Exhibit 10.3

Exhibit - Georgia Exploration, Inc. Form 10-QSB

10.3 Agreement between Wharton Resources LP and Orbit Energy, LLC effective September 1, 2006 for the development of the Mound Branch Prospect in Elk County, Kansas.

MOUND BRANCH PROSPECT

DEVELOPMENT AGREEMENT

ELK COUNTY, KANSAS

STATE OF: KANSAS	§	RE: MOUND BRANCH PROSPECT
	§
COUNTY OF: ELKk	§

THIS AGREEMENT (the “Agreement”) is made and entered into effective the 1^st day of September 2006 (the “Effective Date”), by and between Wharton Resources LP, a Texas Limited Partnership, hereinafter called “Wharton”, and Orbit Energy, LLC, a Nevada Limited Liability Company, hereinafter called the “Orbit”. Wharton and Orbit are collectively referred herein as the “Parties”, and singularly, a “Party”.

WHEREAS:

(a) Orbit and/or its principals hold certain oil and gas leases in Elk County, Kansas totaling approximately 8,800+- acres as described in Exhibit “A” attached hereto;

(b) The lands associated with the leases described in Exhibit “A”, any additional leases acquired that expands or extents the lease acreage under the oil and gas leases described in Exhibit “A”, and any acreage acquired or contiguous to the proposed Mound Branch Gathering System, all which are hereinafter referred to as the “Area of Mutual Interest” (the “AMI”), all as presented in Exhibit “B”;

(d) Wharton desires to participate in the further evaluation and assessment of the AMI, and based on the outcome from such evaluations, may have an interest to participate in the Mound Branch Infrastructure and Reserve Development Program;

(e) Wharton is willing to contribute funding necessary to effect and progress additional testing and evaluation of the AMI; and

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(f) Based on the conclusions reach from such testing and evaluation, Parties desire to enter into good faith negotiations to develop a definitive purchase and sale agreement for:

(i)

the oil and gas leases identified in Exhibit “A”,

(ii)

any additional acres that may be acquired in the AMI (including acreage associated with the proposed Mound Branch Gathering Line) as identified in Exhibit “B”; and

(iii)

existing well bores that have been drilled to date (8 wells) on the AMI lease acreage including a quantification of the fair value of the Mound Branch leases and existing well bores that would be subject to the purchase and sale agreement.

PARTIES NOW THEREFORE AGREE:

Wharton will remit payment to Orbit totaling one hundred thousand dollars ($100,000) (the “Initial Payment”) on the Effective Date of this Agreement, for Orbit’s use in conducting additional testing and evaluations of the AMI;

The Initial Payment made by Wharton to Orbit shall be applied against the purchase and sale price for the AMI negotiated pursuant to a definitive purchase and sale agreement;

Orbit shall conduct all testing and evaluations of the AMI within ninety days (90) of the Effective Date of this Agreement;

Orbit shall give Wharton a minimum of twenty-four hour (24) notice of any tests to be performed on the AMI, and Wharton shall have the right to witness and observe the testing procedures, if it so elects;

Whether witnessed or not, Orbit shall provide Wharton with the results and conclusions of all evaluations and tests performed with twenty-four hours (24) of Orbit’s receipt of such materials;

Parties agree to use best efforts in the development of a definitive purchase and sale agreement for all lease acreage within the AMI, and for existing wells bores drilled to date in the AMI;

In the development of a purchase and sale agreement, Parties agree to use good faith in the formulation of a fair value for the acreage, wells and any associated reserves to be acquired by Wharton from Orbit pursuant to a definitive purchase and sale agreement;

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Shall Parties be unable to mutually agree on the fair value of the purchase and sale transaction, Parties agree to engage an independent third party, acceptable to both Parties, to make a fair market value appraisal of the assets subject to the purchase and sale agreement;

Parties agree to use the fair value developed in the appraisal by the independent third party for the definitive purchase and sale agreement to be formulated between Parties;

10.

Wharton’s rights under this Agreement shall be exclusive, and for one-hundred fifty days (150) after the Effective Date of this Agreement, Orbit agrees not to initiate, solicit or consider any other offers associated with the AMI and any/or other tangible or intangible assets covered by or included in the AMI, and Orbit agrees to provide written notification to Wharton of any such solicitations or offers within twenty-four (24) hours of its receipt of such;

11.

Orbit may not assign this Agreement, without Wharton’s consent which may not be unreasonably withheld. Wharton may assign this Agreement without Orbit’s consent, in so much as the assignment is related to a merger or other transaction entered into by Wharton to effect financing;

12.

Orbit shall indemnify Wharton and its representatives, officers, directors, agents, employees harmless from any and all third party claims, liens, and demands arising out of Orbit’s operations in the AMI;

13.

Orbit shall maintain insurance to cover all its activities in and on the AMI that would be reasonable and customary in the U.S. oil and gas industry;

14.

This Agreement shall be construed under and in accordance with the laws of the State of Texas;

15.

