www.expgeo.co.uk

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

‘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

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)

StenaSpey - used to drill 2004 wells (©Stena)

www.expgeo.co.uk

Project ManagementNorth 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

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 23rd 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 23rd & 24th Rnds.

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 authoritiesand industry societiesfrom 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