rig secured for pcl kenya blocks l10a & l10b, page-3

Regarding PCL's offshore Kenya blocks L10A & L10B operated by BG Group.

BG Group have had their Strategy Presentation webcast, finished 30 minutes ago.

I have transcribed the remarks relevant to the PCL/BG Kenya blocks....



BG Group Strategy Presentation 14 May 2013


We entered Kenya in 2011 where a multi-well campaign will start in 2014.

----

Question: Can you talk about your views on Tanzania and generally the East African exploration scene as a whole and whether you want to gain further exposure to East Africa.

Reply: The question was really how do we think about East Africa, do we like it, I think the answer to that is yes we do a lot. We moved into Tanzania in 2010 and in that time we've shot three 3d's, we've drilled nine wells all of which have been successful, we are on our tenth well now.

We've just re-hired the deep-sea metro, which you see behind us, for another year and a half or something like that, and then Ophir take it for some of their own prospects.

So actually we are quite busy continuing to explore, so we will finish up the year in Tanzania then we will move on to Kenya where we will drill a couple of wells at the beginning of 2014 and if we saw other opportunities which are of interest we would be interested in them.

So I think East Afica has got a lot of potential and we are still at quite the early stages of exploration of it.