Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - South Sea Energy Corp. - Exhibit 10.4

SUBSCRIPTION AGREEMENT 

	To: 	SOUTH SEA ENERGY CORP. (the “Issuer”)
  

The undersigned (the “Subscriber”) acknowledges that the Issuer
is proceeding with a private placement of Shares (the “Shares”) at a price of
$0.001 (US) per Share, and the Subscriber hereby tenders to the Issuer this
irrevocable subscription offer which, upon acceptance by the Issuer, will
constitute an agreement of the Subscriber to subscribe for, take up, purchase
and pay for and, on the part of the Issuer, to issue and sell to the Subscriber,
the number of Shares set out below on the terms and subject to the conditions
set out in this Agreement.

	Number of Shares: 
	Total Purchase Price: $_______________(US) at $0.001 per Share:
    

DATED at ________________________________, this 15th
day of June, 2007. 

	 	 	 
	(Name of Subscriber – please print) 	 	(Subscriber’s Address) 
	 	 	 
	 	 	 
	(Signature of Subscriber or Authorized Signatory) 	 	  
	 	 	 
	 	 	 
	Number and type of securities of the Issuer
      currently 	 	  
	held by the Subscriber (directly or indirectly): 	 	  
	 	 	 
	 	 	 
	Details of Beneficial Purchaser if not Same as
      Subscriber 	 	  
	 	 	 
	 	 	 
	(Name – please print) 	 	(Beneficial Purchaser’s Address) 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

	Registration Instructions 	Delivery Instructions: 
	  	(if different from registration
      instructions) 

(ii)

	 	 	 
	Name 	 	  
	 	 	 
	Account reference, if applicable 	 	Account reference, if applicable 
	 	 	 
	Address 	 	Contact Name 
	 	 	 
	  	 	Address 
	  	 	  
	  	 	  
	 	 	 
	  	 	Telephone Number 
	 	 	 
	  	 	Facsimile Number 

This subscription is accepted by SOUTH SEA ENERGY CORP.

this 15th day of June, 2007. 

SOUTH SEA ENERGY CORP. 

Per: 

	 	 
	Authorized Signatory 	 

	1. 	
      INTERPRETATION

	 	 	 	 
	1.1 	
      In this Agreement, unless the context otherwise
      requires:

	 	 	 	 
		(a) 	
      “Act” or “1933 Act” means the Securities Act of 1933
      (United States of America), as amended;

	 	 	 	 
		(b) 	
      “Accredited Investor” means:

	 	 	 	 
			(i) 	
      any natural person whose individual net worth, or joint
      net worth with that person’s spouse, at the time of his or her purchase
      exceeds $1,000,000; or

	 	 	 	 
			(ii) 	
      any natural person who had an individual income in excess
      of $200,000 in each of the two most recent years or joint income with that
      person’s spouse in excess of $300,000 in each of those years and has a
      reasonable expectation of reaching the same income level in the current
      year; or

	 	 	 	 
			(iii) 	
      any entity of which all of the equity owners are
      accredited investors.

	 	 	 	 
		(c) 	
      “Closing Date” means the day the Shares are issued to the
      Subscriber;

	 	 	 	 
		(d) 	
      “Commission” means the Securities Exchange Commission,
      where applicable;

	 	 	 	 
		(e) 	
      “Directed Selling Efforts” has the meaning ascribed to it
      in Regulation S of the SEC Regulations;

	 	 	 	 
		(f) 	
      “Exemptions” means the exemptions from the prospectus and
      registration requirements under the Securities Act of 1933 and applicable
      exemptions from prospectus and registration requirements in the securities
      regulations of the jurisdiction of residence of the Subscriber;

	 	 	 	 
		(g) 	
      “Parties” or “Party” means the Subscriber, Issuer or
      both, as the context requires;

	 	 	 	 
		(h) 	
      “Private Placement” means the offering of the Shares
      pursuant to the Exemptions;

	 	 	 	 
		(i) 	
      “Regulation S” means Regulation S promulgated under the
      1933 Act;

	 	 	 	 
		(j) 	
      “Regulatory Authorities” means the Commissions;

