EXHIBIT 10.17 July 15, 2004 Sent Via Facsimile (972) 248-4717 W.L. Addison Investment, L.L.C. 16300 Addison Road, Suite 300 Addison, Texas 75001 Attn: Mr. John E. Loehr Re: Option Agreement for the Purchase of Oil & Gas Leases Dated March 5, 2004...Option Agreement for the Purchase of Oil & Gas Leases • March 31st, 2005 • Gulfwest Energy Inc • Crude petroleum & natural gas
