Existing 2-D Seismic

1. 573432 Groningen I Nord, Falster, Denmark Reservoir & Trap 1,000’ Salt/Anhydrite/Carbonate 790’ Rotliegendes Existing 2-D Seismic • Project Name: 573432 Groningen I Nord • Client Name: Resource Technologies • Leaser Name: Open and DanicaFarmin • Regional Setting: Eastern Denmark • License area: 5511+5512 and 5410+5411+5412 • Terms: • 77.0% NRI of 50 TCFG Potential Prospect • 1.5% ORRI Richard L. Coons • 1.5% ORRI H. Roice Nelson, Jr. • 20% Danish Government (25-28% Corporate Income Tax • 30% hydrocarbon tax + 20% Excess Profit Tax (if applicable) • 5% Pipeline Tariff (COP pipeline crosses lease) • $200,000 Prospect Fee due RLC & HRN when licensed. • DRC Commitment: • Form DynamiskDanmark$ 25,000. • Application Fee $ 4,590. • License Fee ~1.44 million acres $ 18,350. • Work Program: • Existing 2,390 km Seismic and 3 Wells $ 30,350. • Reprocess 500 km at $200/km $ 100,000. • Consulting fees Data Interpretation $ 20,000. • 3-D Seismic or Well cost $ 2-8 MM • Total Exposure: less than US$ 8 MM • Farm-In Opportunities: • 1.6 million acre Danica Farm-In Lease to south. • Pursing Zechstein carbonate oil potential (source?) • Hold lease across potential regional flatspot • Downdip to Rotliegendes play (known gas source) • Jordan Dansk Farm-In lease to north. • 119,643 acre license onshore Jutland • $3.2 million for 30% lease and 40% of first well • Exploratory ProspectOpportunity: • Recommend obtaining adjacent Danicalease • Reprocessing 2-D seismic data to define structure/amplitudes • ~40,000 acre closure of 650 foot Rotliegendes sands implies: • Updippotential 30+ TCFG • Total Depth well 6,000 feet, through 1,000 feet salt • During WWII locals bled methane off of water for heat source. Prospect Dip Line Rotated Seismic Removes Velocity Effect Prospect more of Strike Line Orslev1 Basin Model Fits AMI Rotated Seismic Removes Velocity Effect Tie of Basin Model To Structure Danish Lease Map