EXPERT WITNESS CAPABILITY

INTRODUCTION

Oilfield International started operations in 1990.

The company offers the following expertise:  Geology, Geophysics, Petrophysics

 Reservoir/Petroleum/Facilities/Pipeline Engineering

 Well Completions, Well Design & Testing

 Development Planning

 Costing, Scheduling and Economics

 HSE

It undertakes:

 Reserves Determinations, Competent Persons Reports (CPRs)

 Expert witness services.

 M&A Advisory; Preparation of information memoranda for mergers & acquisitions, and farm-outs.

 The design, tendering and execution of seismic surveys

 The design, tendering and execution of well drilling and flow testing

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Resumés of Experts

Qualifications & Oilfield Name Major Employment Relevant Expertise Role Passport Base Training Experience

Competent BSc, MSc (Pet Eng), Project management, Competent Person Reports (Russia, person; resource MBA, C.Eng, F Geol. British Gas, PA Strategy Namibia, Madagascar). In-depth expertise in reservoir auditor; cost & Tim Lines Competent Person: 35 years Consulting, Oilfield engineering & modelling; surface facilities engineering; field UK UK schedule LSE, SEC, ASX/JORC, International development; project management; cost and schedule estimator, TSX estimation; post-tax economic analysis; and EPC contracts. economics

Texaco, Shell, Petroleum systems and regional play analysis, prospect Radim Petrokazakhstan, generation and development to drillable status, screening of USA & BS, MS Geology 23 years Geologist Czech Kolarksy Independent Consultant & external opportunities and asset evaluations, volumetrics, Czech Oilfield International and risking.

Completion design, facilities design. Surface Facilities Petroleum Pluspetrol, Wintershall, Commissioning and Production Engineering background with Engineer, Konstantin Yukos, Burlington BSc,MSc (Pet Eng) 22 years emphasis in Well Testing, Stimulation operations, Gas Completions Greece UAE Zorbalas Resources, Saudi Aramco, Operations, Waste Management (cuttings reinjection), Engineer, Oilfield International Workover/Remedial Operations and Heavy Oil Technology. Operations

Ecopetrol, BP-Bridas, Guillermo Design and drilling of horizontal shale wells and deep USA & Moscow, BSc(Civil Engineering) 21 years Pluspetrol, Oilfield Drilling Ramires onshore wells Argentina Russia International Petroleum Encana Chair in Petroleum BSc, MSc, PhD Engineer, Prof. Farouq Engineering, University of Canada, Petroleum and Natural 40 years A world authority on heavy oil recovry Completions Canada Ali Calgary. Member US Pakistan Gas Engineering Engineer, Academy of Engineering Operations

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Qualifications & Oilfield Name Major Employment Relevant Expertise Role Passport Base Training Experience

MSc Mathematics; Landmark, Repsol, Geostatistical description and 3D modeling specialist. David Curia MSc Geology; Post 30 years Independent Consultant, Extensive knowledge of geophysical processing and Geophysicist Argentina Argentina Degree Geophysics Oilfield International interpretation in many countries. Visiting professor in Prof. Lic. structural geology at the Victor U. Mendoza; Assoc. MSc Geology 40 years Reserves and Resources Audit; Exploration Worldwide Geologist Argentina Argentina Ploszkiewicz Professor of Geology IPyG (Geologist) Buenos Aires U.; Oilfield International Chevron Nigeria MSc Applied K-Kay Kanu 40 years (Exploration Manager); Reserves and Resources Audit; West Africa Geologist Nigeria Nigeria Geophysics Oilfield International Professional Level 6 Industrial Engineering, U Tachira, Venezuela; Development of environmental monitoring plans, PDVSA; Independent Diploma environmental awareness, management of hazardous and Environmental Oscar Mora 17 years Consultant; Associate Venezuela Venezuela Environmental non-hazardous, EIA, inspection and field supervision. Scientist Oilfield International Management; environmental monitoring in remote areas. Diploma Health and Safety,UNESCO

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TIM LINES MANAGING PARTNER PETROLEUM ENGINEER AND ECONOMIST

Over 30 years’ experience of oil and gas upstream asset and company reserves determinations and audits; valuations; oil and gas field development planning and execution; project management; and due diligence. He has been involved in projects in about 40 countries in the last 15 years. He has in-depth expertise in reservoir engineering & modelling; surface facilities engineering; field development planning project management; cost and schedule estimation; post-tax economic analysis; and EPC contracts. He has served as an expert witness for the Enforcement and Financial Crimes Division (Insider Trading) of the UK Financial Services Agency (now Financial Conduct Authority), and also in commercial disputes in Azerbaijan, and Russia. He has been Programme Chair of the Society of Petroleum Engineers (London) since 2000.

