Question on documents that were filed regarding our minerals

North Dakota Mineral Rights Mountrail County, ND
1

Can someone explain to me what the following documents mean.

It is a Mortgage Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement, Financial Statement. (all one document)

Recorded June 20, 2013 with a Maturity date June 2014

Then the same day there was a Second Mortage filed with a Maturity date of December 2014.

The first document is for $120,000,000. And the Second Mortgage is for 20,000,000.

I have not printed the documents to read the whole thing, plus I wouldn't understand most of it anyway.

So any ideas would be appreciated. It includes 4 different legals.

152-93-22

156-90-21

156-91-13

157-91-6

Thank you,

Sandy

2

Sandy, it sounds that you would benefit by consulting with a lawyer. We were very successful working with Patrick Donovan.

3

152-93-22 has 1 well

156-90-21 has 1 well

156-91-13 has 1 well

157-91-6 has no well

It's just a development loan from the bank and the Bank thinks there is more than $140,000,000 worth of oil under those 2560 [approximately] acres, more than $54,000 per acre. Go figure

4

Thanks Robert