EXHIBIT 10.1





                               AGREEMENT AMENDING



                        FARMIN & PARTICIPATION AGREEMENT



                                IN RELATION TO: -



                 31 EXPLORATION LICENSES AND 2 PRODUCTION LEASES



                            COVERING 3,042,624 ACRES



                  HELD BY MEMBERS OF THE SAYER GROUP CONSORTIUM



                            IN THE REPUBLIC OF TURKEY



                             DATED 14 NOVEMBER 2002

<PAGE>

THIS AGREEMENT is made on this 20th day of December 2002

BETWEEN:

(1)      ALADDIN MIDDLE EAST LTD ('AME'), a corporation organized and existing
         under the laws of the State of Delaware in the U.S.A., having offices
         in the city of Ankara and in the city of Wichita, Kansas, which is the
         designated Operator of all Sayer Group Consortium Exploration Licences
         and Production Leases in Turkey, ERSAN PETROL SANAYII A.S. ('ERSAN'), a
         corporation existing under the laws of the Republic of Turkey, having
         its head office in the city of Ankara, TRANSMEDITERRANEAN OIL COMPANY
         LTD. ('TMO'), a corporation existing under the laws of the British
         Columbia, Canada, having head office in the city of Vancouver, Canada,
         GUNEY YILDIZI PETROL URETIM SONDAJ MUTEAHHITLIK VE TICARET A.S.
         ('GYP'), a corporation existing under the laws of the Republic of
         Turkey, having head office in the city of Adiyaman (hereinafter
         collectively referred to as the SAYER GROUP CONSORTIUM ('SGC')); and

(2)      AVENUE ENERGY INC., a corporation organized and existing under the laws
         of the State of Delaware in the U.S.A., having offices at Sherman Oaks,
         CA, USA at 15303 Ventura Blvd., 9th Fl. Sherman Oaks, CA, USA and in
         Australia at 34-36 Punt Road, Windsor, Melbourne, Australia,
         (hereinafter referred to as 'AVENUE'); and

(3)      IT TECHNOLOGY INC., a corporation organized and existing under the laws
         of the State of Delaware in the U.S.A., having offices at Sherman Oaks,
         CA, USA at 15303 Ventura Blvd., 9th Fl. Sherman Oaks, CA, USA and in
         Australia at 34-36 Punt Road, Windsor, Melbourne, Australia,
         (hereinafter referred to as 'ITTE'); and

(4)      MIDDLE EAST PETROLEUM SERVICES LIMITED a corporation organized and
         existing under the laws of the Isle of Man, United Kingdom, having its
         registered office at Norton House, Farrants Way, Castletown, Isle of
         Man, 1M9 1NR, British Isles and its representative office at Level 1,
         160 Elizabeth Street, Hobart 7000, Tasmania, Australia (hereinafter
         referred to as 'MEPS').

RECITALS:

         (A)      The Parties entered into a Farmin and Participation Agreement
                  on 14 November 2002 (the 'FARMIN AND PARTICIPATION
                  AGREEMENT'), which is in full force and effect.

         (B)      ITTE has procured and Avenue has paid the Deposit of
                  US$250,000 as required pursuant to clause 2.1 of the Farmin
                  and Participation Agreement.

         (C)      ITTE and Avenue have confirmed that Avenue is in a position to
                  make when due the payment of US$1,250,000 under clause 3.2(b)
                  of the Farmin and Participation Agreement and a further
                  payment of US$500,000 on 10 February 2003, but have requested
                  additional time for ITTE to raise additional funds for Avenue
                  to acquire the full 45% interest in the Tosun License as
                  contemplated in the Farmin and Participation Agreement.

         (D)      SGC and MEPS have agreed to cooperate with ITTE and Avenue on
                  the terms and conditions set out in this Agreement.

NOW, THEREFORE, for and in consideration of the terms, conditions and covenants
herein set forth, the Parties agree as follows:

1.       DEFINITIONS AND INTERPRETATION

1.1      Unless otherwise defined in this Agreement, terms defined in clause 1.1
         of the Farmin and Participation Agreement same meaning where used in
         this Agreement.

1.2      Clause 1.2 of the Farmin and Participation Agreement shall apply as if
         set out in full herein.

2.       AMENDMENTS TO FARMIN AND PARTICIPATION AGREEMENT


<PAGE>

2.1      GENERAL

         The Parties hereby agree to amend the Farmin and Participation
         Agreement as set out in this clause 2. Each Party acknowledges and
         agrees that the Farmin and Participation Agreement, as amended by this
         clause 2, is and shall remain in full force and effect.

