Document:

REVOLVING CREDIT NOTE
                              ---------------------

$18,000,000.00                   Houston, Texas             October  ____,  2004

     PETROSEARCH  CORPORATION,  A  TEXAS  CORPORATION,  ("Maker"),  for  value
received,  agrees  to  pay  to  the order of FORTUNA ENERGY, L.P. (herein called
"Lender"  which term shall herein in every instance refer to the owner or holder
of  this  Note),  at  P.O. Box 9109, Newport Beach, California 92658, or at such
other place as Lender may hereafter designate in writing, in lawful money of the
United  States  of  America,  the  principal  sum of EIGHTEEN MILLION AND NO/100
DOLLARS  ($18,000,000.00),  or  so  much thereof as may be advanced from time to
time  by Lender to Maker under the terms and limitations of the Revolving Credit
Agreement  of  even  date  between  Lender,  Maker,  TK  Petrosearch, L.L.C. and
Anadarko  Petrosearch, L.L.C. (the "Agreement"), together with interest accruing
during  the  term  hereof on the principal balance from time to time outstanding
until paid, at an annual rate of interest equal to six percent (6.0%) per annum.
Interest shall be calculated on the average daily outstanding principal balance.
Upon  Maturity  (defined  hereinbelow)  or  upon  an  Event  of Default (defined
hereinbelow)  by  Maker, the principal balance hereof and all accrued but unpaid
interest  shall  bear  interest at the rate of twelve percent (12.0%) per annum.

     This  Note  is  intended  as  a  revolving  credit  loan  more particularly
described  in  a certain Revolving Credit Agreement of even date under which the
principal  may  be  repaid  without penalty and re-borrowed from time to time in
accordance  with  and  subject  to  the  terms  and  conditions set forth in the
Revolving  Credit  Agreement.

     The  principal  to be advanced under this Note may be drawn by Maker over a
twelve  (12)  month  period which shall begin on the date of the initial advance
under  this  Note  ("Initial  Draw Date") at a maximum rate of $4,500,000.00 for
each  three  (3)  month  (calendar  date  to calendar date) period following the
Initial  Draw  Date  ("Draw  Period")  in  a lump sum or partial sums in Maker's
discretion,  subject  to  the  Collateral Coverage Requirements described in the
Agreement.  Undrawn  funds  may  be  carried  over  to a succeeding Draw Period.
Principal  repaid  during  any  Draw  Period  may  be  readvanced subject to the
$4,500,000.00 per Draw Period and Collateral Coverage limitations.  Each advance
requested  by  Maker  other  than the Initial Draw shall be preceded by a 10-day
written  request (accompanied by a statement of the proposed use of proceeds) to
Lender  and  shall  be funded by Lender on the eleventh (11th) day following the
request.  If  the  11th  day  falls on a Saturday, Sunday or public holiday, the
said  funding  shall occur on the next business day of Lender.  Unless otherwise
agreed  by Lender, draw requests shall be funded no more frequently than monthly
during  any  3-month  Draw  Period.

     Maker  shall  repay the outstanding principal advanced hereunder in monthly
installments equal to ten percent (10%) of the original amount of the particular
principal  advance  commencing  sixty  (60)  calendar days after the date of the
particular  advance  and continuing on the same calendar date of each succeeding
month thereafter until repaid.  At such time as the aggregate principal advances
under  this Note equal or exceed $3,000,000.00 and sixty (60) calendar days have
elapsed  since  the  date  of  the  principal advance by which the $3,000,000.00

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threshold amount has been achieved, the monthly principal installments due under
this  Note thereafter shall never be less than $300,000.00 until repaid in full.

     Maker  shall  pay  accrued  interest  at the rate specified hereinabove and
calculated  as  specified  hereinabove  quarter-annually, in arrears, commencing
ninety  (90)  calendar days after the date of the initial advance and continuing
quarter-annually  thereafter  until  Maturity  (defined  hereinbelow).

     This  Note  shall  mature  and  all  outstanding,  unpaid principal and all
accrued,  outstanding  and  unpaid interest shall become due and payable two (2)
years  from  and  after the date hereof ("Maturity"). Notwithstanding the 2-year
term,  after  eighteen (18) months, either Lender or Maker shall have the right,
upon  thirty (30) days written notice to the other party, to terminate this loan
and cause to be prepaid (in the case of Borrower election) or cause to be repaid
by  Borrower  (in  the  case  of  Lender election) all outstanding principal and
accrued  interest  due  under  this  Note.

