On June 21, 2007, Syntroleum International Corporation (“Syntroleum International”), a direct wholly owned subsidiary of Syntroleum Corporation (“Syntroleum”), and Syntroleum have entered into an amendment deed (the “Amendment”) with African Energy Equity Resources Limited (“AEER”), a direct wholly owned subsidiary of Energy Equity Resources (Norway) Limited (“EERNL”), and EERNL. The Amendment amends the terms and conditions of the share sale and purchase agreement that the parties entered into on January 19, 2007 and the terms and conditions of the first amendment deed the parties entered into on March 30, 2007. Under the Amendment, AEER will pay Syntroleum International the remaining balance of $7,171,802 by July 2, 2007. Previously on May 9, 2007 Syntroleum International received $1 million from AEER as discussed in the Form 8-K filed on May 8, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SYNTROLEUM CORPORATION
Date: June 21, 2007
By: /s/ Richard L. Edmonson
Richard L. Edmonson
Senior Vice President, General Counsel and
Corporate Secretary