He founded Oilfield International in 1990. He satisfies the requirements for a Competent Person and a Reserves Auditor under NYSE, LSE; ASX; TSX; HKEx and is fully cognisant of the SPE PRMS as adopted by a.o. the JORC/VALMIN code; and also UNFC; COGEH and the SEC regulations and guidelines. MSc & DIC Petroleum Engineering (Imperial College, UK), MBA, Chartered Engineer, Fellow of the Geological Society, UK; Fellow of the Royal Society of Arts, UK; Member of the Institute of Gas Engineers; Post-graduate member of the Institute of Materials, Minerals and Mining (IOM3); and Freedom of the City of London.

Expert Witness and Independent Opinion Assignments

 Financial Services Authority UK, Enforcement-Wholesale Group. R v Neel and Matthew Uberoi (2008-9). Work Done: expert witness report for the FSA on Gulf Keystone insider trading prior to farm-in by BG plc to an Algerian Gas field owned by Gulf Keystone. This was one of the FSA’s first successful Insider Dealing Prosecutions. Reported at [2008] EWHC 3191 (Admin).  Solicitor: Gordon Dadds LLP, UK. Claimant: Rosserlane Consultants Ltd. and Swinbrook Developments Ltd.; Respondent: Credit Suisse International (2014). High Court of Justice, Chancery Division, Case No. HC-2012-000030. Work Done for the Claimant: Valuation of Kyrovdag oilfield onshore Azerbaijan (Apr-Jun 14); discontinued work due to conflict of interest. Result: No claim awarded against Respondent  Solicitor: Gornitzky & Company, Israel. Claimant: ; Respondent: Yam Tethis/Noble Energy (2012). Work done for the Claimant: prepared the technical report proving Noble Energy was negligent in its development and operation of the Mari B gas field resulting in an abrupt decline on gas production to the Claimant, resulting in him incurring additional costs to buy heavy fuel oil. Result: settled before claim heard.  Solicitor: FriedFrank, New York, USA. Claimant: Oilfield Refineries Ltd, , Israel; Respondent: Yam Tethis/Noble Energy (2012). Work done for the Claimant: minor consultations prior to recommending proceedings be discontinued.  Solicitor: Memery Crystall LLP, UK. Claimant $1.65 billion Excalibur Ventures LLC; Respondent Gulf Keystone Petroleum Ltd (Jan 2010). Work Done for the Respondent: review Iraqi Kurdistan oil field development plan documents and economics model and provided opinion on value. Result: No claim awarded against Respondent.

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RADIM KOLARSKY GEOPHYSICIST AND BUSINESS DEVELOPMENT MANAGER FSU

Radim Kolarsky (B.S. 1989 George Washington University, M.A. 1992 The University of Texas) is a broad-based geoscientist (predominantly a geophysicist) and project manager. He has 24 years of wide-ranging experience in the international oil and gas industry, with a specific focus on Africa, Asia, FSU, and the Middle East. His experience ranges from new ventures and regional exploration on basin scale, to exploration and appraisal on block-scale, to full-scale field development work, including detailed work on reservoir scale. He is a highly skilled 2D/3D seismic interpreter with a solid foundation in robust G&G integration, sound subsurface mapping and well log correlation, sedimentology, sequence stratigraphy, structural geology and basin tectonics.

Regions worked:  Africa – Cote d’Ivoire, Ghana, Nigeria, Cameroon, Equatorial Guinea, Angola; Ethiopia, Kenya, Tanzania, Mozambique, Madagascar; Tunisia, Egypt  SE Asia/Australia – Australian NW Shelf, Indonesia, Papua-New Guinea, Thailand. Myanmar  Middle East – Iran, UAE, Oman  Europe/FSSR – Alpine/Carpathian Fold Belt, Black Sea, Kazakhstan, Georgia, Azerbaijan, Ukraine North America – deepwater, onshore, shelf Gulf of Mexico

Expert Witness and Independent Opinion Assignments  Claimant: Watson Energy LLC; Respondent: Exxon Corporation (1999). Louisiana Commission of Conservation. Work Done for the Claimant: submitted report used as expert witness testimony regarding the unitization of oil and gas reserves for the Pecan Island field after disagreement of the proportion of oil and gas reserves in the field owned by Claimant and Respondent. Result: settled before claim heard.  Claimant: Watson Energy LLC; Respondent: Exxon Corporation (2000). Louisiana Commission of Conservation. Work Done for the Claimant: submitted reports used as expert witness testimony regarding the unitization of oil and gas reserves for the Matagorda field, Brazos field and South March Island fields in the Gulf of Mexico.

