2/20/78 SEC 22
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Carlisle, Thomas Gaspro, Inc. 9/1/77 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Chester & Marjorie Gaspro, Inc. 10/6/77 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnson, Donald & Susan Gaspro, Inc. 12/10/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnson, Helen Gaspro, Inc. 11/29/77 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnston, Walter Gaspro, Inc. 1/6/78 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnson, Donald & Susan Gaspro, Inc. 8/1/81 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Keller, Carl & Grace Gaspro, Inc. 1/24/83 SECS 6,11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Klies, Gerlad & Zelda Gaspro, Inc. 1/5/78 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Laugham, Jack & Lois Gaspro, Inc. 7/21/81 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Doris Gaspro, Inc. 8/30/77 SECS 23,18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, David & Cindy Gaspro, Inc. 12/21/82 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, David & Cindy Gaspro, Inc. 8/29/77 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, Lester & Frances Gaspro, Inc. 12/16/77 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, David & Cindy Gaspro, Inc. 5/27/82 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mathews, Robert & Mary Gaspro, Inc. 10/20/83 SECS 1,2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Nichols, H. Stewart et al Gaspro, Inc. 9/20/77 SECS 24,23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Oliver, Lela Gaspro, Inc. 1/31/78 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Oliver, Ronnie & Linnah Gaspro, Inc. 10/10/77 SEC 4
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Parrish, Kenneth & Patricia Gaspro, Inc. 9/6/77 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Parrish, Kenneth & Patricia Gaspro, Inc. 11/27/78 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Paden, Willard & Thelma Gaspro, Inc. 10/3/77 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Paden, Charles & Susan Gaspro, Inc. 9/26/77 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Paden, Bernard & Vera Gaspro, Inc. 9/24/77 SEC 24
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ramelli, Eugene et al Gaspro, Inc. 10/1/77 SEC 47
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Robinson, Carl & Louise Gaspro, Inc. 3/23/78 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Leland & Ellen Gaspro, Inc. 2/7/78 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Madison Guernsey 327 332
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 413
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 537
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 554
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 784
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 356 280
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 223
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 771
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 537
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 228
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 238
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 924
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 345 716
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 776
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 703
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 345 718
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 196
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 409
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 727
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 561
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 349 534
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 356 274
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 48
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 901
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 464
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 843
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 332 954
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 275
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 164
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 167
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 460
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 565
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 959
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 64
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 9 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Smith, Charles & Pauline Gaspro, Inc. 11/21/78 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Charles & Pauline Gaspro, Inc. 12/13/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Charles & Pauline Gaspro, Inc. 6/16/82 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, James & Betty Gaspro, Inc. 2/14/78 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, James & Betty Gaspro, Inc. 6/30/77 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline St. Clair, Kenneth & Louise Gaspro, Inc. 3/12/82 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline VanHorn, Verna Gaspro, Inc. 9/6/77 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline VanHorn, Verna Gaspro, Inc. 12/14/82 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Vincent, Roger & Dorothy Gaspro, Inc. 8/15/77 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Warne, Robert Gaspro, Inc. 10/24/77 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, Edwin & Martha Gaspro, Inc. 12/9/77 SEC 20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnston, William & Barbara Gaspro, Inc. 4/15/81 SEC 21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McWilliams, Donald & Meriam Gaspro, Inc. 2/25/78 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McBride, Estella et al Gaspro, Inc. 8/5/81 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Lattea, Artie & Dorothy Gaspro, Inc. 2/7/80 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Krueger, Bernard & Lavonne Gaspro, Inc. 8/20/81 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Raimer, Paul & Joyce Gaspro, Inc. 7/31/78 SECS 18,23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter White, Raymond & Eva Gaspro, Inc. 10/19/78 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Wittman, Alvin & Mary Gaspro, Inc. 11/20/80 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Daugherty, John & Jean Gaspro, Inc. 11/12/77
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, David Gaspro, Inc. 11/28/77 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hartker Bank & Trust Towner Petroleum 7/18/84
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, David & Cindy Gaspro, Inc. 10/27/80 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Leland & Ellen Gaspro, Inc. 6/18/84 SECS 19,20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Warne, Robert Gaspro, Inc. 10/24/77 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline VanHorn, George & Verna Gaspro, Inc. 5/14/78 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Right of Way Supplement Laugham, Jack & Lois Towner Petroleum 8/28/84 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Salt Water Disposal Lease Dunlap, Paul Towner Petroleum 4/27/84 SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Salt Water Disposal Lease Keller, Carl & Grace Towner Petroleum 12/6/83 SEC 6
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bales, Floyd L. Pominex 9/10/77 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hayes, Ray L. Pominex 9/10/77 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Tucker, Jesse F. Pominex 9/12/77 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Keenan, John & Alberta Gaspro, Inc. 10/13/78 SECS 5,1
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Madison Guernsey 333 249
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 622
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 349 829
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 23
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 324 640
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 348 467
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 841
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 352 411
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 325 555
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 653
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 334
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 350 906
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 328 146
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 346 265
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison Guernsey 339 401
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison Guernsey 346 147
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison Guernsey 330 707
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison Guernsey 322 163
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison Guernsey 342 549
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 948
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 327 336
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 359 392
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 342 148
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 358 937
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 651
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 329 408
- ---------------------------------------------------------------------------------------------
Right of Way Supplement Madison Guernsey N/A N/A
- ---------------------------------------------------------------------------------------------
Salt Water Disposal Lease Madison Guernsey 98 668
- ---------------------------------------------------------------------------------------------
Salt Water Disposal Lease Madison Guernsey 97 755
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 133
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 137
- ---------------------------------------------------------------------------------------------
Pipeline Madison Guernsey 326 44
- ---------------------------------------------------------------------------------------------
Pipeline/Meter Madison/Jefferson Guernsey 331 929
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 65
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 10 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Corrective ROW Grant Dean, Sadie Towner Petroleum 3/5/84 SECS 11,20, 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dean, Ralph & Sadie Gaspro, Inc. 1/29/79 SECS 20, 11, 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dean, Ralph & Sadie Gaspro, Inc. 1/29/79 SECS 20, 11, 34
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mulinix, Donald F. Pominex 10/9/77 SECS 3,23/SECS 22,2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Deioma, Kathryn Gaspro, Inc. 4/27/81 SEC 21, LOT5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Whitely, Charles & Harriett Gaspro, Inc. 6/16/86 SECS 21,15
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Toth, Ethel Gaspro, Inc. 10/21/81 SEC 25,50,19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Troyer, Calvin & Sadie Gaspro, Inc. 12/21/81 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sellers, James & Margaret Gaspro, Inc. 1/18/82 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Henderson, Howard & Luella Gaspro, Inc. 10/20/81 SECS 25,26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Albaugh, Gilbert & Dorothy Gaspro, Inc. 1/12/82 SECS 26,27
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Albaugh, Gilbert & Dorothy Gaspro, Inc. 10/6/81 SEC 27
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Albaugh, Gilbert & Dorothy Gaspro, Inc. 8/21/81 SEC 27
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Albaugh, Gilbert & Dorothy Gaspro, Inc. 6/1/81 SECS 256,27
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Black, Bernard & Vesta Gaspro, Inc. 6/10/81 SEC 33
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bullions, Wanda Gaspro, Inc. 9/30/81 SEC 36
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Starr, Ruth Gaspro, Inc. 5/20/81
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fadorsen, Andrew & Emily Gaspro, Inc. 10/24/81 SECS 25,30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lyons, Harris & Faye Gaspro, Inc. 9/2/81 SEC 27
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Law, A. John & Clara Gaspro, Inc. 8/20/81 SEC 33
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kahrig, Donald Gaspro, Inc. 10/24/81 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Richard & Joanne Gaspro, Inc. 5/29/81 SECS 26,32
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Harris & Margaret Gaspro, Inc. 10/24/81 SECS 25,31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, R. Ellis Gaspro, Inc. 10/23/81 SECS 25,31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Hazel Gaspro, Inc. 10/24/81 SECS 25,31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shipley, Robert, et al Gaspro, Inc. 2/4/82 SECS 3,9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Miner, Donald Gaspro, Inc. 1/12/82 SEC 36
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Markee, Harlan Gaspro, Inc. 10/2/81 SEC 26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Maples, John & Josephine Gaspro, Inc. 8/9/81 SEC 26
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Chester et al Gaspro, Inc. 5/28/82 SEC 33
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fitzgerald, Charles & Beverly Gaspro, Inc. 8/21/81 SEC 33
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Black, Bernard & Vesta Gaspro, Inc. 6/7/84 SEC 33
- ------------------------------------------------------------------------------------------------------------------------------------
Road ROW Grant Yoder, Elmer & Amanda Gaspro, Inc. 5/12/81 SEC 15
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Corrective ROW Grant Madison/Londonderry Guernsey 357 875
- ----------------------------------------------------------------------------------------------
Pipeline Madison/Londonderry Guernsey 336 373
- ----------------------------------------------------------------------------------------------
Pipeline Madison/Londonderry Guernsey 352 785
- ----------------------------------------------------------------------------------------------
Pipeline Madison/Washington Guernsey 326 601
- ----------------------------------------------------------------------------------------------
Pipeline Madison/Wills Guernsey 346 556
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 345 37
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 935
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 673
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 907
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 937
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 876
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 791
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 345 1000
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 344 781
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 344 984
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 706
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 350 908
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 976
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 285
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 345 963
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 974
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 344 789
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 175
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 177
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 173
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 348 50
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 347 796
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 346 704
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 345 731
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 350 51
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 350 51
- ----------------------------------------------------------------------------------------------
Pipeline Oxford Guernsey 358 941
- ----------------------------------------------------------------------------------------------
Road ROW Grant Oxford Guernsey 344 502
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 66
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 11 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Taylor, Harry & Bertha Gaspro, Inc. 11/2/77 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hill, Wilford & Judy Gaspro, Inc. 6/11/76
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Corbett, Harry Gaspro, Inc. 10/28/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hutton, Lyle & Betty Gaspro, Inc. 10/31/77 SECS 23,8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hutton, Jim & Audrey Gaspro, Inc. 6/4/81 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Harbaugh, Bill & Barbara Gaspro, Inc. 4/27/81 SECS 9,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Green, Ronald Gaspro, Inc. 2/16/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kirtley, Robert & Lois Gaspro, Inc. 5/6/81 SEC 22
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Stillions, Howard & Carla Gaspro, Inc. 4/24/81
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Piatt, Paul & Christine Gaspro, Inc. 6/15/81 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Yontz, Christine et al Gaspro, Inc. 11/13/80 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Murrey, Arthur Gaspro, Inc. 11/7/77 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Murrey, Arthur Gaspro, Inc. 6/4/81 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Murrey, Arthur Gaspro, Inc. 2/2/82 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Murphy, James & Ruth Gaspro, Inc. 1/24/75 SEC 13
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline McDonald, Seth & Marjorie Gaspro, Inc. 5/5/81 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Wagler, Phil & Diane Gaspro, Inc. 5/12/81 SEC 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Talik, John & Mary Gaspro, Inc. 10/28/77 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Talik, John & Mary Gaspro, Inc. 12/27/77 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Robish, John & Ruth Gaspro, Inc. 5/7/81 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Corbett, Harry Gaspro, Inc. 10/28/82 SECS 11,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Lindley, Doris Gaspro, Inc. 11/15/78 LOT 20
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Yontz, Phillip & Lillian Gaspro, Inc. 5/27/80 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Murrey, Arthur Gaspro, Inc. 10/19/77 SEC 2
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cepec, Albert S. Pominex 1/4/80 SECS 9,10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Mills, Leland Pominex 6/7/76 SECS 9,25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Roberts, Charles Pominex 2/9/80 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Polen, Herb Gaspro, Inc. 6/1/76 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Polen, Herb Gaspro, Inc. 5/27/76 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Polen, Herb Gaspro, Inc. 5/27/76 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bird, John & Helen SKZ, Inc. 7/18/86 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Butcher, Ernest & Betty SKZ, Inc. 7/19/86 SECS 17,18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Carter, Ira & Mary SKZ, Inc. 6/11/86 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Richland Guernsey 326 765
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 318 911
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 351 693
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 326 766
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 877
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 288
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 348 178
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 520
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 284
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 345 39
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 342 553
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 80 900
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 875
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 348 23
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 311 222
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 516
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 504
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 320 768
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 327 926
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 344 514
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 165 545
- --------------------------------------------------------------------------------------------
Pipeline/Meter Richland Guernsey 332 440
- --------------------------------------------------------------------------------------------
Pipeline/Meter Richland Guernsey 340 218
- --------------------------------------------------------------------------------------------
Pipeline Richland Guernsey 326 608
- --------------------------------------------------------------------------------------------
Pipeline Spencer Guernsey 338 424
- --------------------------------------------------------------------------------------------
Pipeline Spencer Guernsey 318 644
- --------------------------------------------------------------------------------------------
Pipeline Spencer Guernsey 338 756
- --------------------------------------------------------------------------------------------
Pipeline Valley Guernsey 318 890
- --------------------------------------------------------------------------------------------
Pipeline Valley Guernsey 318 885
- --------------------------------------------------------------------------------------------
Pipeline Valley Guernsey 318 887
- --------------------------------------------------------------------------------------------
Pipeline Washington Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Washington Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Washington Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 67
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 12 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Kappel, Henry & Patricia SKZ, Inc. 7/19/86 SEC 17
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Bradfield, Voila Towner Petroleum 3/14/84 SEC 25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Hayes, Lewis & Annie Gaspro, Inc. 5/2/83 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Morrison, Paul & Vesta Gaspro, Inc. 4/29/83 SECS 20,21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Nichols, Raymond & Ruth Gaspro, Inc. 10/19/83 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Tuttle, Paul & Ruth Gaspro, Inc. 10/10/77 SEC 24
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Tuttle, Earl & Wanda Gaspro, Inc. 10/13/77 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Mulinix, Donald & Shirley Gaspro, Inc. 9/1/77 SECS 23,3
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Hinchcliff Products Co. Gaspro, Inc. 1/9/79 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Petuson, David & Doris Gaspro, Inc. 9/27/78 SEC 25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Hinchcliff Prod. Pominex 12/6/77 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Roby, Mona R. Pominex 9/13/77 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Mose Leslie 1/10/80 SEC 3
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Yoder, Joe S. Leslie 10/19/79 SEC 3
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Roman S. Leslie 7/7/78 SEC 1
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Longsworth, Doris E. Leslie 7/20/78 SECS 19,20,21,22
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Nichols, Raymond R. Pominex 9/10/77 SEC21/SEC 1
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Larrick, Kenneth & Myra Towner Petroleum 3/17/86 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Baird, Wayne & Elizabeth SKZ, Inc. 10/14/86 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Reese, Anna SKZ, Inc. 10/13/86 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Tipton, Oliver & Iona SKZ, Inc. 10/15/86 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Ervin & Nellie Gaspro, Inc. 1/25/75 SEC 33
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Schantz Truck & Tractor, Inc. Gaspro, Inc. 10/13/77 SEC 3
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Slasor, Chester & Margaret Gaspro, Inc. 6/28/77 SEC 7
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Warren & Betty Gaspro, Inc. 6/28/77 SEC 6
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Johnston, William & Barbara Gaspro, Inc. 6/30/77 SECS 10,14,15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Laughman, Harry & Edith Gaspro, Inc. 6/28/77 SECS 7,8
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Geiger, Paul & Frances Gaspro, Inc. 6/30/77 LOT 15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Goodpaster, Ronnie & Shirley Gaspro, Inc. 7/25/77 SEC 6
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Hosfeld, Harry & Margaret Gaspro, Inc. 7/29/77 SEC 7
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Allen, Howard & Helen Gaspro, Inc. 10/31/80 LOT 10
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Allen, Howard & Helen Gaspro, Inc. 7/11/77 SEC 8, LOT 18
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Bonnell, Ellis & Janet Gaspro, Inc. 7/19/77 SEC 6
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Washington Guernsey N/A N/A
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 358 33
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 356 282
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 356 278
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 356 276
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 326 462
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 326 468
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 325 769
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 333 247
- -------------------------------------------------------------------------------------------
Pipeline/Meter Washington Guernsey 331 653
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 327 380
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey 326 139
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey not record.
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey not record.
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey not record.
- -------------------------------------------------------------------------------------------
Pipeline Washington Guernsey not record.
