Document:

Exhibit 10.22

                          Shannon International, Inc.
          -------------------------------------------------------------
          Suite 100 238A Brownlow Avenue Dartmouth Nova Scotia B3B 2B4
                        P. 902.481.7225 F. 902.581.7224

                                LETTER AGREEMENT

 September 22, 2006

 888 - 888 Dunsmuir Street
 Vancouver, British Columbia
 V6C 3K4

 Attention: Art Brown, CEO

 Dear Sirs:

     Re:  Sale by Shannon International Inc. ("Shannon") of 50% working interest
          (the "Interest") in its rights, title and interest in Prince Edward
          Island Oil & Gas Permits Numbered 02-01, 04-01 and 04-04 (collectively
          the "Permits") and certain seismic data to

 Further to our discussions, this letter sets forth our understanding of the
 terms and conditions under which Shannon shall sell and transfer to Maxim a
 working interest represented by the Interest in the above described Permits and
 seismic data described herein.

1.   Definitions

     In this letter (this "Agreement"):

     a)   "Closing" means the date hereof;

     b)   "Effective Date" means September 25, 2006; and

     c)   "Seaview Well" means the well known in PEI as Shannon et al Seaview
          No.1, which was drilled under the terms of the Joint Operating
          Agreement dated October 22, 2001 between Rally, Shannon et al.

2.   Sale of Interest

     Subject to the terms and conditions of this Agreement and Schedule "A"
     attached hereto and incorporated herein, Shannon hereby agrees to sell,
     assign, transfer and convey to Maxim as of the Effective Date, the
     Interest.

3.   Purchase Price

     At or prior to the Closing Time, Maxim shall have delivered to Shannon the
     final $50,000 CDN in addition to the $270,000 that is owed to Maxim by
     Shannon which amount is herein to be acknowledged as finalized and settled.

<PAGE>

4.   Closing

     Closing shall take place by the execution of this Agreement and return to
     the offices of Shannon by telecopy at 902-405-3572 which fax shall be
     binding. Each party hereto shall bear its own costs in connection with this
     Agreement and the matters contemplated herein and neither party hereto
     shall have any liability to the other under this Agreement.

5.   Abandonment Liability

     Maxim assumes and acknowledges its share of the costs including any
     decommissioning and abandonment costs incurred in any respect to the
     Seaview Well from the Effective Date forward.

6.   Other Provisions

     a)   This Agreement shall be governed by, construed, interpreted and
          enforced in accordance with the laws of Nova Scotia, Canada to the
          exclusion of any conflicts of law rules which would refer the matter
          to the laws of another jurisdiction. The parties attorn thereto.

     b)   Time shall in all respects be of the essence hereof.

     c)   This Agreement is not transferable.

     d)   This Agreement may be executed in any number of counterparts,
          including those delivered by facsimile, and all such counterparts when
          taken together shall constitute one and the same agreement. A party
          hereto delivering an executed counterpart by facsimile shall deliver
          the original thereof to the other party hereof by overnight courier.

 Please confirm your agreement to the terms hereof by signing in the space
 provided below and faxing it back to us.

 Yours truly,

 SHANNON INTERNATIONAL INC.

 J. William Clements
 -------------------
 President

 JWC/

AGREED AND ACCEPTED this 22nd day of September, 2006.
MAXIM RESOURCES INC.
BY: ART BROWN, PRESIDENT

<PAGE>

SCHEDULE "A" - TERMS

     Working interest:
     -----------------

o    Working Interest (WI): Pay below to earn 50 %.

o    Maxim WI             50% =         $ 320,000

              o            Less advance   270,000
                                        ---------

              o            Balance      $  50,000   of cash call
                                        =========

o    Payout:                      50% of net cash flow

o    Maxim cash call:             50% hereafter or dilution of interest pro rata

o    Working Interest earned:     50%

     Sale of Permits:
     ----------------

In the event of sale of permits by Shannon $50,000 is paid back first postponed
by Shear Wind and Quadrangle to the deadline as extended resulting that if
property sold:

o First $50,000 to Maxim (or by guarantee of Quadrangle in lieu of postponement
that in the event of a sale which is deficient i.e. not enough to payout
obligations of Shear Wind plus $50,000 - Quadrangle shall be obligated to
Maxim).

     o    Pay out Shear Wind of $250,000 and any commission per standstill
          agreement.

     o    Balance to pay out Maxim $270,000 in cash & equivalent secured by
          shares in purchaser or otherwise.