	 	 	 	 
		(k) 	
      “Securities” means the Shares;

	 	 	 	 
		(l) 	
      “Shares” means the previously unissued common shares in
      the capital of the Issuer, as presently constituted;

	 	 	 	 
		(m) 	
      “Substantial U.S. Market Interest” has that meaning
      ascribed to it in Regulation S;

	 	 	 	 
		(n) 	
      “Subscriber’s Shares” means those Shares which the
      Subscriber has agreed to purchase under this Agreement;

	 	 	 	 
		(o) 	
      “United States” has that meaning ascribed to it in
      Regulation S;

- 2 - 

	 	(p) 	“U.S. Person” has that meaning ascribed to it
      in Regulation S; 

1.2 Time is of the essence of this Agreement. 

1.3 This Agreement is to be read with all changes in gender or
number as required by the context. 

1.4 The headings in this Agreement are for convenience of
reference only and do not affect the interpretation of this Agreement. 

1.5 All references to currency refer to United States dollars.

1.6 Save and except as concerns applicable securities laws,
rules and regulations, this Agreement is governed by, subject to and interpreted
in accordance with the laws prevailing in the State of Nevada and the federal
laws of the United States applicable therein, and the courts of the State of
Nevada will have the exclusive jurisdiction over any dispute arising in
connection with this Agreement. 

	2. 	THE SHARES 

2.1 The Shares will be issued and registered in the name of the
Subscriber or its nominee. 

2.2 The issue of the Shares will not restrict or prevent the
Issuer from obtaining any other financing, or from issuing additional securities
or rights. 

	3. 	REPRESENTATIONS AND WARRANTIES OF THE
      SUBSCRIBER 

3.1 The Subscriber acknowledges, represents, warrants and
covenants to and with the Issuer it is a director or officer of the Issuer and
that, as at the date given above and at the Closing Date: 

	 	(a) 	
      no prospectus or registration statement has been filed by
      the Issuer with the Commission in connection with the issuance of the
      Shares and such issuance is exempted from the prospectus requirements of
      the Act and that:

	 	 	 	 
	 		(i) 	
      the Subscriber is restricted from using most of the civil
      remedies available under the Act;

	 	 	 	 
	 		(ii) 	
      the Subscriber may not receive information that would
      otherwise be required to be provided under the Act; and

	 	 	 	 
	 		(iii) 	
      the Issuer is relieved from certain obligations that
      would otherwise apply under the Acts;

	 	 	 	 
	 	(b) 	
      to the best of the Subscriber’s knowledge, the Shares
      were not advertised;

	 	 	 	 
	 	(c) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Shares;

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Shares; or

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the
    Shares.

- 3 - 

	 	(d) 	
      this subscription has not been solicited in any other
      manner contrary to the Act;

	 	 	 
	 	(e) 	
      the Subscriber acknowledges that the Shares have not been
      registered under the 1933 Act and may not be offered or sold in the United
      States unless registered under the 1933 Act and the securities laws of all
      applicable states of the United States or an exemption from such
      registration requirements is available;

	 	 	 
	 	(f) 	
      the Subscriber is not and will not be purchasing Shares
      for the account or benefit of any person, in particular a U.S. Person,
      other than themselves;

	 	 	 
	 	(g) 	
      the Subscriber will not engage in any Directed Selling
      Efforts in respect of the Shares (as that term is defined in the 1933
      Act);

	 	 	 
	 	(h) 	
      the Subscriber has no knowledge of a “material fact” or
      “material change” (as those terms are defined in the Act) in the affairs
      of the Issuer that has not been generally disclosed to the public, save
      knowledge of this particular transaction and knowledge of the Issuer’s
      proposed acquisition of rights in the CBM property in Indonesia and
      associated transactions;

	 	 	 
	 	(i) 	
      the Subscriber’s decision to tender this offer and
      purchase the Subscriber’s Shares has not been made as a result of any
      verbal or written representation as to fact or otherwise made by or on
      behalf of the Issuer or any other person and is based entirely upon
      currently available public information concerning the Issuer and the
      information contained in this Agreement;