- -------------------------------------------------------------------------------------------
Pipeline Washington/Madison Guernsey 326 132
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey N/A N/A
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey N/A N/A
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey N/A N/A
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey N/A N/A
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 311 218
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 326 556
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 634
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 636
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 330 33
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 638
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 644
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 325 39
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 325 697
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 342 409
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 800
- -------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 973
- -------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 68
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 13 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Markee, Willis Gaspro, Inc. 4/5/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, James & Kathleen Gaspro, Inc. 9/22/77
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, James & Kathleen Gaspro, Inc. 3/20/77 SECS 6,10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gray, Raymond & Verna Gaspro, Inc. 7/19/77 SEC 3
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Warne, Edwin & Jean Gaspro, Inc. 1/20/77 SECS 9,10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Martin, Harold & Rosella Gaspro, Inc. 9/20/77 SEC 1
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Moorehead, Richard & Elinor Gaspro, Inc. 5/8/77 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Moorehead, Richard & Elinor Gaspro, Inc. 1/22/77 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hitchcock, Ruth Gaspro, Inc. 7/19/77 SEC 6
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Blaney, Durward et ux Gaspro, Inc. 6/21/78 LOT 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline/Meter Allen, Hawold & Helen Gaspro, Inc. 12/18/80
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Slasor, Chester Gaspro, Inc. 12/29/82 SEC 14
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Birney, Mary E. Pominex 10/13/76 SEC 25
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Gladman, Floyd R. Pominex 3/2/77 SEC 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Horrigan, Edward F. Pominex 10/29/76 SECS 25,31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Liardi, Muriel L. Pominex 10/13/76 SEC 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Vansickle, Roy E. Pominex 10/12/76 SEC 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Weakland, Carl B. Pominex 10/13/76 SEC 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Carpenter, Clarence Gaspro 10/3/03 SEC 5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cueni, Rita Towner 7/27/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Rhine, Robert et al Towner 11/17/82 SEC 10
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crosier, A. V. & Lucille` Gaspro 1/4/83 SECS 11,5
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crosier, A. V. & Lucille` Gaspro 4/7/82 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Batten, Edward et ux Gaspro 10/23/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Stewart, John & Marlyn Gaspro 11/17/82 SEC 17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Rodgers, Marion Gaspro 4/4/83 SECS 6,11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lukas, Henry & Irene Gaspro 4/23/83 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hall, Charles & Doris Gaspro 12/1/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Myers, Richard & Dorothy Gaspro 11/24/81 SEC 16
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Emerick, Robert et ux Gaspro 10/30/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Cunningham, James et ux Gaspro 12/27/82 SEC 23
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Holmes Limestone Co. Gaspro 11/17/82 SECS 11,17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Dyer, William Gaspro 4/5/83 SEC 11
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Wills Guernsey N/A N/A
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 326 162
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 154
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 971
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 156
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 326 46
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 158
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 160
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 324 945
- --------------------------------------------------------------------------------------------
Pipeline/Meter Wills Guernsey 330 31
- --------------------------------------------------------------------------------------------
Pipeline/Meter Wills Guernsey 343 791
- --------------------------------------------------------------------------------------------
Pipeline Wills Guernsey 352 407
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 188 57
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 189 414
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 188 284
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 188 54
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 188 52
- --------------------------------------------------------------------------------------------
Pipeline Franklin Harrison 188 55
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 211 563
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 208 23
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 209 205
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 209 294
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 209 375
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 208 578
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 208 710
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 210 108
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 210 189
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 205 552
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 205 550
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 208 706
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 209 203
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 209 209
- --------------------------------------------------------------------------------------------
Pipeline Freeport Harrison 210 106
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 69
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 14 of 26
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Nalle, Wayne et ux Gaspro 11/16/82 SEC 17
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Freeport Township Trustees Towner 10/2/85
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Adams, Clinton R. Pominex 10/31/75 SEC 30
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Doerfer, Donavon E. Pominex 11/5/76 SEC 36
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Devore, Frank Pominex 6/7/76 SEC 36
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Goulding, Albert Pominex 6/9/76 SEC 24
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Hines, Clarence N. Pominex 6/10/76 SEC 29
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Long, Arthur Pominex 10/13/76 SECS 28,29
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Mallarnee, Marion C. Pominex 6/26/76 SECS 23,29
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Miracle, Lois C. Pominex 10/5/76 SEC 36
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Olson, Clair E. Pominex 6/9/76 SECS 23,24
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Romanski, Arthur J. Pominex 11/5/76 SEC 35
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Schueler, Peter H. Pominex 10/21/76 SEC 36
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Wallace, Boyd Pominex 6/21/76 SEC 24
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Wallace, Donald W. Pominex 6/21/76 SEC 24
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Wallace, Phyllis J. Pominex 5/11/76 SECS 29,30
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Bell, Edward L. Pominex 9/11/77 SEC 11
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Cope, Florence Pominex 11/6/75 SEC 5
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Canton Dist.YMCA Pominex 5/3/77 SEC 5
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Edwards, William D. Pominex 9/11/77 SEC 11
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Horner, James E. Pominex 10/29/75 SEC 5
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Hren, Edward F. Pominex 11/5/75 SEC 5
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Kinsey, Carlene L. Pominex 8/20/76 SECS 23,24
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline McConnell, Howard O. Pominex 12/5/77 SECS 5,11,12
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Powers, Eula D. RSC Energy Corp. 9/12/83 SEC 6
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Powers, Alden D. RSC Energy Corp. 9/12/83 SEC 7
- ----------------------------------------------------------------------------------------------------------------------------
Roadway Powers, Alden D. RSC Energy Corp. 6/14/84 SEC 7
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Lindquist, William Pominex 4/30/76 SEC 5
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Rhodes, Harry W. Pominex 7/14/77 SEC 19
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Coler, Loren R. Pominex 6/19/84 SEC 17
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, Paul W. Pominex 2/1/77 SEC 19
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, David A. RSC Energy Corp. 8/11/84 SEC 19
- ----------------------------------------------------------------------------------------------------------------------------
Pipeline Petersen, Robert N. Pominex 2/20/76 SEC 8
- ----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Freeport Harrison 208 708
- -----------------------------------------------------------------------------------------------
Pipeline Freeport Harrison not record.
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 39
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 188 285
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 466
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 702
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 704
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 188 56
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 706
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 188 53
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 700
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 188 283
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 188 282
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 666
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 667
- -----------------------------------------------------------------------------------------------
Pipeline Nottingham Harrison 186 468
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 191 370
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 186 41
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 190 70
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 191 371
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 186 43
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 186 46
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 188 486
- -----------------------------------------------------------------------------------------------
Pipeline Washington Harrison 192 350
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 210 426
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 210 428
- -----------------------------------------------------------------------------------------------
Roadway Beaver Mahoning 213 768
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 606
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 186 50
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 154 272
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 183 845
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 214 560
- -----------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 178 496
- -----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 70
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 15 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Yencik, Milan E. Pominex 11/6/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Stear, Angus D. Pominex 1/20/76 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Scattergood, Daryl W. Pominex 1/11/75 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, David A. Carless Resources 4/18/85 SEC 19
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Rischar, Stephen S. Pominex 3/27/77 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Lindquist, Gordon L. Pominex 6/4/77 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Hartsock, Walter R. Carless Resources 4/23/85
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline South Range School Carless Resources 5/20/85 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Brumbaugh, Lewis M. Carless Resources 10/4/85 SEC 19
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Nichols, Paul S. Carless Resources 10/16/85 SEC 20
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Halt, Frederick L. Pominex 11/12/75 SEC 7/SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Erskine, James R. et ux C. E. Beck 10/1/85 SEC 20
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Lodwick, Harvey Pominex 8/19/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Evans, Richard E. Pominex 11/6/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Cullar, John A. Pominex 11/6/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Calvin, William L. Pominex 11/6/75 SEC 4
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Scattergood, Daryl W. Pominex 9/8/75 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Cooley, Earl R. Pominex 12/8/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Calvin, Rosena H. Pominex 11/6/75 SEC 5
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Luplow, Otto W. Pominex 8/20/75 SECS 5,8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline AFC Corporation Pominex 11/13/75 SEC 7
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Culp, Elizabeth T. Pominex 4/13/76 SEC 19
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Daniel N. Pominex 4/14/76 SEC 5
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Davenport, Robert J. Pominex 3/9/76 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Carr, Richard D. Pominex 4/7/76 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Carr, Raymond C. Pominex 4/7/76 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Carr, Raymond C. Pominex 3/31/76 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline AFC Corporation Pominex 4/30/76 SEC 5
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Culp, William H. Pominex 5/8/76 SEC 30
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Thompson, Jack L. Pominex 6/10/76 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Wagenhouser, Kenneth C. Pominex 6/10/76 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Yacovone, Anglo Pominex 7/20/76 SEC 15
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Bort, Myron K. Pominex 8/2/76 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Beaver Mahoning 177 207
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 178 494
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 211
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 57 99
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 184 274
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 185 955
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 78 66
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 136 297
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 146 91
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 145
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning not record.
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 197
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 201
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 203
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 205
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 213
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 215
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 266
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 49
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 310
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 512
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 514
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 518
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 537
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 539
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 529
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 179 606
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 41
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 267
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 271
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 699
- ---------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 180 892
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 71
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 16 of 26
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline South Range School Pominex 9/23/76 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, David A. Pominex 2/1/77 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Weaver, David B. Pominex 2/1/77 SECS 19,30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Blosser, Arthur A. Pominex 1/29/77 SEC 19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crumbacher, Garland E. Pominex 3/29/77 SECS 16,17
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Evans, Hazel L. Pominex 5/18/77 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Huffman, Donald E. Pominex 4/6/78 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Sauerwein, Robert L. Pominex 4/6/78 SEC 7
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Scattergood, Daryl W. Pominex 9/11/75 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Crowe, Dale R. Pominex 8/17/75 SEC 8
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Wittenauer, Mary Carless 9/11/86 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ellis & Wright Carless 9/16/86 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Ramsey, Earl V. RSC Energy Corp. 7/17/84 SEC7/SEC12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Linda L. RSC Energy Corp. 7/18/84 SEC7/SEC12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bowen, Linda R. RSC Energy Corp. 7/26/84 SEC 7/SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Bowen, Melvin E. RSC Energy Corp. 7/27/84 SEC 7/SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Fansler, Gary E. RSC Energy Corp. 8/11/84 SEC 7/SEC 12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Hendricks, Irma J. Pominex 11/11/75 SEC 6/ SECS 1,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Wiltcrest Farms Inc. Pominex 11/12/75 SEC 7/ SEC 1,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Moff, Robert C. Pominex 8/19/75 SEC 6/ SECS 1,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline AFC Corporation RSC Energy Corp. 8/12/83 SEC 5,6,7/LOT 8,18/SEC 1,12
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Barger, William R. Pominex 5/6/76 LOT 13(4DIV)
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kramer, David H. RSC Energy Corp. 6/4/83 SEC 18
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Lura E. Pominex 8/7/75 LOT 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Southern Hills Golf Pominex 1/13/76 LOTS 19,48
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Brown, Paul N. Pominex 10/8/75 LOT 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Moran, Adelbert C. Pominex 10/15/75 LOT 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lange, Ernest C. Pominex 10/15/75 LOT 9
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Rhodes, Roy I. Pominex 8/7/75 LOT 31
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Shorten, Edward A. Pominex 9/16/75 SECS 13,19
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Swanston Children Home Pominex 10/3/75 LOT 21
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Lynn, Leland E. Pominex 9/30/75 LOT 30
- ------------------------------------------------------------------------------------------------------------------------------------
Pipeline Kyle, Mary E. Pominex 8/8/75 LOT 30
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Beaver Mahoning 181 935
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 183 843
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 183 844
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 183 846
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 184 728
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 185 169
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 189 556
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 189 567
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 211
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 177 199
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 316 208
- -------------------------------------------------------------------------------------------------
Pipeline Beaver Mahoning 329 154
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 214 159
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 214 161
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 214 248
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 214 553
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 214 562
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 177 147
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/ Green Mahoning 177 151
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/Canfield Mahoning 177 299
- -------------------------------------------------------------------------------------------------
Pipeline Beaver/Canfield/Green Mahoning 210 423
- -------------------------------------------------------------------------------------------------
Pipeline Boardman Mahoning 179 768
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 209 241
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 179
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 209
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 217
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 219
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 221
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 227
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 229
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 268
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 270
- -------------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 272
- -------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 72
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 17 of 26
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Iona Inc. Pominex 10/7/75 LOT 30
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Gaca, James T. Pominex 9/10/75 LOT17
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Morris, Richard D. Pominex 11/7/75 LOT 20(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline McKenzie, Roland L. Pominex 10/28/75 LOT 20(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Anderson, Leroy Pominex 10/31/75 LOT 20(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Anderson, Raymond K. Pominex 10/31/75 LOTS 18,19,20
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Seidner, Blanche G. Pominex 9/29/75 LOT 18
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline AFC Corporation Pominex 8/21/75 SECS 5,6,7/LOTS 8,18
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Hurd, Dallas L. Pominex 3/24/76 LOT 48(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Chambers, George H. Pominex 3/25/76 LOT 48(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Chambers, George H. Pominex 3/25/76 LOT 48(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Meredith, Norman C. Pominex 3/23/76 LOT 48(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Wellington, Thomas Pominex 3/24/76 LOT 48(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Dietrich, Arthur C. Pominex 4/9/76 LOT 24(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Bieber, Raymond N. Pominex 3/27/76 LOT 23,24(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Kelso, George R. Pominex 4/12/76 LOT 24(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Kelso, George R. Pominex 6/24/76 LOT 24(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Paulo, Walter H. Pominex 12/22/75 LOT 30(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Skelton, Theda M. Pominex 10/7/75 LOT 9(3DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Salvia, Joseph Pominex 10/1/75 LOT 31(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Forney, Monroe M. Pominex 9/29/75 LOT 19(3DIV), LOT 47(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Appel, James R. Pominex 10/29/75 LOT 20(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Manley, Joseph W. Pominex 10/29/75 LOT 13(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Coe, Madeline Pominex 1/20/76 LOT 13(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Acierno, Samuel J. Pominex 9/30/75 LOT 20(4DIV)
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Beeman, Marilyn RSC Energy Corp. 6/17/83 SEC 1
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Perkins, Joseph E. Pominex 11/12/75 SEC 12
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Teets, Paul L. RSC Energy Corp. 6/6/84 SEC 23
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Less, Paul E. Pominex 11/8/76 SEC 23
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Knauf, John D. Pominex 3/25/78 SECS 8,10
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Everson, Charles W. Pominex 6/26/84 SECS 10,11
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Lam Enterprises RSC Energy Corp 6/19/84 SEC 12
- -----------------------------------------------------------------------------------------------------------------------------------
Pipeline Schaal, Kenton D. RSC Energy Corp. 7/11/84 SEC 23
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Canfield Mahoning 177 276
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 278
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 282
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 286
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 288
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 290
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 292
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 305
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 178 503
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 178 507
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 178 509
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 178 511
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 178 513
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 179 516
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 179 531
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 179 542
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 180 484
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 274
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 223
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 225
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 264
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 284
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 297
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 181
- ----------------------------------------------------------------------------------------------
Pipeline Canfield Mahoning 177 280
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 209 283
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 153
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 213 715
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 688
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 184 273
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 163
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 213 913
- ----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 12
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 73
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 18 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Burkey, Edward D. RSC Energy Corp. 7/11/84 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Traficant, James A. RSC Energy Corp. 6/19/84 SECS 14,15
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Wisler, Clark W. RSC Energy Corp. 7/12/84 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Roller, David A. Pominex 7/11/84 SECS 11,14
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Wightman, Eric J. RSC Energy Corp. 8/2/84 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Lanterman, James A. Sr. RSC Energy Corp. 8/8/84 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kolarik, David RSC Energy Corp. 8/16/84 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Dennison, Theda M. Pominex 1/14/76 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Bixler, Norman L. RSC Energy Corp. 10/10/84 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Williamson, Robert R. RSC Energy Corp. 10/10/84 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Sauerwein, Arden L. RSC Energy Corp. 12/17/84 SEC 14
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Gilbey, George W. Carless Resources 8/16/85 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Calvin, Floyd H. Pominex 6/29/76 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Petrila, Dorothy Carless Resources 4/17/85 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Nez, Murrel M. Carless Resources 4/18/85 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kolarik, David Carless Resources 4/23/85 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Altomare, Richard L. Carless Resources 10/7/85 SEC 22
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Slagle, Earl C. Carless Resources 10/31/85 SEC 26
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kappler, Rudolph H. Carless Resources 11/1/85 SECS 23,26
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Teets, Paul L. Carless Resources 11/7/85 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kentzel Farms, Inc. Carless Resources 11/14/85 SEC 24
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Less, Francis G. ominex 10/27/76 SEC 24
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Stepuk, Catherine Pominex 11/21/75 SEC 11
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Bowman, Paul E. Pominex 11/21/75 SEC 11
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Helmick, Elden L. Pominex 11/21/75 SEC 10
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Barnes, Ileen G. Pominex 11/21/75 SEC 10
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Saunders, Charles H. Pominex 12/15/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Withers, Russel E. Pominex 12/10/75 SECS 8,9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Calvin, Carrie A. Pominex 12/10/75 SEC 10
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Dunn, AnnaBelle Pominex 12/10/75 SEC 9
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Zerbs, Victor Pominex 12/22/75 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Paulin, Harvey H. Pominex 12/19/75 SECS 1,2
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Hofmann, Frank W. Pominex 12/22/75 SEC 1
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Green Mahoning 214 14
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 16
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 157
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 159
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 556
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 558
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 214 566
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 149
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 215 330
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 215 332
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 574 308
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 57 101
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 482
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 57 108
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 57 110
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 57 112
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 136 295
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 157 279
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 157 281
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 165 175
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 165 173
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 719
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 155
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 157
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 161
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 165
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 167
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 169
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 171
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 173
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 175
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 177