2.2      AMENDMENTS TO CLAUSE 3

         Clause 3 of the Farmin and Participation Agreement is deleted and
         replaced with the following:

         3.       TOSUN FARMIN

         3.1      ACQUISITION OF INTERESTS

         (a)      In consideration of the payment of US$1 to each of AME and
                  ERSAN (the receipt and sufficiency of which AME and ERSAN
                  hereby acknowledge) and subject to the terms and conditions of
                  this Agreement, AME and ERSAN (each as to a 17.5%
                  Participating Interest) agree to transfer and assign to Avenue
                  (or its Nominated Affiliate, if so requested by Avenue), and
                  Avenue agrees to accept (or procure that its Nominated
                  Affiliate accepts), free and clear of Encumbrances, an
                  aggregate 35% Participating Interest in the Tosun Licence. The
                  closing of such transfer and assignment shall occur
                  immediately following the making of the payment referred to in
                  clause 3.2(a)(ii).

         (b)      In consideration of the payment of US$1 to each of AME and
                  ERSAN (the receipt and sufficiency of which AME and ERSAN
                  hereby acknowledge) and subject to the terms and conditions of
                  this Agreement, AME and ERSAN (each as to a 5% Participating
                  Interest) hereby grant to Avenue (or its Nominated Affiliate)
                  the option to acquire, free and clear of Encumbrances, an
                  additional 10% Participating Interest in the Tosun Licence.
                  Exercise of such option shall be effected by the giving to AME
                  of a written notice signed by or on behalf of Avenue stating
                  that it is exercising such option. No such notice shall be
                  effective unless given on or prior to 10 February 2003.

         (c)      In the event that Avenue exercises the Karakilise Option but
                  does not exercise the option under clause 3.1(b) by midnight
                  on 10 February 2003, AME and ERSAN (each as to a 5%
                  Participating Interest) shall transfer and assign to Avenue
                  (or its Nominated Affiliate, if so requested by Avenue), and
                  Avenue shall accept (or procure that its Nominated Affiliate
                  accepts), free and clear of Encumbrances, an additional 10%
                  Participating Interest in the Tosun Licence. The closing of
                  such transfer and assignment shall occur within 5 Business
                  Days after the exercise of the Karakilise Option.

         (d)      For the avoidance of doubt, clauses 3.1(b) and 3.1(c) are
                  mutually exclusive.

         3.2      FARMIN PAYMENTS

         (a)      Avenue shall pay (or procure that its Nominated Affiliate
                  pays) to AME, as a fixed and final price for its share of the
                  dry-hole costs associated with the drilling of the Tosun-1
                  Well (inclusive of all taxes (other than Withholding Tax) and
                  other costs and expenses of any kind), the following sums:

                  (i)      US$250,000 by way of payment of the Deposit in
                           accordance with clause 2.1 (the receipt of which is
                           hereby acknowledged);

                  (ii)     a further US$1,250,000 promptly following execution
                           of this Agreement; and

                  (iii)    a further US$500,000 on or prior to 10 February 2003,
                           provided that drilling of the Tosun-1 Well is
                           proceeding in accordance with the Tosun Drilling
                           Contract.

         (b)      If Avenue or its Nominated Affiliate acquires a further 10%
                  Participating Interest in the Tosun Licence pursuant to clause
                  3.1(b), then as a further contribution to the drilling costs
                  referred to in clause 3.2(a) Avenue shall pay (or procure that
                  its Nominated Affiliate pays) to AME an additional US$500,000
                  within 5 Business Days after the Tosun Well has reached a
                  depth of not less than the 'Agreement Depth' specified in the
                  Tosun Drilling Contract, as notified by AME to Avenue.
<PAGE>

         (c)      If Avenue or its Nominated Affiliate acquires a further 10%
                  Participating Interest in the Tosun Licence pursuant to clause
                  3.1(c), then at closing of that acquisition Avenue shall pay
                  (or procure that its Nominated Affiliate pays) to AME:

                  (i)      if the Tosun-1 Well has resulted in a commercial
                           discovery, the sum of US$1,325,000 (being (A) 250% of
                           the amount specified in clause 3.2(b), plus (B) a
                           further US$75,000 in respect of the logging, running
                           of a completion string, cementing and perforating at
                           the Tosun-1 Well referred to in clause 3.3); or

                  (ii)     if the Tosun-1 Well has not resulted in a commercial
                           discovery, the sum of US$500,000 (being 100% of the
                           amount specified in clause 3.2(b)).

