Document:

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                                                                    EXHIBIT 10.3

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                             SHAREHOLDERS AGREEMENT

                                  by and among

                           WESTPORT ENERGY CORPORATION

                                       and

             THE SHAREHOLDERS OF EQUITABLE PRODUCTION (GULF) COMPANY
                     SET FORTH ON THE SIGNATURE PAGES HEREOF

                           Dated as of March 9, 2000

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                             SHAREHOLDERS AGREEMENT

                  THIS SHAREHOLDERS AGREEMENT is dated as of March __, 2000
(this "Agreement") by and among Westport Energy Corporation ("WEC"), a Delaware
corporation, and each of the persons set forth on the signature pages hereof
(the "Covered Shareholders").

         A. Each of the Covered Shareholders owns shares of common stock of WEC.

         B. WEC, Westport Oil And Gas Company, Inc. ("WOGCI"), a Delaware
corporation and a subsidiary of WEC, Equitable Production Company ("EPC"), a
Delaware corporation, Equitable Production (Gulf) Company (the "Company"), a
Delaware corporation and a wholly-owned subsidiary of EPC, and EPGC Merger Sub
Corporation, a Delaware corporation and wholly-owned subsidiary of the Company
("EPGC Sub") have entered into an Agreement and Plan of Merger (the "Merger
Agreement") dated March ___, 2000 pursuant to which EPGC Sub will merge with and
into WOGCI, and as part of the merger, the common stock of WOGCI, substantially
all of which is owned by WEC, will be converted into shares of Common Stock of
the Company, representing an estimated 51% of the Company's Common Stock
outstanding. EPC will retain shares of Common Stock of the Company, representing
an estimated 49% of the Common Stock of the Company outstanding.

         C. Pursuant to the Merger Agreement, the Company, WEC and EPC will
enter into a Shareholders Agreement (the "Primary Shareholders Agreement") with
respect to certain matters relating to the ownership of Common Stock of the
Company by the parties thereto.

         D. The consummation of the transactions contemplated by the Merger
Agreement and the Primary Shareholders Agreement require that WEC and the
Covered Shareholders enter into this Agreement.

         E. Pursuant to this Agreement, WEC shall act on behalf of the Covered
Shareholders with respect to the benefits to and obligations of WEC and the
Covered Shareholders under the Primary Shareholders Agreement.

         Accordingly, in consideration of the foregoing, and of the
representations, warranties, covenants and agreements contained herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

                                    ARTICLE I

                                      PROXY

         Section 1.1 Irrevocable Proxy. (a) Each Covered Shareholder hereby
irrevocably appoints WEC as his or its attorney, agent and proxy, with full
power of substitution for each such Covered Shareholder and in the name, place
and stead of each such Covered Shareholder to vote or, if applicable, to give
written consent, in such manner as such attorney, agent and proxy

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or its substitutes shall in its sole discretion deem proper to so vote (or
consent) with respect to all shares of Common Stock whether owned on the date
hereof or acquired hereafter (whether by purchase or exchange) which each such
Covered Shareholder is or may be entitled to vote at any meeting of the Company
held after the date hereof, whether annual or special and whether or not an
adjourned meeting, or, if applicable, to give written consent with respect
thereto. This proxy is coupled with an interest and shall be irrevocable and
binding on any successor in interest of each such Covered Shareholder and shall
not be terminated by operation of law upon the occurrence of any event,
including, without limitation, the death or incapacity of each such Covered
Shareholder. This proxy shall be effective from the date of this Agreement until
terminated pursuant to Section 1.l(b) and shall operate to revoke any prior
proxy as to the shares of Common Stock of the Company.

         (b) The proxy granted pursuant to Section 1.1(a) above shall terminate
(i) with respect to any shares of Common Stock Transferred (as defined below) in
accordance with this Agreement to any person or (ii) upon the termination of
this Agreement, whichever is the first to occur.

