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ASSIGNMENT
OF
FARMOUT INTEREST

     THIS ASSIGNMENT is made and entered into, by and between, West Canyon
Energy Corp., also known as PetroSouth Energy Corp. hereinafter collectively
referred to as “Assignor”, and Cobra Oil & Gas Company, hereinafter referred to
as “Assignee”.

     WHEREAS, this Assignment concerns and effects a change in ownership of a
25% interest in and to that certain Farmout Agreement dated February 1, 2008
(FOA copy attached) by and between Transco Oil & Gas, Inc. (TOG) as Farmor and
the Assignor (set out above) to this Assignment. Assignor is the owner and
holder of a 25% interest in and to the FOA to the “North Semitropic Prospect”
(Prospect) more fully described in the FOA and located in Kern County,
California. Assignor hereby agrees to transfer Assignor’s 25% interest in the
FOA to Assignee along with all rights, benefits and obligations therein stated.
Assignee hereby agrees to accept said 25% interest in the FOA herein assigned
along with all rights, benefits and obligations therein stated. Assignee
acknowledges that the drilling and testing of the Prospect is eminent, and
failure to meet cash calls as per the FOA will result in a loss of interest in
the FOA and Prospect. Assignee states that it has read and fully understands the
FOA and hereby accepts same and agrees to abide by all the terms and conditions
therein stated.

     WHEREAS, this Assignment is made in accordance with and expressly subject
to the terms and provisions of the FOA and shall become immediately affective
upon execution by both Assignor and Assignee and approval of TOG as Farmor to
the FOA stated above.

     NOW, THEREFORE, in consideration of the sum of $34,000.00 and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Assignor does hereby convey, transfer and assign to Assignee all
of Assignor’s right, title and interest in and to the said FOA and Prospect
described above.

     This Assignment shall inure to and be binding upon the respective
successors and assigns of the parties hereto.

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          IN WITNESS WHEREOF, this Assignment is executed the day and year as
set out below.

ASSIGNOR:   ASSIGNEE:       Dated:____16 June 2008_____________  
Dated:_______________________       West Canyon Energy Corp.   Cobra Oil & Gas
Company       (aka PetroSouth Energy Corp.)                
By:___________________________________   By:___________________________________
                 Fred B. Zaziski - Chairman                  Max Pozzoni -
President                  20333 State Hwy. 249                  Uptown Center  
               Suite 200 – 113                  2100 West Loop South            
     Houston, TX 77070                  Suite 900                    Houston, TX
77027                   APPROVED by TOG as Farmor:          
Dated:_______________________           Transco Oil & Gas, Inc.                
By:___________________________________                Larry J. Messmer –
President                11605 Meridian Market View                Unit 124, #
303                Falcon, CO 80831    

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