                  For purposes of sub-paragraphs (i) and (ii) above, "commercial
                  discovery" means any discovery of reserves of petroleum which
                  (1) are tested and produced in the well encountering the same,
                  or if not so tested, are determined by AME and Avenue as being
                  capable of being produced, and (2) can be exploited on a
                  commercial basis.

         3.3      OBLIGATIONS AT DISCOVERY

                  In the event of a discovery of hydrocarbons in the Tosun-1
                  Well which AME and Avenue, acting reasonably, agree merits
                  further appraisal, AME shall, as contractor for the
                  Participants in the Tosun Licence and in accordance with the
                  Tosun Drilling Program, undertake all requisite logging,
                  running of a completion string, cementing and perforating at
                  the Tosun-1 Well. The aggregate amount which AME may invoice
                  or otherwise charge to the Participants in the Tosun Licence
                  in respect of such works shall not exceed US$500,000, of which
                  Avenue's share is:

                  (a)      in the event that Avenue has not acquired and does
                           not acquire an additional 10% Participating Interest
                           in the Tosun Licence pursuant to either clause 3.1(b)
                           or clause 3.1(c), 40% (being a maximum of
                           US$200,000); or

                  (b)      in the event that Avenue has acquired or does acquire
                           an additional 10% Participating Interest in the Tosun
                           Licence pursuant to either clause 3.1(b) or clause
                           3.1(c), 50% (being a maximum of US$250,000).

         3.4      TOSUN JOA

         (a)      AME, ERSAN and Avenue have executed together with this
                  Agreement the Tosun JOA in a form agreed with MEPS pursuant to
                  clause 9.1(a). The Tosun JOA is in terms which assume that
                  Avenue (or its Nominated Affiliate) holds a 35% Participating
                  Interest in the Tosun Licence.

         (b)      Unless and until such time as Avenue acquires, pursuant to
                  clause 3.1(b) or (c), an additional 10% Participating Interest
                  in the Tosun Licence, clause 9.3(b) and (c) shall be deemed to
                  be replaced with the following insofar as they relate to the
                  Tosun Licence (but not in relation to any other SGC Interest):

                  "(b)     Subject to clauses 7.6, 8.2 and 8.3, the
                           Participating Interests in the Tosun License shall be
                           held and, subject to clause 9.3(d), the Net Pre-tax
                           Revenue derived by the Operator or the Participants
                           from the Joint Operations associated with the Tosun
                           Licence (including the sale of crude oil by AME on
                           behalf of the relevant Participants) shall accrue to
                           the Participants in the Tosun License, in the
                           following proportions:

                                    SGC Participants            55%

                                    Avenue                      35%

                                    MEPS                        10%

                  (c)      Except as otherwise provided in this Agreement, the
                           Joint Operating Expenses properly incurred after the
                           date of this Agreement in relation to the Tosun
                           License shall be borne in the following proportions:

<PAGE>


                                    SGC Participants            60%

                                    Avenue                      40%

                                For the avoidance of doubt, MEPS shall not be
                                required to fund the Joint Operating Expenses in
                                relation to the Tosun License."

                  (c)      Immediately upon Avenue acquiring, pursuant to clause
                           3.1(b) or (c), an additional 10% Participating
                           Interest in the Tosun Licence, the Tosun JOA shall
                           be, and shall be deemed to have been, amended as
                           follows:

                           (i)      by the deletion of the first sentence of
                                    Article 3.2.4 and its replacement with the
                                    following:

                                    "Notwithstanding Article 3.1, the share of
                                    any costs or expenses which the holder of
                                    the Carried Interest (or part thereof) is,
                                    or but for this Article 3.2.4 would be,
                                    required under the terms of Article 3.1 to
                                    contribute by virtue of the Carried Interest
                                    (or part thereof) held by it shall be the
                                    responsibility of and advanced by the
                                    Parties holding Percentage Interests that
                                    (in whole or part) are not the Carried
                                    Interest (including the holder of the
                                    Carried Interest or part thereof, in respect
                                    of that part of such holder's Percentage
                                    Interest (if any) that is not comprised of
                                    the Carried Interest or part thereof), as
                                    between them in proportion to their
                                    respective Percentage Interests (excluding
                                    any part thereof comprising the Carried
                                    Interest or part thereof).";

                           (ii)     by the deletion from Articles 5.10.1 and
                                    8.4.5 of the words "seventy percent (70%)"
                                    and their replacement with the words "fifty
                                    five percent (55%)";

                           (iii)    by the deletion from Article 9.2.1(iv) of
                                    the reference to "35%" and its replacement
                                    with a reference to "45%"; and

                           (iv)     by deleting from the definition of "Sunk
                                    Costs" the words "one hundred and fifty
                                    percent (150%) of".

