KrisEnergy LTD - Appendix D - Volume2

NETHERLAND, SEWELL
& ASSOCIATES, INC.
Angun-1 Interpreted Well Log

Angun Field, Gulf of Thailand
Pay 13
Pay 14
Pay 15
Pay 16
All estimates and exhibits herein are part of this NSAI report and are subject to its parameters and conditions.
Figure 9.6.3
Page 2 of 2
D-195
Figure 9.6.4
D-196
6,907
7,037
7,057
7,095
7,143
7,196
7,311
7,850
7,853
8,321
9,212
6,068
6,105
6,363
6,421
6,476
6,496
6,565
6,614
6,667
6,910
7,033
7,180
7,232
7,642
8,523
8,603
Base
(ft MD)
4,664
4,745
4,756
4,782
4,802
4,839
4,908
5,216
5,238
5,549
6,207
4,341
4,374
4,581
4,626
4,678
4,693
4,744
4,787
4,816
5,025
5,125
5,528
5,269
5,594
6,304
6,377
Top
(ft TVDSS)
4,670
4,749
4,761
4,784
4,812
4,844
4,912
5,238
5,240
5,557
6,243
4,346
4,376
4,588
4,635
4,681
4,697
4,753
4,793
4,836
5,032
5,130
5,247
5,288
5,614
6,317
6,381
Base
(ft TVDSS)
7
3
5
2
11
5
4
22
2
8
35
5
2
7
9
2
4
10
6
20
7
5
18
19
20
13
4
4
2
0
0
2
2
0
0
0
0
0
67
0
0
0
5
0
0
2
5
16
3
0
11
15
11
0
0
Net Pay
(ft TVT)
0.31
0.26
0.30
0.29
-
0.31
0.27
0.28
0.30
0.25
0.22
0.21
0.24
-
Porosity
(Decimal)
0.48
0.57
0.58
0.64
-
0.40
0.53
0.35
0.38
0.53
0.55
0.39
0.49
-
Water
Saturation
(Decimal)
Low Estimate Case
18
4
3
3
0
4
4
0
0
0
0
0
69
0
0
0
5
0
2
2
5
16
3
0
11
15
11
0
0
0.30
0.25
0.20
0.26
0.27
-
0.31
0.23
0.26
0.28
0.30
0.25
0.22
0.21
0.24
-
0.42
0.34
0.42
0.41
0.50
-
0.38
0.55
0.52
0.34
0.35
0.48
0.53
0.34
0.48
-
Best Estimate Case

Water
Net Pay
Porosity
Saturation
(ft TVT)
(Decimal)
(Decimal)
Total
Angun-2
Pay 1
Pay 2
Pay 3
Pay 4
Pay 5
Pay 6
Pay 9
Pay 12
Pay 13
Pay 14
Pay 15
6,896
7,032
7,049
7,092
7,125
7,188
7,305
7,815
7,850
8,310
9,168
6,062
6,103
6,355
6,410
6,473
6,491
6,553
6,606
6,642
6,901
7,027
7,157
7,208
7,617
8,507
8,598
Angun-1
Pay 1
Pay 2
Pay 3
Pay 4
Pay 5
Pay 6
Pay 7
Pay 8
Pay 9
Pay 10
Pay 11
Pay 12
Pay 13
Pay 14
Pay 15
Pay 16
Total
Top
(ft MD)
Well/Zone
Gross
Interval
(ft TVT)
PETROPHYSICAL SUMMARY
ANGUN FIELD, GULF OF THAILAND
AS OF DECEMBER 31, 2012
21
4
3
3
1
5
4
0
0
0
2
0
105
3
0
2
8
2
3
5
5
16
4
0
13
15
17
10
3
0.30
0.25
0.20
0.21
0.24
0.27
0.31
0.18
-
0.24
0.20
0.27
0.21
0.22
0.24
0.28
0.30
0.25
0.22
0.21
0.23
0.22
0.23
0.33
0.20
0.28
0.27
0.27
0.22
0.59
0.59
-
0.57
0.46
0.32
0.30
0.27
0.38
0.25
0.29
0.35
0.38
0.19
0.40
0.52
0.52
High Estimate Case

