EXHIBIT
      10.82

    

      
        	
                STATE
                  OF TEXAS

              	
                §

              
	 	
                §

              
	
                COUNTY
                  OF CHAMBERS

              	
                §

              


      
 

    NOTICE
      OF FORECLOSURE SALE

    CHAMBERS
      COUNTY, TEXAS

    


    Date:
       June
      5th,
      2008

    


    Deed
      of Trust, Mortgage, Assignment, Security Agreement, Fixture Filing and Financing
      Statement (“Deed
      of Trust”):

    


    
      	 	
              Dated:

            	
              May
                11, 2007

            
	 	 	 
	 	
              Grantor:

            	
              Tekoil
                and Gas Gulf Coast, LLC, a Texas limited liability
                company

            
	 	 	 
	 	
              Trustee:

            	
              John
                Howie

            
	 	 	 
	 	
              Lender:

            	
              J.
                Aron & Company

            
	 	 	 
	 	
              Recorded
                in:

            	
              The
                office of the County Clerk of Chambers County, Texas on May 14, 2003
                in
                Book 955, Page 588, Official Public Records.

            
	 	 	 
	 	
              Secures:

            	
              Promissory
                Note (“Note”)
                dated May 11, 2007, in the original principal amount of $50,000,000.00,
                executed by Grantor and payable to the order of Lender, and all other
                indebtedness of Grantor to Lender as described in the Deed of
                Trust

            
	 	 	 
	 	
              Property:

            	
              The
                real property, improvements and personal property described in the
                attached Exhibit
                A,
                that is attached hereto and made a part hereof.

            
	 	 	 
	 	
              Trustee’s

            	
              Haynes
                and Boone, LLP

            
	 	
              Address:

            	
              One
                Houston Center

            
	 	 	
              1221
                McKinney, Suite 2100

            
	 	 	
              Houston,
                Texas 77010

            


    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    


    Foreclosure
      Sale:
      


    

      
        	 	
                Date:

              	
                Tuesday,
                  July 1, 2008 

              
	 	 	 
	 	
                Time:

              	
                The
                  sale of the Property (“Foreclosure
                  Sale”)
                  will take place between the hours of 10:00 a.m. and 4:00 p.m. local
                  time;
                  the earliest time at which the Foreclosure Sale will begin is 10:00
                  a.m.

              
	 	 	 
	 	
                Place:

              	
                Chambers
                  County Courthouse in Anahuac,
                  Texas, in the area designated by the Chambers County Commissioners
                  Court
                  

              
	 	 	 
	 	
                Terms
                  of Sale:

              	
                The
                  Foreclosure Sale will be conducted as a public auction and the
                  Property
                  will be sold to the highest bidder for cash, except that Lender's
                  bid may
                  be by credit against the indebtedness secured by the lien of the
                  Deed of
                  Trust.

              


      

    

    


    One
      or
      more Events of Default have occurred in the payment of the Note. Because of
      the
      occurrence of the Events of Default, Lender, the owner and holder of the Note,
      has requested Trustee to sell the Property. 

    


    The
      Deed
      of Trust may encumber both real and personal property. Formal notice is hereby
      given of Lender's election to proceed against and sell both the real property
      and any personal property described in the Deed of Trust in accordance with
      the
      Lender's rights and remedies under the Deed of Trust and the Texas Business
      and
      Commerce Code.

    


    Therefore,
      notice is given that on and at the Date, Time and Place of sale described above,
      Trustee will sell the Property by public sale to the highest bidder for cash
      in
      accordance with the Deed of Trust.


    


    /s/
      John
      Howie

      
        

      

    

    John
      Howie

    Trustee



    
      
         

      

      
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                THE
                  STATE OF TEXAS

              	
                §

              
	 	
                §

              
	
                COUNTY
                  OF HARRIS

              	
                §

              


      

    

    


    This
      instrument was acknowledged before me on this 5th
      day of
      June, 2008, by John Howie, Trustee.


    

      
        	
                (SEAL)

              	
                    /s/  Maureen E. Meyers

              	 
	 	
                Notary Public, State of Texas

              


      

    

     

    MAUREEN
      E. MEYERS

    Notary
      Public, State of Texas

    My
      Commission Expires

    November
      15, 2009

     

     

    Exhibit
      A: Property Description

     

     

    AFTER
      RECORDING, RETURN TO:

    Haynes
      and Boone, LLP

    1221
      McKinney, Suite 2100

    One
      Houston Center

    Houston,
      Texas 77010

    Attn:
      Randy Browne

    


    
      
         

      

      
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