Extension of Deadline Agreement Sample Contracts

April 13, 2006
Extension of Deadline Agreement • April 19th, 2006 • Ignis Petroleum Group, Inc. • Metal mining

Reference is made to the letter agreement dated March 31, 2005 (the "Original Agreement"), by and among Argyle Energy, Inc. ("Argyle"), Newton Properties, Inc. ("Newton"), and Bayou City Exploration, Inc. f/k/a Blue Ridge Energy, Inc. ("BCE"), pertaining to the North Wright Prospect Area, Acadia Parish, Louisiana (the "Prospect"), as amend by the letter agreement dated September 1, 2005, by and among Argyle, Ignis Petroleum Corporation ("Ignis") and BCE (the Original Agreement as amended thereby, shall be referred to herein as the "Agreement"). Unless otherwise noted herein, all capitalized terms used herein shall have the meanings given such terms in the Agreement and the Joint Operating Agreement ("JOA") attached as Exhibit B to the Agreement.

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March 29, 2006
Extension of Deadline Agreement • April 19th, 2006 • Ignis Petroleum Group, Inc. • Metal mining

Reference is made to the letter agreement dated April 22, 2005 (the "Original Agreement"), by and between Ignis Petroleum Corporation ("Ignis") and Newton Properties, Inc. ("Newton"), pertaining to the North Wright Field Prospect, Acadia Parish, Louisiana, as amended by the letter agreement dated September 30, 2005, by and among Ignis, Ignis Petroleum Group, Inc. ("IPG") and Newton (the Original Agreement as amended thereby, shall be referred to herein as the "Agreement"). All capitalized terms used but not defined herein shall have the meanings given such terms in the Agreement and the Joint Operating Agreement ("JOA") attached as Exhibit D to the Agreement.

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