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KONSTANTIN ZORBALAS PRODUCTION ENGINEER BUSINESS DEVELOPMENT MANAGER MIDDLE EAST

Diverse experience of 23 years in the Oil & Gas industry with international postings in nine countries and four continents, including three years in Algeria for Burlington Resources and more recently as an instructor to ENI Algeria. Wide exposure in the Middle East and Northern Africa (MENA) with postings in Saudi Arabia, Qatar, UAE and Libya as well as Algeria. Surface Facilities Commissioning and Production Engineering background with emphasis in Well Testing, Stimulation operations, Gas Operations, Waste Management (cuttings reinjection), Workover/Remedial Operations and Heavy Oil Technology. M.Sc, B.Sc Petroleum Engineering

References Craig Turner, MLN Operations Manager, ConocoPhillips, Algeria; e: [email protected] Victor Koosh, VP/Partner, Caesar Systems, Houston, USA; e: [email protected]

Expert Witness and Independent Opinion Assignments

 Extensive in-situ inspections for several assets and yards/warehouses in Russia in order to assess their capability to build a fixed steel based drilling/production platform for the development of a field in the Arctic. Visited Sevmash in Severodvinsk, one of the biggest shipyards in Russia and in the world and produced a capability report for the above purpose together with other members of the Team. Client: Wintershall AG (Russia)  Inspected several production sites to assess the capability of production enhancement through artificial lift or pumping improvements with western pump technology. Client: Wintershall AG (Russia)  Headed the investigation Team at REDA Corporation’s Industrial Materials warehouse in Ras Al Khaimah, UAE regarding the initial two failures of Electrical Submersible Pumps (ESP) installed at Saudi Aramco's offshore field. Witnessed the dismantling of the pumps for postmortem analysis. Submitted a report concluding that electrical components had short-circuited resulting to the malfunction and eventual failure of the pumps. The findings were used to renegotiate the maintenance contract with Schlumberger on the mentioned ESP operations in this offshore field with 88 ESP's installed by REDA.  Co-authored reserves assessment report used in a US Court for a [Confidential] client who needed an oil reserves assessment to claim revenues from his property in a dispute.

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GUILLERMO RAMIRES CONSULTING DRILLING ENGINEER

Guillermo has 20 years’ experience of onshore and offshore drilling and completion operations, and drilling management. He is currently managing the design and drilling of horizontal multi- stage-frac shale wells in Russia. He completed an assignment a year ago with Ecopetrol in Columbia managing 30 onshore drilling rigs, drilling over 200 wells per year and working over 400 wells per year. He has undertaken assignments with Occidental as a driller and drilling manager in USA, Colombia, Argentina (2006-2010).

He was previously employed by Pan American Energy (BP Joint venture with Bridas) working across Argentina ultimately responsible for all drilling operations (2001-2006). Prior to that he was employed by Pluspetrol as a drilling coordinator in Tunisia and Algeria, and drilling supervisor in Bolivia, Argentina and North Africa (1994-2001)

BS Civil Engineering – Comahue University, Argentina. Guillermo holds USA and Argentina passports and operates out of Moscow.

Expert Witness and Independent Opinion Assignments  A “postmortem” on the failure of down hole tools in a well  The accuracy of laboratory tests on the properties of drilling fluids and slurry, a pre- requisite to well drilling operations  The accuracy of pressure integrity tests for blow out preventers (“BOP”s) and for the failure of the rock formation under extreme pressure, a pre-requisite to safe operations whilst drilling. (The failure of the Blow-Out Preventer on BP’s Deepwater Horizon rig on the Macondo well led to the loss of 11 lives).

