1
EXHIBIT 10.12
[CANPET ENERGY GROUP INC. LETTERHEAD]
December 17, 1999
Geocan Energy Inc.
800, ▇▇▇ - ▇▇▇ ▇▇▇▇▇▇ ▇.▇.
Calgary, Alberta
T2P 0Z3
ATTENTION: ▇▇. ▇▇▇▇ ▇.▇. ▇▇▇▇▇▇
Dear ▇▇▇▇:
Re: CRUDE OIL PURCHASE AGREEMENT - C99-0059
GEOCAN ENERGY INC., ("Seller") agrees to sell and deliver to CANPET ENERGY
GROUP INC., ("Buyer") and ▇▇▇▇▇ 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/ ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇
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/ ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇
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)
---------------------
