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Developing Hydrocarbons in Europe and the Mediterranean Basin. NOTES. Why the European Focus?. Europe disenchanted by Moscow’s use of Energy weapon (Globe and Mail, January 2, ’06) Italy Taps Reserves, Will Raise Alarm Level (Platts, March 05)
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Prospectivity of San Marco
Low Estimate Best Estimate High Estimate
Bscf Bscf Bscf
Discovered Resources 152 281 478
Contingent Resource 76 159 300
Source: Troy Ikoda
Cut off parameters: Shale volume <50%; Porosity >7%; Water saturation <60%Petisovci-Dolina Gas Field – (45.1% Grove)
Glenn Whiddon (London) – CEO
Feroz Sultan (London) – COO
Charlie Nieto (London) – G.M. Operations & Project Development
Anthony Hawkshaw (London) – CFO
Rob Downey – Vice President, Legal & Commercial
Michael Knowles – Non-Executive Director
Andrew Childs BSc (Perth) - Non-Executive Director
Some of the statements contained in this release are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “could,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements include the potential that the Company’s projects will experience technical and mechanical problems, geological conditions in the reservoir may not result in commercial level of oil and gas production, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
Ruislip, Middlesex, HA4 9LT