Document:

Exhibit 10.1

 Exhibit 10.1 
 VOTING AGREEMENT 
 THIS VOTING AGREEMENT (this “Agreement”) is entered into as of
December 18, 2007, by and among PAETEC Holding Corp., a Delaware corporation (“Buyer”), and the stockholders of Seller identified on the signature pages hereto (collectively, the “Seller Stockholder”).

 WHEREAS, Buyer, Seller and PS Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Buyer (“Merger
Sub”), entered into an Agreement and Plan of Merger, dated as of September 17, 2007, as amended by Amendment No.1 to Agreement and Plan of Merger, dated as of the date of this Agreement (the “Amendment” and such
agreement, as amended, the “Merger Agreement”), pursuant to which, and subject to the terms and conditions of which, Merger Sub will merge with and into Seller and each share of common stock, par value $0.01 per share, of Seller
(the “Seller Common Stock”) will be converted into the right to receive 1.30 shares of common stock, par value $0.01 per share, of Buyer (such transaction, the “Merger”). Capitalized terms used herein without being
defined have the same meanings given to such terms in the Merger Agreement; 
 WHEREAS, the Seller Stockholder beneficially owns, and has
sole voting power or (together with one or more affiliates controlled by the Seller Stockholder) shared voting power with respect to, the outstanding shares of Seller Common Stock identified as being held by the Seller Stockholder on Exhibit
A hereto (such shares of Seller Common Stock, together with any voting securities of Seller issued or exchanged with respect to such shares of Seller Common Stock upon any recapitalization, reclassification, merger, consolidation, spin-off,
partial or complete liquidation, stock dividend, split-up or combination of the securities of Seller or any other change in Seller’s capital structure, the “Covered Shares”); and 
 WHEREAS, in connection with the execution of the Amendment, the Buyer has requested that the Seller Stockholder and certain other holders of Seller
Common Stock execute and deliver this Agreement; 
 NOW, THEREFORE, in consideration of the premises, the mutual covenants and agreements
contained herein and other good and valuable consideration, the receipt of which are hereby acknowledged, the Seller Stockholder, Buyer and Seller hereby agree as follows: 
 1.    Cooperation by Seller Stockholder. Unless and until this Agreement shall be terminated pursuant to paragraph 4, the
Seller Stockholder agrees that, solely in such Seller Stockholder’s capacity as a stockholder of Seller: (a) at the Seller Stockholders Meeting to be held pursuant to Section 5.1(d) of the Merger Agreement, the Seller Stockholder
shall cause all Covered Shares which are outstanding and beneficially owned by Seller Stockholder on the record date of the Seller Stockholders Meeting (the “Eligible Shares”) to be counted as present thereat for the purpose of
establishing a quorum and voted in person or by proxy in favor of the adoption of the Merger Agreement and 

 
approval of the transactions contemplated thereby, including the Merger; (b) the Seller Stockholder shall not take, or permit its representatives to
take, actions inconsistent with its obligations under this Agreement; and (c) the Seller Stockholder agrees that each of Arunas A. Chesonis, Keith M. Wilson and Charles E. Sieving, in his capacity as an officer of Buyer, shall act, and is
hereby appointed, as the agent, proxy and attorney-in-fact for the Seller Stockholder, with full power of substitution and resubstitution, solely to cause the Eligible Shares to be counted as present and to vote the Eligible Shares prior to the
termination of this Agreement in accordance with clause (a) above. With respect to the proxy and power of attorney granted by the Seller Stockholder under clause (c) above: (i) the Seller Stockholder shall take such further action or
execute such other instruments, at Buyer’s sole cost and expense, as may be reasonably necessary to effectuate the intent of such proxy; (ii) such proxy and power of attorney shall be irrevocable during the term of this Agreement, shall be
deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by the Seller Stockholder inconsistent with such proxy; (iii) such power of attorney is a durable power
of attorney; and (iv) such proxy and power of attorney shall terminate upon the termination of this Agreement. 
 2.    Agreement to Retain. Unless and until this Agreement shall be terminated pursuant to paragraph 4, unless authorized in advance by Buyer’s Board of Directors, the Seller Stockholder, solely in its
capacity as a stockholder of Seller, agrees (a) not to sell or otherwise transfer any of the Covered Shares or any economic, voting or other direct or indirect interest therein and (b) not to grant a proxy or enter into any voting
agreement concerning any of the Covered Shares (except, in each case, for the voting agreement and appointment of proxy under paragraph 1 and the fulfillment of all other agreements and obligations of the Seller Stockholder hereunder). 

3.    Representations and Warranties. The Seller Stockholder hereby represents and warrants to Buyer and Seller that:
(a) the Seller Stockholder has the power and authority to enter into and deliver this Agreement and perform its obligations under this Agreement; (b) this Agreement is binding on the Seller Stockholder and enforceable in accordance with
its terms, except as enforceability may be limited by Creditors’ Laws; (c) the execution and delivery of this Agreement and the performance by the Seller Stockholder of its obligations hereunder do not require the authorization, consent,
approval, license, exemption or other action by any third party or governmental authority, do not violate applicable law or conflict with or result in a breach of any of the Seller Stockholder’s contractual obligations; (d) the Seller
Stockholder beneficially owns and has sole voting power or (together with one or more affiliates controlled by the Seller Stockholder) shared voting power with respect to the Covered Shares identified as being held by the Seller Stockholder on
Exhibit A to this Agreement, and such shares are free and clear of any liens, claims or encumbrances of any kind other than those arising from the Seller Stockholder’s obligations under this Agreement; and (e) other than the Covered
Shares that are identified as to the Seller Stockholder on Exhibit A to this Agreement, the Seller Stockholder does not own, of record or beneficially, any outstanding voting securities of Seller, other than voting securities for which the
Seller Stockholder does not 

  

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have shared voting power together with one or more affiliates controlled by the Seller Stockholder. 
 4.    Termination of Agreement. This Agreement shall remain in full force and effect until, and the provisions of paragraphs 1
through 3 (inclusive) shall terminate upon, the earliest to occur of any of the following: (a) the Merger Agreement, as it may be amended or modified from time to time, is terminated in accordance with its terms; (b) the Merger is
consummated; (c) the parties hereto execute a written agreement to terminate this Agreement; and (d) the Outside Date (as defined in the Merger Agreement in effect on the date hereof). 
 5.    Notice. All notices, requests, claims, demands and other communications (“Notices”) under this
Agreement shall be in writing and sent by certified or registered mail, return receipt requested, a recognized overnight courier service, telecopier or personal delivery, as follows: (a) if to Buyer, to: PAETEC Holding Corp., One PAETEC Plaza,
600 Willowbrook Office Park, Fairport, New York 14450, Attention: General Counsel, Telecopier: (585) 340-2563, with a required copy to: Hogan & Hartson L.L.P., 8300 Greensboro Drive, McLean, Virginia 22102, Attention: Richard J.
Parrino, Telecopier: (703) 610-6200 and (b) if to Seller Stockholder, to the address set forth on Exhibit A, with a required copy to: Ropes & Gray LLP, One International Place, Boston, Massachusetts 02110, Attention: Robert
L. Nutt and Keith F. Higgins, Telecopier: (617) 951-7050. All Notices shall be deemed to have been duly given: when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial overnight courier service;
five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is acknowledged, if telecopied. A party may change its address for purposes of this Agreement by Notice in accordance with this paragraph 5.

 6.    Entire Agreement. This Agreement supersedes all prior agreements between the parties with respect to its
subject matter and constitutes a complete and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. 
 7.    No Other Rights. Nothing in this Agreement shall be considered to give any person other than the parties any legal or equitable right, claim or remedy under or in respect of this
Agreement or any provision of this Agreement. This Agreement and all of its provisions are for the sole and exclusive benefit of the parties and their respective successors and permitted assigns. 
 8.    Equitable Relief. Each of the parties hereto acknowledges that a breach by it of any provision contained in this
Agreement will cause the other parties to sustain damage for which they would not have an adequate remedy at law for money damages, and therefore each of the parties hereto agrees that in the event of any such breach, the aggrieved party shall be
entitled to the remedy of specific performance of such agreement and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity. 
  

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 9.    Severability. If any provision of this Agreement is held invalid or
unenforceable by a court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. Any provision of this Agreement which is held invalid or unenforceable only in part shall remain in full force and
effect to the extent not held invalid or unenforceable. 
 10.    Headings. All references in this Agreement to
“paragraph” or “paragraphs” refer to the corresponding numbered paragraph or paragraphs of this Agreement. All words used in this Agreement shall be construed to be of the appropriate gender or number as the context requires.
Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms. 
 11.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be considered an original copy of this Agreement and all of which, when taken together, shall be considered to
constitute one and the same agreement. 
 12.    Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware without regard to that state’s conflicts of laws principles. 
 13.    Amendments; Waivers. Any amendment or modification of or to any provision of this Agreement, and any consent to any departure of any party from the terms of any provision of this Agreement, shall be
effective only if it is made or given in writing and signed by each party. Notwithstanding the foregoing sentence, any failure of any of the parties to comply with any obligation, covenant, agreement or condition herein may be waived by any party
entitled to the benefits thereof only by a written instrument signed by such party granting such waiver, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver
of, or estoppel with respect to, any subsequent or other failure. The failure of any party to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of those rights. 
 14.    Successors and Assigns. This Agreement shall apply to, be binding in all respects upon and inure to the benefit of the
parties and their respective successors and permitted assigns. No party may assign any of its rights under this Agreement without the prior written consent of each of the other parties. 
 [Remainder of Page Intentionally Left Blank.] 
  

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 IN WITNESS WHEREOF, the parties have caused this Voting Agreement to be duly executed as of the date
first above written. 
  

			
	PAETEC HOLDING CORP.
		
	By:	 	 
		 	 Name:
 Title:

  
  

			
	SELLER STOCKHOLDER:
		
	By:	 	 

 Exhibit A 
  

			
	 Name and Address of Seller Stockholder
 (and controlled affiliates, if applicable)
	 	 Number of Covered SharesOnshore Daywork Drilling Contract

 Exhibit 10.1 
 ONSHORE DAYWORK DRILLING CONTRACT 
 BETWEEN 
 GREAT SOUTH LAND MINERALS LIMITED 
 AND 
 Hunt Energy & Mineral C0. – Australia Pty. Ltd. 
 ABN 52 075 814 390 

 TABLE OF CONTENTS 
  

					
	RECITALS	  	2
	AGREEMENT	  	2
	1	 	DEFINITIONS	  	3
	2	 	HEADINGS	  	3
	3	 	FURTHER ASSURANCES	  	3
	4	 	COMMENCEMENT DATE	  	3
	5	 	LABOUR, EQUIPMENT, MATERIALS, SPECIAL TOOLS, SUPPLIES AND SERVICE	  	4
	6	 	SUMS PAYABLE TO CONTRACTOR	  	5
	7	 	TIME OF PAYMENT	  	6
	8	 	TERM	  	7
	9	 	EQUIPMENT CAPACITY	  	9
	10	 	CASING PROGRAMME	  	10
	11	 	DRILLING METHODS AND PRACTICES	  	10
	12	 	CORING	  	11
	13	 	REPORTS TO BE FURNISHED BY CONTRACTOR	  	11
	14	 	INSURANCE	  	12
	15	 	CLAIMS	  	13
	16	 	RESPONSIBILITY FOR LOSS OR DAMAGE	  	13
	17	 	INDEPENDENT CONTRACTOR RELATIONSHIP	  	16
	18	 	LAWS RULES AND REGULATIONS	  	17
	19	 	FORCE MAJEURE	  	17
	20	 	INFORMATION CONFIDENTIAL	  	18
	21	 	INGRESS AND EGRESS TO LOCATION AND SOUND LOCATION	  	18
	22	 	CONFLICTS AND WAIVERS	  	19
	23	 	ADJUSTMENT	  	19
	24	 	DISPUTE RESOLUTION	  	20
	25	 	INDUSTRIAL RELATIONS	  	20
	26	 	ASSIGNMENT	  	20
	27	 	NOTICES	  	20
	28	 	GST	  	21
	29	 	COST GENERALLY	  	21
	30	 	GOVERNING LAW	  	21
	31	 	SEVERABILITY	  	21
	32	 	COUNTERPARTS AND MULTIPLE ORIGINALS	  	22
	SIGNATURES	  	22
	ATTACHMENTS	  	23
	SCHEDULE A	  	24
	SCHEDULE B	  	27
	SCHEDULE C	  	32
	SCHEDULE D	  	39
	SCHEDULE E	  	40
	SCHEDULE F	  	46
	SCHEDULE G	  	47
	SCHEDULE H	  	48
	SCHEDULE I	  	49
	SCHEDULE J	  	50
	SCHEDULE K	  	51

			
	
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	  	Onshore Drilling Contract

  

 ONSHORE DAYWORK DRILLING CONTRACT 
 THIS CONTRACT: 
  

			
	BETWEEN	  	GREAT SOUTH LAND MINERALS LIMITED a Company duly incorporated in Australia and having its principal office at Level 3, 65 Murray Street, Hobart, Tasmania, 7000
		  	(“Operator”) 
		
	AND	  	Hunt Energy & Mineral Co.-Australia Pty Ltd ABN 52 07 814 390 a Company duly incorporated in the State of South Australia and having its principal office at 15 Scarborough Way,
Lonsdale, South Australia, 5160
		  	(“Contractor”)

 RECITALS 
  

	 	A.	Operator is the owner of SEL 13/98 and has JV rights to drill in SEL 5/2005 in Tasmania, Australia and desires to have wells drilled and completed in search of oil or gas and has
requested Contractor to provide drilling services for this purpose (“Services”). 

  

	 	B.	Contractor represents that, to the best of its knowledge and having conducted reasonable due diligence investigations and taken reasonable steps as appropriate, it has drilling
equipment, in good working order and safety management systems in place which are fit for purpose and trained, competent personnel capable of efficiently operating such equipment to provide such Services. 

