Global Experience front cover - riscadvisory.com · independent valuation of an equity interest in a CSG to LNG ... precommercial banks-construction phase ... 12.5% interest by CNOOC

Global Experience

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Australia: Tel: +61 (0)8 9420 6660 Fax: +61 (0)8 9420 6690 Email: [email protected]

United Kingdom: Tel: +44 (0)20 7484 8740 Fax: +44 (0)20 7812 6677 Email: [email protected] www.riscpl.com

About RISC RISC was founded in 1994 to provide independent advice to companies associated with the oil and gas industry. Today we have grown to 40 highly experienced professional staff and have offices in Perth and Brisbane, Australia and London, UK. Long recognised as the pre-eminent oil and gas consultancy in Australia, RISC has now grown to become the International consultants of choice. We have completed over 1300 assignments in over 68 countries for nearly 500 clients. Since January 2000, RISC has been the principal technical and economic advisor on transactions whose total value has exceeded US$220 billion.

Our services cover the entire range of the oil and gas business lifecycle in conventional petroleum, coal seam gas and tight gas properties and include:

• Oil and gas asset valuations

• Expert advice to banks for debt or equity finance

• Exploration / portfolio management

• Field development studies and operations planning, CO2 geosequestration modelling

• Reserves assessment and certification

• Peer reviews

• Gas market advice

• Independent expert / expert witness

• Strategy and corporate planning.

CONSULTANTS OF CHOICE – INTERNATIONALLY

As almost all of our work is highly confidential and commercially sensitive, we have a policy not to name clients or discuss current assignments unless knowledge of our involvement is already in the public domain.

Global Experience Since 1994, RISC has undertaken a full range of technical and commercial evaluations in numerous countries around the world. The company has built an invaluable and enviable global experience base.

More specifically, RISC has carried out independent reserves determinations and audits on conventional petroleum, coal seam gas and tight gas properties, and has formally certified reserves in many hundreds of projects using SPE, WPC, US SEC, Australian, Canadian, Malaysian (Petronas) and UK standards.

Afghanistan, Albania, Algeria, Angola, Australia, Brunei, Cambodia, Canada, China, Columbia, Republic of Congo, Côte d'Ivoire, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Equatorial Guinea, Ethiopia, France, Gabon, Germany, Greece, Guyana, India, Indonesia ,Iran, Iraq, Ireland, Israel, Italy, Japan, Kazakhstan, Kenya, Kuwait, Libya, Madagascar, Malaysia, Mauritania, Mongolia, Mozambique, Myanmar, New Zealand, Nigeria, North Korea, Oman, Pakistan, Palau, Papua New Guinea, Philippines, PNG, Poland, Qatar, Russia, Singapore, South Africa, South Korea, Sudan, Suriname, Syria, Thailand, The Philippines, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States of America, Venezuela, Vietnam, Yemen

mailto:[email protected]�


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RISC’s recent experience in Australia and New Zealand

• Acted as Independent Technical Specialists in support of several corporate transactions involving, amongst others:

- Mosaic Oil

- Adelphi Energy Limited

- Innaminka Petroleum Limited

• Conducted a technical and commercial review and an independent valuation of an equity interest in a CSG to LNG project for an Asian NOC

• Published a multi-client, non exclusive report of an Overview of Unconventional Gas in Australia

• Conducted several evaluations of portfolios of CSG assets for a number of clients

• Independent valuations of several portfolios of Cooper Basin exploration and production assets

• Managed the divestment process for vendors of exploration and production assets

• Assessment of regional exploration potential of all major sedimentary basins and emerging frontier areas in Australia

• Country entry level screening studies of exploration acreage in the Carnarvon Basin and Queensland / NSW CSG permits

• Due diligence of CSG supply to a power station

• Reserves assessments to SEC or SPE PRMS standards for statutory reporting or to support M&A transactions

• Operational reviews of offshore and LNG Project facilities

• Review of gas contracting strategies and supply options to deliver the minimum life cycle cost of gas to West Australian consumers

• Independent Engineering Consultant to commercial banks, advising on reserves, pre-construction phase engineering, environmental effects and completion test of developments financed by bank loans

• Review of gas supply pricing and contracting advice to potential domestic gas suppliers

• Assessment of gas contracting strategies designed to achieve target wellhead and transmission prices to a significant West Australian industrial plant

• Analysis of cost of supply of gas in Western Australia

• Assisted clients with preparing their permit renewal applications

• Conducted a bespoke Asia-Pacific LNG supply and demand study for a client



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RISC’s recent experience in South and South East Asia

RISC’s direct experience in working for South and South East Asian clients includes:

• IER report of ROC’s West African UK and China properties for their 2006 rights issue which included the Zhao Dong project.

