Document:

Exhibit
      10.7

    JOINT
      OPERATING AGREEMENT

    SAWN
      LAKE AREA, ALBERTA

    

    

    

    THIS
      AGREEMENT made as of December 9, 2004.

    

    AMONG:

    Deep
      Well
      Oil & Gas, Inc., a body corporate, having an office at the City of Calgary,
      in the Province of Alberta (herein referred to as “DWOG”)

    

    OF
      THE
      FIRST PART

    

    -
      and
      -

    

    1132559
      ALBERTA LTD. a body corporate, having an office at the City of Calgary, in
      the
      Province of Alberta (herein referred to as “1132559 ALBERTA”)

    

    OF
      THE
      SECOND PART

    

    WHEREAS
      1132559 ALBERTA acquired on November 10, 2004 from Maxen Petroleum Inc. certain
      interests in the Joint Lands;

    

    AND
      WHEREAS the parties wish to provide for the manner of conducting operations
      on
      the Joint Lands.

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual premises
      and of the covenants contained herein, the parties agree each with the other
      as
      follows:

    

    

      
        	
                1.

              	
                INTERPRETATION

              
	 	 	 
	
                (a)

              	
                In
                  this Agreement, unless the context otherwise requires, the definitions
                  contained in clause 101 of the Operating Procedure shall apply,
                  and:

              
	 	 	 
	 	
                (i)

              	
                “Assignment
                  Procedure” means the 1993 CAPL Assignment Procedure as completed and
                  attached as Schedule “C”;

              
	 	 	 
	 	
                (ii)

              	
                “Effective
                  Date” means December 9, 2004;

              
	 	 	 
	 	
                (iii)

              	
                “Joint
                  Lands” means the lands described in Schedule “A” hereto, including where
                  the context requires the petroleum substances within, upon or under
                  such
                  lands, or any interest or interests in such lands from time to
                  time
                  remaining subject to this Agreement;

              
	 	 	 
	 	
                (iv)

              	
                “Operating
                  Procedure” means the Operating Procedure as completed and attached as
                  Schedule “B”, together with the Accounting Procedure as completed and
                  annexed thereto as Exhibit “A”

              
	 	 	 
	 	
                (v)

              	
                “Operator”
                  initially means Deep Well Oil & Gas, Inc., appointed as such in Clause
                  5 of this Agreement;

              
	 	 	 
	 	
                (vi)

              	
                “Participating
                  Interest” means the percentage interest of a party set forth in Clause 4
                  of this Agreement;

              
	 	 	 
	 	
                (vii)

              	
                “Title
                  Document” means the document of title set forth and described in Schedule
                  “A” hereto and any renewal, extension or replacement thereof, including
                  any leases selected from a license or reservation, insofar as they
                  relate
                  in each case to the Joint Lands; and

              
	
                (b)

              	
                The
                  headings of the clauses of this Agreement and the Schedules are
                  inserted
                  for convenience of reference only and shall not affect the meaning
                  or
                  construction thereof.

              
	 	 	 
	
                (c)

              	
                Whenever
                  the singular or masculine or neuter is used in this Agreement or
                  the
                  Schedules, the same shall be construed as meaning plural or feminine
                  or
                  body politic or corporate and vice versa as the context
                  requires.

              
	 	 	 
	
                (d)

              	
                In
                  the event of any conflict or inconsistency between the provisions
                  of this
                  Agreement and those of any Schedule, the provisions of this Agreement
                  shall prevail. If any term or condition of this Agreement conflicts
                  with a
                  term or condition of any Title Document, then such term or condition
                  of
                  such Title Document shall prevail and this Agreement shall be deemed
                  to be
                  amended accordingly with respect to such Title
                  Document.

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
         

      

      
        	
                2.

              	
                SCHEDULES

              
	 	 	 
	 	
                The
                  following Schedules are attached to and are incorporated into this
                  Agreement:

              
	 	 	 
	
                (a)

              	
                Schedule
                  “A” which sets forth and describes the Joint Lands and the Title
                  Document;

              
	 	 	 
	
                (b)

              	
                Schedule
                  “B” which is the Operating Procedure together with the Accounting
                  Procedure annexed thereto as Exhibit “A”; and

              
	 	 	 
	
                (c)

              	
                Schedule
                  “C” which is the Assignment
                  Procedure.

              

      

       

       

      
        	
                3.

              	
                TITLE

              
	 	 	 
	 	
                No
                  party warrants title to its Participating Interest in the Title
                  Document
                  or the Joint Lands but each party covenants that it has complied
                  with the
                  terms of the Title Document to the extent necessary to keep it
                  in full
                  force and effect, has good right, full power and authority to enter
                  into
                  this Agreement and represents that it has not as of the Effective
                  Date of
                  this Agreement received any notice of default in respect of any
                  Title
                  Document.

              

      

       

       

      
        	
                4.

              	
                PARTICIPATING
                  INTERESTS

              
	 	 	 
	 	
                Except
                  as otherwise provided in the Operating Procedure, the parties shall
                  bear
                  all costs and expenses paid or incurred under this Agreement and
                  the
                  Operating Procedure and shall own the Title Document the Joint
                  Lands, all
                  wells thereon and information obtained therefrom and the equipment
                  pertaining thereto and the petroleum substances produced therefrom
                  in
                  accordance with the following respective Participating
                  Interests:

              

      

      

        
          	
                  Deep
                    Well Oil & Gas, Inc.

                	
                  80%

                
	
                  1132559
                    Alberta Ltd.

                	
                  10%

                
	
                  Maxen
                    Petroleum Inc.

                	
                  10%

                

        

         

         

      

      
        	
                5.

              	
                APPOINTMENT
                  OF OPERATOR

              
	 	 	 
	 	
                Deep
                  Well Oil & Gas, Inc. is hereby appointed initial Operator and shall be
                  responsible for the operation and development of the Joint Lands
                  for the
                  joint account and, subject to the terms and provisions of this
                  Agreement
                  and the Operating Procedure, shall have the sole and exclusive
                  control and
                  management of all operations conducted pursuant to this Agreement.
                  Deep
                  Well Oil & Gas, Inc. hereby accepts such appointment as Operator. The
                  Operator shall account for the Goods and Services Tax (Canada),
                  pursuant
                  to Subsection 273 (1) of the Excise Tax Act, on all purchases and
                  sales
                  occurring on the Joint Lands.

              

      

       

      
        	
                6.

              	
                OPERATING
                  PROCEDURE

              
	 	 	 
	 	
                The
                  parties agree that the Operating Procedure as amended by this Agreement
                  governs the relationship of the parties hereto and applies to all
                  operations conducted in respect of the exploration, development
                  and
                  maintenance of the Joint Lands for the production of petroleum
                  substances.

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
                7.

              	
                INFORMATION
                  TO JOINT-OPERATOR

              
	 	 	 
	 	
                In
                  addition to the information and data required to be provided to
                  the
                  Joint-Operator by the Operator pursuant to the Operating Procedure,
                  the
                  Operator, upon any well reaching total depth, shall supply the
                  Joint-Operator with two (2) copies of a geological (factual) report
                  containing:

              
	 	 	 
	
                (a)

              	
                final
                  summary of survey log formation tops;

              
	 	 	 
	
                (b)

              	
                detailed
                  drillstem test data, if applicable;

              
	 	 	 
	
                (c)

              	
                lithologic
                  core and sample report, if applicable; and

              
	 	 	 
	
                (d)

              	
                core,
                  water, gas or oil analyses, if
                  applicable.

              

      

       

      
        	
                8.

              	
                ENCUMBRANCES
                  ON INTEREST

              
	 	 	 
	 	
                If
                  the interest of any party in the Joint Lands is now or hereafter
                  shall
                  become encumbered by any security interest or by any royalty, production
                  payment or other charge of a similar nature, other than the royalties
                  set
                  forth under the terms of the Title Document covering such lands
                  or any
                  compensatory royalty payments, then such security interest, additional
                  royalty, production payment or charge shall be charged to and paid
                  entirely by the party whose interest is or becomes thus encumbered.
                  Any
                  such encumbrance hereafter made or granted by a party shall be
                  expressly
                  made subject to the rights of the other parties hereunder. In no
                  event
                  shall a party hereto acquiring an interest in such lands by virtue
                  of the
                  operation of any provision of the body of this Agreement of the
                  Operating
                  Procedure (except Article XXIV of the Operating Procedure, where
                  applicable) ever be required to assume any part of such interest,
                  royalty,
                  payment or charge.

              

      

       

      
        	
                9.

              	
                NEW
                  ROYALTY APPLICATIONS

              
	 	 	 
	 	
                If
                  any well on the Joint Lands is completed for the taking of production
                  the
                  Operator shall be responsible for making timely application, on
                  behalf of
                  the parties, pursuant to the Regulations, for new royalty status
                  on any
                  petroleum substances and for any royalty holiday or abatement that
                  may be
                  applicable to operations hereunder.

              

      

       

      
        	
                10.

              	
                INCENTIVE
                  ASSISTANCE PROGRAM

              
	 	 	 
	 	
                Incentives
                  of any kind which are generated by operations on the Joint Lands
                  by the
                  parties shall be allocated and shared in accordance with each party’s
                  participation in such operation.

              

      

       

      
        	
                11.

              	
                CONFIDENTIAL
                  INFORMATION

              
	 	 	 
	 	
                Notwithstanding
                  the Operating Procedure, a party may release information obtained
                  in the
                  course of or as a result of operations on the Joint Lands to an
                  industry
                  scouting association in which the party is a participant, or to
                  a lawful
                  governmental authority to the extent required by law, or to a stock
                  exchange on which a party’s shares are listed or traded to the extent
                  required by the rules of such
                  exchange.

              

      

       

      
        	
                12.

              	
                TERM
                  OF AGREEMENT

              
	 	 	 
	 	
                This
                  Agreement is effective from the Effective Date and shall continue
                  for the
                  life of any Title Document in which the parties hold their interest
                  as
                  provided herein and any extensions or renewals of such Title
                  Document whether by production or otherwise and until final settlement
                  of
                  accounts has been made among the
                  parties.

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	
                13.

              	
                ENTIRE
                  AGREEMENT

              
	 	 	 
	 	
                The
                  terms of this Agreement express and constitute the entire Agreement
                  among
                  the parties. No implied covenant or liability is created or shall
                  arise by
                  reason of this Agreement or anything herein
                  contained.

              

      

       

      
        	
                14.

              	
                COVENANTS
                  RUN WITH THE LAND

              
	 	 	 
	 	
                All
                  terms and provisions of this Agreement shall run with and be binding
                  upon
                  the Joint Lands during the term
                  hereof.

              

      

       

      
        	
                15.

              	
                ENUREMENT

              
	 	 	 
	 	
                This
                  Agreement shall be binding upon and enure to the benefit of the
                  parties
                  hereto and their respective successors and
                  assigns.

              

      

       

      
        	
                16.

              	
                LAWS
                  OF ALBERTA

              
	 	 	 
	 	
                The
                  Parties agree that this Agreement shall for all purposes be construed
                  and
                  interpreted according to the laws of the Province of Alberta, and
                  that the
                  courts having jurisdiction with respect to matters relating to
                  this
                  Agreement shall be the courts of said Province, to the jurisdiction
                  of
                  which courts the parties by their execution of this Agreement do
                  hereby
                  submit.

              

      

       

      
        	
                17.

              	
                COUNTERPART
                  EXECUTION

              
	 	 	 
	 	
                This
                  Agreement may be executed by the parties in counterpart and when
                  each
                  party has executed a counterpart, all counterparts taken together
                  shall
                  constitute one agreement.

              

      

       

       

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

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

    

    

    
      	 	 	 
	 	
              DEEP
                WELL OIL & GAS, INC.

