Exhibit 10.30
[Letterhead of Cheniere Energy, Inc.]
December 31 1997
Xx. Xxxx X. Xxxxx
President & Chief Operating Officer
Zydeco Exploration, Inc.
0000 Xxx Xxxxx Xxxxxx
0000
Xxxxx Xxxxxx
Houston, TX 77002
Re: Exploration Agreement dated April 4, 1996, as Amended
Payment Required on December 31, 1997 Per Seventh Amendment
dated August 28, 1997
Dear Xx. Xxxxx:
In accordance with the provisions of the Exploration Agreement dated April 4,
1996, as amended, by and between Zydeco Exploration, Inc. ("Zydeco") and FX
Energy, Inc. now and hereinafter referred to as Cheniere Energy Operating Co.,
Inc. ("Cheniere") (the "Agreement"), Xxxxxxxx is obligated to pay Zydeco on or
before December 31, 1997 amounts as follows:
50% of Excess Costs accumulated to July 31, 1997 and
50% of the August cash call $2,177,000
50% of estimated additional Program Expenses
through December 31, 1997 750,000
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Total amount payable December 31, 1997 $2,927,000
==========
These amounts are as specified in the captioned Seventh Amendment to the
Agreement, which Amendment also specifies that there be no grace period for
amounts due on December 31, 1997, that timely payment on or before such date
shall entitle Cheniere to assignment of a one-half interest in all leases and
options acquired through such date by Zydeco for the joint account, and that
Cheniere shall also own the 50% interest in the Seismic Data as provided in the
Agreement.
Xxxxxx has requested that the payment be in the form of a wire transfer to its
account No. 1890324955 at Bank One, Texas, NA, Houston, Texas. Accordingly,
Xxxxxxxx is directing such a wire transfer to be made (copy of wire instructions
attached).
Zydeco Exploration, Inc.
December 31, 1997
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By its acknowledgment below, Xxxxxx accepts payment by Xxxxxxxx and agrees that
such payment satisfies its obligations for payment on December 31, 1997 as
specified in the Seventh Amendment to the Agreement, that such payment entitles
Cheniere to assignment of a one-half interest in all leases and options acquired
through such date by Xxxxxx for the joint account, and that Cheniere owns the
50% interest in the Seismic Data as provided in the Agreement.
Very truly yours,
CHENIERE ENERGY OPERATING CO., INC.
/s/ XXXXXX X. XXXXXXXX
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Xxxxxx X. Xxxxxxxx
President and Chief Executive Officer
ACCEPTED AND AGREED TO THIS
31st DAY OF DECEMBER, 1997
ZYDECO EXPLORATION, INC.
By: /s/ XXXX X. XXXXX
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Title: PRESIDENT, COO
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