• Independent Engineering Consultant to Intesa Sanpaolo SpA in support for US$65m project finance for the Galoc Development, Philippines.

• Preparation of Information Memorandum and dataroom management for BP’s divestment of Malaysia/Thailand Joint Development Area Block A-18.

RISC’s general experience includes:

• Annual resource/reserve updates and reserves certifications.

• Project assessment and valuation of Indonesian assets.

• Asset valuation and farm-in strategy for Gulf of Thailand blocks.

• Acquisition and divestment representation on both buy and sell sides for a range of assets.

• Dataroom visits and evaluation of assets under divestment in the region.

• Technical evaluation of Kalimantan assets

• Combined geoscience and reservoir engineering study targeting development well locations for mid-life assets.

• Project assessment for coal seam and tight gas in China.

• Prospectivity assessment for a number of projects in India.

• Provision of project monitoring services for a number of Indian PSUs.

• Independent valuation, sale strategy and dataroom management for the divestment of Malaysian PM3 PSC.

• Optimised appraisal planning for Vietnamese field to ensure that exposure was commensurate with project development uncertainties and gas sales upside opportunities.

• Evaluation of a suite of deepwater exploration prospects in the Philippines.

• Undertook a resource estimation and valuation of oil column associated with a major gas field in offshore Palawan Basin, Philippines.

• PM-3 PSC Reserves Certification, offshore Malaysia for

company reporting and project finance.

• Independent Engineering Consultant to financiers for an acquisition of producing and exploration properties in the Bohai Basin, offshore China.

• Development planning and economics of an offshore discovery in the Yellow Sea, offshore China.

• Conducted a screening study on a major offshore gas discovery in central Asia to evaluate LNG, pipeline gas and CNG marketing options.

• Independent review of a Field Development Plan for an offshore oil and gas development in Malaysia, which resulted in cost and risk reductions.

• Project managed and provided subsurface team to prepare the Field Development Plan for an onshore waterflood project in China.

Countries worked in this area include:

• China

• Malaysia

• Thailand

• Philippines

• India

• Vietnam

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RISC’s recent experience in Indonesia

RISC’s direct experience working for Indonesian

clients includes:

• Independent technical advisor to CSFB on US$275m

facility including reserves and development plans for

the integrated oil and gas projects in the Kangean PSC,

Indonesia. Ongoing monitoring role on company

performance prior to approval of loan drawdowns and

investment decision point milestones.

• Independent Technical Consultant advising CIMB as the

Independent Financial Advisor for the acquisition of

Pearl Energy’s properties valued at over US$500

million, which included production and exploration

properties in the Salawati Island, Salawati Basin,

Tungkal, West Salawati, Makassar Strait and the

Sebuku PSC’s.

• Independent advisor providing technical and

commercial due diligence, project valuation and

advisory role in negotiation of SPA for acquisition of

12.5% interest by CNOOC in the Tangguh LNG Project

(US$275m facility).

• Independent technical advisor to CSFB on US$60m

facility including reserves and development plans for

the integrated oil and gas projects in the Udang PSC,

Indonesia. Monitoring role on company performance.

• Technical and commercial evaluation of Devon Energy

Corporation’s interests in Jabung, South Jambi “B”,

Bangko, Tuban, Salawati Island, Salawati Basin PSCs.

• Certification of project reserves and costs in support of

project finance for the acquisition of Repsol’s interests

in the South East Sumatra and North West Java PSC’s,

offshore Indonesia.

Further examples of Indonesian experience include:

• Detailed technical and commercial due diligence in

support of potential buyer for a stake in Chevron’s $6

billion IDD deepwater project in the Rapak, Ganal and

Makassar Strait PSC’s

• Independent technical advice to financiers concerning

performance of a wide range of assets operated by a

significant Indonesian E&P company.

• Independent technical and commercial advisor for

acquisition of a 500 MMBOE portfolio of producing,

undeveloped and exploration assets in Sumatra, Java,

Kalimantan, Sulawesi, Irian Jaya and international

properties,

• Peer review of gas field development prior to entering

FEED, offshore Kalimantan.

• Independent technical inputs to valuation of ONWJ PSC

as part of divestment by BP.

• Review of acquisition opportunities in Indonesia in

support of a client's strategic growth into the region.

