Independent Evaluation of Resources - Onshore Block Madagascar

We carried out an independent audit of a resource assessment carried out by the Client on an onshore block in Madagascar. We reviewed reports, interpretations, seismic, well log and test data to confirm the blocks reserves and the contingent and prospective resources. This part of the assessment was conducted in accordance the standards set down by the PRMS.

We went on to develop an independent resource certification report in accordance the "Note for Mining and Oil & Gas Companies - June 2009" published by the LSE/AIM. 

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