合作意向书英文

合作意向书英文

【篇一：英文版合作意向书 loi english】

henan cbm development and utilization co., ltd

and

dart energy pte ltd

and

hong kong prosperous clean energy company ltd

letter of intent on cooperative

development of unconventional gas

dated: may 20, 2013

cooperating parties:

party a: henan cbm development and utilization co., ltd

party b: dart energy pte ltd

party c: hong kong prosperous clean energy company ltd

a. precondition to the cooperation

1. party a is a business entity incorporated under the approval of henan provincial

government. it is responsible exclusively for coal bed methane (cbm) exploration, extraction and production, development and utilization in henan province and is the first provincial cbm development and utilization company in china. party a has obtained the qualification to exclusively cooperate with foreign enterprises.

2. party b is a company incorporated and operating under the laws of singapore. the

company has the technical and capital capabilities of t assessing cbm resources, designing appraisal and pilot drilling programs and subject to technical success of those programs, moving to developing and producing commercially viable cbm. it has developed innovative, low cost horizontal and vertical drilling technology that is instrumental in establishing the sustainable growth of commercial cbm production and pre-drainage of several coal mining areas.

3. party c focuses on clean energy and is engaged in development and utilization of

automotive new energy, including lpg, cng and cbm. now the company has eight cng gas stations, two lpg gas stations and one l-cng gas station in operation.

4. it is the intention of the parties that party a and party b will cooperate and carry out

exploration work in the 6 cbm blocks under the principle of “easier block/cherry-pick development first” subject to the condition that the choice is beneficial to all parties.

5. as part of the process of entering into the pscs, the parties wish to commence a

technical evaluation with a view to determining the feasibility and scale of cbm exploration and development within the corresponding areas. to this end, all parties agree to include a confidentiality clause in this loi with the aim of facilitating the providing and sharing of appropriate data.

6. party b and party c agree to cover the costs to carry out the technical due diligence

and evaluation, and the parties agree to formulate the indicative timetable for the negotiation of the psc in details after the completion details after the completion of the technical due diligence and evaluation.

b. cooperation intention

1. evaluation. the parties propose to carry out a technical commercial legal

evaluation of the feasible area selected by party a to determine the potential for cbm resources. the evaluation shall also identify a preliminary view of the most promising areas for initial exploration activities, follow-up appraisal and potential development of a full-scale cbm project in the corresponding area.

2. technical data. party a will use its best endeavors to coordinate the collection of

technical data for the cooperated areas, as may be necessary to conduct the technical, commercial and legal evaluation. at the same time, party a will also arrange for party b and party c to carry out site and underground mine visit(s) of the corresponding areas as appropriate and, if possible, carry out analysis of physical coal samples and available drill cores available from previous drill core programs undertaken in respect of the corresponding areas.

party a shall endeavor to arrange appropriate staff and party b and party c’s technical personnel to work together, in order to complete all the technical, commercial and legal evaluation,