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DAVID CURIA GEOPHYSICIST BUSINESS DEVELOPMENT MANAGER SOUTH AMERICA 30 years’ experience in exploration geology and reservoir geophysics. Geostatistical description and 3D modeling specialist. Extensive knowledge of geophysical processing and interpretation in many countries. From 1982 to 1985 he was employed by GSI for field recording and processing, from 1985 to 1990 he was special studies geophysicist for YPF; in 1990-1993 he worked in CADIPSA in exploration geophysics; and in 1993 he was employed by LANDMARK as a system software support and geophysical interpreter. Since 1993 he has been Independent Exploration and Reservoir Evaluation Consultant Analyst. His technical skills include:  Computer applications; digital data manipulation; integration; and interpretation.  Reservoir Geophysics: Attribute Analysis; AVO; Acoustic and Elastic Inversion  Reservoir Modeling: 3D Cellular Modeling; Geostatistics  Quantitative seismic data interpretation: Inversion pre-and post-stack, synthetic modelling; prospect and risk analysis; Geological and Geophysical Data Integration  Mapping & Geographic Information Systems: analyzing and synthesizing geologic/environmental data  Software design and development: 2D & 3D graphics programs for visualizing geologic map information, GIS related information

He holds two Masters Degrees: in Mathematics and in Geology. He is OIL’s business development manager.

References Peter Duncan. Chairman and Co-Founder of Microseismic Inc; e: [email protected] Thomas Davis. RCP Director. Colorado School of Mines; e: [email protected]

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PROF. FAROUQ ALI ENCANA CHAIR IN PETROLEUM ENGINEERING UNIVERSITY OF CALGARY

Prof Farouq Ali has conducted more than 350 oil/gas reservoir studies. His specialties are: improving oil recovery from reservoirs; numerical reservoir simulation; heavy oil recovery, steam injection, in situ combustion, chemical flooding; micellar flooding;

 an elected member of the US National Academy of Engineering  holds the Kapitsa Gold Medal from the Russian Academy of Sciences (described as equivalent to a nobel prize)  awarded the Anthony F. Lucas gold medal for technical excellence, the highest award of the Society of Petroleum Engineers 2007  is regarded a world authority on heavy oil recovery.

 Authored four books on oil recovery and numerical simulation  Authored over 500 technical papers.  Presented over 300 invited lectures and talks.  Written over 100 sponsor and company reports.

 Ph. D. in petroleum and natural gas engineering, Pennsylvania State University, U.S.A. (1964), M. S. in petroleum and natural gas engineering, Pennsylvania State University, U.S.A. (1962),  B. Sc. (Hons.) in petroleum production engineering, Birmingham University, England (1960),  B. Eng. in electrical and mechanical engineering, Karachi University, Pakistan (1956). o Holds testimonials in various languages from the above universities.

Farouq holds Canadian and Pakistan passports and operates out of Calgary.

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PROF. LIC. VICTOR PLOSZKIEWICZ CONSULTING GEOLOGIST

Victor has 40 years’ experience in geological and geophysical interpretation and holds a M.Sc. in geology from the University of Buenos Aires. He was visiting professor in structural geology at the University of Mendoza, and Assoc. Professor of Geology IPyG Buenos Aires Univ. (1980- 2004). He is author of over ten research papers for a.o. the Society of Exploration Geophysics and the American Association of Petroleum Geologists, (1994, poster session).

He was President of the Asociacion Argentina de Geologos y Geofisicos Petroleros. (AAGGP) 1997-2000; Vice President of Asociacion Geologica Argentina.(2003-2006); AAPG Country Contact for Argentina ; Latin American Region, (1983-87); a Member of the Latin America International Regional House of Delegates (HOD) of the American Association of Petroleum Geologists (AAPG), July 2002-June 2005.

In addition to extensive experience in South America, Victor has worked all over the world and has recently completed a geological analysis of three East Siberian licence blocks. He has also evaluated fields in Chechnya and Kazakhstan.

Specific Expertise: . Basin Evaluation and prospects generation. . Structural analysis, compression and extension. . Developed new concepts in the comprehension of structural geometries in different basins. . Used seismic stratigraphy as a tool to validate prospects and structural interpretations. . Oil & Gas finder in more than one play, in complex structural geometries and stratigraphic plays . Structural and stratigraphic analysis. . Section balancing and restoring; DIP METER and Formation Image interpretation. . Seismic interpretation, structural and applied seismic stratigraphy. . Prospect and New Plays generation. . Well locations . Reserves estimation

Victor holds an Argentina passport and operates out of Buenos Aires.

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KANU (K-KAY) KANU GEOLOGIST AND EXPLORATIONIST BUSINESS DEVELOPMENT MANAGER AFRICA

40 years’ working experience in the Upstream petroleum industry covering several African basins.

Worked for Chevron Nigeria for over 36 years and retired as Exploration Manager West Africa in 2014. Excellent understanding of the Niger delta geology and good exposure to Africa geology and opportunities.

Good understanding of Nigeria oil industry and regulatory processes.

