EXHIBIT 10.2

                             CONSENT OF SURETY


     WHEREAS, RBF Exploration Co., a Nevada corporation ("Issuer")  entered
into that certain Trust Indenture and Security Agreement dated as of August
12,  1999 ("Indenture") with Chase Bank of Texas, National Association,  as
Trustee   ("Trustee")  as  supplemented  and  amended   by   that   certain
Supplemental   Indenture  and  Amendment  of  even   date   herewith   (the
"Supplemental Indenture") by and among BTM Capital Corporation, a  Delaware
corporation ("Independent Owner"), Trustee and Issuer; and

     WHEREAS, Travelers Casualty and Surety Company of America and American
Home Assurance Company (each, a "Surety") and RBF Exploration II Inc. ("RBF
II")  entered into that certain Performance Bond dated August 18, 1999 (the
"First  Bond"), and whereas, in replacement of the First Bond, RBF II,  the
Sureties  and  the  Independent  Owner  have  entered  into  that   certain
Performance Bond of even date herewith: and

     WHEREAS,  Issuer now desires to amend or replace, or have  amended  or
replaced,  certain documents subject or related to the Indenture  that  are
listed  on  Schedule A hereto (the "Amended Documents") in connection  with
the  delivery of the Drilling Rig (as defined in the Indenture) (the "Stage
One Delivery"); and

     WHEREAS,  Issuer  now desires to enter into, or have entered  into  or
created,  certain documents that are listed on Schedule B hereto (the  "New
Documents"  and  collectively with the Amended Documents,  the  "Stage  One
Documents") in connection with the Stage One Delivery;

     NOW,  THEREFORE, to comply with the provisions of Article  11  of  the
Indenture  and to allow for the Stage One Delivery, the undersigned  Surety
hereby expressly agrees, consents or declares to Trustee as follows:

     1.   Definitions.   Unless otherwise defined herein, capitalized terms
used  herein  shall have the meaning ascribed thereto in  the  Supplemental
Indenture or, if not therein, the Indenture.

     2.    Documents.  Surety has received copies of each of the Stage  One
Documents  and hereby consents, to the extent required by the Indenture  or
the  First  Bond, to (a) the amendment, change or novation of  the  Amended
Documents  and (b) the execution and delivery of each of the New Documents.
Surety  hereby directs Trustee, to the extent required or permitted by  the
Indenture,  to (a) execute and deliver each of the New Documents  to  which
Trustee is a party and (b) deliver to the Sureties the First Bond.

     3.    Security  Interests.   Surety hereby  consents,  to  the  extent
required  by  the Indenture or the First Bond, (a) to the  release  of  the
security  interest  by the Trustee as provided in Section  2.03(a)  of  the
Supplemental  Indenture,  (b)  to  the concurrent  grant  of  the  security
interest  by the Independent Owner to Trustee as provided in Article  3  of
the Supplemental Indenture and (c) to the creation, modification or release
of such other liens, if any, provided for in the New Documents.

     4.    Trustee  Consent  Authorized.  Surety hereby  consents,  to  the
extent  required by the Indenture or the First Bond, to the consents  given
by the Trustee under Article 2 of the Supplemental Indenture.

                         [signature page follows]



     IN  WITNESS WHEREOF, the undersigned Surety has caused this Consent of
Surety  to be executed and delivered by its duly authorized officer  as  of
February 1, 2000.

                         SURETY:

                         TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA

                         By:______________________________
                         Name:
                         Title:

                         SURETY:

                         AMERICAN HOME ASSURANCE COMPANY

                         By:______________________________
                         Name:
                         Title:

                         SCHEDULE A

                             Amended Documents

1.   Indenture

2.   Construction Contract

3.   Construction Supervisory Agreement

4.   Performance Guarantee

5.   Performance Bond

6.   Note Purchase Agreements

7.   UCC-1 Financing Statement file number 99-164271 executed by Issuer in
     favor of Trustee filed on August 16, 1999

                                SCHEDULE B

                               New Documents

1.   Supplemental Indenture

2.   Amendment to Note Purchase Agreement

3.   New Performance Bond

4.   First Preferred Ship Mortgage

5.   New Construction Supervisory Agreement

6.   Sale and Funding Agreement

7.   Novation Agreement

8.   Certain  UCC-1 Financing Statements executed by Issuer and Independent
     Owner in favor of Trustee relating to security interests granted under
     the Indenture, Supplemental Indenture and the Assignment of Interests

9.   UCC-3  Financing  Statement  Change executed  by  Issuer  and  Trustee
     affecting and evidencing the transaction contemplated by the Stage One
     Documents

10.  New Performance Guarantee