 AGREEMENT 
 Operator engages Contractor as an independent contractor
to drill the well or wells designated in Item 1 of Schedule A in search of oil or gas on a daywork basis. 
 For purposes hereof the term
“daywork basis” means Contractor shall furnish equipment, labour, and perform services as herein provided, for a specified sum per 24 hour day under the direction, supervision and control of Operator (which term is deemed to include
any employee, agent, consultant or subcontractor engaged by Operator to direct drilling operations). When operating on a daywork basis, Contractor shall perform all its work on a 24 hours per day 7 days per week basis and shall be fully paid at the
applicable rates of payment and assumes only the obligations and liabilities stated herein. 

			
	
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	  	Onshore Drilling Contract

  

	1	DEFINITIONS 

 In this Contract unless the context otherwise
requires:- 
 “Contract” means this contract, including Schedules A to K inclusive; 
 “Designated Field Representative” means the person set out in Item 13 of Schedule A; 
 “GST” means the goods and services tax imposed under the GST Law or similar tax imposed under the GST Law or any similar tax introduced to replace that
tax; 
 “GST Law” means GST Law as defined in Section 195-1 of the “A New Tax System (Goods and Services Tax) Act 1999;

 “Governmental Authority” means any government or governmental, semi-government, administrative, fiscal or judicial body, department,
commission, authority, tribunal, agency or entity; 
 “Joint Venture” means the joint venture (if any) between the Operator and any third
parties in respect of the well(s) the subject of the Services; 
 “Rig” or “Drilling Rig” means the rig and other equipment
the Contractor provides under this Contract as set forth in Schedule C; 
 “Regulations or Practices” means the regulations and
requirements of the Department of Primary Industries and Resources, South Australia and Natural Resources and Mines, Queensland or such other Governmental Authority that may have jurisdiction in the relevant area of operations; 
 “Services” means the drilling services provided by the Contractor as set out in Schedule E and in accordance with this Contract. 
 References to dollars or $ are references to Australian dollars unless otherwise expressly stated. 
  

	2	HEADINGS 

 The index hereto and the clause headings herein shall not
be considered in interpreting the text of this Contract. 
  

	3	FURTHER ASSURANCES 

 Each party shall perform all acts and execute
and deliver all documents and give all assurances necessary to give full effect to the provisions of this Contract. 
  

	4	COMMENCEMENT DATE 

 Operator and Contractor agree to use their best endeavours to commence operations at the first Well Site (“first location”) on or about 1st of March 2008. Neither operator nor Contractor shall 

			
	
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	  	Onshore Drilling Contract

  

 
incur any penalty if delayed by circumstances beyond the Operator or Contractor’s control in accordance with Clause 19. 
  

	5	LABOUR, EQUIPMENT, MATERIALS, SPECIAL TOOLS, SUPPLIES AND SERVICE 

  

	 	5.1	Contractor will furnish and use the Drilling Rig, equipment and personnel described in Schedules C, D and E to drill and then either abandon or complete as the case
may be the well or wells to be drilled pursuant to this Contract. This drilling rig shall be, and remain “Fit for Purpose” and all personnel will be trained for and competent in their jobs. 

  

	 	5.2	All labour, equipment, materials, special tools, supplies and services necessary or proper for the operation or maintenance of the Rig and for the drilling and completion of the
well or wells shall be furnished in good working condition at the well site or sites by the party designated in Schedule E and at the expense of the party designated in Schedule E. Should labour, equipment, materials, special tools,
supplies or services other than those set forth herein or designated in Schedule E be necessary for the drilling or completion of the well or wells the same shall be furnished by Operator at its expense. 

  

	 	5.3	If the Operator requests Contractor to provide any labour, equipment, materials, special supplies or services as set forth in Schedule E which it is the responsibility of
Operator to provide, Contractor, if it agrees to provide the same, and for providing bits, reamers and stabiliser parts, hole opener cutters, swab rubbers and similar items, shall be reimbursed by Operator, for actual Contractor’s landed cost
at well site or sites plus 15 percent or as otherwise agreed plus GST. 

  

	 	5.4	For providing casual or roustabout labour at the request of the Operator, Contractor shall be reimbursed by Operator at actual Contractor’s cost plus 15 percent.

  

	 	5.5	Operator will make every effort to stake the first location 14 days before the commencement date specified in Item 2 of Schedule A. 

  

	 	5.6	Upon termination of this Contract, Contractor shall return to Operator any of Operator’s items that are at the time in Contractor’s possession and control in as good
condition as turned over to Contractor, fair wear and tear excepted. 

  

	 	5.7	The Operator may request the Contractor to increase the number of Contractor’s personnel and in such event the day rates provided herein shall be adjusted by mutual agreement
of the parties hereto. 

  

	 	5.8	Contractor shall nominate from time to time one of its personnel as Contractor’s representative on site (“Designated Field Representative”). The initial
Designated Field Representative for the Contractor is set out in Item 13 of Schedule A. Such representative shall be in charge of the remainder of Contractor’s personnel and shall have full authority to act on behalf of
Contractor on all day to day matters which arise between Operator and Contractor. 

  

	 	5.9	Contractor will remove and replace in a reasonable time any of Contractor’s personnel if Operator so requests in writing provided Operator can show reasonable cause for its
requirements. 

  

	 	5.10	Operator shall nominate from time to time one of its personnel on site to receive reports as specified in Clause 13 and act as Operator’s representative
(“Designated Field Representative”). The initial Designated Field Representative for the Operator is set out in Item 13 of Schedule A. 

			
	
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	  	Onshore Drilling Contract

  

	 	5.11	Contractor shall have the right to request Operator in writing to remove and replace any of Operator’s Third Party personnel if Contractor can show reasonable grounds for such
request. However Operator shall have the right to make the final decision with respect to any such removals and replacements. 

  

	 	5.12	Contractor shall be responsible at its cost for maintaining reasonable stock levels of Contractor’s items and replenishing items consumed, damaged or lost.

  

	 	5.13	If required contractor shall conduct a full tubular drilling string and associated down hole tools inspection prior to the commencement of operations hereunder.

  

	 	5.14	Contractor shall supply Operator upon request with copies of reports of any tubular inspections carried out in respect of the Contractor’s drilling string and associated down
hole tools. 

  

	 	5.15	Any tubular and associated down hole tools which failed to pass any such inspection test will be replaced or repaired by Contractor at its expense prior to commencement of or
resumption of operations pursuant to this Contract. Any delay caused in the drilling operations as a result of any such replacement or inspection will be at the cost of the Contractor. 

  

	 	5.16	Operator may at any time during the term of this Contract request Contractor to arrange to have inspections of Contractor’s tubular and down hole tools performed at
Operator’s expense. 

  

	 	5.17	Contractor represents that the equipment described in Schedule C conforms in all respects to the Regulations and Practices. 

  

	 	5.18	Contractor represents to the Operator that it will, and agrees to maintain the Drilling Rig and all plant and equipment referred to in Clauses 5.1 and 5.2 in good
working order and operating condition at all times throughout the operation of this Contract. 

  

	 	5.19	Contractor represents to the Operator that, to the best of its knowledge and having conducted reasonable due diligence investigations and taken reasonable steps as appropriate, the
Rig and associated equipment are fit for their purpose and use or intended use and conforms to the agreed industry standards applicable to the equipment certification, safety management systems, maintenance systems and maintenance scheduling in
accordance with current industry practice and regulatory requirements and applicable Regulations and Practices. 

  

	 	5.20	Contractor also represents to the Operator that all personnel supplied by the Contractor to perform duties on the Rig are competent and trained with respect to the tasks/duties
expected of the position(s). Evidence of competence of personnel to be demonstrated by the Contractor to the Operator at quarterly Operations/HSE review meetings measured against Australian Drilling Industry Training Committee endorsed training
matrices for onshore Rig personnel. 

  

	 	5.21	Contractor agrees the drilling rig to be inspected by a third party inspector prior to spudding and signed off as being fit for purpose. Costs of the inspection will be at
Operator’s expense; while the cost of any resulting repairs or modifications will be charged at Rig Repair Rate, as per Schedule B, Item 12.4. 

  

	6	SUMS PAYABLE TO CONTRACTOR 

  

	 	6.1	Subject to the provisions hereof Operator agrees to pay Contractor for the work performed, services rendered, the materials, equipment, and supplies furnished by Contractor as
hereinafter provided. 

			
	
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	  	Onshore Drilling Contract

  

	 	6.2	The work other than Rig moves shall be performed on a day work basis and the day work rates per twenty-four (24) hour day shall be as specified in Schedule B. Payment of
rates shall be calculated on time to the nearest half hour. 

  

	 	6.3	The relevant Standby Rate as set out in Schedule B will be payable: 

  

	 	(a)	during any period of delay when Contractor is unable to proceed because of an act or omission of Operator including without limitation the failure of Operator to provide items or to
furnish services which are the responsibility of the Operator as specified in Schedule E; or 

  

	 	(b)	from the moment Contractor could have spudded in any well had it not been delayed by Operator until the operating rates first become payable. 

  

	 	6.4	Contractor agrees to mobilise the Rig, Camp and Crew to the first location, rig up, and ready to drill Rathole & Mousehole prior to spud for the sum designated in
Item 6 of Schedule B. 

  

	 	6.5	Rigging up and preparedness to spud on the first and subsequent locations shall be verified by the Operator’s Designated Field Representative. 

  

	 	6.6	For demobilisation of Contractor’s Rig, Camp and crew at completion of this Contract Operator agrees to pay to Contractor the sum specified in Item 7 of Schedule
B. 

  

	 	6.7	As part of its rig day rate (s) Contractor will furnish a forklift and appropriately trained operator. If Operator uses forklift as per Item 60 of Schedule
E, Operator agrees to pay hourly rate as detailed in Item 12. 9 of Schedule B. 

  

	 	6.8	If during the term of this Contract Contractor remobilises its personnel after having demobilised such personnel then Operator will reimburse Contractor for Contractor’s
necessary out-of-pocket costs for such demobilisation and remobilisation provided both demobilisation and remobilisation are done at the written request of Operator. Such necessary out-of-pocket expenses will include by way of example but not be
limited to travelling expenses wages and travelling time. 

  

	 	6.9	If the Contractor or Operator deems it necessary to shut down the Rig for repairs or maintenance the Contractor shall cease to be paid at the rate specified in Item 1 of
Schedule B and will be paid the repair rate specified in Item 4 of Schedule B. Time chargeable under this rate shall not exceed 8 hours for any one occurrence or 24 hours cumulative per calendar month. Subject to Clause
21.4 the Contractor shall not be able to charge the Operator any fee for repairs and maintenance carried out in excess of the periods hereinbefore referred to in this clause. The Contractor covenants and agrees with the Operator to use due
diligence in effecting such repairs replacement or maintenance in a good and workmanlike manner. 

  

	 	6.10	Any obligation on the Operator to pay any amounts under this Contract are subject to the Operator being provided with a tax invoice and to the Contractor establishing it is
registered for GST. 

  

	7	TIME OF PAYMENT 

  

	 	7.1	Subject to the provisions of Clause 15.2 of this Contract and compliance by Contractor with all the terms and conditions of this Contract and Schedule B Operator
agrees to make payments to Contract as herein set out. 

  

	 	7.2	 Payment shall be due and payable by Operator of the full amount of each of Contractor’s invoices within 14 days of receipt of the same by Operator. Invoices
shall be submitted on a fortnightly (14 days) basis. Mobilisation fee is to be paid in 

			
	
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	  	Onshore Drilling Contract

  

	 	 
full within 14 days of receipt of the relevant invoice. (20 days rig move rate to be prepaid prior to commencing mobilization.) 

 

	 	7.3	Any undisputed sum or sums not paid within 14 working days after due date as herein before specified shall bear interest at the rate of 5 percent per annum from such date until
payment. 

  

	 	7.4	Operator shall notify Contractor within 21 days of receipt of any invoice that the same or any portion thereof is disputed, and will pay any undisputed portion in accordance with
the terms set out above. On satisfactory resolution of any dispute in relation to the whole or any portion of any invoice, Operator shall pay any amount proved to have been correctly invoiced within 7 days of such resolution. Any such amount shall
at Contractor’s option bear interest from the original due date until payment at the rate of 5 percent per annum. 

  

	8	TERM 

  

	 	8.1	The term of this Contract shall be deemed to commence when each party has executed the same and shall continue in force thereafter until terminated in any of the ways set out.

  

	 	8.2	Except for those provisions of this Contract which are of a continuing nature and subject to the above provisions this Contract shall terminate on completion of the drilling
programme outlined in Schedule A hereto unless the term hereof is extended by Operator exercising its option to drill an additional well or wells in which case it shall terminate on completion of the drilling programme for that well or those
wells. Operator may reduce this program, without penalty, at any time by giving the contractor 30 days notice. 

  

	 	8.3	After completion of said drilling programme the Contractor may, if the landowner who owns the land upon which the well site is located agrees, elect to stack the Drilling Rig at the
well site, or move the Rig immediately to another location. In the event Contractor elects to stack the Drilling Rig at the well site after completion of said drilling programme, Contractor shall from that point forward bear all risk related to
moving the Rig from the well site to the nearest government sealed road, and shall be due no compensation for delays that may result from inability to move equipment from the well site. 

  

	 	8.4	Notwithstanding the termination of this Contract the parties shall continue to be bound by any provisions of this Contract that reasonably require some action or forbearance after
the cessation of the day rates provided for hereunder. 

  

	 	8.5	Early Termination 

  

	 	(a)	This Contract may be terminated without prejudice to any rights accrued to the date of the termination by either party giving to the other written notice of termination when total
loss or destruction of the Rig or a major breakdown thereof causes interruption to or prolonged stoppage of operations (whether caused by an event of Force Majeure or any other cause) for a period in excess of 15 consecutive days.

  

	 	(b)	By Operator: 

  

	 	i	 Notwithstanding the provisions of Schedule A with respect to the depth to be drilled, Operator shall have the right to direct the stoppage of the work to be
performed by Contractor hereunder at any time prior to reaching the specified depth or drilling all the wells outlined in Schedule 

			
	
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	  	Onshore Drilling Contract

  

	 	 
A, even though Contractor has made no default hereunder. In such event Operator shall reimburse Contractor as set forth in Clause 8.6 hereof.

