UK based successful independent geological and geophysical consultancy for the international petroleum industry 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 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 www.expgeo.co.uk ‘Satellite’ Approach provision of tailor-made project teams of world renowned specialists in the following disciplines: Geophysics Operations Geology Specialist Geophysics Geochemistry Economics Potential Field Reservoir Engineering Hydrodynamics GIS Mapping & Databasing Engineering Petrophysics www.expgeo.co.uk EGL World 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 www.expgeo.co.uk Circum Arctic Project 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 (23rd Rnd) • Nippon/Hunt Petroleum//Palace/Britcana (24th Rnd) • Lundin/Britcana/Noreco/Silverstone (25th Rnd) All cases included successful licence applications to DTI (UK Department of Industry) www.expgeo.co.uk 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) 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 Millennium Atlas – North Sea Oil Basin petroleum geology review. Project initiation, funding and management Inner Moray Firth Study leading to prospect generation in 23rd Rnd Chevron and 6 partners - Triassic Study of Central Graben WHAT Map – UKCS geology and data via the web and module of Deloitte’s PetroView® system - over 25 subscription clients Portfolio management of Palace’s and Britcana’s N Sea acreage GOC (group of companies) formed by EGL for successful applications in 23rd & 24th Rnds. www.expgeo.co.uk Walter UK – 21st Round Drilling Venture involving 3D seismic and two wells 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 www.expgeo.co.uk EGL – World Clients by Head Office * Active subscription client or contract within last three years www.expgeo.co.uk