Exhibit 10.20

THESE MINUTES OF SETTLEMENT dated March 22, 2006.

BETWEEN:

                   QUADRANGLE HOLDINGS LIMITED, a body corporate ("Quadrangle")

                                                             OF THE FIRST PART

                                     - and -

                   SHANNON INTERNATIONAL INC., a body corporate  ("Shannon")

                                                            OF THE SECOND PART

Whereas: In 2004, Shannon and Quadrangle entered into an agreement for the
exercise of certain common stock purchase warrants of Shannon held by Quadrangle
wherein Quadrangle gave Shannon a promissory note secured by 500,000 common
shares of Rally Energy Corporation and Shannon issued Quadrangle 400,000 shares
of its common stock upon the exercise of a previously issued warrant held by
Quadrangle (the "Shannon Warrant").

And Whereas: Shannon following improper actions of the previous president and
chief executive officer of Shannon with respect to the Quadrangle promissory
note and collateral owes Quadrangle the value of 373,000 shares of Rally Energy
Corporation common stock (the "Actions").

And Whereas: Shannon is desirous of making restitution to Quadrangle and
settling this matter amicably;

And Whereas: Shannon and Quadrangle have agreed to settle this matter without
prejudice to the rights of Quadrangle in the event that Quadrangle is not repaid
in full pursuant to the terms hereof and without prejudice to the rights of
Quadrangle as against other parties who were directly or indirectly responsible
for the Actions (the "Settlement Agreement").

NOW THEREFORE THE PARTIES HERETO HAVE AGREED as follows, subject to the
execution and delivery of documents described herein, security documents and
such other documents satisfactory to Quadrangle and its counsel to complete the
terms contemplated below:

     1.   Shannon shall effect the designation and issuance to Quadrangle of a
          Class of Shannon Preferred Stock the form of which is attached hereto.
          The initial stated value of which shall include the reasonable and
          accountable expenses of Quadrangle incurred with respect to this
          matters to which this Settlement Agreement relate.


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     2.   The Closing Date shall be no later than March 27, 2006 or such other
          date convenient to Quadrangle.

     3.   All obligations of Quadrangle with respect to the promissory note
          given to Shannon for the exercise of the Shannon Warrant is released
          without any further obligation of Quadrangle.

     4.   The 400,000 common shares of Shannon issued to Quadrangle pursuant to
          the exercise of the Shannon shall be credited to the shares issued
          pursuant to section 5 below and the Shannon Warrant shall have expired
          pursuant to its terms.

     5.   Quadrangle shall receive on Closing to 968,750 common shares of
          Shannon equal ten percent of the Initial Stated Value of the Series A
          Preferred Stock at $0.08 US per share and a further warrant to acquire
          968,750 common shares at a price of $0.08 US in the form attached
          hereto.

     6.   References herein are to Canadian Dollars unless otherwise indicated.

     7.   This Settlement Agreement shall be governed by the laws of the
          Province of Nova Scotia, Canada and the parties irrevocably attorn to
          the jurisdiction thereof.

     8.   Time shall be of the essence in all respects.

     9.   This Settlement Agreement and the documents flowing therefrom
          constitute the entire agreement between the parties and supersedes all
          previous agreements, verbal or written, with respect to any matters
          referred to herein

     10.  The rights hereunder may be assigned by Quadrangle or any subsequent
          assignee on notice to Shannon at anytime and from time to time.
          Shannon shall not assign the obligations hereunder with the prior
          written consent of the holder of the rights hereunder. References to
          Quadrangle include any holder.

     11.  Shannon shall file a Current Report on Form 8-K reporting this
          Settlement Agreement with Quadrangle and the Change in Control of
          Shannon as result thereof.

     12.  Quadrangle acknowledges as a result of this Settlement Agreement is
          has become an affiliate and control person of Shannon pursuant to the
          United States Securities Exchange Act of 1934 and regulations of the
          U.S. Securities and Exchange Commission and shall comply with all
          ownership reporting and other obligations of an affiliate of Shannon.

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     13.  Upon the redemption of the Preferred Stock issued to Quadrangle or the
          conversion in whole or in part into Shannon common stock, Quadrangle
          shall have released Shannon and its current officers and directors
          from any and all liability with respect to the Actions. Such release
          shall not apply to any claims against Shannon's previous President and
          Chief Executive Officer or any other parties except for the present
          officers and directors of Shannon.

     14.  The parties acknowledge that a General Security Agreement over Shannon
          assets has been filed with the Province of Alberta on or about
          November 23, 2005. Shannon agrees to take any and all steps necessary
          to dispute the validity and obtain the release thereof in favor of the
          security interest to Quadrangle referenced in Section VB of the
          attached Certificate of Designation of Series A Preferred Stock.

     15.  This Agreement may be executed in any number of counterparts of the
          signature page, each of which shall be considered an original. In
          addition, a signature which is reproduced by facsimile transmission
          shall be deemed an original.

     16.  Any notice or other document required or permitted to be given to any
          party hereunder shall be validly given if delivered personally
          (including by courier service) or mail by prepaid registered mail,
          return receipt requested, or sent by facsimile transmittal addressed
          to the addressee thereof at the following respective addresses:

          If to Shannon at:

          100 - 238A Brownlow Avenue
          Dartmouth, Nova Scotia, Canada
          B3B 2B4
          Attention:  J. William (Bill) Clements, President
          Phone: 902.481.7225 Ext. 1002
          Fax: 902.481.7224

          and with a copy to:

          Dennis Brovarone
          Secretary and a Director
          18 Mountain Laurel Drive
          Littleton, Colorado
          U.S.A. 80127 Phone: 303.466.4092 Fax: 303.466.4826



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       If to Quadrangle:                        and with a copy to:

       TK House Bayside Executive Park          RBC Law Inc.
       West Bay Street & Blake Road             Suite L105, 1701 Hollis Street
       Nassau, The Bahamas                      Halifax, NS, B3J 3M8, Canada
       Attention:  Patrice McKinney             Attn:  R. Blois Colpitts
       Phone: 1.242.502.8904                    Phone:  902.431.3126
       Fax: 242.502.8840                        Fax:  902.431.3001

Any notice or other document so mailed shall be deemed to have been received by
and given to the addressee on the fourth Business Day following the date of
mailing; if delivered, shall be deemed to have been received by and given to the
addressee on the date of delivery; and if given by facsimile transmittal, shall
be deemed to have been received by and given to the addressee on the next
Business Day following the date of sending. Any part may, at any time, give
notice in writing to the others of any change of address for these purposes. In
the event of any actual or threatened postal interruption in Canada, no such
notice shall be deemed to have been received until it has in fact been received
by the party for whom it is intended.

IN WITNESS WHEREOF the parties hereto have each properly executed these minutes
of settlement.

SIGNED AND DELIVERED              )      SHANNON INTERNATIONAL
in the presence of                )      INCORPORATED
                                  )
                                  )
                                  )      By:  /s/ J. Williams Clements
                                             ------------------------------
____________________________      )          J. William Clements, President

Witness                           )      By: /s/ Dennis Brovarone
                                             ------------------------------
                                  )          Dennis Brovarone, Secretary

                                  )
                                  )
SIGNED AND DELIVERED              )      QUADRANGLE HOLDINGS LIMITED
in the presence of                )

                                  )      By: /s/ David Richardson, Director
/s/ Patrice McKinney                        ---------------------------
----------------------------      )
Witness                           )      And:_____________________(cs)


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