  

	 	ii	In the event that the Contractor has any execution levied against it in excess of Fifty Thousand Dollars ($50,000), becomes insolvent, enters into, or proposes or attempts to enter
into, any compromise or arrangement with creditors, has an order made, or a resolution passed (or attempted to be passed) for the winding up of the Contractor, or a receiver or receiver and manager is appointed or a mortgagee takes possession of the
whole or any part of its property or undertaking or an administrator of the Contractor is appointed, or if any other act, matter, thing or circumstance renders the Contractor incapable of performing the Services; or the Contractor breaches any of
the terms or conditions hereof, then the Operator shall have the right, without prejudice to any other of its rights or remedies, by written notice to the Contractor, forthwith to terminate this Contract, and the Contractor’s right to
compensation shall be as set forth in Clause 8.6(b). 

  

	 	(c)	By Contractor: 

  

	 	i	Notwithstanding the provision of Schedule A with respect to the depth to be drilled, in the event Operator shall become insolvent, or be adjudicated a bankrupt, or file, by
way of petition or answer, a debtor’s petition or other pleading seeking adjustment of Operator’s debts, under any bankruptcy or debtor’s relief laws now or hereafter prevailing, or if any such be filed against Operator, or in case a
receiver be appointed of the Operator or of the Operator’s property, or any part thereof, or Operator’s affairs be placed in the hands of a creditor’s committee, or following ten days prior written notice to Operator if Operator does
not pay Contractor within the time specified in Clause 7.2, all undisputed items due and owing, Contractor may, at his option, elect to terminate further performance of any work under this Contract and Contractor’s right to compensation
shall be as set forth in Clause 8.6. 

  

	 	8.6	Early Termination Compensation 

  

	 	(a)	In the event Operator terminates the Contract pursuant to Clause 8.5(b)(i) prior to the completion of drilling program or to the depth specified in Item 3 of
Schedule A, or in the event the Contractor terminates the Contract pursuant to Clause 8.5(c), then Contractor and Operator shall negotiate compensation due to Contractor which will cover the Contractor’s out of pocket expenses
incurred and to be incurred as a consequence of such early termination. These expenses will not include loss of income due to the rig not operating. 

  

	 	(b)	In the event Operator terminates the Contract pursuant to Clause 8.5(b)(ii), then the Operator shall reimburse the Contractor such part of the payment referred to in the
Schedules, which may be due for Services rendered prior to the date of termination and such amount shall be received by the Contractor in full satisfaction and discharge of all claims and demands of any nature whatsoever against the Operator in
respect of this Contract. 

  

	 	8.7	Suspension 

			
	
 9
	  	Onshore Drilling Contract

  

	 	8.7.1	Weather 

 In the event that sustained weather conditions,
flooding or other ground conditions prevent continuation of the operations, or in the event that the Operator is unable to obtain relevant Joint Venture or regulatory approvals for the next drilling location, the Operator shall have the right to
suspend this Contract by notice to the Contractor, in which case the Operator shall pay to the Contractor Standby With Crew Rate as specified in Item 12(2) of Schedule B for a 24 hour period, (or until crews can be evacuated)
together with the actual costs to transport the Contractor’s personnel away from the Rig, and back to the Rig when notice of the lifting of the suspension is given by the Operator, such costs to be calculated in accordance with Clause 6.

  

	 	8.7.2	Safety 

 If during the performance of the contract, the
Operator’s Designated Field Representative is of the opinion that the Contractor is either: 
 (i) conducting the Services in breach of
the Contractor’s safety policies or procedures, or any applicable safety Regulations and Practices or any other safety rules and regulations and procedures supplied by the Operator to the Contractor from time to time or: 
 (ii) conducting the Services in such a way as to endanger the life or safety of any persons or which may be likely to cause damage to any property,
whether belonging to the Operator or otherwise 
  

	 	8.7.2.1	Then the Operator’s Designated Field Representative shall notify the Contractor in writing of the breach of safety involved and the Contractor shall rectify the breach notified
forthwith. 

  

	 	8.7.2.2	In the event the contractor does not rectify the breach of safety notified as above as soon as possible, the Operator’s Designated Field Representative may direct the
Contractor to suspend performance of the services until such time that the Contractor satisfies the Operator’s Designated Field Representative that the Services will be provided in conformity with all applicable safety provisions and
Regulations and Practices. 

  

	 	8.7.2.3	During such periods of suspension, the Operator shall not be liable for or required to make any payments of what so ever nature to the Contractor. 

  

	 	8.7.3.4	In the event that the Contractor fails to rectify the breach of safety for which the Services are suspended pursuant to Clause 8.7.2 within 30 days of the receipt of such
notice or if the Contractors performance of the Services has involved recurring breaches of safety pursuant to Clause 8.7.2 then the Operator may exercise its powers to terminate the contract forthwith without further obligation to the
Contractor. 

  

	9	EQUIPMENT CAPACITY 

 If applicable hereunder, operations shall not
be attempted under conditions which exceed the capacity of the equipment specified to be used hereunder. Contractor shall make the final decision as to when an operation or attempted operation would exceed the capacity of specified equipment.

			
	
 10
	  	Onshore Drilling Contract

  

 
Contractor hereby represents that the equipment specified in Schedule C has sufficient capacity to drill to a minimum depth of 2,300m with 4 1/2” drillpipe, and to set all strings of casing as specified in Item 6 of Schedule A under
normal operating conditions. 
  

	10	CASING PROGRAMME 

  

	 	10.1	The casing programme shall be as provided in Item 6 of Schedule A. The exact setting depth of each string of casing the amount of cement and the process to be
used in cementing shall be specified by Operator at the time of each casing setting. If Operator requires a variation in the casing programme requiring the use of additional handling tools same will be furnished by Operator at Operator’s
expense. 

  

	 	10.2	Contractor shall run all strings of casing and shall be compensated therefore at day work rates as set out in Item 1 of Schedule B. 

  

	 	10.3	Except in emergencies Contractor’s pumps shall not be used for pumping cement (but may be used for displacing cement) whilst carrying out Operator’s casing programme and
Operator shall at its own expense furnish all pumps and other special equipment and service necessary for the running of cement in respect of such programme. 

  

	 	10.4	Contractor shall be under no liability to Operator for any loss or damage resulting from casing joints being knocked off in the hole as a result of defective pipe, faulty casing
seat, faulty cementing or any operating practice directed by Operator or its Designated Field Representative during running casing. Casing and cementing operations shall be supervised by Operator’s Designated Field Representative.

  

	11	DRILLING METHODS AND PRACTICES 

  

	 	11.1	Contractor agrees to perform all work to be carried out by it under the terms of this Contract and the specifications and conditions set forth in Schedule A with due
diligence and care and in accordance with good drilling practice. 

  

	 	11.2	Contractor represents to the Operator that the Drilling Rig is capable of and will during this Contract remain capable of: 

  

	 	11.2.1	drilling to the depth specified in Item 3 of Schedule A with the pipe specified in Item 4 of Schedule A and Schedule C; and

  

	 	11.2.2	carrying out any appropriate testing that the Operator may require; and 

  

	 	11.2.3	completing the well. 

  

	 	11.3	Any drill pipe drill collars or substitutes in excess of those furnished by Contractor as specified in Schedule C shall be supplied by Operator at its expense.

  

	 	11.4	Contractor agrees to maintain well control equipment in good operating condition at all times checking it as prescribed in Item 11 of Schedule A and shall use all
reasonable means to control and prevent fires and blowouts to protect the hole and to protect Operator’s equipment. 

  

	 	11.5	Subject to the terms hereof, and at Operator’s cost, at all times during the drilling of the well, Operator shall have the right to control the mud programme.

  

	 	11.6	In the event of Operator requiring the use of any fluid chemical or substance in the mud programme in respect of which any Regulations and Practices requiring the provision of
additional or special clothing or equipment for Contractor’s employees is then in force Operator shall reimburse to Contractor any additional costs incurred by Contractor in complying with such Regulations and Practices.

			
	
 11
	  	Onshore Drilling Contract

  

	 	11.7	Contractor agrees that every effort will be made to drill a straight hole to the specifications described in Item 8 of Schedule A. Contractor agrees to run
deviation surveys, using a Totco survey tool as reasonably required by Operator. Operator may request Contractor to cement off, re-drill or correct the slope of any hole. While correcting the slope of the hole Contractor shall be paid the applicable
day work rates specified in Item 1 of Schedule B. 

  

	 	11.8	In the event of any difficulty arising which precludes either drilling ahead using reasonably normal procedures or the performance of any other operations planned for a well,
Contractor may suspend the work in progress and shall immediately notify the Designated Field Representative of Operator of such suspension in the meantime making reasonable efforts to overcome the difficulty. 

  

	 	11.9	Contractor shall be solely responsible for the operation of the Drilling Rig including without limitation supervising moving operations and positioning the Drilling Rig and camp at
locations as required by Operator as well as such operations at the drilling site as may be necessary or desirable for the safety of the Drilling Rig. 

  

	 	11.10	Throughout the drilling of the well and as directed by the Operator, Contractor shall measure and record the depth in metres of all in-hole tubular in service using an appropriate
measuring device. 

  

	 	11.11	Contractor will be responsible for the implementation and observation of all health and safety laws and instructions as required by the relevant Regulations and Practices, including
applicable occupational health and safety legislation, in the State in which the Rig is operating. Contractor will abide by any other reasonable instructions requested by the Operator. 

  

	 	11.12	Without limiting the Contractor’s obligations in Clause 11.12, the Contractor shall develop, implement and enforce: 

  

	 	(i)	safety management plans and systems; 

  

	 	(ii)	standard operating procedures; 

  

	 	(iii)	job hazard analysis, 

 as appropriate in the provision of
the Services. The Operator shall provide all reasonable assistance to the Contractor as is required from time to time to enable the Contractor to meet is obligations under this Clause 11.13. 
  

	 	11.13	Contractor shall prior to the Contractor demobilising the Rig from all locations at its cost remove and clean up to the satisfaction of the Operator all material, rubbish, debris,
packages, drums, paper, waste, oil, fuel, contaminants and any other material brought onto the wellsite by the Contractor during the performance of this Contract and leave the wellsite in the same condition as when the Contractor first arrived at
the wellsite to commence the operations under this Contract. 

  

	12	CORING 

  

	 	12.1	Contractor agrees to take cores as set out in Item 9 of Schedule A or as directed by Operator. All coring shall be paid for at the applicable day work rates set
out in Item 1 of Schedule B. Operator is to furnish containers for the cores. 

  

	 	12.2	Rotary cuttings will be sampled as and when required by the Operator who will furnish sample catcher and containers for the same. 

  

	13	REPORTS TO BE FURNISHED BY CONTRACTOR 

			
	
 12
	  	Onshore Drilling Contract

  

	 	13.1	Contractor shall keep and furnish to Operator a daily drilling report showing depth of the hole and work performed. Drilling report forms may be furnished or specified by Operator
but otherwise Contractor shall use the standard IADC or Contractor’s standard Daily Tour Report Form. A legible copy of said form signed by Contractor’s Designated Field Representative shall be furnished by Contractor to Operator by 06:00
hrs every day the rig is operational. 

  

	 	13.2	Contractor shall report to Operator as soon as practicable all incidents, accidents or occurrences arising out of or during the course of operations of Contractor or of any
subcontractors of Contractor. 

  

	 	13.3	If requested by Operator, Contractor shall furnish Operator with copy of delivery dockets covering any material or supplies provided by Operator and received by Contractor.

  

	 	13.4	All labour, equipment, materials, special tools, supplies or services furnished by Contractor for which Operator is obliged to reimburse Contractor shall be recorded on the Daily
Drilling Report or Material Shipment Order. 

  

	 	13.5	Contractor, in conjunction with the Operator, shall ensure that as a minimum, quarterly HSE / Maintenance / Operations meetings are conducted in either Adelaide or Hobart to review
the performance of the Contract. The first such meeting to be held within 1 month of operations commencing. 

  

	14	INSURANCE 

  

	 	14.1	At any and all times during the continuation of this Contract and any extension thereof Contractor agrees to arrange insurance of the type and in minimum amounts as follows:-

  

	 	(a)	Workers’ Compensation insurance in full compliance with applicable laws and regulations and to include the amount of common law coverage held by the Contractor in the
applicable State(s). 

  

	 	(b)	Public Liability insurance (bodily injury and property damage) with a limit of $10,000,000 for any one accident or incident. 

  

	 	(c)	Oil and gas well drilling tools insurance on the Rig for their replacement value. 

  

	 	(d)	Comprehensive automobile liability insurance with limits of liability of the following:- 

  

	 	(i)	Bodily injury - in respect of statutory liability - unlimited; otherwise $5,000,000 per person and $5,000,000 per occurrence. 

  

	 	(ii)	Property damage - any one occurrence $10,000,000. Such coverage shall include owned hired and non-owned vehicles. 

  

	 	(e)	Aircraft Liability Insurance - In any operations hereunder requiring the regular use of aircraft or helicopters (other than those of major airlines or provided by Operator) the
Contractor shall utilise the services of recognised charter companies, and shall ensure such companies have appropriate insurances in place. Contractor shall provide if requested by Operator, details of any relevant insurance held by such charter
company. 

  

	 	(f)	Insurance to cover the risks set out in Clauses 16.1, 16.8, 16.12(a) & 16.12 (c). 

  

	 	(g)	 All such insurance shall be carried in a Company or Companies acceptable to Operator and shall be maintained in full force and effect during the continuation of
this Contract and any extension thereof. Contractor is allowed to renew or 

			
	
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	  	Onshore Drilling Contract

  

	 	 
replace the existing insurance policy provided Contractor provides Operator with a Certificate confirming renewal within 7 days of expiry.

  

	 	(h)	If required by Operator, Contractor will increase its insurance or arrange additional cover(s) above those specified herein. Operator will reimburse Contractor for any increase in
premiums resulting from such request. 

  

	 	(i)	Contractor shall supply certificates of currency in respect of the nominated insurances prior to commencing operations under this Contract. 

  

	 	14.2	If Operator consents to Contractor being a self-insurer as to any one or more of the risks for which coverage is herein required such consent must be in writing and signed by
Operator. 

  

	 	14.3	The effecting of insurance as required by this Clause 14 shall not in any way limit the responsibilities, obligations or liabilities of the Contractor under other provisions
of the Contract. 

