FARMOUT ACKNOWLEDGEMENT AGREEMENTFarmout Acknowledgement Agreement • February 23rd, 2007 • Deep Well Oil & Gas Inc • Crude petroleum & natural gas
WHEREAS Deep Well Oil and Gas, Inc. (herein “Deep Well”), Northern Alberta Oil Ltd. (herein “Northern”) (herein Deep Well and Northern collectively referred to as the “Farmors”), Surge Global Energy, Inc. (“Surge U.S.”) and Surge Global Energy (Canada), Ltd. (the “Farmee”) have entered into a farmout agreement dated February 25, 2005, as amended effective November 1, 2005 (the “Farmout Agreement”) with respect to those leases and lands described in Schedule “A” to the Farmout Agreement (known as the Sawn Lake oil sands property);