All Parties duties, obligations and liabilities hereto intended under this Agreement shall be severable, and not joint or collective;

16.

This Agreement may be executed in multiple counterparts, each of which constitute one and the same legal instrument;

17.

This Agreement is the entire agreement between Parties with respect to the subject matter hereof, and replaces or supersedes any and all previous agreement with oral or written between Parties.

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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement effective as of the above Effective Date written.

ORBIT ENERGY, LLC

By:	/ s / Greg A. Thompson

Title:	President / Manager


WHARTON RESOURCES LP

By:	/ s / Don Sytsma

Title:	Director & CFO

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Exhibit A

Mound Branch Lease Calender

Lessor

Lease Date /

Royalty

HBP

Number of Acres

Legal Discription

County

State

Lease Exp. Date

Bellar Family Farm, LLC

Lease Date-

12/10/2005

3 years

1/8

Total Acres 125

Township 30 South , Range 11 East

Elk

Lease Exp. Date

12/10/2008

Section 29: E/2NE/4, NE/4SE/4, N/2SE/4SE/4

Lying North of County Rd

Eugene R. & Catherine S. Perkins

Total Acres 320

Lease Date-

2/11/2006

3 years

1/8

Lease (1) 160

Township 30 South , Range 11 East

Elk

Lease Exp. Date

2/11/2009

Section 18: NE/4

Lease Date-

2/11/2006

3 years

1/8

Lease (2) 160

Township 30 South, Range 11 East

Elk

Lease Exp. Date

2/11/2009

Section 18: E/2SW/4, W/2SE/4

Tom & Angela Russell,

Preston & Christina Jones

Total Acres 563

Lease Date-

2/25/2006

3 years

1/8

Lease (1) 280

Township 30 South , Range 11 East

Elk

Lease Exp. Date

2/25/2009

Section 21: NE/4NW/4, lying East of County RD, NE/4 Section 22: W/2SW/4, SW/4NW/4

Lease Date-

2/25/2006

3 years

1/8

Lease (2) 283

Township 30 South, Range 11 East

Elk

Lease Exp. Date

2/25/2009

Section 15: SW/4

Section 22: N/2NW/4, SE/4NW/4

Howard E. & Debbie J. Unruh

Lease Date-

2/25/2006

3 years

1/8

Total Acres 200

Township 30 South, Range 11 East of 6th P.M.