  

	 	14.4	If the Contractor fails to comply with the requirements of this Clause 14 the Operator may at the Operator’s sole discretion and at the Contractor’s sole cost,
impose any one or all of the following measures until such time as the Contractor has achieved full compliance: 

  

	 	(a)	delay the commencement of the Services; 

  

	 	(b)	suspend the performance of the Services; and/or 

  

	 	(c)	refuse payment upon any invoice in respect of the Services. 

  

	15	CLAIMS 

  

	 	15.1	Contractor agrees to pay promptly all proper claims for labour, material, services and supplies furnished by Contractor hereunder (other than labour, material, services or supplies
to be paid for by Operator) and agrees to allow no lien or charge to be fixed upon any lease, any well, or the land on which any well is to be drilled, any oil gas or other hydrocarbons produced there from, or other property of Operator. Contractor
agrees to indemnify protect and save Operator harmless from and against all such claims and liens, in regard to labour, materials, services and supplies furnished by the Contractor. 

  

	 	15.2	If Contractor shall fail or refuse to pay any such proper claim or indebtedness incurred by Contractor in connection with the drilling of any well or wells pursuant to this
Contract, Operator shall have the right to pay any such claims or indebtedness out of any money due or to become due to Contractor hereunder. No assignment or transfer by Contractor of rights to monies due to Contractor hereunder shall have any
force of effect as far as Operator’s rights are concerned until all such claims and indebtedness incurred by Contractor shall have been completely liquidated and discharged. 

  

	 	15.3	Before payments are made by Operator to Contractor, Operator may require Contractor to certify that there are no unsatisfied claims for labour, materials, equipment and supplies, or
for injuries to persons or property, not covered by insurance which are rightfully the Contractors liability. 

  

	16	RESPONSIBILITY FOR LOSS OR DAMAGE 

			
	
 14
	  	Onshore Drilling Contract

  

	 	16.1	Contractor’s Surface Equipment: Contractor shall assume liability at all times for damage or destruction of the Rig and Contractor’s surface equipment, including
but not limited to all drilling tools, machinery, and appliances for use above the surface, regardless of when or how such damage or destruction occurs, and Operator shall be under no liability to reimburse Contractor for any such loss except loss
or damage under the provisions of Clause 21.4. 

  

	 	16.2	Contractor’s Down-Hole Equipment: Operator shall to the extent Contractor’s insurance does not compensate Contractor assume liability at all times for damage to or
destruction of Contractor’s Down-Hole equipment, including but not limited to drill pipe, drill collars, and tool joints unless loss or damage was caused by the negligence of, or breach of this contract by, the Contractor, employees or
subcontractors and Operator shall reimburse Contractor for the value of any such loss or damage, the value to be determined by agreement between Contractor and Operator as current repair cost or current new replacement cost of such equipment
delivered to the well site less depreciation of the item(s) replaced as detailed in Schedule H. 

  

	 	16.3	Contractor’s Equipment: Environmental Loss or Damage: Notwithstanding the provisions of Clause 16.1, Operator shall, to the extent Contractor’s insurance
does not compensate the Contractor, assume liability at all times for damage to or destruction of Contractor’s equipment caused by exposure to unusually corrosive or otherwise destructive elements, including those introduced into the drilling
fluid from subsurface formations or the use of corrosive additions in the fluid unless such damage was caused or in any way contributed to by the negligence of the Contractor, its employees or subcontractors. 

  

	 	16.4	Operator’s Equipment: Operator shall assume liability at all times for damage or destruction of Operator’s equipment, including but not limited to casing, tubing,
and well head equipment and Contractor shall be under no liability to reimburse Operator for any such loss or damage unless such loss or damage was caused or in any way contributed to by the negligence of the Contractor, its employees or
subcontractors. 

  

	 	16.5	The Hole: In the event the hole should be lost or damaged, Operator shall be solely responsible for such damage to or loss of the hole, including the casing therein unless
such loss or damage was caused by the negligence of the Contractor, its employees or subcontractors. 

  

	 	16.6	Underground Damage: Operator agrees to defend and indemnify Contractor for any and all claims against Contractor resulting from operations under this Contract on account of
injury to, destruction of, or loss or impairment of any property right in or to oil, gas, or other mineral substance or water, if at the time of the act or omission causing such injury, destruction, loss or impairment, said oil, gas or other mineral
substance had not been reduced to physical possession above the surface of the earth; and for any loss or damage to any formation, strata, or reservoir beneath the surface of the earth unless such injury, destruction, loss, impairment or damage was
caused by or in any way contributed to by the negligence of, or breach of this Contract by, the Contractor, its employees or sub-contractors. 

  

	 	16.7	Inspection of Materials Furnished by Operator: Contractor agrees to visually inspect all materials furnished by Operator before using same and to notify Operator of any
apparent defects therein. Contractor shall not be liable for any loss or damage resulting from the use of materials furnished by Operator provided Contractor has fulfilled its obligation hereunder. 

			
	
 15
	  	Onshore Drilling Contract

  

	 	16.8	Contractor’s Indemnification of Operator: Contractor agrees to protect, defend, indemnify, and save Operator, its officers, directors, employees, and joint venturers
harmless from and against all claims, demands, and causes of action of every kind and character, without limit and without regard to the cause or causes thereof or the negligence of any party or parties, arising in connection herewith in favour of
Contractor’s employees or Contractor’s sub-contractors or their employees, or invitees, on account of bodily injury, death or damage to property. If it is judicially determined that the monetary limits of insurance required hereunder or of
the indemnities voluntarily and mutually assumed under this Clause 16.8 (which Contractor and Operator hereby agree will be supported either by available liability insurance, under which the insurer has no right of subrogation against the
indemnitees or voluntarily self- insured, in part or whole) exceed the maximum limits permitted under applicable law, it is agreed that the said insurance requirements or indemnities shall automatically be amended to conform to the maximum monetary
limits permitted under such law. 

  

	 	16.9	Operator’s Indemnification of Contractor: Operator agrees to protect, defend, indemnify, and save Contractor, its officers, directors, employees and joint owners
harmless from and against all claims, demands, and causes of action of every kind and character, without limit and without regard to the cause of causes thereof or the negligence of any party or parties arising in connection herewith in favour of
Operator’s employees or Operator’s contractors or their employees, or Operator’s invitees, on account of bodily injury, death or damage to property. 

 If it is judicially determined that the monetary limits of insurance required hereunder or of the indemnities voluntary and mutually assumed under this
Clause 16.9 (which Contractor and Operator hereby agree will be supported either by available liability insurance, under which the insurer has no right of subrogation against the indemnitee, or voluntarily self- insured, in part or whole)
exceed the maximum limits permitted under applicable law, it is agreed that said insurance requirements or indemnities shall automatically be amended to conform to the maximum monetary limits permitted under such law. 
  

	 	16.11	Liability for Wild Well: Operator shall be liable for the cost of regaining control of any wild well, as well as for cost of removal of any debris, and shall indemnify
Contractor in this regard. 

  

	 	16.12	Pollution and Contamination: Notwithstanding anything to the contrary contained herein, except the provisions of Clauses 21.4 and 16.4, it is understood and agreed by
and between Contractor and Operator that the responsibility for pollution and contamination shall be as follows: 

  

	 	(a)	Unless otherwise provided herein, Contractor shall assume all responsibility for, including control and removal of, and protect, defend and save harmless Operator from and against
all claims, demands and causes of action of every kind and character arising from pollution or contamination, except pollution from reserve pits, which originates above the surface of the land or water from spills of fuels, lubricants, motor oils,
normal water base drilling fluid, pipe dope, paints, solvents, ballast, bilge and garbage, wholly in Contractor’s possession and control and directly associated with Contractor’s equipment and facilities. 

  

	 	(b)	 Operator shall assume all responsibility for, including control and removal of, and protect, defend, indemnify and save Contractor harmless from and against all
claims, demands, and causes of action of every kind and character arising 

			
	
 16
	  	Onshore Drilling Contract

  

	 	 
directly or indirectly from all other pollution or contamination which may occur during the conduct of operations hereunder, including but not limited to,
that which may result from fire, blowout, cratering, seepage or any other uncontrolled flow of oil, gas, water or other substance, as well as, the use or disposition of oil emulsion, oil base or chemically treated drilling fluids, contaminated
cuttings or cavings, lost circulation and fish recovery materials and fluids save and except for any loss or damage caused by the negligence of the Contractor, the Contractor’s employees or subcontractors. 

  

	 	(c)	In the event a third party commits an act or omission which results in pollution or contamination for which either Contractor or Operator, for whom such party is performing work, is
held to be legally liable, the responsibility therefore shall be considered, as between Contractor and Operator, to be the same as if the party for whom the work was performed had performed the same and all of the obligations respecting defence,
indemnity, holding harmless and limitation of responsibility and liability, as set forth in (a) and (b) above, shall be specifically applied. 

  

	 	16.13	Consequential Damage: Neither party shall be liable, to the other for special indirect nor consequential damages resulting from or arising out of this Contract, including,
without limitation, loss of profit or business interruptions, however same may be caused. 

  

	 	16.14	Termination of Location Liability: When Contractor has complied to the satisfaction of the Operator with all obligations (if any) of the Contract regarding restoration of
Operator’s location, Operator shall thereafter be liable for damage to property, personal injury or death of any person which occurs as a result of conditions of the location and Contractor shall be relieved of such liability; provided,
however, if Contractor shall subsequently re-enter upon the location for any reason, including removal of the Rig, any term of the Contract relating to such re-entry activity shall become applicable during such period. 

  

	 	16.15	Should the Operator elect to use an oil base mud or introduce into and maintain a mud system which contains in excess of 8 percent of oil, then the Operating Rate as set out in
Item 1 of Schedule B shall be increased by 8 percent. Operator shall be responsible for the cost of replacement of elastomers damaged as a result of the use of such oil. 

  

	 	16.16	Should the Operator elect to use air or air/mist or air/foam then the Rig day rates set out in Item 1 of Schedule B shall be increased by a factor to be agreed
between the Contractor and Operator. The cost or repair or replacement of equipment damaged during the course of such operation shall be at the Operator’s expense. 

  

	 	16.17	The Operator shall observe drill stem design operating limits and recommended practices contained in API Bulletin RP7G. Should the Operator elect to exceed these limits or depart
from these practices, the Operator shall be responsible for loss or damage to the drill stem and shall compensate the Contractor accordingly. 

  

	17	INDEPENDENT CONTRACTOR RELATIONSHIP 

  

	 	17.1	 Contractor shall be an independent contractor with respect to performance of all work hereunder and neither Contractor nor anyone employed by Contractor shall be
deemed for any purpose to be the employee, agent, servant or representative of Operator in the 

			
	
 17
	  	Onshore Drilling Contract

  

	 	 
performance of any work or service or any part thereof in any manner dealt with hereunder. 

  

	 	17.2	The actual performance and superintendence of all work hereunder shall be by Contractor but Operator’s Designated Field Representative and his staff designated in
Item 13 of Schedule A hereto shall have unlimited access to the site of any well to determine whether work is being performed by Contractor in accordance with Operator’s reasonable directions and with all the provisions of
this Contract and Schedule A. Such Designated Field Representative shall be empowered to act for Operator in all matters relating to Contractor’s performance of the work being undertaken. 

  

	 	17.3	The Contractor agrees that the Operator’s Designated Field Representative shall not be under any personal liability to the Contractor for anything done or omitted to be done in
the exercise of the functions of the Operator’s Designated Field Representative (as the case may be). 

  

	 	17.4	Contractor shall comply with all instructions of Operator consistent with the provisions of this Contract including without limitation drilling well control and safety instructions.
Such instructions shall, if Contractor so requires, be confirmed in writing by the Designated Field Representative of Operator. However, Operator shall not issue any instructions that would be inconsistent with good oilfield practices and
Contractor’s rules policies or procedures pertaining to the safety of its personnel equipment or the Drilling Rig. 

  

	 	17.5	Operator acknowledges that the Contractor has a drug and alcohol policy to keep the well site and all personnel working at the well site drug and alcohol free. Operator shall ensure
that all Operator personnel and other contractors under the Operator’s control shall comply with this policy. 

  

	18	LAWS RULES AND REGULATIONS 

 Contractor and Operator respectively
agree to comply with all laws rules and regulations of the Commonwealth, the State of South Australia and any such other Governmental Authority that may have jurisdiction in the relevant area of operations that are now or may become applicable to
operations covered by this Contract or arising out of performance of such operations, including the Regulations and Practices. 
  

	19	FORCE MAJEURE 

  

	 	19.1	 Neither Operator nor Contractor shall be liable to the other for any delays or damage or any failure to act due, occasioned or caused by reason of any laws, rules,
regulations or orders promulgated by any Federal, State, or Local government body of the rules, regulations, or orders of any public body or official purporting to exercise authority or control respecting the operations covered hereby, including the
procurance or use of tools and equipment or due occasioned or caused by strikes, action of the elements, water conditions, inability to obtain fuel or other critical materials, or other causes beyond the control of the party affected thereby. In the
event that either party hereto is rendered unable, wholly or in part, by any of these causes to carry out its obligation under this Contract, it is agreed that such party shall 

			
	
 18
	  	Onshore Drilling Contract

  

	 	 
give 5 days notice and details of Force Majeure in writing to the other party as promptly as possible after its occurrence. In such cases, the obligations of
the party giving the notice shall be suspended during the continuance of any inability so caused. Notwithstanding any such suspension the Operator shall remain obliged to pay the Contractor the appropriate rate specified in Item 3 of
Schedule B. 

  

	 	19.2	Operator shall be liable for costs incurred in transporting Contractor’s personnel from and to the site if Contractor and Operator both consider that necessary as a result of
the suspension of operations under Clause 19.1. 

  

	 	19.3	The party to the Contract whose performance or fulfilment of its obligations under this Contract is hindered or prevented by reason of Force Majeure shall use its best endeavours to
put itself as soon as possible in a position to perform or fulfil such obligations. 

  

	20	INFORMATION CONFIDENTIAL 

 All information obtained by Contractor in
the conduct of drilling operations on any well drilled pursuant to this Contract including but not limited to formations penetrated and the results of coring, testing and surveying shall be considered confidential and shall not be divulged by
Contractor to any person, firm or corporation other than Operator or Operator’s Designated Field Representative. 
  