Water
Net Pay
Porosity
Saturation
(ft TVT)
(Decimal)
(Decimal)
Figure 9.6.5
D-197
Angun-2
Angun-1
Angun-2
Angun-2
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Well
Angun-2
Angun-1
Angun-2
Angun-2
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Pay 1
Pay 4
Pay 5
Pay 6
Pay 7
Pay 8
Pay 9
Pay 12
Pay 13
Pay 14
Pay 15
Zone
Pay 1
Pay 4
Pay 5
Pay 6
Pay 7
Pay 8
Pay 9
Pay 12
Pay 13
Pay 14
Pay 15
3C
3C
3C
3C
3C
3C
3C
3C
3C
1C
2C
Resources
Category
3C
3C
3C
3C
3C
3C
3C
3C
3C
1C
2C
Resources
Category
P50
8,740
22,260
21,195
16,695
30,025
18,805
67,645
17,930
21,132
11,264
13,165
P05
0.52
0.60
0.42
0.36
0.47
0.65
0.62
0.45
0.61
0.51
0.30
0.58
0.62
0.59
0.50
0.48
0.66
0.65
0.47
0.66
0.52
0.40
0.68
0.68
0.75
0.78
0.63
0.75
0.73
0.62
0.81
0.61
0.48
Hydrocarbon Saturation
(Decimal)
Most
Min
Likely
Max
250
250
250
250
250
250
250
250
250
2,266
135
P95
0.64
0.50
0.36
0.81
0.25
0.75
0.78
0.61
0.77
0.56
0.40
0.80
0.90
0.43
0.82
0.58
0.83
0.80
0.74
0.84
0.84
0.75
1.27
1.27
1.29
1.29
1.29
1.29
1.29
1.31
1.32
1.33
1.36
1.29
1.29
1.32
1.32
1.32
1.32
1.32
1.34
1.34
1.35
1.39
1.31
1.31
1.33
1.33
1.33
1.33
1.33
1.35
1.36
1.37
1.41
Formation Volume Factor

(RB/STB)
Most
Min
Likely
Max
0.40
0.40
0.15
0.38
0.21
0.69
0.75
0.60
0.67
0.55
0.10
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Well
Zone
Gross Rock Volume

(ac-ft)
VOLUMETRIC INPUT PARAMETERS - CONTINGENT RESOURCES

0.30
0.31
0.26
0.27
0.26
0.28
0.30
0.22
0.21
0.24
0.20
0.32
0.32
0.30
0.29
0.27
0.29
0.31
0.23
0.22
0.25
0.21
Max
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.28
0.26
0.24
0.24
0.21
0.24
0.27
0.20
0.20
0.21
0.19
Min
Porosity
(Decimal)
Most
Likely
Figure 9.6.6
D-198
Angun-2
Angun-1
Angun-2
Angun-2
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Angun-1
Pay 1
Pay 4
Pay 5
Pay 6
Pay 7
Pay 8
Pay 9
Pay 12
Pay 13
Pay 14
Pay 15
2.6
2.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.4
0.2
85.4
83.4
3.7
8.7
3.6
6.0
4.2
8.6
31.8
4.5
8.1
4.5
1.6
0.3
0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.0
0.6
0.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.6
0.1
21.8
21.1
0.9
2.2
0.9
1.5
1.1
2.2
8.0
1.2
2.1
1.2
0.4
23
23
23
-
1C
24
25
24
23
Recovery Factor(1)
(Percent)
2C
26
25
26
26
25
25
25
26
25
27
26
28
25
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Oil Resources by unrounded Original Oil-In- Place. See Volumetric Input
Parameters for recovery factor input distributions.
Arithmetic sums do not include the portfolio effect that might result from statistical aggregation and may not add because of rounding.
1.2
1.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.2
0.0
Gross (100 Percent)

Contingent Oil Resources (MMBBL)
1C
2C
3C
(2)
(1)
Arithmetic Sum(2)
Probabilistic Sum
Well
Zone
Original Oil-In-Place (MMBBL)