- -------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 184
- -------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 74
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 19 of 26
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Hofmann, Dwayne R. Pominex 12/22/75 SEC 1
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Kentzel, Harry M. Pominex 12/18/75 SEC 10
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Felger, Luther Pominex 1/16/76 SEC 9
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Croyle, Finley L. Pominex 12/21/75 SEC 8
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Sheen, Charles E. Pominex 12/21/75 SEC 9
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Bare, Richard E. Pominex 4/7/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Watt, William Pominex 3/29/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Hope, James H. Pominex 3/29/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Weston, James R. Pominex 3/30/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline McIntyre, Paul D. Pominex 3/30/76 SEC 12
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Janik, Raymond M. Pominex 4/7/76 SEC 24
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Cavalier, Leonard Jr. Pominex 5/6/76 SEC 12
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Gasper, Paul S. Pominex 5/8/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Wiant, Russell L. Pominex 6/3/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Slagle, Richard G. Pominex 6/2/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Petrila, Frank L. Pominex 6/2/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Mitlow, Thomas D. Pominex 6/19/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Sauerwein, Arden L. Pominex 6/10/76 SEC 14
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Beardsley, Almus L. Pominex 6/10/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Mauch, John C. Pominex 6/10/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Cavalier, Leonard A. Pominex 6/23/76 SEC 12
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Sowers, Ivan Pominex 6/30/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Sigle, Clyde E. Pominex 7/19/76 SEC 11
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Garber, Russell L. Pominex 7/21/76 SEC 2
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Bort, Lizzie Pominex 7/21/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Childs, Joseph W. Pominex 7/28/76 SEC 13
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Davis, Doris W. Pominex 9/16/76 SEC 10
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Stearns, Charles W. Pominex 9/17/76 SEC 30
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Detwiler, Marcus E. Pominex 10/19/76 SEC 24
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Kurtz, Wilbur H. Pominex 10/19/76 SEC 24
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Bush, Harvey L. Pominex 10/28/76 SEC 14
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Davis, Nellie L. Pominex 10/27/76 SEC 24
- -------------------------------------------------------------------------------------------------------------------------
Pipeline Smith, Frank T. Pominex 11/24/76 SECS 10,11
- -------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Green Mahoning 177 186
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 188
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 195
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 568
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 177 570
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 520
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 523
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 525
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 527
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 533
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 535
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 766
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 179 770
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 43
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 45
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 47
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 259
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 261
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 263
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 269
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 623
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 619
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 695
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 697
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 701
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 180 742
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 181 939
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 181 941
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 690
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 692
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 712
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 714
- ---------------------------------------------------------------------------------------------
Pipeline Green Mahoning 182 794
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 75
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 20 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Root, James L. Pominex 12/11/76 SEC 11
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Jones, Earl L. Pominex 1/19/77 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kenreich, Robert W. Pominex 1/18/77 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Shepherd, Frederick R. Pominex 3/25/77 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kappler, Emma A. Pominex 5/4/77 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Schaade, Harry W. Pominex 6/1/77 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Anglemyer, Dewayne R. Pominex 6/30/77 SEC 15
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Beck, John L. Pominex 6/30/77 SEC 15
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Herron, Alberta Pominex 4/4/78 SEC 18
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kenreigh, Ray M. Pominex 4/3/78 SEC 17
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kenreigh, Albert V. Pominex 4/3/78 SECS 17,18
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Zerbs, Victor Jr. Pominex 4/5/78 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Flick, Edna K. Pominex 3/31/78
- ---------------------------------------------------------------------------------------------------------------------------
Roadway McIntyre, Dale A. Pominex 4/28/76 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
Roadway Slagle, Richard G. Pominex 7/1/76 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Roadway Pifer, Lemont Carless 5/1/87 SEC 3
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Slagle, Earl C. Carless 10/28/87 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Kenreich, David J. Carless 9/22/88
- ---------------------------------------------------------------------------------------------------------------------------
Roadway Kridler, Karl f. et ux Carless 12/27/88 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Taylor, Virgil D. et ux Carless 2/7/89 SEC 10
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Skinner, Wilbur C. RSC Energy Corp. 6/28/83 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Foraker, Robert L. RSC Energy Corp. 7/6/83 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Sheck, Stanley A. RSC Energy Corp. 7/20/83 SEC 1
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Gilbert, Anna S. RSC Energy Corp. 7/22/83 SEC 1
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Sheck, John J. RSC Energy Corp. 7/20/83 SEC 1
- ---------------------------------------------------------------------------------------------------------------------------
Roadway Foraker, Robert L. RSC Energy Corp. 5/24/84
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline & Row Little, Lester Carless 12/8/87 2 QTR
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Wiscarver, Walter et ux Kelt Ohio Inc. 5/30/97 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Knicely, Donald B. RSC Energy Corp. 6/1/83 LOT 33
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Cross, Jack R. RSC Energy Corp. 6/1/83 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Mitchell, Clarence E. RSC Energy Corp. 6/2/83 LOT 30
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Holt, Jearl R. RSC Energy Corp. 6/2/83 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------
Pipeline Wilson, Charles F. RSC Energy Corp. 6/8/83 SEC 12
- ---------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Green Mahoning 182 796
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 183 847
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 183 848
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 184 271
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 184 933
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 185 293
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 185 956
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 185 957
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 189 559
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 189 561
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 189 563
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 189 565
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning
- -----------------------------------------------------------------------------------------------
Roadway Green Mahoning 179 772
- -----------------------------------------------------------------------------------------------
Roadway Green Mahoning 180 617
- -----------------------------------------------------------------------------------------------
Roadway Green Mahoning 460 240
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 574 101
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning
- -----------------------------------------------------------------------------------------------
Roadway Green Mahoning 795 161
- -----------------------------------------------------------------------------------------------
Pipeline Green Mahoning 826 56
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 895 266
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 895 264
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 897 201
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 897 203
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 897 205
- -----------------------------------------------------------------------------------------------
Roadway Madison Muskingum
- -----------------------------------------------------------------------------------------------
Pipeline & Row Madison Muskingum 1000 389
- -----------------------------------------------------------------------------------------------
Pipeline Madison Muskingum 1135 37
- -----------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 129
- -----------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 594 127
- -----------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 133
- -----------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 794 131
- -----------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 135
- -----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 76
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 21 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Foraker, Charles A. RSC Energy Corp. 6/24/83 LOT 22
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Wisecarver, Wayne L. RSC Energy Corp. 6/23/83 SEC 7
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Caldwell, Gaylord W. RSC Energy Corp. 6/25/83 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Rasor, Etta RSC Energy Corp. 6/24/83 SEC 6
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Gierke, Clifford C RSC Energy Corp. 6/24/83 SEC 7
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Knicely, Richard W. RSC Energy Corp. 6/27/83 SEC 8
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline East Ohio Gas Co. RSC Energy Corp. 11/22/83 SECS 12,19
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Baker, Charles L. RSC Energy Corp. 6/30/83 LOT 4, 1QTR
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Snyder, Robert W. RSC Energy Corp. 7/9/83 LOT 2, 3QTR, LOT 3 4QTR
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Peterson, Charles H. RSC Energy Corp. 7/8/83 LOT 3, 4QTR
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Mohr, Roy J. RSC Energy Corp. 7/21/83 LOT 19, 4QTR
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline McNeish, James A. RSC Energy Corp. 7/23/84 LOT 15, 4QTR
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Ward, Margaret A. RSC Energy Corp. 8/24/03 LOTS 2,9,12
- ---------------------------------------------------------------------------------------------------------------------------------
Roadway Stotts, Dale RSC Energy Corp. 8/1/83 LOTS 16,25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Wells, Arthur L. Carless Resources 9/16/85 LOT 9
- ---------------------------------------------------------------------------------------------------------------------------------
Compressor Cale, Thomas & Cathy SKZ, Inc. 10/28/86 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------------
Compressor Cale, Thomas & Cathy SKZ, Inc. 10/28/86 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Lafollette, Olive Polen, Herb 5/29/76 SEC 15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Vorhies, James & Barbara Polen, Herb 5/29/76 SEC 15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Cale, Robert Gaspro, Inc. 2/3/78 SEC 16
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Cale, Robert Polen, Herb 5/19/76 SECS 16,15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Drake, Earl & Juanita Polen, Herb 6/9/76 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Corbett, Harry Gaspro, Inc. 10/28/82 SEC 14
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Cale, Robert Herb Polen 5/19/76 SECS 16,15
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Easement Drake, Earl et ux Herb Polen 6/9/76 SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Gregory, Ronald & Dorothy Herb Polen 5/17/76 SEC 13
- ---------------------------------------------------------------------------------------------------------------------------------
Continuation of Right of Way Big C Ranch, Inc Gaspro, Inc. 7/7/81 SECS 24,25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Caldwell Lumber & Supply Zilkha Energy Co. 11/12/87 SEC 25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Big C Ranch, Inc Gaspro, Inc. 1/19/76 SECS 24,25
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Ake, Mort & Myrtle Kelt Oil & Gas Inc. 7/23/90 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Anderson, Harold et ux Gaspro 10/22/74 SEC 10
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Ake, Mort & Myrtle Gaspro 1/15/81 SEC 23
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Ake, Mort & Myrtle Gaspro 6/8/76 SECS 11,14
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Salem Muskingum 894 237
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 241
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 235
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 239
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 269
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum 894 271
- ---------------------------------------------------------------------------------------------
Pipeline Salem Muskingum not record.
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 895 262
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 896 111
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 897 197
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 897 199
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 897 207
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 898 329
- ---------------------------------------------------------------------------------------------
Roadway Washington Muskingum not record.
- ---------------------------------------------------------------------------------------------
Pipeline Washington Muskingum 945 151
- ---------------------------------------------------------------------------------------------
Compressor Buffalo Noble N/A N/A
- ---------------------------------------------------------------------------------------------
Compressor Buffalo Noble 143 802
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 797
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 796
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 146 851
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 795
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 793
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 165 545
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 795
- ---------------------------------------------------------------------------------------------
Pipeline Easement Buffalo Noble 143 793
- ---------------------------------------------------------------------------------------------
Pipeline Buffalo Noble 143 802
- ---------------------------------------------------------------------------------------------
Continuation of Right of Way Olive Noble N/A N/A
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble 164 739
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble 142 952
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble 169 727
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 694
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble not record.
- ---------------------------------------------------------------------------------------------
Pipeline Olive Noble 143 509
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 77
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 22 of 26
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Brothers, Sadie Gaspro 2/2/77 SEC 1
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Clark, Herbert & Glenna Gaspro 10/29/74 SEC 15
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Crock, Freda & Sebastion Gaspro 9/19/74
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Crock, Freda & Sebastion Gaspro 7/24/76 SEC 22
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Big C Ranch Gaspro 1/14/76 SECS 24,25
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Davis, Phil et ux Canyon Petrol. Corp. 6/10/75 SEC 23
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Gardner, Robert et ux Gaspro 11/20/79 SEC 24
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Greathouse, Edward et al Canyon Petrol. Corp. 3/5/75 SEC 25
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Greathouse, Edward et ux Gaspro 6/24/76 SEC 25
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Greathouse, Edward et ux Canyon Petrol. Corp. 3/5/75 SECS 25,26
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Hutchins, Elvin J. et ux Gaspro 9/10/75 SECS 14,13,24,23
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Hupp, John Gaspro 12/8/76 SEC 12
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Hayes, Gerald et al Gaspro 11/5/74 SEC 10
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Finley Mitchell et ux Kelt Oil & Gas Inc. 8/7/91 SEC 23
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Webber, M. W. et ux Canyon Petrol. Corp. 3/3/75 SEC 25
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Pickenpaugh, Ernest et ux Gaspro 9/20/74
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Pickenpaugh, Murl Gaspro 9/23/74
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Parry, Edna Gaspro 11/2/75 SEC 23
- ----------------------------------------------------------------------------------------------------------------------------------
Roadway Radcliff, Frank Gaspro 8/19/76
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Ritterbeck, Mary Canyon Petrol. Corp. 3/12/75 SEC 24
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Sanford, Dewey & Mary Gaspro 9/1/76 SEC 23
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Sherr, Mary Veronica Gaspro 10/29/74
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Still, Lillian Gaspro 12/8/76 SEC 1
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Sanford, Richard et ux Canyon Petrol. Corp. 3/12/75 SEC 23
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Central Ohio Coal Co. SKZ 7/31/86 SEC 27
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Weekley, Gilbert & Opal Gaspro 12/2/76 SEC 1
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Odlivak, Steve & Marie Gaspro 5/8/76 SEC 14
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Nau, William et ux Gaspro 2/9/77 SECS 23,14
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Morris, Russell & Dorothy Gaspro 5/7/76 SEC 14
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Lori, Earnest Gaspro 9/27/74 SEC 15
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Kress, Marie et al Gaspro 5/19/79 SECS 12,13
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Ross, Larry Gaspro 1/27/76 SECS 14,23,24,36
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Kress, David et ux Gaspro 7/25/77 SEC 12
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Olive Noble 145 487
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 690
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 680
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 144 351
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 142 952
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 700
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 150 74
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 273
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 143 657
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 275
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 143 390
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 482
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 692
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 171 796
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 277
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 686
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 684
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 142 362
- --------------------------------------------------------------------------------------------
Roadway Olive Noble not record.
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 320
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 144 181
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 696
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 480
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 141 322
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble not record.
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 484
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 143 511
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 474
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 143 507
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 688
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble not record.
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 142 938
- --------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 821
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 78
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 23 of 26
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Khune, James & Rebecca Gaspro 8/4/77 SEC 36
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Jenkins, Dr. John et ux Gaspro 6/20/77 SECS 35,36
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Pryor, William & Margaret CT Productions 1/22/74 SEC 26
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Schell, Ronald et ux Gaspro 11/10/79 SEC 12
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Ohio Power Co. Gaspro 9/8/76 SEC 27
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Parks, Edward & Shirley SKZ 2/21/87 SEC 23
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline/Roadway Radcliff, Frank Towner 8/21/84 SEC 27
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Sanford, Dewey & Mary Gaspro 9/20/74 SECS 14,15,22,23
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Corbett, Harry Gaspro 10/28/82 SECS 11,12/ SEC 14
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Delaney, Glen et ux Canyon Petrol. Corp. 3/6/76 SECS 30,31
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Richey, Elizabeth et al Gaspro 10/18/77 SECS 6,7
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Richey, Marion B. et al Herb Polen 5/29/76 SEC 7
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Sayre, Wilbert Jr. et ux Gaspro 10/24/77 SEC 7
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Sayre, Frank Sr. et ux Gaspro 6/1/78 SEC 7
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Williamson, Floyd et al Gaspro 10/16/78 SEC 7
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Burns, Miles et al Herb Polen 1/8/76 SEC 24
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Bossow, Robert E. Pominex 9/14/77 LOT 4
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Brosius, Paul A. Pominex 6/25/77 LOT 11
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Bujalski, Victoria Pominex 10/23/77 SECS 2,3
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Lucas, Homer O. Sr. Pominex 10/23/76 LOT 13
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Robinson, Donald B. Pominex 6/24/77 LOT 21
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Winchell, Roger S. Pominex 6/23/77 LOTS 21,31
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Dorson, David J. Pominex 10/8/77 LOT 72
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Hall, Arthur A. Pominex 10/11/77 LOT 92
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Kuse, Clarence A. Pominex 10/8/77 LOT 82
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Pasicznyk, John Pominex 10/10/77 LOTS 81,82,91,92
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Rowe, Hyman J. Pominex 10/12/77 LOT 83
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Soltis, Richard C. Pominex 10/20/77 LOTS 81,82,91,92
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Summers, Joseph R. Pominex 10/8/77 LOTS 61,71
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Nalle, Wayne R. Leslie Oil 11/29/79 LOT 23
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Carlisle, William Leslie 4/5/79 SEC 22
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Carlisle, William Leslie 2/26/80 SEC 22
- -------------------------------------------------------------------------------------------------------------------------------
Pipeline Hall, Donald Leslie 5/8/79 SEC 23
- -------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Olive Noble 146 171
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble 145 680
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble 139 393
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble 150 45
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble not record.
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble not record.
- ----------------------------------------------------------------------------------------------
Pipeline/Roadway Olive Noble not record.
- ----------------------------------------------------------------------------------------------
Pipeline Olive Noble 140 682
- ----------------------------------------------------------------------------------------------
Pipeline Richland/Buffalo Noble 351 693
- ----------------------------------------------------------------------------------------------
Pipeline Sharon Noble 143 138
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 146 410
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 143 799
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 146 412
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 147 523
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 148 315
- ----------------------------------------------------------------------------------------------
Pipeline Wayne Noble 143 800
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 945 1089
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 943 1014
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 947 1132
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 942 885
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 942 889
- ----------------------------------------------------------------------------------------------
Pipeline Freedom Portage 942 891
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 337
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 946 773
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 338
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 334
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 64
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 673
- ----------------------------------------------------------------------------------------------
Pipeline Windham Portage 947 336
- ----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 552 471
- ----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- ----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- ----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 79
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 24 of 26
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Bowers, Charles Leslie 7/17/78 SEC 13
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Plute, Martin F. Sr. Leslie 6/16/79 SEC 22
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Parker, Ambrose Leslie 1/5/80 SEC 23
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Willison, Hazel M. Leslie 5/17/78 SEC 21
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Aplin, Charles E. II Leslie 5/10/78 SEC 20
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Gardner, J. B. et al Leslie 6/6/78 SEC 12
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Nalle, Wayne Leslie 11/29/79 SEC 23
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Stocker Concrete Co. Leslie 3/10/80 SEC 9
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Stocker Concrete Co. Leslie 3/10/80 SEC 10
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Swartzentruber, Wm. J. Leslie 5/9/78 SEC 16
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Gardner, Richard Leslie 5/10/78 SEC 17
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Gardner, Richard Leslie 12/8/78 SEC 17
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Parker, Ray W. Leslie 12/12/78 SEC 24
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Dunlap, Pearley B. Leslie 8/12/78 SEC 8
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Hisrich, Thomas Zenith 9/9/78 SECS 9,12
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Morris, Walter Zenith 3/26/79 SEC 2
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Watson, Bertha Zenith 12/16/78 SEC 1
- --------------------------------------------------------------------------------------------------------------------------------
Compressor Coventry, Luella et ux Carless 10/2/90 SEC 4(ROGERS COMP.)
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Clark, Richard E. Zenith 3/1/79 SEC 23
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Logan Coal & Supply Leslie 4/5/77 LOT 30
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Wilson, Shirley Leslie 4/21/77 SEC 27
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Conwell, Thomas Leslie 12/13/78 SEC 2
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Long, John Leslie 10/13/78 SEC 19
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Edwards, Floyd Leslie 1/13/79 LOT 30
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Treat, Robert Leslie 11/6/78 LOT 37
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Glazer, Harold Leslie 6/3/78 SEC 35
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Garrettson, Lester Leslie 6/20/78 LOT 4
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Garrettson, Lester Leslie 11/20/78 LOT 4
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Clark, Henry Leslie 4/21/78 SEC 23
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Cradlebaugh, Charles Leslie 10/14/78 LOT 32
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Empire Coal Co. Leslie 11/6/78 LOTS 32, 38
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Bachtel, Harold Leslie 12/13/78 LOT 13
- --------------------------------------------------------------------------------------------------------------------------------
Pipeline Yoder, Enos Carless 6/16/87 SEC 22
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 552 471
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 554 97
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 554 100
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 539 618
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 539 617
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 544 592
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 544 593
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 543 21
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 542 66
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 546 463
- -----------------------------------------------------------------------------------------------
Pipeline Perry Tuscarawas 544 389
- -----------------------------------------------------------------------------------------------
Compressor Perry Tuscarawas 142 349
- -----------------------------------------------------------------------------------------------
Pipeline Rush Tuscarawas 545 833
- -----------------------------------------------------------------------------------------------
Pipeline Salem Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas not record.