	21	INGRESS AND EGRESS TO LOCATION AND SOUND LOCATION 

  

	 	21.1	Operator shall secure to Contractor rights of ingress and egress to and from the site on which any well is to be drilled pursuant to this Contract. Operator shall advise Contractor
of any limitations or restrictions affecting ingress and egress and Contractor shall abide by and shall have its servants, agents, employees and subcontractors abide by such limitations or restrictions. Should Contractor be denied free access to any
site for any reason not within the control of Contractor time lost by such denial shall be paid for by Operator at an applicable rate in keeping with the stage of operations at the time. 

  

	 	21.2	Operator shall prepare and maintain drilling locations with inter-alia access roads, drainage, water supply and adequate space so as to enable Contractor to install and operate
properly the Drilling Rig at the drilling locations. 

  

	 	21.3	Operator agrees at all times to maintain the road and location in such a condition as will give free access and movement to and from the drilling site to an ordinarily equipped
highway type vehicle. If Contractor is required to use bulldozers tractors four-wheel drive vehicles or any other specialised transportation equipment for the movement of personnel supplies machinery or equipment over access roads or on the drilling
location Operator shall furnish the same at its expense without cost to Contractor. 

  

	 	21.4	Operator shall prepare a sound location capable of properly supporting the Drilling Rig and shall be responsible for a conductor pipe program adequate to prevent soil and sub-soil
wash out. It is recognised that Operator has superior knowledge of the location and access routes to the location and must advise Contractor of any subsurface conditions or obstructions (including but not limited to mines caverns sink holes streams
pipelines power lines and telephone lines) which Contractor might encounter while en route to the location or during operations hereunder. 

			
	
 19
	  	Onshore Drilling Contract

  

	 	21.5	If subsurface conditions cause a cratering or shifting of the location surface and loss or damage to the Rig its associated equipment or personnel results there from Operator shall
without regard to any other provisions of this Contract reimburse contractor to the extent not covered by contractor’s insurance for all such loss or damage including payment of applicable rates as specified in Item 4 of Schedule
B hereto during repair or demobilisation of the Drilling Rig if applicable and in such event the provisions of Clause 6.9 regarding reduction of the Repair Rate payable hereunder after expiry of a specified period of repair time shall not
be applicable. 

  

	22	CONFLICTS AND WAIVERS 

  

	 	22.1	This Contract supersedes and replaces any prior oral or written agreement undertakings covenants representations warranties and communications heretofore made between or given by
the parties hereto. If there is any conflict between the provisions hereof and any papers or documents other than Schedules A to H which may have been executed by or passed between the parties hereto in connection with the subject
matter hereof the provisions hereof shall prevail. If there is any conflict between the provisions hereof and those of Schedule E the provisions of Schedule E shall prevail. 

  

	 	22.2	It is fully understood and agreed that none of the requirements of this Contract shall be considered as waived by either party unless the same is done in writing and then only by
the persons executing this Contract or other duly authorised agent or representative of the party. 

  

	 	22.3	The terms and conditions of this Contract may be amended at any time by both parties hereto executing an agreement in writing effecting such amendment and not otherwise.

  

	23	ADJUSTMENT 

 All rates listed in Schedule B will remain firm
for the duration of the Contract with the exception of the following two (2) items: 
  

	(a)	If by reason of any statute or regulation or any award determination (specifically the Oil Drilling Worker’s (Onshore) Award) whereby the costs to the Contractor for labour
supplied are increased or decreased during the period of this Contract, the daily rates specified in Schedule B shall be adjusted in accordance with such increase or decrease as may be applicable to the labour increases.

 The base daily personnel rates for this calculation shall be as supplied and detailed in Schedule B. 
  

	(b)	The delivered cost of fuel for use on the Rig and in the camp. 

 The
Contractor shall nominate in Schedule B the delivered cost of fuel delivered to site and included in the relevant rates. 
 For any variation
(increase or decrease) in the cost of fuel delivered to the well site during the duration of the Contract (expressed in cents per litre) the Contractor shall submit documentation of purchase on a monthly basis and Operator shall adjust the relevant
invoices (increase or decrease) accordingly. 

			
	
 20
	  	Onshore Drilling Contract

  

	24	DISPUTE RESOLUTION 

  

	24.1	Any dispute under this Agreement shall be resolved in accordance with this Clause 24 and either party may give to the other party to the Dispute a notice in writing
(“Dispute Notice”) specifying the Dispute and requiring that it be dealt with in the manner set out in this Clause 24. 

  

	24.2	Within 7 days of the service of a Dispute Notice, the Dispute, the subject of that notice, shall be referred to a senior executive of the Contractor and a senior executive of the
Operator for resolution. Failing such resolution within 14 days of Service of the Dispute Notice, the relevant Dispute may with the agreement of both parties be referred for resolution by: 

  

	 	(24.2.1)	mediation in accordance with Clause 24.3; or, failing such agreement, 

  

	 	(24.2.2)	determination before the courts of the State of South Australia and any courts which have jurisdiction to hear appeals from those courts. 

  

	24.3	Where the parties require any Dispute to be referred to mediation then the mediation shall be conducted either in Adelaide or in Hobart by a mediator agreed upon between the parties
and failing agreement upon a mediator within 14 days after the date of agreement of the parties to the appointment of a mediator, then to a mediator appointed by the President of the Institute of Arbitrators and Mediators on the application of the
parties. 

  

	25	INDUSTRIAL RELATIONS 

 Contractor shall observe the provision of all
laws regulations and industrial awards relating to its employees and shall keep Operator informed of all industrial disputes either potential or in progress which affect or may affect the operation of the Rig or the performance of this Contract.

  

	26	ASSIGNMENT 

 Except in the case of an assignment by the Operator in
the event of a transfer of operatorship under the relevant Joint Venture documents, neither party may assign this Contract without the prior written consent of the other, and prompt notice of any such intent to assign shall be given to the other
party. In the event of such assignment, the assigning party shall remain liable to the other party as a guarantor or the performance by the assignee of the terms of this Contract. If any assignment is made that materially alters Contractor’s
financial burden, Contractor’s compensation shall be adjusted to give effect to any increase or decrease in Contractor’s operating costs. 
  

	27	NOTICES 

 Any notice to be given hereunder shall be deemed to have
been properly given and delivered to the party to which it was directed if it is delivered in person or sent by prepaid registered post or facsimile to such party at the appropriate address stated in Schedule A or to such other person and or
address as such party or its designated representative may hereafter notify to the other party in writing. If any notice is given by prepaid registered post such notice shall not be effective until three (3) days after it has been mailed. If
any notice is given by facsimile it shall be effective 24 hours from the time such notice is given. 

			
	
 21
	  	Onshore Drilling Contract

  

	28	GST 

  

	 	28.1	Definitions 

 In this Clause and in this Contract
where the context demands: 
 Recipient means the party receiving a taxable supply; 
 Supplier means the party making a taxable supply; 
 The expressions GST, supply, tax invoice and taxable supply have the same meanings as in the GST Law. 
  

	 	28.2	GST Exclusive 

 Unless otherwise provided for in
this document, any amount payable pursuant to this document is expressed exclusive of GST. 
  

	 	28.3	Payment of GST 

 If a supply made pursuant to this
document is a taxable supply, the recipient shall pay to the supplier in accordance with the payment terms agreed, any GST payable on that supply in addition to any other amount that may be payable by the recipient to the supplier for that supply.

  

	 	28.4	Payment of GST 

 Notwithstanding Clause 27.3
or any other term of the document, the recipient is under no obligation to make any payment whatsoever to the supplier unless the supplier has provided to the recipient a tax invoice in the form prescribed by GST Law. 
  

	29	COSTS GENERALLY 

 Each party must bear and is responsible for its
own costs in connection with the negotiation, preparation and execution of this document. 
  

	30	GOVERNING LAW 

 This Contract shall be construed under, and matters
arising out of this Contract shall be dealt with in accordance with the laws of the State of South Australia and the Courts of South Australia shall have non-exclusive jurisdiction over disputes arising hereunder. 
  

	31	SEVERABILITY 

 If any one provision or group of provisions in this
Contract shall be held to be invalid, void or of no effect for any reason whatsoever, such holding shall not be deemed to affect the validity of the 

			
	
 22
	  	Onshore Drilling Contract

  

 
remaining provisions of this Contract which can be given effect without the invalid provision, and the provisions of this Contract are declared to be
severable. 
  

	32	COUNTERPARTS AND MULTIPLE ORIGINALS 

 This document may be executed
in any number of counterparts and all of those counterparts taken together will be deemed to constitute the same document. 
 IN WITNESS whereof the
parties hereto have executed this Contract on the date set out above. 
  

							
	Signed for and on behalf of	 		  	  

	Great South Land Minerals Limited	 		  	By: Dr. Clive F. Burrett
	(OPERATOR)	 		  	
		 		  	Title: Managing Director
				
		 		  	Witness:	 	  

			
	Signed for and on behalf of	 		  	  

	Hunt Energy & Mineral Co-Australia Pty. Ltd.	 		  	By: Mr. Larry Werecky
			
	(CONTRACTOR)	 		  	Title: Managing Director
				
		 		  	Witness:	 	  

			
	
 23
	  	Onshore Drilling Contract

  

 Attachments to: ONSHORE DAYWORK DRILLING CONTRACT 
  

			
	Between:	 	 Great South Land Minerals Limited (“Operator”) and
 Hunt Energy & Mineral Co. - Australia Pty. Ltd. (“Contractor”)

 SCHEDULES ATTACHED TO DRILLING CONTRACT 
  

			
	Between:	 	 Great South Land Minerals Limited (“Operator”) and
 Hunt Energy & Mineral Co. - Australia Pty. Ltd. (“Contractor”)

  

	A	WELL SPECIFICATIONS 

  

	B	RATES PAYABLE TO CONTRACTOR 

  

	C	RIG & EQUIPMENT TO BE FURNISHED BY CONTRACTOR 

  

	D	PERSONNEL TO BE SUPPLIED BY CONTRACTOR 

  

	E	LABOUR, MATERIALS & SERVICES TO BE PROVIDED AT THE WELLSITE(S) 

  

	F	THIS SCHEDULE LEFT BLANK INTENTIONALLY 

  

	G	DRILLING TOOLS INSPECTION 

  

	H	DEPRECIATION SCHEDULE 

  

	I	OCCUPATIONAL HEALTH & SAFETY POLICY 

  

	J	ENVIRONMENT POLICY 

  

	K	MAP OF OPERATING AREA 

			
	
 24
	  	Onshore Drilling Contract

  

 SCHEDULE A 
 WELL SPECIFICATIONS 
  

	1.	NAME, PERMITS & OPERATOR OF WELL(S) 

 The Operator plans to
drill a minimum of 8 firm wells, potentially comprised of Bracknell #1, Bellevue #1, Butler’s Rise #1, Thunderbolt # 1, Interlaken #1, Quamby #1, Fairfield #1, Westwood #1. 
  

	2.	COMMENCEMENT DATE 

 It is the intent of the Operator to drill the 8
firm wells in a continuous drilling program in 2008 and this Contract shall take effect from on or about 14 December 2007 or on a date mutually agreed between the Operator and the Contractor. 
  

	3.	DEPTH 

 Subject to the right of Operator to abandon any well or to
have any well completed at a lesser depth, Contractor agrees to drill wells to Contract depths of up to 2,300 metres with 41/2” D.P. and depths of up to 3,500 metres with 3 1.2” D.P. and slim hole assembly. 
 At Operator’s request Contractor agrees to drill to a depth greater than the Contract depth if it is mutually agreed the equipment at the well site is capable of
drilling to such a depth. 
  

	4.	DRILLING EQUIPMENT TO BE SUPPLIED 

 Refer to Schedule
C.            Phone system 
  

	5.	PERSONNEL TO BE SUPPLIED 

 Refer to Schedule D 
  

	6.	CASING AND CEMENTING PROGRAMME (for 8 wells as per operators program) 

  

									
	 Depth
 Metres(feet)
	 	 Hole Size
 (inches)
	 	 Casing Size
 (inches)
	 	 Casing Wt
 lb/ft
	 	 Comment

	1500 metres	 	8.5	 	7ínch	 	23lb	 	

  

									
	 Depth
 Metres(feet)
	 	 Hole Size2
 (inches)
	 	 Casing Size
 (inches)
	 	 Casing Wt
 lb/ft
	 	 Comment

	1500 metres	 	8.5	 	7inch	 	23lb	 	

			
	
 25
	  	Onshore Drilling Contract

  

	7.	MUD PROGRAMME 

 As per Operator’s programme.

  

	8.	STRAIGHT HOLE SPECIFICATIONS 

 As per
Operator’s programme.            Totco surveys 
 SCHEDULE A
(continued) 
  

	9.	PROPOSED CORING PROGRAMME 

 As directed by Operator. 
  

	10.	PROPOSED WIRELINE SURVEYS 

 As directed by Operator. 
  

	11.	BOP PRESSURE TESTS 

 As directed by Operator and in accordance with
Contractors/Operators BOP Pressure Testing Procedures. Test BOP’s on nipple up and then every 14 days. 
  

	12.	PROPOSED FORMATION FLUID PRODUCTION TESTS 

 As directed by Operator.
Open hole DST’s both conventional off-bottom and inflate straddle 
  

	13.	DESIGNATED FIELD REPRESENTATIVES 

  

			
	Operator:	  	To be notified
	Contractor:	  	To be notified

  

	14.	OPERATOR’S ADDRESS 

  

	
	Great South Land Minerals Limited
	Level 3, 65 Murray Street,
	Hobart Tasmania 7000
	Telephone: 03 6231 9339
	Facsimile: 03 6231 9625
	
	Attention: Managing Director

  

	15.	CONTRACTOR’S ADDRESS 

  

			
	Hunt Energy & Mineral Co.-Australia Pty Ltd
	ABN 52 075 814 390
	15 Scarborough Way, Lonsdale, SA 5160
	Telephone:	 	08 8322 7511
	Facsimile:	 	08 8322 7533

			
	
 26
	  	Onshore Drilling Contract

			
	Attention:	 	Managing Director

			
	
 27
	  	Onshore Drilling Contract

  

 SCHEDULE B 
 RATES PAYABLE TO CONTRACTOR 
 CLARIFICATIONS 
 Rates applicable to this Contract shall remain fixed for the first six (6) months, and thereafter subject only to changes mutually agreed between the Operator and
Contractor. 
 All rates are exclusive of GST. 
  