            
	 
 	 
 	 
 
	 	By:  	/s/ Steven
              Gawne
	 	
              

            
	 	
              Per:

              Steven
                Gawne, Director, President, CEO

            

    

    
      	 	 	 
	 	
              1132559
                ALBERTA LTD.

            
	 
 	 
 	 
 
	 	By:  	/s/ William
              Tighe
	 	
              

            
	 	
              Per:

              Wm
                Tighe, Director, President

            

    This
      is
      page 1 of 1 execution page attached to and forming part of a Joint Operating
      Agreement dated as of December 9, 2004 among DEEP WELL OIL & GAS, INC. and
      1132559 ALBERTA LTD.

    
 

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      “A”

    

    This
      is
      Schedule “A” attached to and forming part of a Joint Operating Agreement dated
      as of December 9, 2004 among DEEP WELL OIL & GAS, INC. and 1132559 ALBERTA
      LTD.

     

    
      
        

      

    

     

    THE
      JOINT
      LANDS

    

    

    Oil
      Sands Development Lease 7404080870
      is
      described as follows:

    Township
      92, Range 12 W5M: Sections 15, 16, 17, 18, 19, 20, 21, 28, 29, 30, 31, 32,
      33

    Oil
      Sands
      (Top of the Peace River to Base of the Pekisko) 100%

    Covering
      3328 hectares

    

    Oil
      Sands Development Lease 7404080871 is
      described as follows:

    Township
      92, Range 12 W5M: Sections 22, 26, 27, 34, 35, 36

    Oil
      Sands
      (Top of the Peace River to Base of the Pekisko) 100%

    Covering
      1536 hectares

    

    Oil
      Sands Development Lease 7404080872
      is
      described as follows:

    Township
      92, Range 13 W5M: Sections 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35,
      36

    Oil
      Sands
      (Top of the Peace River to Base of the Pekisko) 100%

    Covering
      3072 hectares

    

    

    TITLE
      DOCUMENTS

    

    Crown
      Agreement Title # 7404080870

    Fifteen
      year term commencing August 19, 2004.

    

    Crown
      Agreement Title # 7404080871

    Fifteen
      year term commencing August 19, 2004.

    

    Crown
      Agreement Title # 7404080872

    Fifteen
      year term commencing August 19, 2004.

    
 

    ENCUMBRANCES

    Crown
      Royalty payable to the Province of Alberta

    A
      six and
      one half (6.5%) Gross Overriding Royalty (GOR) payable to Nearshore Petroleum
      Corporation

    

    

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      “B”

     

    This
      is a
      Summary Schedule “B” attached to and forming part of a Joint Operating Agreement
      dated as of December 9, 2004 among DEEP WELL OIL & GAS, INC. and 1132559
      ALBERTA LTD.

    

    
      
        

      

    

    

      
        
          1990
            CAPL
            OPERATING AGREEMENT

        
 

      

      

      
        	
                CLAUSE
                  311 - Insurance Election:

              	
                A___

              	
                B
                  x

              
	 	 	 
	
                CLAUSE
                  604 - Marketing Fee:

              	
                A
                  x

              	
                B
                  ___

              
	 	 	 
	
                CLAUSE
                  903 - Casing Point Election:

              	
                A
                  x

              	
                B
                  ___

              

      

      

      CLAUSE
        1007 - Penalty for Independent Operations:

       

      1)
        Development 400 %

       

      2)
        Exploratory 500 %

      

      CLAUSE
        1010 (iv) - Well Preserving Title: 
180
        Days

      

      CLAUSE
        2201 - Notice of Service:

      

      DEEP
        WELL
        OIL & GAS, INC.

      Suite
        2600 Sun Life Plaza

      144
        - 4th
        Avenue S.W.

      Calgary,
        Alberta

      T2P
        3N4

      Attention:
        Manager. Land Administration

      Fax:
        (403) 232-1464

      

      1132559
        ALBERTA LTD.

      XXXX
        XXXX
        N.W.

      Calgary,
        Alberta

      T2S
        3E7

      Attention:
        Manager. Land Administration

      Fax:
        (403) XXX-XXXX

      

      
        	
                CLAUSE
                  2401 - Disposition of Interests:

              	
                A
                  x

              	
                B
                  ___

              
	 	 	 
	
                CLAUSE
                  2404 - Recognition upon Assignment

              	
                A
                  x

              	
                B
                  ___

              

      

      

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

    

    PASC
      ACCOUNTING PROCEDURE - 1988

    

    CLAUSE
      105 (a) Operating Advances: 10%

    

    CLAUSE
      109 - Asset Records: replace with The
      Operator shall maintain detailed asset records of Controllable Material and
      other tangible assets as it may deem necessary to prevent the potential loss
      or
      under utilization of assets.

    

    CLAUSE
      110 - Approvals: 2 or more parties, 75%

    

    CLAUSE
      202 - Labour

    b)           
      (1)
      shall
      not be be chargeable.

    (2)
      shall
      not be chargeable.

    

    CLAUSE
      203 - Employee Benefits: (b) Non-compulsory 25%

    

    CLAUSE
      217 - Warehouse Handling:

    (1)
      2.5%,
      $5,000

    (2)
      5%.

    

    CLAUSE
      302

    a)
      For
      each Exploration Project

    1. 5%
      of the
      first $ 50,000.00

    2. 3%
      of the
      next $ 100,000.00

    3. 1%
      of the
      cost exceeding the sum of (1) and (2).

    

    b)
      For
      each Drilling Well

    1. 3
      % of
      the first $ 50,000.00

    2. 2%
      of the
      next $ 100,000.00

    3. 1%
      of the
      cost exceeding the sum of (1) and (2).

    

    c)
      For
      each Construction Project:

    1. 5%
      of the
      first $ 50,000.00

    2. 3%
      of the
      next $ 100,000.00

    3. 1%
      of the
      cost exceeding the sum of (1) and (2).

    

    d)
      For
      Operating and Maintenance, per month:

    1. n/a
      of
      the Cost of Operation and Maintenance of the Joint Property; and

    2. $250
      per
      producing well per month.

    3. n/a
      flat
      rate...

    Rates
      in
      sub clauses d(2) and d(3) will not be adjusted

    

    Article
      IV Pricing of Joint Material Purchases, Transfers and Dispositions: $
      35,000

     

    CLAUSE
      501 - Periodic Inventory: at its discretion but not less than five (5) year
      intervals.

    
 

    FEDERAL
      GOODS AND SERVICES TAX (GST) ELECTION

    

    ,Each
      party authorizes the Operator to make the election jointly and account for
      GST
      under subsection 273(1) of the Excise Act.

    

    

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      “C”

     

    This
      is a
      Summary Schedule “C” attached to and forming part of a Joint
      Operating

    Agreement
      dated as of December 9, 2004 among DEEP WELL OIL & GAS, INC. and 1132559
      ALBERTA LTD.

     

    
      
        

      

    

     

    ASSIGNMENT
      PROCEDURE CAPL - -1993

    

    Attached
      to and forming part of the Agreement dated March 29, 2004

    BETWEEN(AMONG)

    

    DEEP
      WELL
      OIL & GAS, INC.

    

    and

    

    1132559
      ALBERTA LTD.

    

    

    ARTICLE
      I

    

    DEFINITIONS

     

     

    
      
        	
                1.01

              	In
                this
                Assignment Procedure, the following terms, when capitalized, - shall
                have
                the meaning assigned to each below:
	 	 	 
	
                (a)

              	
                “Affiliate”
                  - for the purposes of this Assignment Procedure, means a corporation
                  or
                  partnership that is affiliated with the party in respect of which
                  the
                  expression is being applied, and, for the purpose of this definition
                  a
                  corporation or partnership is affiliated with another corporation
                  or
                  partnership if it directly or indirectly controls or is controlled
                  by that
                  other corporation or partnership, and for the purpose of determining
                  whether a corporation or partnership is so controlled, it shall
                  be deemed
                  that:

              
	 	 	 
	 	
                (i)

              	
                a
                  corporation is directly controlled by another corporation or partnership
                  if the shares of the corporation to which are attached more than
                  50% of
                  the votes that may be cast to elect directors of the corporation
                  are
                  beneficially owned by that other corporation or partnership and
                  the votes
                  attached to those shares are sufficient, it exercised, to elect
                  a majority
                  of the directors of the corporation;

              
	 	 	 
	 	
                (ii)

              	
                a
                  partnership is directly controlled by a corporation or other partnership
                  if that corporation or partnership beneficially owns more than
                  a 50%
                  interest in the partnership;

              
	 	 	 
	 	
                (iii)

              	
                a
                  corporation or partnership is indirectly controlled by another
                  corporation
                  or partnership if control, as defined above, is exercised through
                  one or
                  more other corporations or partnerships.

              
	 	 	 
	
                Where
                  two or more corporations or partnerships are affiliated at the
                  same time
                  with the same corporation or partnership, they shall be deemed
                  to be
                  Affiliates of each other.

              
	 	 	 
	
                (b)

              	
                “Agreement”
                  - means the agreement to which this Assignment Procedure is attached
                  and
                  made a part.

              
	 	 	 
	
                (c)

              	
                “Assigned
                  Interest” - means the interest in the Agreement which is the subject of an
                  assignment and which is specified in a Notice of Assignment, but
                  shall not
                  include rights of the Assignor as operator.

              
	 	 	 
	
                (d)

              	
                “Assignee”
                  - means the entity named in a Notice of Assignment as the
                  Assignee.

              
	 	 	 
	
                (e)

              	
                “Assignment
                  and Novation Agreement” - means an agreement by all parties to the
                  Agreement and a party to whom an interest in the Agreement has
                  been
                  assigned where:

              
	 	 	 
	 	
                (i)

              	
                the
                  assignee assumes the duties and obligations of the assignor for
                  the
                  Assigned Interest; and

              
	 	 	 
	 	
                (ii)

              	
                the
                  assignor is released from its duties for the Assigned Interest;
                  and

              
	 	 	 
	 	
                (iii)

              	
                the
                  assignee is substituted as a party to the Agreement in the place
                  of the
                  assignor to the extent of the Assigned Interest.

              
	 	 	 
	
                (f)

              	
                “Assignor”
                  - means the party to the Agreement named in a Notice of Assignment
                  as the
                  Assignor.

              
	 	 	 
	
                (g)

              	
                “Binding
                  Date” - means the first day of the second calendar month following the
                  month in which the Notice of Assignment is served in accordance
                  with
                  Article IV below.

              
	 	 	 
	
                (h)

              	
                “Notice
                  of Assignment” - means a ‘notice in the form entitled Notice of Assignment
                  attached hereto as Appendix A.

              
	 	 	 
	
                (i)

              	
                “Third
                  Party” - means the parties to the Agreement who are not the
                  Assignor.

              
	 	 	 
	
                (j)

              	
                “Transfer
                  Date” - means the effective date of the transfer of the Assigned Interest,
                  as specified in the Notice of Assignment.

              
	 	 	 
	
                1.02

              	
                In
                  this Assignment Procedure, when a numbered clause or Article is
                  referred
                  to, that clause or Article is of this Assignment
                  Procedure.

              

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

    

     

    ARTICLE
      II

    APPLICATION,
      CONDITIONS AND FORM OF NOTICE

    

    2.01(a)
      A
      Notice of Assignment issued in accordance with this Assignment Procedure shall
      be used in place of an Assignment and Novation Agreement for assignments where
      the Agreement:

    
      
        	 	
                (i)

              	
                requires
                  parties to use; or

              

      

       

      
        	 	
                (ii)

              	
                entitles
                  parties to request; or

              

      

       

      
        	 	
                (iii)

              	
                is
                  silent as to the right of any party to
                  request;

              

      

    

     

    
      
        	
                an
                  Assignment and Novation Agreement.

              
	 	 	 	 
	
                (b)

              	
                The
                  Notice of Assignment shall be in the form indicated in Appendix
                  A and
                  shall be executed by the Assignor and the Assignee.

              
	 	 	 	 
	
                2.02

              	
                If
                  there is a conflict between the Assignment Procedure and the provisions
                  of
                  the Agreement, the Assignment
                  Procedure shall prevail.