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 543 20
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 545 807
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 543 892
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 540 39
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 539 886
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 545 806
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 539 616
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 543 347
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 543 891
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 545 124
- -----------------------------------------------------------------------------------------------
Pipeline Washington Tuscarawas 612 895
- -----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 80
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 25 of 26
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Drayer, Robert D. RSC Energy Corp. 1/17/84 LOTS 30,31
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline McDougle, Shirley W. RSC Energy Corp. 7/23/84 SEC 26
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Roher, Arthur U. RSC Energy Corp. 12/1/84 LOTS 3,4,29,30,33,34,35
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Finkel, Charles E. RSC Energy Corp. 8/2/84 LOT 3
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Jackson, Mildred I. RSC Energy Corp. 8/2/84 LOTS 2,3
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Ramsey, Rollie E. RSC Energy Corp. 8/4/84 LOTS 1,2,3,4
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Ford, Charles D. RSC Energy Corp. 1/12/84 LOT 20
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Strahler, Timothy H. RSC Energy Corp. 1/17/84 LOTS 65,66,828,834
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Flesher, William C. RSC Energy Corp. 1/14/84 LOTS 34,35,19,27,28
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Gorrell, David C. RSC Energy Corp. 1/12/84 LOTS 31,40
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Doebreiner, Dean C. RSC Energy Corp. 1/17/84 LOTS 65,66
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Neal R. RSC Energy Corp. 1/12/84 LOTS 19,20,27,28
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Douglas L. RSC Energy Corp. 1/19/84 LOTS 79,78
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Damon S. RSC Energy Corp. 1/19/84 LOT 5
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Curry, Bonnum G. RSC Energy Corp. 1/21/84 LOTS 40,837
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Schaad, Ralph RSC Energy Corp. 1/19/84 LOTS 26,27,34
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Martin, Kyle F. RSC Energy Corp. 1/19/84 LOT 42
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Whipkey, Charles E. RSC Energy Corp. 1/19/84 LOTS 5,78
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Brooks, Loring E. RSC Energy Corp. 1/19/84 LOT 22
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Gearhart, Ralph E. RSC Energy Corp. 7/18/84 LOTS 40,837,831, SEC 21
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Huck, Norbert R. RSC Energy Corp. 7/19/84 LOTS 67,73
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Miller, Wilfrid RSC Energy Corp. 7/19/84 LOT 21
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Sherlock, Robert L. RSC Energy Corp. 7/19/84 LOTS 21,13
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Hendershot, Jack W. RSC Energy Corp. 7/19/84 LOT 63
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Drayer, Kenneth R. RSC Energy Corp. 7/21/84 LOT 11
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Danker, Geza RSC Energy Corp. 7/24/84 SEC 21, LOTS 16,826,822
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Tornes, Earl J. RSC Energy Corp. 8/1/84 LOT 73
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Arnold, Joseph R. RSC Energy Corp. 8/6/84 LOTS 35,43
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Reed, John Paul RSC Energy Corp. 8/2/84 LOT 62
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Tornes, Anthony A. RSC Energy Corp. 8/18/84 LOT 69
- ----------------------------------------------------------------------------------------------------------------------------------
Roadway Gearhart. Ralph E. RSC Energy Corp 9/5/84 LOTS 831,837,40
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Finkel, Charles E. RSC Energy Corp. 12/19/84 LOTS 50,57
- ----------------------------------------------------------------------------------------------------------------------------------
Pipeline Huck, Charles D. LTV Steel 2/12/85 LOT 13
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Watertown Wahington 562 244
- ---------------------------------------------------------------------------------------------
Pipeline Palmer Washington 569 62
- ---------------------------------------------------------------------------------------------
Pipeline Waterford Washington 562 238
- ---------------------------------------------------------------------------------------------
Pipeline Waterford Washington 570 45
- ---------------------------------------------------------------------------------------------
Pipeline Waterford Washington 570 47
- ---------------------------------------------------------------------------------------------
Pipeline Waterford Washington 570 49
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 240
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 242
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 246
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 248
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 504
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 506
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 508
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 625
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 510
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 627
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 512
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 514
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 562 516
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 50
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 52
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 54
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 56
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 58
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 60
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 569 288
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 570 53
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 570 43
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 570 51
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 570 609
- ---------------------------------------------------------------------------------------------
Roadway Watertown Washington 570 611
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 574 306
- ---------------------------------------------------------------------------------------------
Pipeline Watertown Washington 575 264
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 81
<TABLE>
EXHIBIT "C"
GATHERING SYSTEMS
(ROW GRANTS, EASEMENTS, AGREEMENTS)
Attached to a Purchase and Sale Agreement between Kelt Ohio Inc. and North Coast Energy, Inc., dated _______, 1998 Page 26 of 26
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
TYPE GRANTOR GRANTEE DATED GENERAL
LOCATION
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Sampson, James L. Carless Resources 6/3/85 LOTS 28,29,18
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Gearhart, Ralph E. Carless Resources 9/26/85 LOTS 40,837,831, SEC 21
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Hysell, Alva Carless 4/16/87 LOT 26
- ---------------------------------------------------------------------------------------------------------------------------------
Roadway Schaad, Ralph Carless 4/16/87 LOT 27
- ---------------------------------------------------------------------------------------------------------------------------------
Pipeline Stollar, Dewey H. RSC Energy 7/27/84 LOTS 22,23,29,30,31
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
TYPE TWP. COUNTY VOL. PAGE
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pipeline Watertown Washington 578 577
- --------------------------------------------------------------------------------------------
Pipeline Watertown Washington 583 62
- --------------------------------------------------------------------------------------------
Pipeline Watertown Washington 601 239
- --------------------------------------------------------------------------------------------
Roadway Watertown Washington 601 241
- --------------------------------------------------------------------------------------------
Pipeline Watertown Washington 570 607
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 82
EXHIBIT "D"
CONTRACTS
Gas sales contract made and entered into as the 15th day of June 1997 by and
between LTV Steel Company, Inc. and Kelt Ohio, Inc.
Gas sales contract with Volunteer Energy Corporation
<PAGE> 83
KELT OHIO FIELD VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. USE
<S> <C> <C> <C> <C>
1981 Ford (1-Ton) 1FDJF37Z6BPB04040 PB910Y Welding Truck w/ Lincoln Welder
1986 Ford F-250 1FTEF26NXGLA71069 PB293F Tong Truck w/ Fifth Wheel
1986 Ford F-250 2FTEF26N1GCB50186 PW81J Roustabout Truck Tooled Out
1968 International Tractor Forklift 11717WZGG N/L Shop Forklift
1981 Champ Forklift Mod.-6B608 CC810361 N/L Shop Forklift
1980 Mack Tractor #1 R686ST33157 PK405J Five Axle w/ Winch
1980 Mack Tractor #2 R686ST65607 PW917Y Five Axle w/ Winch
1970 Mack Tractor #3 RS77SLST7363 Five Axle w/ Winch/Poles
1981 Mack Water Truck #1 1M2N187Y0BA001879 PW80J 60 BBL. Vacuum Truck
1981 Mack Water Truck #2 1M2P137Y5BA009777 P992EC 70 BBL. Vacuum Truck
1972 Mack Water Truck #3 R685ST27275 P993EC 60 BBL. Vacuum Truck
1979 Ford Swab - Rig #1 F61CFFE0317 N/L SD Swab Unit - 7500' 9/16" Line
1979 Ken./Skipco Service - Rig #2 167372 N/L DD Service Unit - 7500' 9/16" Line
1982 Int./Walker Neer Service Rig #4 1HTCF2674CHA2080 N/L DD Service Unit - 7500' 9/16" Line
1988 Ford F-600 Winch Truck #1 1FDNF60HXJVA07695 PW916Y Truck w/ Winch/Poles
1980 Chevy C70 Winch Truck #2 C17DSAV114299 PK402J Truck w/ Winch/Poles
1981 Chevy C60 Wireline Truck 1GBG7D1B3BV131192 PW914Y Cased/Open Hole Unit w/ Tools
1979 Ford Dump Truck F61CVDE1983 PK403J Single Axle Dump Trk. 8 Ton Cap.
1980 Power Trl. Unit With 3304 Cat N/A N/L Hydra. Unit - Tongs/Swivel
1976 International TD15 Dozer 4654 N/L TD-15 Dozer w/ winch
1984 Kamotsu D41A Dozer 6688 N/L D41A Dozer w/ winch -6 way Bld.
1994 Case 580 SK 4x4 BkHoe/Ldr JJG0182930 N/L 4 x 4 Loader Hoe w/ forks
1984 Ford Tractor C720846 N/L 4 x 4 w/ Bush Hog & Blade
1980 Ditch Witch R6510DD Trencher 653876 N/L Ditch Witch Trencher
1975 Allis Chalmers D Road Grader D-6353 N/L A. C. Road Maintainer
1985 Dodge 1 Ton 1B6MW342WFS602228 PB291F Flat Bed w/ 10 Bbl. Plastic Tank
1985 Miller Welder Trailer Mounted JB503976 N/L Pull behind Miller Welder
</TABLE>
Page 1 of 2
<PAGE> 84
KELT OHIO FIELD VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. USE
<S> <C> <C> <C> <C>
1978 JWS Trailer JWS-118 T240BU Tandem Axle w/ Rolling Tail Bd.
1972 Shop Made Drop Deck Trailer TR121574 TLE5764 Drop Deck Tandem Axle w/ RTB
1983 JWS Float Trailer JWS170 T241BU Single Axle w/ Rolling Tail Board
1980 Dickerson Lowboy D50TLBT113245 T239BU Tandem Axle w/ Hydralic Ramps
1981 Lufkin Trailer 1L01B4023B1058626 T333GX Tandem Axle w/ Rolling Tail Brd.
1981 Aztec Trailer 9676 T339GX Tandem Axle no Rolling Tail Brd.
1995 Backhoe Trailer DD587ASVE30328695 T785XA Tandem Axle w/ loading ramps
1968 Trailmobile Box Trailer E34481 N/L Storage/Parts Box Trailer Canfield
1980 SAI Office Trailer 1676F1050 N/L Mobile Home Off. Trailer Canfield
1970 Tandem Axle Box Trailer A1HV4299 N/L Storage/Parts Trailer Cambridge
1967 Fleetwood Trailer 53147 N/L Mobile Home Office Trailer A'ville
</TABLE>
Page 2 of 2
<PAGE> 85
OHIO VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. HOUSED
<S> <C> <C> <C> <C>
1994 Ford Ranger 1FTCR15X6RTA31490 P405GS OHIO
1985 Ford Ranger 1FTCR1157FUB63545 P416GS OHIO
1987 Ford F-350 2FTHF36L5HCA76693 P98ED OHIO
1987 Chevy Blazer S-10 1GHCT18R9H0177243 SDE062 OHIO
1984 Ford F-250 2FTEF26G1ECA23288 PB297F OHIO
1990 Ford F-250 1FTHF26H3LLA14505 PW911Y OHIO
1990 Ford F-250 1FTHF26HXLLB27027 PW912Y OHIO
1997 Ford Ranger 1FTDR15X5VPA48529 PAK5439 OHIO
1985 Ford F-250 Mech. Bed 1FTEF25N5FNA65975 PW909Y OHIO
1988 Ford Bronco II 1FMCU14T7JUA53649 SDE063 OHIO
1994 Ford F-250 1FTHF26H6RLA39309 PW82J OHIO
1988 Pontiac Bonneville (Black) 1G2HZ54C6JW242434 SDF164 OHIO
1988 Pontiac Bonneville (Red) 1GZHZ54CXJW240976 YCM830 OHIO
1986 Ford Tempo (Gold) 1FABP22X2GK15566 SDE391 OHIO
1997 Ford F350 1FTHF36G9VEA31345 PAB4612 OHIO
1986 Ford F-250 1FTEF26N4GLA71066 PB295F OHIO
1993 Ford F-250 2FTHF26H5PCA60868 PW908Y OHIO
1986 Ford F-250 2FTEF26HXGCB05502 PB298F OHIO
1988 Ford F-350 Mech. Bed 1FDKF38G5JKA96218 PW907Y OHIO
</TABLE>
<PAGE> 86
OHIO VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. HOUSED
<S> <C> <C> <C> <C>
1981 Ford (1-Ton) 1FDJF37Z6BPB04040 PB910Y OHIO
1986 Ford F-250 1FTEF26NXGLA71069 PB293F OHIO
1986 Ford F-250 2FTEF26N1GCB50186 PW81J OHIO
1968 International Tractor Forklift 11717WZGG N/L OHIO
1981 Champ Forklift Mod.-6B608 CC810361 N/L OHIO
1980 Mack Tractor #1 R686ST33157 PK405J OHIO
1980 Mack Tractor #2 R686ST65607 PW917Y OHIO
1970 Mack Tractor #3 RS77SLST7363 OHIO
1981 Mack Water Truck #1 1M2N187Y0BA001879 PW80J OHIO
1981 Mack Water Truck #2 1M2P137Y5BA009777 P992EC OHIO
1972 Mack Water Truck #3 R685ST27275 P993EC OHIO
1979 Ford Swab - Rig #1 F61CFFE0317 N/L OHIO
1979 Ken./Skipco Service - Rig #2 167372 N/L OHIO
1975 Chevy 1 Ton (Smeal) CCZ335J155712 N/L OHIO
1988 Ford F-600 Winch Truck #1 1FDNF60HXJVA07695 PW916Y OHIO
1980 Chevy C70 Winch Truck #2 C17DSAV114299 PK402J OHIO
1981 Chevy C60 Wireline Truck 1GBG7D1B3BV131192 PW914Y OHIO
1979 Ford Dump Truck F61CVDE1983 PK403J OHIO
1980 Power Trl. Unit With 3304 Cat N/A N/L OHIO
1976 International TD15 Dozer 4654 N/L OHIO
1984 Kamotsu D41A Dozer 6688 N/L OHIO
1994 Case 580 SK 4x4 BkHoe/Ldr JJG0182930 N/L OHIO
1984 Ford Tractor C720846 N/L OHIO
1986 Honda 4 Wheel ATV TRX JH3TE0601GC105485 N/L OHIO
1980 Ditch Witch R6510DD Trencher 653876 N/L OHIO
Allis Chalmers D Road Grader D-6353 N/L OHIO
1985 Dodge 1 Ton 1B6MW342WFS602228 PB291F OHIO
</TABLE>
<PAGE> 87
OHIO VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. HOUSED
<S> <C> <C> <C> <C>
1985 Miller Welder Trailer Mounted JB503976 N/L OHIO
1978 JWS Trailer (DA-RTB) JWS-118 T240BU OHIO
1972 Shop Made Drop Deck Trailer TR121574 TLE5764 OHIO
1983 JWS Float Trailer (SA-RTB) JWS170 T241BU OHIO
1980 Dickerson Lowboy w/ Hyd Rps D50TLBT113245 T239BU OHIO
1981 Lufkin Trailer (DA-RTB) 1L01B4023B1058626 T333GX OHIO
1981 Aztec Trailer (DA-NTB) 9676 T339GX OHIO
1995 Backhoe Trailer (DA-Ramps) DD587ASVE30328695 T785XA OHIO
1968 Trailmobile Box Trailer E34481 N/L OHIO
1980 SAI Office Trailer 1676F1050 N/L OHIO
1970 Tandem Axle Box Trailer A1HV4299 N/L OHIO
1967 Fleetwood Trailer 53147 N/L OHIO
</TABLE>
<PAGE> 88
OHIO VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. HOUSED
<S> <C> <C> <C> <C>
1982 Int./Walker/Neer Service-Rig #4 1HTCF2674CHA20808 N/L OHIO
1981 Walker/Neer Drilling - Rig #3 2274 N/L OHIO
1981 Holden Lowboy (DA-MP) HLB342251048 T337GX OHIO
1977 Case 450 Track Loader 3064185 N/L OHIO
1979 Dorsey Trailer (DA-NTB) 131828 T242BU OHIO
1971 Darby Float (DA-RTB) H800517 T336GX OHIO
1971 Darby Float (DA-RTB) H800516 T335GX OHIO
1965 Lufkin Trailer (DA-DH) 21012 T342GX OHIO
1978 Aztec Trailer (DA-NTB) 3867AZT OHIO
1988 Ford Tempo (Red) 2FAPP36XXJB127960 NSE382 California
1987 Jeep 1JCHR7817HT000892 SWP862 California
1988 Pontiac Bonneville (Red) 1G2HZ54C4JW242447 SDF163 California
1985 Dodge Van 2B7HB23TXFK280855 YNZ798 California
</TABLE>
<PAGE> 89
KELT OHIO DRILLING VEHICLE INVENTORY
<TABLE>
<CAPTION>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. USE
<S> <C> <C> <C> <C>
1981 Walker/Neer Drilling - Rig #3 2274 N/L Walker Neer 250-40 Drilling Rig
1981 Holden Lowboy HLB342251048 T337GX Emsco 550 w/Cat 379 Mud Pump
1977 Case 450 Track Loader 3064185 N/L Case Track Loader w/ Forks
1979 Dorsey Trailer 131828 T242BU Tandem Axle Work/Euip. Trailer
1971 Darby Float H800517 T336GX Tandem Axle Drill Pipe Trl. w/ RTB
1971 Darby Float H800516 T335GX Tandem Axle Drill Pipe Trl. w/ RTB
1965 Lufkin Trailer 21012 T342GX Tandem Axle Dog House/Light Plant
1978 Aztec Trailer 3867AZT Tandem Axle Drill Collar Trailer
</TABLE>
<PAGE> 90
CALIFORNIA VEHICLE INVENTORY
<TABLE>
YEAR DESCRIPTION SERIAL NUMBER LIC. NUM. HOUSED DRIVER
<S> <C> <C> <C> <C> <C>
1988 Ford Tempo (Red) 2FAPP36XXJB127960 NSE382 California Spare
1987 Jeep 1JCHR7817HT000892 SWP862 California Spare
1988 Pontiac Bonneville (Red) 1G2HZ54C4JW242447 SDF163 California Degenhart
1985 Dodge Van 2B7HB23TXFK280855 YNZ798 California C.D.
</TABLE>
<PAGE> 91
EXHIBIT "F" Page 1 of 2
EXCLUDED ASSETS
Attached to Purchase and Sale Agreement between Kelt Ohio Inc., and North
Coast Energy, Inc., dated__________, 1998.
KELT HOUSE & LOT
KELT HOUSE
DESCRIPTION:
Known as being Lot Number Forty-five (45) in Ridgewood Acres, Subdivision Number
Three (3) to said Township as the same is marked and delineated on the recorded
plat thereof in Volume 10, Pages 70 and 71.
DEED:
General Warranty Deed from Edward & Jacqueline Lech to Kelt Ohio Inc. dated
6/14/1989 Recorded in Guernsey County Deed Records in Volume 382, Page 633.
LOT
DESCRIPTION:
Known as Lot 44 in Ridgewood Acres Third Subdivision. This tract containing .42
acres more or less. detailed description found on Deed.
DEED:
General Warranty Deed from Edward & Jacqueline Lech to Kelt Ohio Inc. dated
5/9/89 Recorded in Guernsey County Deed Records in Volume 382, Page 3.
<PAGE> 92
EXHIBIT "F" Page 2 of 2
EXCLUDED ASSETS
Attached to Purchase and Sale Agreement between Kelt Ohio Inc., and North
Coast Energy, Inc., dated__________, 1998.
