First Amendment to Participation Agreement for Pacific Creek Prospect (Green River Basin, Wyoming)

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Summary

This amendment, dated October 31, 2006, is between SWEPI LP, Wolverine Gas and Oil Corporation, and Pacific Energy Resources Limited. It extends the deadline for Pacific to begin drilling the second test well in the Green River Basin, Wyoming, from December 31, 2006, to August 1, 2007. The amendment does not change Pacific's obligation to start drilling the first test well by December 31, 2006, or alter any other terms of the original Participation Agreement.

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EX-10.13 63 per_s1-ex1013.txt EXHIBIT 10.13 SWEPI LP P.O. BOX 576 HOUSTON, TX 77001 October 31, 2006 Pacific Energy Resources Limited Vladimir Katic, Chairman & CEO 1065 West Pier E Street Long Beach, CA 90802 Wolverine Gas and Oil Corporation Richard D. Moritz, Vice President - Land One Riverfront Plaza - 55 Campau NW Grand Rapids, MI ###-###-#### RE: FIRST AMENDMENT TO PARTICIPATION AGREEMENT SECOND TEST WELL OBLIGATION EXTENTION GREEN RIVER BASIN, WYOMING CONTRACT #: C-WY-035-05-100 Gentlemen: We hereby propose the First Amendment to that certain Participation Agreement dated August 30, 2005 by and between SWEPI LP ("Shell"), Wolverine Gas and Oil Corporation ("Wolverine"), and Pacific Energy Resources Limited ("Pacific") for the Pacific Creek Prospect, located in the Green River Basin, Wyoming. This amendment will extend the obligation to commence operations for the drilling of the second Test Well from December 31, 2006, as outlined in Article 5.4 of said Participation Agreement, to August 1, 2007. This amendment in no way extends or relieves Pacific from the requirement to commence drilling operations on the first Test Well by December 31, 2006 nor does it relieve Pacific from any of the other terms and conditions of the Participation Agreement. If you concur with this proposed amendment, please sign and return one copy of this letter to the above address. If you have any questions or concerns please call me at ###-###-####. Sincerely, /s/ Spencer Cearley Spencer Cearley, Landman Amendment 1 Agreed to and accepted this 2nd day of Nov., 2006. PACIFIC ENERGY RESOURCES LIMITED By: /s/ Vladimir Katic ------------------------------------ Title: Chair & CEO WOLVERINE GAS AND OIL CORPORATION By: /s/ Richard D. Moritz ------------------------------------ Title: Vice President Amendment 2