WESTBURNE OIL LIMITED

Company number 01021630

Account agreement-first fixed charge,account agreement-fixed charge (subject to first fixed charge in favour of secretary of state fortrade and industry (the "first charge") and fixed charge in favour of sovereign oil & gas PLC (the "second charge") contained therein)

• Created: 30 December 1993
• Delivered: 11 January 1994
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• The Secretary of State for Trade and Industry

Amount secured

(1) payment of amounts first payable from receipts account under first receipts accounts order of payment as specified in account agreement and (2) payment of any surplus to the retention account as specified in account agreement

Short particulars

The company's trust assets and (subject to any prior ranking security) all its right, title and interest in and to emerald crude (each as specified in the account agreement) and the company's trust assets and (subject to any prior ranking security) all its right, title and interest in and to emerald crude, after deduction of the first amounts and second amounts, being the amounts secured pursuant to the first charge and second charge (each as specified in the account agreement). See the mortgage charge document for full details.