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PETROLEUM FUNDING v. WESTERN ENERGY DEV. CO.

No. 84CA0701.

713 P.2d 422 (1985)

PETROLEUM FUNDING CORPORATION, a Colorado corporation, Plaintiff-Appellee, v. WESTERN ENERGY DEVELOPMENT COMPANY, INC., a Colorado corporation, Defendant-Appellant.

Colorado Court of Appeals, Div. III.

December 19, 1985.

Attorney(s) appearing for the Case

Robert W. Johnson, John D. Braun, Colorado Springs, for plaintiff-appellee.

Roath & Brega, P.C., Roger P. Thomasch, Denver, for defendant-appellant.

BABCOCK, Judge.

Defendant, Western Energy Development Co., Inc. (WEDCO), appeals the summary judgment in favor of plaintiff, Petroleum Funding Corp. (PFC), on its claim seeking rescission of an alleged agreement to purchase an interest in a petroleum lease. We reverse.

PFC and WEDCO executed an A.A.P.L. Form 610-1977 Model Operating Agreement (joint operating agreement) for the purpose of drilling an oil and gas well on a tract of land in Adams County known...

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