Dear Mr Southampton
_____1____ our telephone conversation on Thursday, I am pleased to confirm the agency agreement giving you ____2____ for our products in the United States.
____3____ two copies of our terms for the agency agreement. Would you please ____4____ and return them to me, ____5____ any comments or amendments you would like to make regarding the contents?
____6____ concerning the conditions of the agency agreement ____7____.
I look forward to ____8____ to discuss the final contract, and hope this is the beginning of a long and mutually beneficial association.
Yours truly
Export Manager
1. «На основании»:
a) With reference to b) To refer to c) Having referred to
2. Эксклюзивное представительство:
a) exclusive representation b) sole agency c) only to represent
3. «В приложении вы найдете»:
a) Inside please find b) Enclosed are c) You will find joined
4. Просьба подписать оба экземпляра:
a) sign two copies b) sign the examples twice c) sign both copies
5. Вместе с:
a) together with b) besides c) further to
6. «Если у Вас возникнут новые вопросы»:
a) For all other information b) If you have more questions c) Should you have any further queries
7. «я в Вашем распоряжении»:
a) I am to be disposed of b) I am in your disposition c) please do not hesitate to contact me
8. «наша предстоящая встреча»:
a) our next meeting b) our forthcoming meeting c) meeting us soon
6.3 Study the information given below and make up a Letter of Intent between Cobra Oil & Gas Co. and Enercor, Inc.
HOUSTON -- Cobra Oil & Gas Co. (Hereafter "Cobra Oil & Gas"), an independent oil and gas exploration and production company headquartered in Houston, Texas, and focused on the strategic exploration and development of domestic energy projects, has entered into a Letter Of Intent with Enercor, Inc. (Enercor) to purchase 20% lease assignment upon completion of financing activities. Enercor holds a contract with Exxon Mobil Corporation regarding the conversion of certain of Exxon Mobil's leases covering approximately 26,000 acres of land owned by the BLM (Bureau of Land Management) in the State of Utah purported to hold an estimated potential of up to 1.4 billion barrels of oil in place in its tar sands. That contract provides that the Company use its resources to convert those leases into Combined Hydrocarbon Leases and then it will have the right to exploit the tar sands on those leases at its expense, paying a 1/16 royalty to Exxon Mobil on top of the 8% royalty that is due to the BLM.
Max Pozzoni, President of Cobra Oil & Gas, stated, "We look forward to establishing a working relationship with our new partners, as we aim to work together in what is the largest measured oil sands concentration in America."
The final agreement is expected to be signed on or before September 15th 2009.
About Cobra Oil & Gas Co.
Cobra Oil & Gas Co. is a publicly traded independent oil and gas exploration and production company headquartered in Houston, Texas (NASDAQ OTC BB: CGCA). Cobra Oil & Gas signed an LOI with Enercor Inc. for the purchase of a 20% lease assignment upon completion of financing activities on 23 Federal Leases in the central region of the P.R. Spring bituminous sandstone deposit in southern Uintah County, Utah on our Utah Oil Sands Prospect. These leases comprise 33,632 acres in total, approximately 15% of the entire P.R. Spring deposit. It is estimated the P.R. Spring deposit to contain 4.0 to 4.5 billion barrels of oil on Cobra's leases, according to the US Bureau of Mines. Cobra Oil & Gas has an option to buy a 50% interest with 100% working interest (WI) and approximately 80% net revenue interest (NRI) on 82,000 acres in Williston Basin, Over 300 Lodgepole Reef prospects have been identified with likely 100 drillable prospects and preliminary estimates of potential gas reserves totalling 260 billion cubic feet (BCF), comprising our Starbuck Prospects. Shareholders and prospective investors are encouraged to visit Cobra Oil & Gas's website: https://www.cobraoilgas.com and to subscribe to the email newsletter. Please feel free to call our investor relations toll-free at 1-866-503-8613 if you have any questions.
Forward-Looking Statements
Statements in this news release that are not historical facts are forwardlooking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to: the Company's belief that Cobra Oil & Gas can identify and successfully negotiate domestic leases for oil and gas properties in Utah and Montana, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.
(from: https://www.allbusiness.com/mining-extraction/oil-gas-explorationextraction-
oil/12585597-1.html)