0001193125-06-041151 Sample Contracts

HYDROCARBON EXPLORATORY AND PRODUCTION CONTRACT-LUNA LLENA
Harken Energy Corp • February 28th, 2006 • Crude petroleum & natural gas

SECOND (2ND) COPY (PHOTOCOPY) OF THE DEED NO. 0216 OF JANUARY 30, 2006 TAKEN FROM ITS ORIGINAL IN CONFORMITY TO ARTICLE 41 OF DECREE 2148 OF 1983, ISSUED IN BOGOTA, D.C. IN FEBRUARY 1ST, 2006, IN THIRTY ONE (31) USEFUL SHEETS INTENDED TO: THE INTERESTED.

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HYDROARBON EXPLORATION AND PRODUCTION CONTRACT CARACOLI - Page 1 of 55 NATIONAL HYDROCARBONS AGENCYHYDROCARBON EXPLORATION AND PRODUCTION CONTRACT
Hydroarbon Exploration and Production Contract • February 28th, 2006 • Harken Energy Corp • Crude petroleum & natural gas

This document is to notify you by order and to the account of ( Name of the Company ) hereinafter referred to as the CONTRACTOR, we have issued on your favor this irrevocable standby letter of credit, for the sum of United States of America Dollars (US$ ), in order to guarantee the compliance with and the correct performance or any or all of the obligations of Phase of the Period of Exploration, which has a duration, and such other activities inherent to such obligations, pursuant to the CONTRACT OF EXPLORATION AND PRODUCTION XXXXXXXXXXXXXXXXX XXXXXXXXXX, entered into between the CONTRACTOR, and the ANH, on , hereinafter, THE CONTRACT.

EXPLORATION AND DEVELOPMENT AGREEMENT
Exploration and Development Agreement • February 28th, 2006 • Harken Energy Corp • Crude petroleum & natural gas • Ohio

This Exploration and Development Agreement (“Agreement”), dated and effective the 21st day of November, 2005 (the “Effective Date”), is entered into by and between Ohio Triangle, L.P., a Texas limited partnership (“Ohio Triangle”) and GEM-CBM Company f/k/a Harken Gulf Exploration Company, a Delaware corporation (“GEM”). Ohio Triangle and GEM are sometimes referred to individually as a “Party”, and collectively as “Parties.” Ute Oil Company, d/b/a. A.C.T. Operating Company, a Texas corporation (“Ute Oil”) is a party to this Agreement because it is to be designated as Operator under the applicable operating agreement and, therefore, will be bound by this Agreement.

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