	1.	Operating Rate – 

 For all work performed on a day work basis
Contractor shall be paid a rate for each twenty four (24) hour day. 
 Operating Rate will be payable when the following operations are performed:

 Drilling 
 Coring 
 Reaming 
 Tripping 
 Circulating mud 
 Conditioning mud 
 Drill stem testing 
 All fishing operations 
 Working stuck drill pipe 
 Backing off drill pipe or drill collars 

Picking up and laying down drill pipe and/or drill collars and/or reamers and/or stabilisers, etc. 
 Picking up or laying down core barrel 
 Picking up or laying down DST tools 
 Cutting and slipping drilling line 
 Servicing rig 
 Changing bits or other drilling tools 
 Pressure testing BOP equipment
including choke manifold, kill and choke lines 
 Picking up or laying down tubing 
 Running casing 
 Production testing operations with Operator’s equipment 
 Waiting on cement to set 
 Waiting on orders 
 Logging 
 A full drilling crew shall consist of the personnel specified in
Schedule D. 
 For each man a crew is short, Contractor’s Operating Rate and the Standby With Crew Rate shall be reduced by the daily pay rate
for each man short. 

			
	
 28
	  	Onshore Drilling Contract

  

 SCHEDULE B (continued) 
  

	2.	Standby With Crew Rate 

 The Standby With Crew Rate will be payable
during periods when Operator at its sole and reasonable discretion, elects to temporarily postpone the performance of the Services and wishes to keep the Contractor available to recommence the Services at short notice. There will be no prior notice
required to place the Contractor on Standby With Crew Rates, and the minimum period of Standby With Crew Rates shall be one (1) hour. 
 2
(a) Standby Due To Waiting on Trucks/Transportation – as for Standby with Crew 
 When waiting on trucking is beyond the control of
the contractor. 
 2 (b) Standby Due To Weather – as for Standby with Crew 
 The Standby Due To Weather Rate shall be payable during periods of Turnkey Rig Moves ( refer Schedule B 11.8 ) when the Contractor is unable to commence or complete a Rig move due to either road closures by designated
authorities or when weather conditions prevent access or egress from the location(s). Payment shall cease in either of the following situations: 
  

	 	•	 	 when both Operator and Contractor agree road conditions are suitable to allow recommencement of activities 

 OR 
  

	 	•	 	 when both parties agree that conditions dictate that either Standby Without Crew or Force Majeure conditions apply. 

  

	3.	Standby Without Crew Rate 

 Standby Without Crew Rate shall be
payable during periods when the Operator elects due to weather or other circumstances to retain the Rig on Contract. Contractor will require a minimum of 24 hr notification. The cost of mobilizing the Crew in and out of the location will be at
Operator’s cost. 
  

	4.	Repair Rate 

 The Repair Rate will be payable during periods that
the Rig is not operating and the Contractor is conducting repairs on the Rig up to 8 hours. If the period to carry out repairs upon the Rig totals more than 8 hours for any one occurrence or twenty four (24) hours cumulatively per calendar
month, any payments to the Contractor will be limited to the Camp Rate detailed below at Item 6. 
 Daily rig greasing and lubricating time shall
not be classified as ‘repair and maintenance’ and time taken for up to one (1) hour per day Contractor will be reimbursed for time taken to grease and lubricate at the rate prevailing at the time these services are performed.

 During periods of repair in excess of twenty four (24) hours, payments for third party equipment rented by Contractor on behalf of Operator shall
continue until Operator advises release of equipment. 

			
	
 29
	  	Onshore Drilling Contract

  

 SCHEDULE B (continued) 
  

	5.	Camp Rates 

 Camp rates shall be payable to the Contractor as per
12.5 of Schedule B for the provision of camp amenities, messing and accommodation for the Contractor’s employees, servants and agents or equivalent. 
 Camp amenities, accommodation and messing facilities shall also be provided without charge for up to eight (8) of Operator’s employees or Operator’s sub-contractors involved in the performance of services on the Rig.

 Camp Rates shall be payable during periods when the Rig is under repair for periods of more than eight (8) hours for any one occurrence or twenty
four (24) hours cumulatively per 28 day period. If repairs exceed more than 48 hours in a 28 day period, ongoing payment of Camp Rates will be reviewed and mutually agreed. 
  

	6.	Mobilisation 

 If the Rig is not moved to the first well under a
formula Rig move, a Mobilisation Fee will be payable to the Contractor. The fee will cover all costs to mobilise rig, camp, personnel and equipment to the first well site and be rigged up, ready to spud. The Mobilisation Fee is detailed in
Schedule B 12.6. The operator will pre-pay the mobilisation fee prior to commencement of rig mobilization. 
  

	7.	Demobilisation 

 On completion of the program the demobilisation fee
payable shall be in accordance with the formula rig move rates quoted in Schedule B 12.7. The demobilization cost will be placed in a mutually agreed escrow account for the duration of the contract. 
  

	8.	Rig Moves 

 Day Rate Basis 
 The Operator may choose to move the Rig and camp on a day rate basis. In this situation, the Contractor will be paid at the rate of Standby with Crew from Rig Release of
the previous well until spud of the next well. The Operator will be responsible for the payment of all trucking and other equipment hire costs as may be required to facilitate the move. The Operator will have the option to request the Contractor to
organise the trucking and hire equipment services on its behalf. 
 Operator shall secure to the Contractor rights of ingress and egress to well sites and
shall advise the Contractor of any limitations or restrictions. Should the Contractor be denied free access to any well site for any reason not within the control of the Contractor, including weather delays, time lost by such denial shall be paid at
the applicable rate in keeping with the stage of operations at the time. 

			
	
 30
	  	Onshore Drilling Contract

  

	9.	Rounding of Time 

 For day work comprising less than an hour, the
Contractor shall be paid the proper fractional part of the amount specified for an hour, rounded to the nearest half hour. 
  

	10.	Base Fuel Price 

 Contractor shall itemise the Base Fuel Price used
as the basis of the Operating Rate. Base Fuel Price shall be delivered to site and inclusive of all State, Federal Taxes, etc. 
 For any price variation
(increase or decrease) of the Base Fuel Price delivered to site during the duration of this Contract, the Contractor shall submit documentation and the Operator will adjust the relevant invoices (increase or decrease) accordingly. Refer to Schedule
B 12. Rates Payable to Contractor 
  

	11.	Labour Rates 

 For any Federal award changes to the Oil Drilling Rig
Workers Award (Onshore), which may apply during the term of this Contract, wages of persons employed under this Award shall be adjusted accordingly. 

			
	
 31
	  	Onshore Drilling Contract

  

 SCHEDULE B (continued) 
  

						
	 12.    Rates payable to Contractor
	  			  	
	 1. Operating Rig Rate (excl. camp)
	  	$	28,296.00	  	per 24 hour
	 2. Standby With Crew Rate
	  	$	24,566.00	  	per 24 hour
	 3. Standby Without Crew Rate
	  	$	8,554.00	  	per 24 hour
	 4. Rig Repair Rate
	  	$	1061.00	  	per hour
	 5. Camp Rate
	  	$	3,804.00	  	per day
	 6. Alternative Accommodation
	  	 	T.B.A.	  	
	 Operator allowance of 8 personnel per day.
	  	
	 Camp Rate shall apply 1 day prior to spud of first well.
	  	
	 Camp Rate shall apply 1 day after release of last well.
	  	
	 Additional meals
	  	$	25.50	  	each
	 Additional beds
	  	$	25.50	  	each
	 Additional meal rate shall apply for any meals above the 24 meals per day allowance.

	 Additional bed rate shall apply for any beds above the 8 beds per day allowance.

	 Additional transportation costs due to fuel surcharges or rate hikes will be passed on to Operator

	 6. Mobilisation
	  	$	400,000.00	  	plus transportation at cost
	 7. Demobilisation
	  	$	900,000.00	  	
	 8. Interwell Move Rate( transport at cost plus $24,566.00/per day rate)
	  			  	
	 9. Forklift Usage
	  	$	150.00	  	per hour
	 10. Fuel
	  	$	 1.00	  	per litre

			
	
 32
	  	Onshore Drilling Contract

  

 SCHEDULE C 
 RIG & EQUIPMENT TO BE FURNISHED BY CONTRACTOR 
 HUNT ENERGY & MINERAL CO –AUSTRALIA
PTY LTD 
 Rig # 3 - Drilling Equipment Specifications 
  

			
	DRAWWORKS:	 	 TSM Model 6000 450HP Single Drum Drawworks
 Serial #
1018, Powered by 2 only Caterpillar 3306 Diesel Engines coupled to Allison TC475 Torque
 Converters & Twin Disc Low and High Drum
Clutches

		 	Foster model 27S Make up and 27B Breakout Catheads
		 	Hoisting speeds 4 forward
		 	Rotary speeds 2 forward
		 	Lebus 1-1/8” Main Drum Grooving 8” x 38” brake drum
		
	RIG CAPACITY:	 	 Drilling Depth 2,300 mtrs with 4-1/2” D.P.
 Drilling Depth 3,500 mtrs with 3-1/2” D.P. and slim hole

		
	SUBSTRUCTURE:	 	Tri-Rudd Industries, one piece unit construction, 12ft high, 14ft wide, 40ft long,
		 	Drillers Dog House: 9ft wide x 16ft long with 4ft landing one end.
		 	Toolhouse:11ft wide x 10ft long on 40ft skid with water tank 500bbl.
		 	Fold up landings, staircase and substructure access for rig moving.
		 	Casing Capacity 280,000lbs
		 	Setback Capacity 200,000lbs
		
	DERRICK:	 	 Tri Rudd Industries Adeco Model 105-13-4-420,
 Clear
height 105ft, leg spread 13ft 4”, GNC 420,000lbs

		
	CROWN BLOCK:	 	Troy 4 cluster 36” sheaves plus one 36” fastline sheave all grooved for 1-1/8” drilling line
		
	CROWN-O-MATIC:	 	NL Shaffer crown saver
		
	TRAVELLING BLOCK:	 	 Sowa 150 ton with Web Wilson Hydra Hook,
 4 x 36”
sheaves grooved for 1-1/8” drilling line

			
	
 33
	  	Onshore Drilling Contract

  

			
	AUXILIARY BRAKE:	 	TSM-22 Single Hydromatic
		
	FLOOR WINCH:	 	Pullmaster Model H7A Hydraulic winch
		
	ROTARY SWIVEL:	 	Tri-Service Machine Model TSM-150 Swivel 150 ton rating @ 100RPM
		
	ROTARY TABLE:	 	 Gardner Denver 17-1/2” c/w Varco 4KRVS
 4-1/4” Square drive & TSM split Master Bushing

		
	RIG LIGHTING:	 	Explosion proof fluorescent & high pressure sodium
		
	MUD PUMP #1	 	TSM 500 Duplex 7-1/2” x 16” slush pump powered by Caterpillar 3412 engine with 18” Fawick clutch, Barber Rig Saver 58” 10 groove 8 vee belt drive equipped with 2”
Oteco pop off valve, Oteco Type 4 Mud Pressure Gauge, Pump Mates 450-60 Pulsation Dampener and 10” Suction line mounted on 12ft x 33ft steel skid.
		
	MUD PUMP #2	 	TSM 500 Duplex 7-1/2” x 16” slush pump powered by Caterpillar 3412 engine with 18” Fawick clutch, Barber Rig Saver 58” 10 groove 8 vee belt drive equipped with Oteco
2” pop off valve, Oteco Type 4 Mud Pressure Gauge, Hydril K-10 Pulsation Dampener & 10” suction line mounted on 12ft x 33 ft steel skid.
		
	MUD MIXING PUMPS (2)	 	Harrisburg 5 x 6 Centrifugal pumps powered with 50hp electric motors each manifolded together to run desilter and or desander.
		
	STANDPIPE:	 	Standpipe Manifold - 4” x 3000lb fitted with Demco 4” Gate Valves, Martin Decker E-17-152 Pressure Sensator & Oteco Model 7 Pressure Gauge, 1 x 5000psi WP kelly
hose
		
	MUD SYSTEM:	 	 Rudd & Hodgson fabricated 420bbl Single tank
 5
compartment system s/n RHI-26-4383

		
	MUD HOPPER:	 	Harrisburg
		
	WATER PUMPS (2):	 	Harrisburg 2 x 2 Centrifugal pumps powered with 10hp electric motor
		
	SHALE SHAKER:	 	DFE SCR-01 Linear Motion

			
	
 34
	  	Onshore Drilling Contract

  

			
	DEGASSER:	 	Vertical Type Poor Boy Gas Separator
		
	AGITATOR:	 	Lightnin Model 72Q7.5 c/w EXP Motor
		
	DESILTER:	 	Tri-Flo 4” x 8 cone
		
	DESANDER:	 	Chimo 160mm x 4 cone
		
	BLOWOUT PREVENTORS:	 	Ram BOP
		
		 	(2) Shaffer single gate 11” 3000 LWS
		 	Ram Sizes - 2-7/8”, 4-1/2”, 5” & 7”
		
		 	Annular BOP
		
		 	Shaffer 11” 3000 Annular s/n 3632
		
	ACCUMULATOR:	 	Ross Hill Model C180-IE20-2AG, 7 bottles with T315-10-3 electric powered triplex pump, GU2KB4B ‘G’ series manifold, Air actuated operator master control panel, Nitrogen emergency
backup.
		
	CHOKE MANIFOLD:	 	 3” 3,000# complete with - 2 only 3” & 9 only 2” 3000 #
 API flanged standard trim gate valves.
 1 only CIW 3-1/8” 5000 HCR Valve c/- H2S Trim.

		
	KILL LINE:	 	2 only 2” - 3000psi Wood Group M25 Adjustable Chokes.
		