                                   ARTICLE II

                                    TRANSFER

         Section 2.1 Transfer Restrictions. (a) Until the first anniversary of
the consummation of a Qualified Public Offering of Common Stock, no Covered
Shareholder shall, directly or indirectly, sell, transfer, assign, pledge or
otherwise dispose of (a "Transfer") all or part of the Shares beneficially owned
by such Covered Shareholder to any person (other than a Permitted Transferee)
without the prior written consent of WEC. Any Transfer of the Shares in
violation of this Agreement shall have no effect and be null and void.

         (b) Each Covered Shareholder hereby further agrees that, with respect
to any Registration Statement that the Company may file (other than a
Registration Statement on Form S-8), it will not sell any securities of the
Company other than securities, if any, of such Covered Shareholder included in
such Registration Statement, during the time period reasonably requested by the
managing underwriters, not to exceed seven days prior to and the 180-day period
beginning on the date such Registration Statement is declared effective.

         Section 2.2 Tag Along Rights. WEC hereby agrees that if it is offered
the right to participate in a sale of any Shares by EPC or its Subsidiaries
pursuant to the provisions of the Primary Shareholders Agreement, it shall make
such rights available to the Covered Shareholders on a pro rata basis (taking
into account the appropriate voting and economic interests) on the same terms
and conditions as offered to WEC.

         Section 2.3 Sale of the Company. If WEC is required to sell pursuant to
the terms of the Primary Shareholders Agreement or sells, directly or indirectly
(by merger or otherwise) all of the Shares owned by it, or otherwise causes the
sale of the Company, WEC shall require each of the Covered Shareholders to sell
and each Covered Shareholder agrees to

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sell, to the prospective purchaser concurrently with and on the terms (including
price) and subject to the conditions of the sale of the Shares owned by WEC, all
of the Shares owned by such Covered Shareholders. Each of the Covered
Shareholders agrees to take such actions as are necessary to consummate the
transactions contemplated by this Section 2.3.

                                   ARTICLE III

                                   TERMINATION

         Section 3.1 Termination. This Agreement shall be terminated and shall
cease to be binding on the parties hereto upon the earlier of (i) termination of
the Primary Shareholders Agreement, (ii) as to any restrictions binding on the
Covered Shareholders which WEC notifies the Covered Shareholders are to be
terminated or waived by WEC, and (iii) a Qualified Public Offering.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

         Section 4.1 Representations and Warranties of WEC. WEC hereby
represents and warrants to the Covered Shareholders as follows: WEC has all
requisite corporate power and authority to enter into this Agreement and to
consummate the transactions contemplated hereby. The execution and delivery by
WEC of this Agreement, and the consummation by WEC of the transactions
contemplated hereby have been duly authorized by all necessary corporate action
on the part of WEC and does not conflict with, or result in a breach of, any law
or regulation of any governmental authority applicable to WEC or any material
agreement to which WEC is a party. This Agreement has been duly executed and
delivered by WEC and constitutes a valid and binding obligation of WEC
enforceable against WEC in accordance with its terms.

         Section 4.2 Representations and Warranties of the Covered Shareholders.
Each of the Covered Shareholders (as to itself only) hereby represents and
warrants to WEC as follows: Each Covered Shareholder has all requisite power and
authority to enter into this Agreement and to consummate the transactions
contemplated hereby. The execution and delivery by each Covered Shareholder of
this Agreement, and the consummation of the transactions contemplated hereby,
have been duly authorized by all necessary action on the part of each Covered
Shareholder and does not conflict with, or result in a breach of, any law or
regulation of any governmental authority applicable to any such Covered
Shareholder or any material agreement to which such Covered Shareholder is a
party. This Agreement has been duly executed and delivered by each Covered
Shareholder and constitutes a valid and binding obligation, enforceable against
each Covered Shareholder in accordance with its terms.

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                                   ARTICLE V

                               GENERAL PROVISIONS

         Section 5.1 Certain Definitions. The following capitalized terms used
in this Agreement shall bear the following meanings:

         "Common Stock": the common stock of the Company now or hereafter
authorized to be issued.