     If  any  payment  on  this  Note shall become due on a Saturday, Sunday, or
public  holiday under the laws of the State of Texas on which Lender is not open
for  business, such payment shall be made on the next succeeding business day of
Lender,  unless  the effect of such extension would be to carry the payment over
to  the  next  calendar  month,  in  which case such payment shall be due on the
preceding  business day of Lender, and such extension or reduction of time shall
in  such case be included in computing interest in connection with such payment.
All  sums required to paid hereunder shall be applied first to any sums expended
by  Lender  to  preserve or protect the collateral securing this Note (including
advances,  if  any,  made to pay the taxes thereon), then to any attorneys' fees
incurred  by  Lender  in  enforcing  the  provision of this Note or any document
securing  same,  if  any, then to accrued interest and then to principal, except
that  Maker  may  prepay  any  principal  amount  prior  to  its  due  date.

     If  an  "Event of Default" (as defined below) be made in the performance of
Maker  under  this  Note,  then  the Lender may, at Lender's option, declare the
entire unpaid principal of and accrued interest on this Note immediately due and
payable  without  additional  notice,  demand  or  presentment, all of which are
hereby  waived,  and  upon  such declaration, the same shall become and shall be
immediately  due  and  payable,  and  the  Lender hereof shall have the right to
foreclose  or otherwise enforce all liens or security interests securing payment
hereof, or any part hereof, and offset against this Note any sum or sums owed by
the  Lender  to  Maker.  Failure of the Lender to exercise this option shall not
constitute  a  waiver of the right to exercise the same upon the occurrence of a
subsequent  Event  of  Default.  For  purposes hereof, an Event of Default shall
mean  (1)  the  failure  by  Maker to perform any obligation to pay principal or
interest  when  due and after the expiration of any cure period provided herein,
(2) the failure by Maker to perform any other obligation or to pay any other sum
when  due  under  the  terms  of  the Note, each Master Deed of Trust, Mortgage,
Assignment  of  Production,  Security  Agreement  and  Financing  Statement
(Multi-State  Oil  and  Gas  Interests)  (the  "Deed(s)  of  Trust),  the Pledge
Agreement(s),  the  Revolving Credit Agreement and any other loan document after
the  expiration of any applicable cure period, or (3) Maker's assignment for the
benefit  of

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creditors  or  becoming  the  subject of any voluntary or involuntary bankruptcy
proceeding.  With  respect  to  circumstances  (1)  or (2), the Event of Default
shall  not occur until Maker is first sent a notice of the default or deficiency
by  certified  mail,  postage  prepaid,  verifiable  facsimile  transmission  or
personal delivery, whereupon Maker shall have an opportunity to cure the default
or  deficiency  within  five  (5)  days of the date of the notice.  For purposes
hereof,  the date of the notice shall be deemed to be the earlier of the date of
receipt  of  the  notice  of  default  by Maker, the date of transmission of the
verifiable facsimile and the date which is the third business day after the date
the notice is deposited, postage prepaid, in the United States Mail addressed to
Maker, whether or not said notice is received.  Maker's mailing address shall be
deemed  to  be  4801  Woodway Drive, Suite 300E, Houston, Texas 77056 unless and
until  Maker  provides  to  Lender  a  written  change  of  address.

     Except as otherwise provided hereinabove, Maker and each surety, guarantor,
endorser and other party ever liable for payment of any sums of money payable on
this  Note  jointly  and  severally  waive  presentment  and demand for payment,
protest,  notice of protest and non-payment or dishonor, notice of acceleration,
notice  of  intent  to  accelerate,  notice  of  intent  to demand, diligence in
collecting,  and  grace,  and  consent  to all extensions without notice for any
period  or  periods  of  time  and  partial  payments, before or after maturity,
without  prejudice  to the Lender.  The Lender shall similarly have the right to
deal  in any way, at any time, with one or more of the foregoing parties without
notice  of  any  other party, and to grant any such party any extensions of time
for  payment  of  any  of  said  indebtedness,  or to release part or all of the
collateral securing this Note, or to grant any other indulgences or forbearances
whatsoever,  without  notice to any other party and without in any way affecting
the  personal  liability  of  any  party  hereunder.

