Royal Decree 110/96 Approving the Assignment by Conquest Exploration Oman of Part of Its Share in the Petroleum Agreement Dated 23 July 1989 to Aegis Energy Inc and the Assignment by the Latter Company of Part of Its Share in the Same Agreement to Suhail bin Salem bin Abdullah Bahwan

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the Oil and Minerals Law issued by Royal Decree 42/74,

Royal Decree 89/89 Approving the Petroleum Agreement Between the Government of the Sultanate and Conquest Exploration Oman Inc,

Royal Decree 42/94 Approving the Assignment by Conquest of Part of Its Stake in the Petroleum Agreement,

and the letters of the Minister of Oil and Minerals dated 27 September 1995 and 5 November 1996 approving the assignment,

and in pursuance of public interest,

have decreed as follows

Article I

(a) The assignment by Conquest Exploration Oman Inc of 8.57% of its total rights and obligations in the petroleum agreement dated 23 July 1989 to Aegis Energy Inc, which accepts this assignment, is hereby approved.

(b) The assignment by Aegis Energy of 15% of its total rights and obligations in the petroleum agreement dated 23 July 1989 to Suhail bin Salem bin Abdullah Bahwan, who accepts this assignment, is hereby approved.

Article II

With this assignment, the final shares of the parties to the mentioned petroleum agreement are as follows:

Article III

This decree must be published in the Official Gazette, and comes into force from the date of its publication.

Issued on: 18 Sha’ban 1417
Corresponding to: 29 December 1996

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 590 issued on 1 January 1997.