	 	 	 
	 	(j) 	
      the Subscriber has relied solely upon its own independent
      investigation in making a decision to purchase the Subscriber’s Shares and
      acknowledges that an investment in Shares is a speculative investment
      which involves a high degree of risk;

	 	 	 
	 	(k) 	
      the offer made by this subscription is irrevocable and
      requires acceptance by the Issuer;

	 	 	 
	 	(l) 	
      the Issuer will have the right to accept this
      subscription offer in whole or in part and the acceptance of this
      subscription offer will be conditional upon the sale of the Subscriber’s
      Shares to the Subscriber being exempt from the prospectus and registration
      requirements of the relevant securities legislation;

	 	 	 
	 	(m) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Agreement and to take all actions required
      pursuant hereto and, if the Subscriber is a corporation it is duly
      incorporated and validly subsisting under the laws of its jurisdiction of
      incorporation and all necessary approvals by its directors, shareholders
      and others have been given to authorize execution of this Agreement on
      behalf of the Subscriber;

	 	 	 
	 	(n) 	
      the entering into of this Agreement and the transactions
      contemplated hereby will not result in the violation of any of the terms
      and provisions of any law applicable to, or the constating documents of,
      the Subscriber or of any agreement, written or oral, to which the
      Subscriber may be a party or by which he is or may be bound;

	 	 	 
	 	(o) 	
      this Agreement has been duly executed and delivered by
      the Subscriber and constitutes a legal, valid and binding agreement of the
      Subscriber enforceable against the Subscriber;

- 4 - 

	 	(p) 	
      the Subscriber has been independently advised as to the
      applicable hold periods or resale restrictions imposed in respect of the
      Shares by applicable securities legislation and regulatory policies and
      confirms that no representations by the Issuer have been made respecting
      the resale of the Shares and is aware of the risks and other
      characteristics of the Shares and of the fact that the Subscriber may not
      be able to resell the Shares purchased by it except in accordance with the
      applicable securities legislation and regulatory policies, and the
      Subscriber has no immediate need for liquidity with respect to its
      investment in the Shares;

	 	 	 
	 	(q) 	
      the Subscriber is resident at the address and in the
      state or province or jurisdiction set out on the cover page of this
      Agreement, which address is the ordinary residence or place of business of
      the Subscriber and such beneficial purchaser, if applicable, and was not
      created nor is it used solely for the purpose of acquiring the
      Subscriber’s Shares;

	 	 	 
	 	(r) 	
      if required by applicable securities legislation, policy
      or order or by any securities commission, stock exchange or other
      regulatory authority, the Subscriber will execute, deliver, file and
      otherwise assist the Issuer in filing such reports, undertakings and other
      documents with respect to the issue of the Securities as may be required;
      and

	 	 	 
	 	(s) 	
      the Subscriber acknowledges that the representations,
      warranties and covenants in this subsection are made with the intent that
      they will be relied upon by the Issuer in determining the Subscriber’s
      eligibility, or (if applicable) the eligibility of the others on whose
      behalf the Subscriber is contracting hereunder, to purchase Shares and the
      Subscriber agrees that the above representations, warranties and covenants
      in this subsection will be true and correct both as of the execution of
      this subscription and as of the Closing Date.

3.2 The foregoing representations, warranties and covenants are
made by the Subscriber with the intent that they be relied upon by the Issuer in
determining its suitability as a purchaser of Shares, and the Subscriber hereby
agrees to indemnify the Issuer against all losses, claims, costs, expenses and
damages or liabilities which it may suffer or incur as a result of reliance
thereon. The Subscriber undertakes to notify the Issuer immediately of any
change in any representation, warranty or other information relating to the
Subscriber set forth herein which takes place prior to the Closing Date. 