     If  the  Lender expends any effort in any attempt to enforce payment of all
or  any part or installment of any sum due the Lender, or if this Note is placed
in  the  hands  of an attorney for collection, or if it is collected through any
legal  proceedings, Maker agrees to pay all reasonable collection costs and fees
incurred  by  the  Lender,  including  reasonable  attorneys' fees and expenses.

     This  Note  is  made and is deemed performable in Harris County, Texas, and
Maker  and  each  surety,  guarantor,  endorser  and other party ever liable for
payment  of  any sums of money payable on this Note, jointly and severally waive
the  right  to  be  sued  hereon  elsewhere.  This Note shall be governed by and
construed  in  accordance with the laws of the State of Texas and the applicable
laws  of  the  United  States  of  America.

     Any  check,  draft, money order or other instrument given in payment of all
or any portion hereof may be accepted by the Lender and handled in collection in
the  customary  manner,  but  the same shall not constitute payment hereunder or
diminish any rights of the Lender except to the extent that actual cash proceeds
of  such  instruments  are unconditionally received by the Lender and applied to
this  indebtedness  in  the  manner  elsewhere  herein  provided.

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It  is  the  intention  of the parties hereto to comply strictly with applicable
usury  laws,  if any; accordingly, notwithstanding any provision to the contrary
in this Note or in any of the documents securing the payment hereof or otherwise
relating hereto, in no event shall this Note or such documents require or permit
the  payment,  taking,  reserving, receiving, collection or charging of any sums
constituting  interest  under  applicable  laws  which exceed the maximum amount
permitted  by  such laws.  If any such excess interest is called for, contracted
for, charged, taken, reserved, or received in connection with the loan evidenced
by this Note or in any of the documents securing the payment hereof or otherwise
relating  hereto, or in any communication by Lender or any other person to Maker
or  any  other  person, or in the event all or part of the principal or interest
hereof  shall be prepaid or accelerated, so that under any of such circumstances
or  under  any  other circumstances whatsoever the amount of interest contracted
for,  charged,  taken, reserved, or received on the amount of principal actually
outstanding from time to time under this note shall exceed the maximum amount of
interest permitted by applicable usury laws, then in any such event it is agreed
as  follows: (i) the provisions of this paragraph shall govern and control, (ii)
neither the Maker nor any other person or entity now or hereafter liable for the
payment  of  this  Note shall be obligated to pay the amount of such interest to
the  extent  such  interest  is  in  excess  of  the  maximum amount of interest
permitted  by  applicable usury laws, (iii) any such excess which is or has been
received  notwithstanding  this  paragraph  shall  be  credited against the then
unpaid  principal  balance  hereof or, if this Note has been or would be paid in
full by such credit, refunded to Maker, and (iv) the provisions of this Note and
the documents securing the payment hereof and otherwise relating hereto, and any
communication  to  Maker,  shall  immediately be deemed reformed and such excess
interest  reduced, without the necessity of executing any other document, to the
maximum  lawful rate allowed under applicable laws as now or hereafter construed
by  courts  having  jurisdiction  hereof  or  thereof.  Without  limiting  the
foregoing,  all  calculations  of  the rate of interest contracted for, charged,
collected,  taken,  reserved, or received.  The terms of this paragraph shall be
deemed  to  be  incorporated  in  every  loan document, security instrument, and
communication  relating  to  this  Note  and  the  loan.

     To  the  extent  that  the  interest  rate  laws  of the State of Texas are
applicable  to  this  note,  the  applicable interest rate ceiling is the weekly
ceiling (formerly the indicated rate ceiling) determined in accordance with Tex.
Rev.  Civ.  Stat., Title 79, Article 5069-1D.003, also codified at Texas Finance
Code, Section 303.301 (formerly Article 5069-1.01(a)(1), and, to the extent that
this  Note  is  deemed  an open end account as such term is defined in Tex. Rev.
Civ.  Stat.,  Title  79, Article 5069-1B.002(14), also codified at Texas Finance
Code  Section  301.001(3) (formerly Article 5069-1.01(f), the Lender retains the
right  to  modify  the  interest  rate  in  accordance  with  applicable  law.

