Exhibit 10.15



Thomasson Partner Associates, Inc.



April 14, 2004



Mr. George Young

Fellows Energy Ltd.

8716 Arapahoe Road

Boulder, CO 80303



|RE: | Letter Agreement
|--- | ----------------

| | Election to Purchase
| | --------------------

| | Bacaroo Project
| | ---------------

| | Baca County, Colorado
| | ---------------------



Dear George:



Pursuant to our Exploration
Services Funding Agreement dated January 26, 2004 (EFSA), this letter shall serve as Fellows Energy Ltd.s (Fellows) election and agreement to purchase the Bacaroo Project. Thomasson Partners Associates, Inc.
(Thomasson) and Fellows shall herein be collectively referred to as the Parties. The Parties hereby agree as follows:



| | 1. | Subject to the terms and conditions of the EFSA, the Bacaroo Project was shown to Fellows as a formal presentation on March 9, 2004.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Pursuant to Thomassons Exploration Service Funding Agreement with The Houston Exploration Company (Houston) dated January 13, 2003, the Circus Project was also
shown to Houston. Houston has elected not to participate in this Project.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | Subject to the terms and conditions of the EFSA, Fellows hereby elects and agrees to purchase one hundred percent (100.00%) of the Bacaroo Project.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Subject to the terms and conditions of the EFSA That the geographical definition of the Area of Mutual Interest for the Bacaroo Project, shall be as follows:
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------



*



(all township are located in Baca County, Colorado)



| | 5. | That Fellows election date to purchase the Bacaroo Project shall be April 14, 2004 and that fifty percent (50%) of Thomassons Project Fee, as defined in the EFSA, shall
be paid to Thomasson by Fellows no later that April 26, 2004.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | That all of the terms and conditions contained in the EFSA shall govern Fellows operations on and in the Bacaroo Project.
| | -- | --------------------------------------------------------------------------------------------------------------------------



Please signify your acceptance and agreement to the foregoing by signing and returning one
(1) copy of this letter to the undersigned.



|* |  | Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission.
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





---

Very truly yours,



James E. Sullivan, as attorney-in-fact for

Thomasson Partner Associates,
Inc.



AGREED TO AND ACCEPTED this
 day of , 2004:



|                    |  | 
|------------------- |  | 
|FELLOWS ENERGY LTD.
|                    | 
|By                  |  | 
|                    |  | 



|* |  | Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission.
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------