JMAJMA

Extended Reach DrillingExtended Reach DrillingImpact - UK Southern Gas BasinImpact - UK Southern Gas Basin

• Cost Savings = $70 millionCost Savings = $70 million1 less well - $12 million1 less well - $12 millionLower drilling cost - $18 millionLower drilling cost - $18 millionOne platform instead of two - $40 millionOne platform instead of two - $40 million

• Increased ReservesIncreased ReservesTristan: 34 BCF developed from Welland FieldTristan: 34 BCF developed from Welland FieldCador: 20 BCF developed from Camelot FieldCador: 20 BCF developed from Camelot Field