1
EXHIBIT 10.12
[CANPET ENERGY GROUP INC. LETTERHEAD]
December 17, 1999
Geocan Energy Inc.
800, 000 - 0xx Xxxxxx X.X.
Calgary, Alberta
T2P 0Z3
ATTENTION: XX. XXXX X.X. XXXXXX
Dear Xxxx:
Re: CRUDE OIL PURCHASE AGREEMENT - C99-0059
GEOCAN ENERGY INC., ("Seller") agrees to sell and deliver to CANPET ENERGY
GROUP INC., ("Buyer") and Xxxxx agrees to purchase and accept CRUDE OIL on the
following terms and conditions:
1. PRODUCT: Marketable Crude Oil
2. VOLUME: As set out in Exhibit "A"
3. DELIVERY POINT: As set out in Exhibit "A"
4. TERM: To begin November 1, 1999 and continuing thereafter on a
monthly basis subject to the issuance by either party of
one (1) full calendar month written notice of
cancellation.
5. PRICE: CANPET's price at the delivery point.
The General Provisions attached hereto are made a part of this agreement.
Sincerely,
CANPET ENERGY GROUP INC.
/s/ XXXX XXXXXXX
XXXX XXXXXXX
PRODUCER SERVICES REPRESENTATIVE
ACCEPTED & AGREED TO WITH EFFECT FROM
THE FIRST DAY OF THE TERM, DATED THIS
31 DAY OF DEC., 1999.
GEOCAN ENERGY INC.
PER: /s/ [ILLEGIBLE]
--------------------------------
GST:
2
[CANPET ENERGY GROUP INC. LOGO]
GEOCAN ENERGY INC.
CRUDE PURCHASE CONTRACT C99-0059
EXHIBIT "A"
AMENDED EXHIBIT A EFFECTIVE DECEMBER 1, 1999
APPROXIMATE
LOCATION DELIVERY POINT VOLUME (M(3)/MONTH)
ENBRIDGE (SASK) MEDIUM
11-12-007-09W2 Pipeline Connected 250
PRODUCER TOTAL 250
===
Sincerely
CANPET ENERGY GROUP INC.
/s/ XXXX XXXXXXX
XXXX XXXXXXX
PRODUCER SERVICES REPRESENTATIVE
ACCEPTED 7 AGREED TO WITH EFFECT FROM
THE FIRST DAY OF THE TERM, DATED THIS
7TH DAY OF JANUARY, 2000.
GEOCAN ENERGY INC.
PER; [ILLEGIBLE)
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