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High impact drilling program

2011

AGC Profond

West Africa Kora

25 %

Maersk Deliverer

PL 535

NCS

Norvarg

20 %

West Phoenix

PL 416

NCS

Breiflabb

35 %

Borgland Dolphin

PL 530

NCS

Heilo

20 %

Aker Barents

PL 559

NCS

Phoenix

60 %

Borgland Dolphin

CY DWN 2001/1

India

CY DWN3

10 %

PL 451

NCS

Jønshornet

20 %

PL 528

NCS

Ivory

30 %

P 1484 & 1488

UKCS

Typhoon

10 %

PL 506s

NCS

Puffin

50 %

P 1067

UKCS

Mulle

10 %

P 1573/1574

UKCS

Lusca

20 %

PL 515

NCS

Auchentosha

60 %

Negotiations on block participation ongoing

GOM 12

GoM

GOM 34

GoM

21st Round

NCS

APA 2010

NCS

Sanctioned well

with allocated rig

Prospect

Aw aiting implications from "Macondo" incidents

100 % 100 %

RASA Equity

Schedule is based on best current information and is subject to change

Rig

Awards

Awards

yg

Jul

Jan

Q3 Aug

Sep

Dec

Oct

Q4 Nov

Q1 Feb

Ma r

Apr

Q2 Ma y

Jun

Drilling campaign for 2012 being firmed-up

Committed well

Possible well

Spud dates uncertain due to rig availability, partnership decision process, prospect location and logistics planning, government approvals and permitt

16

Schedule is based on best current information and is subject to change

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