         (d)      For the avoidance of doubt, as stated in clause 9.1(e) the
                  terms of the Tosun JOA shall prevail over and to the exclusion
                  of any conflicting provision of this Agreement, including in
                  the period referred to in clause 3.4(b), provided that no
                  consent shall be required under the Tosun JOA to the transfer
                  pursuant to this Agreement of a Participating Interest in the
                  Tosun Licence and a corresponding interest under the Tosun
                  JOA.

2.3      AMENDMENTS TO CLAUSE 4

         (a)      Clause 4.1 of the Farmin and Participation Agreement is
                  deleted and replaced with the following:

         "4.      KARAKILISE FARMIN

         4.1      GRANT OF KARAKILISE OPTION

                  In consideration of the payment of US$1 to each of AME and
                  ERSAN (the receipt and sufficiency of which AME and ERSAN
                  hereby acknowledge) and subject to the terms and conditions of
                  this Agreement, AME and ERSAN hereby grant to Avenue the
                  option to acquire, free from Encumbrances, a 45% Participating
                  Interest in the Karakilise Licence, provided that ITTE
                  confirms in writing to AME that the funding required under
                  clause 4.4 and (if applicable) clause 3.2(c) is available to
                  Avenue."; .

         (b)      Clause 4.2 of the Farmin and Participation Agreement is
                  amended by deleting the reference to "60 days" and replacing
                  it with a reference to "45 days".

2.4      AMENDMENTS TO CLAUSE 5

         (a)      Clause 5.2(a) of the Farmin and Participation Agreement is
                  deleted and replaced with the following:
<PAGE>

                  "If Avenue does not exercise the option in clause 3.1(b), then
                  with effect from midnight on 10 February 2003:

                  (i)      the "45%" percentage figure set out against the
                           reference to "AME" in clause 5.5(c) shall be deemed
                           to be amended to and read as "55%";

                  (ii)     the "45%" percentage figure set out against the
                           reference to "Avenue" in clause 5.5(c) shall be
                           deemed to be amended to and read as "35%";

                  (iii)    all other references in clause 5 to "45%" shall be
                           deemed to be amended to and read as "35%";

                  (iv)     for the purposes of the closing of the Acquisition of
                           the interests the subject of clause 5.1(b) (but not
                           any other Acquisition), the references to "45%" in
                           clauses 7.2(b)(i), 8.2(a)(i) and 8.3 shall be deemed
                           to refer to "35%"; and

                  (v)      in connection with the Acquisition of the interests
                           the subject of clause 5.1(b) (but not in connection
                           with any other Acquisition in relation to which
                           clause 7.6 applies), the words:

                                    "shall be held by the Parties, and as
                                    between such Parties in the proportions, set
                                    out in Schedule "A" in the column 'Post
                                    Farmin'"

                           shall be deemed to be deleted from clause 7.6 and
                           replaced with the words:

                                    "shall be held by Avenue or its Nominated
                                    Affiliate (as to a 35% Participating
                                    Interest), MEPS or its Nominated Affiliate
                                    (as to a 10% Participating Interest) and AME
                                    (as to the remaining 55% Participating
                                    Interest)"

         (b)      The following shall be inserted into the Farmin and
                  Participation Agreement as a new clause 5.2(d):

                  "If Avenue exercises the Kahta Option at a time when it is
                  still able to but has not exercised the option in clause
                  3.1(b) (so that it cannot be determined whether Avenue will be
                  acquiring a 35% or 45% Participating Interest under clause
                  5.1(b)):

                  (i)      closing of the Kahta Option will be delayed until (1)
                           12th February 2003 or (2) if Avenue exercises the
                           option under clause 3.1(b), the date upon which
                           closing is to occur in respect of that option
                           (whichever such date is the earlier);

                  (ii)     notwithstanding clause 5.2(c), clauses 5.3 to 5.6
                           shall apply with immediate effect on the assumption
                           that Avenue or its Nominated Affiliate will acquire a
                           35% Participating Interest only under clause 5.1(b),
                           provided that if the option in clause 3.1(b) is
                           exercised so that such Participating Interest is 45%,
                           then the rights and obligations of the Parties under
                           clauses 5.4 and 5.5 and the related Joint Operating
                           Agreement shall be determined as if Avenue or its
                           Nominated Affiliate had acquired such 45%
                           Participating Interest on the date upon which the
                           option in clause 5.1(b) was exercised; and

                  (iii)    AME shall not be required to conduct workover or
                           drilling operations under clause 5.4 at any time when
                           it determines that weather conditions do not so
                           permit."