Participated in many Niger delta blocks asset sales and marginal fields processes

Experienced Geophysicist with a very high level of 2D and 3D seismic interpretation expertise.

BSc. Applied Geophysics. 1976.

Nigerian Passport

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OSCAR MORA ENVIRONMENTAL ENGINEER

Industrial engineer with 16 years of experience in the area of hydrocarbons, specifically in the development of environmental monitoring plans, environmental awareness, management of hazardous and non-hazardous, EIA, inspection and field supervision. environmental monitoring in the Amazon jungle and remote areas.

Audits spills of crude oil, identifying checkpoints and areas of sacrifice.

Preparation of emergency plans, safe handling of explosive material, quality control, personnel management, statistical analysis and control, logistics.

Identification and compliance with legal requirements and requirements Safety, Environment and Occupational Health.

Facilitator courses Management Systems Quality, Safety, Environment and Occupational Health.

Development in implementation of specific programs Environmental Safety, Health

Occupational and according to international standards in terms ACGR, PDVSA, INPSASEL, RUC, among others.

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1. CORPORATE Experience (5 years)

Date From Date To Company Country Service

Information Memorandum for fundraising; reserves, resources and economics Jan-16 Current RICORP, Russia Russia determination of one producing field and several prospects in Astrakhan Oblast Contingent resources audit (oil and gas discoveries); appraisal wells, development and May-15 Current [Confidential] Libya, fallow acreage export plans; cost estimates, economics, information memorandum, sales brochure and farm-out documentation Contracted as operator: well targeting; government negotiations; EIAs; land lease Sep-14 May-15 JSX, BVI Thailand, Block L14-50 negotiations; well, data acquisition and testing design; issue ITTs; and evaluate bids. Well execution pending. 2D & 3D seismic design; prepare and issue ITT; and evaluate bids. Seismic acquisition Nov-14 Feb-15 JSX, BVI Thailand, Block L14-50 pending. Astrakhan, Russia (Verbluzhye and Oct-14 Current Southern Oil Corporation, Russia CPR Verbluzhye heavy oil field (three phases) N Verbluzhe licences) Kazakhstan, North Karamandybas Initial advice on proposed purchase of N Karamandybas field from MJ Investment Oct-14 Oct-14 Simrose, Monaco field) Holdings Oct-14 Oct-14 Rockstone Resources, BVI Thailand Blocks L43, L33, SW1A Due Diligence on Purchase of Carnarvon's 10% WI Jun-14 Sep-14 Rockstone Resources, BVI Vietnam Blocks 10, 11.1, 21 Data Room & initial prospectivity report Apr-14 Jun-14 Gordon Dadds Solicitors LLP, UK Azerbaijan Valuation of onshore oilfield for arbitration guidance Data room; interpetation of 12,000 km 2D and identification of four leads; expected Feb-13 Apr-14 Rockstone Resources, BVI Vietnam, Block 50 monetary valuation, preparation of information memorandum and fundraising presentation; assistance in road show Astrakhan, Russia (Verbluzhye and Jan-14 Feb-14 Southern Oil Corporation, Russia Petrophysical analysis of Verbluzhye heavy oil field N Verbluzhe licences) Sep-13 Nov-13 Winter Finance, Liberia Nigeria, OML 4, 38, 41 Due Diligence on Pre-IPO investment in Seplat plc (a local Nigerian oil company) Oct-13 Oct-13 Rockstone Resources, BVI Vietnam Block MVHN-02 Due Diligence on Purchase of Quad Oil's 50% WI

