EXPLORATION AGREEMENT BELL CITY, SOUTH AREA Calcasieu Parish, LouisianaExploration Agreement • September 28th, 2005 • Bontan Corp Inc • Crude petroleum & natural gas • Texas
This agreement (the “Agreement”), when executed by the parties hereto in the manner provided herein, will constitute the entire agreement by and between Keystone Oil Company, Inc. (“Keystone”), a Texas Corporation, whose address is 5646 Milton Street, Suite 713, Dallas, TX 75206 and Bontan Oil and Gas Corporation (“Bontan”), a Canadian Corporation, whose address is 47 Avenue Road, Suite 200, Toronto, Ontario, Canada M5R2G3 (individually a “Party”, or collectively the “Parties”). This Agreement will control the acquisition of oil and gas leases and the drilling and testing of a well or wells for the purpose of producing oil and natural gas located within the Bell City, South Prospect (the “Prospect”) in Calcasieu Parish, Louisiana. The Prospect consists of all lands included within the Area of Mutual Interest (the “AMI”) as defined on the attached Exhibit A which by reference is incorporated herein and made a part hereof.
CURRENT CAPITAL CORP. SUITE 200, 47 AVENUE ROAD TORONTO, ONTARIO M5R 2G3Bontan Corp Inc • September 28th, 2005 • Crude petroleum & natural gas
This letter confirms the terms of the agreement (“Agreement”) between Bontan Corporation Inc. (“Corporation”) and Current Capital Corp. (“CCC”).
CURRENT CAPITAL CORP. SUITE 200, 47 AVENUE ROAD TORONTO, ONTARIO M5R 2G3Bontan Corp Inc • September 28th, 2005 • Crude petroleum & natural gas
This letter confirms the terms of the agreement (“Agreement”) between Bontan Corporation Inc. (“Corporation”) and Current Capital Corp. (“CCC”).
