Central Graben
1 October 2012

28a-11 - East Fyne appraisal. Dip-closed mound feature within larger Fyne Field; Middle Eocene Tay Sandstone channel at c. 4,500 ft with strong amplitudes associated with 26 deg oil and primary gas cap. Well proved 24 ft gas and 11 ft oil column in Upper Tay with average porosity 31-33% and 8 ft oil in Middle Tay. Results at lower end of pre-drilling expectations. Well was not tested. 29d-11, 11Z - Erne prospect exploration. Middle Eocene Middle/Upper Tay Sandstone objective in pinch-out trap along eastern flank of Fyne Field at c. 5,500 ft showing down-dip amplitude shut-off. Main hole encountered 10 ft net gas and in Upper Tay and 20 ft net oil pay in Middle Tay over 50 ft gross interval with no water sands. Well was not tested.