SECOND AMENDMENT TO GAS SALES AGREEMENTGas Sales Agreement • November 14th, 2002 • Tipperary Corp • Crude petroleum & natural gas
This Second Amendment to Gas Sales Agreement (“Amendment”) is executed as of September 1, 2002, by Tipperary Oil & Gas (Australia) Pty Ltd (ACN 077 536 871) of GPO Box 1100, Brisbane, Queensland, Australia 4001 (“Seller”), and QUEENSLAND FERTILISER ASSETS LIMITED (ACN 011 062 294) of 76 Arthur Street, Roma, Queensland, Australia (“Buyer”).
October 7, 2002Contract of Sale • November 14th, 2002 • Tipperary Corp • Crude petroleum & natural gas • Texas
Mitchell Drilling Contractors Pty Ltd. (“Mitchell”) proposes to: (a) enter into Contract of Sale (“Soilmec Contract”) with Soilmec Branham, Inc. and Soilmec, S.p.A. (collectively “Soilmec”) substantially in the form attached as Exhibit A hereto to purchase the Material and Equipment (as defined therein) including, without limitation, one (1) G 102 Hydraulic Drilling Rig and certain other goods related thereto (“Soilmec Equipment”); (b) enter into a new Drilling Contract with Tipperary Oil & Gas (Australia) Pty Ltd. (“TOGA”) to drill forty-eight (48) wells on a turn-key basis utilizing the Equipment as summarized in Section 2 below; (c) extend and revise the Agreement for Hire dated effective November 20, 2000 between Mitchell and TOGA; and (d) purchase three (3) Atlas Copco XRVS 455Md compressors (“Compressors”) from TOGA as summarized in Section 4 below. For a sufficient consideration received by each, Mitchell and TOGA hereby agree on behalf of themselves, and their respective succes