	INSTRUMENTATION:	 	Martin Decker 7 Pen Recorder with Air Retrieve
		 	Martin Decker Type ‘AA15’ Clipper Weight Indicator
		 	Totco 0-3000psi Pump Pressure Gauges
		 	Totco Tong Line Pull Gauges
		 	Totco Rotary Torque Gauge
		
	MUD MONITORING:	 	AOI-300 Series Flow Indicator System
		 	AOI Digital Read Out Stroke Counters
		 	AOI 1000 Series Pneumatic Mud Monitoring System
		
	SURVEY UNIT:	 	0-8 degree Totco Unit
		
	WIRELINE UNIT:	 	 Model 5 Hydraulic Wireline Unit with Charlyn Orbit
 Power Hydraulic pump

		 	Capacity : (0.92 x 10,000 ft)
		
	KELLY:	 	1 only 4-1/4” x 41’ Varco Square drive

			
	
 35
	  	Onshore Drilling Contract

  

			
	UPPER KELLY VALVE:	 	M&M Upper Kelly Cock 6-5/8” Regular LH Pin/Box Connections 10,000psi test
		
	LOWER KELLY VALVE:	 	M and M. 4-1/4” x 10,000 (4”IF Pin/Box) Canister type Lower Kelly Cock.
		
	STABBING VALVE:	 	Gray 63021 (4”IF) c/w rod and deflector.
		
	DRILL PIPE:	 	4-1/2” Grade ‘E’ 16.6lb/ft Range 2 Drill Pipe with 4” if connections
		 	6 each 4-1/2” HWDP
		
	DRILL COLLARS:	 	3 each 8” Spiral Drill Collar
		 	26 each 6-1/2” Spiral / Slick 4” if Drill Collar
		
	FISHING TOOLS:	 	As required to fish Contractors string
		
	HANDLING TOOLS:	 	Elevators:
		
		 	1 set 7” Centre Latch Casing Elevators
		 	1 set 7” Side Door Casing Elevators
		 	1 set 9-5/8” Centre Latch Casing Elevators
		 	1 set 9-5/8” Side Door Casing Elevators
		 	1 set 13-3/8 Casing Elevators
		 	2 sets 4-1/2” Drill Pipe Elevators
		
		 	Slips:
		
		 	2 set 4-1/2” - Drill Pipe
		 	1 set 5-1/2” - 7” Drill Collar
		 	1 ser DCS-S 4-3/4” Drill Collar
		 	1 set DCS-L 8” Drill Collar
		 	1 set Varco 9-5/8” Casing Slips
		
		 	Safety Clamp:
		
		 	1 only Varco MPR
		
		 	Main Floor Rotary Tongs
		
		 	1 set (2) Drill pipe tongs c/w jaws 3-1/2” - 10-3/4”
		
	SUBS:	 	Bit Subs:
		
		 	1 x 6-5/8” regular box x 4” I.F. box bored for float
		 	1 x 4-1/2” regular box x 4” I.F. box bored for float
		 	
		 	X-Over Subs:

			
	
 36
	  	Onshore Drilling Contract

			
		
		 	6-5/8” Reg. Pin x 4” If Box. X-over
		 	4-1/2” Reg. x 6-5/8” Reg. (Double Pin)
		 	2 x 4” IF Box x 4” FH Pin
		 	4” FH Box x 4” IF Pin
		
		 	Saver Subs:
		
		 	4” IF Pin/Box (3-1/2 ft)
		 	4” If Pin/Box (12”)
		 	4” If Pin/Box (2-1/2 Ft)
		
		 	Pickup Subs:
		
		 	10 x 6-1/2” OD x 4-1/2” OD x 42” long 4” I.F.
		
	PIPE SPINNER:	 	Greyspin Hydraulic pipe spinner
		
	KELLY SPINNER:	 	Foster Model # 77
		
	CASING TONG:	 	Universe Model 01B13E 13-3/8” Tong assembly c/w 13-3/8”, 9-5/8” 7” & 5-1/2” jaws
		
	CASING / TUBING DRIFTS:	 	as required
		
	CUP TESTER:	 	9-5/8” Casing cup tester
		
	WIRELINE UNIT:	 	TSM Hydraulic
		
	WELDING EQUIPMENT:	 	 1 x Miller Model SRH-333 Electric Welder
 1 x Lincoln
AS-400-50 Diesel Powered Electric Welder.

		 	1 x BOC Oxy/Acet Cutting / Welding set
		
	AIR COMPRESSORS (2)	 	Le roy model 550 compressors
		
	AC GENERATOR:	 	2 x Caterpillar 3406 Diesel Engines coupled to Brown Boveri Model 523R alternators, 219kva, 60HZ, Mounted in Rudd & Hodgson fabricated steel building
		
	FUEL TANK:	 	4000gal
		
	PIPE RACKS:	 	4 sets
		
	CATWALKS:	 	2 x 30 ft

			
	
 37
	  	Onshore Drilling Contract

  

			
	MUD LAB:	 	Baroid Mud Laboratory Kit
		
	MUD SAVER:	 	1 x Oteco MG-602 Mud Saver
		
	MOUSE / RAT HOLE
DIGGER:	 	TSM manufactured
		
	CELLAR PUMP:	 	Cellar Jet
		
	WATER PUMP:	 	2 only 3” x 2” Portable Pumps
		
	RIG VEHICLES:	 	1 X Toyota Troop Carrier
		 	1 X Toyota Tray Top Ute
		 	1 X Caterpillar 966 Loader
		
	RIG ACCOMODATION:	 	Rig Manager’s Accommodation - 1 only Transportable unit 40’ x 9’ x 9’ c/w Sleeping quarters, Ablution facilities & two separate offices.
		
		 	Drilling Supervisor’s Accommodation - 1 only Transportable unit 40’ x 9’x 9’ c/w Sleeping quarters, Ablution facilities & two separate offices.
		
	FIRE EXTINGUISHER:	 	Certified Units located in strategic positions in and around Rig and Camp.
		
	RIG COMMUNICATION:	 	 Westinghouse Satellite Telephone (Optus)
 Sharp FO-355
fax machine

		 	CDMA Mobile Phone

			
	
 38
	  	Onshore Drilling Contract

  

			
	CAMP	 	
		
	GENERATOR:	 	1 only Camp Generator House (fully sound proofed)
		 	( 12.0 x 3.0m Skid Mounted)
		 	c/w 14,000litre capacity water tank -Davey Water Pump
		 	2 only Onan Generator sets 100KVA
		 	Fuel tank capacity 7000lts
		
	SLEEPING UNITS:	 	1 only (14.4 x 3.0m skid mounted) 6 person Bunkhouse c/w Built in wardrobes, table, beds and bedding.
		 	2 only (14.4 x 3.0m skid mounted) 10 person Bunkhouse c/w Built in wardrobes, table, beds and bedding.
		
	KITCHEN-DINING:	 	1 only Kitchen/Diner/Coolroom/Freezer Unit (14.4 x 3.0m skid mounted) Built-in combined freezer/chiller unit c/w Commercial Kitchen, Range/Oven, Microwave, Deep fryer, Mixer/Blender, Bain
Marie, fixed tables, chairs and all necessary utensils.
		
	RECREATION:	 	1 x Recreation Room / Clinic Unit
		 	(14.4 x 3.0m Skid Mounted) c/w television, video & lounge chairs
		 	1 x First Aid Room
		
	ABLUTION:	 	1 x Ablution / Laundry / Store Unit
		 	(14.0 x 3.0m Skid Mounted) c/w 315litre hot water unit, 4 x toilet bays and 5 shower bays.
		 	Laundry c/w 2 x washing machines & 2 x dryers
		 	Storage area with built in shelving

			
	
 39
	  	Onshore Drilling Contract

  

 SCHEDULE D 
 PERSONNEL TO BE SUPPLIED BY THE CONTRACTOR 
 Drilling Crew 
 Rates quoted are based on the Contractor providing a full tour drilling crew on the Rig 24 hours per day. A full tour drilling crew shall consist of five
(5) persons, as indicated below: 
  

					
	1	  	only	  	Rig Manager
	1	  	only	  	Driller*
	1	  	only	  	Mechanic
	1	  	only	  	Electrician
	1	  	only	  	Derrickhand*
	1	  	only	  	Lead Floorhand*
	2	  	only	  	Floorhand*
	1	  	only	  	Leasehand**
	1	  	only	  	HSET Officer

 Persons indicated with an asterisk* will comprise a full crew working a 12 hour shift. Alternates will be on site
with a further crew on break. 
 The Rig Mechanic will at all times be available on 24 hour call. 
 Basic welding skills are to be available on site – if pressure welding is required by the Operator, the Contractor to supply at the Operator’s expense.

 The Electrician will be available as required. 
 For each
person the above complement is short, the Operating Rate, Standby With Crew Rate or Repair Rate, effective at the time will be reduced by the daily rate of pay for each position as detailed in the rates Schedule B. 
 Camp Crew 
  

			
	2 only	  	Cooks
		
	2 only	  	Camp Attendants

			
	
 40
	  	Onshore Drilling Contract

  

 SCHEDULE E 
 LABOUR, EQUIPMENT AND SERVICES TO BE PROVIDED AT THE WELLSITE (S) 
  

			
	CONTRACTOR	  	= C
	OPERATOR	  	= O

  

							
	 	 	 	  	Provided By	  	Expense Of
	(1)	 	Complete drilling Rig, as set out in Schedule C, capable of drilling to 2300 metres to carry out Operator’s programme.	  	C	  	C
	(2)	 	All personnel and supervision necessary to operate the drilling Rig as set out in Schedule D.	  	C	  	C
	(3)	 	All transportation equipment for the Contractor’s personnel.	  	C	  	C
	(4)	 	 (a)    Rat-hole & mouse-hole drilling for a maximum 8 hours.
	  	C/O	  	O
		 	 (b)    Rat-hole & mouse-hole drilling in excess of 8 hours.
	  	C/O	  	O
	(5)	 	 (a)    Conductor pipe supply
	  	O	  	O
		 	 (b)    Conductor pipe –Drill, run & cement
	  	O	  	O
		 	 (c)    Conductor cement
	  	O	  	O
	(6)	 	 (a)    Flow pipes and risers
	  	C	  	C
		 	 (b)    Flare Line.
	  	C	  	C
		 	 (c)    1” Stinger 4 x 20 ft lengths
	  	C/O	  	O
	(7)	 	Rig foundations – wooden mats	  	C	  	C
	(8)	 	 (a)    Electric supply for Rig and well-site buildings (240 volts 50 cycle single phase 7.5KVA)
	  	C	  	C
		 	 (b)    light fixtures and bulbs (rig and camp only)
	  	C	  	C
	(9)	 	 (a)    Fuel storage
	  	C	  	C
		 	 (b)    Maintaining fuel supply
	  	C	  	C
		 	 (c)    Trucking to maintain fuel supply
	  	C	  	C
	(10)	 	Mud storage in addition to suction pits. (if req.)	  	O	  	O
	(11)	 	Cleaning Solvents	  	C	  	C
	(12)	 	Soft rope, rags, etc.	  	C	  	C
	(13)	 	Replacement and repair of Contractor’s down hole tools damaged as a result of fishing	  	C	  	O
	(14)	 	Rig maintenance – (1/2 hour per 24 hour period)	  	C	  	O
	(15)	 	Drill pipe wipers	  	C	  	C

			
	
 41
	  	Onshore Drilling Contract

  

							
	 	  	 	  	Provided By	  	Expense Of
	(16)	  	 (a)    Casing and tubing tools (tongs, Casing spider, elevator and slips for 9.5/8”, 7”casing, 3  1/2”
	  	C	  	C
		  	 (b)    Rod Handling Equipment
	  	C/O	  	O
	(17)	  	 (a)    Welding for rigging up prior to spud
	  	C	  	C
		  	 (b)    Pressure welding (if req.)
	  	C	  	O
	(18)	  	Automatic Drilling Time Recorder	  	C	  	C
	(19)	  	 (a)    Furnish and maintain adequate roadway to location, right-of-way, including rights of way for fuel and water
lines, river crossings, highway crossings gates and cattle guards.
	  	O	  	O
		  	 (b)    Stake location, clear and grade location, and provide turnaround including surfacing when
necessary.
	  	O	  	O
	(20)	  	 (a)    Site preparation including digging of waste pit and grading location.
	  	O	  	O
		  	 (b)    Construction of cellar including materials
	  	O	  	O
	(21)	  	Excavation, if necessary, for mud suction pit or tank	  	O	  	O
	(22)	  	 (a)    Communication system for contractor’s use.
 (b)    Communication system for operators’ use.
	  	C
 C
	  	C
 O

	(23)	  	 Clean up:
 (a)    Contractor’s supplies and rubbish
	  	C	  	C
		  	 (b)    Camp refuse
	  	C	  	O
		  	 (c)    Sump, pits and site rehabilitation
	  	O	  	O
		  	 (d)    Operators hard rubbish
	  	O	  	O
	(24)	  	All tubular goods, hangers, packers etc. in connection with formation testings and flow tests.	  	O	  	O
	(25)	  	Casing, shoes, float collars, baskets, scratchers, centralisers and other permanent casing accessories.	  	O	  	O
	(26)	  	Wellhead connections and all equipment to be installed in or on well or on the premises for use in connection will drilling, testing, completion and operation of well	  	O	  	O
	(27)	  	 (a)    Cement
	  	O	  	O
		  	 (b)    Cementing Pumping services.
	  	O	  	O
	 (28)
	  	Materials or service for any permanent installation which will remain part of well	  	O	  	O
	 (29)
	  	Water storage pits (earthen).	  	O	  	O
	 (30)
	  	 (a)    Rig water supply to within 100’ of cellar (includes Dam or Turkey’s Nest)
	  	O	  	O
		  	 (b)    Potable camp water supply and delivery
	  	O	  	O
	 (31)
	  	 (a)    Incidental maintenance of water lines within 100’ of cellar
	  	C	  	C
		  	 (b)    Water pit pump.
	  	C	  	C

			
	
 42
	  	Onshore Drilling Contract

  

