Relinquishment document 1) Licence information Licence: 23rd Round Promote Licence P1350 Blocks covered: Blocks 47/8d and 47/13c (Figure 1 for location) Partnership: EnCore Oil plc 50% NWE Southern Cross PTY. Ltd 50% Work Programme: Acquire and Reprocess 200 km of 2D Seismic Drill or Drop to 2745m or 60m into Carboniferous 2b 47/1 3c 3g 1e 3b 3a 4a MINERVA 48/1a APOLLO 3d 1d 5d 3h ERIS 10 6 8b 7 ARTEMIS 2a YORK 5b NEPTUNE 4d 8c 8d 8d 9c 10 HYDE CERES ROUGH 9b 6 10F2 MERCURY 47/8d 9d HELVELLYN 8a 9a 11 12 13b 13c Cleethorpes Cleethorpes WEST SOLE FLOWERS 14a 15a 47/13c AMETHYST 14c 15c 11d 11c 15aF1 14b ROSE 13a 15b Figure 1 Location Map 2) Licence activity synopsis Following the award of Licence P1345 in Q4 2005, EnCore reprocessed 2 surveys, AUK 81 and C47-83 2D seismic data to evaluate any potential within the Rotliegend to the west of the Amethyst Field (Figure 2): Figure 2 Seismic Database 3. Prospectivity Analysis The Rotliegend is the primary target in the area. Relatively thin Leman Sand is seen in the area (50 -120 ft thick). Facies is generally aeolian dunes with multi darcy permeability. A lead was identified on the 2D data which involved a number of small faults creating an upthrown structure to the west of Amethyst. Lead 47/8d 5km from West Amethyst Field Lead 47/8d *Potential Reserves of ~ 100 BCF *initial estimate only, assumes similar productivity as West Amethyst Field Remapping of the structure following the reprocessing of the data showed the structure not to be present. Consequently no remaining prospectivity has been identified on the blocks. Figure 3 Rotliegend Depth Structure 8d 13c