1C
2C
3C
SUMMARY OF ORIGINAL OIL-IN-PLACE AND

GROSS (100 PERCENT) CONTINGENT OIL RESOURCES
TECHNICAL DISCUSSION
MANTANA FIELD, BLOCK G11/48
GULF OF THAILAND
10.1
OVERVIEW
Mantana Field is a gas discovery located in the southern portion of the Pattani Basin in Block
G11/48 in the Gulf of Thailand. Figure 3.7.1 shows a location map of the area. Contingent gas
resources subclassified as development unclarified have been estimated for this discovery.
The resources shown for Mantana Field are contingent upon (1) the collection of additional
technical data, to be gathered through delineation wells and flow tests, to establish the size
and commercial viability of the project, (2) commitment of the license partners to develop the
resources, and (3) submission and approval of a PAA. If these issues are resolved, some
portion of these contingent resources may be reclassified as reserves. Because of the early
stage of development of this project, we did not perform an economic analysis on these
resources; as such, the economic status of these resources is undetermined.
The Mantana-1 well, the discovery well for Mantana Field drilled in 2009, penetrated 190 ft of
gas in 25 Miocene sands. Two of the sands were flow-tested, and most of the sands had MDT
pressure samples that confirmed the hydrocarbons were gas and not oil in the sands that were
not flow-tested. Because most of the gas sands were very thin and probably noncommercial,
we limited our analysis to those intervals that calculated a minimum thickness of 10 ft TVDSS
in the best estimate petrophysical case. Of the 25 gas sands, we have included only 7 in this
report. We have estimated 1C, 2C, and 3C contingent gas resources for the two zones that
flow-tested gas (Pays 19 and 24). For the remaining zones, we have estimated 2C and 3C
contingent gas resources.
We estimate the gross (100 percent) contingent gas resources and the net contingent gas
resources to the KrisEnergy working interest in Mantana Field, as of December 31, 2012, to
be:
Contingent Gas Resources (BCF)
Gross (100 Percent)
Working Interest(1)
1C
2C
3C
1C
2C
3C
4.9
(1)
14.8
26.1
1.2
3.7
6.5
KrisEnergys current working interest is 25 percent in Block G11/48. It is

anticipated that local participation will reduce this working interest to
22.5 percent. Working interest reserves are estimated based on the current
working interest.
Gas volumes are expressed in BCF at standard temperature and pressure bases.
10.2
DATA SOURCES
Data were provided to us by Mubadala, the operator of the properties, and KrisEnergy in both
electronic and hard copy format. The key data utilized in our evaluation in addition to the data
listed in the Executive Summary are listed below:
Mubadalas interpreted SMT project, including maps and 2-D seismic data
Mubadalas postwell volumetric calculations

Page 41
D-199
10.3
Digital log data for the Mantana-1 well and for several nearby off-structure wells
Mubadalas petrophysical report
GEOPHYSICAL AND GEOLOGICAL SUMMARY

10.3.1 FIELD OVERVIEW
Mantana Field was discovered in 2009 with the drilling of the Mantana-1 exploration well. The
field is a seismically defined, fault-bounded 3-way dip closure in the up-thrown footwall of a
normal fault block. The Mantana-1 well was drilled on the crest of the structure.
The productive interval in Mantana Field is Early-Middle Miocene age near-shore sandstones.
Tectonic rifting resulted in numerous normal faults in subbasins of the Pattani Basin that were
subsequently filled with sediments. The Mantana-1 well logged 25 intervals that have been
interpreted as gas-bearing. Our analysis includes Pays 7, 18, 19, 20, 21, 23, and 24. All seven
intervals logged gas full to the base of the sand. The other 18 gas-bearing sands are only
included in the petrophysical summary and log figures in this report because the sands are thin
and probably noncommercial.
10.3.2 GEOLOGIC MAPPING

The low estimate gas-bearing GRVs for three of the seven reservoirs are based on the LKG
logged in the Mantana-1 and the corresponding areal structural extent. For the best estimate
case in the other four reservoirs, we used the MDT data to approximate a most likely gaswater contact (GWC). The high estimate GRV for each of the seven sands was based on the
structural spill point. A summary of the basis for the GRV calculations by zone is provided in
Figure 10.6.1. The depth structure maps for the two tested intervals are shown in Figures
10.6.2 and 10.6.3.
10.4
Parameter assumptions include an m value of 2.0, an n value of 2.0, and an Rw ranging from
0.1 to 0.7 ohm-m at reservoir temperature of 200F. Cutoff parameters of porosity greater than
or equal to 10 percent, water saturation less than or equal to 65 percent, and shale volume
less than or equal to 40 percent were used to determine net pay. The log for Mantana-1, with
interpreted net pay, is shown in Figure 10.6.4. The calculated net pay, porosity, and water
saturation are shown in Figure 10.6.5.
10.5
RESERVOIR ENGINEERING SUMMARY

Two tests were conducted in the Pay 19 and Pay 24 intervals of the Mantana-1. These tests
are summarized in the following table:
Perforation (ft MD)
Test
1
3
Top
8,633
7,318
Bottom
Zone
8,653 Pay 24
7,338 Pay 19
CondensateDuration Choke Gas Rate

FWHP Gravity
Gas Ratio
(hr)
(in)
(MMCFD) (BBL/MMCF) (psig) (API)
4
7
28/64
44/64
5
11
2740
2583
44.3
CO2
(%)
55-75
30
H 2S
(ppm)
2
5-8
Page 42
D-200
MDT pressures were taken over the zones of interest. The pressure gradients measured over
the zones of interest ranged from 0.071 to 0.100, which is indicative of gas-bearing zones.
Estimated fluid and reservoir properties are summarized below:
Initial reservoir pressure ranges from 2,600 to 4,000 psia.
Reservoir temperature ranges from 270 to 355F.
Gas FVF is approximately 120 standard cubic feet per reservoir cubic foot (SCF/ft3).
10.5.1 PROBABILISTIC RESOURCES DETERMINATION