         "Permitted Transferees": the Covered Shareholders, any current or
future employee, shareholder, director or officer of WEC, or any spouse, issue,
parents or other relative of any of the foregoing or (i) trust for the benefit
of any of such persons, (ii) entities controlling or controlled by any of such
persons and (iii) in the event of the death of any such individual persons,
heirs or testamentary legatees of such persons, and in each case who has entered
into this Agreement.

         "Person": any natural person, corporation, partnership, firm,
association, trust, government, governmental agency or other entity, whether
acting in an individual, fiduciary or other capacity.

         "Shares": shares of Common Stock.

         "Subsidiary": of any Person shall mean any corporation or other legal
entity of which such Person (either alone or through or together with any other
Subsidiary) owns, directly or indirectly, 50% or more of the stock or other
equity interests, the holders of which are generally entitled to vote for the
election of the board of directors or other governing body of such corporation
or other legal entity.

Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Primary Shareholders Agreement.

         Section 5.2 Primary Shareholders Agreement. Each Covered Shareholder
acknowledges and agrees that WEC will act as its representative with respect to
matters arising under the Primary Shareholders Agreement.

         Section 5.3 Notices. All notices hereunder shall be in writing and
shall be deemed to have been duly given if delivered in person or by registered
or certified mail, return receipt requested, with respect to WEC, at the
following addresses:

         If to Westport:           Westport Energy Corporation
                                   21 Glen Oaks Ave.
                                   Summit, NJ 07901
                                   Attention:  Erich Gerstberger
                                   Fax Number:  (908) 273-4437
                                   Phone Number:  (908) 273-4516

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         With a copy to:           Akin, Gump, Strauss, Hauer & Feld, L.L.P.
                                   1700 Pacific Avenue, Suite 4100
                                   Dallas, Texas 75201-4676
                                   Attention:  Michael E. Dillard, P.C.
                                   Fax Number:  (214) 969-4343
                                   Phone Number:  (214) 969-2800

         And to:                   Davis, Graham & Stubbs, LLP
                                   370 17th Street, Suite 4700
                                   Denver, Colorado 80202
                                   Fax Number: (303) 893-1379
                                   Phone Number: (303) 892-7365

         And to:                   Michael Russell
                                   Dr. Richard J. Haas Partners
                                   Dukes Court
                                   32 Duke Street, St. James's
                                   London, SW1Y 6DF
                                   Fax Number:  020.7.321.5242
                                   Phone Number:  020.7.321.5200

or with respect to the Covered Shareholders, at the addresses set forth opposite
their respective names below or such other address as any such Covered
Shareholders shall have given to WEC for such purpose.

         Section 5.4 Assignment; Binding Effect; Third Party Beneficiary.
Neither this Agreement nor any of the rights, interests or obligations hereunder
shall be assigned by WEC, on the one hand, or any of the Covered Shareholders,
on the other hand, (whether by operation of law or otherwise) without the
consent of the other (except that WEC may so assign to an affiliate of WEC).
Subject to the preceding sentence, this Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors
and assigns. Notwithstanding anything contained in this Agreement to the
contrary, nothing in this Agreement, express or implied, is intended to confer
on any person other than the parties hereto or their respective heirs,
successors, executors, administrators and assigns any rights, remedies,
obligations or liabilities under or by reason of this Agreement, except that EPC
and its Subsidiaries are intended third party beneficiaries of this Agreement.

         Section 5.5 Entire Agreement. This Agreement and the appendices hereto
and any certificate delivered by the parties in connection herewith constitute
the entire agreement among the parties with respect to the subject matter hereof
and supersede all prior agreements and understandings (oral and written) among
the parties with respect thereto.

         Section 5.6 Amendment. This Agreement may be amended by the parties
hereto at any time by an instrument in writing signed by or on behalf of each of
the parties hereto (but no such amendment shall be binding on any non-signing
party).

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         Section 5.7 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to
its rules of conflict of laws.