Basin prospectivity was assessed, production assets

reviewed and screened.

• Reservoir development studies on the Sepanjang Island

and Pagerungan Utara oil fields (Ngimbang Carbonate),

Kangean PSC.

• Reservoir development studies on the Langsa oil field

(Malacca Lst).

• Reservoir development and certification studies on the

Lembak gas field (BRF Carbonate).

• Certification of project reserves and costs for the

acquisition of South East Sumatra and North West Java

PSC’s, offshore Indonesia.

• Peer review of a producing fractured Manusela

carbonate oil field in Indonesia including review of all

subsurface aspects, drilling performance, production

technology and surface facilities. Further support was

provided in development of 3D geological models.

• Acquisition & divestment analysis for a company’s

assets in Indonesia, Thailand and the Philippines.

• Salawati Basin and Salawati Island Independent

Reserves Assessment.

• Exploration development and valuation assessments of

interests in the following Indonesian PSC’s, JOB’s &

TAC’s:

- Bangkanai Block (Kalimantan)

- Bengara (Kalimantan)



- Bengkulu (W Sumatra)

- Bentu (Sumatra)

- Berau, Wiriagar and Muturi (Papua) and associated

Tangguh LNG project

- Block A (N Sumatra)

- Brantas (E Java)

- Bulu ( East Java)

- Corridor (Sumatra)

- Cruh (Sumatra)

- Ganal PSC (E Kalimantan)

- Gebang PSC (N Sumatra)

- Jabung and South Jambi PSC (Sumatra)

- Jatirarongan PSC (NW Java)

- Jambi Merang PSC (Sumatra)

- Kakap (Natuna Sea)

- Kampar (Sumatra)

- Kangean (W Java)

- Karana (Sulawesi)

- Korinci-Baru (Sumatra)

- Langsa TAC (E Aceh)

- Lematang (S Sumatra)

- Lembak (S Sumatra)

- Lhokseumawe (N Sumatra)

- Madura JOB (E Java)

- Maksassar Strait PSC (E Kalimantan)

- Merangin PSC (Jambi)

- Nunukan PSC (Kalimantan)

- Rapak PSC (E Kalimantan)

- Rimau (S Sumatra)

- Sabuku (Makassar Strait)

- Salawati Basin and Salawati Island (Western Papua)

- Sampang (E Java)

- Sanga-sanga TAC (Kalimantan)

- Sebuku (Sulawesi)

- Senoro-Toili (Sulawesi)

- Sembakung TAC (Kalimantan)

- Semberah (Kalimantan)

- Seram (Seram Island)

- Seruway (Sumatra)

- Simenggaris JOB (Kalimantan)

- South & Central Sumatra PSC (S Sumatra)

- South Madura (Madura Is)

- Sungai Gelam (Sumatra)

- Tangguh (Papua)

- Tarakan PSC (Kalimantan)

- Tomori JOB (Sulawesi)

- Tuban, (East Java)

- Tungkal (South Sumatra)

- Udang (West Natuna)

- West Salawati (Western Papua)

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RISC’s recent experience in Papua New Guinea

• Independent Valuation of Chevron’s sale of PNG assets. The scope of work included, reserves/costs, financial modelling and a review of the PNG gas project.

• Led Audit Team to assess Readiness For Start Up on behalf of the PNG Oil Project JV for handover of operations from Chevron to Oil Search.

• Divestment Support including technical review and valuation of PRL/4 and PRL/5.

• Technical Review and Valuation including screening development options of Elk and Antelope discoveries in PPL 237 and PPL 238.

• Valuation of PNG LNG project for potential purchaser of equity in LNG project.

• Independent Review of the business planning, staffing, tools & systems and organizational capability assumptions including a review of the PNG assets in support of a corporate strategic planning assessment.

• Independent Audit of a financial model of the PNG Gas Project.

• Review of PNG Exploration portfolio for a leading exploration company.

• Gas Commercialization Review to screen LNG, industrial park developments such as Daru, local power generation and opportunities for regional electricity distribution.

• Reservoir Simulation studies of the Kutubu, Moran and Hides oil and gas fields in support of development planning. The Hides study included evaluation of a gas recycling strategy.

• Well Site Petroleum Engineer provided to oversee well testing programme in PNG Forelands.

• Technical and commercial support to the appraisal and proposed farmout programme for a forelands gas-condensate discovery.

• Independent technical evaluation and economic valuation of the interests of Interoil to support a farm-in proposal.