A probabilistic spreadsheet model was constructed to calculate 1C, 2C, and 3C original gas-inplace (OGIP) and contingent resources for Mantana Field. We determined the type of
distribution and input parameters for the various volumetric parameters by individual reservoir.
GRV input parameters were assigned a lognormal distribution with input values of P05 and
either P95 or P50, all of which were based on the low, most likely, and high estimate cases
discussed earlier. Recovery factors are based on analogous fields in the region and the
operators experience in the basin. Gas recovery factors range from 55 to 85 percent.
All volumetric input parameters are summarized in Figure 10.6.6. The resulting OGIP and
gross (100 percent) contingent resources calculated in the probabilistic model are summarized
in Figure 10.6.7.
Page 43
D-201
Figure 10.6.1
D-202
2C
1C
2C
2C
2C
1C
Pay 18
Pay 19
Pay 20
Pay 21
Pay 23
Pay 24
11
Test
(MMCFD)
LKG @ -7,049 ft
(Mantana-1)
LKG @ -6,964 ft
(Mantana-1)
LKG @ -6,254 ft
(Mantana-1)
LKG @ -6,161 ft
(Mantana-1)
LKG @ -6,102 ft
(Mantana-1)
LKG @ -6,056 ft
(Mantana-1)
LKG @ -5,217 ft
(Mantana-1)
Low Estimate Case
MDT based GWC @ -6,320 ft

(Mantana-1)

(Mantana-1)

(Mantana-1)

(Mantana-1)
Best Estimate Case
2C
Resources
Category
Pay 7
Zone
GROSS ROCK VOLUME BASIS

MANTANA FIELD, GULF OF THAILAND
Spill point @ -7,120 ft
High Estimate Case
Lognormal
Lognormal
Lognormal
Lognormal
Lognormal
Lognormal
Lognormal
Distribution
Type
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Mantana Field
Gulf of Thailand
Depth Structure
Top Pay 19 Zone
Contour Interval: 50 feet
SCALE IN METERS
Map Projection: UTM; Everest 1830 Ellipsoid (1937 Adjustment)
500
1,000
1,500
2,000
Figure 10.6.2
D-203
LKG @ -7,049 ft
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Mantana Field
Gulf of Thailand
Depth Structure
Top Pay 24 Zone
SCALE IN METERS
Map Projection: UTM; Everest 1830 Ellipsoid (1937 Adjustment)
500
1,000
1,500
2,000
Figure 10.6.3
D-204
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Mantana-1 Interpreted Well Log

Mantana Field, Gulf of Thailand
Pay 7
Pay 8
Pay 9
Pay 10
Pay 11
Pay 12
Pay 13
Pay 14
Pay 15
Pay 16
Figure 10.6.4
Page 1 of 2
D-205
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Mantana-1 Interpreted Well Log

Mantana Field, Gulf of Thailand
Pay 17
Pay 18
Pay 19
Pay 20
Pay 21
Pay 22
Pay 23
Pay 24
Figure 10.6.4
Page 2 of 2
D-206
Figure 10.6.5
D-207
5,652
5,680
5,755
5,850
5,890
5,981
6,068
6,419
6,439
6,554
6,567
6,643
6,810
6,830
6,911
6,916
7,128
7,265
7,302
7,377
7,522
7,589
8,475
8,619
9,153
9,542
9,878
10,032
10,295
Top
(ft MD)
5,661
5,683
5,760
5,854
5,893
5,988
6,083
6,422
6,448
6,559
6,572
6,647
6,825
6,835
6,915
6,923
7,134
7,280
7,344
7,427
7,556
7,597
8,542
8,660
9,179
9,552
9,894
10,049
10,310
Base
(ft MD)
4,913
4,933
4,986
5,053
5,081
5,145
5,206
5,455
5,469
5,549
5,559
5,612
5,729
5,743
5,800
5,803
5,950
6,045
6,072
6,125
6,229
6,277
6,916
7,019
7,405
7,696
7,947
8,063
8,265
Top
(ft TVDSS)
4,920
4,935
4,990
5,056
5,083
5,150
5,217
5,457
5,475
5,553
5,562
5,615
5,740
5,747
5,803
5,808
5,954
6,056
6,101
6,161
6,253
6,283
6,964
7,049
7,424
7,703
7,959
8,076
8,276
Base
(ft TVDSS)
6
2
4
3
2
5
11
2
6
4
4
3
11
4
3
5
4
11
30
36
24
6
48
29
19
8
12
13
12
129
4
0
2
0
0
4
10
0
0
2
0
1
3
0
0
1
0
9
23
19
4
1
29
14
0
0
3
0
0
Net Pay
(ft TVT)
0.26
0.25
0.25
0.23
0.28
0.27
0.23
0.17
0.23
0.18
0.22
0.26
0.24
0.27
0.24
0.26
0.19
0.20
0.18
-
Porosity
(Decimal)
0.40
0.65
0.54
0.54
0.33
0.62
0.47
0.62
0.51
0.60
0.64
0.38
0.38
0.46
0.57
0.60
0.50
0.57
0.60
-
Water
Saturation
(Decimal)
Low Estimate Case
188
4
1
3
1
0
5
10
0
2
2
2
1
6
1
0
2
3
10
24
25
10
3
39
18
0
2
7
6
3
0.26
0.25
0.25
0.22
0.22
0.28
0.27
0.17
0.23
0.17
0.21
0.17
0.14
0.21
0.24
0.26
0.24
0.26
0.22
0.26
0.19
0.20
0.21
0.18
0.20
0.23
0.36
0.61
0.46
0.59
0.45
0.29
0.49
0.62
0.39
0.56
0.46
0.54
0.62
0.50
0.49
0.25
0.25
0.41
0.44
0.54
0.43
0.48
0.60
0.50
0.50
0.54
Best Estimate Case