         Section 5.8 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be signed by WEC and one or more Covered
Shareholder and all of which shall be deemed to be one and the same agreement,
binding upon WEC and each of the Covered Shareholders.

         Section 5.9 Severability. Any term or provision of this Agreement which
is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction,
be ineffective to the extent of such invalidity or unenforceability without
rendering invalid or unenforceable the remaining terms and provisions of this
Agreement or otherwise affecting the validity or enforceability of any of the
terms or provisions of this Agreement in any other jurisdiction. If any
provision of this Agreement is so broad as to be unenforceable, the provision
shall be interpreted to be only so broad as is enforceable.

         Section 5.10 Enforcement of Agreement. The parties hereto agree that
irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed in accordance with its specific terms or was
otherwise breached. It is accordingly agreed that the parties shall be entitled
to an injunction or injunctions to prevent breaches of this Agreement and to
enforce specifically the terms and provisions hereof, this being in addition to
any other remedy to which they may be entitled at law or in equity.

         Section 5.11 Effective Time. Notwithstanding anything herein to the
contrary, this Agreement shall become effective from and upon the Closing of the
transactions contemplated by the Merger Agreement, and the representations and
warranties contained herein shall be deemed made as of the date of Closing. If
the Merger Agreement is terminated for any reason, this Agreement shall also
terminate.

                           [SIGNATURE PAGES FOLLOWING]

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           [1 OF 2 SIGNATURE PAGES FOR COVERED SHAREHOLDERS AGREEMENT]

         IN WITNESS WHEREOF, the parties have executed this Covered Shareholders
Agreement and caused the same to be duly delivered on their behalf as of the day
and year first written above.

COVERED SHAREHOLDER:

                                   Name:
-------------------------------            ------------------------------------

                                   Address:
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                                           ------------------------------------

                                           ------------------------------------

                                   Number of Shares held
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           [2 OF 2 SIGNATURE PAGES FOR COVERED SHAREHOLDERS AGREEMENT]

                                             WESTPORT ENERGY CORPORATION

                                             By:
                                                -------------------------------
                                               Name:
                                               Title:<PAGE>   1
                                                                    EXHIBIT 10.5

                            INDEMNIFICATION AGREEMENT

                  THIS INDEMNIFICATION AGREEMENT (the "AGREEMENT") dated as of
______________, 2000, between Westport Resources Corporation, a Delaware
corporation (the "CORPORATION"), and the undersigned director or officer of the
Corporation ("INDEMNITEE").

                  WHEREAS, the Corporation has adopted a Certificate of
Incorporation (the "CERTIFICATE") and Bylaws (the "BYLAWS") providing for
indemnification of the Corporation's directors and officers to the maximum
extent authorized by the Delaware General Corporation Law, as amended from time
to time ("DELAWARE LAW");

                  WHEREAS, such Certificate, Bylaws and Delaware Law contemplate
that contracts and insurance policies may be entered into with respect to
indemnification of directors and officers;

                  WHEREAS, the Corporation has purchased and presently maintains
a policy or policies of directors' and officers' liabilities insurance ("D&O
INSURANCE") covering certain liabilities that may be incurred by the
Corporation's directors and officers in the performance of their services to the
Corporation;

                  WHEREAS, the general availability of D&O Insurance covering
certain liabilities that may be incurred by the Corporation's directors and
officers in the performance of their services to the Corporation and the
applicability, amendment and enforcement of statutory and bylaw provisions have
raised questions concerning the adequacy and reliability of the protection
afforded directors and officers;

                  WHEREAS, it is reasonable, prudent and necessary for the
Corporation to obligate itself contractually to indemnify Indemnitee so that he
will serve or continue to serve the Corporation free from undue concern that he
will not be adequately protected; and

                  WHEREAS, Indemnitee is willing to serve, continue to serve and
to take on additional service for or on behalf of the Corporation on condition
that he be so indemnified;