EQUIPMENT:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION SERIAL NUMBER LIC. NUM. USE
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
DRILLING RIG (RIG #3) 2274 N/L Walker Neer 250-40 (1981)
- ------------------------------------------------------------------------------------------------------------------------------------
MUD PUMP & TRAILER
--------------------------------------------------------------------------------------------------------------------------
1981 Holden Lowboy HLB342251048 T337GX Mudpump trailer
--------------------------------------------------------------------------------------------------------------------------
Emsco DB-550 (6"X16") Duplex 93 Mudpump
--------------------------------------------------------------------------------------------------------------------------
Cat. D379 68B5646 Power for Emcso
- ------------------------------------------------------------------------------------------------------------------------------------
AIR PACKAGE SKID #1 -- 4 - screw type compressors
--------------------------------------------------------------------------------------------------------------------------
Leroi 750 SDI-U/125 air comp. 393X367
--------------------------------------------------------------------------------------------------------------------------
Detroit 6V71 127610
--------------------------------------------------------------------------------------------------------------------------
Leroi 750 SDI-U/125 air comp. 393X368
--------------------------------------------------------------------------------------------------------------------------
Detroit 6V71 124448
--------------------------------------------------------------------------------------------------------------------------
Leroi 750 SDI-U/125 air comp. 393X375
--------------------------------------------------------------------------------------------------------------------------
Detroit 6V71 127403
--------------------------------------------------------------------------------------------------------------------------
Leroi 750 SDI-U/125 air comp. 393X376
--------------------------------------------------------------------------------------------------------------------------
Detroit 6V71 124441
- ------------------------------------------------------------------------------------------------------------------------------------
AIR PACKAGE SKID #2 -- Booster comp., soap pump, & soap tank.
--------------------------------------------------------------------------------------------------------------------------
Joy comp. WB12ADC 6"X7" 514144-82
--------------------------------------------------------------------------------------------------------------------------
Cat. D3406 9OU11606
--------------------------------------------------------------------------------------------------------------------------
Myers C20-8-15 triplex pump NA soap pump
--------------------------------------------------------------------------------------------------------------------------
Izuzu 3KR1 300167 power for soap pump
- ------------------------------------------------------------------------------------------------------------------------------------
DOG HOUSE TRAILER -- Dog house, diesel tank, light plant
--------------------------------------------------------------------------------------------------------------------------
1965 Lufkin Trailer 21012 T342GX Tandem Axle Float
--------------------------------------------------------------------------------------------------------------------------
Bear automatic driller 7176
--------------------------------------------------------------------------------------------------------------------------
1500 gas fuel tank
--------------------------------------------------------------------------------------------------------------------------
Cat. 60KW generator 5AA03044
--------------------------------------------------------------------------------------------------------------------------
Cat. 3304SR4 02B15277
- ------------------------------------------------------------------------------------------------------------------------------------
WORK TRAILER -- Float w/drum racks, tool boxes, etc.
--------------------------------------------------------------------------------------------------------------------------
1971Dorsey Trailer 131828 T242BU Tandem Axle 40 Ft. Float
- ------------------------------------------------------------------------------------------------------------------------------------
OTHER DRILLING RIG EQUIP.
--------------------------------------------------------------------------------------------------------------------------
1971 Darby Float w/RTB H800517 T336GX Tandem Axle Float, drill pipe trailer
--------------------------------------------------------------------------------------------------------------------------
1971 Darby Float w/RTB H800516 T335GX Tandem Axle Float, drill pipe trailer
--------------------------------------------------------------------------------------------------------------------------
1978 Aztec Float 3867AZT Tandem Axle Drill Collar Trailer
--------------------------------------------------------------------------------------------------------------------------
1977 Case 450 Track Loader 3064185 N/L Case Track Loader w/ Forks
--------------------------------------------------------------------------------------------------------------------------
Approx. 7000 Ft. 4" FH drill pipe
--------------------------------------------------------------------------------------------------------------------------
Approx. 22-4 1/2" XH drill collars
--------------------------------------------------------------------------------------------------------------------------
Misc. subs, XOVER Ect.
--------------------------------------------------------------------------------------------------------------------------
All Misc. spare parts for drill. Rig.
--------------------------------------------------------------------------------------------------------------------------
Dorlan 8 5/8" B.O.P.
--------------------------------------------------------------------------------------------------------------------------
Elevated Pipe Racks
--------------------------------------------------------------------------------------------------------------------------
Substructure and ramp.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 93
EXHIBIT "G" PAGE 1 OF 3
Seller's Disclosure Schedule
Attached to Purchase and Sale Agreement between Kelt Ohio Inc., and North
Coast Energy, Inc., dated__________, 1998.
1) Buried Fuel Tanks -- Located at the Cambridge Office and Yard, there are
believed to be four (4) buried fuel tanks. One tank (2000 gal) is currently
being used to store gasoline for use in Kelt vehicles, and is in compliance.
Very little is known ab
2) Logging Truck - Kelt Ohio Inc. owns and operates a logging truck. Associated
with this truck are Radioactive Sources and Explosives. In order to possess and
use these Sources and Explosives, licenses will need to be obtained.
- -- Radioactive License - The Radioactive sources are regulated by the Nuclear
Regulatory Commission (NRC), a Federal agency. The License process can take up
to 6 months.
- -- Explosives License - The Explosives are regulated by the Federal Bureau of
Alcohol, Tobacco & Firearms. A license will need to be obtained before Buyer can
possess and use the explosives. The Explosives license typically take
approximately a month
3) Consolidation Coal Lease
a) - Be aware that the 100% NRI's used for many of the "CR" Wells in Muskingum
County are subject to an advance royalty payment. The advance royalty was
established as a condition in the original June 26, 1977 Oil and Gas Lease
between Consolidation C
b) - Be aware that the Consol. Coal Lease requires approval from Consolidation
Coal Company before the lease can be assigned.
4) LTV gas contract - The gas purchase contract is between LTV Steel Company,
Inc. and Kelt Energy Inc., it has not been signed by both parties, and is due to
terminate at the conclusion of East Ohio June, 1998 Production Period, on or
about June 15, 199
5) Notices of Violation - Currently there are 5 wells subject to Notice of
Violation (NOV) from the Div. of Oil and Gas, ODNR. These are:
<TABLE>
<CAPTION>
WELL NAME NOV # ISSUE COMPLIANCE PROBLEM ACTION TAKEN BY KELT
DATE DATE
<S> <C> <C> <C> <C>
CR 422 (119 2 7696) 22197 4/2/92 5/30/97 PRODUCE OR PLUG APPLIED FOR P&A PERMIT, 3/28/98
CR 419 (119 2 7672) 22198 4/2/92 NONE PRODUCE OR PLUG WELL AWAITING COMPLETION IN CLINTON
LINDLEY #1 (059 2 2463) 22197 4/2/92 5/30/97 PRODUCE OR PLUG APPLIED FOR P&A PERMIT, 3/28/98
BUGOS #1 (059 2 2111) 22197 4/2/92 5/30/97 PRODUCE OR PLUG APPLIED FOR P&A PERMIT, 3/28/98
CARLISLE #1 (157 2 3074) 22197 4/2/92 5/30/97 PRODUCE OR PLUG P&A, PERMIT APPLIED FOR 3/28/98
</TABLE>
6) There are +/- 20 drums of "Polymer" located at the Peoli compressor site.
This "Polymer" was obtained by Stocker & Sitler Inc. on behalf of Republic Steel
Corp. in the late 1970's. Very little is know about this "Polymer".
<PAGE> 94
EXHIBIT "G" PAGE 2 OF 3
Seller's Disclosure Schedule (Jeopardy Leases)
7) JEOPARDY LEASES - These are leases that have shut in wells located on them.
The leases are considered jeopardy leases because there has been no production
for more than a year, and no shut in payments have been made.
Under strict terms of the leases, they may no longer be valid or may require
payment of back shut-in payments.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
LESSEE LESSOR DATE KELT LOCATION TWP
ACRE +/- SECTION
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
EVANS, HARRY ET UX McCullough Oil Inc. 10/3/68 90.0 4 Center
- ------------------------------------------------------------------------------------------------------------------------------------
FITZGERALD, CHARLES ET UX Canyon Petroleum Corp. 12/9/75 84.0 2 Center
- ------------------------------------------------------------------------------------------------------------------------------------
GRABLE, WALLACE B., ET UX Towner Petroleum 1/20/81 87.0 4 Center
- ------------------------------------------------------------------------------------------------------------------------------------
LANDMAN, JOHN ET UX Petro. Oil & Gas Co. 8/8/68 160.0 2 Center
- ------------------------------------------------------------------------------------------------------------------------------------
BETTS, DONALD ET UX D.B. Shaffer & Assoc. 10/31/80 118.0 11 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
BOND, CHARLES ET UX Eastern Oil & Gas 8/1/72 142.0 13,20,26 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
CASTEN, Earl et ux Quaker State 10/12/74 233.0 25,31 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
CRISLIP, JOHN ET UX D.B. Shaffer & Assoc. Inc. 11/17/80 105.0 17 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
HOWELL, CLARK ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 80.0 13 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
KUNKLE, GEORGE D.B. Shaffer & Assoc. Inc. 11/18/80 54.4 11 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
LAWSON, KENNETH ET UX Towner Petroleum 3/29/80 162.0 23,24 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
MALONE, EMERSON D.B. Shaffer & Assoc. Inc. 11/4/80 95.0 11 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
McELWAINE, JOSEPHINE Towner Petroleum 6/30/81 20.0 23 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
PULLEY, CHARLES ET UX D.B. Shaffer & Assoc. Inc. 10/30/80 60.0 29 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
REPIK, WILLIAM Superior Petroleum Services 7/3/80 170.0 9 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
RICHTER, OVAL ET AL D.B. Shaffer & Assoc. Inc. 11/26/80 51.0 11 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
SELLE, WILLIAM ET UX D.B. Shaffer & Assoc. Inc. 11/7/80 60.0 34 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
SHELLENBERGER, EMMETT D.B. Shaffer & Assoc. 11/8/80 75.0 35 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
SHEPHERD, HARRY ET UX East Ohio Gas 2/8/78 261.0 5,11 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
SUDDITH, JAMES ET UX D.B. Shaffer & Assoc. Inc. 11/4/80 70.0 25 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
SUNTHIMER, ROBERT ET UX D.B. Shaffer & Assoc. Inc. 11/10/80 67.0 30 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
TAYLOR, DALE ET UX D.B. Shaffer & Assoc. Inc. 11/18/80 57.0 2 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
TURBYFILL, LARRY ET UX Towner Petroleum 7/28/81 54.0 11/12 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
VANFOSSEN, FRED ET UX D.B. Shaffer & Assoc. Inc. 2/25/81 48.0 15 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
WARNER, THOMAS Towner Petroleum 3/4/80 103.0 17 Londonderry
- ------------------------------------------------------------------------------------------------------------------------------------
BEAN, EARL ET UX Mary Caroline Zavatone 7/9/68 200.0 21 Madison
- ------------------------------------------------------------------------------------------------------------------------------------
KRUEGER, BERNARD ET UX Towner Petroleum 12/13/80 140.0 9 Madison
- ------------------------------------------------------------------------------------------------------------------------------------
OLIVER, LELA C.T. Productions 6/6/77 180.0 5 Madison
- ------------------------------------------------------------------------------------------------------------------------------------
BANK ONE ET AL Towner Petroleum 8/20/82 208.0 10-Jun Madison/Jefferson
- ------------------------------------------------------------------------------------------------------------------------------------
NICHOLS, RAYMOND ET UX Mammoth Producing Corp. 2/1/73 198.0 1/21 Madison/Washington
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX D.B. Shaffer & Assoc. Inc. 12/4/80 80.0 25 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, HARRIS ET UX D.B. Shaffer & Assoc. Inc. 12/4/80 89.0 31 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL D.B. Shaffer & Assoc. Inc. 12/4/80 80.0 25 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, HAZEL D.B. Shaffer & Assoc. Inc. 12/4/80 89.0 31 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS D.B. Shaffer & Assoc. Inc. 12/4/80 80.0 25 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH, R. ELLIS D.B. Shaffer & Assoc. Inc. 12/4/80 89.0 31 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
WEAVER, ALBERT ET UX Enterprise Gas & Oil, Inc. 3/28/79 158.0 35 Oxford
- ------------------------------------------------------------------------------------------------------------------------------------
KEIFER, RICHARD ET UX Herb Polen 2/16/77 102.0 2,23 Richland
- ------------------------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR Herb Polen 4/11/77 125.0 2 Richland
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
COUNTY BOO PAG ASSOCIATED WELLS
<S> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 58 104 EVANS/KING USS #18(1986)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 75 503 FITZGERALD, C. #1(1921), LANDMAN/FITZGERALD UNIT #1(1990)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 89 69 EVANS/KING USS #18(1986)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 57 429 LANDMAN/FITZGERALD #1(1990)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 109 BETTS #1(3031), BETTS/TURBYFILL #1(3126)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 70 204 BOND #1(3308)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 73 834 CASTEN, E. #1(2154)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 247 CRISLIP, J. #6(3409)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 87 888 HOWELL, C. #1(3063)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 297 KUNKLE, G. #1(2932), KUNKLE/SHIPHERD/MALONE #1(3408)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 86 875 LAWSON, K. #2(3329)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 80 455 KUNKLE/SHEPHERD/MALONE #1(3408)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 90 242 GRAY/BRUBAKER/McELWAIN #1(3278)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 87 904 SHELLENBERGER/PULLEY #1(3254)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 87 736 REPIK, W. #1-9(3284)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 736 RICHTER/WARNER #1(3120)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 91 SELLE, W. #1(3064)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 279 SHELLENBERGER/PULLEY #1(3254), SHELLENBERGER, E. #1(3385)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 81 678 KUNKLE/SHEPHERD/MALONE #1(3408), SHEPHERD, H&E #1(3325)
- -------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 93 SUDDITH, J. #1(3136)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 283 SUNTHIMER, R. #1(3253)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 285 FERGUSON, D. #1(3387)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 90 818 BETTS/TURBYFILL #1(3126)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 89 575 VAN FOSSEN, F. #1(3405)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 86 502 RICHTER/WARNER #1(3120), WARNER, T. #1(3021)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 57 350 DEIOMA, K. #1(2933), DEIOMA, K. #2(3130)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 504 KRUEGER, B. #1(2992), KRUEGER, B. #2(3003)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 79 249 OLIVER, L. #2(2190)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 94 225 KUHN, R. #1(3464)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 71 374 NICHOLS, R. #1(1657)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 314 SMITH, H. #1(3065)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 306 SMITH, H. #2(3099)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 312 SMITH, H. #1(3065)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 302 SMITH, H. #2(3099)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 310 SMITH, H. #1(3065)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 91 304 SMITH, H. #2(3099)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 84 702 WEAVER, A. #1(3023)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 78 146 KEIFFER, R. #1(2068), KEIFFER, R. #2(3179)
- --------------------------------------------------------------------------------------------------------------------------
GUERNSEY 78 849 MURRAY, A. #1(2073), MURRAY, A. #2(3234)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 95
EXHIBIT "G" PAGE 3 OF 3
Seller's Disclosure Schedule (Jeopardy Leases)
7) JEOPARDY LEASES - These are leases that have shut in wells located on them.
The leases are considered jeopardy leases because there has been no production
for more than a year, and no shut in payments have been made.
