EXHIBIT 2.3
ASSIGNMENT AND BILL OF SALE
STATE OF TEXAS )(
)(
)( KNOW ALL MEN BY THESE PRESENTS THAT:
COUNTIES OF SCHLEICHER )(
AND KENT )(
For and in consideration of the sum of Ten Dollars ($10.00)
and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, GLADSTONE
RESOURCES, INC., a Washington Corporation ("Assignor') does
hereby BARGAIN, SELL, GRANT, TRANSFER, ASSIGN and CONVEY unto
EXCO RESOURCES, INC. (whose address is 5735 Pineland, Suite 235,
Dallas, Texas 75231 and who is hereinafter referred to as
"Assignee"), a Texas corporation, its successors and assigns, all
of Assignor's right, title and interest in and to the oil and gas
leases and oil, gas and mineral leases described on Exhibit "A"
hereto, reference to which is here made for all purposes,
together with the following rights and properties pertaining to
such oil and gas leases and oil gas and mineral leases (which are
hereafter referred to collectively as the "Leases"):
(1) all wells located on the Leases (whether producing, non-
producing, shut-in, abandoned or temporarily abandoned and
whether oil wells, gas wells, salt water disposal wells,
injection wells or water wells), together with all of the
personal property and equipment used or obtained in
connection with such well or wells, including, but not
limited to, all casing, pipe, tubing, rods, separators,
wellhead and in-hole equipment, tanks, motors, fixtures and
other such personal property and equipment;
(2) all permits, licenses, orders, pooling or unitization
agreements, communitization agreements, operating
agreements, exploration agreements, farmin or farmout
agreements, letter agreements, processing, transportation
or lease agreements, and other contracts and agreements
which relate or pertain to the Leases and the wells
described herein; and
(3) all rights-of-way, easements, servitudes, surface
leases, treating facilities, pipelines and gathering
syste0ms which cover, relate or pertain to the Leases and
the wells described herein, or which may necessary or
convenient to be used in connection therewith.
This assignment is made without warranty of title, either
express or implied
IN WITNESS WHEREOF, this instrument is executed this 18th
day of January, 1999, but shall be effective, for all purposes,
as of the 1st day of October, 1998.
Gladstone Resources, Inc.
By:__________________________
E. B. Brooks, Jr.
President
State of Texas
County of Dallas
This instrument was acknowledged before me on January 18,
1999, by E. B. Brooks, Jr., President of Gladstone Resources,
Inc., a Texas Corporation, on behalf of said corporation.
______________________________
Notary Public In and For the
State of Texas
EXHIBIT "A"
ATTACHED TO AND MADE A PART OF THAT CERTAIN ASSIGNMENT AND BILL
OF SALE, FROM GLADSTONE RESOURCES, INC., AS ASSIGNOR, TO EXCO
RESOURCES, INC., AS ASSIGNEE, DATED EFFECTIVE OCTOBER 1, 1998
THE FOLLOWING OIL AND GAS LEASES COVERING LANDS IN KENT COUNTY,
TEXAS:
1. That certain Oil and Gas Lease Dated May 1, 1979, from
Jonisue C. Stiff, as lessor, to Neil R. Morgan, as lessee,
recorded in Volume 146, Page 81 of the Official Records of Kent
County, Texas
2. That certain Oil and Gas Lease Dated May 1, 1979, from D. M.
Cogdell, Jr., as lessor, to Neil R. Morgan, as lessee, recorded
in Volume 146, Page 85 of the Official Records of Kent County,
Texas
3. That certain Oil and Gas Lease Dated May 1, 1979, from W. M.
Cogdell, as lessor, to Neil R. Morgan, as lessee, recorded in
Volume 146, Page 89 of the Official Records of Kent County, Texas
4. That certain Oil and Gas Lease Dated May 1, 1979, from
Martha Cogdell Etgen Milhollon, as lessor, to Neil R. Morgan, as
lessee, recorded in Volume 146, Page 93 of the Official Records
of Kent County, Texas
5. That certain Oil and Gas Lease Dated May 1, 1979, from
Joanna Gale Forbes Hayes, as lessor, to Neil R. Morgan, as
lessee, recorded in Volume 146, Page 97 of the Official Records
of Kent County, Texas
6. That certain Oil and Gas Lease Dated May 1, 1979, from David
Colin Forbes, as lessor, to Neil R. Morgan, as lessee, recorded
in Volume 146, Page 101 of the Official Records of Kent County,
Texas
7. That certain Oil and Gas Lease Dated May 1, 1979, from
Douglas Campbell Forbes, as lessor, to Neil R. Morgan, as lessee,
recorded in Volume 146, Page 105 of the Official Records of Kent
County, Texas
8. That certain Oil and Gas Lease Dated May 1, 1979, from W. M.
Cogdell, as lessor, to Neil R. Morgan, as lessee, recorded in
Volume 146, Page 109 of the Official Records of Kent County,
Texas
9. That certain Oil and Gas Lease Dated May 1, 1979, from D. M.
Cogdell, Jr., as lessor, to Neil R. Morgan, as lessee, recorded
in Volume 146, Page 113 of the Official Records of Kent County,
Texas
10. That certain Oil and Gas Lease Dated May 1, 1979, from
Jonisue C. Stiff, as lessor, to Neil R. Morgan, as lessee,
recorded in Volume 146, Page 117 of the Official Records of Kent
County, Texas
11. That certain Oil and Gas Lease Dated April 28, 1980, from W.
M. Cogdell, as lessor, to Neil R. Morgan, as lessee, recorded in
Volume 149, Page 637 of the Official Records of Kent County,
Texas
12. That certain Oil and Gas Lease Dated April 28, 1980, from
Jonisue C. Stiff, as lessor, to Neil R. Morgan, as lessee,
recorded in Volume 149, Page 641 of the Official Records of Kent
County, Texas
13. That certain Oil and Gas Lease Dated April, 1980, from D. M.
Cogdell, Jr., as lessor, to Neil R. Morgan, as lessee, recorded
in Volume 149, Page 645 of the Official Records of Kent County,
Texas
14. That certain Oil and Gas Lease Dated April, 1980, from D. M.
Cogdell, Jr., as lessor, to Neil R. Morgan, as lessee, recorded
in Volume 149, Page 649 of the Official Records of Kent County,
Texas
15. That certain Oil and Gas Lease Dated April, 1980, from
Jonisue Codgell Stiff, as lessor, to Neil R. Morgan, as lessee,
recorded in Volume 149, Page 653 of the Official Records of Kent
County, Texas
16. That certain Oil and Gas Lease Dated April, 1980, from D. M.
Cogdell, as lessor, to Neil R. Morgan, as lessee, recorded in
Volume 149, Page 657 of the Official Records of Kent County,
Texas
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EXHIBIT "A"
ATTACHED TO AND MADE A PART OF THAT CERTAIN ASSIGNMENT AND BILL
OF SALE, FROM GLADSTONE RESOURCES, INC., AS ASSIGNOR, TO EXCO
RESOURCES, INC., AS ASSIGNEE, DATED EFFECTIVE OCTOBER 1, 1998
THE FOLLOWING OIL AND GAS LEASES COVERING LANDS LOCATED IN
SCHLEICHER COUNTY, TEXAS
17. That certain Oil, Gas and Mineral Lease dated February 26,
1990, from Janet Pope Andrews, Cora Pope McGowan and Walter
Cadesman Pope, IV, as Lessor, to E. B. Brooks, Jr., as
Lessee, recorded in Volume 342, Page 300 of the Offical
Records of Schleicher County, Texas.
18. That certain Oil, Gas and Mineral Lease dated November 2,
1992, from Janet Pope Andrews, Cora Pope McGowan and Walter
Cadesman Pope, IV, as Lessor, to E. B. Brooks, Jr., as
Lessee, recorded in Volume 377, Page 23 of the Offical
Records of Schleicher County, Texas.
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