Deep Well Oil & Gas, Inc. 510, Royal Bank Building 10117 Jasper Avenue Edmonton AB T5J 1W8 Telephone: 780-409-9264 Fax: 780-409-9265
Exhibit
10.18
Deep
Well Oil & Gas, Inc.
000,
Xxxxx Xxxx Xxxxxxxx 00000 Xxxxxx Xxxxxx Xxxxxxxx XX X0X 0X0
Telephone:
000-000-0000 Fax: 000-000-0000
Xx.
Xxxxx
Xxxxx
Surge
Global Energy (Canada), Ltd
Surge
Global Energy Inc.
Dear
Xx.
Xxxxx,
This
letter confirms that the Board of Directors of Deep Well Oil & Gas, Inc. has
agreed to extend the date specified in Article 3.1 of the Farmout Agreement
dated February 25, 2005, between the Farmor and the Farmee, to September 25,
2005 under the following conditions, which are considered accepted with the
signature of yourself on this letter.
1).
Based
on the recommendation of Xx. Xx Xxxxxx, the location of the test well(s) are
to
be located at a different site as originally chosen. One of the reasons for
this
extension is to give extra time to prepare the new location to spud the
well(s).
2).
Any
assumed and/or real delays caused by either the Farmor or Farmee to execute
any
agreements, including, but not limited to, any anticipated financing
arrangements with financiers such as Promethean, as a result of negotiations
and/or discussions by either party and/or its legal representatives are as
of
this date declared as being irrevelant and the Farmor and Farmee mutually
release each party from any and/or real or presumed liabilities whatsoever
because of these delays.
Signed
in
the City of Calgary, Province of Alberta,
this
fourteenth day of July in the year two thousand and five
/s/
Xxxxx X. Xxxxxx
|
/s/
Xxxxx Xxxxx
|
Xx.
Xxxxx X. Xxxxxx
|
Xxxxx
Xxxxx
|
Chairman
|
Chairman
|
Board
of Directors
|
Board
of Directors
|
Deep
Well Oil & Gas, Inc.
|
Surge
Global Energy (Canada), Ltd. and
|
Surge
Global Energy Inc.
|