Athabasca Oil Prospect Letter Agreement Sample Contracts

Anhydride Petroleum (Canada) Inc. Box 685, 440 — 10816 MacLeod Trail S. Calgary, Alberta T2J-5N8
Athabasca Oil Prospect Letter Agreement • March 24th, 2003 • Uranium Power Corp • Miscellaneous metal ores

Anhydride Petroleum (Canada) Inc. (“APC”), a wholly owned subsidiary of Uranium Power Corporation and PNG Ventures, Inc. (“PNG”) settled this agreement whereby PNG may earn a working interest in a well known as the AOC 7-32-89-10 W4M together with certain petroleum and natural gas licenses located in North East Alberta and beneath the Athabasca Tar Sands.

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