              
	
                 

              	 	 	 
	 	 	 	 
	
                2.03

              	
                If
                  the Agreement requires each Third Party’s consent to an assignment but
                  does not specify a time within which each Third Party shall respond
                  or
                  shall be deemed to have responded, then consent of each Third Party
                  to an
                  assignment shall be deemed if it fails to reply within 20 days
                  of receipt
                  of a written request for consent.

              
	 	 	 	 
	
                2.04(a)

              	
                If
                  the Agreement is silent regarding rights of first refusal or consent
                  from
                  Third Party which relates to an Assigned Interest, then Assignor
                  shall, by
                  notice pursuant to Article IV:

              
	 	 	 	 
	 	
                (i)

              	
                advise
                  Third Party of:

              
	 	 	 	 
	 	 	
                a.

              	
                its
                  intention to make the disposition;

              
	 	 	 	 
	 	 	
                b.

              	
                a
                  description of the Assigned Interest; and

              
	 	 	 	 
	 	 	
                c.

              	
                the
                  identity of the proposed Assignee, and

              
	 	 	 	 
	 	
                (ii)

              	
                request
                  Third Party’s written consent to such disposition, which consent shall not
                  be unreasonably withheld.

              
	 	 	 	 
	
                Consent
                  of each Third Party shall be deemed if it fails to reply to Assignor
                  within 20 days of receipt of the written
                  request for consent.

              
	 	 	 	 
	
                (b)
                  Clause 2.04 (a) shall not apply in the following instances,
                  namely:

              
	 	 	 	 
	 	(i)	
                
                  an
                    assignment made by way of security for present or future indebtedness,
                    or
                    liabilities (whether contingent, direct or indirect and whether
                    financial
                    or otherwise), the issuance of the bonds or debentures of a corporation.
                    of the performance of the obligations of a guarantor under a
                    guarantee,
                    provided that in the event the security is enforced by a sale
                    or
                    foreclosure. Clause 2.04 (a) shall apply; or

                

              
	 	 	 	 
	 	
                (ii)
 	
                an
                  assignment to an Affiliate, or in consequence of a merger or amalgamation
                  with another corporation or pursuant to an assignment made by a
                  party of
                  its entire interest in the Agreement to a
                  corporation in return for shares in that corporation or to a registered
                  partnership in return for an interest in that partnership;
                  or

              
	
                 

              	 	 	 
	 	(iii)	
                an
                  assignment is required within the terms of the Agreement (such
                  as, but not
                  limited to, abandonment, forfeiture or surrender).

              
	 	 	 	 
	
                2.05

              	
                An
                  assignment of an Assigned Interest shall (subject to Clause 2.06)
                  be
                  effective against Third Party on the Binding Date if:

              
	 	 	 	 
	
                (a)

              	
                all
                  prohibitions, limitations or conditions (such as, but not limited
                  to, a
                  right of first refusal or a requirement for prior consent from
                  Third
                  Party) applying to the Assigned Interest have been complied with
                  and
                  satisfied pursuant to the Agreement, or waived by Third Party,
                  including,
                  if applicable, compliance with Clauses 2.03 and 2.04;
                  and

              
	 	 	 	 
	
                (b)

              	
                following
                  compliance with Clause 2.05(a), a Notice of Assignment is served
                  on Third
                  Party in accordance with Article IV.

              
	 	 	 	 
	
                2.06(a)

              	
                A
                  Third Party who objects to the Notice of Assignment on the basis
                  of a
                  failure to comply with Clause 2.05 may, prior to the Binding Date,
                  notify
                  (pursuant to Article IV) Assignor and Third Party of its
                  objections.

              
	 	 	 	 
	
                (b)

              	
                If
                  a notice of objection is served pursuant to Clause 2.06(a), the
                  Notice of
                  Assignment to which the notice of objection relates will be of
                  no
                  effect.

              
	 	 	 	 
	
                (c)

              	
                If
                  a Third Party does not object pursuant to Clause 2.06(a), the Notice
                  of
                  Assignment will be effective for purposes of Article 11\, but each
                  Third
                  Party will retain all other rights or remedies arising as a consequence
                  of
                  the failure of Assignor to comply with Clause 2.05, including (without
                  limitation), rights to seek damages for breach
                  of the Agreement and rights to seek specific performance of a right
                  of
                  first refusal.

              

      

    

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

    

    ASSIGNMENT,
      ASSUMPTION AND DISCHARGE BY NOTICE

    

      
        	
                3.01

              	
                If
                  a Notice of Assignment has become effective in accordance with
                  Clauses
                  2.05 or 2.06, then Assignor, Assignee and Third Party shall have
                  agreed
                  that:

              
	 	 	 
	
                (a)

              	
                Subject
                  to Clause 3.01 (d), Assignor and Assignee shall have acknowledged
                  and
                  represented that the Assignor has transferred, assigned and conveyed
                  the
                  Assigned Interest to Assignee as of the transfer Date.

              
	 	 	 
	
                (b)

              	
                Subject
                  to Clause 3.01(d), Assignee shall replace Assignor as a party to
                  the
                  Agreement with respect to the Assigned Interest on and after the
                  Transfer
                  Date.

              
	 	 	 
	
                (c)

              	
                Only
                  insofar as Third Party is concerned, notwithstanding the terms
                  and
                  provisions in the “Transfer Agreement” referenced in the Notice of
                  Assignment:

              
	 	 	 
	
                 

              	
                
                  (i)

                

              	 Subject
                to Clause 3.01 (d), Assignee shall assume and be bound by, observe
                and
                perform all terms, obligations and provisions in the Agreement with
                regard
                to the Assigned Interest at all times on or after the Transfer Date;
                and
	 	 	 
	 	
                (ii)

              	
                Assignor
                  shall retain and be entitled to all rights, benefits and privileges
                  under
                  the Agreement with respect to the Assigned Interest at all times
                  prior to
                  the Transfer Date; and

              
	 	 	 
	 	
                (iii)

              	
                Subject
                  to Clause 3.01 (d), Assignee shall assume and be entitled to all
                  rights,
                  benefits and privileges under the Agreement with respect to the
                  Assigned
                  Interest at all times on and after the Transfer Date.

              
	 	 	 
	
                (d)

              	
                In
                  all matters relating to the Assigned Interest subsequent to the
                  Transfer
                  Date and prior to the Binding Date, Assignor acts as trustee for
                  and duly
                  authorized agent of Assignee, and Assignee, for the benefit of
                  Third
                  Party, ratifies, adopts and confirms all acts or omissions of the
                  Assignor
                  in such capacity as trustee and agent. Third Party agrees to recognize
                  and
                  accept Assignor as trustee and agent for Assignee.

              
	 	 	 
	
                (e)

              	
                On
                  and after the Transfer Date, Third Party:

              
	 	 	 
	 	
                (i)

              	
                releases
                  and discharges Assignor from the observance and performance of
                  all terms
                  and covenants of the Agreement and all obligations and liabilities
                  which
                  arise or occur on or after the Transfer Date under the Agreement
                  with
                  respect to the Assigned Interest; and

              
	 	 	 
	 	
                (ii)

              	
                does
                  not release and discharge Assignor from any obligation or liability
                  which
                  had arisen or accrued prior to the Transfer Date or which does
                  not relate
                  to the Assigned Interest.

              
	 	 	 
	
                (f)

              	
                Subject
                  to the terms and provisions of the “Transfer Agreement” referenced in the
                  Notice of Assignment, Assignee on and after the Transfer
                  Date:

              
	 	 	 
	 	
                (i)

              	
                releases
                  and discharges Assignor from the observance and performance of
                  all terms
                  and covenants of the Agreement and all obligations and liabilities
                  which
                  arise or occur on or after the Transfer Date under the Agreement
                  with
                  respect to the Assigned Interest; and

              
	 	 	 
	 	
                (ii)

              	
                does
                  not release and discharge Assignor from any obligation or liability
                  which
                  had arisen or accrued prior to the Transfer Date or which does
                  not relate
                  to the Assigned Interest.

              
	 	 	 
	
                (g)

              	
                The
                  address of Assignee for the purposes of the Agreement and the serving
                  of
                  notices under it shall be the address stated for Assignee in the
                  Notice of
                  Assignment.

              
	 	 	 
	
                (h)

              	
                The
                  Agreement shall continue in full force and effect from and after
                  the
                  Transfer Date with Assignee made a party thereto to the extent
                  of the
                  Assigned Interest, subject to Clause 3.01(d). The Agreement is
                  amended as
                  necessary to give effect to the Notice of Assignment and, as so
                  amended,
                  is ratified and confirmed by each party.

              
	 	 	 
	
                3.02

              	
                In
                  no event shall errors, inaccuracies or misdescriptions in a Notice
                  of
                  Assignment have any effect on the Third Party or the interests
                  of Third
                  Party in the Agreement, even if Third Party has knowledge of an
                  error,
                  inaccuracy or misdescription.

              
	 	 	 
	
                3.03

              	
                Assignor
                  and Assignee shall be solely responsible for any adjustment between
                  themselves with respect to the Assigned Interest as to revenues,
                  benefits,
                  costs, obligations or indemnities which accrue prior to Binding
                  Date

              

      

    

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

ARTICLE
      IV

    

    SERVICE
      OF NOTICES

     

     

    

      
        	 	 	 
	
                4.01

              	
                All
                  notices and Notices of Assignment (herein called “notices”) required or
                  permitted by the terms of this Assignment Procedure shall be in
                  writing,
                  subject to the provisions of this Article. This Article applies
                  only to
                  notices served pursuant to this Assignment Procedure. Any notice
                  to be
                  given under this Assignment Procedure shall be deemed to be served
                  properly if served in any of the following modes:

              
	 	 	 
	
                (a)

              	
                personally,
                  by delivering the notice to the party on whom it is to be served
                  at that
                  party’s address for service. Personally served notices shall be deemed
                  received by the addressee when actually delivered as aforesaid,
                  if such
                  delivery is during normal business hours, on any day other than
                  a
                  Saturday, Sunday or statutory holiday. If a notice is not delivered
                  during
                  normal business hours, such notice shall be deemed to have been
                  received
                  by such party at the commencement of the day next following the
                  date of
                  delivery, other than a Saturday, Sunday or statutory holiday;
                  or

              
	 	 	 
	
                (b)

              	
                by
                  telecopier or telex (or by any other like method by which a written
                  and
                  recorded message may be sent) directed to the party on whom it
                  is to be
                  served at that party’s address for service (however, an original executed
                  copy of a Notice of Assignment shall subsequently be provided to
                  all
                  addressees without delay). A notice so served shall be deemed received
                  by
                  the respective addressees:

              
	 	 	 
	 	
                (i)

              	
                when
                  actually received by them, if received within the normal business
                  hours on
                  any day other than a Saturday, Sunday or statutory holiday;
                  or

              
	 	 	 
	 	
                (ii)

              	
                at
                  the commencement of the next ensuing business day following transmission
                  thereof if such notice is not received during such normal business
                  hours;
                  or

              
	 	 	 
	
                (c)

              	
                by
                  mailing it first class (air mail if to or from a location outside
                  of
                  Canada) registered post, postage prepaid, directed to the party
                  on whom it
                  is to be served at that party’s address for service. Notices so served
                  shall be deemed to be received by the addressees at noon, local
                  time, on
                  the earlier of the actual date of receipt or the fourth (4th) day
                  (excluding Saturdays, Sundays and statutory holidays) following
                  mailing.
                  However, if postal service is interrupted or operating with unusual
                  or
                  imminent delay, notice shall not be served by such means during
                  such
                  interruption or period of delay.

              
	 	 	 
	
                4.02

              	
                The
                  addresses for service of a notice pursuant to this Assignment Procedure
                  shall be as set out (and amended from time to time) in the
                  Agreement.

