Exhibit
      10.1

    


    CONSULTING
      AGREEMENT

    


    This
      agreement is made by and between Triangle
      Petroleum Corporation, having
      its principal office at 521 3rd
      Avenue
      S.W., Suite 1110, Calgary, AB, Canada, T2P 3T3 (hereinafter referred to as
      the
“COMPANY” or “Client”), and Parabolic, LLC having its principal office at 100
      Crescent Court, Suite 700, Dallas, TX 75201 with office in California (the
      “CONSULTANT”).

    


    In
      consideration of the mutual promises contained herein and on the terms and
      conditions hereinafter set forth, the Company and Consultant agree as
      follows:

     

    1.           
      PROVISION
      OF SERVICES:
      Consultant will conduct a market management program for Triangle Petroleum
      Corp.
      (“TPLM”) for November of 2006 following the receipt by Consultant of the
      compensation set forth in paragraph 2 hereunder. It is understood that Client
      is
      interested in introducing TPLM to the investment community. By this agreement,
      Client is retaining Consultant to engage in a market management campaign
      designed to publicize TPLM as set forth in the following paragraphs of this
      agreement.

    


    A) Consultant
      shall, to the extent reasonably required, develop and coordinate a program
      to
      increase public awareness of TPLM, particularly among the investment community,
      which program may include proprietary services to be rendered by the Consultant
      and/or third parties. Services provided by Consultant may include all or part
      of
      the following: email news release to a huge subscriber base comprised of
      investors, brokers, and financiers interested in small cap and micro-cap
      companies, networking, and other proprietary methods.

    


    (B) Consultant
      shall use its best effort to perform under this agreement, and for this purpose
      consultant shall, at all times, maintain or keep and make available qualified
      persons or a network of qualified outside professionals for the performance
      of
      its obligations under this agreement. 

    


    2.           
      COMPENSATION 

    


    
      	
            	(A)	
              The
                total cost for the Consultant’s services is $250,000 (US Funds), as
                payment for the consulting agreement. At Client’s option, five (5) months
                of services (January through May of 2007) may be added for an additional
                $250,000 (US Funds).

            


    

    


    
      	
            	(B)	
              Client
                understands and agrees that the compensation paid to consultant is
                earned
                by consultant upon receipt. The compensation paid to consultant
                under this agreement is solely an inducement for consultant to accept
                this engagement on Clients’ behalf.  Client further understands and
                agrees that the compensation paid to consultant is not returnable
                or
                refundable under any circumstances, including any claim made by
                client that the services contracted for were not performed or were
                not of
                value sufficient to warrant the compensation paid to
                consultant.

            


    

     

    3.            
      LIABILITY;
      INDEMNIFICATION

    


    (A) The
      Company shall indemnify, save harmless and defend Consultant and its officers,
      directors, employees and agents from, against and in respect of any loss,
      damage, liability, judgment, cost or expense whatsoever, including counsel
      fees,
      suffered or incurred by it or him by reason of, or on account of, its status
      or
      activities as a consultant to the Company hereunder, except for any loss ,
      damage, liability, judgment, cost or expense resulting from willful malfeasance,
      bad faith or gross negligence in the performance of Consultant’s duties
      hereunder.

    


    (B) Consultant
      shall indemnify, save harmless and defend the Company and its officers,
      directors, employees and agents from, against and in respect of any loss,
      damage, liability, judgment, cost or expense whatsoever, including counsel
      fees,
      suffered or incurred by it or him by reason of, or on account of, willful
      malfeasance, bad faith or gross negligence in the performance of Consultant’s
      duties hereunder.

    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.           
      STATUS
      OF CONSULTANT

    


    Consultant
      shall at all time be an independent contractor of the Company and, except as
      expressly provided or authorized by this Agreement, shall have no authority
      to
      act for or represent the Company. The Company acknowledges that the Consultant
      may, from time to time, subcontract the performance of certain of its services
      hereunder to third parties, in which event the Consultant shall be responsible
      for the timely and professional performance of such services as if the
      Consultant had provided same.

    


    5.           
      OTHER
      ACTIVITIES OF CONSULTANT

    


    The
      Company recognizes that Consultant now renders and may continue to render
      management and other services to other companies, which may or may not have
      policies and conduct activities similar to those of the Company. Consultant
      shall be free to render such advice and other services and the Company hereby
      consents thereto. Consultant shall not be required to devote its full time
      and
      attention to the performance of its duties under this Agreement, but shall
      devote only so much of its time and attention as it deems reasonable or
      necessary for such purposes.

    


    6.           
      TERMS 

    


    
      	
            	(A)	
              Consulting
                agreement will become effective upon receipt of signed contract and
                payment. 

            


    

    


    
      	
            	(B)	
              TPLM
                hereby authorizes and agrees to allow Contractor or third
                parties to republish any and all of its press releases.
                

            


    

    


    
      	
            	(C)	
              Contractor
                agrees to have an Officer of the Company sign-off on any materials
                Contractor intends to send out.

            


    

    


    7.           
      IN
      GENERAL 

    


    This
      agreement sets forth the entire agreement and understanding between the parties
      with respect to its subject matter and supersedes all prior discussions,
      agreements and understandings of any nature between them with respect thereto.
      This agreement shall be governed by and construed in accordance with the laws
      of
      the State of California applicable to agreements made to be performed entirely
      within such State.

    


    IN
      WITNESS WHEREOF, The parties have caused this agreement to be signed by their
      respective officers or representatives duly authorized on this 1st day of
      November, 2006.

    


    


    /s/
      ADAM GILLMAN

    Parabolic,
      LLC

    


    Client:

    


    /s/
      MARK GUSTAFSON

    Signature      

    


    Mark
      Gustafson, President and CEO

    Printed
      Name

    


    
      
         

      

      
        2