Under strict terms of the leases, they may no longer be valid or may require
payment of back shut-in payments.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
LESSEE LESSOR DATE KELT LOCATION TWP
ACRE +/- SECTION
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
PERDUE, Lloyd, R. Stocker & Sitler Leasehold Corp. 6/23/65 15.8 3 Washington
- ------------------------------------------------------------------------------------------------------------------------------------
SHUGART, Dean A. Et. Ux. Stocker & Sitler Leasehold Corp. 6/22/65 187.7 3,4 Washington
- ------------------------------------------------------------------------------------------------------------------------------------
BUGOS, EDWARD ET UX Mary Caroline Zavatone 6/15/68 157.0 8 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
HARPER, JOHN ET UX Towner Petroleum 3/5/80 124.0 LOT 5 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
HITCHCOCK, RUTH Adams Well Service 3/7/77 167.0 6 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
HOSFELT, MARGARET Mary Caroline Zavatone 6/15/68 274.0 6,7,14 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
LAUGHMAN, HARRY ET UX Mary Caroline Zavatone 6/1/68 107.0 8 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
WINN, LOUIS ET UX D.B. Shaffer & Assoc. Inc. 11/24/80 122.0 LOT 4,3 Wills
- ------------------------------------------------------------------------------------------------------------------------------------
MURRAY, ARTHUR ET UX D&G Oil & Gas Co. 5/31/72 73.0 6,12 Freeport
- ------------------------------------------------------------------------------------------------------------------------------------
NALLE, WAYNE ET UX Towner Petroleum 11/16/82 88.0 17 Freeport
- ------------------------------------------------------------------------------------------------------------------------------------
RIGGS, E. BAIR Eastern Gas & Oil Inc. 5/12/77 160.0 22 Freeport
- ------------------------------------------------------------------------------------------------------------------------------------
WELLS, Vernon Et. Ux. Stocker & Sitler Corporation 4/24/78 70.8 35 Freeport
- ------------------------------------------------------------------------------------------------------------------------------------
BOY SCOUTS OF AMERICA Phillips Petroleum Company 3/18/74 320.0 33,34 Nottingham
- ------------------------------------------------------------------------------------------------------------------------------------
STEWART, MARY ET UX R. Gene Brasel 3/5/69 235.0 29,30 Nottingham
- ------------------------------------------------------------------------------------------------------------------------------------
BELL, EDWARD LLOYD ET UX R. Gene Brasel 3/10/69 148.0 11 Washington
- ------------------------------------------------------------------------------------------------------------------------------------
MUSK. WATER CONSERV. DIST. Phillips Petroleum Company 3/18/74 640.0 17 Washington
- ------------------------------------------------------------------------------------------------------------------------------------
HARPER, RUTH East Ohio Gas Co. 1/22/74 13.0 36 Olive
- ------------------------------------------------------------------------------------------------------------------------------------
BURNS, ROBERT ET UX Herb Polen 2/1/77 246.0 5,7,8 Wayne
- ------------------------------------------------------------------------------------------------------------------------------------
BRAWLEY, James H Warren Energy Inc. 3/22/77 40.0 LOT 18 Palmyra
- ------------------------------------------------------------------------------------------------------------------------------------
BUTERBAUGH, William C Northeastern Operating Co. 11/13/76 64.0 LOT 24 Palmyra
- ------------------------------------------------------------------------------------------------------------------------------------
KIRSCHNER, William W Northeastern Operating Co. 11/12/76 40.0 LOT 23 Palmyra
- ------------------------------------------------------------------------------------------------------------------------------------
ANDRELLA, Jerome M Warren Energy Inc. 1/7/77 36.8 LOT 33 Paris
- ------------------------------------------------------------------------------------------------------------------------------------
HARRIS, Robert et ux Warren Energy Inc. 3/24/77 94.0 LOT 32 Paris
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERT, Terry C Warren Energy Inc. 12/14/76 23.1 LOT 33 Paris
- ------------------------------------------------------------------------------------------------------------------------------------
OHIO WATER SERVICE C.E. Beck 3/1/77 180.0 LOT 29 Hartford
- ------------------------------------------------------------------------------------------------------------------------------------
AUMAN, Dean E. Stocker & Sitler Leasehold 4/16/79 1.0 12,19 Dover
- ------------------------------------------------------------------------------------------------------------------------------------
AUMAN, George F. G. R. Stocker 5/19/84 44.4 12,19 Dover
- ------------------------------------------------------------------------------------------------------------------------------------
AUMAN, Thurlow E. Stocker & Sitler Leasehold 4/16/79 6.9 12,19 Dover
- ------------------------------------------------------------------------------------------------------------------------------------
DIETZ, Emily N Stocker & Sitler Leasehold 1/16/79 66.0 8 Dover
- ------------------------------------------------------------------------------------------------------------------------------------
CARLISLE, William S., et ux Vescorp Industries, Inc. 6/10/77 40.0 22 Perry
- ------------------------------------------------------------------------------------------------------------------------------------
LYON, Floy F., et ux Vescorp Industries, Inc. 5/5/77 160.0 19 Perry
- ------------------------------------------------------------------------------------------------------------------------------------
RIDDLE, Samuel E., et ux Leslie Oil and Gas Co. 10/26/78 63.5 18 Perry
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
COUNTY BOO PAG ASSOCIATED WELLS
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 55 230 PERDUE UNIT #2(2585)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 55 223 EMERY UNIT #2(2586)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 57 340 BUGOS #1(2111)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 86 506 HARPER/DEIOMA #1(2919)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 78 422 HITCHCOCK, R. #1(2108), HOSFELT/HITCHCOCK #1(2109)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 57 312 HOSFELT/HITCHCOCK #1(2109)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 57 338 LAUGHMAN, H. #1(2113)
- ------------------------------------------------------------------------------------------------------------------------
GUERNSEY 88 343 WINN, L. #1(3066)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 51 405 PLOTTS/MURRAY #1(533)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 67 363 NALLE, W. #1(600)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 57 10 RIGGS, E. #2(542)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 58 662 WELLS, V. #1(358)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 49 81 BOY SCOUTS #1(303)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 47 591 CADIZ SEED(305)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 47 531 BELL, E. #1(304)
- ------------------------------------------------------------------------------------------------------------------------
HARRISON 54 75 MWCD #1(307), MWCD #2(306)
- ------------------------------------------------------------------------------------------------------------------------
NOBLE 75 861 JENKINS/HARPER #1(1810)
- ------------------------------------------------------------------------------------------------------------------------
NOBLE 79 643 BURNS, R. #1(2039)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 88 382 BRAWLEY, J. #1(1059)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 92 143 BUTERBAUGH, W. #1(1432)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 87 674 KIRSCHNER, W. #1(1431)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 90 1176 ADRELLA/NEUBERT #1(1401)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 88 378 HARRIS, R. #1(723), HARRIS, R. #2(1462)
- ------------------------------------------------------------------------------------------------------------------------
PORTAGE 90 1178 ADRELLA/NEUBERT #1(1401)
- ------------------------------------------------------------------------------------------------------------------------
TRUMBULL 99 879 OHIO WATER SERVICE #3(681)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 104 358 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 67 159 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 104 418 AUMAN UNIT #1(3319)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 103 813 DIETZ UNIT #1(3144)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 99 440 CARLISLE, W. #1(3074)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 99 446 LYON, F. #1(3321)
- ------------------------------------------------------------------------------------------------------------------------
TUSCARAWAS 103 101 RIDDLE, S. #1(3247)
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 96
EXHIBIT "H"
DEED, ASSIGNMENT AND BILL OF SALE
KNOW ALL MEN BY THESE PRESENT:
That the undersigned, Kelt Ohio Inc., a Delaware Corporation, formerly
Carless Resources, Inc., with principal offices at 5748 Glen Highway, P.O. Box
1478, Cambridge, Ohio 43725 ('ASSIGNOR'), for Ten Dollars ($10.00) and other
valuable consideration, cash in hand paid by North Coast Energy, Inc., a
Delaware Corporation with principal offices at 1933 Case Parkway, Twinsburg,
Ohio 44087-2343 ('ASSIGNEE'), the receipt and sufficiency of which is hereby
acknowledged, and in pursuance of that certain Purchase and Sale Agreement
between ASSIGNOR and ASSIGNEE dated April, 1998 (the 'AGREEMENT), has and does
hereby sell, transfer, assign and convey unto ASSIGNEE, without warranty of
title except as expressly set out in the Agreement, all of ASSIGNOR'S right,
title and interest in the following assets ("ASSETS' or 'PROPERTY"), to wit:
1. The real property described in Exhibit "A' attached hereto
and made a part hereof ('Real Property);
2. The oil and gas leasehold estates as set forth in Exhibit "B"
attached hereto and made a part hereof ('Leasehold Property);
3. The wells, equipment and facilities, as may exist at Closing
which are located on, or used directly in connection with, the
production, treatment or transportation of oil and gas from the
Leasehold Property;
4. The collection, gathering and transmission pipelines owned and
used for the gathering of natural gas and constituent liquids
and the facilities and equipment used on connection therewith,
including the easements, rights-of-way, Permits, licenses,
surface leases, agreements, and servitudes as set forth in
Exhibit "C" attached hereto and made a part hereof ("Gathering
Systems");
5. The contracts for the purchase, sale, transportation or
processing of natural gas into, through and from the Gathering
Systems, as described in Exhibit "D" attached hereto and made a
part hereof;
6. The rolling stock, equipment, machinery, and tools as set forth
in Exhibit "E" attached hereto; and
7. The deemed quantity of liquid hydrocarbons held in the storage
tanks, as provided by Section 2.3.1 of the Agreement.
Except as expressly set out in the Agreement, all of the Assets
transferred hereunder are sold "as is, where is and with all faults as to all
matter'.
<PAGE> 97
The terms and provisions of the Agreement are incorporated herein and
made a part hereof by reference. The Assets are transferred subject to assumed
general liabilities and assumed environmental liabilities as provided by the
Agreement.
This Deed, Assignment and Bill of Sale Is effective as of 12:01 a.m.,
April 8, 1998, E.S.T., except as otherwise provided by the Agreement for
measurement and allocation purposes.
IN WHEREOF this instrument is executed by the ASSIGNOR this _____ day
of _____, 1998.
Kelt Ohio Inc.
A Delaware Corporation
By:
-----------------------
Title:
--------------------
ACCEPTANCE
The foregoing Deed. Assignment and Bill of Sale is accepted by the ASSIGNEE this
___day of , 1998.
- --
-----------------------------
A
----------------------------
By:
--------------------------
Title:
-----------------------
STATE OF OHIO)
)SS:
COUNTY OF ___)___
BE IT REMEMBERED that on ____ day of ____1998, before me, a Notary
Public, in and for the County and State aforesaid, came of Kelt Ohio Inc., a
corporation incorporated and existing under and by virtue of the laws of the
State of Delaware, and who is personally known to me to be the same person who
executed, as such officer, the within instrument of writing on behalf of said
corporation, and such person duly acknowledged the execution of the same to be
the act and deed of said corporation.
<PAGE> 98
IN TESTIMONY WHEREOF, I have hereunto set my hand and my official seal
the day and year last above written.
-----------------------
Notary Public
My Appointment Expires:
- ---------------------
STATE OF_________)
)SS:
COUNTY OF________)
BE IT REMEMBERED that on this ______ day of ______, 1998, before me, a
Notary Public, in and for the County and State aforesaid, came _________,
__________ of ____________, a corporation incorporated and existing under and by
virtue of the laws of the State of _ , and who is personally known to me to be
the same person who executed, as such officer, the within instrument of writing
on behalf of said corporation, and such person duly acknowledged the execution
of the same to be the act and deed of said corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year last above written.
-----------------------
Notary Public
My Appointment Expires:
- ---------------------
STATE OF_________)
)SS:
COUNTY OF________)
<PAGE> 1
Exhibit 7(c)(b)
Ratification and Amendment to Purchase and Sale Agreement
This Ratification and Amendment to the Purchase and Sale Agreement
dated April 8, 1998 by and between Kelt-Ohio, Inc. as Seller and North Coast
Energy, Inc. as Buyer is entered into this 12th day of May 1998. Kelt-Ohio, Inc.
(hereinafter referred to as Kelt) is a Delaware corporation, with an office at
5748 Glenn Highway, Cambridge, Ohio 43725 and North Coast Energy, Inc. is a
Delaware corporation, (hereinafter referred to as "NCE"), with offices at 1993
Case Parkway, Twinsburg, Ohio 44087.
Recitals
Whereas, on or about April 20, 1998, NCE served Kelt with a notice of
termination of the subject Purchase and Sale Agreement pursuant to the
provisions of Sections 14.1.2, 8.2.2 and 12.3 of said Agreement, and NCE
subsequently received from the escrow agent, Huntington National Bank, a return
of its One Million Dollar deposit, and
Whereas, Kelt and NCE have, since the issuance and receipt of the
notice of termination conducted further negotiations aimed at addressing various
concerns of NCE's Board of Directors, and the parties now desire to proceed,
subject to the terms and conditions of this Ratification and Amendment, with the
consummation of the transaction and to memorialize the resolution of those
issues considered by NCE's Board of Directors.
Now, Therefore, for and in consideration of the covenants and
agreements contained herein, Kelt and NCE agree as follows:
SECTION 1 - Continuing Validity
As of and effective with the ensealing of this Ratification and
Amendment, the Notice of Termination dated April 20, 1998, is hereby withdrawn
and rescinded by NCE and the Purchase and Sale Agreement dated April 8, 1998, as
amended, is considered to be in full force and effect, and subject to amendatory
provisions herein contained, is ratified, readopted and affirmed by both Kelt
and NCE.
SECTION 2
2.1.4 Exhibit "C" Gathering Systems is amended to include the attached schedule
of rights of way and easements with grantor information as a supplement to the
existing description by way of map exhibit.
2.1.5 Exhibit "D" Contracts is amended to specifically incorporate by reference
that certain agreement made and entered into as of the 15th day of June 1997 by
and between LTV Steel Company, Inc., a New Jersey Corporation, therein referred
to as Buyer and Kelt-Ohio, Inc., a Delaware corporation, therein referred to as
Seller. Paragraph 4 of Exhibit "G" is also amended accordingly.
2.1.6 Exhibit "E" is amended to include as supplemental assets the 1981 Walker
Neer 250-40 Drilling Rig and attendant assets, all of which were previously
designated as "Excluded Assets" and set forth on page 2 of 2 of the previous
Exhibit "F." Page 2 of 2 of the former Exhibit "F" is hereby redesignated as
page 5 of Exhibit E, Rolling Stock, Equipment, Machinery, and Tools.
2.2.5 Exhibit "F" is amended (i) to delete the previous page 2 of 2, which has
been redesignated pursuant to the foregoing amendment to Section 2.1.6 and
Exhibit "E", and (ii) to add as Excluded Assets the computer hardware and
software itemized on the attached Amendment Exhibit, being a facsimile
transmission of this date from Kelt Energy, Inc.
<PAGE> 2
2.2.6 The section is amended to include a reference to and attachment of a new
Exhibit "K", being a description of the real estate located at 5748 Glen
Highway, Cambridge, Ohio.
e) The subsection is amended to clarify that any purchase made by NCE pursuant
to the referenced option shall include the real estate described on Exhibit "K"
attached hereto and made a part hereof, along with all building contents unless
otherwise specified as an Excluded Asset under Section 2.2, as amended. In the
event that NCE should decline to exercise its option to purchase the referenced
real estate, it shall nevertheless be entitled to remove from the premises any
property that is either considered an Asset under Section 2.1 or that has been
brought onto the premises by NCE since the Effective Date. For purposes of
removal of its property in the event of a refusal to purchase the office
building and site, NCE shall be granted a holdover tenancy of thirty (30) days
in which to relocate its property.
2.3.1 The subsection is amended to delete the requirement of a cash settlement
for the value of Ten Thousand (10,000) barrels of crude oil. For purposes of
this amendment, the parties have agreed, and by these presents do agree to
consider the removal from the storage tanks of recoverable liquid hydrocarbons
accomplished as of the Effective Date. Any crude oil or other liquid hydrocarbon
remaining in the tanks on or after the Effective Date shall be considered the
property of NCE and there shall be no cash settlement due and owing to Kelt.
2.3.2 (ii) It has been represented that the "interim reading of such COH meters"
did not occur as originally planned and the last sentence of this subsection is,
accordingly, amended to provide that "Buyer shall be entitled to recover the
proceeds of such natural gas transported for sale on or after the Effective
Date, likewise subject to applicable taxes, third party interests and
transportation costs pertaining to such natural gas revenues."
SECTION 3
3.1 Purchase Price: The Purchase Price for the Assets due as of the Effective
Date, but payable at the time of Closing, shall be $16,000,001.00 ("Purchase
Price"), payable in United States currency (Sixteen Million and One United
States Dollars).
3.2 Payment Procedures
3.2.1 Kelt and NCE acknowledge that the provisions of this section were
originally complied with, that NCE received a return of its earnest money
deposit and that upon amendment and ratification of the Purchase and Sale
Agreement it is agreed that there shall be no earnest money deposit.
3.2.2 At Closing, NCE shall pay to Kelt the Purchase Price and any Cash
Settlement as therein provided.
3.2.3 Interest. Providing Closing occurs, NCE shall pay Kelt interest at the
Interest Rate on the Purchase Price from the Effective Date to the Closing Date.
3.3 (ii) The subsection is deleted in accordance with the foregoing amendment to
subsection 2.3.1.
3.4 Escrow. This section is deleted in its entirety as it concerns the conduct
of the parties on or after the date hereof, but not before.
SECTION 4
4.1 The title due diligence period is amended to continue until the date of
Closing specified in Section 17.2 of the Agreement, as amended.
<PAGE> 3
SECTION 5
5.2 It is agreed that the Environmental Review or Due Diligence Period has
expired with no environmental grounds for termination having been asserted by
NCE. This acknowledgment is made by NCE without any waiver of the warranty
contained in Section 5.8 of the Agreement.
SECTION 8
8.2.2 For purposes of this amendment, Kelt and NCE acknowledge the satisfaction
of all requisite corporate acts and proceedings that are conditions precedent to
the consummation of the transaction with the exception of the title due
diligence review provided for in Section 4.1, as amended
SECTION 10
10.3(i) Authorization. The subsection is hereby amended to provide for the
approval of the execution of this Agreement by the Board of Directors of NCE by
May 11, 1998.
SECTION 12
12.3 NCE agrees to waive the employee retention issue as of the execution of
this Ratification and Amendment and acknowledges the satisfaction of this
particular due diligence matter.
SECTION 14
14.1.2 This subsection is amended to read "by Buyer under the provisions of
Section 4.4."
14.2.1 and 14.2.2 These subsections are amended to delete the references to the
escrow agent and its responsibilities. In all other respects the provisions of
these subsections shall remain the same.
SECTION 17
17.2 Place and Date: Closing shall occur at a mutually agreeable location in
Twinsburg, Ohio on or before May 29th, 1998, ("Closing Date").
<PAGE> 4
In Witness Whereof, the Parties have executed this Ratification and
Amendment as of the 12th day of May, 1998.
Signed and Acknowledged
In the Presence of: Kelt-Ohio, Inc.
/s/ Stacy M. St. Clair BY: /s/ Roland Fox
- ---------------------- ---------------
Roland Fox, President
/s/ Gary L. Hursey
- ------------------
WITNESSES
North Coast Energy, Inc.
/s/ Tim Wagers BY: /s/ Garry Regan
- -------------- ----------------
Garry Regan, President
/s/ Richard F. Campola
- ----------------------
WITNESSES
STATE OF OHIO )
COUNTY OF Gurensey) SS: CORPORATE ACKNOWLEDGMENT
BEFORE ME, a Notary Public, in and for said County and State, on this
12TH day of MAY, 1998, personally appeared ROLAND FOX, to me known to be the
identical person who subscribed the name of Kelt, A Delaware Corporation, to the
foregoing instrument as its PRESIDENT, and acknowledged to me that ___he
executed the same as her/his free and voluntary act and deed and as the free and
voluntary act and deed of such corporation for the uses and purposes therein set
forth.
Thomas A. Hill
--------------
Notary Public
My Appointment Expires:
Thomas A. Hill Attorney at Law
- ------------------------------
Notary Public - State of Ohio
My Commission Has No Expiration Date
Sec. 147.03 O.R.C.
<PAGE> 5
STATE OF OHIO )
COUNTY OF SUMMIT) SS: CORPORATE ACKNOWLEDGMENT
BEFORE ME, a Notary Public, in and for said County and State, on this
12TH day of MAY, 1998, personally appeared GARRY REGAN, to me known to be the
identical person who subscribed the name of NCE, A Delaware Corporation, to the
foregoing instrument as its PRESIDENT, and acknowledged to me that ___he
executed the same as her/his free and voluntary act and deed and as the free and
voluntary act and deed of such corporation for the uses and purposes therein set
forth.
Thomas A. HIll
--------------
Notary Public
My Appointment Expires:
Thomas A. Hill, Attorney at Law
- -------------------------------
Notary Public - State of Ohio
My Commission Has No Expiration Date
Sec. 147.03 O.R.C.
This Instrument Prepared By:
NORTH COAST ENERGY, INC.