              

      

    

    

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

    CAPL
      -
      1993

    

    (Appendix
      A to the 1993 CAPL ASSIGNMENT PROCEDURE)

    

    NOTICE
      OF
      ASSIGNMENT

    ___________________________________

    ___________________________________

    ___________________________________

    (For
      reference only: general land description)

    

    

    WHEREAS,
      by agreement (“Transfer Agreement”) dated this ___ day of
      __________________,200_, ________________________(full
      name
      of Assignor[s]),
      as
      Assignor, transferred and conveyed effective on __day of _______________,200_,
      (“Transfer Date”) an interest in property as more fully described below to
      ___________________________(full
      name
      of Assignees [s]),
      as
      Assignee; and

    

    

    

    WHEREAS,
      Assignor and one or more parties (“Third Party”) are subject to and bound by
      that certain _______________________
      agreement dated__day of _____________,200_, made between, by or
      among

    _____________________________________________________________________________________
      as
      may
      have been amended, affecting the land or property therein described (“Master
      Agreement”); and

    

    

    

    WHEREAS,
      in accordance with the terms and provisions of the Master Agreement, Assignor
      and Assignee
      intend to serve notice to Third Party to the Master Agreement of the transfer
      and conveyance as described in the Transfer Agreement

    

    

    

    NOW,
      THEREFORE, THIS NOTICE OF ASSIGNMENT WITNESSES THAT in consideration of the
      mutual advantages
      to the parties hereto, notice is hereby given, as follows:

     

    
      
        	
                1.

              	
                Assignor
                  (specify proportions if more than one
                  Assignor):

              

      

     

     

     

     

    
      	
              2.

            	
              Assignee
                (specify proportions if more than one Assignee and include address
                for
                service of notice pursuant to Master
                Agreement):

            

    

     

     

     

     

    
 

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    

      	
              3.

            	
              Current
                Third Party to Master Agreement:

            

    

    
 

     

     

     

     

    
      	
              4.

            	
              Assigned
                Interest: (Check A or B below):

            

    

    
 

    

     

    
 

    _____A. Transfer
      Agreement covers ______% of Assignor’s entire undivided right, title and
      interest in the Master Agreement but shall not include rights of the Assignor
      as
      operator (“Assigned Interest”); OR

    

    

    

    _____B. Transfer
      Agreement covers a portion of Assignor’s right, title and interest in the Master
      Agreement but shall not include rights of the Assignor as operator (“Assigned
      Interest”). In the event Alternative B is checked, the following is the legal
      description of all lands and interests transferred and conveyed in the Transfer
      Agreement (attach schedule if more space is needed):

    

    

    

    

    

     

    
      	
              5.

            	
              Subject
                to Clause 7 of this Notice of Assignment, Assignor and Assignee,
                in
                accordance with the terms of the Transfer Agreement, acknowledge
                that:

            

    

     

    
      
        	 	
                (i)

              	
                Assignor
                  has transferred and conveyed the Assigned Interest to the Assignee
                  as of
                  the Transfer Date; and

              
	 	 	 
	 	
                (ii)

              	
                Assignee
                  agrees to replace Assignor, on and after the Transfer Date, as
                  a party to
                  the Master Agreement with respect to the Assigned Interest;
                  and

              
	 	 	 
	 	
                (iii)

              	
                Assignee
                  agrees to be bound by and observe all terms, obligations and provisions
                  in
                  the Master Agreement with respect to the Assigned Interest on and
                  after
                  the Transfer Date.

              

      

       

    

    

    
      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      
        	
                6.

              	
                Subject
                  to the terms and provisions of the Transfer Agreement, Assignee
                  on and
                  after the Transfer

              

      

      Date:

       

      
        
          	 	
                  (i)

                	
                  discharges
                    and releases the Assignor from the observance and performance
                    of all terms
                    and covenants in the Master Agreement and any obligations and
                    liabilities
                    which arise or occur under the Master Agreement with respect
                    to the
                    Assigned Interest, and

                
	 	 	 
	 	
                  (ii)

                	does not
                  release and
                  discharge the Assignor from any obligation or liability which had
                  arisen
                  or accrued prior to the Transfer Date or which does not relate
                  to the
                  Assigned Interest.

        

      

    

     

    
      	
              7.

            	
              Assignee
                and Assignor agree that in all matters relating to the Master Agreement
                with respect to the Assigned Interest, subsequent to the Transfer
                Date and
                prior to the Binding Date, Assignor acts as trustee for and duly
                authorized agent of the Assignee and Assignee, for the benefit of
                the
                Third Party, ratifies, adopts and confirms all acts or omissions
                of the
                Assignor in such capacity as trustee and
                agent.

            

    

     

    
      	
              8.

            	
              This
                Notice of Assignment shall become binding on all parties to the Master
                Agreement on the first day of the second calendar month following
                the
                month this notice is served on Third Party in accordance with the
                terms of
                the Master Agreement (“Binding Date-). In addition, Assignor and Assignee
                agree that they shall be solely responsible for any adjustment between
                themselves with respect to the Assigned Interest as to revenues,
                benefits,
                costs, obligations or indemnities which accrue prior to the Binding
                Date.

            

    

    

      	
              9.

            	
              Assignor
                represents and certifies that this Notice of Assignment and its service
                are in compliance with all the terms and provisions of the Master
                Agreement.

            

    

     

    IN
      WITNESS WHEREOF this Notice of Assignment has been duly executed by the Assignor
      and Assignee on the date indicated for each below:

    
 

    
      	
              Assignor

            	 	
              Assignee

            
	 	 	 	 	 
	
              Per:

            	 	 	
              Per:

            	 
	 	 	 	 	 
	
              Per:

            	 	 	
              Per:

            	 
	 	 	 	 	 
	 	 	 	 	 
	
              Date:

            	 	 	
              Date:

            	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    

    
      
        
        

      

      
        15Exhibit
      10.8

    

    FARMOUT
      AGREEMENT

    

    THIS
      AGREEMENT dated as of the 25th
      day
      of
      February 2005.

    

    BETWEEN:

    

    DEEP
      WELL OIL & GAS, INC.,
      a
      Nevada corporation extra-provincially registered in Alberta (“Deep
      Well”)
      and
NORTHERN
      ALBERTA OIL LTD.,
      an
      Alberta corporation (“Northern”)

    

    (collectively,
      the “Farmor”)

    

    AND:

    

    SURGE
      GLOBAL ENERGY (CANADA), LTD.,
      an
      Alberta corporation and
      SURGE GLOBAL ENRGY INC. a Delaware corporation
      (collectively, the “Farmee”)

    

    WHEREAS
      the Farmee desires the right to acquire an interest in the Title Documents
      and
      the Farmout Lands upon the terms and conditions herein set forth.

    

    The
      Parties agree as follows:

    

    ARTICLE
      1

    INTERPRETATION

    

    
      	
              1.1

            	
              Each
                capitalized term used in this Head Agreement will have the meaning
                given
                to it in the Farmout & Royalty Procedure and, in
                addition:

            

    

    

    
      	 	
              (a)

            	
              “6.5
                Section Block”
                means those lands designated as such in Schedule
                “A”;

            

    

    

    
      	 	
              (b)

            	
               “32
                Section Block”
                means those lands designated as such in Schedule
                “A”;

            

    

    

    
      	 	
              (c)

            	
              “31
                Section Block”
                means those lands designated as such in Schedule
                “A”;

            

    

    

    
      	 	
              (d)

            	
              “Assignment
                Procedure”
                means the 1993 CAPL Assignment Procedure which will be deemed to
                apply as
                if it had been included as a separate schedule to this
                Agreement;

            

    

    

    
      	 	
              (e)

            	
              “Assumption
                of Liabilities and Indemnity Agreement”
                means agreement entitled Assumption of Liabilities and Indemnity
                Agreement
                dated as of February 18, 2005 pursuant to which Farmor undertakes
                to be
                solely responsible for the Nearshore ORR as it pertains to the Farmee’s
                interests in the Farmout Lands and to indemnify and save Farmee harmless
                from any and all claims and demands made by Nearshore Petroleum
                Corporation (or any person claiming by, through or under it) in respect
                of
                the Nearshore ORR;

            

    

    

    
      	 	
              (f)

            	
              “Conditions
                Satisfaction Date”
                means the date on which all conditions in Section 2.1 have been
                satisfied;

            

    

    

    
      	 	
              (g)

            	
              “Contract
                Depth”
                means, with respect to each well drilled by Farmee under this Agreement,
                a
                vertical wellbore to a depth sufficient to penetrate 15 meters into
                the
                top of the Wabamun formation or to a subsurface depth of 800 meters
                whichever shall first occur, followed by a minimum 600 meter horizontal
                wellbore within the Bluesky
                Formation;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (h)

            	
              “Earning
                Period”
                means a period of 24 months following the Conditions Satisfaction
                Date;

            

    

    

    
      	 	
              (i)

            	
              “Effective
                Date” means
                February 17, 2005;

            

    

    

    
      	 	
              (j)

            	
              “Encumbrances” means
                the royalty interests described under that heading in Schedule
                “A”;

            

    

    

    
      	 	
              (k)

            	
              “Existing
                32 Section Block JOA”
                means the Joint Operating Agreement made as of April 26, 2004 originally
                between Northern Alberta Oil Ltd. (formerly Mikwec Energy Canada
                Limited
                by name change) having an 80% participating interest and Pan Orient
                Energy
                Ltd. (formerly Maxen Petroleum Inc. by name change) having a 20%
                participating interest pertaining to the 32 Section
                Block;

            

    

    

    
      	 	
              (l)

            	
              “Existing
                31 Section Block JOA”
                means the Joint Operating Agreement made as of December 9th, 2004
                among
                Deep Well having an 80% participating interest, Pan Orient Energy
                Ltd.
                having a 10% participating interest (Execution Pending) and 1132559
                Alberta Ltd. having a 10% participating interest (Executed) pertaining
                to
                the 31 Section Block;

            

    

    

    
      	 	
              (m)

            	
              “Existing
                JOAs”
                means, collectively, the Existing 32 Section Block JOA and the Existing
                31
                Section Block JOA;

            

    

    

    
      	 	
              (n)

            	
              “Farmor’s
                Pre-Farmout Working Interests”
                means the interests shown under that heading in Schedule
                “A”;

            

    

    

    
      	 	
              (o)

            	
              “Farmout
                Lands”
                means the lands shown under the heading Farmout Lands in Schedule
“A”,
                provided that the “Farmout Lands” shall not include the 6.5 Section Block
                lands unless or until the Farmor acquires a legal or beneficial interest
                in the Title Documents that comprise the 6.5 Section
                Block;

            

    

    

    
      	 	
              (p)

            	
              “Farmout
                & Royalty Procedure” means
                the 1997 CAPL Farmout & Royalty Procedure including the elections and
                revisions thereof, which are attached to this Head Agreement as Schedule
                “B”;

            

    

    

    
      	 	
              (q)

            	
              “Head
                Agreement”
                means this Agreement other than the
                Schedules;

            

    

    

    
      	 	
              (r)

            	
              “Mutual
                Interest Lands”
                means any interest in any single parcel of petroleum and natural
                gas
                rights, oil sands leases, and oil sands permits where 50% or more
                of that
                parcel, by surface area, is within Townships 91 and 92, Ranges 12
                and 13,
                W5M;

            

    

    

    
      	 	
              (s)

            	
              “Nearshore
                ORR “
                means the 6.5% overriding royalty granted to Nearshore Petroleum
                Corporation under the Royalty Agreement dated December 12, 2003 originally
                entered into between Mikwec Energy Canada Ltd. and Nearshore Petroleum
                Corporation;

            

    

    

    
      	 	
              (t)

            	
              “Operating
                Procedure” means
                the 1990 CAPL Operating Procedure together with the 1996 PASC Accounting
                Procedure including the elections and revisions thereof, which are
                attached to this Head Agreement as Schedule
“C”;

            

    

    

    
      	 	
              (u)

            	
              “Operator”
                means Farmee;

            

    

    

    
      	 	
              (v)

            	
              “Parties”
                means Farmor and Farmee and “Party”
                means either of them, as
                applicable;

            

    

    

    
      	 	
              (w)

            	
              “Proved
                Reserves”
                means estimated volumes of crude oil, crude bitumen, oil sands, natural
                gas and gas condensates, liquids and associated substances which
                are
                expected to be retrieved from deposits and used commercially, at
                the
                economic and technical conditions applicable at the time and according
                to
                current legislation, and includes:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (i)

            	
              proved
                developed reserves, which are amounts of hydrocarbons that are expected
                to
                be retrieved through existing wells, facilities and operating methods;
                and

            

    

    

    
      	 	
              (ii)

            	
              undeveloped
                proved reserves, which are amounts of hydrocarbons that are expected
                to be
                retrieved following new drilling, facilities and operating methods;
                and

            

    

    

    
      	 	
              (x)

            	
              “Title
                Documents” means
                the documents of title under the heading Title Documents described
                in
                Schedule “A” attached hereto.