Elk

Lease Exp. Date

2/25/2009

Section 21: SE/4, NE/4SW/4, SE/4SW/4

Alvin V. Schibbelhute

Total Acres 400

Lease Date-

10/1/2005

3 years

1/8

Lease (1) - 240 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/1/2008

Section 12: SE/4, E/2SW/4

Lease Date-

10/1/2005

3 years

1/8

n/a

Lease (2) - 160 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date-

10/1/2008

Section 7: SW/4

David Denton

Total Acres 640

Lease Date-

10/13/2005

3 years

1/8

n/a

Lease (1) - 320 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/13/2008

Section 16: N/2

Lease Date-

10/13/2005

3 years

n/a

Lease (2) - 320 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/13/2008

Section 16: S/2

Dennis Bryan

Lease Date-

9/6/2005

3 years

1/8

n/a

Total Acres 80

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

9/6/2008

Section 19: E/2NE/4

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Exhibit A

Mound Branch Lease Calender

Robert Adams

Total Acres 920

Lease Date-

10/17/2005

3 years

1/8

n/a

Lease (1) 160 Acres

E/2 NW/4, W/2 NE/4, Sec32

Elk

Lease Exp. Date-

10/17/2008

T30S-R11E, Elk County, Kansas

Lease Date-

10/17/2005

3 years

1/8

Lease (2) 160 Acres

Township 30 South Range 11 East

Elk

Lease Exp. Date-

10/17/2008

Section 35: NE/4

Robert, Lakin, Linda Adams

Alice M. & Marion Brunetti

Lease Date-

10/17/2005

3 years

Lease (3)- 240 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/17/2008

Section 27: E/2SW/4, SE/4

Robert, Lakin, Linda Adams

Alice M. & Marion Brunetti

Lease Date-

10/17/2005

3 years

1/8

Lease (4)- 80 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/17/2008

Section 35: W/2NW/4

Robert A., Larkin & Linda T. Adams

Lease Date-

10/17/2005

3 years

Lease (5)- 120 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/17/2008

Section 23: SE/4SE/4

Robert A., Larkin & Linda T. Adams

Lease Date-

10/17/2005

3 years

Lease (6) 160 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

10/17/2008

Section 25: N/2NW/4

Phyllis A. & Neal F. Osborn Trustees of the

Phyllis A. Osborn Trust

Total Acres 640

Lease Date-

3/16/2006

3 years

1/8

Lease (1) 240 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

3/16/2009

Section 15: W/2SE/4

Section 22: NE/4

Lease Date-

3/16/2006

3 years

1/8

Lease (2) 160 Acres

Township 30 South Range 11 East

Elk

Lease Exp Date-

3/16/2009

Section 27: NE/4

Lease Date-

3/16/2006

3 years

1/8

Lease (3) 240 Acres

Township 30 South, Range 11 East

Elk

Lease Exp Date-

3/16/2009

Section 22: SE/4, E/2SW/4

M. Ruth Royse, Trustee of the M. Ruth Royce

Total Acres 640

Lease Date-

3/20/2006

3 years

1/8

Lease (1) 320 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

3/20/2009

Section 10: W/2

Lease Date-

3/20/2006

3 years

1/8

Lease (2) 320 Acres

Township 30 South, Range 11 East

Elk

Lease Exp. Date-

3/20/2009

Section 10: E/2

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Exhibit A

Mound Branch Lease Calender

Carl A. Linder & Betty Under

Total Acres 320

Lease Date-

1/21/2004

3 years

Lease (1)- 160 Acres

Township 31 South, Range 9 East

Elk

Lease Exp. Date

1/21/2007

Section 32 SE/4

Lease Date-

1/21/2004

3 years

Lease (2)- 160 Acres

Township 31 South, Range 9 East

Elk

Lease Exp. Date

1/21/2007

Section 32: SW/4

Roland G. & Carol M. Jordan

Total Acres 480

Lease Date-

12/24/2003

3 years

Lease (1)- 160 Acres

Township 31 South, Range 9 East

Elk

Lease Exp. Date

12/24/2006

Section 30: SE/4NE/4, NE/4SE/4, S/2SE/4

Lease Date-

12/24/2003

3 years

Lease (2)- 320 Acres

Township 31 South, Range 9 East

Elk

Lease Exp. Date

12/24/2006

Section 29: E/2NW/4, SW/4NW/4, SW/4 Section 32: SE/4NW/4

Dale, Charles E., Charles Edward & Eva Neucker

Lease Date-

1/30/2004

3 years

Total Acres 80

Township 31 South, Range 9 East

Elk

Lease Exp. Date

1/30/2007

Section 29: NW/4NW/4 Section 30: NE/4NE/4

Babst Family Limited Partnership

Total Acres 2524.1

Lease Date-

10/22/2005

1 year

1/8

Lease (1) - 649.55 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date

10/22/2006

Section 30: Lots 1,2,3,4 E2,a/d/a All lying East County (12 Ac.)

Babst Family Limited Partnership

Lease Date-

10/22/2005

1 year

1/8

Lease (2) - 239.34 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date

10/22/2006

Section 31: Lot 1 (39.34), NE/4NW/4,

N/2NE/4, a/d/aN/2N/2

Section 32: N/2NW/4

Babst Family Limited Partnership

Lease Date-

10/22/2005

1 year

Lease (3) - 626.60 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date

10/22/2006

Section 18: Lots 1,2,3,4

E/2W/2, E/2, a/d/a All

Babst Family Limited Partnership

Lease Date-

10/22/2005

3 years

Lease (4) - 320 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date

10/22/2008

Section 29: W/2

Babst Family Limited Partnership

Lease Date-

10/22/2005

3 years

Lease (5) - 688.61 Acres

Township 30 South, Range 12 East

Elk

Lease Exp. Date

10/22/2008

Section 19: Lots 1,2,3,4

E/2, a,d,a All (632.11 Ac.)

Township 30 South, Range 11 East

Section 24: All that part of the SE/4NE/4,

E/2SE/4 lying East of County Road ( 56.5 Ac )

Margaret P. Tidwell

7/13/2005

1 year

Total Acres 959

Section 29, 30 Various

Elk

Lease Date-

Lease Exp. Date

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Exhibit B

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MOUND BRANCH PROSPECT

DEVELOPMENT AGREEMENT

ELK COUNTY, KANSAS

First Amendment

The Mound Branch Prospect Development Agreement between Wharton Resources LP and Orbit Energy, LLC made effective the 1^st day of September 2006 (the “Agreement”) is amended and modified as follows:

Section 10 - is amended to provide:

During the one-hundred fifty day (150) exclusive period beginning with the Effective Date of this Agreement and continuing through February 1, 2007 (hereinafter referred to as the “Lock-Up Period”), Wharton is responsible for any lease renewal, minimum royalty, and other associated costs of drilling and testing the wells, or other similar payment obligation(s) associated with and/or arising from any lease acreage covered by the AMI under the Agreement. Such payments made by Wharton during the Lock-Up Period will be applied against the purchase and sale price for the AMI to be negotiated in connection with a definitive purchase and sale agreement between Parties.

The Agreement as amended and modified is in all other things confirmed, ratified and acknowledged by Parties to be in full force and effect.

This First Amendment shall extend to and be binding upon the Parties hereto, their heirs, successors, assigns and legal representatives as of the Effective Date of this Agreement.

ORBIT ENERGY, LLC


By:	/ s / Greg A. Thompson


Title:	President / Manager	11/13/06
		Date

WHARTON RESOURCES LP

By:	/ s / Don Sytsma


Title:	CFO	11/13/06
		Date

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