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Palo-Storm Cat Energy (USA) Purchase and Sales Agreement


NGL Extraction in the United States Article.

In January 2005 Storm Cat Energy (USA) Corporation entered into a definitive Purchase and Sale Agreement with Palo Petroleum, Inc. ("Palo") of Dallas, Texas to purchase all of Palo's right, title and interest in Palo's NE Spotted Horse Field, located on the eastern portion of the Powder River Basin, approximately 35 miles northwest of Gillette, Wyoming, for a cash purchase price of US $8,550,000.