                  NOW, THEREFORE, in consideration of the premises and the
covenants contained herein, the Corporation and Indemnitee do hereby covenant
and agree as follows:

                  1. DEFINITIONS. As used in this Agreement,

         (a) The term "Proceeding" shall include any threatened, pending or
completed action, suit, inquiry or proceeding, whether brought by or in the
right of the Corporation or otherwise and whether of a civil, criminal,
administrative or investigative nature, in which Indemnitee was, is or will be
involved as a party, as a witness or otherwise, by reason of the fact that
Indemnitee is or was a director, officer, employee or agent of the Corporation,
by reason of any action taken by him or of any inaction on his part while acting
as a director, officer, employee or agent or by reason of the fact that he is or
was serving at the request of the Corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust, limited
liability company or other enterprise; in each case whether or not he is acting
or serving in any such

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capacity at the time any liability or expense is incurred for which
indemnification or reimbursement can be provided under this Agreement; provided
that any such action, suit or proceeding which is brought by Indemnitee against
that Corporation or directors or officers of the Corporation, other than an
action brought by Indemnitee to enforce his rights under this Agreement, shall
not be deemed a Proceeding without prior approval by a majority of the Board of
Directors of the Corporation.

         (b) The term "Expenses" shall include, without limitation, any
judgments, fines and penalties against Indemnitee in connection with a
Proceeding; amounts paid by Indemnitee in settlement of a Proceeding; and all
attorneys' fees and disbursements, accountants' fees, private investigation fees
and disbursements, retainers, court costs, transcript costs, fees of experts,
fees and expenses of witnesses, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, and all other
disbursements, or expenses, reasonably incurred by or for Indemnitee in
connection with prosecuting, defending, preparing to prosecute or defend,
investigating, being or preparing to be a witness in a Proceeding or
establishing Indemnitee's right of entitlement to indemnification for any of the
foregoing.

         (c) References to "other enterprise" shall include employee benefit
plans; references to "Fines" shall include any excise tax assessed with respect
to any employee benefit plan; references to "serving at the request of the
Corporation" shall include any service as a director, officer, employee or agent
of the Corporation which imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan,
its participants or beneficiaries; and a person who acted in good faith and in a
manner he reasonably believed to be in the interests of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interest of the Corporation" as referred to in
this Agreement.

         (d) The term "substantiating documentation" shall mean copies of bills
or invoices for costs incurred by or for Indemnitee, or copies of court or
agency orders or decrees or settlement agreements, as the case may be,
accompanied by a sworn statement from Indemnitee that such bills, invoices,
court or agency orders or decrees or settlement agreements, represent costs or
liabilities meeting the definition of "Expenses" herein.

         (e) The terms "he" and "his" have been used for convenience and mean
"she" and "her" if Indemnitee is a female.

                  2. INDEMNITY OF DIRECTOR OR OFFICER. The Corporation hereby
agrees to hold harmless and indemnify Indemnitee against Expenses to the fullest
extent authorized or permitted by the provisions of Delaware Law, or by any
amendment thereof, or by other statutory provisions authorizing or permitting
such indemnification adopted after the date hereof.

                  3. ADDITIONAL INDEMNITY. The Corporation hereby further agrees
to hold harmless and indemnify Indemnitee against Expenses incurred by reason of
the fact that Indemnitee is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust, limited liability company or other enterprise, including,
without limitation, any predecessor, subsidiary or affiliated entity of the
Corporation,

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but only if Indemnitee acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interest of the Corporation and, in
the case of a criminal proceeding, in addition, had no reasonable cause to
believe that his conduct was unlawful. The termination of any Proceeding by
judgment, order of the court, settlement, conviction or upon a plea of nolo
contendere, or its equivalent, shall not, of itself, create a presumption that
Indemnitee did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interest of the Corporation, and
with respect to any criminal proceeding, that such person had reasonable cause
to believe that his conduct was unlawful.

