311
EXHIBIT 10.34
INDO-PACIFIC ENERGY LIMITED
Xxxx-Xxxxxxx Xxxxx
000 Xxxxxx Xxxx
XX Xxx 00000 Tel: (64-4-476 2717)
000 Xxxxxx Xxxx Fax: (64-4-476 0120)
Wellington, NEW ZEALAND Mob: (64-21-669358)
To: Bligh Oil & Minerals NL
Attention: Xxxx Xxxxxx, Chief Executive Officer
Cc: Euro Pacific Energy Pty Ltd.
Attention: Xxxx Xxxxxxx
2 May 1997
PEP 38716 Option Agreement
Further to my communication last night, I have now had the
opportunity to discuss with Xxxxx Xxxxxxxx the structure of
Australian Worldwide Exploration NL.
We are comfortable with the potential participation of Australian
Worldwide in PEP 38716, and also wish to advise that Indo-Pacific
would like to take up Bligh's offer dated 10 April to participate
pro rata in the Option Agreement with them.
We apologize for this late response on Bligh's offer.
We would assign interest from both Durum Energy Corp. and Durum
Energy (NZ) Ltd., should the option be exercised.
Best Regards,
/s/ Xxxxx Xxxxxxx
X X Xxxxxxx
for and on behalf of Iremco Group companies in PEP 38716
312
EURO PACIFIC ENERGY PTY LTD.
Registered Office: 000 Xxxxxx Xxxxxx, Xxxxx XX 0000
Postal Address: XX Xxx 0000, Xxxxx Xxxxxxxx Xxxxxx,
Xxxxx XX 0000
Phone: (00) 0000 0000
Fax: (00) 0000 0000
TO: Xxxxxxxxx Enterprises Limited Xxxxx Xxxxxxx
07 3 221 6625
Indo-Pacific Energy Pty Ltd. Xxxx Xxxxxxx
RE: Option
FROM: Xxxx Xxxxxxx
DATE: 12 May 1997
Our Ref: 250/3.8
Number of pages 1 (including this one)
The undersigned has at last established contact with Xxxxx
Xxxxxxxx. Following those discussions, Euro Pacific Energy Pty
Ltd., advises that it will participate in the option agreement.
Should circumstances cause the option not to be exercised, Euro
Pacific Energy Pty Ltd requires immediate notification.
Regards
Xxxx Xxxxxxx