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Report to shareholders on reserves audit, development plan, costs, cash flows, Jun-13 Oct-13 Jupiter Energy, Australia Kazakhstan, Block 31 management and operational capability Mar-13 Apr-13 Rockstone Resources, BVI Thailand, Blocks 52, 53 Due Diligence on Farm-in Data room; interpretation of 2D sesimic; identification of three leads and GCOS; and Sep-12 Apr-13 Rockstone Resources, BVI Thailand, Block L14-50 expected monetary valuation Sep-12 Feb-13 Tower Resources, UK Namibia, Licence 0010 CPR Update Russia, E Siberia (Sredne Nov-12 Dec-13 FinFund, Appointed technical director of FinFund, to assist sale of 17% WI to Rosneft Botuobinskoye) Nov-12 Feb-13 RICORP, Russia Mozambique Data Room and prospectivity report on the open licenses onshore Mozambique Krasnoyarsk, Russia (Shuskukskoye Jan-13 Feb-13 RICORP, Russia Due Diligence on reserves and NPV for acquisition licence) Jan-13 Feb-13 RICORP, Russia Namibia Blocks 2318, 2617 Virtual data room; shale gas prospectivity report for acquisition of 100% WI Dec-12 Feb-13 RICORP, Russia Timan & Orenburg, Russia Due Diligence on Farm-in to Aladdin O&G gas assets Jan-13 Feb-13 Rockstone Resources, BVI Indonesia, East Sepanjang Block Prospectivity report on the 90% divestment offered by PT EastCo Dec-12 Jan-13 Rockstone Resources, BVI Myanmar, 2013 licensing round Prospectivity report on the offered blocks Jun-12 Jan-13 QPX, Chile Chile (Copper licences) Seismic exploration methods in copper mining Jan-13 Jan-13 ILDC, Israel Iraqi Kurdistan Report of the prospectivity of the open licenses in Iraqi Kurdistan Oct-12 Nov-12 Rockstone Resources, BVI Kenya, Block 2B Due Diligence on Farm-in Oct-12 Nov-12 Oil Refineries Ltd, Israel Israel, Yahel Permit Due Diligence on Farm-in to Globe Oil Exploration onshore block Israel & Cyprus: Myra, Sara, Tamar, May-12 Aug-12 Israel Corporation, Israel Undertake production forecast and valuation studies for all fields Leviathan, Cyprus gas discovery Jul-12 Aug-12 Rockstone Resources, BVI Cambodia, Blocks 11,14 Data Room and prospectivity report for potential farm-in Kazakhstan, Zhana Makat, E Apr-12 Jul-12 RICORP, Russia Data Room and prospectivity report for potential farm-in to Max Petroleum Kyzylhar etal Jul-12 Jul-12 Global Petroleum (UK) Madagascar, Block 2102 Due Diligence on Farm-in to Ophir's Marovoay block May-12 Jun-12 Oil Refineries Ltd, Israel Cyprus, Block 9 Review of Cyprus blocks in bidding round Senegal Tamna, Sadiratou, Review of Africa Fortesa Corp data; meeting with management team to discuss $30- May-12 Jun-12 Quantum Pacific, UK Sibikhotane licences $50m investment

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Apr-12 Apr-12 Rockstone Resources, BVI Ukraine Virtual data room exercise Mar-12 Apr-12 Rockstone Resources, BVI Vietnam, Block 17 Data room and prospectivity report Apr-12 Apr-12 Winter Finance, Liberia South Sudan, Block E Due Diligence on farm-in to Star's 75% WI Feb-12 Apr-12 Dead Sea Works & Oil Refineries Ltd Israel, Noble's MariB gas field Expert witness for gas buyers in Noble Energy gas supply failure from Mari B field Buyer's forecast of cost, schedule, first gas, production profile and economic return for Jan-12 Feb-12 Israel Corporation, Israel Israel, Gaza Marine gas field gas price scenarios Dec-11 Jan-12 Israel Corporation, Israel Israel, Tamar gas field Update Tamar economics for new tax regime and undertake gas valuation study Buyer's forecast of cost, schedule, first gas, production profile and economic return for Nov-11 Nov-11 Oil Refineries Ltd, Israel Israel, Noah gas field gas price scenarios Rockstone Resources, BVI Oct-11 Nov-11 S Sudan, Block B Review of prospectivity of government's 20% WI (sponsoring PetroVietnam) Israel, Gabriella and Yitzhak Jul-11 Oct-11 Israel Corporation, Israel Review of prospectivity for farm-in to Modiin licences Licences Aug-11 Sep-11 Israel Corporation, Israel Israel, Myra and Sara gas prospects CPR including interpretation of 3D survey and AVO, and expected monetary value Tower Resources, UK & Aracadia Mar-11 Aug-11 Namibia, Licence 0010 CPR, including interpretation of 3D survey and calculation of Grad/Intercept AVO Namibia Due Diligence on investment in New Era's EOR mining technique for shallow May-11 Jun-11 J Rothschild Capital Management, UK USA, Wyoming, Greybull oil field waterflooded fields Conceptual design, cost and economics of gas export options including FLNG, LNG in Feb-11 May-11 Israel Corporation, Israel Israel, Cyprus and Pipeline to Greece Namibia, Licence 0029 and Juan de Feb-11 Apr-11 Global Petroleum, Australia CPR of Jupiter Petroleum's (ASX) assets prior to takeover by Global Petroleum (ASX) Nova Licence (Madagascar)

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