1993 Case Parkway
Twinsburg, Ohio 44087
<PAGE> 6
ASSUMPTION AGREEMENT
This Assumption Agreement is by North Coast Energy, Inc., a Delaware
Corporation ('Buyer), in favor of Kelt Ohio Inc., a Delaware Corporation
("Kelt").
WHEREAS, pursuant to a Purchase and Sale Agreement dated 8 April, 1998
as amended by a Ratification and Amendment to Purchase and Sale Agreement dated
12 May, 1998 (the "Agreement") between Buyer and Kelt, Kelt agreed to sell,
transfer and assign all of its interests in real estate, leasehold property,
gathering systems, easements, rights-of-way, contracts, rolling stock, equipment
and other assets and property as more fully defined by the Agreement (the
"Assets") and conveyed this date by Kelt to Buyer pursuant to Deed, Assignment
and Bill of Sale; and,
WHEREAS, pursuant to the Agreement Buyer has agreed to assume general
liabilities and environmental liabilities pertaining or relating to the Assets,
and the parties have agreed to memorialize the assumption contemporaneously with
closing of the Agreement and the delivery of the Deed, Assignment and Bill of
Sale from Kelt to Buyer.
NOW, THEREFORE, pursuant to die express terms of the Agreement, and in
consideration of the mutual covenants and agreements therein made and contained,
the sufficiency of which are hereby acknowledged, it is agreed by and between
the parties as follows:
1. ASSUMED GENERAL LIABILITIES. Except as otherwise specifically set forth in
the Agreement and subject in particular, but without limitation, to Section 2.5
thereof, Buyer shall assume and discharge all duties, liabilities and
obligations, whether arising from activities on and after the Effective Date,
relating to the Assets, including, but not limited to, all applicable valid
recorded and unrecorded agreements, contracts and instruments, including" but
not limited to the agreements and contracts described in the Agreement, and all
duties imposed by governmental laws and regulations. Buyer shall defend,
indemnify and hold harmless Kelt, its successors, assigns, affiliates, officers,
directors and stockholders against, and in respect of, any and all damages,
claims, losses, liabilities and expenses, including without limitation,
reasonable legal, accounting and other expenses which may arise from the ASSUMED
Liabilities.
2. ASSUMPTION OF ENVIRONMENTAL LIABILITIES. Except as otherwise specifically set
forth in the Agreement and subject in particular, but without limitation to
Section 5.8 thereof any and all Environmental Liabilities for operations on, or
conditions on, relating to or arising from the Assets, whether relating to or
arising from activities before or after the Effective Date, shall be assumed and
discharged by Buyer. It is agreed that, in addition to the defined terms and not
exclusive of the meaning of such defined terms, the following are included as
Environmental Liabilities assumed by Buyer hereunder: (i) the presence of
adverse physical conditions; (ii) the duty to plug, abandon, remove or cleanup
such conditions including but not limited to oil, gas, injection, water or other
wells, sumps, landfills, pits ponds, tanks, impoundments, foundations,
pipelines, and structures and equipment of any kind or description, whether
known or unknown or whether or not revealed by Buyer's investigation; and (iii)
the restoration of the Assets and surface of the land as may be required under
applicable Legal Requirements including but not limited to any lease, easement
or similar legal instrument. As of the Effective Date, all responsibility and
liability related to all such conditions, whether known or unknown, is
transferred from Kelt to Buyer. Buyer shall defend, indemnify and hold harmless
Kelt, its successors, assigns, affiliates, officers, directors and stockholders
against, and in respect of, any and all damages, claims, losses, liabilities and
expenses, including without limitation, reasonable legal, accounting and other
expenses which may arise from the Assumed Environmental Liabilities.
3. DEFINITIONS. For purposes of this Agreement the terms "Environmental
Liabilities" and "Environmental Laws" have the meanings set forth in the
Agreement.
4. EFFECTIVE DATE. This Agreement is effective for all purposes as of 12:01 a.m.
E.S.T. April 8, 1998, except as otherwise provided by the Agreement with respect
to measurements and allocations.
<PAGE> 7
5. BINDING EFFECT. This Agreement shall be binding upon, and shall inure to the
benefit of, the parties hereto, their successors and assigns.
IN WITNESS WHEREOF this Assumption Agreement is executed by the parties
this _____ day of _______, 1998.
"Kelt" "Buyer"
Kelt Ohio Inc.
--------------------------
A Delaware Corporation A
-------------------------
By: By:
Title: Title:
STATE OF OHIO)
) SS:
COUNTY OF ___)
<PAGE> 8
BE IT REMEMBERED that on this ___ day of ____, 1998, before me, a Notary
Public, in and for the County and State aforesaid, came ___________, ___________
of Kelt Ohio Inc., a corporation incorporated and existing under and by virtue
of the laws of the State of Delaware, and who is personally known to me to be
the same person who executed, as such officer, the within instrument of writing
on behalf of said corporation, and such person duly acknowledged the execution
of the same to be the act and deed of said corporation.
IN TESTIMONY WHEREOF, I have hereunto set my official seal the day and
year last above written.
---------------------
Notary Public
My Appointment Expires:
- ---------------------
STATE OF OHIO)
) SS:
COUNTY OF ___)
BE IT REMEMBERED that on this ___ day of ____, 1998, before me, a Notary
Public, in and for the County and State aforesaid, came ___________, ___________
of _______________, a corporation incorporated and existing under and by virtue
of the laws of the State of _________, and who is personally known to me to be
the same person who executed, as such officer, the within instrument of writing
on behalf of said corporation, and such person duly acknowledged the execution
of the same to be the act and deed of said corporation.
IN TESTIMONY WHEREOF, I have hereunto set my official seal the day and
year last above written.
<PAGE> 9
Date: May 1998
EXHIBIT "J"
KELT ENERGY, INC. ("KEI") GUARANTY
WHEREAS (A) On the _____ day of April 1998 KEI's subsidiary Kelt Ohio,
Inc. ("KOI") entered into a Purchase and Sale Agreement (the
("Agreement") with North Coast Energy, Inc. ("North Coast")
relating to the purchase of certain assets of KOI (as more
particularly set out in the Agreement).
(B) It is a condition of Closing that this Guaranty be provided.
NOW THEREFORE IT IS AGREED as follows:
1. In consideration of the sum of $10 and other good and
valuable consideration, the receipt of which is hereby
acknowledged, KEI hereby guarantees to North Coast full and
timely performance by KOI of all its obligations under the
Agreement.
2. The obligations of KEI hereunder shall not be affected by any
modification to the Agreement, any waiver of rights thereunder
or any liquidation, insolvency or dissolution of KOI.
3. This Guaranty shall be governed by and interpreted in
accordance with the laws of the state of Ohio.
-----------------
Kelt Energy, Inc.
<PAGE> 10
KELT OHIO INC.
EXHIBIT "K"
Description of Real Property
Situated in the Township of Adams, County of Guernsey, State of Ohio and being
1.984 Acres more or less in the Northeast Quarter of Section 21, Township 2
North, Range 4 West of the United States Military land Survey and being more
particularly described as follows:
Commencing at the Northwest corner of the Northeast Quarter of Section 21,
Thence with the welt line of the Northeast Quarter of Section 21, S 06' 43'
00"'W, a distance of 2243.50 feet to a point on the south right of way line of
US 40, Thence with the south line of US 40, N 89(degree) 15' 00" E, a distance
of 1101.33 feet to an "X" mark found on a concrete curb the BEGINNING: Thence
with the south line of US 40 N 89(degree) 15' 000' E, a distance of 389.72 feet
to an iron pin set, Thence with the lands of now or formerly Ruth B. Dakin as
found in volume 329, Page 19 of the deed records of Guernsey County, Ohio S
08(degree) 46' 34" E, a distance of 263.74 feet to an iron pin found (having
passed through an iron pin found at 14.01 feet); Thence with the north right of
way line of the B.& O. Railroad N 86(degree) 51' 36'W, a distance of 307.00 feet
to an iron pin act, Thence with the lands of now or formerly Dwayne Ross as
found in volume 301, page 662 of the deed records of Guernsey County, Ohio N
27(degree) 19' 54" W, a distance of 268.74 feet to the place of beginning and
containing 1.984 acres more or less and being all the property conveyed in
volume 323, page 713 of the deed records of Guernsey County, Ohio
Subject to all easements and lease of public record.
Iron pins set are 5/8 inch rebar 30 inches long capped SPILKER LS 5862.
Bearings are magnetic and for angle purposes only.
A survey of the above described property was made by Joseph T. Spilker, a
Registered Surveyor #S-5862 on March 28, 1988.
<PAGE> 11
Kelt Energy Inc.
The following items, located at the Cambridge office, should be considered as
excluded from the sale.
<TABLE>
<S> <C> <C>
COMPUTER HARDWARE Printer HP5si
- -----------------
PC's x2 Stone Pentium 133 (currently used
by Lisa/Amy)
COMPUTER SOFTWARE SOGAS accounting software
- -----------------
Commander budgeting software
OGRE production database*
ADP payroll software
</TABLE>
*a copy of Ohio production has been provided.
<PAGE> 1
Exhibit 7(c)(c)
FIRST AMENDMENT TO CREDIT AGREEMENT
DATED MAY 29,1998
BETWEEN
NORTH COAST ENERGY, INC. ("BORROWER")
AND
ING (U.S.) CAPITAL CORPORATION, AS AGENT
AND CERTAIN FINANCIAL INSTITUTIONS, AS LENDERS
Document List
The following documents are required under the terms of the First Amendment to
Credit Agreement dated May 29, 1998 (the "First Amendment"), which amends that
certain Credit Agreement dated as of February 9, 1998 (as so amended, the
'Credit Agreement") between Borrower, ING (U.S.) Capital Corporation, as Agent
("Agent") and certain financial institutions as lenders ("Lenders") in order to
satisfy certain conditions precedent to the Credit Agreement and to the
obligation of Lenders to advance funds to Borrower. Terms defined in the Credit
Agreement and used but not defined herein have the meanings given them in the
Credit Agreement.
SECTION 1. PRINCIPAL DOCUMENTS
1. First Amendment to Credit Agreement.
2. Promissory Note payable by Borrower to ING (U.S.) Capital Corporation, as a
Lender, in the stated principal amount of $25,000,000 of even date with the
First Amendment.
3. Open End Mortgage, Assignment, Security Agreement, Fixture Filing and
Financing Statement from Borrower to Agent to be recorded in Ohio (the
"Kelt Mortgage").
4. Financing Statements executed by Borrower in connection with the Kelt
Mortgage.
5. Borrowing Notice.
6. Wiring Instructions Letter.
SECTION II. CORPORATE RECORDS AND PROCEEDINGS
7. Omnibus Certificate of the President and Secretary of Borrower dated as of
May 29, 1998.
8. Certificate of Borrower's due incorporation, valid existence, and good
standing in the States of Delaware and Ohio.
9. Compliance Certificate of the President and the Chief Financial Officer of
Borrower.
SECTION III. OPINIONS
10. Opinion of Thomas Hill Esq., General Counsel for the Restricted Persons.
<PAGE> 2
FIRST AMENDMENT TO CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (herein called this "Amendment")
made as of May 29, 1998 by and between North Coast Energy, Inc. a Delaware
corporation ("Borrower"), and ING (U.S.) Capital Corporation, as Agent and as a
Lender (herein called "Agent'), and the other Lenders from time to time parties
to the Credit Agreement,
WITNESSETH:
WHEREAS, Borrower, Agent and Lenders have entered into that certain
Credit Agreement dated as of February 9, 1998 (as from time to time further
supplemented, amended, or restated, the "Original Agreement") for the purposes
and consideration therein expressed, pursuant to which Lenders became obligated
to make loans to Borrower as therein provided; and
WHEREAS, Borrower, Agent, and Lenders desire to amend the Original
Agreement as provided herein;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein and in the Original Agreement, in consideration
of the loans which may hereafter be made by Lenders to Borrower, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto do hereby agree as follows:
ARTICLE I.
Definitions and References
--------------------------
Section 1. I Terms Defined in the Original Agreement. Unless the context
otherwise requires or unless otherwise expressly defined herein, the terms
defined in the Original Agreement shall have the same meanings whenever used in
this Amendment.
Section 1.2. Other Defined Terms. Unless the context otherwise requires,
the following terms when used in this Amendment shall have the meanings assigned
to them in this Section 1.2.
"AMENDMENT" means this First Amendment to Credit Agreement.
"AMENDMENT DOCUMENTS" means this Amendment and the Renewal Note.
"CREDIT AGREEMENT" means the Original Agreement as amended
hereby.
"ORIGINAL NOTE" means the "Note" referred to and defined as such
in the Original Agreement.
"RENEWAL NOTE" has the meaning given to such term in Section 3.1
of this Amendment.
<PAGE> 3
"SECURITY DOCUMENTS" has the meaning given to such term in
Section 3.1 of this Amendment.
ARTICLE II.
Amendments to Original Agreement
--------------------------------
Section 2.1. DEFINED TERMS. The following definitions in Section 1.1 of
the Original Agreement are hereby amended in their entirety to read as follows:
"BASE RATE MARGIN" means three-quarters of one percent (.75%)
per annum."
"EURODOLLAR MARGIN" means, on each day, two and one-half percent
(2.50%) per annum."
"MAXIMUM LOAN AMOUNT" means the amount of $25,000,000."
The following definitions are hereby added to Section 1. 1 of the Original
Agreement:
"ADJUSTED CASH FLOW" means, in respect of any period, the remainder of (a) all
revenue of Borrower and its Subsidiaries received during such period on a cash
basis plus any decrease in Working Capital or minus any increase in Working
Capital from the last day of the preceding period, minus (b) each of the
following: (i) actual lease operating expenses (incurred in the manner of a
reasonable prudent operator consistent with Borrower's past practices), actual
transportation and processing expenses, and actual ad valorem, severance,
franchise and income taxes paid by Borrower and its Subsidiaries during such
period on a cash basis, (ii) capital expenditures necessary for the maintenance
of existing production under currently employed methods paid by Borrower and its
Subsidiaries during such period on a cash basis, (iii) interest paid by Borrower
and its Subsidiaries during such period on a cash basis and (iv) general and
administrative expenses (not to exceed $210,000 per month) paid by Borrower and
its Subsidiaries during such period on a cash basis. As used herein, "Working
Capital" means in respect of any period, accounts receivable minus accounts
payable as of the last day of such period.
"KELT" means Kelt Ohio, Inc., a Delaware corporation.
"KELT DOCUMENTS" means (i) that certain Purchase and Sale Agreement by
and between Borrower and Kelt dated as of April 8, 1998, (the "P/S Agreement")
and (ii) that certain Deed, Assignment, and Bill of Sale by and between Borrower
and Kelt executed pursuant to the P/S Agreement.
Section 2.2. USE OF PROCEEDS. The first sentence of Section 2.4 of the
Original Agreement is hereby amended in its entirety to read as follows:
"Borrower shall use all Loans to refinance existing
indebtedness, to finance capital expenditures, to refinance Matured LC
Obligations, to provide working capital for its operations, to consummate the
transaction under the Kelt Documents, and for other purposes as Majority Lenders
in their sole discretion may from time to time determine."
<PAGE> 4
Section 2.3. PREPAYMENTS. Section 2.7 of the Original Agreement is hereby
amended to read in its entirety as follows:
"Section 2.7. Mandatory and Scheduled Prepayments.
------------------------------------
"(a) If at any time the Facility Usage is in excess of the
Borrowing Base (such excess being herein called a "Borrowing Base Deficiency"),
Borrower shall, within forty-five Business Days after Agent gives notice of such
fact to Borrower, prepay the principal amount of the Loans in an aggregate
amount at least equal to such Borrowing Base Deficiency (or, if the Loans have
been paid in full, pay to LC issuer LC Collateral as required under Section
2.16(a)). Any principal or interest prepaid pursuant to this Section 2.7(a)
shall be in addition to, and not in lieu of, all payments otherwise required to
be paid under the Note or the other Loan Documents at the time of such
prepayment.
"(b) At the termination of the Commitment Period, the principal
amount of the Note shall be due and payable in 20 quarterly installments, each
of which shall be equal to one-twentieth (1/20th) of the aggregate unpaid
principal balance of the Note at the end of the Commitment Period and shall be
due and payable on the last day of each Fiscal Quarter, beginning September 30,
1999, and continuing regularly thereafter until June 30, 2004, at which time the
unpaid principal balance of this Note and all accrued interest shall be due and
payable.
"(c) If Borrower shall not have received by September 4, 1998
cash proceeds from the issuance of common stock to Nuon International, b.v., an
entity organized under the laws of the Kingdom of the Netherlands, of at least
$5,000,000, the Commitment shall immediately terminate and, in place of the
amortization schedule in the preceding Section 2.7(b), the principal amount of
the Note shall due and payable follows:
"(i) on the last Business Day of each calendar month
Borrower shall make a payment of principal on the Note equal to one hundred
percent (100%) of Adjusted Cash Flow for the immediately preceding calendar
month, such payments to begin on September 30, 1998 and to continue to and
including the earlier of (A) the month in which the outstanding principal
balance on the Note is equal to or less than $20,000,000 or (B) the last
Business Day of June, 1999; and
"(ii) if the principal amount of the Note exceeds
$20,000,000 on the last Business Day of June, 1999, Borrower shall make a
payment of principal on the Note equal to the amount of such excess; and
"(iii) the balance of the Note shall be due and payable in
twenty (20) quarterly installments on the last Business Day of each third
calendar month thereafter (i.e., if the last payment under paragraph (i) or (ii)
is June, 1999, the payments under this paragraph (iii) will be due on September
30, 1999 and on the last Business Day of each December, March, June and
September thereafter), each such installment to be in the principal amount of $
1,000,000, until the unpaid principal balance of the Note and all interest
accrued thereon shall be paid in full. The balance of all accrued interest and
principal, if not sooner paid, shall be due and payable on June 30, 2004.
<PAGE> 5
Each payment of principal under this section shall be accompanied by all
interest then accrued and unpaid on the principal so prepaid."
Section 2.4. KELT TRANSACTION: The following Section 5.18 is hereby
added to the Original Agreement:
"Section 5.18 KELT TRANSACTION. Upon the payment by Borrower
of the purchase price for the properties to be conveyed to Borrower under the
Kelt Documents, Kelt shall have complied with each of the covenants and
conditions contained in the Kelt Document, and each of the Kelt Documents will
be a legal and binding instrument and agreement of Kelt, enforceable in
accordance with its terms, except as limited by bankruptcy, insolvency and
similar laws applying to creditors' rights generally and by principles of equity
applying to creditors' rights generally."
