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1rr� RESOURCES AGENCY OF CALIFORNIA <br /> DEPARTMENT OF CONSERVATION <br /> DIVISION OF OIL,GAS,AND GEOTHERMAL RESOURCES <br /> REPORT OF PROPERTY AND WELL TRANSFER <br /> Field or County District <br /> King Island Gas (San Joaquin Co.) District 6 <br /> Former owner Operator code Date <br /> Sierra Resources, Inc. IS3525 December 9, 2004 <br /> Name and location of well(s) <br /> "Piacentine" 1-27 (077-20484) <br /> 27/3N/5E <br /> Description of the land upon which the well(s)is(are)located <br /> See attachment A. <br /> Date of transfer, New owner Operator code Type of organization <br /> sale,assignment, Princeton Natural Gas P4675 <br /> conveyance,or <br /> exchange Address <br /> 12/1/04 34184 Pacific Coast Highway, Ste. C <br /> Dana Point, CA 92629 Telephone No. <br /> (858) 775-9897 <br /> Reported by <br /> Robert D. Eberts, President, Sierra Resources, Inc. <br /> Confirmed by <br /> Pat Ross President Princeton Natural Gas LLC. <br /> New operator new status Request designation of agent <br /> (status abbreviation) Pat Ross <br /> PA 34184 Pacific Coast Highway, Ste. C <br /> Dana Point, CA 92629 <br /> Old operator new status Remarks <br /> (status abbreviation) <br /> PA <br /> Deputy Supervisor <br /> OPERATOR STATUS ABBREVIATIONS Robert S. Habel <br /> PA-Producing Active FORM AND RECORD CHECK LIST <br /> NPA-No Potential,Active Form or record Initials Date Form or record Initials Date <br /> PI-Potential Inactive Form OGD121 Map and book <br /> NPI-No Potential,Inactive Form OGD140 Notice to be cancelled <br /> AB-Abandoned or No More Wells New well cards Bond status �`4" <br /> Well records EDP files 2'/0- <br /> Electric logs Computer Files- <br /> Production <br /> iles <br /> Production reports <br /> OG0156(5/98) <br />