            

    

    

    
      	
              1.2

            	
              The
                following Schedules are attached to, and made part of this
                Agreement:

            

    

     

    
      	
              Schedule
                “A” -

            	
               

            	
              Description
                of the Farmout Lands, Farmor’s Pre-Farmout Working Interests, the Title
                Documents and Encumbrances;

            
	
               

            	
               

            	
               

            
	
              Schedule
                “B”

            	
               

            	
              Farmout
                & Royalty Procedure elections and amendments;

            
	
               

            	
               

            	
               

            
	
              Schedule
                “C”

            	
               

            	
              Operating
                Procedure elections and amendments;

            
	
               

            	
               

            	
               

            
	
              Schedule
                15.1(f)

            	
               

            	
              Outstanding
                Authorizations for Expenditure

            
	
               

            	
               

            	
               

            
	
              Schedule
                15.1(k)

            	
               

            	
              Areas
                of Mutual Interest

            

    

     

    ARTICLE
      2

    CONDITIONS
      PRECEDENT TO FARMEE’S OBLIGATIONS

    

    
      	
              2.1

            	
              Farmee’s
                obligations under this Agreement shall commence once each of the
                following
                conditions precedent have been
                satisfied:

            

    

    

    
      	 	
              (a)

            	
              Farmor
                having conveyed to Farmee a 40% undivided interest in the Title Documents
                and Farmee having had transfers accepted for registration evidencing
                Farmee as a registered lessee of a 40% undivided interest in each
                of the
                Title Documents, in each case free and clear of all royalties, burdens,
                claims, encumbrances and other adverse interests of any nature or
                kind
                whatsoever, other than the
                Encumbrances;

            

    

    

    
      	 	
              (b)

            	
              (1)
                Farmee shall have received a fully executed copy of the Assumption
                of
                Liabilities and Indemnity
                Agreement;

            

    

    

    (2)
      Farmor shall dedicate proceeds of this agreement to retiring mortgage provided
      by 258662 Alberta Ltd. (Maximum $1,400,000.00 Canadian)

    

    
      	 	
              (c)

            	
              Farmor
                shall use best efforts to obtain a fully executed copy of the Existing
                31
                Section Block JOA and the terms of such agreement and the parties
                thereto
                shall be satisfactory to Farmee, acting
                reasonably;

            

    

    

    
      	 	
              (d)

            	
              Farmee
                shall have received a fully executed copy of an agreement between
                Nearshore Petroleum Corporation and Northern terminating the
                Non-Disclosure/Area of Exclusion Agreement dated November 19, 2003
                between
                those parties.

            

    

    

    
      	 	
              (e)

            	
              Execution
                of satisfactory Escrow Agreement and satisfactory evidence of completion
                of Surge financing or sufficient funds to complete the drilling of
                the
                Test Well, as soon as practical following execution
                hereof.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    ARTICLE
      3

    TEST
      WELL

    

    
      	
              3.1

            	
              Farmee
                shall, at its sole cost, risk and expense, and subject to having
                obtained
                a rig, all necessary surface access and Regulatory approvals, Spud
                the
                Test Well at a location of its choice on the Farmout Lands on or
                before
                150 days following the execution hereof and drill the Test Well to
                Contract Depth.

            

    

    

    
      	
              3.2

            	
              Subject
                to Article 3.00 of the Farmout & Royalty Procedure and Article 20 of
                this Agreement, Farmee will earn 50% of Farmor’s Pre-Farmout Working
                Interest in the section of land on which the Test Well is situated
                together with 50% of the Farmor’s Pre-Farmout Working Interest in 5
                additional sections of the Farmout Lands which are selected by Farmee
                not
                later than 90 days following the completion or abandonment, as applicable,
                of the Test Well.

            

    

    

    ARTICLE
      4

    OPTION
      WELL

    

    
      	
              4.1

            	
              Within
                60 days of rig release of the Test Well, Farmee shall have the right,
                on
                notice to Farmor, to elect to undertake the drilling of an Option
                Well.
                Farmee shall Spud the Option Well at a location selected by Farmee
                and
                Farmor acting reasonably on Farmout Lands not yet earned by Farmee
                within
                60 days of the date of the Farmee’s election notice (conditional upon rig
                availability, Regulatory approvals and surface access). Farmee shall
                continuously drill the Option Well to Contract
                Depth.

            

    

    

    
      	
              4.2

            	
              Subject
                to Article 3.00 of the Farmout & Royalty Procedure and Article 20 of
                this Agreement, Farmee will earn 50% of Farmor’s Pre-Farmout Working
                Interest in the section of land on which the Option Well is situated
                together with 50% of the Farmor’s Pre-Farmout Working Interest in 5
                additional sections of the Farmout Lands which are selected by Farmee
                and
                Farmor, acting reasonably, not later than 90 days following the completion
                or abandonment, as applicable, of the Option
                Well.

            

    

    

    ARTICLE
      5

    ROLLING
      OPTION TO DRILL

    

    
      	
              5.1

            	
              Farmee
                shall have a continuous rolling option, during the Earning Period,
                to
                elect to drill additional Option Wells on the remaining unearned
                Farmout
                Lands in accordance with Article 4 hereof, until all of the Farmout
                Lands
                are earned or until Farmee’s right to further earning under this Agreement
                is terminated. In respect of each Option Well which Farmee wishes
                to
                drill, Farmee must elect to drill the next Option Well by giving
                notice to
                Farmor within 90 days of rig release of the most recently drilled
                Option
                Well. All terms and conditions of this Agreement which apply to the
                Option
                Well shall apply, mutatis
                mutandis,
                to any additional Option Wells drilled by Farmee hereunder, provided
                that
                if Farmee drills a total of 8 Option Wells, it will have earned (to
                that
                point in time) a 40% undivided interest in 54 sections of the Farmout
                Lands. Notwithstanding Section 4.2, if Farmee drills a 9th
                Option Well, it will earn 50% of the Farmor’s Pre-Farmout Working Interest
                in the 9.0 remaining sections (which were not earned by the drilling
                of
                the Test Well and the prior 8 Option
                Wells).

            

    

    

    ARTICLE
      6

    EXISTING
      JOAs AND OPERATIONS NOTICES

    

    
      	
              6.1

            	
              Promptly
                following each determination by Farmee that it intends to drill a
                well
                under this Agreement, Farmor shall issue an operation notice (prepared
                by
                Farmee) pursuant to Article X (Independent Operations) of the applicable
                Existing JOA and, thereafter, promptly advise Farmee whether either
                or
                both of the other Joint-Operators under the Existing JOA have elected
                or
                not elected (or are deemed to have elected or not elected) to participate
                or not participate in the drilling of that well.
                If:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (a)

            	
              either
                or both of such Joint-Operators are participating in the operation,
                Farmor
                shall provide all assistance requested by Farmee in respect of such
                Joint-Operator(s) including, without limitation, (1) by electing
                to
                participate in the operation (in order that Farmee can share in any
                participating interest of a non-participating party), and (2) by
                issuing
                and collecting cash calls for costs of operations (to the extent
                of
                Farmor’s rights under the applicable Existing JOA);
                and

            

    

    

    
      	 	
              (b)

            	
              either
                or both of such Joint-Operators are not participating, Farmee will
                be
                required to pay the non-participant’s share of the cost of the operation
                (to the extent not assumed by another participating party) and Farmee
                shall be entitled to all benefits associated with such non-participation
                including, without limitation, the right to receive the full amount
                of the
                penalty attributable to such non-participation in accordance with
                Clause
                1007 and the other provisions of the applicable Existing
                JOA.

            

    

    

    ARTICLE
      7

    OPERATING
      PROCEDURE

    

    
      	
              7.1

            	
              Upon
                each occurrence of earning by Farmee in a 6 section block of Farmout
                Lands
                (and as between Farmor and Farmee), such Farmout Lands and the related
                Title Documents (to the extend of such lands) will become subject
                to the
                Operating Procedure with Farmee being the initial Operator thereunder.
                Subject to Section 7.2, the Operating Procedure will govern all future
                joint operations of the Parties upon
                or with respect to such earned Farmout Lands and Title
                Documents.

            

    

    

    
      	
              7.2

            	
              Upon
                each occurrence of earning by Farmee in Farmout Lands governed by
                an
                Existing JOA, Farmor and Farmee shall take all necessary steps, using
                the
                Assignment Procedure, to have Farmee made a party to the Existing
                JOA for
                a 40% participating interest in respect of the earned Farmout
                Lands.

            

    

    

    

    NORTHERN
      AS CONTRACT OPERATOR

    

    
      	
              8.1

            	
              Until
                such time as Farmee either selects another operator to conduct operations
                on Farmee’s behalf under this Agreement or assumes such activities itself,
                Farmee and Northern agree that Northern shall conduct such operations
                on
                Farmee’s behalf as an independent contract operator. Northern shall be
                entitled to be reimbursed for all costs and expenses incurred by
                it in
                connection with acting as contractor operator, but otherwise, shall
                not be
                entitled to be paid a fee for that service). Northern represents
                and
                warrants to Farmee that Northern holds all necessary permits and
                other
                authorizations required by Northern to hold well licenses in its
                name and
                conduct such operations on the Farmout Lands (including, without
                limitation, those authorizations required from the Alberta Energy
                and
                Utilities Board).

            

    

    

    
      	
              8.2

            	
              At
                such time as Farmee elects to replace Northern or use another contract
                operator, Northern shall transfer the well licenses in its name to
                the
                successor designated by Farmee

            

    

    

    ARTICLE
      9

    AREA
      OF MUTUAL INTEREST

    

    
      	
              9.1

            	
              Article
                8.00 of the Farmout & Royalty Procedure will be in effect from
                Effective date of this agreement until the end of the Earning Period.
                Subject to that Article, the Parties will have the right to participate
                in
                an acquisition of Mutual Interest Lands in the following
                percentages:

               

              
                Farmor
                  - 50%

                

                Farmee
                  - 50%.

              

            

    

    
 

    
      	
              9.2

            	
              Without
                limiting the generality of Section 9.1, this Article 9 shall apply
                in
                respect of any interest acquired by Northern or any of its Affiliates
                pursuant to the Non-Disclosure/Area of Exclusion Letter Agreement
                dated
                April 27, 2004 between Northern and Pan Orient Energy Ltd. (formerly
                Maxen
                Petroleum Inc. by name change). Northern shall promptly advise Farmee
                of
                any opportunities available to Northern under that agreement and
                Northern
                shall, if directed by Farmee, exercise its right to acquire the available
                interest(s) (on the basis specified in Section 9.1
                above).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              9.3

            	
              Notwithstanding
                Sections 9.1 and 9.2, and for greater certainty, Article 8.00 of
                the
                Farmout & Royalty Procedure shall not apply to the acquisition by the
                Farmor of the lands comprising the 6.5 Section Block. Upon the Farmor
                acquiring legal or beneficial title to the 6.5 Section Block, such
                lands
                such constitute “Farmout Lands” for the purposes of this
                Agreement.

