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Summary

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OPL 226 – Noa Complex

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ShoreCan Acquisition of 80% of Essar Nigeria E&P Ltd Equity

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OPL 226 – Background, Geology/Geophysics and Reservoir

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Appraisal Wells/Prospects

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OPL 226 Noa Complex – Possible Large Scale Development

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Noa Complex – OPL 226 – Development Scenario

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Possible Development Scenario

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Phase 1 Timescale – Time to drill initial well

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Early Production System Assumptions and Effect on Cash Flow

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OPL 226 – SW Plunge of Anyala AnticlineNoa Complex Discovery

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OPL 226 – Noa Complex DiscoveryNoa-1 Discovery -- End of Well Summary

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OPL 226 – Generalized Rock Physics – Hydrocarbons Detectable

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OPL 226 – Noa ComplexNoa-1 Discovery (Noa West Lobe; Noa East Lobe; Nduri NW Lobe)

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Exploration Upside

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