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EXHIBIT 10(F)
ADDITIONAL CONTRACT NUMBER 1 TO CONTRACT DIJ - 1207
SELLER : ARGOSY ENERGY INTERNATIONAL AND NEO ENERGY INC.
OBJECT : CONTRACT OF PURCHASE AND SALE OF XXXXXXX CRUDE
PERIOD : JANUARY 1, 1998 TO DECEMBER 31, 1998
VALUE : UNDETERMINED AMOUNT
The contracting parties, on the one hand the COLOMBIAN OIL COMPANY "ECOPETROL",
which will from now on be called ECOPETROL, a Commercial and Industrial Company
of the State, duly authorized by Law 165 of 1948 and ruled by its statutes,
approved by Decree 1209 of 1994, with main domicile in the city of Santafe de
Bogota, D.C., represented by XXXX XXXXXXX XXXXX G., of legal age, identified
with citizenship I.D. No. 19.125.070 issued in Bogota, with domicile in Bogota,
who manifests that, in his condition of Vice President of International Commerce
and Gas of ECOPETROL and duly faculted by the internal regulations of ECOPETROL,
in particular by the Administrative Control Manual in its Second Chapter, acts
in name and representation of this Company. On the other hand ARGOSY ENERGY
INTERNATIONAL, company organized and existing according to the laws of Utah,
United States of America, domiciled in Salt Lake City, Utah, with branch
established in Colombia, constituted by means of Public Deed number 5323 issued
by Notary Seventh of Bogota on October 25, 1993 and inscribed in
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the Chamber of Commerce of Bogota on November 23, 1983 with registration No.
2008848, represented by XXXXXXXX XXXXXXXX XXXXXX, of legal age, identified with
citizenship I.D. No. 5.584.373 of Barrancabermeja and NEO ENERGY INC., a company
organized and existing in accordance with the laws of the State of Texas, United
States of America, domiciled in Dallas, Texas, whose branch is established in
Colombia, constituted by means of Public Deed number 6.179, issued by Notary
Fourth of Bogota on October 23, 1986 and inscribed in the Chamber of Commerce of
Bogota, represented by XXXXX X. XXXXX, of legal age and identified with
citizenship I.D. number 126.688 of Bogota, these companies will from now on be
designated as THE SELLER, who together with ECOPETROL have agreed to celebrate
the additional contract by means of which the duration of the purchase and sale
contract DIJ - 1207 is extended, with the following considerations a) That
ECOPETROL subscribed the purchase and sale contract DIJ - 1207 with companies
ARGOSY ENERGY INTERNATIONAL and NEO ENERGY INC. for a period beginning on
February 1, 1997 and ending on December 31, 1997; b) That both parties by common
consent decided in due time to extend the duration of the contract for twelve
(12) additional months; c) That by means of this additional contract the
agreement that determined the extension of contract DIJ - 1207 is formalized. In
accordance with the above mentioned considerations, the parties agree to: CLAUSE
ONE - Extend the duration of contract DIJ - 1207 for the period included between
January first (1), 1998 and December 31,
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1998, under the same terms and conditions stipulated in the original contract.
CLAUSE TWO - The present document does not constitute a novation of contract DIJ
- 1207, which continues fully in force in all that has not been modified by this
additional contract. Duly signed in Santafe de Bogota, D.C., on December,
nineteen ninety seven (1997).
COLOMBIAN OIL COMPANY ARGOSY ENERGY INTERNATIONAL
XXXX XXXXXXX XXXXX G. XXXXXXXX XXXXXXXX XXXXXX
Vice President of Legal Representative
International Commerce and Gas
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