EX-10.3 4 a14-19714_1ex10d3.htm EX-10.3
1-Document du Gouvernement américain caché aux sénégalais
Exhibit 10.3
DEED OF TRANSFER
BETWEEN
LA SOCIETE DES PETROLES DU SENEGAL
(PETROSEN)
TIMIS CORPORATION LIMITED
AND
KOSMOS ENERGY SENEGAL
Concerning
The Hydrocarbons Exploration and Production Sharing Contracts and Joint Operating Agreements covering the following Permits:
· Saint-Louis Deep Offshore
· Cayar Deep Offshore
DEED OF TRANSFER
The present Deed of Transfer (“Deed of Transfer”) is entered into between:
· The Company Société des Pétroles du Sénégal (PETROSEN), a Limited Company under Senegalese Law, registered in Dakar with the Trade Register under the Number RC SN-DKR-1981-B-82, modified under the number SN-DKR-2013-M-4659, whose registered office is located in Dakar, Route du Service Géographique, Hann, BP Box 2076, hereinafter referred to as “PETROSEN”, and herein represented by its General Manager Mr. Mamadou FAYE, with full powers to this effect,
On the first hand
· The Company TIMIS CORPORATION Limited, a Limited Company under the Law of the British Virgin Islands, registered in Road Town with the Trade Register under the Number 18 07772, whose head office is located in Trident Chambers, Wickhams Cay, P.O. Box 146, Road Town, Tortola, hereinafter referred to as “TIMIS CORPORATION Limited”, and herein represented by Mr. Guy Blakeney, acting under a Power of Attorney (POA) for TIMIS CORPORATION Limited, with full powers to this effect,
On the second hand
AND
· The Company KOSMOS ENERGY SENEGAL, a Limited Company under the Law of the Cayman Islands, registered in the Caymans Islands in the Trade Register under Number WT-290078, whose registered office is at 4th Floor, Century Yard, Cricket Square, Hutchins Drive, Elgin Avenue, George Town, Grand Cayman KY1-1209, Cayman Islands, hereinafter referred to as “KOSMOS ENERGY SENEGAL”, and herein represented by Mr. Ragnar Fredsted, acting under a Power of Attorney (POA) for KOSMOS ENERGY SENEGAL, with full powers to this effect,
On the third hand
PETROSEN, TIMIS CORPORATION Limited and KOSMOS ENERGY SENEGAL are collectively called “the Parties” and individually, “the Party”.
RECITALS:
WHEREAS on the date of 17 January 2012, PETRO TIM Ltd, the Société des Pétroles du Sénégal (PETROSEN) and the Republic of Senegal (“the State”) entered into two Exploration and Production Sharing contracts related to the Cayar Deep Offshore and Saint-Louis Deep Offshore permits (“the Contracts”), approved respectively by Decree No. 2012-596 and Decree No. 2012-597 of 19 June 2012.
WHEREAS on the date of 26 September 2012, PETRO TIM Ltd and PETROSEN entered into two Joint Operating Agreements (the “Joint Operating Agreements”), approved by the Minister in charge of Energy on the date of 25 October 2012, and relating to the work to be executed within the framework of the Contracts.
It being understood that only the above-cited Joint Operating Agreements, approved by the Minister in charge of Energy on the date of 25 October 2012, remain valid.
WHEREAS PETRO TIM Ltd held in the Contracts a ninety percent (90%) participating interest, as well as a ninety percent (90%) participating interest in the Agreements; while PETROSEN holds a ten percent (10%) participating interest in the Contracts as well as a ten percent (10%) participating interest in the Agreements (interest which is carried during all the exploration periods).
WHEREAS, through a deed called “ASSET PURCHASE AGREEMENT” dated 3 July 2014, PETRO TIM Ltd transferred to TIMIS CORPORATION Ltd a participating interest equal to ninety percent (90%), or all of its participating interest in both the Contracts and the Agreements.
It being understood that PETROSEN decided not to exercise its right of pre-emption.
This total transfer was approved by Ministerial Order No. 12328 of 4 August 2014.
Considering further, that by the Deed referred to as “FARMOUT AGREEMENT” dated 19 August 2014, TIMIS CORPORATION Ltd is transferring to KOSMOS ENERGY SENEGAL a participating interest equal to sixty percent (60%), both in the Contracts and in the Agreements, consecutive to the option of PETROSEN, which consisted of not exercising its right of preemption.
WHEREAS the Parties to this Deed of Transfer have accepted the terms and conditions under which KOSMOS ENERGY SENEGAL acquires from TIMIS CORPORATION Ltd:
· Sixty percent (60%) of the participating interest in the Contracts (the “Interest Transferred in the Contracts”); and
· Sixty percent (60%) of the participating interest in the Agreements (the “Interest Transferred in the Agreements”) which, together with the Interest Transferred in the Contracts, constitute the “Transferred Interest”.
