Document:

Contract # 10/2004-06
    Pertaining to scientific research, development, and technological works

Moscow, Russia                                                      04 June 2004

Limited Liability Company (LLC) "Geodata Consulting", further referred to as the
"Operator", in the person of Director General Stanislav Kopunov, acting in
compliance with the Statute, on one side, and LLC "Zauralneftegaz" in the person
of Director General Oleg V. Zhuravlev, further referred to as the "Client", on
the other side, have entered a current contract specifying the following:

1.   SUBJECT  OF  AGREEMENT
1.1  The  Client  assigns,  and  the  Operator  accepts the duty to complete the
     following  operations:

"Independent control over the progress and completion of field and cameral
seismic Two-Dimensional (2-D) works, throughout the 2004 season, being conducted
within the territory of licensed blocks to which LLC "Zauralneftegaz" holds
title"

1.2  For  the  period  of  performing  field  works,  the  Operator arranges the
     services  of  a  qualified  supervisor  to  oversee  the maintenance of and
     alignment  along  the  "Technical project of field seismic works progress".
1.3  Control over the analysis, processing, and interpretation of generated data
     is  performed  by  the  Operator  in  Moscow,  by  means  of consulting and
     analyzing  results  provided  by  the  Subordinate  delivering  the  data.
1.4  The  period  of works completion is to be aligned and coordinated along the
     schedule  of  "Bashneftegeofizika"  Service  Company.

2.   COST  OF  WORKS  AND  COMPENSATION
2.1  Independent  control over the progress of field works is compensated daily,
     from  the  moment  the supervisor enters field processes based on a bid, in
     accordance  with  the  agreement  protocol  concerning  the  agreed  price
     (attachment  #2),  totaling  3300 (three thousand and three hundred) rubles
     per  day, in addition to a Tax levied on the added expense on a bid 18% 594
     (five  hundred  and  ninety-four)  rubles, total 3894 (three thousand eight
     hundred  and  ninety-four)  rubles.  Upon  supervisor's arrival to the work
     site,  the  Client  organizes  and makes food and shelter provisions to the
     supervisor.
2.2  The  agreement  protocol  on  the  agreed  price  (Attachment  #2)  is  an
     indispensable  element  of  the  current  Contract.
2.3  Compensation  for  the  works  occurs monthly upon signing the act of works
     release  and acceptance by both sides, on the basis of a sales invoice from
     the  subordinate,  within  30 days by a payment order to the account of the
     subordinate.

<PAGE>

3.   THE  ORDER  OF  WORKS  RELEASE  AND  ACCEPTANCE
3.1  The  Operator  must  inform the Client about the completion of each project
     phase,  as  well  as  progress in general, after which the sides assemble a
     bilateral  act of release and acceptance in 2 or 3 original copies with one
     copy  to  each  side and one for attachment to a statement when required by
     the  bank.  Upon  the  Client's  failure to secure a formal acceptance of a
     project  phase within 3 days after receiving notice, the Operator holds the
     right  to  assemble  a  unilateral  act,  to  serve  a sufficient basis for
     payment.
3.2  Upon  completion  of  the  works,  the  Operator presents the Client with a
     summary  of work completed, experts' evaluation and other documentation (as
     requested by the Client), negotiated in the contract in two original copies
     and  hard  copies  of  negotiated  format.  If  the  Client has comments or
     complaints  in  connection  with  work completed, the Client is granted the
     right  to  file  such comments or complaints to the Operator within 30 days
     after  obtaining  scientific and technical summary and other documentation.

4.   SIDES'  LIABILITIES
4.1  For  breach/violation  of  accepted obligations in this contract, the sides
     are  held liable in accordance with the laws and regulations of the Russian
     Federation.
4.2  In  case  the  performed  works  fail  to  satisfy the terms of the current
     contract,  the Operator delivers all necessary revisions at own expense and
     within  a  negotiated  time  period.
4.3  Results  and  materials  generated  by  the Operator in accordance with the
     current contract are the Client's property and cannot be disclosed to third
     parties  or  utilized  for promotional, scientific, or educational purposes
     without  a  written  consent.
4.4  The  Operator  guarantees that completed works are not subject to rights or
     complaints of any kind, which are based on commercial or other intellectual
     property  of  third  parties.
4.5  Both  sides  oblige to conform to the clause of information confidentiality
     relating to the subject of this agreement, the course of its completion and
     generated  data.
4.6  When  faced  with  unforeseen circumstances and disruptions/terminations in
     relation  to  this  contract,  any  losses  borne  by  the  sides  are  not
     compensated,  payments  in  advance  are  subject to refunds minus expenses
     borne.

5.   RESOLUTION  OF  DISPUTES
5.1  The  sides will take measures to settle disputes by filing complaints, with
     a  30  day  period of examination from the moment received. Upon failure to
     reach  an  agreement,  disputes  are  settled  in  the arbitration court by
     jurisdiction.

