1. www.expgeo.co.uk UK based successful independent geological and geophysical consultancy for the international petroleum industry

2. www.expgeo.co.uk 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

3. www.expgeo.co.uk 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

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

5. www.expgeo.co.uk EGL World

6. www.expgeo.co.uk 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

7. www.expgeo.co.uk Circum Arctic Project

8. www.expgeo.co.uk 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)

9. www.expgeo.co.uk 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)

10. www.expgeo.co.uk 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.

11. www.expgeo.co.uk 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

12. www.expgeo.co.uk EGL – World Clients by Head Office * Active subscription client or contract within last three years