Greece - Russia Investment Conference Mr. Y.Kanataev

1. Greece - Russia Investment Conference Mr. Y.Kanataev President of the Association of high-tech companies "Pandjsher - Alkor" GeoVisionTM Technology - Direct method of geological search of commercial deposits of hydrocarbons ASSOCIATION OF HIGHTECHNOLOGY COMPANIES «PANDJSHER-ALKOR»

2. ASSOCIATION OF HIGHTECHNOLOGY COMPANIES«PANDJSHER-ALKOR» 1. Scientific and Production Company «Pandjsher-Holding» - 1999 2. ALKOR Group of companies - 1991 3. JSC “Saratovneftegeofizika” - 1946 4. JSC “Incor Engineering” - 1990 Patents:

3. Chronology of works on Microlepton technology GeoVisionTM 1997 – 2011, Russia. 1999, England, Scotland. 1998, 2003, Usbekistan. 1996, Kazakhstan, 2006-2009 Mongolia 2002, Moldova. 1993, N.Korea. 1995, Cyprus. 1994, S.Korea. 1998Ethiopia 2008 Tanzania 1995, Australia. 1995, Australia. 2000, 2001, Oil & Gas, Gold, Mineral Sands & Salinity, Australia. Natural Gas Mineral Sands Oil Gold Ground Water / Salinity

4. Works on Arigolsky deposit, Russia,1997 The comparative map of microlepton field intensity distribution on the test territory and oil deposits outlines. The investigated deposits contoursare marked in yellow, prospective territory - in red.

5. OIL wells on Arigolsky deposit, Russia, 2009

6. Works on Yamburg deposit RAO «Gasprom», Russia,1998

7. Works on Yamburg deposit RAO «Gasprom», Russia, 2009 Oil Wells & ML Image

8. Works on Yamburg deposit RAO «Gasprom», Russia, 2009 “Gasprom” Opinion Letter 8

9. Works on Yamburg deposit RAO «Gasprom», Russia, 2009 Translation of GASPROM Letter Yury A. Kanataev President Association of high technology Companies Results of application of microlepton method on Aneryakhskoy field Dear Yury, The work carried out by your specialists with the application of micro-lepton method Geovision (space geological research) on Aneryakhskoy fuild (code version – Averyadskoy fuild) of the Yamburg hydrocarbon condensate deposit in 1997-1998 is rated by our Department as positive. The factual debit of production wells of the mentioned deposit is correlated with the pointed out by Geovision method concentration of resources (gas-bearing stratum) of the hydrocarbon interpreted In 1998. The accuracy of the location of hydrocarbon forecasted on the working map (1:140000) as a result of the research varies within 60 to 80%. Production wells drilled by Gasprom located in the black and blue sectors of the working map have the biggest debits of gas which proves the effectiveness of the Geovision method. The data received as a result of application of this method was used while installing research and production wells which allowed save time optimize the net of production wells and minimize the Gasprom capital expenses for drilling. Besides this work was mentioned as positive in the Report of the Gasprom workers in April 1998 “Gasprom experience of application of space geologica micro lepton method of research of hydrocarbon deposits” (V.A.Ponomarev, P.I. Dvorezky, A.E. Nikolaev) Thus results of application of micro lepton Geovision method were used while planning the placing of research and production wells with the aim of more effective exploitation of the territory of Aneryakhskoy fuild of the Yamburg hydrocarbon condensate deposit which in category C1 is valued as 400 billion m3. The volume of produced gas from 1999 to 2009 – 49.5 billion m3 . Combined year debit of all production wells comes up to 5billion m3 . In the year of 2010 Gasprom plans application of remote earth sensing methods in some new not well researched territories. S.M Karnaukhov Chief Office of geological research and licensing Department of gas, gas condensate and oil 9

10. Test works for“Jugraneft” company, Russia, 2001 The comparative map of microlepton field intensity distribution on the test territory and oil deposits outlines. The investigated deposits contoursare marked in yellow, prospective territory - in red.

11. Test works for“Jugraneft” company, Russia, 2001 The opinion certificate on the test work results, showing the prospective deposits contours concurrence to the Customer’s data more than 80%

12. Works in Russia - Kalmikia, 2007-2008

13. Works in Russia -Kalmikia, 2007-2008

14. Works in Russia - Omsk, 2010

15. Comparison of GeoVision technology with traditional mineral search methods Traditional methods(2D, 3D seismic): - ecologically “dirty” method. Their use is especially dangerous onthe shelf: it causes a complete flora and fauna destruction in the tested regions; - don’t allowwithout drilling to define deposits location and their main characteristics; - require a great amount of searching and geo-investigational well drilling, more than appear to be a half of them are “dry” ; - are time and cost-intensive. 2D- seismiccost is 5-8 thsnd. US dollars/sq.km, 3D-seismic – 15-20 thsnd. US dollars/sq.km.Searching and geo-investigational well drilling cost is 10-15 thsnd. US dollars/sq.km. On the whole licensed territory investigational expenditures on surface comprise 20-30 thsnd. US dollars/sq.km, on the shelf – 30-40 thsnd. US dollars/sq. km. Investigational period is 1-3 years.

16. Comparison of GeoVision technology with traditional mineral search methods GeoVision technology: - ecologically “clear” method ; - 5-7 times reduces the investigational period; - defines more important deposits characteristics with about 90% exactness; - almost eliminates “dry” drilling; - allows to reduce considerably the expenditures on investigationsand deposit exploitation. The technology investigational period is 3-5 months.

17. Perspective Works in Greece, 2011 17