            

    

    

    ARTICLE
      10

    RECONVEYANCE
      OF FARMOUT LANDS

    

    
      	
              10.1

            	
              Promptly
                following the end of the Earning Period, Farmee shall convey to Deep
                Well
                or Northern, as directed by Deep Well, a 40% beneficial interest
                in those
                Farmout Lands (if any) in which Farmee has not earned an interest
                by the
                end of the Earning Period. In the event Farmee has not earned a majority
                interest in any of the lands included within a single Title Document,
                then
                Farmee shall also transfer to Deep Well or Northern in accordance
                with
                their interest as originally held, Farmee’s legal title to a 40% undivided
                interest in such Title Document. However, if Farmee has earned a
                majority
                interest in the lands within a Title Document, Farmee shall be entitled
                to
                remain as a registered lessee for that Title Document (as to a 40%
                undivided interest) but shall hold in trust for Farmor a 40% beneficial
                interest in any Farmout Lands in that Title Document not earned by
                Farmee
                under this Agreement. 

            

    

    

    
      	
              10.2

            	
              The
                40% interests conveyed by Farmee to Farmor pursuant to this Article
                shall
                be free and clear of any and all royalties, burdens, claims, encumbrances
                and other adverse interests created by, through or under Farmee including,
                without limitation, any encumbrances registered by Farmee’s lender. Farmee
                shall cause any such lender to provide no interest letters or, if
                possible, partial discharges and releases, as necessary in respect
                of any
                such 40% interests reconveyed by Farmee to
                Farmor.

            

    

    

    ARTICLE
      11

    ACQUISITION
      OF SEISMIC DATA

    

    
      	
              11.1

            	
              Upon
                completion of Farmee’s earning obligations under Article 3 (following the
                drilling of the Test Well), or at any time thereafter, and if both
                Parties
                reasonably agree that further seismic data is required prior to the
                drilling of any one or more of the Option Wells, then Farmor shall
                participate with Farmee, each as to an undivided 50% interest (or
                40%
                interest if each of the other Joint-Operators participate), in the
                shooting of additional seismic data on some or all of the Farmout
                Lands.

            

    

    

    ARTICLE
      12

    DEEP
      WELL - AGENT FOR THE FARMORS

    

    
      	
              12.1

            	
              Deep
                Well is the agent for the Farmor for all purposes under this Agreement.
                Farmee shall deal solely with Deep Well in respect of all matters
                relating
                to the Farmor or either of them. Farmee shall be entitled to rely
                solely
                on all communications from Deep Well as having been made by and on
                behalf
                of Deep Well and Northern. Northern shall be bound by all decisions,
                elections and other determinations and communications made or issued
                by
                Deep Well under this Agreement and Northern shall not communicate
                with
                Farmee under any circumstances whatsoever (and Farmee shall be entitled
                to
                disregard any such Northern
                communications).

            

    

    

    
      	
              12.2

            	
              Deep
                Well and Northern are jointly and severally liable for the performance
                of
                all obligations and liabilities of Farmor under this Agreement regardless
                of whether any particular obligation or liability pertains to either
                or
                both of the 32 Section Block or the 31 Section
                Block.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      13

    PROSPECT
      FEE

    

    
      	
              13.1

            	
              In
                recognition of the potential play developed by Farmor in respect
                of the
                Farmout Lands, Farmee shall pay to Farmor, at the following times
                and
                subject to the following legal obligations imposed on Farmee (if
                any), the
                aggregate amount of $2,000,000 USD (reduced by the deductions specified
                herein) as a prospect fee, payable as 90% to Northern and 10% to
                Deep
                Well.

            

    

    

    
      	 	
              (a)

            	
              $1,000,000
                USD payable 7 business days following the execution and delivery
                of this
                Agreement by the Parties such amount to be reduced by the aggregate
                of the
                following amounts:

            

    

    

    
      	 	
              (i)

            	
              $50,000
                USD reflecting Farmor’s agreement to pay 50% of the commissions associated
                with the payment of the first tranche of the Gemini Investment Strategies
                LLC financing (“Gemini
                Financing”);

            

    

    

    
      	 	
              (ii)

            	
              50%
                of all legal fees, disbursements and associated taxes incurred (to
                the
                date of this Agreement) by Farmee and Surge Global Energy, Inc.
                (“SRGG”)
                in connection with this Agreement and the Gemini Financing (being
                the
                legal costs of Farmee’s Calgary counsel and SRGG’s corporate, commercial
                and securities counsel in Denver and the legal fees of Gemini Investment
                Strategies LLC); and

            

    

    

    
      	 	
              (b)

            	
              $1,000,000
                USD payable upon the completion or abandonment of the first Option
                Well
                drilled by Farmee under this Agreement, such amount to be reduced
                by the
                following amount, $50,000 USD reflecting Farmor’s agreement to pay 50% of
                the commissions associated with the payment of the second tranche
                of the
                Gemini Financing

            

    

    

    In
      accordance with the Income
      Tax Act
      (Canada), Farmee shall if required by Revenue Canada withhold 15% of the amount
      of the payments made under this Section 13.1 and remit the withheld amount
      to
      the Receiver General (Canada) by the time required by the Income
      Tax Act
      (Canada)
      on account of tax payable by Farmor under the Income
      Tax Act
      (Canada).

    

    ARTICLE
      14

    SURGE
      SHARES

    

    
      	
              14.1

            	
              Pursuant
                to the Escrow Agreement to be completed by March 31st,
                2005 among Farmor, Farmee, and an escrow agent, to be retained by
                Surge.
                The appointed escrow agent will hold one or more certificates representing
                33 1/3 % of the fully diluted common shares of Surge Global Energy,
                Inc.
                (“Shares”)
                outstanding as of February 17th
                2005 (approximately 11.6 Million Surge Shares to be issued to Farmor),.
                The nature of the shares, the conversion mechanism to earn or transfer
                of
                these shares, the anti-dilutive provisions, the representations and
                warranties of the parties regarding these shares, the registration
                rights
                and obligations of the parties pertaining to these shares shall all
                be
                mutually agreed upon as part of the Escrow Agreement. The Shares
                are to be
                held by the escrow agent thereunder for delivery to Farmor when Farmor
                delivers to Farmee a reserves report (“Report”)
                for the Properties which is in form and substance satisfactory to
                Deep
                Well and Farmee, acting reasonably, from a mutually acceptable reservoir
                engineering firm and which confirms that the Proved Reserves for
                the
                Properties exceed $80,000,000 USD. The Report
                shall:

            

    

    

    
      	 	
              (a)

            	
              use
                the forward curve price forecast that is being used by that engineering
                firm for the majority of the reserves studies that it is completing
                at the
                time the Report is prepared;

            

    

    

    
      	 	
              (b)

            	
              use
                a 12.5% discount rate; and

            

    

    

    
      	 	
              (c)

            	
              attribute
                a value of 100% to the Proved Reserves and no value to probable reserves
                or undeveloped lands.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      Report shall be addressed to both Deep Well and Farmee both parties shall be
      jointly responsible for obtaining the Report and paying all costs associated
      with the preparation and delivery of the Report. For purposes of this Section,
      Ryder Scott and Sproule Associates are deemed to be reservoir engineering firms
      that are mutually acceptable to Deep Well and Farmee.

    

    ARTICLE
      15

    REPRESENTATIONS
      AND WARRANTIES

    

    
      	
              15.1

            	
              Farmor
                hereby represents and warrants to Farmee (and acknowledges that Farmee
                is
                relying on such representations and warranties)
                that:

            

    

    

    
      	 	
              (a)

            	
              Deep
                Well is a body corporate duly incorporated and validly existing under
                the
                laws of Nevada and is extra-provincially registered in Alberta, and
                Northern is a body corporate incorporated and validly existing under
                the
                laws of Alberta;

            

    

    

    
      	 	
              (b)

            	
              Farmor
                has taken all necessary actions and has all requisite power and authority
                to enter into this Agreement and to perform its obligations under
                this
                Agreement and any other agreements to be delivered hereunder and
                this
                Agreement constitutes and such other agreements will constitute legal,
                valid and binding obligations of Farmor, enforceable against Farmor
                in
                accordance with and subject to the terms set forth herein and
                therein;

            

    

    

    
      	 	
              (c)

            	
              The
                consummation by Farmor of the transactions contemplated herein will
                not
                violate or conflict with any of the constating documents, by-laws
                or
                governing documents of Farmor, any judgment, decree, order, statute,
                rule
                or Regulation applicable to Farmor or any material agreement or instrument
                to which it is a party or by which it is
                bound;

            

    

    

    
      	 	
              (d)

            	
              Deep
                Well is a non-resident of Canada and Northern is not a non-resident
                of
                Canada, in each case within the meaning of the Income
                Tax Act
                (Canada);

            

    

    

    
      	 	
              (e)

            	
              There
                are no claims, proceedings, actions, lawsuits, administrative proceedings
                or governmental investigations in existence, or so far as Farmor
                is aware,
                contemplated or threatened against or with respect to the Farmor
                (or
                either of them) or any of the Farmout Lands or Title Documents and
                there
                is no particular circumstance, matter or thing known to Farmor which
                could
                reasonably be anticipated to give rise to any such claim, proceeding,
                action, lawsuit, proceeding or
                investigation;

            

    

    

    
      	 	
              (f)

            	
              There
                are no outstanding authorizations for expenditures, mail ballots,
                cash
                calls or other financial commitments with respect to any of the Farmout
                Lands other than those as itemized on schedule
                15.1(f);

            

    

    

    
      	 	
              (g)

            	
              There
                are no agreements for the purchase or sale of petroleum substances
                that
                may be deliverable from any of the Farmout
                Lands;

            

    

    

    
      	 	
              (h)

            	
              No
                exploration, development or other material activities of any kind
                have
                occurred on any of the Farmout Lands and, as a result, there are
                no wells,
                well sites or tangibles located on the surface of or within any of
                such
                lands; excepting the 6.5 Section Block referred to in
                1.1(a)

            

    

    

    
      	 	
              (i)

            	
              There
                are no rights of first refusal or other similar rights applicable
                to any
                of the Farmout Lands;

            

    

    

    
      	 	
              (j)

            	
              Farmor
                shall not and has not knowingly withheld any records, files or other
                documents in its possession relating to the Farmout Lands or Title
                Documents and which Farmee has requested from Farmor;
                and

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (k)

            	
              There
                are no areas of mutual interest or similar rights pertaining to any
                of the
                Farmout Lands that remain in effect as of the Effective Date, excepting
                those listed on schedule 15.1(k).

            

    

    

    
      	
              15.2

            	
              Farmee
                hereby represents and warrants to Farmor
                that:

            

    

    

    
      	 	
              (a)

            	
              Farmee
                is a corporation duly incorporated and validly existing under the
                laws of
                Alberta;

            

    

    

    
      	 	
              (b)

            	
              Farmee
                has taken all necessary actions and has all requisite power and authority
                to enter into this Agreement and to perform its obligations under
                this
                Agreement and any other agreements to be delivered hereunder and
                this
                Agreement constitutes and such other agreements will constitute legal,
                valid and binding and obligations of Farmee, enforceable against
                Farmee in
                accordance with and subject to the terms set forth herein and
                therein;

            

    

    

    
      	 	
              (c)

            	
              The
                consummation by Farmee of the share transactions contemplated by
                this
                Agreement will not violate or conflict with any of the constating
                documents, by-laws or governing documents of Farmee or any provision
                of
                any material agreement or instrument to which Farmee is a party or
                is
                bound, or any judgment, decree, order, statute, rule or regulation
                applicable to Farmee;

            

    

    

    ARTICLE
      16

    ADDRESS
      FOR SERVICE

    

    
      	
              16.1

            	
              The
                address for service of notice hereunder for each of Farmor and Farmee
                shall be as follows:

            

    

    

    
      	 	
              Farmor:

            	
              c/o
                Deep Well Oil & Gas, Inc

            	
               

            	
              Farmee:

            	
              Surge
                Global Energy (Canada), Ltd.

