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Exploration portfolio overview

  • Close to 50% of resource potential on the

NCS

  • -

    Not geographically restricted, but focussed on regions where we can create value by applying our technology

  • Rocksource portfolio highly selective

    • -

      Substantial pre-screening prior to prospect inclusion into drilling campaign

    • -

      All geological and geophysical data integrated into the final analysis

  • EM results a key indicator

    • -

      Strategy appears robust given third party exploration well results

    • -

      56% success rate from 50 wells *

  • *

    From Hesthammer et al 2010, CSEM Statistics in light of well results. In:

The Leading Edge Jan. 2010 p 34-41 (TLE is the Journal of the Society of Exploration Geophysicists)

25 %

35 %

Success rate using conventional tool

Success rate * EM anomaly, weak

80 %

70 %

60 %

50 %

40 %

30 %

20 %

10 %

0%

70 %

Success rate * EM anomaly, strong

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