• Non-exclusive study of the Eastern States Gas Market including the PNG Gas Project. The study included price-constrained supply and demand modelling of the gas market to form a view on the likely timing and pricing of future gas supply into the market.

• Created an Integrated Production Forecasting tool for a major offshore oil and gas development (Australia) and also for a cluster of oil and gas fields sharing production infrastructure (PNG).

In addition a number of RISC staff have worked in technical, commercial and management positions on PNG assets and projects in their careers prior to joining RISC.



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RISC’s recent experience in Central Asia and Eastern Europe

• RISC has an ongoing role assessing new business opportunities in Central Asia for a listed oil company.

• Screening Level Review of discovered undeveloped oil field in Kazakhstan on behalf of a potential new entrant.

• Independent Review of potential for gas discoveries in Bilosarayske Area, Ukraine to be developed for supply into local gas market.

• Detailed technical analysis and economic valuation of large cross border gas project involving potential sale of gas from Eastern Russia to markets in China and Korea. Scope included assessment of gas in place, reserves, production forecasts, development costs, transportation and economics.

• Technical and economic evaluation of the potential for development of a 1.5 billion barrel oilfield development in Eastern Siberia.

• Assessment of suitability of gas field in Slovakia to act as the reservoir for a gas storage project to manage supply demand balance for local gas transmission scheme.

• Detailed Reservoir Simulation study including production forecasting of technically challenging oil rim underlying giant gas fields in Siberia.

• Review of rejuvenation potential for mature oilfield in Kurdistan for potential new entrant.

• In addition one of RISC’s Principal Reservoir Engineers was Development Team Leader for the 5 billion barrel Azeri-Chirag-Gunashli Field in the Caspian Sea. This included selection of gas injection as the optimal development concept for Azeri Field and piloting the project through select phase Project Review of ACG Phase 1 development.



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RISC’s recent experience in North West Europe

Offshore UKCS

• Evaluation of a Southern North Sea gas prospect, including conceptual development planning

• Annual Reserves audits of Central North oil fields

• Independent valuation of Central North Sea oil fields for company release to shareholders

• Independent valuation of Central North Sea oil fields on behalf of a potential purchaser

• Independent valuation of large complex salt dome producing oil field on behalf of a potential purchaser

• Independent valuation of North/Central North Sea assets as due diligence for selling company’s board of directors

• Independent valuation of West of Shetlands assets as due diligence for selling company’s board of directors

• Evaluation of a North Sea producer based on public domain data

• Evaluation of Oilex North Sea’s assets and preparation of a Competent Person Report on behalf of Premier Oil

• Independent valuation of Venture Production’s petroleum assets and preparation of a Valuation Report for public issue

• Development of a full field simulation model for conceptual development and well placement

Onshore UK

• Independent review of undeveloped gas fields on behalf of a lending bank

• Independent review of mature gas fields for a Competent Person Report

• Evaluation of Coal Seam Gas Resources in Wales

Ireland

• Independent review of an undeveloped offshore oil discovery

• Technical evaluation of an offshore gas discovery

• Review of farm-in opportunity

• Review of well test data from new well for client to reconsider farm

Netherlands

• Technical/commercial advice to sellers of various assets

• Offshore Oil field, including review of redevelopment options

• Onshore and offshore gas fields

• Independent review of a potential offshore oil development

Denmark

• Independent technical and commercial review of an undeveloped gas condensate discovery on behalf of a potential purchaser

• Provision of advice on financing a potential asset purchaser

Norway

• Reserves audits of oil fields

• Independent valuation of North Sea oil fields for company release to shareholders



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RISC in India

RISC’s emphasis is on client confidentiality, professional integrity and producing high quality analysis and advice. Since 1994, RISC has undertaken a full range of technical and commercial evaluations in over 68 countries around the world. The company has built an invaluable and enviable global experience base. This experience base includes conventional resources and shale gas, coal seam gas and tight gas.

RISC’s direct experience in working for Indian clients includes:

• Analysis of NELP Bid round blocks for a large Indian company

• Farmin assistance to a large Indian company seeking to enter Indian offshore license

• Technical assistance to a large Indian company in Joint Venture drilling in Australian license

• Petrophysics and technical analysis for a large Indian company in Joint Venture Indonesian project

• Provision of proposals to Indian government regulatory body

• Peer reviews of Indian project teams internal analysis

Our geological and engineering staff have contributed to work in many Indian basins and projects. This experience extends across country borders into the same or similar basins in neighbouring countries. Many of our staff have lived in India for extended periods, whilst holding senior positions with Indian companies. Broad categories of work conducted include geological and geophysical project work, petrophysical analysis, petroleum and reservoir engineering project work, facilities and costing, economic analysis, project management, and corporate strategy. RISC has access to office space in both Delhi and Mumbai, and capability in crucial key software packages required in the E&P business.

