Management and Geological Consulting Agreement

 

 

 

 

 

 

 

9720 Coit Road

Suite 220-226

Plano, Texas 75025

214 ###-###-#### Tel.

972 ###-###-#### Fax.

 

Andrew Reid

Chairman/ CEO

Treaty Energy Corporation

201 St. Charles Ave., Suite 2558

New Orleans, LA 70170

 

 

 

Andrew,

 

Per our discussions, RedRock Exploration is pleased to provide this letter detailing our suggested plan for assisting Treaty Energy Corporation in the Belize Exploration Project.

 

This document is intended to outline our approach and outputs as well as the proposed time schedule and cost.

 

 

Treaty Energy Corporation has recently kicked off a project to explore for hydrocarbon in the country of Belize. In an effort to augment its technical competencies in Belize, Treaty Energy Corporation wishes to engage the services of an experienced Management and Geological Consulting service provider to work with its local team to provide the following:

 

•	Management: Manage the relationship, and provide liaison between Treaty Energy and the Belize Department of Petroleum. This includes ownership and responsibility for ensuring all drilling, completion and other geological reports are submitted in an accurate and timely manner.

 

•

Geological Services: Provide technical advice and guidance during all phases of the exploration effort. This includes staking locations, preparing drilling prognoses, and performing mud-logging services. Prepare and maintain maps and sections of all wells, and other available geological information.

 

•

Mud-logging: RedRock Exploration will retain the services of Advanced Geological Services to perform all mud-logging services. All supplies used in the mud-logging services shall be provided by Advanced Geological Services.    Copies of mud-logs and daily drilling reports shall be presented to Treaty Energy and the Belize Department of Petroleum

 

•	Post-Drilling Support: Provide guidance and assistance during all open-hole and cased hole logging efforts. Evaluate the electric logs and provide guidance and support during stimulation and completion phases.

 

 

 

 

 

 

 

To support Treaty Energy Corporation in this initiative, our estimated time and consulting rates are:

 

Rates	Rate
Flat Monthly Rate	$12,000
Total one-year estimate	$144,000

 

This estimate does not include travel and out-of-pocket expenses which will be billed at actual expense incurred. We will bill Treaty Energy Corporation net 30 at the end of each calendar month that work is performed. Airline tickets and accommodation in Belize shall be provided by Treaty Energy Corporation. Payments are due in advance on the first day of each month.

 

 

The project work will commence on or about March 1, 2012 and will extend for a period of twelve (12) months, expiring on February 28, 2013.

 

 

 

RedRock's experience and technical competence will enhance the relationship and trust between the Government of Belize and Treaty Energy Corporation by helping to ensure project deliverables remain on target.

 

We are excited about the opportunity of working with you and continuing to build a relationship with Treaty Energy Corporation. If you have any questions, please contact me.

 

 

			: 3/06/2012
MAX MOHAMED, PRESIDENT		Andrew Reid, CEO/Chairman
RedRock Exploration, Inc.		Treaty Energy Corporation