Option Agreement for Oil and Gas Production Released by Legal Insider
An option agreement is a legal document stating that for a specific deposit amount an individual has first rights to make a purchase such as for stock or real property within a certain period of time.
In 2006, the Siberian Energy Group Inc. drafted an option agreement with Key Brokerage Inc. for the end purpose of oil and gas exploration and production in the Siberian region. Later that same year, Trimark Explorations Limited entered an option agreement with Brownsville Company for similar exploration purposes in Tanzania, Africa.
Both of these option agreements can be found on the RealDealDocs.com website, in addition to SEC Filings and a number of other legal documents drafted for the nation’s top companies.
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