The Agreement is between an Operator and Participant. The Operator is the owner of the oil and gas leases covering the acreage described as the Contract Area in the Operating Agreement attached to this Agreement as Exhibit A. The Participant desires to acquire an undivided percent leasehold working interest in the Leased Acreage, and participate in drilling the well, which will be an approximate ft. test, which will be located on the Leased Acreage.