RE: ANNUAL RESERVE SUMMARY
"The Directors of Amadeus Energy Ltd announce that as part of our annual review, an in-depth reserve study of the Company's US asset position has been undertaken on all producing properties.
Amadeus is pleased to report that its 1P (proven-producing) oil reserves total 5.7 million barrels of oil (MMBO) and gas reserves of 5.9 billion cubic feet (BCF). Prepared by independent engineers - LaRoche Petroleum Consultants Ltd, Dallas, Texas.
The 2P reserves (proven, developed, non-producing and proven undeveloped) total a further 8.6 MMBO and 6.1 BCF of gas. Making a total of 14.3 MMBO and 11.9 BCF of gas net to our 100%
owned subsidiary, Amadeus Petroleum Inc".
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