EXHIBIT 10.1
VICTORIA PETROLEUM N.L.
Incorporated in Western Australia
13 July 2004
The Directors
Kestrel Energy Inc.
0000 Xxxx Xxxx., Xxxxx 000
Xxxxxxxx, XX 00000
Dear Sirs,
LOAN AGREEMENT DATED 8 JUNE 2004
The Directors of Victoria Petroleum N.L. agreed to advance funds on 8 June
2004, to Kestrel Energy Inc. as a short-term loan on the following terms and
conditions:
1. Amount of loan - AUD$70,912
2. Commencement date - 8 June 2004
3. Interest rate - 5.0% per annum to be paid on repayment of loan
4. Repayment terms - To be repaid in full upon Kestrel receiving funds
from Anadarko Petroleum Corporation in settlement
of farmout of Green River Project, or at call
5. Security - Unsecured
If the terms outlined above are acceptable please sign below.
Yours faithfully,
/s/ Xxxxx Xxxxxx
XXXXX XXXXXX
Company Secretary
I agree to the terms and conditions of the loan on behalf of Kestrel Energy Inc.
/s/ XXXXXXX X. XXXXX
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Xxx Xxxxx
Director
36th FLOOR, EXCHANGE PLAZA, 0 XXX XXXXXXXXX, XXXXX, XXXXXXX XXXXXXXXX 0000