                  4. CHOICE OF COUNSEL. If Indemnitee is not an officer of the
Corporation, he, together with the other directors who are not officers of the
Corporation (the "OUTSIDE DIRECTORS"), shall be entitled to employ, and be
reimbursed for the fees and disbursements of, counsel separate from that chosen
by Indemnitees who are officers of the Corporation. The principal counsel for
Outside Directors ("PRINCIPAL COUNSEL") shall be determined by majority vote of
the Outside Directors, and the Principal Counsel for the Indemnitees who are not
Outside Directors ("SEPARATE COUNSEL") shall be determined by majority vote of
such Indemnitees. The obligation of the Corporation to reimburse Indemnitee for
the fees and disbursements of counsel hereunder shall not extend to the fees and
disbursements of any counsel employed by Indemnitee other than Principal Counsel
or Separate Counsel, as the case may be, unless, in the opinion of other counsel
for Indemnitee, concurred on by Principal Counsel or Separate Counsel, as the
case may be, Indemnitee may have defenses available to him that are in addition
to or different from those of the other indemnitees such that there is a
substantial possibility that Principal Counsel or Separate Counsel, as the case
may be, will have a conflict of interest in representing Indemnitee.

                  5. ADVANCES OF EXPENSES. Expenses (other than judgments,
penalties, fines and settlements) incurred by Indemnitee shall be paid by the
Corporation, in advance of the final disposition of the Proceeding, within 10
days after receipt of Indemnitee's written request accompanied by substantiating
documentation and Indemnitee's undertaking to repay such amount to the extent it
is ultimately determined that Indemnitee is not entitled to indemnification. No
objections based on or involving the question whether such charges meet the
definition of "Expenses," including any question regarding the reasonableness of
such Expenses, shall be grounds for failure to advance to such Indemnitee, or to
reimburse such Indemnitee for, the amount claimed within such 10-day period, and
the undertaking of Indemnitee set forth in Section 7 to repay any such amount to
the extent it is ultimately determined that Indemnitee is not entitled to
indemnification shall be deemed to include an undertaking to repay any such
amounts determined not to have met such definition.

                  6. RIGHT OF INDEMNITEE TO INDEMNIFICATION UPON APPLICATION;
PROCEDURE UPON APPLICATION. Any indemnification under this Agreement, other than
pursuant to Section 5, shall be made no later than 45 days after receipt by the
Corporation of the written request of Indemnitee, accompanied by substantiating
documentation, unless a determination is made within said 45-day period by (1)
the Board of Directors by a majority vote of a quorum consisting of directors
who are not or were not parties to such Proceeding, or (2) independent legal
counsel in a written opinion (which counsel shall be appointed if such a quorum
is not obtainable), that Indemnitee has not met the relevant standards for
indemnification set forth in Section 3.

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<PAGE>   4

                  The right to indemnification or advances as provided by this
Agreement shall be enforceable by Indemnitee in any court of competent
jurisdiction. The burden of proving that indemnification is not appropriate
shall be on the Corporation. Neither the failure of the Corporation (including
its Board of Directors or independent legal counsel) to have made a
determination prior to the commencement of such action that indemnification is
proper in the circumstances because Indemnitee has met the applicable standard
of conduct, nor an actual determination by the Corporation (including its Board
of Directors or independent legal counsel) that Indemnitee has not met such
applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct.

                  7. UNDERTAKING BY INDEMNITEE. Indemnitee hereby undertakes to
repay to the Corporation any advances of Expenses pursuant to Section 3 to the
extent that it is ultimately determined that Indemnitee is not entitled to
indemnification.

                  8. INDEMNIFICATION HEREUNDER NOT EXCLUSIVE. The
indemnification and advancement of expenses provided by this Agreement shall not
be deemed exclusive of any other rights to which Indemnitee may be entitled
under the Certificate, the Bylaws, Delaware Law, D&O Insurance, any agreement,
or otherwise, both as to action in his official capacity and as to action in
another capacity while holding such office. However, Indemnitee shall reimburse
the Corporation for amounts paid to him pursuant to such other rights to the
extent such payments duplicate any payments received pursuant to this Agreement.

