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I E L S O N &Associates,lnc. <br />• P.O. Box 2650 Code, Wyoming 82414 <br />Flatiron Companies <br />Attn: Scott Patten <br />P. O. Box 229 <br />Boulder, CO 80306 <br />~~ <br />November 6, 1997 <br />RE: William G. Bush Property Purchase <br />Section 7: S/2SE/4 and Section 18: N/2NE/4 <br />T9N, R78W, 6th P.M., Jackson County, Colorado <br />Dear Mr. Patten: <br />(307) 587-244 FAX (307) 527.4943 <br />Please be advised that Nielson 8 Associates, Inc. (Nielson) and Nucor Oil 8 Gas, Inc. <br />(Nucor) purchased all of William G. Bush's interest in the above described property, which <br />included surface and minerals, effective September 30, 1997. <br />Nielson and Nucor have succeeded to the rights of the Lessor under that certain Coal <br />• Lease dated May 10, 1978, and recorded in the records of the Jackson County Clerk on <br />October 4, 1995, and the Amendments thereto of December 29, 1978, and October 1, 1996. <br />Under the terms of the Contract between William Bush and Nielson & Associates, Inc., William <br />Bush "shall receive any and all $250.00 monthly rental payments payable through December, <br />1998" and Nielson and Nucor "shall receive any such rental payments payable after <br />December, 1998, together with any and all other rent or other consideration which may <br />become payable to landlord under the terms of said lease subsequent to closing." <br />Nielson is the operator for the McCallum and South McCallum oil and gas units located <br />in Jackson County, Wyoming. For your information, a road has recently been constructed <br />across the above described land for purposes of ingress and egress to a well owned by <br />Nielson and Nucor in the South McCallum Unit. <br /> <br />Sin^celrely, <br />Vickie Wenke <br />Land Records <br />cc: William G. Bush <br />• <br />