Home Oil Company Limited
000 Xxxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx
Telephone
Amherst 6-7041
June 24, 1959
Canada Southern Petroleum Ltd.,
Magellan Petroleum Corporation,
Oil Investments, Inc.,
000 Xxxxxx Xxxxxx Xxxx,
Xxxxxxx, Xxxxxxx
Dear Sirs:
This is to advise you that as further consideration for you entering
into that certain Agreement dated as of May 28, 1959, between the C-M-O group
and the H-S group, this company has agreed with you that they will guarantee the
performance by Xxxx County Land Company, Alminex Limited and United Oils Limited
of the respective covenants of those said companies contained in Article 3.1 (A)
and Article 3.l (B)(a) and (b).
Yours very truly,
HOME OIL COMPANY LIMITED
Per: _________________________
Per: _________________________
June 24, 1959
Canada Southern Petroleum Ltd.
000 - 0xx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx
Gentlemen:
This letter will serve as a memorandum confirming our further agreement
with respect to the contract which we have executed with you and certain other
parties today wherein you have agreed to assign a 50 percent interest in certain
Northwest Territories and Yukon Territory properties to us and the others to the
agreement, as follows:
1. We will cooperate with you in your efforts to promote oil and gas
pipe lines from Northeast British Columbia and the Northwest Territories to
market.
2. For purposes of financing we will furnish to you, Magellan and Oil
Investments, or to such third person banking institutions from time to time upon
your request confirmation that the payments provided for under paragraph 3.1 of
the said agreement constitute unconditional obligations.
Yours very truly,
HOME OIL COMPANY LIMITED
Per: _________________________
Per: _________________________
SIGNAL OIL AND GAS COMPANY
Per: _________________________
Per: _________________________
