Notice of Appointment of Receivers
Pursuant to Section 8 of the Receiverships Act 1993
Michael Joseph Patrick Ryan and Ian Charles Francis, of Taylor Woodings, Level 6, 30 The Esplanade, Perth, Australia, and Paul Graham Sargison, of Gerry Rea Partners, Level 7, 59 High Street, Auckland, all insolvency practitioners, hereby give notice that on 15 January 2010 they were appointed receivers of certain property of TOTARA ENERGY LIMITED ("the company") under the powers contained in instruments dated the 18th day of December 2006 and the 22nd day of December 2006.
The receivers have been appointed in respect of:
(a) all royalties received or to be received by the company and all other rights of the company pursuant to an overriding royalty agreement between the company as grantee and Cheal Petroleum Limited as grantor dated the 31st day of July 2009; and
(b) all residual rights of the company under an agreement for sale and purchase of assets
between Austral Pacific Energy (NZ) Limited
(in receivership), the company as vendor, and Cheal Petroleum Limited as purchaser dated the 31st day of July 2009.
PAUL GRAHAM SARGISON, Joint Receiver.
The Offices of the Receivers are at: Gerry Rea Partners,
PO Box 3015, Auckland. Telephone: (09) 377 3099. Facsimile: (09) 377 3098. Email: psargison@gerryrea.co.nz