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Mr. Neil Nelson <br />July 28, 1981 <br />Page Two <br />1.2 <br />For drilling more'or less than 300 feet <br />of 12 -inch open hole <br />$ <br />17.00/ft. <br />1.3 <br />For furnishing, delivering, and placement <br />of more or less than 600 cubic feet of <br />mixed cement. <br />$ <br />17.00/C.F. <br />1.4 <br />For well development more or less than <br />20 hours. <br />$ <br />56.00/hr. <br />1.5 <br />For pump testing more or less than <br />eight (8) hours. �_ <br />$ <br />56.00/hr. <br />1.6 <br />For standby time when directed by the <br />Consultant. <br />.$157.00/hr. <br />Notes: <br />1. All vertical measurements shall be taken from +23 feet NGVD. <br />2. Adjustments 1.1 - 1.6 are to establish unit prices and will be <br />used to adjust Item 1.0, Lump Sum Price, for well with respect <br />to actual quantities used in the field -to install the well. <br />Should we be awarded this project, we request an appropriate time extension <br />to complete the third production well. This quotation is submitted on <br />the request of Tom Tessier of Geraghty & miller, Inc. in West Palm Beach, <br />Florida. <br />RJK:pac <br />cc: Tom Tessier, <br />Geraghty & Miller <br />Very truly yours, <br />ALSAY-PIPPIN CORPORAATION <br />V Russell J. Kerrn <br />Senior Vice President <br />43 <br />