Examples of this experience include:

• Joint Venture participation with a number of large Indian companies in NELP round bids (including technical analysis and bid preparation)

• Preparation of Joint study R&P proposals with government bodies in a number of Indian basins

• Technical and commercial studies of most Indian basins across the spectrum of producing assets to frontier exploration

• Reservoir characterization, field appraisal and development projects

• Deepwater basin geology and geophysics projects

• Exploration and infill drilling projects

• Planning, execution and QC of integrated subsurface programs

• Planning and overseeing of seismic acquisition and processing

• Advanced geophysical analysis including 4D/4C, inversion, rock physics, multi-attribute studies

• Analysis of farmin opportunities

• Reserve/resource assessment

• Asset acquisitions

• License management, approvals, extensions, reporting

• Joint Venture management

• Liaison with government companies, government regulatory bodies

• Management of water resources in E&P projects

• E&P team guidance and management

• IPO strategy and implementation

RISC staff have experience in the following basins:

• Mumbai Offshore

• Cambay

• Barmer

• Rajasthan

• Kerala-Konkan

• Cauvery

• Krishna-Godavari

• Pranhita-Godavari

• Mahanadi-NEC

• Bengal

• Ganga Valley

• Assam/Arakan

• and a number of internal basins



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RISC’s recent experience in the Middle East

• Independent valuation of an LNG project in Qatar for the acquisition of an equity interest by an Asian NOC

• Independent reserves review for an LNG buyer of the North Field, offshore Qatar

• Assessment of acquisition opportunity in Syria for major Middle East client

• Independent Valuation of producing Masila block in Yemen

• Preparation of a Field Development Plan for a billion-barrel viscous oil field

• Evaluated potential farm-in onshore Jordan for a major Middle East E&P client

• Technical and commercial assessment of Oman Block 9 oil and gas production assets

• Technical studies and provision of commercial support for the negotiation of a buy-back contract for re-development of major onshore fractured carbonate oil field in Iraq. Scope included reservoir simulation, artificial lift assessment, facility requirements, cost estimation, schedule and upside assessment.

• Technical evaluation to support Production Sharing Agreement negotiations for an under appraised gas-condensate discovery in Iraq

• Reservoir modelling and evaluation of a proposed developed plan for the large Dalan gas field located on the border between Iran and Abu Dhabi in the Persian Gulf

• Technical review of undeveloped oil field in Iran to support potential farm-in to buy back contract

• Evaluation of acquisition opportunities in several oil and gas properties in Yemen

• Full subsurface study of mature 230-well 600 million barrel oil and gas field in Yemen. Scope included petrophysical re-evaluation, structural modelling, Petrel geological modelling, reservoir history matching and simulation, evaluation of further development opportunities and gas cap blowdown.

• Technical and commercial assessment of a mature oil field rejuvenation project in Yemen (Naifa, Sabatayn and Shuqra formations)

• Preparation of a mature field re-development plan and reserves review incorporating design of a new waterflood for the West Ayad Field, Yemen

• Review of reservoir modelling of the Azedegan oil field for potential acquisition

• Produced Competent Persons Report for AIM-listed company covering Middle East and African assets

In addition, a number of RISC staff have been based in Egypt, Oman, Kuwait and Abu Dhabi prior to joining RISC. Projects included reservoir simulation modelling for PDO of the Saih Rawl and Barik tight gas condensate fields that feed the Oman LNG project, heavy viscous oil developments in central Oman, gas developments in the Nile delta and oil developments in the Gulf of Suez.