							
	 	  	 	  	Provided By	  	Expense Of
	(32)	  	Water well pump, if necessary.	  	O	  	O
	(33)	  	Water well pump, fuel.	  	C	  	O
	(34)	  	Operations and incidental maintenance of water pump.	  	C	  	O
	(35)	  	 (a)    Fuel, oil and grease for rig and associated equipment
	  	C	  	C
		  	 (b)    Fuel, oil and grease for Contractor’s vehicles, including forklift.
	  	C	  	C
	(36)	  	Mud and Chemicals	  	O	  	O
	(37)	  	Oil base, oil emulsion or crude oil.	  	O	  	O
	(38)	  	Disposal of drilling fluid.	  	O	  	O
	(39)	  	Lost circulation materials.	  	O	  	O
	(40)	  	 (a)    Mud storage for special mud other than specified in well programmes.
	  	O	  	O
		  	 (b)    Tarpaulin cover for mud stocks.(if required)
 (c)    Inhibiter for drill string at end of well.
	  	O	  	O
	(41)	  	Casing or tubing thread lubricant.	  	O	  	O
	(42)	  	 (a)    Transportation of Contractor’s drilling equipment and camp to site or between sites.
	  	C	  	O
		  	 (b)    Demobilisation of Contractor’s drilling equipment and camp from the drilling site.
	  	C	  	O
		  	 (c)    Additional mobilisation/demobilisation costs incurred due to wash down of equipment etc.
	  	C	  	O
	(43)	  	Road tax on haulage	  	C	  	C
	(44)	  	 (a)    Stabilisers and reamer bodies.
	  	O	  	O
		  	 (b)    Shock sub.
	  	O	  	O
		  	 (c)    Replacement parts for above
	  	O	  	O
	(45)	  	Rotary bits.	  	O	  	O
	(46)	  	 (a)    Diamond or conventional coring equipment.
	  	O	  	O
		  	 (b)    Diamond or conventional core heads.
	  	O	  	O
		  	 (c)    Replacement parts for coring equipment.
	  	O	  	O
	(47)	  	 (a)    Standard fishing tools for Contractors equipment
	  	C	  	C
		  	 (b)    Special fishing tools and services
	  	O	  	O
	(48)	  	Formation testing, hydraulic fracturing, acidising and other related services	  	O	  	O
	(49)	  	Test Tanks with pipe and fittings.	  	O	  	O
	(50)	  	Separator with pipe and fitting	  	O	  	O
	(51)	  	Labour to connect and disconnect test tanks and separator.	  	C/O	  	O
	(52)	  	Labour to disconnect and clean test tanks and separator.	  	O	  	O
	(53)	  	Gun or jet perforating services.	  	O	  	O
	(54)	  	Explosives and shooting devices	  	O	  	O
	(55)	  	Mud logging services	  	O	  	O
	(56)	  	Sidewall coring service.	  	O	  	O

			
	
 43
	  	Onshore Drilling Contract

  

							
	 	  	 	  	Provided By	  	Expense Of
	(57)	  	Crane for rigging-up and rigging-down, load out and unload.	  		  	
		  	 (a)    Turnkey move.
 (b)    Day Rate Move
	  	C
 C/O
	  	C
 O

	(58)	  	Transportation of Contractor’s spares and maintenance parts for rig.	  	C	  	C
	(59)	  	 (a)    Trucking of Operators materials to site
	  	O	  	O
		  	 (b)    Use of Contractors forklift to unload materials and move around site.
	  	C	  	C
		  	 (c)    Use of Contractors forklift offsite
	  	C	  	O
	(60)	  	 (a)    Adequate housing, messing facilities and amenities for Contractor’s drilling personnel while engaged on
drilling, rigging-up and down, moving, unloading and loading operations.
	  	C	  	C
		  	 (b)    Accommodation and messing for up to eight (8) Operator personnel/subcontractors during moving/rigging
up/drilling operations.
	  	C	  	C
		  	 (c)    Accommodation in excess of eight(8) persons
	  	C/O	  	O
	(61)	  	 (a)    Electric logging services.
	  	O	  	O
		  	 (b)    Directional, calliper and other special services.
	  	O	  	O
	(62)	  	Swab rubbers, swab tubing and supplies (if and when considered necessary by Operator notice therefore to be given to Contractor).	  	O	  	O
	(63)	  	Transport costs and repairs to tools rented by Contractor at Operator’s request.	  	C	  	O
	 (64)
	  	Overtime paid to non-staff drilling personnel working in excess of 12 hours in any one day while engaged in cementing, running casing, lost circulation jobs, etc.	  	C	  	O
	 (65)
	  	Welding service for welding bottom joints of casing, guide shoe, float shoe, float collar and in connection with landing casing.	  	C	  	C
	 (66)
	  	Leave transportation - Contractor’s personnel.	  	C	  	C
	 (67)
	  	Roustabout labour to handle Operator’s drilling supplies, materials and equipment, etc. on site provided such items can be handled by regular rig crew and equipment.	  	C	  	C
	 (68)
	  	Provision of transport services to move Contractor’s personnel, spare parts and perishables.	  	C	  	C
	 (69)
	  	Provision of transport service to move Operator’s personnel, spare parts, materials or equipment.	  	C/O	  	O
	 (70)
	  	Corrosion rings.	  	C	  	O
	 (71)
	  	Oxygen and hydrogen sulphide scavenging chemicals and equipment and tubulars.	  	O	  	O

			
	
 44
	  	Onshore Drilling Contract

  

							
	 	  	 	  	Provided By	  	Expense Of
	(72)	  	Drill pipe and drill collar inspection in accordance with API RPG7 classification standards by an approved inspection service.	  		  	
		  	 (a)    Prior to commencement of Contract, if required.
	  	C	  	C
		  	 (b)    Thereafter at six monthly intervals.
	  	C	  	O
		  	 (c)    More frequently than six months necessitated by operating conditions or if requested by Operator and at the end
of the Contract.
	  	C	  	O
		  	 (d)    Immediately in the event of three (3) drill-string failures.
	  	C	  	C
	(73)	  	Mud Engineer, if required (but Contractor will carry out routine mud testing and treatment).	  	O	  	O
	(74)	  	Any geological services.	  	O	  	O
	(75)	  	Directional drilling equipment and services.	  	O	  	O
	(76)	  	 (a)    Any drill pipe and drill collars, kellies or subs in addition to those furnished by Contractor under Section
4(a) of Exhibit A, including required handling tools.
	  	C	  	O
		  	 (b)    Pony Drill collar 6  1/2” x 10’ long
	  	C	  	C
	(77)	  	 (a)    Shaker Screens.
 1 set up to 84 mesh (inclusive)
	  	C	  	C
		  	 (b)    Additional screens finer than & including 84 mesh.
 ie, 110, 175, 210 or 250 mesh
	  	C	  	O
	(78)	  	Safety drill pipe plugs.	  	C	  	C
	(79)	  	Medical Kit held on Rig Site locked and under management supervision by Rig Manager	  	C	  	C
	(80)	  	Qualified First Aid person(s) as required to comply with relevant legislation	  	C	  	C
	(81)	  	Blow-out Preventer Test Equipment	  		  	
		  	 (a)    Cup Tester
	  	C	  	C
		  	 (b)    Cup Tester Rubbers
	  	C	  	O
	(82)	  	Crossover Spools and Flanges for wellhead equipment	  	C	  	C
	(83)	  	Torque gauges for drill collar make up and casing tongs	  	C	  	C
	(84)	  	Flow pipe, risers & flare lines	  	C	  	C
	(85)	  	 (a)    Pit Level Recorder
	  	C	  	C
		  	 (b)    Flow shows
	  	C	  	C
	(86)	  	Daily cleaning service and regular linen/laundry service for engineer/geologist accommodation unit at well-site	  	C	  	C
	(87)	  	 (a)    Camp Sewerage treatment system to a standard to conform to the requirement of SA Dept of
Environment
	  	C/O	  	O

			
	
 45
	  	Onshore Drilling Contract

  

							
	 	  	 	  	Provided By	  	Expense Of
	(88)	  	Hard rubbish collection bin	  	O	  	O
	(89)	  	Cement mix-water tank 360 bbl min.	  	C/O	  	O
	(90)	  	Onsite accommodation for Operators Drilling Supervisor	  	C	  	C
	(91)	  	Pressure Testing Unit	  	C	  	O
	(92)	  	Drilling Jar	  	O	  	O
	(93)	  	“Blue Box’s” for rig sewerage treatment	  	C	  	O
	(94)	  	Satelite phone system for Coman & geologist	  	C	  	O

			
	
 46
	  	Onshore Drilling Contract

  

 SCHEDULE F 
 This schedule has been left blank intentionally 

			
	
 47
	  	Onshore Drilling Contract

  

 SCHEDULE G 
 DRILLING TOOLS/EQUIPMENT INSPECTION 
 Contractor will schedule a mid year shutdown period to address all
outstanding maintenance / repair issues. 
 Payment during this period shall be limited to the turnkey Rig move rate applicable at the time. 
 Contractor will provide evidence of recent inspections to the following equipment prior to commencing operations under the terms of this Contract. 
 Drill string 
  

	 	•	 	 drill pipe 

  

	 	•	 	 drill collars 

  

	 	•	 	 hevi-wate drill pipe 

  

	 	•	 	 substitutes / crossovers 

  

	 	•	 	 kelly/bushings 

  

	 	•	 	 fishing tools 

 Drilling Tools 
  

	 	•	 	 BOPS 

  

	 	•	 	 Drilling spools 

  

	 	•	 	 Tongs 

 Slings and Lifting Equipment

  

	 	•	 	 slings 

  

	 	•	 	 tong lines 

  

	 	•	 	 links 

  

	 	•	 	 hooks/blocks 

  

	 	•	 	 swivel- 

  

	 	•	 	 elevators 

  

	 	•	 	 slips 

 Rig Components 
  

	 	•	 	 brake bands 

  

	 	•	 	 rotary table 

			
	
 48
	  	Onshore Drilling Contract

  

 SCHEDULE H 
 DEPRECIATION SCHEDULE 
 Lost-in-Hole Values 
  

							
	 Item
	  	 Value
 at Commencement Date
	  	Depreciation Rate
for each 365 working
days (% or years)	 
	 Drilling unit and surface drilling equipment
	  	USD$	1,500,000.00	  	10	%
	 Tubulures including :-
	  			  		
	 Drill Pipe 4  1/2” – unit cost
	  	USD	 3,500.00	  	25	%
	 Drill pipe 3  1/2” – unit cost
	  	USD	2,350.00	  	25	%
	 Drill collars 6  1/2” – unit cost
	  	USD	4,500.00	  	25	%
	 Drill collars 8” – unit cost
	  	USD	6000.00	  	25	%
	 Hevi-wate drill pipe 4  1/2”– unit cost
	  	USD$	3,100.00	  	25	%
	 Drilling Jars – unit cost
	  	 	N/A	  	N/A	 
	 Stabilizer 8  1/2”– unit cost
	  	 	N/A	  	N/A	 
	 NBR 8  1/2”– unit cost
	  	 	N/A	  	N/A	 
	 BOP’s
	  	USD	140,000.00	  	15	%
	 Mud Tanks
	  	A$	320,000.00	  	15	%
	 Light Vehicles
	  	A$	48,000.00	  	30	%
	 Camp
	  	A$	750,000.00	  	20	%

			
	
 49
	  	Onshore Drilling Contract

  

 SCHEDULE I 
 OCCUPATIONAL, HEALTH, SAFETY & WELFARE POLICY 
 Contractor details of Safety Manuals/Operations
Manuals/JSA Procedures and Work Procedures applicable to the area of operation supplied to the Operator by the Contractor to be read in conjunction with this Contract. 
 HUNT ENERGY & MINERAL CO. AUST PTY LTD 
 OCCUPATIONAL HEALTH & SAFETY POLICY 
 Hunt Energy will provide a safe working environment for all employees through commitment to a systems approach in safety management at all sites & facilities
under its control. In particular, the organisation will provide: 
  

	•	 	 Policies and procedures that clearly define the company safety doctrine. 

  

	•	 	 Plant & equipment in safe working condition. 

  

	•	 	 Induction & training to educate all new employees on their responsibilities under the relevant state OH&S Act & Regulations.

  

	•	 	 Supervision & instruction to ensure that all work is completed safely. 

 Hunt Energy believes that all work injuries are preventable and will strive to eliminate the hazards that cause them. Through an ongoing process of Risk Assessment the company will endeavour to reduce the potential
for harm to its employees, contractors & visitors, and use the hierarchy of control in hazard management to achieve the best possible outcome. 
 While striving to achieve an accident free workplace, it is Company policy that any incidents or accidents that do occur, must be reported immediately, and appropriate action taken to prevent a recurrence. 
 Management will actively demonstrate their commitment to safety through support of safety awareness initiatives promoting consultation & communication on safety
issues through all levels of the organisation. 
 Hunt Energy understands that a positive safety culture is a core value for the achievement of sound
business practice and to maintain a continuous improvement strategy. 

			
	
 50
	  	Onshore Drilling Contract

  

 SCHEDULE J 
 ENVIRONMENT POLICY 
 Contractor policies and procedures supplied to the Operator by the Contractor relating to
environmental matters to be read in conjunction with this Contract. 
 HUNT ENERGY & MINERAL CO. AUST PTY LTD 
 ENVIRONMENTAL POLICY 
 Hunt Energy is committed to the
preservation of the environment and will conduct all operations and activities with environmental protection as a prime objective. Hunt Energy will follow guidelines as set down by the Environmental Protection Authority and relevant industry
standards. In particular, Hunt Energy will: 
 Ensure that all employees and contractors are aware of their responsibilities for environmental protection
through induction to this policy and customer requirements. In addition, Hunt Energy will: 
  

	•	 	 Minimise the possibility of pollution to soil, water or air caused by spills or the emission of gas, by following sound principals of Risk Management.

 In the event of a spill occurring, immediately follow the principles of contain, control and cleanup, to minimise damage
to the environment. 
  

	•	 	 Manage the transportation, storage and handling of Hazardous Substances and Dangerous Goods in line with the relevant state Regulations.

  

	•	 	 Minimise damage to flora and fauna as a result of rig operations and use of heavy equipment, by forward planning and efficient utilisation of equipment,
particularly in relation to weather conditions. 

  

	•	 	 Avoid disturbing natural or historical sites, particularly with respect to Aboriginal & European Cultural Heritage. 

  

	•	 	 Assist with the rehabilitation of the rig site and adjoining areas after the drilling program to preserve the natural habitat for other land users.

 Hunt Energy & Mineral Co.- Aust. Pty Ltd is committed to its endeavour of being a responsible environmental corporate citizen.

			
	
 51
	  	Onshore Drilling Contract

  

 SCHEDULE K 
 MAP OF OPERATING AREA(S)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]