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Exhibit 10.17

 

 

LETTER OF INTENT

 

PURCHASE OF AENY OIL & GAS ASSETS

 

This Letter of Intent for the PURCHASE OF AENY OIL & GAS ASSETS , hereinafter referred to as "LOPI" entered into this 3rd day of April, 2011 by and between Americas Energy Company-AECo, 243 N. Peters Road, Knoxville, Tennessee 37923 and/or their assigns hereinafter referred to as "AECo" and RJCC Group 1, Inc. or their assigns, hereinafter referred to as "RJCC". The parties agree as follows:

 

Whereas AECo is the Lessor of certain Oil and Gas Leases on several tracts of land containing permitted oil wells and prospect properties located in the county of Cumberland, State of Kentucky origin


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