Assignment of Joint Exploration And Development

EXHIBIT 10.30


ASSIGNMENT
OF
JOINT EXPLORATION
AND
DEVELOPMENT AGREEMENT


This Assignment is entered into among Camwest Limited Partnership, an Arkansas limited partnership ("Camwest"), CamWest Exploration LLC, an Arkansas limited liability company ("Exploration"), Pinnacle Oil International, Inc. a Nevada corporation ("POII), Pinnacle Oil, Inc., a Nevada corporation ("POI"), and Pinnacle Oil Canada, Inc., a corporation formed under the laws of Canada ("POC"). POII, POI, and POC are referred to herein collectively as "Pinnacle".


RECITALS:


A. Camwest and Pinnacle entered into a Joint Exploration and Development
Agreement dated as of April 3, 1998 (the "Development Agreement").


B. Exploration has been formed by the members of Camwest to fund the
capital requirements of and pursue the opportunities under the
Development Agreement.


C. In accordance with the terms hereof, Camwest wishes to assign its
rights under the Development Agreement to Exploration.


NOW THEREFORE in consideration of the above premises and the mutual promises stated below, the parties agree as follows:


1. Assignment. In exchange for the considerations set forth below and the
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mutual promises stated herein, Camwest hereby assigns to Exploration,
and Exploration hereby accepts the assignment of, all of Camwest's
right, title, and interest in, to, and under the Development Agreement.
In consideration for the assignment set forth above, Exploration h ...