DDD. February 20, 2006, letter from Renaissance to DNR.

eTMENT ‘,X
RaO(ACES
•
gaiAliCANCE USOURCEC A/W), (W
An A/ ukln Limitzd
FEB 3 2006
Ccmpery
COMIa54-aiiai'a ;"7-FiCE
ANC*-17ASE•
59T.-3 Crovvr.ovtr.- Court
Piano, Texas 75093
February 20, 2006
Faxed to: I -907-269-8918
Michael Menge, Commissioner
Department or Natural Resources
Division or (Di I and Gas
550 West 7* Avenue, Suite 1400
Anchorage, AK 99501-3560
Re:
Additional Information
Appeal ofDeeember 22, 2005 Denial of Extension Request
Oil and Gas Lease ADL- 1369 i 16
North Middle Ground Shoal Unit
Dear Commissioner Menge:
This letter provides additional information to the formal written appeal of the
denial Or the request to extend Oil and Gas Lease ADL 369116 as set forth in that certain
letter dated December 22, 2005 From William Van Dyke, Acting Director of the
Department of Natural Resources, Division of Oil and Gas, State of-Alaska.
Additional Information pursuant to 11 AAC 02.030(h)
Rutter and Wilbanks Corporation ("Rutter and Wilbanks") has acquired 100% of
the working interest from Prodigy Alaska, LLC on approximately 36,000 acres on the
Northern Lights Prospect, Crook Inlet, Alaska, Please be advised, Renaissance Resources
(Alaska), LLC ("Renaissance") has a working relationship with Rutter and Wilbanks and
has obtained an exclusive option to acquire the 36,000 acres from Rutter and Wilbanks
upon lundine, of- Renaissance. Although this is a separate prospect from the North Middle
Ground Shoal Unit, this option indicates our commitment to explore and develop the
hydrocarbon resources of the Cook inlet, Alaska and further enhances our ability to
a:tract funding to mobilise a jack-up rig.
Renaissance is actively pursuing fundi:;g, and has recently received a term sheet
from KcyBanc. We hope to lock in funding from other financial institutions upon
cemplCtiOn of various due diligence requirements.
Exhibit DDD, 1 of 4
GOTTSTEIN06_000071
Page 2
Appeal or December 22, 2005 Denial or Extension Request
Oil and Gas Lease A DL-369116
Should you have any questions, please do not hesitate to call me at (214) 738-6945.
Mark R. Lanclt
Executive Vicc President
Exhibit DDD, 2 of 4
GOTTSTEINO6 000072
Rutter
buys Prodigy's Coc,- Act prospect - February 19, 2006 - Petrolett-. News
Page 1 or2
TNENT OF,
rNT"ikL.
FT-B
Providing coverage of Alaska and northern Canada's oil and gas
industry
February 2006
Vol. 11, No. 8
2.00a
WriCFkAGE
Week of February 19, 2006
Rutter buys Prodigy's Cook Inlet
prospect
' Midland, Texas-based independent oil and gas company Rutter and Wilbanks
Corp. has closed the purchase or the olTshore Northern Lights prospect in
Southcentral Alaska's upper Cook Inlet basin from Irving, Texas-based
independent Prodigy Alaska, Bill Rutter Ill told Pctro1ctm News Feb, 16,
Rutter said his company - has partners in the deal, and it may add several more
before drilling commences_
The 36,000-acre Northern Lights prospect will bring Rutter and W'ilbanks' total
acreage in the inlet to 96,000 acres, he said. The new leases arc offshore on the
North Cook Inlet anticline.
la 2004, Prodi,t2,y President Paul Fcnemorc told Petroleum News that the
Northern Lights project has "estimated gross recoverable oil reserves
and resource potential in the range of I l 1-358 million barrels of on equivalent,"
company's
All of the leases arc located in water depths of 100 feet or less and are close to
pipelines and oil and gas infrastructure, Fenemore said,
Rutter said 'no and his partners arc working to bring a jack-up rig to Cook Inlet to
drill the prospect in 2007.
"It's possible to get a jack-up rig in this year, but I'm not betting on it," he said.
Rutter said his company isn't qualified to operate offshore, but one of his partners
would consider being the operator at Northern Lights,
"It's g o ad news for Alaska, and more evidence that Cock Inlet is going to
become the province of the independents," he said_
Exhibit DDD, 3 of 4
GOTTSTEIN06_000073
hap:/dwww.petroleumnews.cornipnarchpop/0602 I 9-09.'n:n11
2/19/2006
Rutter buys Prodigy's Cot.. Allot prospect - February 19, 2006 - Petro
Page 2 orl
. News
Rutter said the company is planning to participate in the state's Cook inlet
arcawide lease sale planned for May.
"We've got some ideas there we'd like to pursue, and three prospects onshore on
the Kenai Peninsula we'd like to acquire," he said. "Cook Inlet is our major focus
in Alaska now."
R utter and Wilbanks was the largest bidder at the state's 2005 Cook Inlet
areawide lease sale, spending more than $314,000 of the 51,5 million hid for 55
tracts in the inlet.
—Steve Sutherlin
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulationraTetroleum.News.corn hrtini:Uwww.petr oleurnnews.corn
SUBSC
RIBE
Exhibit DDD, 4 of 4
GOTTSTEIN06_000074
hnp://www.pet:-oleurnnews.mniipnarcl-ipopi0602 I 9-09.html /II 9.'2.006