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REPORT OF PROPERTYMELL TRANSFER OR ACQUISITION <br /> (To be completed by old and new operators) <br /> Please complete and return this form to: 11/15/04 _ <br /> (date) <br /> Division of Oil,Gas,and Geothermal Resources <br /> 801 "K"Street,20th Floor-MS_2.2 <br /> Sacramento, CA 95814-3530 <br /> Effective date of transfer/acquisition 12/01/04 date of possession 12/01/04 <br /> (date) (if different) - <br /> Sierra Resources, Inc. transferred <br /> (old operator) ---,-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 transterred active,idie, and/or plugged and abandoned weiis. <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 /> -- --............---- ------.....----- <br /> Div.of Oil & Gas - Dist. 6 <br /> RECEIVED <br /> DEC 0 1 200 <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 OPERATOR NEW OPERATOR <br /> Sierra Resources, Inc. Princeton Natural Gas LLC <br /> (operator name) (operator name) <br /> P.O. Box 2788 34184 Pacific Coast Highway, Suite C <br /> (address) - - --- (address) -- <br /> Mammoth Lakes, CA 93546 Dana Point, CA 92629 <br /> Phone (760_- ) 934-3356 _ Phone (858/0'�.A-9801 <br /> Qy ..�..-._ 11/15/04 __.......--- By <br /> (slgnat r (date) (signature) -(d ) <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 />