NOW, THEREFORE, it is agreed as follows:
Article 1: Purpose
The transfer effected hereby to the benefit of KOSMOS ENERGY SENEGAL is free from any privileged debt, claim, obligation or duty, other than the debts, claims, obligations or duties in favour of the State applicable in accordance with the Contracts and the applicable laws, and KOSMOS ENERGY SENEGAL accepts, by this Deed, the transfer of the Transferred Interest. PETROSEN hereby consents to the Transferred Interest.
Article 2: Distribution of Participating Interests
After giving full effect to the above-cited transfers, the participating interests held in the Contracts and the Agreements by PETROSEN, TIMIS CORPORATION Ltd and KOSMOS ENERGY SENEGAL are as follows:
Contracts | Agreements | ||
PETROSEN | 10% | PETROSEN | 10% |
TIMIS CORPORATION | 30% | TIMIS CORPORATION | 30% |
KOSMOS ENERGY SENEGAL | 60% | KOSMOS ENERGY SENEGAL | 60% |
Article 3: Transfer of rights and obligations related to the Transferred Interest
KOSMOS ENERGY SENEGAL hereby accepts all the rights and obligations related to the Transferred Interest, including the status of Operator, as presented in the terms of the Joint Operating Agreements.
Article 4: Compliance with Laws and Obligations
KOSMOS ENERGY SENEGAL agrees to comply with all the terms and conditions of the Contracts and Joint Operating Agreements.
Article 5: Entry into Force
The present Deed of Transfer takes effect in accordance with the provisions of Article 29.1 of the Contracts and Article 14.6 of the Joint Operating Agreements.
Article 6: Communications and Notice
All notifications or other communications related to this Deed of Transfer shall be sent in writing and will be considered as having been remitted once they are brought or delivered by prepaid registered mail, with acknowledgement of receipt, or sent by telex, telecopy or electronic mail (with acknowledgement of receipt) to the below address for service:
For the SOCIETE DES PETROLES DU SENEGAL
General Manager
Route du Service Géographique, Hann,
BP 2076 Dakar-Senegal
Tel: (221) 33 839 9298 Fax: (221) 33 832 1899
Email: petrosen@petrosen.sn
For TIMIS CORPORATION LIMITED
General Manager
Trident Chambers, Wickhams Cay
Tortola
Email: mark@franktimis.com
For KOSMOS ENERGY SENEGAL
Attention General Counsel
Kosmos Energy, LLC
8176 Park Lane, Suite 500
Dallas, TX 75214 USA
Tel.: + 1 214-445-9600
Fax: + 1 214-445-9705
Email: KosmosGeneralCounsel@kosmosenergy.com
IN WITNESS WHEREOF the Parties have executed this deed in five (5) originals through their respective duly authorized representatives.
Done in Dakar, on 25 August 2014
SOCIETE DES PETROLES DU SENEGAL
By | /s/ Mamadou FAYE | | ||
| | |||
Mamadou FAYE | [official seal] | | ||
General Manager | Société des Pétroles du Sénégal | | ||
| PETROSEN | | ||
TIMIS CORPORATION LIMITED | | |
| | |
By | /s/ Guy Blakeney | |
Guy Blakeney | | |
Acting under a Power of Attorney (POA) | | |
| | |
| | |
KOSMOS ENERGY SENEGAL | | |
| | |
| | |
By | /s/ Ragnar Fredsted | |
| | |
Ragnar Fredsted | | |
Acting under a Power of Attorney (POA) | |
http://www.jo.gouv.sn/spip.
http://www.jo.gouv.sn/spip.
3-Le rapport de "Kosmos Energy" dans le marché pétrolier où on peut voir toute la procédure. Vous remarquerez que le 17 janvier 2012 sous Me Abdoulaye Wade les négociations avaient commencé entre le Sénégal et Petro Tim mais aucun décret n’était signé par Me Wade. Toutefois, il confirme encore le décret de Macky Sall qui a approuve les puits de Siant Louis et Kayar en faveur de Petro-Tim
sous la période allant du 03/11/14 au 30/09/14.
http://www.otcmarkets.com/
4-L’organigramme de PETROASIA la maison mére de PETRO TIM qui a fermé son site internet depuis qu’il a vendu ses 90 ?% . L’entreprise n’est plus visible sur le net
www.petroasis.com
>[http://www.petroasia.com/
5-Cheikh Tidiane GASSAMA Office managrer de PETRO TIM SENEGAL
https://www.linkedin.com/pub/
6-Le Sénégal comparé aujourd’hui à un célèbre bassin de pétrole du Mexique : Cantarel Field
http://www.rigzone.com/news/
7-Les sites spécialises en énergie qui parlent de la compagnie Petro- Tim crée par Frank Timis et le frère du Président Sénégalais en l’occurrence Aliou Sall
crossborderinformation.com
http://archive.
VOICI LES DOCUMENTS DU GOUVERNEMENT AMERICAIN
2-Les deux décrets de Macky SALL qui donne les licences
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2-Les deux décrets de Macky SALL qui donne les licences
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