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EXHIBIT 10.6
JOINT VENTURE AGREEMENT
WHICHER RANGE, DATED OCTOBER 28, 1996
JOINT OPERATING AGREEMENT
AMITY OIL NL
GEOPETRO COMPANY
SEVEN SEAS PETROLEUM AUSTRALIA INC.
PENNZOIL EXPLORATION AUSTRALIA, INC.
Blakiston & Crabb
Solicitors
1202 Hay Street
WEST PERTH WA 6005
DX 91 PERTH
Tel: (09) 322 7644
Fax: (09) 322 1506
Ref: CL.AO/3727
INDEX
1 DEFINITIONS AND INTERPRETATION
1
2
JOINT VENTURE
5
3
NATURE OF RELATIONSHIP
5
4
PERCENTAGE INTERESTS
6
5
JOINT VENTURE PROPERTY
6
6
WARRANTIES
6
7
MANAGEMENT COMMITTEE
7
8
OPERATOR
7
9
APPOINTMENT AND REMOVAL OF OPERATOR
9
10
DUTIES AND OBLIGATIONS OF OPERATOR
9
11
ASSIGNMENT
11
12
PROGRAMMES AND BUDGETS
12
13
AUTHORITIES FOR EXPENDITURE
13
14
PAYMENT OF COSTS
14
15
NON CONSENT
14
JOINT OPERATING AGREEMENT
THIS JOINT OPERATING AGREEMENT is made 28 October, 1996.
BETWEEN:
AMITY OIL NL ACN 009 230 835 of 2nd Floor 33 Ord Street West Perth Western Australia ("Amity")Íž
AND
GEOPETRO COMPANY of Suite 700, 1 Maritime Plaza, San Francisco, California 94111, United States of America ("GeoPetro")
AND
SEVEN SEAS PETROLEUM AUSTRALIA INC. of Suite 305, Reunion Centre Building, Nine East Fourth, Tulsa, Oklahoma
74103, United States of America ("Seven Seas")
AND
PENNZOIL EXPLORATION AUSTRALIA, INC. of Craigmuir Chambers, PO Box 71, Road Town, Tortola, British Virgin
Islands ("Pennzoil").
RECITALS:
A.
Amity, GeoPetro and Seven Seas are the applicants for Petroleum Exploration Permit Application No 15/94-5 situated in
Western Australia and granted pursuant to the Petroleum Act.
B.
Ensign Operating Co. was a party to the Permit application but has withdrawn.
C.
Pursuant to the Farm-out Agreement, Amity and GeoPetro have