HYDROARBON EXPLORATION AND PRODUCTION CONTRACT CARACOLI - Page 1 of 55 NATIONAL HYDROCARBONS AGENCYHYDROCARBON EXPLORATION AND PRODUCTION CONTRACTHydroarbon 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.
