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EXHIBIT 10.8.2
PETROLEUM AND NATURAL GAS LEASE
[Saskatchewan Energy and Mines Logo]
Withdrawn from: 06-Jun-2000 Sale PCL322
This Agreement, Effective 06-Jun-2000
BETWEEN:
HER MAJESTY THE QUEEN in Right of the Province of Saskatchewan, as represented
by the Minister of Energy and Mines, (the "Lessor"),
-and-
GEOCAN ENERGY INC. 70.000%
TIMBERWOLF ENERGY INC. 20.000%
TIMBERWOLF RESOURCES LTD. 10.000%
the ("Lessee")
GRANT
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1. In consideration of the rents and royalties reserved and excepted in
this Lease, and subject to:
(a) the terms and conditions of this Lease; and
(b) The Crown Minerals Act (the "Act") and any applicable regulations
(the "Regulations") made or continued under that Act, including but
not limited to The Petroleum and Natural Gas Regulations, 1969 (the
"Petroleum Regulations"), as that Act or those Regulations may be
amended, revised, or substituted from time to time;
the Lessor grants and leases to the Lessee the right to explore for, work,
recover, remove, and dispose of, the petroleum and natural gas within the
meaning of the Petroleum Regulations, (the "Petroleum"), insofar as the
Petroleum is the property of the Lessor and the Lessor has the right to grant
the same, that may be found within, upon or under the following lands (the
"leased area"):
PETROLEUM AND NATURAL GAS FROM THE SURFACE TO THE TOP PRECAMBRIAN
LOCATION SEC TWP RGE MER
NE 32 48 27 3
Total Hectares: 64.75 Total Acres: 160.00 (more or less)
HERITAGE SENSITIVE
TERM
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2. The term of this Lease shall be for a period ending five years from the
first day of April, 2001, provided that this Lease will be continued at the
expiration of this term if the requirements for continuance in the Petroleum
Regulations have been satisfied by the Lessee.
LESSEE COPY
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INDEMNITY
13. The Lessee shall keep harmless and indemnify the Lessor, its Ministers,
officials, agents and employees, past, present and future, from and against all
actions, suits, claims and demands arising out of or in connection with the
operations carried on by the Lessee, its employees, agents, licensees and
contractors, deriving from this Lease.
ERRORS
14. The Lessor may at any time by notice in writing to the Lessee revise this
Lease to correct errors.
LESSOR
15. For the purposes of this Lease, "Lessor" includes any person appointed by
the Lessor to perform and exercise any of the duties imposed and powers
conferred by this Lease, the Act and the Regulations.
NOTICES
16. Any notice or document required to be given or served pursuant to this
Lease, the Act or the Regulations shall be given or served by personal service
or registered mail to:
Saskatchewan Energy and Mines
0000 Xxxxxxxx Xxxxxx
XXXXXX, Xxxxxxxxxxxx X0X 0X0
In the case of the Lessee, at the address for service as indicated by the
records of the department pursuant to Section 82 of the Petroleum Regulations.
ENUREMENT
17. This Lease shall enure to the benefit of and shall be binding upon the
parties to this Lease and their respective heirs, executors, administrators,
successors and assigns.
HEADINGS
18. The headings used in this Lease are for convenience of use only and shall
not be considered in the interpretation of this lease.
IN WITNESS WHEREOF the Lessor and the Lessee have executed this Lease.
SIGNED, SEALED AND DELIVERED
[SEAL]
/s/ XXXX XXXXXXXXX
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LESSOR
Director of Geology &
Petroleum Lands Branch
GEOCAN ENERGY INC.
[SEAL]
/s/ XXXXX XXXXXX
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WITNESS LESSEE
with affidavit with seal Xxxxx Xxxxxx
President
TIMBERWOLF ENERGY INC.
[SEAL]
/s/ XXXXX XXXXXX
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Xxxxx Xxxxxx
President
TIMBERWOLF RESOURCES LTD.
[SEAL]
/s/ XXXXX XXXXXX
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Xxxxx Xxxxxx
President