Finders fees may be payable by Shannon from the gross.

<PAGE>Exhibit 10.23

THIS RELEASE AGREEMENT dated September 26, 2006.

BETWEEN:

     LOGICAL SEQUENCE INCORPORATED., a body corporate
     ("LSI")

                                                          OF THE FIRST PART

     - and -

     SHANNON INTERNATIONAL INC., a body corporate
     ("Shannon")

                                                          OF THE SECOND PART

     - and -

     LARNACA LIMITED, a body corporate
     ("Larnaca")

                                                          OF THE THIRD PART
     - and -

     MAX WANDINGER,
     ("Wandinger")

                                                          OF THE FOURTH PART

WHEREAS pursuant to an agreement dated August 15, 2002 by and between Larnaca
and LSI, formerly known as 1525042 Ontario Limited, Larnaca directed that 50,000
shares of LSI preferred stock were to be issued in the name of Wandinger (the
"August 2002 Agreement" and the "Preferred Shares", respectively).

AND WHEREAS the Preferred Shares were never created or issued pursuant to the
laws of the Province of Ontario;

AND WHEREAS Larnaca has agreed to waive and disclaim any and all interest in and
to the August 2002 Agreement and the Preferred Shares in consideration of a full
release from LSI and Shannon;

AND WHEREAS: Wandinger has agreed to waive and disclaim any and all interest in
and to the August 2002 Agreement and the Preferred Shares in consideration of a
full release from LSI and Shannon;

<PAGE>

NOW THEREFORE THE PARTIES HERETO HAVE AGREED as follows in consideration of the
mutual covenants and agreements hereinafter set forth:

1.   Jeremy Northcote (solely in the role as Director of Lawtec Services
     Limited, the Corporate Director of Larnaca ("Lawtec") and Larnaca represent
     and warrant to LSI that Lawtec is an officer and director of Larnaca, a
     corporation formed under the laws of the Turks and Caicos Islands, and has
     full authority to execute this Agreement on behalf of Larnaca, without the
     approval or consent of any third party with respect to the matters to which
     this Settlement Agreement relate.

2.   Larnaca waives any and all claims relative to the August 2002 Agreement and
     the Preferred Shares and agrees to be forever estopped from asserting any
     such rights thereto in law or in equity in any jurisdiction.

3.   Larnaca acknowledges that the below release of claims is and shall be valid
     consideration for the transfer of assets set forth in the August 2002
     Agreement and that Larnaca has no right, title or claim to any of the said
     assets or proceeds therefrom.

4.   Wandinger hereby disclaims and waives any and all right, title, or claim to
     the August 2002 Agreement and the Preferred Shares and any and all right,
     title, or claim that Wandinger has, had, or may ever have at any time in
     relation to the August 2002 Agreement and agrees to be forever estopped
     from asserting any such rights thereto in law or in equity in any
     jurisdiction.

5.   Wandinger agrees to cooperate with LSI with respect to the surrender of any
     and all documents in his possession with respect to LSI, Shannon
     International Inc., and Shannon Investments, Ltd., subject however, to any
     requirement imposed upon Wandinger by the applicable law society to retain
     copies of file materials relating to any legal services provided by
     Wandinger to LSI and Shannon. The release of Wandinger hereof shall be
     conditional and shall take effect upon the surrender of any and all
     documents in his possession with respect to LSI, Shannon International
     Inc., and Shannon Investments, Ltd. to J. William Clements at Halifax, Nova
     Scotia at the offices of LSI.

