yakal and tindalo in sc54, page-3

OPT & Co.

Summarised few points for you, see below

1) Y1 & T1 have a combined OIPP of 18MMbbls

2) As for SC54, gross area is 2040 sqkm with NDO's 60% share of the most likely gross oil being 1421 mmbbls (gross resource of 2386 mmbbls is split in 60:40 ratio between NDO:KIK)

3) 18 wildcats drilled 12 have hit oil pools. OIP ranges for these upto 50 mmbbls. Two large pools are the Nido-A & B fields that have produced upto 17 mmbbls till date since discovery in the 70's & a long shut-in period. Average pool thickness was 15m.

4) Almost all the wells drilled in SC54 have had HC indications, with many wells producing in excess of 1000 bopd atleast.

5) NDO's team has a high degree of confidence having spent 10 years going thro' the records in the data rooms, coupled with recent 3D seismics & older 2D seismics which was used at the time of earlier discoveries.

What next, awaiting drilling results from the 8.5" openhole.

Y-1 current depth is around 1772.8m (1745 actual + 31.6m Rotary Table), setting 9 5/8" casing.

TD is 1945m, looking at the seismic & the contours it appears that we have a very interesting 70m of drilling coming up (orange zone upto the green dotted line represents the Nido limestone which is the reservoir here.

Cheers