UK based successful independent geological and geophysical consultancy for the international petroleum industry

Our Business Project management from prospect generation to licence acquisition through drilling Detailed studies of exploration areas — both non-exclusive and proprietary Technical advice on exploration projects Research, analysis and data acquisition Added value geological and geophysical databases

Corporate Overview Established in 1989 Four directors: two geologists and two geophysicists with over a century of diversified experience Supported by full-time consultant geologist, geophysicist and 4 support staff Provision of tailor made project teams of world renowned specialists Truly global reach Annual turnover exceeds $5 million

‘Satellite’ Approach provision of tailor-made project teams of world renowned specialists in the following disciplines: Geochemistry Hydrodynamics Potential Field Specialist Geophysics Petrophysics Reservoir Engineering Operations Engineering Economics GIS Mapping & Databasing Geology Geophysics

EGL World

Example of Proprietary Study Circum Arctic Project A unique and complete exploration review which systematically assesses the hydrocarbon potential of the entire Arctic Data provided by seismic contractors, oil companies and state agencies to provide a vast database beyond the scope of any individual company Co-operation from government agencies Regular workshops held with clients and contributors Purchased by over 15 major international oil companies ICE-CAP.net website provides ongoing project information

Circum Arctic Project

UK North Sea Project Management Technical Portfolio Management for Walter, Palace and Britcana (~19 blocks) Execution of two farm-outs each worth more than $50m of promoted activity 3D Seismic acquisition and processing Interpretation and well proposals Two wells drilled in 2004 Management of Licence Round Evaluation Endeavour/Hunt Petroleum/Palace (23 rd Rnd) Nippon/Hunt Petroleum//Palace/Britcana (24 th Rnd) Lundin/Britcana/Noreco/Silverstone (25 th Rnd) All cases included successful licence applications to DTI (UK Department of Industry) StenaSpey - used to drill 2004 wells (©Stena)

Project Management North West Territories, Canada Technical advisor to International Frontier Resources (IFR) Acquired over 1 million acres Farm-out to 4 major N American oil and gas companies Over Can$100m spent on successful seismic and drilling campaign (7 wells to end 2006 with 4 discoveries) Further wells planned Summit Creek well location (©IFR)

Example of Diverse Business in the UK UK Discovery Digest – UKCS bi-annual geotechnical review of drilling activity and exploration potential in joint venture with the DTI and Canadian Discovery - over 20 subscription clients WHAT Map – UKCS geology and data via the web and module of Deloitte’s PetroView® system - over 25 subscription clients Inner Moray Firth Study leading to prospect generation in 23 rd Rnd Portfolio management of Palace’s and Britcana’s N Sea acreage Chevron and 6 partners - Triassic Study of Central Graben Walter UK – 21st Round Drilling Venture involving 3D seismic and two wells Millennium Atlas – North Sea Oil Basin petroleum geology review. Project initiation, funding and management GOC (group of companies) formed by EGL for successful applications in 23 rd & 24 th Rnds.

Millennium Atlas Originator and project manager of a unique and authoritative review of the petroleum geology of the North Sea Oil Basin 5-year project 30+ oil companies Government authorities and industry societies from 3 countries 70 authors Sold over 1500 CDs and books to individuals, companies, academic institutes and libraries GIS version distributed to 5,000 PESGB members

EGL – World Clients by Head Office * Active subscription client or contract within last three years