Charges

Security interests and charges registered against the company

11 Outstanding 1 Satisfied

Outstanding Charges

Floating charge #2

Outstanding
4 Jun 1979
13 Jun 1979
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the companys right title & interest and benefit in any production licence or agreement made by the company (see doc M32 for details).

All monie due or to become due from the company and/or candel oil LTD to the chargees under the terms of a credit agreement.

Assignation in security #1

Outstanding
4 Jun 1979
13 Jun 1979
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the companys right title & interest and benefit in any production licence or agreement made by the company (see doc M31 for details).

All monies due or to become due from the company and/or candel oil LTD to the chargees under the terms of a credit agreement.

Debenture #3

Outstanding
4 Jun 1979
13 Jun 1979
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the companys right title & interest and benefit in any production licence or agreement made by the company (see doc M33 for details).

All monies due or to become due from the company and/or candel oil LTD to the chargees under the terms of a credit agreement,

Scottish floating charge #4

Outstanding
24 Jul 1979
1 Aug 1979
  • Canadian Imperial Bank Of Commerce.
  • International Energy Bank Limited

All the company's right title interest and benefit in and to the buchan field (see doc M34 for details).

All monies due or to become due from the candel oil limited to the chargees under the terms of a credit agreement dated 13 april 1978 and all monies due or to become due from the company and/or candel oil limited to the chargees.

Deed of confirmation and instrument of alteration #5

Outstanding
30 Nov 1979
20 Dec 1979
  • Canadian Imperial Bank Of Commerce.
  • International Energy Bank Limited

All the companys right title and interest and benefit in and to the buchan field (see doc M35 for details).

The loan and all other monies due or to become due from the company to the chargees pursuant to a credit agreement as amended by the supplemental credit agreement and all monies due or to become due under the candel securities as amended by the deed.

Deed of confirmation and instrument of alteration #6

Outstanding
19 Nov 1982
9 Dec 1982
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the company's right title interest & benefit to the buchan field. (Please see doc M36).

The principal amounts and all other monies due or to become due from the company to the chargees pursuant to an agreement dated 13.4.75 as amended by agreements dated 30.11.79 and 30.10.81 and all monies due or to become due pursuant to the deeds of security.

Assignation in security #8

Outstanding
19 Nov 1982
9 Dec 1982
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the companys right title interest and benefit pursuant to the candel scottish assignation (please see doc M38).

All monies due or to become due from sulpetro limited pursuant to the credit agreement to the chargees and all monies due or to become due from the company and/or sulpetro LTD to the chargees under the terms of the charge.

Charge #7

Outstanding
19 Nov 1982
9 Dec 1982
  • Canadian Imperial Bank Of Commerce.
  • International Energy Bank Limited

All the companys right title interest and benefit in & to the buchan field (please see doc M37).

All monies due or to become due from sulpetro LTD pursuant to the credit agreement to the chargees and all monies due or to become due from the company and/or sulpetro LTD. To the chargees under the terms of the charge.

Charge #9

Outstanding
5 Dec 1983
16 Dec 1983
  • International Energy Bank Limited
  • Canadian Imperial Bank Of Commerce.

All the right, title & interest & benefit in production licence no P241 & agreements as detailed on doc M39.

All monies due or to become due from sulpetro limited to the chargees under the terms of the credit agreement dated 13/4/78 & all monies due or to become from the company and/or sulpetro limited to the chargees pursuant to the candel scottish assignation & the sulpetro scottish assignation.

Scottish retrocession assignation #10

Outstanding
15 Mar 1984
2 Apr 1984
  • Canadian Imperial Bank Of Commerce.
  • International Energy Bank Limited

All the right, title & interest in the agreements as detailed on doc M40.

All moneys due or to become due from sulpetro limited to the banks pursuant to the candel credit agreement - 13/4/78 & all moneys due or to become due from the company and/or sulpetro limited to the banks pursuant to the candel scottish assignation in security, the sulpetro scottish assignation in security or this deed.

Sulpetro second partial scottish retrocession assignation #11

Outstanding
15 Mar 1984
2 Apr 1984
  • Canadian Imperial Bank Of Commerce.
  • International Energy Bank Limited

The right, title & interest in the agreements as detailed on doc M41.

All moneys due or to become due from sulpetro limited to the banks pursuant to the candel credit agreements dated 13/4/78 & all moneys due or to become due from the company and/or sulpetro limited to the banks pursuant to the candel scottish assignation in security the sulpetro scottish assignation in security or this deed.

Satisfied Charges

Debenture deed. #12

Fully Satisfied
28 Jul 1986
1 Aug 2003
  • The Royal Bank Of Canada.

First fixed charge all the guarantor's right title and interest all f/hold and l/hold properties owned at the date of the debenture deed acquired for the development and/or exploitation of the humbly grove area. First floating charge sulpetro petroleum and all the assets expressed to be charged in paragraph (a) above insofor as not effectively so charged see doc M42 for fuller details.