                  9. CONTINUATION OF INDEMNITY. All agreements and obligations
of the Corporation contained herein shall continue during the period Indemnitee
is a director or officer of the Corporation (or is or was serving at the request
of the Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust, limited liability company or
other enterprise) and shall continue thereafter so long as Indemnitee shall be
subject to any possible Proceeding.

                  10. PARTIAL INDEMNIFICATION. If Indemnitee is entitled under
any provision of this Agreement to indemnification by the Corporation for some
or a portion of Expenses, but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify Indemnitee for the portion of such
Expenses to which Indemnitee is entitled.

                  11. SETTLEMENT OF CLAIMS. The Corporation shall not be liable
to indemnify indemnitee under this Agreement for any amounts paid in settlement
of any Proceeding effected without the Corporation's written consent. The
Corporation shall not settle any Proceeding in any manner which would impose any
penalty or limitation on Indemnitee without Indemnitee's written consent.
Neither the Corporation nor Indemnitee will unreasonably withhold their consent
to any proposed settlement. The Corporation shall not be liable to indemnify
Indemnitee under this Agreement with regard to any judicial award if the
Corporation was not given a reasonable and timely opportunity, at its expense,
to participate in the defense of such action.

                  12. ENFORCEMENT.

         (a) The Corporation expressly confirms and agrees that it has entered
into this Agreement and assumed the obligations imposed on the Corporation
hereby in order to induce

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Indemnitee to serve as a director or officer of the Corporation, and
acknowledges that Indemnitee is relying upon this Agreement in continuing as a
director or officer.

         (b) In the event Indemnitee is required to bring any action or other
proceeding to enforce rights or to collect monies due under this Agreement and
is successful in such action, the Corporation shall reimburse Indemnitee for all
of Indemnitee's Expenses in bringing and pursuing such action.

                  13. GOVERNING LAW; BINDING EFFECT; AMENDMENT AND TERMINATION.

         (a) This Agreement shall be interpreted and enforced in accordance with
the laws of the State of Delaware.

         (b) This Agreement shall be binding upon the Corporation, its
successors and assigns, and shall inure to the benefit of Indemnitee, his heirs,
personal representatives and assigns and to the benefit of the Corporation, its
successors and assigns.

         (c) No amendment, modification, termination or cancellation of this
Agreement shall be effective unless in writing signed by the Corporation and
Indemnitee.

                  14. SEVERABILITY. If any provision of this Agreement shall be
held to be invalid, illegal or unenforceable (a) the validity, legality and
enforceability of the remaining provisions of this Agreement shall not be in any
way affected or impaired thereby, and (b) to the fullest extent possible, the
provisions of this Agreement shall be construed so as to give effect to the
intent manifested by the provision held invalid, illegal or unenforceable. Each
section of this Agreement is a separate and independent portion of this
Agreement. If the indemnification to which Indemnitee is entitled with respect
to any aspect of any claim varies between two or more sections of this
Agreement, that section providing the most comprehensive indemnification shall
apply.

                  15. NOTICE. Notice to the Corporation shall be directed to
Westport Resources Corporation, 410 Seventeenth Street, Suite 2300, Denver,
Colorado 80202, Attention: Chief Executive Officer. Notice to Indemnitee shall
be directed to the address set forth under his signature hereto. The foregoing
addresses may be changed from time to time by the addressee upon notice to the
other parties. Notice shall be deemed received three days after the date
postmarked if sent by prepaid mail, properly addressed.

                            [SIGNATURE PAGE FOLLOWS]

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                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement on and as of the day and year first above written.

                                        WESTPORT RESOURCES CORPORATION

                                        By:
                                           ------------------------------------
                                        Name:
                                        Title:

                                        INDEMNITEE

                                        ---------------------------------------
                                        Name:
                                             ----------------------------------
                                        Address:
                                                -------------------------------

                                        ---------------------------------------

                                        ---------------------------------------

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}]]