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RISC’s recent experience Africa

RISC’s direct experience in working for African clients includes:

• Technical assessment of Devon Energy’s assets in West Africa in support of a bid for acquisition of the assets

• Valuation of Devon Energy’s assets in Egypt in support of a competitive bid for acquisition of the assets

• Independent Technical Specialist’s Reports for ROC Oil’s rights issue prospectus including assets in Mauritania and Angola

• Independent Technical Specialist’s report on Hardman’s global oil and gas portfolio in response to Tullow’s takeover offer (2006) - including significant assets in Uganda

• Independent Technical Specialist’s report on Hardman’s global oil and gas portfolio in response to Tullow’s takeover offer (2006) - including significant assets in Mauritania

• Competent Person’s Reports for Sterling Energy in support of financing of acquisition of oil and gas interests in Mauritania (2004, 6)

• Competent Person’s Report for Sterling's interests in Madagascar

Further examples of this experience include:

• Screening review of Cap Juby discovery offshore Morocco

• Valuation of exploration permits between the Canary islands and Africa as part of exploration portfolio valuation for major independent oil and gas company

• Valuation of the global exploration and appraisal assets of a major UK independent with significant assets in West Africa

• Competent Person’s Report for a number of assets located in onshore Nigeria

• Technical assessment of a package of under-developed and producing assets in offshore Nigeria and Cote d'Ivoire in support of potential asset acquisition

• Audit of a third party economic model of Nigerian Marginal Fields terms

• Concept costing and economic evaluation of gas lift installation in offshore Nigeria

• Technical peer review and support for upcoming infill drilling and well intervention operations on producing field offshore Mauritania

• Provision of technical and commercial advice in support of a major acquisition in Mauritania

• Assessment of open exploration acreage in onshore Mauritania

• Provision of technical and commercial advice in support of 2 successful acquisitions in Mauritania

• Independent technical and commercial evaluation of a company’s exploration and production assets held in Sudan, Ghana, Senegal, Cote d’Ivoire, Tunisia and Egypt

• Evaluation of a producing gas field in offshore Cote d’Ivoire

• Screening assessment of the redevelopment potential of onshore basins in Angola

• SEC Reserves audit for a company’s first filing for properties in Gabon and Mozambique

• Technical assessment of an offshore marginal field development opportunity in Congo

• Provision of short term geoscience and petroleum engineering support to an operator in Egypt in its preparation of well drilling and recompletion proposals

• Preparation of plans for infill drilling, workovers, recompletions, secondary recovery etc. in the producing fields in onshore Gulf of Suez, Egypt

• Evaluated current performance and redevelopment potential of light oil field in Egyptian Western Desert

• Independent reserves for 2 Blocks in Western Desert and Eastern Desert – Gulf of Suez Area respectively, Egypt

• Prepared plans for infill drilling, workovers, recompletions secondary recovery etc. in the producing fields in onshore Gulf of Suez, Egypt

• Independent technical and commercial evaluation of a company’s exploration and production assets held in Sudan, Ghana, Senegal, Cote d’Ivoire, Tunisia and Egypt

• Independent reserves for 2 blocks in Western Desert and Eastern Desert – Gulf of Suez Area respectively

• Preparation of a Field Development Plan for a billion barrel viscous oil field in Sudan

• Review of discovered assets in Sudan for a major Japanese acquirer

• Evaluation of Talisman’s Sudan exploration and production assets

• Reserves certification of Sudan fields

• Reserves assessment and valuation of 2 onshore oil fields under development in Libya

• Scoping assessment of Libyan Brownfield and associated gas development project





• Reservoir modelling and assessment of reserves for the Ohanet gas condensate development in Algeria

• Provision of a technical and commercial opinion on the discovered but as yet undeveloped oil and gas resources contained within blocks adjacent to the TFT and Ohanet fields onshore Algeria

• Review of exploration potential in Algerian exploration permits

• Technical and commercial assessment of a major acquisition opportunity onshore Algeria

• Technical evaluation of producing gas field offshore Tunisia

• Technical support to operator during appraisal testing operations in Uganda

• SEC Reserves audit for a company’s first filing for properties in Gabon and Mozambique



<Type Report Name>

May-10

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RISC Pty Ltd Resource Investment Strategy Consultants

AUSTRALIA HEAD OFFICE AUSTRALIA BRISBANE OFFICE UNITED KINGDOM OFFICE

Level 3 Level 2 53 Chandos Place

1138 Hay Street 147 Coronation Drive Covent Garden

WEST PERTH WA 6005 MILTON QLD 4064 LONDON WC2N 4HS

Tel: +61 (0)8 9420 6660 Tel: +61 (0)7 3025 3369 Tel: +44 (0)20 7484 8740

Fax: +61 (0)8 9420 6690 Fax: +61 (0)7 3025 3300 Fax: +44 (0)20 7812 6677

E‐mail: [email protected] E‐mail: [email protected] E‐mail: [email protected]

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Documents

Global Experience front cover - riscadvisory.com · independent valuation of an equity interest in a CSG to LNG ... precommercial banks-construction phase ... 12.5% interest by CNOOC