circa 1990

JMA JMA Circa Circa 1990 1990 Eastern Bloc Qatar, Vietnam Yemen 54% 54% Inaccessible Inaccessible 46% 46% Accessible Accessible About 1.6 Trillion BOE, Risked Mean Global Undiscovered Potential Accessibility to Western Oil Companies Circa Circa 1996 1996 16%Inaccessible 16%Inaccessible Accessible Accessible C.I.S. C.I.S. (Former USSR) (Former USSR) Venezuela Venezuela China China Others Others The recent opening to exploration of The recent opening to exploration of previously inaccessible areas has created a previously inaccessible areas has created a window of opportunity which has never been window of opportunity which has never been equaled before and likely will never be seen equaled before and likely will never be seen again. again.

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Global Undiscovered Potential Accessibility to Western Oil Companies. Eastern Bloc Qatar, Vietnam Yemen. Others. About 1.6 Trillion BOE, Risked Mean. China. Venezuela. 16%Inaccessible. 54% Inaccessible. C.I.S. (Former USSR). Accessible. 46% Accessible. Circa 1996. Circa 1990. - PowerPoint PPT Presentation

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JMAJMA

Circa Circa 19901990

Eastern BlocQatar, VietnamYemen

54%54%InaccessibleInaccessible

46%46%AccessibleAccessible

About 1.6 Trillion BOE, Risked Mean

Global Undiscovered Potential Accessibility to Western Oil Companies

Circa Circa 19961996

16%Inaccessible16%Inaccessible

AccessibleAccessible

C.I.S.C.I.S.(Former USSR)(Former USSR)

VenezuelaVenezuelaChinaChina

OthersOthers

The recent opening to exploration of previously inaccessible The recent opening to exploration of previously inaccessible areas has created a window of opportunity which has never areas has created a window of opportunity which has never been equaled before and likely will never be seen again.been equaled before and likely will never be seen again.

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