6.   LEGAL  ADDRESSES  OF  SIDES

Operator
--------
LLC "Geodata Consulting
Varvarka Street. 14
Office 222
Moscow, Russia 103688

/s/ Stanislav Kopunov
-----------------------
Stanislav Kopunov

Client
------
LLC "Zauralneftegaz"
Lenina Street 27/X
Kurgan city, Russia 640000

/s/ Oleg V. Zhuravlev
-----------------------
Oleg V. Zhuravlev

<PAGE>LICENSE FOR THE RIGHT TO USE ENTRAILS

                               1 1 4 5 2
   ----------                                           ---------------
     SERIES                    NUMBER                    LICENSE  TYPE

is granted to "ZAURAL-NEFTEGAS LTD" in the person of

Director General ZHURAVLEV OLEG VENEDIKTOVICH with the purpose of

Geological exploration of the WEST-SUERSK PARCEL ENTRAILS with the object of

prospecting and estimation of hydrocarbon deposits .

The parcel is located on the territory of adjoining LEBYAZHEVSK and

MOKROUSOVSK DISTRICTS, KURGAN PROVINCE.

Description of the parcel boundaries, its co-ordinates, toponymic

plans, profiles and other documents are given in APPENDICES ## 1, 2.

The right to use the ground parcels is granted by ADMINISTRATION OF LEBYAZHEVSKY

DISTRIC, letter dated 20.01.03, MUNICIPAL FORMATION OF MOKROUSOVSKY DISTRICT ,

letter dated 17.01.03 No. 28.

The documents copies and the discription of the parcel boundaries are given in

APPENDICES ## 3, 4.

The parcel has a status of geological allocation.

The date of the license term is February 28, 2008

<PAGE>

THE FOLLOWING DOCUMENTS ARE ESSENTIAL PARTS OF THE LICENSE:

1.License agreement on the terms of the use of

the West-Suersk parcel , Kurgan Province - 8 pp.

2. The layout of the West-Suersk parcel, geographic co-ordinates of

the critical points added - 1 p.

3. Lebyazhevsk District Administration letter dated 20.01.03 50 - 1 p.

4. MF Mokrousovsk District letter dated 17.01.2003 28 - 1 p.

5. Kurgan Administration letter dated 16.12.02 01-1-655 - 1 p.

6. The Russian Ministry of Natural Resources Decree to grant the right of use
the West-Suersk parcel, Kurgan Province - 1 p.

7. The certificate of governmental registration of "Zaural-Neftegas Ltd" - 1 p.

Authorized  representative                          Authorized representative
of the Russian Ministry of                          of the Russian public
Natural Resources                                   authority of Federal Subject

 /s/ Sadovik P.V.       Sadovnik P.V.
-----------------

                                Company executive
                             be granted the license

                         /s Zhuravlev O.V.       Zhuravlev O.V.
                          -----------

<PAGE>LICENSE FOR THE RIGHT TO USE ENTRAILS

                              1 1 4 5 5
   ----------                                               ---------------
     SERIES                    NUMBER                        LICENSE  TYPE

is granted to "ZAURAL-NEFTEGAS LTD" in the person of

Director General ZHURAVLEV OLEG VENEDIKTOVICH with the purpose of

Geological exploration of the MOKROUSOVSK ENTRAILS PARCEL with the object of

prospecting and estimation of hydrocarbon deposits .

The parcel is located on the territory of

MOKROUSOVSK DISTRICT, KURGAN PROVINCE.

Description of the parcel boundaries, its co-ordinates, toponymic

plans, profiles and other documents are given in APPENDICES ## 1, 2.

The right to use the ground parcels is granted by MUNICIPAL FORMATION OF

MOKROUSOVSKY DISTRICT ADMINISTRATION, letter dated 17.01.03 29.

The copies of the documents and the description of the parcel boundaries are

given in APPENDIX # 3.

The parcel has a status of geological allocation.

The date of the license term is February 28, 2008

<PAGE>

THE FOLLOWING DOCUMENTS ARE ESSENTIAL PARTS OF  THE LICENSE:

1.License agreement on the terms of the use of

the Mokrousovsk parcel , Kurgan Province - 8 pp.

2. The layout of the Mokrousovsk parcel, geographic co-ordinates

of the critical points added - 1 p.

3. MF Mokrousovsk District Administration letter dated 17.01.03 29 - 1 p.

4. Kurgan Administration letter dated 16.12.02 01-1-655 - 1 p.

5. The Russian Ministry of Natural Resources Decree to grant the right of use

the Mokrousovsk parcel, Kurgan Province - 1 p.

6. The certificate of governmental registration of "Zaural-Neftegas Ltd" - 1p.

Authorized  representative                          Authorized representative
of the Russian Ministry of                          of the Russian public
Natural Resources                                   authority of Federal Subject

/s/ Sadovnik P.V.              Sadovnik P.V.
----------------

                                Company executive
                                be granted the license

                               /s/ Zhuravlev O.V.     Zhuravlev O.V.
                                ------------

<PAGE>

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