BORTOVOY LICENCE- RESERVES AND RESOURCES

View in Imperial

Reserves	1P	2P	3P
Sales Gas	10.0 bcm	21.2 bcm	39.4 bcm
Oil/Liquids	0.3 mmT	0.5 mmT	0.8 mmT
Total	8.3 mmboe	17.5 mmboe	32.3 mmboe

Contingent Resources	1C	2C	3C
Sales Gas	0.1 bcm	0.7 bcm	1.2 bcm
Oil/Liquids	0.0 mmT	0.0 mmT	0.1 mmT
Total	0.0 mmToe	0.0 mmToe	0.1 mmToe

Source: DeGolyer and MacNaughton

Prospective Resources	Low Estimate	Mean Estimate	High Estimate
Sales Gas	13.6 bcm	26.2 bcm	142.1 bcm
Oil/Liquids	0.4 mmT	0.8 mmT	1.2 mmT
Total	11.3 mmToe	21.8 mmToe	34.9 mmToe

NPV	2P
PV @ 10%	US$602.5 mm
PV @ 15%	US$375.3 mm

Source: DeGolyer and MacNaughton