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Exhibit 10.2

DEED OF ASSIGNMENT OF LICENCE PEDL 245

This Deed of Assignment is entered into the 21st day of December 2012

between

(1)
Alamo Energy Corp., a Nevada corporation, registered number CIK#: 0001360334,
with a mailing address of 10575 Katy Freeway, Suite 300, Houston, Texas, 77024,
USA (hereinafter “Alamo”);

 
(2)  
Aimwell Energy Limited, a company registered in England, registered number
05822509, whose registered office is at 10 Rosebery Avenue, Harpenden, Herts,
AL5 2QP, (hereinafter “Aimwell”);

(3)  
Northdown Energy Limited, a company registered in England, registered number
07768741, whose registered office is at Oldfield House, Oldfield Road, London
SW19 4SD, (hereinafter “Northdown”),

 
(Alamo, Aimwell and Northdown being hereinafter together referred to as “the
Assignors”);
 
(4)
The Assignors other than Alamo (hereinafter together referred to as ‘the
Assignees’); and

(5)
The Secretary of State for Energy and Climate Change (hereinafter referred to as
the “Secretary of State”).

Whereas:
 
(A)  
The Assignors are the present holders of United Kingdom Petroleum Exploration
and Development Licence No. PEDL 245, covering Blocks TQ26, TQ36, TQ46 and TQ56
(‘the Licence’) dated 14th October, 2008 and granted with effect from 1 July
2008 under the Petroleum Act 1998 (or having effect as though granted under the
Act);  and

 
(B)  
The Secretary of State has by email dated 29th November 2012, given consent to
the execution of this Assignment.

 
 
Now this Deed witnesses as follows:

 
The Assignors hereby assign unto the Assignees all rights, interest, obligations
and liabilities of the Assignors in, under, pursuant to and in respect of the
Licence, to hold the same unto the Assignees, subject to the performance and
observance by the Assignees of the terms and conditions contained in the Licence
and on the part of the Licensee therein described to be performed and observed.
 
The Assignees jointly and severally covenant with and in favour of the Secretary
of State and the Assignors (and each of them) that they will perform and observe
the terms and conditions contained in the Licence and on the part of the
Licensee to be performed and observed.
 
 
 
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IN WITNESS WHEREOF this Deed of Assignment has been duly executed and delivered
by the parties hereto (other than the Secretary of State) on the day and year
first above written.
 
Executed and delivered as a Deed by

ALAMO ENERGY CORP.
acting by the following person who in accordance with the laws of the State of
Nevada is acting under its authority:
 
 

/s/ Allan Millmaker       Director      
 
/s/ Debra McVey
     
Witness
 
      Witness Name: Debra McVey      
Address:
 
 
      Occupation: HR Coordinator

 

Executed and delivered as a Deed by

AIMWELL ENERGY LIMITED

on being signed by:

 

/s/ Michael Rose       Director      
 
/s/ Alexander MacDonald
     
Witness
 
      Witness Name: Alexander MacDonald      
Address:
 
 
      Occupation: Investment Banker      

 

Executed and delivered as a Deed by

NORTHDOWN ENERGY LIMITED

on being signed by:

 
 

/s/ R. J. P. Ross       Director      
 
/s/ Alexander MacDonald
     
Witness
 
      Witness Name: Alexander MacDonald      
Address:
 
 
      Occupation: Investment Banker      

 
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