            
	 	
               

            	
              Suite
                2600, 144 - 4th
                Avenue SW

            	
               

            	
               

            	
              Suite
                2600, 144 - 4th
                Avenue SW

            
	 	
               

            	
              Calgary,
                AB T2P 3N4

            	
               

            	
               

            	
              Calgary,
                AB T2P 3N4

            
	 	
               

            	
              Attention:
                Steven Gawne, President

            	
               

            	
               

            	
              Attention:
                Fred Kelly, President and CEO

            
	 	
               

            	
              Facsimile:
                No. (403) 232-1464

            	
               

            	
               

            	
              Facsimile
                No.: (858) 704-5011 and
                (403) 355-3371

            

    

    

    Any
      Party
      may change its address for service by written notice to the other Party. 
Any notice faxed to Farmee must be forwarded to both of the above fax numbers
      to
      constitute effective notice hereunder.

    

    ARTICLE
      17

    LIMITATIONS
      ACT

    

    
      	
              17.1

            	
              The
                2-year period for seeking a remedial order under Section 3 of the
                Limitations
                Act
                (Alberta), as amended, for any claim (as defined in that legislation)
                arising in connection with this Agreement is extended
                to:

            

    

    

    
      	 	
              (a)

            	
              for
                claims disclosed by an audit, 2 years after the time this Agreement
                permitted that audit to be performed;
                or

            

    

    

    
      	 	
              (b)

            	
              for
                all other claims, 4 years.

            

    

    

    ARTICLE
      18

    EARNED
      INTEREST

    

    
      	
              18.1

            	
              It
                is the intentions of the Parties that Farmee is incurring significant
                expenditures to earn a 40% undivided interest in the Farmout Lands
                (to the
                extent of Farmee’s drilling operations hereunder).  If, immediately
                prior to the time Farmor conveyed a 40% undivided interest in the
                Farmout
                Lands and Title Documents to Farmee, the Farmor had less than a 80%
                beneficial interest in any of the Farmout Lands or the Title Documents,
                the Farmee shall nevertheless earn a 40% undivided beneficial interest
                in
                and to the Farmout Lands earned hereunder even if the effect is that
                the
                Farmor’s residual beneficial interest (after earning by Farmee) is less
                than a 40% undivided interest in those Farmout
                Lands.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      19

    RIGHT
      OF FIRST REFUSAL

    

    
      	
              19.1

            	
              Notwithstanding
                that:

            

    

    

    
      	 	
              (a)

            	
              the
                Existing JOAs do not provide for a right of first refusal in the
                event a
                party wishes to dispose of an interest in any of the lands governed
                by
                such agreements; and

            

    

    

    
      	 	
              (b)

            	
              Farmee
                will made a party to the Existing JOAs (as provided for in Article
                7
                hereof),

            

    

    

    as
      between Farmor and Farmee, it is agreed that Alternate B of Clause 24.01 of
      the
      Operating Procedure will continue to apply, mutatis
      mutandis,
      in
      respect of any disposition that either Farmor or Farmee may wish to make in
      respect of any of the Farmout Lands, whether any such disposition occurs during
      the Earning Period or following the termination of the Earning
      Period.

    

    ARTICLE
      20

    GENERAL

    

    
      	
              20.1

            	
              This
                Agreement contains the final and entire agreement of the Parties
                respecting earning by Farmee of interests in the Farmout Lands from
                Farmor
                and, as such and in respect of that subject matter, supercedes all
                prior
                agreements, memorandums of understanding, letters of intent, verbal
                understandings and discussions to the extent specifically relating
                to such
                subject matter.

            

    

    

    
      	
              20.2

            	
              In
                the event of any inconsistency or conflict between the provisions
                of this
                Head Agreement and those of any Schedule attached hereto, the provisions
                of this Head Agreement shall
                prevail.

            

    

    

    
      	
              20.3

            	
              The
                terms, covenants and conditions in this Agreement shall run with,
                attach
                to, be binding upon, and form part of the Farmout Lands and the Title
                Documents, and the estates affected thereby for the duration of this
                Agreement.

            

    

    

    
      	
              20.4

            	
              If
                any term of this Agreement is or becomes invalid, illegal or unenforceable
                in any jurisdiction, such invalidity, illegality or unenforceability
                shall
                not affect the validity, legality or enforceability of any other
                term of
                this Agreement and such invalid, illegal or unenforceable term shall
                be,
                as to such jurisdiction, severable from this
                Agreement.

            

    

    

    
      	
              20.5

            	
              This
                Agreement shall be conclusively deemed for all purposes to be made
                under,
                and for all purposes to be governed by and construed in accordance
                with
                the laws of the Province of Alberta and of Canada applicable therein
                and
                shall be treated in all respects as an Alberta contract.  Each of the
                Parties hereby attorns to the Courts of Alberta at Calgary in respect
                of
                any suit, action or proceeding connected with this
                Agreement.

            

    

    

    
      	
              20.6

            	
              Each
                Party shall from time to time and at all times do all such further
                acts
                and execute and deliver all such further documents as may be reasonably
                required in order to perform and carry out the terms and the intent
                of
                this Agreement.

            

    

    

    
      	
              20.7

            	
              This
                Agreement may be executed in any number of separate counterparts
                with the
                same effect as if all Parties had signed the same copy of this
                Agreement.  All counterparts shall be construed together and
                constitute one agreement.  Each Party shall be entitled to rely on
                the delivery of executed facsimile copies of counterpart execution
                pages
                of this Agreement and such facsimile copies shall be legally effective
                to
                create a valid and binding agreement between the
                Parties.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              20.8

            	
              This
                Agreement shall inure to the benefit of and be binding upon the Parties
                and their respective successors and permitted
                assigns.

            

    

    

    IN
      WITNESS WHEREOF the Parties hereto have executed this Agreement effective as
      of
      the date first written above.

    

    
      	
              NORTHERN
                ALBERTA OIL LTD.

            	
               

            	
              DEEP
                WELL OIL & GAS, INC.

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
              Per:

            	
               
                /s/ Curtis J. Sparrow

            	
               

            	
              Per:

            	
               
                /s/ Steven Gawne

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
              Per:

            	
               
                President

            	
               

            	
              Per:

            	
               
                President and Chief Executive Officer

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
              SURGE
                GLOBAL ENERGY Inc..

            	
               

            	
              SURGE
                GLOBAL ENERGY (CANADA), LTD.

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
              Per:

            	
               
                /s/ Fred W. Kelly

            	
               

            	
              Per:

            	
               
                /s/ Fred W. Kelly

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
              Per:

            	
               
                Chief Executive Officer

            	
               

            	
              Per:

            	
               
                Chief Executive Officer

            	
               

            

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      “A” attached
      to and forming part of a Farmout Agreement dated as of the 25th
      day of
      February 2005 between Deep Well Oil & Gas, Inc. and Northern Alberta Oil
      Ltd., as Farmor and Surge Global Energy (Canada), Ltd., as Farmee

    

    
      	
              FARMOUT
                LANDS

            	
               

            	
              TITLE
                DOCUMENTS

            	
               

            	
              FARMOR’S
                

              PRE-

              FARMOUT

              WORKING

              INTERESTS

            	
               

            	
              ENCUMBRANCES

            
	
              32
                Section Block *

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                91, Range 12:

              Sections
                27, 28, 29, 30, 31,

              32;Township
                91, Range 13: Sections 25, 26, 27, 35, 36

              Oil
                Sands (Top of the Peace

              River
                to Base of the

              Pekisko)

              Covering
                2816 hectares

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7403070365 dated July 10th
                2003 and currently standing in the name of Northern Alberta Oil,
                Ltd. -
                80%, Pan Orient Energy Ltd. - 10%, 1132559 Alberta Ltd.
                10%

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                92, Range 13:

              Sections
                1, 2, 10, 11, 12, 13,

              14,
                15, 22, 23, 24

              Oil
                Sands (Top of the Peace

              River
                to Base of the

              Pekisko)

              Covering
                2816 hectares

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7403070367 dated July 10th
                2003 and currently standing in the name of Northern Alberta Oil,
                Ltd. -
                80%, Pan Orient Energy Ltd. - 10%, 1132559 Alberta Ltd. -
                10%

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                92, Range 13:

              Sections
                6, 7, 8, 9, 16, 17,

              18,
                19, 20, 21

              Oil
                Sands (Top of the Peace

              River
                to Base of the

              Pekisko)

              Covering
                2560 hectares

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7403070368 dated July10th 2003
                and
                currently standing in the name of Northern Alberta Oil, Ltd. - 80%,
                Pan
                Orient Energy Ltd. - 10%, 1132559 Alberta Ltd. - 10%

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              31
                Section Block *

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                92, Range 12:

              Sections
                15, 16, 17, 18, 19,

              20,
                21, 28, 29, 30, 31, 32, 33

              Oil
                Sands (Top of the Peace

              River
                to Base of the

              Pekisko)

              Covering
                3328 hectares

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7404080870 dated August 19th
                2004 and currently standing in the name of Deep Well Oil & Gas, Inc. -
                80%, Pan Orient Energy Ltd. - 10%, 1132559 Alberta Ltd. -
                10%

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                92, Range 12:

              Sections
                22, 26, 27, 34, 35,

              36

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7404080871 dated August 19th
                2004 and currently standing in the

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              FARMOUT
                LANDS

            	
               

            	
              TITLE
                DOCUMENTS

            	 	
              FARMOR’S
                

              PRE-

              FARMOUT

              WORKING

              INTERESTS

            	
               

            	
              ENCUMBRANCES

            
	
              Oil
                Sands (Top of the Peace River to Base of the Pekisko)

              Covering
                1536 hectares

            	
               

            	
              name
                of Deep Well Oil & Gas, Inc. - 80%, Pan Orient Energy Ltd. - 10%,
                1132559 Alberta Ltd. - 10%

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                92, Range 13:

              Sections
                25, 26, 27, 28, 29,

              30,
                31, 32, 33, 34, 35, 36

              Oil
                Sands (Top of the Peace

              River
                to Base of the

              Pekisko)

              Covering
                3072 hectares

            	
               

            	
              Alberta
                Crown Oil Sands Development Lease 7404080872 dated August 19th
                2004 and currently standing in the name of Deep Well Oil & Gas, Inc. -
                80%, Pan Orient Energy Ltd. - 10%, 1132559 Alberta Ltd. -
                10%

            	
               

            	
              80%

            	
               

            	
              Crown
                Royalty

              Nearshore
                ORR **

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              6.5
                Section Block

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                91, Range 13: N

              1⁄2
                Section 28, Sections 32,

              33,
                34; Township 92, Range

              13:
                Sections 3, 4, 5

            	
               

            	
              Alberta
                Crown Oil Sands Permit 7003040812 dated ·.

            	
               

            	
              TBD

            	
               

            	
              TBD

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Oil
                Sands (Top of the Peace River to Base of the Pekisko)

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Covering
                1664 hectares

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Township
                91, Range 13: N

              1⁄2
                Section 28, Sections 32,

              33,
                34; Township 92, Range

              13:
                Sections 3, 4,5

              Petroleum
                & Natural Gas

              (from
                Surface to Basement)

              Covering
                1664 hectares

            	
               

            	
              Alberta
                Crown Petroleum and Natural Gas Lease 5495030101 dated ·.

