Farmout And Option Agreement Sample Contracts

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Park Place Energy Corp. – Re: Farmout and Option Agreement N 1/2 Sec 22, SW 1/4 & Lsds 11 & 12 Sec 26 Twp 12 Rge 5 W4M Medicine Hat Area, Alberta (August 8th, 2007)

This letter is to evidence the Agreement between Park Place Energy Inc. (Park Place), Patch Energy Inc. (Patch) and Pine Petroleum Limited (Pine) pursuant to which Farmor grants to Farmee the right to earn an interest in the Farmout Lands, the Option Lands and the Area of Mutual Interest on the terms and conditions contained herein (the Agreement).

Park Place Energy Corp. – Reference: Amendment Farmout and Option Agreement South Med Hat Area, Alberta (August 8th, 2007)

Patch Energy Inc. (Patch) and Park Place Energy Inc. (Park Place) have entered into a Farmout and Option Agreement with Pine Petroleum Limited (Pine) dated September 25th, 2006 (Agreement) which provides for the Exploration and Development of certain Lands held by Pine located in Township 12, Range 5 W4M.

Sound – Contract (March 24th, 2006)

***Denotes certain parts that have not been disclosed and have been filed separately with the Secretary, Securities and Exchange Commission, and is subject to a confidential treatment request pursuant to Rule 24b-2 of the Securities Exchange Act of 1934.

Eden Energy Corp – Contract (March 17th, 2006)

***Denotes certain parts that have not been disclosed and have been filed separately with the Secretary, Securities and Exchange Commission, and is subject to a confidential treatment request pursuant to Rule 24b-2 of the Securities Exchange Act of 1934.

Quest Oil Corp – FARMOUT and OPTION AGREEMENT Empress Area, Alberta Made as of the 21st Day of January, 2005 (August 25th, 2005)

WHEREAS Farmor is prepared to grant Vega the right to earn an interest in the Farmout Lands and the Option Lands in which Farmor holds an undivided one hundred percent (100%) working interest, on the terms and conditions herein provided.