<PAGE>

6.   Subject to full compliance with the terms hereof, LSI and Shannon hereby
     release Larnaca and Wandinger of and from all manner of actions, causes of
     actions, suits, liabilities, claims and demands, which against Larnaca
     and/or Wandinger, LSI and Shannon may ever have, now have or which LSI and
     Shannon can, shall, or may have against Larnaca and/or Wandinger for or by
     reason of the August 2002 Agreement and the Preferred Shares and all other
     matters connected therewith, absent criminal and unlawful behavior, and
     Larnaca and Wandinger hereby release Shannon, Shannon Investments, Ltd. and
     LSI, their respective officers, directors, employees and agents from any
     and all liability to Larnaca and/or Wandinger with respect to the August
     2002 Agreement and the Preferred Shares and all other matters, absent
     criminal and unlawful behavior. Notwithstanding the above, Wandinger (which
     herein includes any legal corporation of Wandinger) shall remain subject to
     all his duties as a former solicitor of Shannon, Shannon Investments, Ltd.
     and LSI and Shannon, Shannon Investments, Ltd. and LSI shall be subject to
     the due payment of all accounts for legal services and consulting services
     provided by Wandinger to Shannon and LSI as represented by the various
     accounts rendered to date to a maximum amount including taxes and
     disbursements of $28,000 (the "Capped Amount"), unless otherwise agree to
     in writing between the parties hereto. LSI and Shannon agree to pay their
     respective outstanding accounts of Wandinger for legal and consulting
     services only to the extent of the Capped Amount on the date this Agreement
     is executed and deliver to counsel to Shannon, Shannon Investments, Ltd.
     and LSI with the records referred to in paragraph 5 hereof. On such payment
     of the Capped Amount, Wandinger shall not have any further claim and such
     excess above the Capped Amount shall automatically be written off.
     Wandinger agrees to maintain the confidentiality of the business interests
     of Shannon, Shannon Investments, Ltd. and LSI.

7.   This Settlement Agreement shall be governed by the laws of the Province of
     Nova Scotia, Canada and the parties irrevocably attorn to the jurisdiction
     thereof.

8.   Time shall be of the essence in all respects.

9.   This Settlement Agreement and the documents flowing therefrom constitute
     the entire agreement between the parties and supersedes all previous
     agreements, verbal or written, with respect to any matters referred to
     herein.

10.  This Agreement may be executed in any number of counterparts of the
     signature page, each of which shall be considered an original. In addition,
     a signature which is reproduced by facsimile transmission shall be deemed
     an original. This Agreement may be executed by telecopy and is binding as a
     result.

IN WITNESS WHEREOF the parties hereto have each properly executed this
settlement agreement.

SIGNED AND DELIVERED                     )            LOGICAL SEQUENCE
In The Presence Of:                      )            INCORPORATED
                                         )
                                         )
                                         ) By: /s/J.William Clements (c/s)
R. Blois Colpitts                        )     ---------------------------
-----------------                              J. William Clements, President
Witness                                  )
                                         )
SIGNED AND DELIVERED                     )            SHANNON INTERNATIONAL
In The Presence Of:                      )            INCORPORATED
                                         )
                                         ) By: /s/J.William Clements (c/s))
R. Blois Colpitts                        )     ----------------------------
------------------
Witness
                                         )
SIGNED AND DELIVERED                     )            LARNACA LIMITED
In The Presence Of:                      )
                                         )
                                         ) By: /s/ Jeremy Northcote (c/s)
                                         )     ----------------------------
____________________________             )     Jeremy Northcote, Director
Witness                                  )
                                         )
SIGNED AND DELIVERED                     )
In The Presence Of:                      )
                                         )
                                         )     /s/ Max Wandinger     (s)
                                         )     ------------------------
C. Keiger                                )     Max Wandinger
-------------------------                )
Witness                                  )
                                         )

<PAGE>

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