            	
               

            	
              TBD

            	
               

            	
              TBD

            

    

    

    
      
        

      

    

    
      	
              *

            	
              The
                use of the headings “32
                Section Block” and “31 Section Block”
                are intended for convenience of reference only and are not, under
                any
                circumstances whatsoever, to be taken into consideration when interpreting
                this Agreement or when determining a Party’s rights or obligations under
                this Agreement. Without limiting the generality of the foregoing,
                Farmee
                may (but is not required), when selecting any 6 section block of
                lands in
                which Farmee earns a 40% undivided interest by the drilling of the
                Test
                Well or any Option Well, include lands from each of the 38.5
                Section Block and the 31 Section Block in any such 6 section
                block.

            

    

    

    
      	
              **

            	
              Pursuant
                to the Assumption of Liabilities and Indemnity Agreement, Farmor
                shall be
                solely responsible for the payment of the Nearshore ORR as it would
                otherwise pertain to the interests earned by Farmee in the Farmout
                Lands.

            

    

    

    
      	
              ***

            	
              The
                6.5 Section Block shall not constitute “Farmout Lands” for the purposes
                hereof unless or until the Farmor acquires a legal or beneficial
                interest
                in the Title Documents that comprise the 6.5 Section
                Block.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FEBRUARY
      24, 2005

    

    SCHEDULE
      “B” attached to and forming part of a Farmout Agreement dated as of the 25th day
      of February 2005 between Deep Well Oil & Gas, Inc. and Northern Alberta Oil
      Ltd., as Farmor and Surge Global Energy (Canada), Ltd., as
      Farmee

    

    Farmout
      & Royalty Procedure Elections and Amendments

     

    
      	1.	Effective Date (Subclause 1.01(f) - February 17,
              2005)

      	 	 

      	2.	Payout
              (Subclause 1.01(t), if Article 6.00 applies) - Alternate ______ -
              N/A

      	 	 

      	
              3.

            	Incorporation
              of Clauses from 1990 CAPL Operating Procedure (Clause
              1.02)

      	 	(l) Insurance (311) Alternate
              A - o Alternate
              B - x

      	 	 

      	4.	Article 4.00 (Option Wells) will x/will
              not o
              apply.

      	
               

            	
               

            

      	5.	Article 5.00 (Overriding Royalty) will o/will
              not x
              apply.

      	 	 

      	6.	
              Quantification of Overriding Royalty (Subclause
                5.01A,
                if applicable)

            

    

     

    
      	
            	
              (i)

            	
               

            	
              Crude
                Oil (a)

            	
              -

            	
              Alternate
                

            	
              -

            	
              N/A

            	 	 	 	 	 	 
	 	
               

            	
               

            	
               

            	
              -

            	
              If
                Alternate 1 applies

            	 	
              %

            	 	 	 	 	 	 
	 	
               

            	
               

            	
               

            	
              -

            	
              If
                Alternate 2 applies

            	 	
              min

            	 	
              %

            	
              max

            	 	
              %

            	 
	 	
               

            	
               

            	
               

            	
               

            	 	 	
               

            	 	 	 	 	 	 
	 	
               

            	
               

            	
              Other
                (b)

            	
              -

            	
              Alternate

            	
              -

            	
              N/A

            	 	 	 	 	 	 
	 	
               

            	
               

            	
               

            	
              -

            	
              If
                Alternate 1 applies

            	 	
              %

            	 	 	 	 	 	 
	 	
               

            	
               

            	
               

            	
              -

            	
              If
                Alternate 2 applies

            	 	
              min

            	 	
              %

            	
              max

            	 	
              %

            	 

    

     

    
      	7.	Permitted Deductions (Subclause 5.04B, if applicable)
              -
              Alternate - N/A

      	 	 

      	8.	Article 6.00 (Conversion of Overriding
              Royalty)  will o/will
              not x
              apply.

      	 	•                If
              Article 6.00 applies, conversion to N/A
              OF
              Working interest in Subclause 6.04 A.

      	 	 

      	9.	Article 8.00 (area of Mutual Interest) will x/will
              not o
              apply.

      	 	 

      	
              10.

            	
              Reimbursement
                of Land Maintenance Costs (Clause 11.02) will o/will
                not ý apply. 
                If applies, reimbursement of
                $________.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     FEBRUARY
      24, 2005

    

    SCHEDULE “C”
      attached to and forming part of a Farmout Agreement dated as of the 25th day
      of
      February 2005 between Deep Well Oil & Gas, Inc. and Northern
      Alberta Oil Ltd., as Farmor and Surge Global Energy (Canada), Ltd., as
      Farmee

     

    1990
      CAPL OPERATING PROCEDURE

     

    
      	
              I.

            	
               

            	
              Clause
                311

            	
               

            	
              Insurance
                Election:

            	
               

            	
              A.

            	
               

            	
               

            	
               

            	
              B.

            	
               

            	
              X

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              II.

            	
               

            	
              Clause
                604

            	
               

            	
              Marketing
                Fee:

            	
               

            	
              A.

            	
               

            	
              X

            	
               

            	
              B.

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              III.

            	
               

            	
              Clause
                903

            	
               

            	
              Casing
                Point Election:

            	
               

            	
              A.

            	
               

            	
              X

            	
               

            	
              B.

            	
               

            	
               

            
	 	 	 	 	 	 	 	 	 	 	 	 	 
	IV.	 	Clause 1004 	 	Replace
              with the following:	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	“Notwithstanding
              anything to the contrary contained in this
              Operating Procedure, if the Operator is a participating party, it shall
              carry out the operation for the account of the participating parties;
              provided that, if the Operator is not a participating party, the
              participating parties shall, as and among themselves and in accordance
              with the provisions of Clause 206, mutatis
              mutandis,
              appoint an Operator for the operation.  If the operation is commenced
              prior to the time the Operator becomes a participating party, it is
              specifically understood that nothing in this Clause shall restrict
              or
              prohibit the proposing party from actually commencing operations as
              provided in Clause 1003.  The Operator, upon becoming a participating
              party, shall have the right to take over and carry out the operation
              for
              the participating parties.”

    

     

    
      	V.	 	Clause 1007	 	 Penalty
              for Independent
              Operations:

    

     

    
      	 	1.	Development Wells:	400%
	 	 	 	 
	 	2.	Exploratory Wells:	500%
	 	 	 	 

    

     

    
      	
              VI.

            	
            	Clause 2202	
            	
              Title
                Preserving Well:

            	180
              days

    

     

    
      	
              VII.

            	 	Clause 2202 	 	 Address
              for Notices:

    

     

    
      	 	
              Farmor:

            	
              c/o
                Deep Well Oil & Gas, Inc

            	
               

            	
              Farmee:

            	
              Surge
                Global Energy (Canada), Ltd.

            
	 	
               

            	
              •Suite 2600,
                144-4th
                Avenue SW

            	
               

            	
               

            	
              Suite 2600,
                144 - 4th
                Avenue SW

            
	 	
               

            	
              •Calgary,
                AB T2p 3N4

            	
               

            	
               

            	
              Calgary,
                AB T2P 3N4

            
	 	
               

            	
              •Attention
                Steve Gawne, CEO

            	
               

            	
               

            	
              Attention:
                Fred Kelly, CEO

            

    

     

    
      	
              VIII.

            	
               

            	
              Clause
                2401

            	
               

            	
              Disposition
                of Interests:

            	
               

            	
              A.

            	
               

            	
               

            	
               

            	
              B.

            	
               

            	
              X

            

    

      

    
      	
              
                IX.

              

            	 	
              Clause
                2404

            	 	Deleted
              and
              replaced with the Assignment Procedure

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1996
      PASC ACCOUNTING PROCEDURE

     

     

    
      	 I.	Clause 105 Operating
              Fund: 10%
               

              Clause
                110 Approvals: 
                2 or more Owners totaling 65%

               

              Clause
                112 Expenditure
                Limitations:

            

    

     

    
      	 	
              (a)

            	excess of	$  25,000.00
	 	 	 	 
	 	(c) 	excess of 	$  25,000.00

    

     

    
      	II.	
              Clause
                201(a) 6 Labour: 
                Delete and replace as follows:

               

              “Salaries
                and wages of the Operator’s employees
                engaged in production Engineering who are either temporarily or
                permanently assigned to and directly employed off-site in direct
                support
                of Joint Operations.”

            

    

     

    
      	II.	
              Clause
                202(b)

            	Employee Benefits - not to exceed: 
              25%
	 	 	 
	 	Clause 207	Services: 
              replace “warehouse” with “Warehouse” throughout
	 	 	 
	 	Clause 213(b)	Camp and Housing: 
              shall o/shall
              not  x
              apply.
	 	 	 
	 	Clause 216	Warehouse handling: 5%
	 	 	 
	 	Clause 221 	Allocation Options: n/a

    

     

    
      	III.	
              Clause
                301(a) Cost: Delete
                and replace as follows:
                 

                “Cost”
                  means total expenditures described in Article II, excluding those
                  expenditures pursuant to Subclause 209(b) and Clause 218 of this
                  Accounting Procedure, and salvage credits for Material retired,
                  the value
                  of injected substances purchased for enhanced recovery and any
                  additional
                  exclusions as approved by the
                  Owners.

              

            

    

     

    
      	IV.	
              Clause
                302

            	Overhead
              Rates:

     

    
      	 	
              (a)

            	
              For
                each Exploration Project:

            
	 	 	 	 
	 	 	(i)	5%  
              of first	$   
50,000
	 	 	(ii)	3%  
              of first 	$  100,000
	 	 	
              (iii)

            	1%  
              of costs in excess of sum of (i) and
              (ii)

    

     

    
      	 	
              
                (b)

              

            	
              
                For
                  each Drilling Well:

              

            
	 	 	 	 
	 	 	(i)	5%  
              of first	$   
50,000
	 	 	(ii)	3%  
              of first 	$  100,000
	 	 	
              (iii)

            	1%  
              of costs in excess of sum of (i) and
              (ii)

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     
      	 	
              
                
                  (c)

                

              

            	
              
                
                  For
                    each Initial Construction Project:

                

              

            
	 	 	 	 
	 	 	(i)	5%  
              of first	$   
50,000
	 	 	(ii)	3%  
              of first 	$  100,000
	 	 	
              (iii)

            	1%  
              of costs in excess of sum of (i) and
              (ii)

    

    

     
      	 	
              
                
                  (d)

                

              

            	
              
                
                  For
                    each Subsequent Construction Project:

                

              

            
	 	 	 	 
	 	 	(i)	5%  
              of first	$   
50,000
	 	 	(ii)	3%  
              of first 	$  100,000
	 	 	
              (iii)

            	1%  
              of costs in excess of sum of (i) and
              (ii)

    

     

    
      	 	
              
                
                  
                    (e)

                  

                

              

            	
              
                
                  
                    For
                      Operation and Maintenance:

                  

                

              

            
	 	 	 	 
	 	 	(i)	
              10%   
                of the cost of the Joint Property; and

            
	 	 	(ii)	
              $350   
                per Producing Well per month; or

            
	 	 	
              (iii)

            	____ Flat
              rate per month
	 	 	 	 
	 	 	Subclause 302(3)(ii) and 302
              (e)(iii) shall o/shall
              not xapply.

    

     

    
      	V.	
              Clause
                406

            	Dispositions: 
              $25,000
	 	 	 
	 	Clause 406	Dispositions: 
              replace “affiliates” with “Affiliates”
	 	 	 
	VI.	Clause 501	(b) Dispositions: 
              replace “warehouse” with
“Warehouse”

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 15.1(f) attached
      to and forming part of a Farmout Agreement dated as of the 25th day of
      February 2005 between Deep Well Oil & Gas, Inc. and Northern
      Alberta Oil Ltd., as Farmor and Surge Global Energy (Canada), Ltd., as
      Farmee

     

    Outstanding
      Authorizations for Expenditures, Etc.

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE 15.1(k)
      attached to and forming part of a Farmout Agreement dated as of the 25th day
      of
      February 2005 between Deep Well Oil & Gas, Inc. and Northern
      Alberta Oil Ltd., as Farmor and Surge Global Energy (Canada), Ltd., as
      Farmee

     

    Areas
      of Mutual Interest

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]