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                                                                    EXHIBIT 10.3
                                  AMENDMENT TO
                              EXTENDED AND RESTATED
                              EMPLOYMENT AGREEMENT
                              DATED JANUARY 1, 2002
                            EXTENDED JANUARY 1, 2005

                                 BY AND BETWEEN
                          BLACK WARRIOR WIRELINE CORP.
                                       AND
                               WILLIAM L. JENKINS

         This Amendment relates to that certain Employment Agreement effective
January 1, 2002, as extended effective January 1, 2005 (the "Employment
Agreement"), by and between Black Warrior Wireline Corp., a Delaware corporation
(the "Company"), and William L. Jenkins (the "Executive").

         WHEREAS, the Executive and Company have been advised that Overcup
Capital, LLC has become the general partner of St. James Capital Partners, L.P.,
replacing St. James Capital Corp. (the "Replacement");

         WHEREAS, the fact the Replacement occurred constitutes a "Change of
Control" pursuant to Section 2.a. of the Employment Agreement;

         WHEREAS, pursuant to Section 2.a. of the Employment Agreement, because
of the Change of Control, the Executive has the option to terminate the
Employment Agreement before the end of its current term, ending January 1, 2008;

         WHEREAS, the Executive has expressed a willingness to not terminate the
Employment Agreement as a result of the Replacement, provided that the Company
agree to the terms of this Amendment;

         NOW THEREFORE, in consideration of the continued performance of the
parties thereunder, the Employment Agreement is hereby amended as follows:

         1.       The first paragraph of Section 1 is amended to read as
follows, with Sections 10.a. and 10.b. remaining as written:

                  The term of employment (the "Term") of the Executive by the
         Company hereunder commenced on the January 1, 2002 and shall end on
         April 1, 2009, subject to early termination at the option of the
         Employee in the event of any of the following events:

         2.        Section 10.a. of the Employment Agreement is amended to read
as follows, with Section 10.b remaining as written:

                                Amendment, Page 1

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         a.        As a result of the Change of Control that occurred with the
         appointment of Overcup Capital, LLC as general partner of St. James
         Capital Partners, L.P., the Company shall pay to the Executive the sum
         of three times the total compensation paid to the Executive during the
         twelve (12) months preceding such Change of Control. Such payment shall
         be paid within three (3) days of demand by the Executive; provided,
         however, that the Executive may not make such demand prior to January
         1, 2006. In the event of the Executive's death, demand may be made by
         the Executive's estate or personal representative.

         Made this 16th day of December, 2005.


                                                 BLACK WARRIOR WIRELINE CORP.

                                                  By:  /s/ William L. Jenkins
                                                       ----------------------
                                                       Its President and CEO



                                                  /s/ William L. Jenkins
                                                  ---------------------------
                                                  William L. Jenkins

                                Amendment, Page 2