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Deep Water Exploration Prospects

2006 -- 18 Blocks 2007/2008 46 Blocks Total 64 Blocks

Choctaw

Cherokee

Liberator

Twenty One

Sherwood

Dragon

Maurader

Fiji

Nelson

Expected Drill

Pyrenees

Discovery

Blacktail

Battowia Red Dog

Manta Ray

Ace In The Hole

Woodall

Shadowcat

2009-2010 2010-2011

2011-2012

Blackwidow

Aries

Floyd/Invader

Covington

Resolution

Phoenix

Andros

Lamprey

Farm-In Opportunity

Nurse

Phinisi

Pyrenees

GB 293

15%

Newfield

Floyd/Invader

GC 451

16%

Woodside

Phinisi

WR 675

20%

ENI

Phoenix

LL 410

11%

Anadarko

Farm-In

--

10-20%

TBD

Enterprise

Prospects

Leases Lease WI Operator

23

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