oil & gas assets
EnergyNet Inc Bidding Rounds & Licenses

BR 1892L SOLD BY AUCTION

Bidding Rounds & Licenses
* All Standard Disclaimers Apply & Seller Rights Retained

2019 TEXAS LEASE SALE

Nominated Tracts Fall Into Five Categories:
Surveyed School Land.
Rivers, Creeks, Lakes & Bayous
Bays, Lakes, Islands & Bayous.
Gulf Of Mexico
Agency Lands - State Parks, Prison Land-
-& Other Lands Owned By State Agencies.
FALL 2019 OIL & GAS LEASE SALE
Lease Sale Date To Be Announced.
NOMINATIONS DUE PRIOR TO LEASE SALE
BR 1892L

Onshore Land Base
ENERGYNET INC - TEXAS GENERAL LAND OFFICE

Deal Summary

The Texas General Land Office (GLO) holds oil and gas lease sales when warranted. In order to request that a state-owned tract be offered at a lease sale, the tract must be nominated. Nominations must be submitted, in writing, by the deadline set prior to each lease sale.

-Additional information may be acquired at www.glo.texas.gov, or by calling George Martin at (512) 475-1512, Robert Hatter at (512) 475-1542, or the GLO’s toll-free number at (800) 998-4GLO (4456). The mailing address is: Texas General Land Office, Mineral Leasing Division, 1700 N. Congress Ave., Ste. 840, Austin, Texas 78701-1495.

-A $100.00 Nomination Fee must be paid for each tract nominated. More than one tract may be included in the nomination letter.
-Nominated tracts generally fall into five categories:
1- Surveyed School Land – unsold upland tracts and tracts sold by the state with a mineral reservation.
2- Rivers, Creeks, Lakes and Bayous (not tidally influenced)
3- Bays, Lakes, Islands and Bayous (tidally influenced)
4-Gulf of Mexico 5) Agency Lands – state parks, prison land, and other lands owned by state agencies whose oil and gas leasing is managed by the GLO.

Gulf of Mexico and bay tracts containing 640 acres (except shoreline tracts) have been divided into north and south halves for nomination and bidding purposes (northeast and southwest halves in the Galveston Bay and Corpus Christi Bay systems). Shoreline tracts are divided on a case-by-case basis. Gulf of Mexico tracts containing 5,760 acres have been divided into north and south halves of each quarter (720 acres) for nomination and bidding purposes.

A complete legal description of each nominated tract must be provided by the nominator. The following items should be included in the description, where applicable:

Surveyed School Land – section or tract number, block, township, survey name, abstract number, county and number of acres.
Rivers, Creeks, Lakes and Bayous (not tidally influenced) – name of the waterbody, county, and, for rivers and creeks, a plat depicting the upstream and downstream boundaries (typically an extension of an Original Texas Land Survey boundary).
Bays, Lakes, Islands and Bayous (tidally influenced) – name of the waterbody, tract number, part (ex: N/2 or S/2), county and number of acres.
Gulf of Mexico – tract number including “S” for small tracts and “L” for large tracts, part (ex. N/2 NW/4), county and number of acres.
Agency Lands – tract number, facility name, county, number of acres and a plat depicting the area to be nominated.

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.