<PAGE>

2.5      CONSEQUENTIAL AMENDMENTS

         As a consequence of the amendments made pursuant to clauses 2.2, 2.3
         and 2.4 above, the following additional amendments are made to the
         Farmin and Participation Agreement (clause numbers below refer to
         clauses in the Farmin and Participation Agreement):

                  (a)      in the definition of 'Acquisition', the reference to
                           45% is deleted;

                  (b)      in paragraph (b) of the definition of 'Sunk Costs',
                           if Avenue or its Nominated Affiliate do not acquire,
                           pursuant to clause 3.1(b) or (c), a further 10%
                           Participating Interest in the Tosun Licence, the
                           words "one hundred and fifty percent (150%) of" shall
                           be deemed to be inserted after the words "deemed in
                           the aggregate to equal";

         (c)      in relation to clause 7.6:

                  (i)      there shall be inserted after the words "other than
                           the Kahta Lease" the words "and excluding any
                           Acquisition by Avenue or its Nominated Affiliate of a
                           further 10% Participating Interest in the Tosun
                           Licence pursuant to clause 3.1(b) or (c)"; and

                  (ii)     in connection with the acquisition by Avenue or its
                           Nominated Affiliate pursuant to clause 3.1(a) of a
                           35% Participating Interest in the Tosun Licence (but
                           not in connection with any other Acquisition in
                           relation to which clause 7.6 applies), the words:

                                    "shall be held by the Parties, and as
                                    between such Parties in the proportions, set
                                    out in Schedule "A" in the column 'Post
                                    Farmin'"

                           shall be deemed to be deleted from clause 7.6 and
                           replaced with the words:

                                    "shall be held by Avenue or its Nominated
                                    Affiliate (as to a 35% Participating
                                    Interest), MEPS or its Nominated Affiliate
                                    (as to a 10% Participating Interest) and AME
                                    and ERSAN (as to a 27.5% Participating
                                    Interest each)"

                  (d)      for the purposes of the closing of the Acquisition in
                           clause 3.1(a) and (if applicable) clause 3.1(b) or
                           (c) (but not any of the other Acquisitions), the
                           references to "45%" in clauses 7.2(b)(i), 8.2(a)(i)
                           and 8.3 of the Farmin and Participation Agreement
                           shall be deemed to refer to the actual Participating
                           Interests the subject of the relevant Acquisition
                           (i.e. 35% or 10%, as the case may be);

         (e)      in clause 15.4, unless and until Avenue or its Nominated
                  Affiliate acquire, pursuant to clause 3.1(b) or (c), a further
                  10% Participating Interest in the Tosun Licence, the words:

                           "50% percent by the relevant SGC Participants (as
                           between them in proportion to their respective
                           Participating Interests) and as to the remaining 50%
                           by Avenue or its Nominated Affiliate"

                  shall be deemed to be deleted and replaced with the words:

                           "60% percent by the relevant SGC Participants (as
                           between them in proportion to their respective
                           Participating Interests) and as to the remaining 40%
                           by Avenue or its Nominated Affiliate";

                  (f)      in relation to Schedule 'E', the prescribed form of
                           Transfer and Assignment to be submitted to GDPA shall
                           be amended to by replacing all references to "45%"
                           with a reference to "35%";

         (g)      in Schedule 'I' (Tosun Drilling Contract), Article 11 (Special
                  Provisions) shall be deemed to be amended to reflect the
                  revised arrangements provided for in this Agreement; and

         (h)      in clause 9.1(c), the words "Promptly following the Tosun
                  Closing Date" are deleted and replaced with the words
                  "Promptly following the exercise of the option in clause
                  3.1(b) or of the Karakilise Option (whichever is the sooner)".
<PAGE>

2.5      CORRECTIONS

         In order to correct typographical errors and internal inconsistencies
         in the original agreement, the Farmin and Participation Agreement is
         further amended as follows:

         (a)      in Recital (G), the words "in the period of 24 months from the
                  date of the execution of this Agreement" are deleted;

         (b)      the definition of Sunk Costs is deleted and replaced with the
                  following:

                  "SUNK COSTS" means the contributions made by a Participant on
                  or after 14 November 2002 and in accordance with this
                  Agreement or any Joint Operating Agreement (including, but not
                  limited to, contributions made on behalf of MEPS) towards the
                  cost and expenses incurred in relation to Joint Operations on
                  any SGC Interest in which Avenue or its Affiliate holds an
                  interest (or has an interest held on its behalf by AME)
                  acquired pursuant to this Agreement, and includes (without
                  limiting the generality of the foregoing):

                  (a)      any payment of or in respect of Withholding Tax
                           payable in relation to any such cost or expenses or
                           the contribution of a Party thereto;

                  (b)      in relation to Avenue or its Affiliate:

                           (i)       the full amounts paid pursuant to clauses
                                     3, 4 and 9.3(c) of this Agreement;

                           (ii)      all stamp tax paid by it under or in
                                     respect of the Farmin and Participation
                                     Agreement or the transaction contemplated
                                     therein;

                           (iii)     all fees, costs or expenses paid under any
                                     representation and consulting agreement
                                     with Mr O.Sayer relating to the activities
                                     contemplated in this Agreement; and

                           (iv)      all fees and expenses paid to the legal
                                     advisers to Avenue and ITTI in relation to
                                     the negotiation, preparation and execution
                                     of this Agreement and the consummation and
                                     closing of the transactions provided for
                                     herein; and

                  (c)      in relation to AME and ERSAN, its contributions to
                           the cost and expenses of Joint Operations incurred in
                           relation to the drilling and other operations and
                           works carried out in relation to either the Tosun-1
                           Well or the Karakilise-1 Well or both, as the case
                           may be, on the basis that, unless otherwise agreed by
                           the Parties and solely for the purposes of clause 9.3
                           of this Agreement and the corresponding provisions of
                           any applicable Joint Operating Agreement, the amount
                           of such contributions shall be deemed in the
                           aggregate to equal the amount of the Sunk Costs
                           claimed and recoverable by Avenue or its Affiliate in
                           relation to those operations and works;".

                  (c)      the definition of Tosun JOA is deleted and replaced
                           with the following "means the Joint Operating
                           Agreement dated on or about 20 December 2002 between
                           AME, ERSAN and Avenue and relating to the Tosun
                           Licence";

         (d)      in clause 5.5(d), "10% of" shall be inserted after the words
                  "is less than";

                  (e)      at the end of clause 8.3, the words "including
                           clauses 8.3(a) to (i)" are deleted and replaced with
                           the words "including clauses 8.3(b) to (i)";

                  (f)      in clause 9.1(c)(ii), the words "the draft Joint
                           Operating Agreement set out in Schedule H" are
                           deleted and replaced with the words "the Tosun JOA";

                  (g)      in clauses 9.3(d)(i) and (ii), "10% of" is inserted
                           after the words "is less than" and the words "that
                           percentage of" is inserted before the words "such
                           Sunk Costs"; and
<PAGE>

                  (h)      in clause 17.2, the parenthetical is deleted.

3.       GENERAL

         Clauses 13 (Assignment and encumbrances), 14 (Confidentiality), 17
         (Notices) and 18 (General) of the Farmin and Participation Agreement
         shall apply to this Agreement as if set out in full herein.

<PAGE>

IN WITNESS WHEREOF the Parties have executed this Agreement as of the date above
written

ALADDIN MIDDLE EAST LTD.

By:  /s/ Oyman Sayer

Mr Oyman Sayer

Executive Vice-President and

General Manager



ERSAN PETROL SANAYII A.S.

By: /s/ Oyman Sayer

Mr Oyman Sayer

Chairman of the Board



TRANSMEDITERRANEAN OIL COMPANY LTD

By:  /s/ Oyman Sayer

Mr Oyman Sayer

Executive Vice-President and

General Manager



GUNEY YILDIZI PETROL URETIM SONDAJ MUTEAHHITLIK VE TICARET A.S

By: /s/ Oyman Sayer

Mr Oyman Sayer

Chairman of the Board



MIDDLE EAST PETROLEUM SERVICES LTD.

By:  /s/ Cem Sayer

Mr Cem Sayer

Authorised Signatory    on behalf of Middle East Petroleum Services Ltd.



AVENUE ENERGY INC.

By:  /s/ Jonathan Herzog

Mr Jonathan Herzog

President



IT TECHNOLOGY INC.

By: /s/ Jonathan Herzog

Mr Jonathan Herzog

Exec. Vice President