Exhibit 10.7
TERM SHEET
October 11, 2005
| 1. | | Period covered by Term Sheet: |
| |
| | | November 1, 2005 through October 31, 2006 |
| |
| 2. | | Quantity of Gas to be Delivered: |
| |
| | | Estimated 38,500 Dt/Month (See Attached Exhibit) |
| |
| 3. | | Points of Delivery: |
| |
| | | Into Dominion Transmission, Inc. |
| |
| 4. | | Price: |
| |
| | | 100% of Index (as published byInside F.E.R.C.’s Gas Market Report for Appalachian gas delivered into Dominion Transmission for the first of the month) plus $.02/Dt. The Seller may request a negotiation of a mutually agreeable fixed price at a later date. |
| |
| 5. | | The conditions of the Term Sheet are binding unless disputed within (3) business days. |
APPROVED AND AGREED to as the Term Sheet to the Agreement dated March 21, 2003, between EnerVest WV, LP and Riley Natural Gas Company.
| | | |
| Seller: | | Buyer: |
| | | |
| EnerVest WV, LP | | Riley Natural Gas Company |
| | | |
| /s/ Keneth Mariaw | | /s/ Thomas E. Riley |
| | | |
| Signature | | Signature |
| |
| Name: Keneth Mariaw | | Name: Thomas E. Riley |
| Title: VP | | Title: President |
| Date: 10/26/05 | | Date: JAN 10, 2006 |
ENERVEST WV, LP
EXHIBIT
to the Term Sheet dated
October 11, 2005
| | | |
| MID # | | ACCOUNT # |
| 3344101 | | AT3344101 |
| 3357201 | | AT3357201 |
| 3577501 | | AT3577501 |
| 3579401 | | AT3579401 |
| 4212301 | | AT4212301 |
| 4371301 | | AT4371301 |
| 4374101 | | AT4374101 |
| 4329201 | | ES4329201 |
| 3066001 | | RP1116112 |
| 3162401 | | RP1116114 |
| 3163101 | | RP1116116 |
| 3066401 | | RP1116118 |
| 3311501 | | RP1116122 |
| 3067501 | | RP1116123 |
| 3314501 | | RP1116129 |
| 3320601 | | RP1116130 |
| 3477001 | | RP1116140 |
| 4334101 | | RP1116151 |
| 3545601 | | RP1116152 |
| 3416001 | | RP1116153 |
| 3052001 | | RP1116155 |
| 3550301 | | RP1116157 |
| 4241301 | | RP1143015 |
| 4241401 | | RP1143016 |
| 3313701 | | RP1149601 |
| 4176401 | | KP1150301 |
| 3314901 | | RP1152802 |
| 3074901 | | RP1173401 |
| 3062001 | | RP1691101 |
| 3516201 | | RP3516201 |
| 1048601 | | RPH202401 |
| 1062301 | | RPH202403 |
| 1062401 | | RPH202404 |
| 1065201 | | RPH202406 |