	4. 	
      REPRESENTATIONS AND WARRANTIES OF THE
  ISSUER

	 	 	 
	4.1 	
      The Issuer represents and warrants that, as of the date
      given above and at the Closing Date:

	 	 	 
		(a) 	
      the Issuer is a valid and subsisting corporation duly
      incorporated and in good standing under the laws of its jurisdiction of
      incorporation;

	 	 	 
		(b) 	
      the Issuer is duly registered and licensed to carry on
      business in the jurisdictions in which it carries on business or owns
      property where so required by the laws of that jurisdiction;

	 	 	 
		(c) 	
      the Issuer will reserve or set aside sufficient shares in
      its treasury to issue the Shares, and all such shares will upon issuance
      be duly and validly issued as fully paid and non- assessable;

	 	 	 
		(d) 	
      the Issuer has complied and will comply fully with the
      requirements of all applicable corporate and securities laws and
      administrative policies and directions,
including,

- 5 - 

	 		
      without limitation, the Act and State of Nevada company
      law in relation to all matters relating to the Private
Placement;

	 	 	 	 
	 	(e) 	
      the issue and sale of the Securities by the Issuer does
      not and will not conflict with, and does not and will not result in a
      breach of, any of the terms of its incorporating documents or any
      agreement or instrument to which the Issuer is a party;

	 	 	 	 
	 	(f) 	
      this Agreement has been or will be by the Closing Date,
      duly authorized by all necessary corporate action on the part of the
      Issuer, and the Issuer has full corporate power and authority to undertake
      the Private Placement;

	 	 	 	 
	 	(g) 	
      the Issuer is a “reporting issuer” under the Act and is
      not in default of any of the requirements of the Act;

	 	 	 	 
	 	(h) 	
      no order ceasing, halting or suspending trading in
      securities of the Issuer nor prohibiting the sale of such securities has
      been issued to and is outstanding against the Issuer or its directors,
      officers or promoters or against any other companies that have common
      directors, officers or promoters and no investigations or proceedings for
      such purposes are pending or threatened;

	 	 	 	 
	 	(i) 	
      no person, firm or corporation acting or purporting to
      act at the request of the Issuer is entitled to any brokerage, agency or
      finder’s fee in connection with the transactions described
  herein;

	 	 	 	 
	 	(j) 	
      the Issuer has not advertised the Shares for
  sale;

	 	 	 	 
	 	(k) 	
      the following disclosure documents of the
  Issuer:

	 	 	 	 
	 		(i) 	
      the audited consolidated financial statements of the
      Issuer in respect of its most recently completed financial year;

	 	 	 	 
	 		(ii) 	
      the unaudited interim consolidated financial statements
      of the Issuer as at and for the quarters completed subsequent to the
      Issuer’s most recently completed financial year; and

	 	 	 	 
	 		(iii) 	
      each material change report filed with the Commission
      since its most recently completed financial year,

	 	 	 	 
	 		
      were, at their respective dates of issue or publication,
      true and correct in all material respects and were prepared, to the best
      of its knowledge, in accordance with the laws, regulations and rules
      applicable thereto; and

	 	 	 	 
	 	(l) 	
      the warranties and representations in this section are
      true and correct and will remain so as of the Closing
  Date.

	5. 	
      CLOSING AND CONDITIONS TO CLOSING

	 	 
	5.1 	
      The Closing Date will take place on such date as is
      determined by the Issuer.

- 6 - 

5.2 Upon execution of this subscription offer by the Subscriber
to the Issuer, the Subscriber will deliver, or will have delivered, a wire
transfer of the total price of the Subscriber’s Shares to the Issuer’s bank
account or will have provided to the Issuer a cheque or bank draft or money
order representing the total price of the Subscribers’ shares. 

5.3 On the Closing Date, the Issuer will deliver to the
Subscriber a certificate representing the Shares duly executed by an authorized
signatory of the Issuer. 

	6. 	RESALE RESTRICTIONS AND REGISTRATION
      RIGHTS 

6.1 The Subscriber understands and acknowledges that the Shares
will be subject to certain resale restrictions under the Act or other applicable
securities rules and regulations, which may be legended on the certificates
representing the Shares, and the Subscriber agrees to comply with such resale
restrictions. The Subscriber also acknowledges that it has been advised to
consult its own independent legal advisor with respect to the applicable resale
restrictions and the Subscriber is solely responsible for complying with such
restrictions and the Issuer is not in any manner responsible for ensuring
compliance by the Subscriber with the applicable resale restrictions. 

