Projects

• Core production/development projects - in proven basins with existing infrastructure and strong markets
• Cambay, India (OEX 45%, Operator):
• Current oil production of ~4-600 bopd from 2 wells from 1 horizon (MBS) constrained by facilities
• Oil case proven from 3 horizons
• MBS production expected to grow to ~3,000 bopd during 2009
• 2C – 3C contingent resources of 43 – 137 mmstboip*, not including MBS
• Gas development to follow, remaining 2C–3C contingent resources of 109 – 286 bcfgip#. Appraisal wells in 2009.
• West Kampar, Indonesia (OEX 45%):
• Pendalian-3 test est. rate at ~1,200bopd. Production of up to 2,000bopd from 2 wells in Q1 2009
• Resources best estimate of 14mmstboip
• Reviewing equity position for possible farmdown
• Block 56, Oman (OEX 25%, Operator):
• Sarha-2 extended well test postponed
• Test Program to be carried out on Al Jumd well
• Reviewing data from 7 well drilling program
• Exploration upside in offshore Australasian blocks
• JPDA 06 103
• 3D coverage now available over 90% of the block
• Initial interpretation identified numerous structures
• 2 well drilling program planned for 3Q 2009
• Reviewing equity position for possible farm down
• WA-388-P
• Large LNG scale geological structures identified
• 3D seismic program acquired
• Drill or drop decision later in 2009 following interpretation

_{* mmstboip – million stock tank barrels oil in place
# bcfgip – billion cubic feet gas in place}

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