Opportunity Screening - Various Exploration Assets, Worldwide

We carried out an opportunity screening for a number of global exploration assets considered for investment by the company. A quick look assessment of the prospectivity of each asset was conducted. The assets weere then ranked by their chance of success and likely resultant reserves should exploration be successful.

The top four assets where then ranked in detail: seismic assessments were conducted using the Kingdom Suite; exploration plans were drawn up; chance of success was assessed; likely resultant reserves were determined; cost of exploration, appraisal, development, operation and abandoning the reserves was assessed and an economic ranking of the assets was developed.

Recommendations for the future exploration program of each asset were also developed.  

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