6.3 The terms of this subscription agreement do not confer
registration rights or “piggy back” registration rights upon the Subscriber.

	7. 	MISCELLANEOUS 

7.1 The Subscriber hereby authorizes the Issuer to correct any
minor errors in, or complete any minor information missing from the appendices,
as applicable, which have been executed by the Subscriber and delivered to the
Issuer. The Subscriber consents to the filing of such documents and any other
documents as may be required to be filed with any stock exchange or securities
regulatory authority in connection with the Private Placement and agrees to
execute any and all further documents which might be required to be completed
for the jurisdiction of their residence. 

7.2 Without limitation, this subscription and the transactions
contemplated hereby are conditional upon and subject to the Issuer receiving any
required regulatory approval of this subscription and the transactions
contemplated hereby. 

7.3 This Agreement, which includes any interest granted or
right arising under this Agreement, may not be assigned or transferred. 

7.4 Except as expressly provided in this Agreement and in the
agreements, instruments and other documents contemplated or provided for herein,
this Agreement contains the entire agreement between the Parties with respect to
the Securities and there are no other terms, conditions, representations or
warranties whether expressed, implied, oral or written, by statute, by common
law, by the Issuer or by anyone else. 

7.5 The Parties may amend this Agreement only in writing. 

7.6 This Agreement enures to the benefit of and is binding upon
the Parties and, as the case may be, their respective heirs, executors,
administrators and successors. 

- 7 - 

7.7 A Party will give all notices or other written
communications to the other Party concerning this Agreement by facsimile, by
courier, by hand or by mail addressed to such other Party’s respective address
which is noted on the cover page of this Agreement. 

7.8 This Agreement may be executed in counterparts, each of
which when delivered will be deemed to be an original and all of which together
will constitute one and the same document and the Issuer will be entitled to
rely on delivery by facsimile machine of an executed copy of this Agreement, and
acceptance by the Issuer of such facsimile copy will be equally effective to
create a valid and binding agreement between the Subscriber and the Issuer as if
the Issuer had accepted the Agreement originally executed by the Subscriber.

7.9 The Issuer is required, by various securities rules and
regulations, to disclose to various securities regulators the name and address
of the Subscriber together with the number of Shares the Subscriber has
subscribed for. By signing above, the Subscriber provides the Issuer with
permission to provide this information to such securities regulators.Filed by Automated Filing Services Inc. (604) 609-0244 - South Sea Energy Corp. - Exhibit 10.5

PROMISSORY NOTE 

	$___________USD 	Date: ____________

     FOR VALUE RECEIVED, SOUTH SEA ENERGY
CORP. (the “Promissor”) hereby promises to pay to _________________, or such
other holder for the time being hereof (the “Holder”), the principal amount of
___________________($__________) in United States currency (the “Principal
Amount”) ON DEMAND, and to pay interest thereon at the rate of __ per cent (__%)
per annum calculated annually from ___________on so much of the Principal Amount
as shall be outstanding from time to time. 

     Arrears in payment of the Principal
Amount or any interest shall bear interest at the rate of thirty per cent (30%)
per annum calculated annually. Default in paying the Principal Amount or any
interest shall, at the option of the Holder, render the entire balance then
owing hereunder at once due and payable. Time shall be of the essence of this
Note. Extension of time for payment of all or any part of the amount owing
hereunder at any time or times, or failure of the Holder to enforce any of the
rights or remedies hereunder, shall not release the Promissor and shall not
constitute a waiver of the rights of the Holder to enforce such rights and
remedies thereafter. 

     Should suit be brought to recover on
this Note, the Promissor promises to pay reasonable attorney's fees and court
costs in addition to the amount found to be due on this Note. 

     The Holder may convert all or any part
of the indebtedness owing under this Note into shares of the Promissor at a
price of USD0.60 per share, and for each share so purchased will receive one
warrant to purchase an additional share exercisable for one year at USD0.60 and
for a second year at USD0.90. 

     IN WITNESS WHEREOF the Promissor has
executed this Note on ____________
. 

	 	SOUTH SEA ENERGY CORP. 
	 	 
	 	 
	 	Authorized Signatory

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