     This  Note is secured by Deed(s) of Trust of even date herewith executed by
Maker,Proforma,  Anadarko  Petrosearch,  L.L.C.,  TK  Petrosearch, L.L.C. and/or
Guidance  Petrosearch, L.L.C., as the case may be, to Barry L. Racusin, Trustee,
for  the  benefit  of  Lender, over and upon various oil and gas lease(s) and/or
other  mineral  interest(s),  now  owned  and/or  hereafter  acquired  in Texas,
Oklahoma  and  North Dakota, all as more fully described therein, and is further
secured  by  those  certain  Pledge Agreement(s) of even date between Lender and
Maker  covering  the  membership interests (ownership interests) of Maker in its
subsidiaries,  Anadarko

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     Petrosearch, L.L.C. and TK Petrosearch, L.L.C.

     This Note is dated as of the date set forth first above.  In the event of a
conflict  between this Note and the Revolving Credit Agreement, the terms of the
Revolving  Credit  Agreement  shall  be  deemed  controlling.

NOTICE  OF  NO  ORAL  AGREEMENTS.  THIS  DOCUMENT  AND  ALL OTHER LOAN DOCUMENTS
--------------------------------
RELATING  TO  THIS  LOAN OR REFERRED TO ABOVE TOGETHER CONSTITUTE A WRITTEN LOAN
AGREEMENT  WHICH  REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT
BE  CONTRADICTED  BY  EVIDENCE  OF  PRIOR,  CONTEMPORANEOUS,  OR SUBSEQUENT ORAL
AGREEMENTS  OF  THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES  RELATING  TO  THIS  LOAN.

                                        PETROSEARCH  CORPORATION

                                        By:  /s/  Bradley  J.  Simmons
                                           -------------------------------------
                                             Bradley  J.  Simmons,  President

                 THE BALANCE OF THIS PAGE IS INTENTIONALLY BLANK

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

                                        5ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
                    -----------------------------------------

STATE  OF  OKLAHOMA               }
                            }     KNOW ALL MEN BY THESE PRESENTS
COUNTY  OF  ________              }

     FOR VALUE RECEIVED, ANADARKO PETROSEARCH, L.L.C., A TEXAS LIMITED LIABILITY
COMPANY,  4801  Woodway  Drive,  Suite  300E,  Houston, Texas 77056 ("Assignor")
hereby  GRANTS,  SELLS, ASSIGNS and CONVEYS UNTO FORTUNA ENERGY, L.P., P. O. Box
9109,  Newport  Beach,  California  92658  ("Assignee"),  an  overriding royalty
interest  equal  to  one  percent  (1.0%  of  8/8ths)  in  the oil, gas, sulfur,
associated  liquid  and  liquifiable hydrocarbons produced, saved and sold under
the terms of and by virtue of the Oil and Gas Leases and lands more particularly
described  in  Exhibit "A" attached hereto ("the Leases"), such production to be
delivered  at  the  wells  or  to  the  credit  of Assignee into the pipeline or
pipelines  to  which  the  wells  may be connected with respect to oil, or to be
delivered  as  Assignee's  share  of the net amount received from all sales with
respect  to  gas,  casinghead  gas  or  sulfur.

     The  overriding  royalty  interest  shall be charged with its proportionate
part of any and all taxes levied or assessed against production.  The overriding
royalty  interest  herein  assigned  is  further  expressly  made subject to the
pooling  and  unitization  provisions  contained in the Leases and Assignor, its
successors  and  assigns, shall have the right and power to pool or unitize such
overriding  royalty  interest with other lands, leases mineral or royalty rights
or other interests in production without the further consent of Assignee, all in
accordance  with and to the same extent as the landowner's royalty may be pooled
or  unitized  under  the  terms  of  the  Leases.

     TO  HAVE  AND  TO HOLD as of the Effective Date hereof all and singular the
interests  in  the  Leases  and  production,  assigned herein unto Assignee, its
heirs, representatives, successors and assigns forever.  This Assignment is made
without  warranties  of  title,  express  or  implied.

     DATED effective as of October 15, 2004.

                                          ANADARKO  PETROSEARCH,  L.L.C.

                                          By:  /s/  Bradley  J.  Simmons
                                             -----------------------------------
                                             Bradley  J.  Simmons,  Manager

STATE  OF  TEXAS            }
                            }
COUNTY  OF  HARRIS          }

     This  instrument was acknowledged before me on this the ___ day of October,
2004,  by  Bradley  J. Simmons, Manager of Anadarko Petrosearch, L.L.C., a Texas
limited  liability  company,  on  behalf  of  said  company.

                         ----------------------------------------
                         Notary Public, State of Texas

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