Ann: Beibu Gulf Exploration Drilling Programme Co, page-13

re: Ann: ROC: Beibu Gulf Exploration Drilling... Market will take a long time to understand the significance of this result . The oilfield is in China with all the advantages that goes with that . The JV are rolling and off to a sensational start with this huge extension of an already known oilfield . This discovery will be easily included in the current development which is a huge plus . One must note that the well has extended the oilfield plus discovering 2 new zones to the JV . Cumulatively , the 3 zones adds 59 METRES of net oil pay over new area , which can be much bigger. Potential here to add up to 10-20mmbblo to JV . We await more detail and further drilling ongoing!