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                                                                  EXHIBIT 10.14


                            TERMINATION AGREEMENT


WHEREAS the parties hereto are parties to a Stock Purchase Agreement (the
"Agreement") made the 15th day of July, 1995; and

WHEREAS the parties agree to terminate the Agreement and to absolutely release
one another from any obligations or liabilities arising thereunder;

NOW, THEREFORE in consideration of the mutual covenants and agreements
hereinafter contained, the parties hereto agree as follows:

1.      The undersigned parties agree and confirm that the Agreement is
        terminated in its entirety.

2.      Each of the undersigned parties hereby wholly and fully release and
        discharge the others from any and all obligations or liabilities,
        absolute or contingent, arising under or in connection with the
        Agreement.
        
3.      This agreement may be executed in any number of counterparts, each of
        which when so executed and delivered (whether an original or facsimile
        copy) shall be deemed to be an original, all of which, when taken
        together, shall constitute one and the same agreement.
        
IN WITNESS WHEREOF the parties have executed this agreement this 10th day of
September, 1995.

SABA PETROLEUM COMPANY


By:        /s/ WALTON C. VANCE
    ---------------------------------
     Walton C. Vance, Vice President    


CAPCO RESOURCES, INC.


By:        /s/ ILYAS CHAUDHARY
    ---------------------------------
       Ilyas Chaudhary, President