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Entering a new phase

  • Recent years characterized by acreage build up

  • 2011 representing a step change in the company’s evolution

  • Five sanctioned wells this year, similar no. of wells expected to be firmed up for 2012

Initial phase: Acreage build up

Next phase: Drilling of high potential wells

Recent years characterized by acreage build up (figures in mmboe net risked resources):

Entering a new phase in 2011 (no. of firm and possible wells):

7

6

1200

5

4

800

3

Possible wells * Firm wells

400

2

1

0

0

2006

2007

2008

2009

2009

2010

2011

2012

  • *

    Wells being firmed up

5

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