LEASELease Agreement • November 16th, 2004 • Derek Oil & Gas Corp • Drilling oil & gas wells • British Columbia
GOLDEN PROPERTIES LTD., a body corporate under the laws of British Columbia, having an office at 500 – 1177 West Hastings Street, Vancouver, British Columbia, V6E 2K3,
Suite 1550 – 355 Burrard Street Vancouver, B.C., Canada, V6C 2G8 Tel: (604) 331-1757 Fax: (604) 669-5193Heads of Agreement • November 16th, 2004 • Derek Oil & Gas Corp • Drilling oil & gas wells
On or about April 8, 2003 the SEC Oil & Gas Partnership entered into a Heads of Agreement whereby SEC Oil & Gas Partnership would earn a working interest in specific wells forming part of the LAK Ranch Oil Project. Further to our recent conversations, the following sets forth amended terms pursuant to which the SEC Oil & Gas Partnership will instead earn a 5.0% (five percent) working interest in the whole of the LAK Ranch Oil Project. This amended Heads of Agreement will replace and supersede the earlier Heads of Agreement dated April 8, 2003.
THIS AGREEMENT is dated for reference October 15, 2003 and shall be effective as of November 1, 2003 BETWEEN:Consulting Agreement • November 16th, 2004 • Derek Oil & Gas Corp • Drilling oil & gas wells • British Columbia
Derek Oil and Gas Corporation, a company duly incorporated under the laws of British Columbia and having an address of Suite 1201, 1111 West Hastings Street, Vancouver, B.C., Canada, V6E 2J3.