Section 2.5. BORROWING BASE. Pursuant to Section 2.9 of the Credit
Agreement, Agent hereby notifies Borrower that the new Borrowing Base available
under the Credit Agreement from the date hereof until the next Determination
Date shall be 25,000,000.
ARTICLE III.
Section 3.1. CONDITION OF EFFECTIVENESS. This Amendment shall become
effective as of the date first above written when and only when each of the
following conditions shall have been satisfied:
(a) Agent shall have received, at Agent's office, each of the following
in form, substance and date satisfactory to Agent: (i) a counterpart of this
Amendment executed and delivered by Borrower, (ii) a favorable report of Pilko &
Associates, Inc. regarding their environmental assessment of the material
properties of Kelt acquired by Borrower pursuant to the Kelt Documents in scope
and results acceptable to Agent, (iii) favorable title opinions regarding
properties of Kelt acquired by Borrower pursuant to the Kelt Documents in scope
and results acceptable to Agent, (iv) certain documents of the type contemplated
by Section 6.15 of the Credit Agreement executed by Borrower granting to Agent
on behalf of Lenders a first priority lien and security interest in all of the
assets of Borrower acquired from Kelt pursuant to the Kelt Documents (the
"Security Documents"), and (v) a promissory note with appropriate insertions in
the form attached hereto as Exhibit A (such note being herein called the
"Renewal Note") duly executed on behalf of Borrower, dated the date hereof, and
expressly renewing the Original Note,
(b) Borrower shall have paid to Agent an arrangement fee in the amount
of $225,000 in immediately available funds,
(c) Agent shall have received a written opinion of counsel for
Borrower, dated as of the date of this Amendment, addressed to Agent, to the
effect that this Amendment, the Renewal Note, the Security Documents and the
Kelt Documents have been duly authorized, executed and delivered by Borrower and
that the Credit Agreement, the Renewal Note, the Security Documents and the Kelt
Documents constitute the legal, valid and binding obligations of Borrower,
enforceable in accordance with their terms (subject, as to enforcement of
<PAGE> 6
remedies, to applicable bankruptcy, reorganization, insolvency and similar laws
and to general principles of equity) and such other matters of Agent may
require,
(d) The transactions under the Kelt Documents have been
contemporaneously consummated, Kelt shall have complied with each of the
covenants and conditions contained in the Kelt Documents,
(e) Agent shall have received a certificate of a duly authorized
officer of Borrower dated the date of this Amendment certifying: (i) that all of
the representations and warranties set forth in Article IV hereof are true and
correct at and as of the time of such effectiveness; and (ii) as to such other
corporate matters as Agent shall deem necessary, and
(f) Agent shall have additionally received such other documents as
Agent may reasonably request.
ARTICLE IV.
Representations and Warranties
------------------------------
Section 4. 1. Representations and Warranties of Borrower. In order to
induce Agent to enter into this Amendment, Borrower represents and warrants to
Agent that:
(a) The representations and warranties contained in Article V
of the of the Original Agreement (as amended hereby) are true and correct at and
as of the time of the effectiveness hereof.
(b) Borrower is duly authorized to execute and deliver this
Amendment, the Renewal Note, the Security Documents and the Kelt Documents and
is and will continue to be duly authorized to borrow and to perform its
obligations under the Credit Agreement. Borrower has duly taken all corporate
action necessary to authorize the execution and delivery of this Amendment,
Renewal Note, the Security Documents and the Kelt Documents and to authorize the
performance of the obligations of Borrower hereunder and thereunder.
(c) The execution and delivery by Borrower of this Amendment,
Renewal Note, the Security Documents and the Kelt Documents, the performance by
Borrower of its obligations hereunder and thereunder and the consummation of the
transactions contemplated hereby and thereby do not and will not conflict with
any provision of law, statute, rule or regulation or of the articles of
incorporation and bylaws of Borrower, or of any material agreement, judgment,
license, order or permit applicable to or binding upon Borrower, or result in
the creation of any lien, charge or encumbrance upon any assets or properties of
Borrower. Except for those which have been duly obtained, no consent, approval,
authorization or order of any court or governmental authority or third party is
required in connection with the execution and delivery by Borrower of this
Amendment, the Renewal Note, the Security Documents and the Kelt Documents or to
consummate the transactions contemplated hereby and thereby.
(d) When duly executed and delivered, each of this Amendment,
the Credit Agreement, the Renewal Note, the Security Documents and the Kelt
Documents will be a legal
<PAGE> 7
and binding instrument and agreement of Borrower, enforceable in accordance with
its terms, except as limited by bankruptcy, insolvency and similar laws applying
to creditors' rights generally and by principles of equity applying to
creditors' rights generally.
(e) The audited annual financial statements of Borrower dated
as of March 31, 1997, and the unaudited quarterly financial statements of
Borrower dated December 3 1, 1997 fairly present the financial position at such
dates and the statement of operations and the changes in financial position for
the periods ending on such dates for Borrower. Copies of such financial
statements have heretofore been delivered to Agent. Since December 31, 1997, no
material adverse change has occurred in the financial condition or businesses of
Borrower.
ARTICLE V.
Miscellaneous
-------------
Section 5. 1. RATIFICATION OF AGREEMENTS. The Original Agreement as
hereby amended is hereby ratified and confirmed in all respects. Any reference
to the Credit Agreement in any Loan Document shall be deemed to refer to this
Amendment also. Any reference to the Note in any other Loan Document shall be
deemed to be a reference to the Renewal Note issued and delivered pursuant to
this Amendment. The execution, delivery and effectiveness of this Amendment and
the Renewal Note shall not, except as expressly provided herein or therein,
operate as a waiver of any right, power or remedy of Agent under the Credit
Agreement or any other Loan Document nor constitute a waiver of any provision of
the Credit Agreement or any other Loan Document.
Section 5.2. SURVIVAL OF AGREEMENTS. All representations, warranties,
covenants and agreements of Borrower herein shall survive the execution and
delivery of this Amendment and the performance hereof, including without
limitation the making or granting of the Loan and the issuance and delivery of
the Renewal Note, and shall further survive until all of the Obligations are
paid in full. All statements and agreements contained in any certificate or
instrument delivered by any Restricted Person hereunder or under the Credit
Agreement to Agent shall be deemed to constitute representations and warranties
by, or agreements and covenants of, Borrower under this Amendment and under the
Credit Agreement.
Section 5.3. LOAN DOCUMENTS. This Amendment and the Renewal Note are
each a Loan Document, and all provisions in the Credit Agreement pertaining to
Loan Documents apply hereto and thereto.
Section 5.4 GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York and any
applicable laws of the United States of America in all respects, including
construction, validity and performance.
Section 5.5. COUNTERPARTS. This Amendment may be separately executed in
counterparts and by the different parties hereto in separate counterparts, each
of which when so executed shall be deemed to constitute one and the same
Amendment.
THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
<PAGE> 8
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.
IN WITNESS WHEREOF, this Amendment is executed as of the date first above
written.
NORTH COAST ENERGY, INC.
By: /s/ Garry Regan
-------------------
Name: Garry Regan
Title: President
----------
ING (U.S.) CAPITAL CORPORATION
By:
-------------------------
Name:
Title:
IN WITNESS WHEREOF, this Amendment is executed as of the date first above
written.
NORTH COAST ENERGY, INC.
By:
-------------------------
Name:
Title:
ING (U.S.) CAPITAL CORPORATION
By: /s/ Frank P. Ferrara
--------------------
Name: Frank P. Ferrara
Title: Senior Associate
<PAGE> 9
EXHIBIT A
PROMISSORY NOTE
---------------
$25,000,000 New York, New York May___, 1998
FOR VALUE RECEIVED, the undersigned, North Coast Energy, Inc., a
Delaware (herein called "Borrower"), hereby promises to pay to the order of ING
(U.S.) Capital Corporation, (herein called "Lender"), the principal sum of
Twenty Five Million and No/100 Dollars ($25,000,000), or, if greater or less,
the aggregate unpaid principal amount of the Loan made under this Note by Lender
to Borrower pursuant to the terms of the Credit Agreement (as hereinafter
defined), together with interest on the unpaid principal balance thereof as
hereinafter set forth, both principal and interest payable as herein provided in
lawful money of the United States of America at the offices of the Agent under
the Credit Agreement, as from time to time may be designated by the holder of
this Note.
This Note (a) is issued and delivered under that certain Credit
Agreement dated as of February 9, 1998, among Borrower, Lender, as Agent, and
the lenders (including Lender) referred to therein (herein, as from time to time
supplemented, amended or restated, called the "Credit Agreement"), and is a
"Note" as defined therein, (b) is subject to the terms and provisions of the
Credit Agreement, which contains provisions for payments and prepayments
hereunder and acceleration of the maturity hereof upon the happening of certain
stated events, and (c) is secured by and entitled to the benefits of certain
Security Documents (as identified and defined in the Credit Agreement). Payments
on this Note shall be made and applied as provided herein and in the Credit
Agreement. Reference is hereby made to the Credit Agreement for a description of
certain rights, limitations of rights, obligations and duties of the parties
hereto and for the meanings assigned to terms used and not defined herein and to
the Security Documents for a description of the nature and extent of the
security thereby provided and the rights of the parties thereto.
For the purposes of this Note, the following terms have the meanings
assigned to them below:
"Base Rate Payment Date" means (i) the last day of each Fiscal Quarter,
beginning June 30, 1998, and (ii) any day on which past due interest or
principal is owed hereunder and is unpaid. If the terms hereof or of the Credit
Agreement provide that payments of interest or principal hereon shall be
deferred from one Base Rate Payment Date to another day, such other day shall
also be a Base Rate Payment Date.
"Eurodollar Rate Payment Date" means, with respect to any Eurodollar
Loan: (i) the day on which the related Interest Period ends (and, if such
Interest Period is three months or longer, the three-month anniversary of the
first day of such Interest Period),
<PAGE> 10
and (ii) any day on which past due interest or past due principal is owed
hereunder with respect to such Eurodollar Loan and is unpaid. If the terms
hereof or of the Credit Agreement provide that payments of interest or principal
with respect to such Eurodollar Loan shall be deferred from one Eurodollar Rate
Payment Date to another day, such other day shall also be a Eurodollar Rate
Payment Date.
The principal amount of this Note shall be due and payable in
twenty-two (22) quarterly installments, each of which shall be equal to
one-twenty-second (1/22) of the aggregate unpaid principal balance of this Note
at the end of the Commitment Period, and shall be due and payable on the last
day of each Fiscal Quarter, beginning September 30, 1999, and continuing
regularly on the thereafter until December 31, 2004, at which time the unpaid
principal balance of this Note and all interest accrued hereon shall be due and
payable in full.
Base Rate Loans from time to time outstanding shall bear interest on
each day outstanding at the Base Rate in effect on such day; unless the Default
Rate shall apply as provided below. On each Base Rate Payment Date Borrower
shall pay to the holder hereof all unpaid interest which has accrued on the Base
Rate Loans to but not including such Base Rate Payment Date. Each Eurodollar
Loan shall bear interest on each day during the related Interest Period at the
related Eurodollar Rate in effect on such day; unless the Default Rate shall
apply as provided below. On each Eurodollar Rate Payment Date relating to such
Eurodollar Loan, Borrower shall pay to the holder hereof all unpaid interest
which has accrued on such Eurodollar Loan to but not including such Eurodollar
Rate Payment Date. All past due principal of and past due interest on the Loan
shall bear interest on each day outstanding at the Default Rate in effect on
such day, notwithstanding the foregoing provisions of this paragraph, on or
after ten days following the occurrence of an Event of Default, and during the
continuance thereof, each Loan shall bear interest at the Default Rate. All
interest at the Default Rate shall be due and payable daily as it accrues.
Notwithstanding the foregoing provisions of this paragraph: (a) this Note shall
never bear interest in excess of the Highest Lawful Rate, and (b) if at any time
the rate at which interest is payable on this Note is limited by the Highest
Lawful Rate (by the foregoing clause (a) or by reference to the Highest Lawful
Rate in the definitions of Base Rate, Eurodollar Rate, and Late Payment Rate),
this Note shall bear interest at the Highest Lawful Rate and shall continue to
bear interest at the Highest Lawful Rate until such time as the total amount of
interest accrued hereon equals (but does not exceed) the total amount of
interest which would have accrued hereon had there been no Highest Lawful Rate
applicable hereto.
Notwithstanding the foregoing paragraph and all other provisions of
this Note, in no event shall the interest payable hereon, whether before or
after maturity, exceed the maximum interest which, under applicable Law, may be
charged on this Note, and this Note is expressly made subject to the provisions
of the Credit Agreement which more fully set out the limitations on how interest
accrues hereon.
<PAGE> 11
If this Note is placed in the hands of an attorney for collection after
default, or if all or any part of the indebtedness represented hereby is proved,
established or collected in any court or in any bankruptcy, receivership, debtor
relief, probate or other court proceedings, Borrower and all endorsers, sureties
and guarantors of this Note jointly and severally agree to pay reasonable
attorneys' fees and collection costs to the holder hereof in addition to the
principal and interest payable hereunder.
Borrower and all endorsers, sureties and guarantors of this Note hereby
severally waive demand, presentment, notice of demand and of dishonor and
nonpayment of this Note, protest, notice of protest, notice of intention to
accelerate the maturity of this Note, declaration or notice of acceleration of
the maturity of this Note, diligence in collecting, the bringing of any suit
against any party and any notice of or defense on account of any extensions,
renewals, partial payments or changes in any manner of or in this Note or in any
of its terms, provisions and covenants, or any releases or substitutions of any
security, or any delay, indulgence or other act of any trustee or any holder
hereof, whether before or after maturity.
This Note is executed in renewal, modification, and extension of, but
not in extinguishment or novation of, that certain Promissory Note of Borrower
dated February 9, 1998, in the stated principal amount of $20,000,000, payable
to the order of Lender.
THIS NOTE AND THE RIGHTS AND DUTIES OF THE PARTIES HERETO SHALL BE
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW), EXCEPT TO THE EXTENT THE SAME ARE GOVERNED BY APPLICABLE
FEDERAL LAW.
NORTH COAST ENERGY, INC.
By:
-----------------------------
Name:
Title:
<PAGE> 12
CONSENT AND AGREEMENT
---------------------
North Coast Operating Company (the "Company") and each of the
partnerships party hereto (the "Partnerships") hereby consent to the provisions
of this Amendment and the transactions contemplated herein (including without
limitation the execution and delivery of the Renewal Note and the other
Amendment Documents), and hereby ratify and confirm the Open End Mortgage,
Assignment, Security Agreement, Fixture Filing and Financing Statement in favor
of Agent dated as of February 9, 1998 recorded in various counties in the State
of Ohio and the Open End Mortgage, Assignment, Security Agreement, Fixture
Filing and Financing Statement dated as of February 9, 1998 recorded in various
counties in the State of Pennsylvania made by the Company and the Partnerships
for the benefit of Agent, and agrees that the Company's and the Partnerships'
obligations and covenants thereunder are unimpaired hereby and shall remain in
full force and effect.
Date: May 29,1998
NORTH COAST OPERATING COMPANY
By: /s/ Garry Regan
---------------------
Name: Garry Regan
Title: President
Capital Drilling Fund
1986-1 Limited Partnership
North Coast Energy/Capital 1987-1
Appalachian Private Drilling
Program L.P.
North Coast Energy/Capital 1987-2
Appalachian Private Drilling
Program L.P.
North Coast Energy/Capital 1988-1
Appalachian Private Drilling
Program L.P.
North Coast Energy/Capital 1988-2
Appalachian Private Drilling
Program L.P.
<PAGE> 13
North Coast Energy 1989 Appalachian
Public Drilling Program L.P.
North Coast Energy 1990-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1990-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1990-3
Appalachian Private Drilling
Program L.P.
North Coast Energy 1991-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1991-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1991-3
Appalachian Private Drilling
Program L.P.
North Coast Energy 1992-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1992-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1992-3
Appalachian Private Drilling
Program L.P.
North Coast Energy 1993-1
Appalachian Private Drilling
Program L.P.
<PAGE> 14
North Coast Energy 1993-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1993-3
Appalachian Private Drilling
Program L.P.
North Coast Energy 1994-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1994-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1994-3
Appalachian Private Drilling
Program L.P.
North Coast Energy 1995-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1995-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1996-1
Appalachian Private Drilling
Program L.P.
North Coast Energy 1996-2
Appalachian Private Drilling
Program L.P.
North Coast Energy 1997-1
Appalachian Private Drilling
Program L.P.
<PAGE> 15
North Coast Energy 1997-2
Appalachian Private Drilling
Program L.P.
By: NORTH COAST OPERATING COMPANY, general partner
By: /s/ Garry Regan
----------------
Name: Garry Regan
Title: President
<PAGE> 1
Exhibit 7(c)(d)
NORTH COAST ENERGY COMPLETES ACQUISITION OF KELT OHIO
PROPERTIES
Twinsburg, Ohio, June 1, 1998 -- North Coast Energy, Inc. (NASDAQ: NCEB) today
announced that it has completed the acquisition of the assets of Kelt Ohio for
$16 million.
The acquired assets of Kelt Ohio, headquartered in Cambridge, include more
than 900 natural gas and oil wells and a 100% working interest in an
estimated 40 Bcf of proved natural gas reserves, as valued by the
independent engineering firm, S. A. Holditch & Co. North Coast has also
acquired Kelt's brine disposal facilities, drilling and service rigs,
natural gas compressors and gas gathering systems and a large inventory of
oilfield service equipment and supplies. North Coast Energy believes that
this transaction will immediately double cash flow and double our daily net
production of natural gas as well as more than doubling our proved reserves
of natural gas and oil. In the Kelt transaction North Coast Energy has
acquired long-lived, premium priced reserves (70% in production) for a very
attractive price of $0.47/Mcfe. The acquisition was funded using cash and
an increase in North Coast Energy's existing acquisition line of credit.
North Coast Energy, Inc., an affiliate of NUON International bv, is an
independent oil and gas exploration company headquartered in Cleveland,
Ohio.
The statements made in this release include forward-looking statements.
Factors that may cause actual results to differ materially from those in
the forward-looking statements include competition within the oil and gas
industry, the price of oil and gas in the Appalachian area, the weather in
North Coast geographic region and the cost of locating and drilling oil and
gas wells in the Appalachian Basin area.
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