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r <br /> REPORT OF PROPERTY/WELL TRANSFER16R ACQUISITION <br /> (To be completed by old and new operators) <br /> Please complete and return this form to: 11/15/04 <br /> Div.of Oil & Gas - Dist. 6 (date) <br /> Division of Oil, Gas,and Geothermal Resources RECEIVED <br /> 801 "K"Street,201h Floor-MS 22 DEC 0 1 2004 <br /> Sacramento,CA 95814-3530 <br /> Sacramento,California <br /> Effective date of transfer/acquisition 12/01/04 date of possession 12/01/04 <br /> (date) (d different) <br /> Sierra Resources, Inc. transferred <br /> (old operator) <br /> the following wells to Princeton Natural Gas LLC <br /> (new operator) <br /> NOTE: Pursuant to Section 3202 of the Public Resources Code, before wells will be transferred, the new operator must provide <br /> proper bond coverage and well information for all transferred active, idle,and/or plugged and abandoned wells. <br /> Well Designation Field or County Sec. T. R. API Number <br /> Piacentine#1-27 Well King Island Field 27 3N 5E 04-077-20484 <br /> (Including all associated surface&downhole equipment) San Joaquin Co. <br /> (If additional space is needed, use separate sheets.) <br /> Legal description of the land where the well(s)is(are)located: See attached Exhibit"A" <br /> OLD O ERATOR NEW OPERATOR <br /> Sierra Resources, Inc. Princeton Natural Gas LLC <br /> or nam (operatorNme)) <br /> P.O. Box 2788 34184 Pacific Coast Highway, Suite C <br /> (address) (address) <br /> Mammoth Lakes,CA 93546 Dana Point, CA 92629 <br /> Phos (760 ) 934-3356 Phone (858 -98 <br /> BY 11/15/04 By_VA46W <br /> (signal (date) (signature) (d e) <br /> Robert D. Eberts President Pat Ross _ President <br /> (printed name) (title) (printed name) (title) <br /> Note: By signing this form, both the old operator and the new operator certify that the new operator owns the mineral <br /> interest, holds a valid and effective lease, or holds a valid and effective operating contract, giving the new operator the <br /> right to operate the well or wells being transferred. <br />