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BAZMA PERMIT TCM/OCM Tunis May 13 th , 2010

BAZMA PERMIT TCM/OCM Tunis May 13 th , 2010. TUNISIA - BAZMA EXPLORATION PERMIT TCM/OCM – TUNIS MAY 13 th , 2010. AGENDA Introduction 2009/2010 Seismic Acquisition & Reprocessing 3. Current status and future plans 4. Revised Budget 2010 5. AOB. TUNISIA - BAZMA EXPLORATION PERMIT

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BAZMA PERMIT TCM/OCM Tunis May 13 th , 2010

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  1. BAZMA PERMIT TCM/OCM Tunis May 13th, 2010

  2. TUNISIA - BAZMA EXPLORATION PERMIT TCM/OCM – TUNIS MAY 13th, 2010 • AGENDA • Introduction • 2009/2010 Seismic Acquisition & Reprocessing • 3. Current status and future plans • 4. Revised Budget 2010 • 5. AOB

  3. TUNISIA - BAZMA EXPLORATION PERMIT EXPLORATION HISTORY & WORK FLOW YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 SEISMIC OPTION 1st EXPLORATION PHASE (4 Years) 1 Year extension 1,616 Km2 2nd EXPLORATION PHASE (3 Years) 28.7.06 EXPLORATION PHASES 3rd EXPLORATION PHASE (3 Years) 28.7.10 27.7.11 27.7.14 27.7.17 WORK COMMITMENT 200 Km of re-processing 1335 Km of Reprocessing 50 Km of 2D seismic Proc.& Interpretation 298 Km of 2D seismic WORK DONE Processing & Interpretation WELL COMMITMENT EXPLORATORY WELL TD 2500 m EXPLORATORY WELL TD 3500? m EXPLORATORY WELL TD ? m WELL DRILLED Financial Engagement: 3.5 MUS$ Financial Engagement: 5 MUS$ Financial Engagement: 3 MUS$ RIGO: 100% EOG: Seismic option JOINT VENTURE

  4. Seismic Interpretation

  5. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – MAPPED LEADS

  6. TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ1 – SEISMIC LINE IKV 121 NE SW

  7. TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ1 – SEISMIC LINE IKV 158 SE NW

  8. TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ2 – SEISMIC LINE IKV 158 SE NW

  9. TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ2 – SEISMIC LINE IKV 90 SW NE

  10. TUNISIA - BAZMA EXPLORATION PERMIT TOP ORDOVICIAN TIME-STRUCTURE MAP (C.I.: 10 ms)

  11. 2009/2010 Seismic Acquisition & Reprocessing

  12. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION SUMMARY Survey acquired by CGGVeritas, Crew TUN3246 Survey line clearing commenced 12 December 2009 Survey acquisition commenced 25 December 2009 Survey acquisition completed 14 January 2010 Clean-up completed 26 January 2010 Source Km acquired 298,44 Km (16 lines) Receiver Km acquired 413 Km

  13. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION SUMMARY - HSE

  14. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  15. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  16. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  17. TUNISIA - BAZMA EXPLORATION PERMIT PROPOSED SEISMIC REPROCESSING & ACQUISITION PROGRAMMES (Reprocessing programme subject to obtaining copies of tapes and records; acquisition programme for illustrative purposes only)

  18. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  19. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – GOOGLE SATELLITE VIEW

  20. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – GOOGLE SATELLITE VIEW

  21. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  22. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – SURVEY PARAMETERS – NEW ACQUISITION

  23. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – SURVEY PARAMETERS – EXISTING ACQUISITION

  24. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – VIBRATOR SETUP

  25. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – VIBRATORS IN THE FIELD

  26. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION - VIBROSEIS ACQUISITION

  27. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – ACQUIRED VIBRATOR LINE

  28. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – ACQUIRED SOURCE LINES

  29. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – ACQUIRED RECEIVER LINES

  30. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – RECEIVER LAYOUT

  31. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – RECEIVERS IN THE FIELD

  32. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – TAIL AND RECEIVER DEPLOYMENT

  33. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – UPHOLES

  34. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – UPHOLE LOCATIONS

  35. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – UPHOLE RECORDING SETUP

  36. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – EXAMPLE UPHOLE INTERPRETATION

  37. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – UPHOLE SOURCE

  38. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – PERMANENT MARKERS

  39. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – LOCATION PERMANENT MARKERS

  40. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – BRUTE STACK LINE 2

  41. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION

  42. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – PROCESSING AND REPROCESSING

  43. TUNISIA - BAZMA EXPLORATION PERMIT PROPOSED SEISMIC REPROCESSING & ACQUISITION PROGRAMMES (Reprocessing programme subject to obtaining copies of tapes and records; acquisition programme for illustrative purposes only)

  44. TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – PROCESSING AND REPROCESSING

  45. Current status and future plans

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