SETTLEMENT AGREEMENT January 6, 2006Settlement Agreement • January 12th, 2006 • Fortune Oil & Gas Inc • Crude petroleum & natural gas • New York
Contract Type FiledJanuary 12th, 2006 Company Industry JurisdictionSet forth below are the terms under which Fortune Oil & Gas, Inc. (“FOGI”), Fortune Ship Management, Ltd. and Indo Pacific Resources (JAVA) Ltd. (“IPR”) (collectively, “Fortune”), National Oil Well Maintenance Company (“NOWMCO”) and Enterprise Trading Limited (“Enterprise”) agree to settle. All dollar amounts set forth herein are in US dollars, unless otherwise indicated.