Water
Net Pay
Porosity
Saturation
(ft TVT)
(Decimal)
(Decimal)
Total
Mantana-1
Pay 1
Pay 2
Pay 3
Pay 4
Pay 5
Pay 6
Pay 7
Pay 8
Pay 9
Pay 10
Pay 11
Pay 12
Pay 13
Pay 14
Pay 15
Pay 16
Pay 17
Pay 18
Pay 19
Pay 20
Pay 21
Pay 22
Pay 23
Pay 24
Pay 25
Pay 26
Pay 27
Pay 28
Pay 29
Well/Zone
Gross
Interval
(ft TVT)
237
6
1
4
3
2
5
10
1
6
3
4
2
10
2
2
4
4
10
24
28
15
4
43
19
2
4
8
7
6
0.23
0.25
0.25
0.21
0.20
0.24
0.28
0.22
0.16
0.22
0.17
0.20
0.15
0.13
0.14
0.20
0.22
0.26
0.24
0.26
0.21
0.23
0.19
0.20
0.15
0.20
0.17
0.20
0.21
0.28
0.56
0.33
0.42
0.52
0.15
0.27
0.37
0.20
0.36
0.31
0.17
0.33
0.26
0.28
0.30
0.27
0.21
0.18
0.36
0.27
0.45
0.27
0.39
0.38
0.55
0.45
0.35
0.36
High Estimate Case

Water
Net Pay
Porosity
Saturation
(ft TVT)
(Decimal)
(Decimal)

Gross Rock Volume
(Acre-Feet)
Zone
Pay 7
Pay 18
Pay 19
Pay 20
Pay 21
Pay 23
Pay 24
Zone
Pay 7
Pay 18
Pay 19
Pay 20
Pay 21
Pay 23
Pay 24
Zone
Pay 7
Pay 18
Pay 19
Pay 20
Pay 21
Pay 23
Pay 24
Resources
Category
2C
2C
1C
2C
2C
2C
1C
Resources
Category
2C
2C
1C
2C
2C
2C
1C
Resources
Category
2C
2C
1C
2C
2C
2C
1C
P95
P50
80
8,360
18,185
3,599
3,800
13,129
6,620
P05
2,428
11,550
27,379
46,736
21,545
22,133
15,167
(Decimal)
Most
Min
Likely
Max
0.57
0.60
0.60
0.47
0.45
0.46
0.42
0.71
0.75
0.75
0.59
0.56
0.57
0.52
0.80
0.80
0.80
0.71
0.67
0.69
0.63
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
0.79
0.82
0.69
0.60
0.34
0.70
0.51
0.93
0.97
0.81
0.70
0.40
0.82
0.60
1.00
1.00
0.93
0.81
0.46
0.94
0.69

(SCF/ft3 )
Most
Min
Likely
Max
115
115
115
115
115
115
115
120
120
120
120
120
120
120
140
140
140
140
140
140
140
Min
Porosity
(Decimal)
Most
Likely
Max
0.25
0.23
0.22
0.23
0.20
0.17
0.18
0.28
0.26
0.24
0.26
0.22
0.19
0.20
0.31
0.28
0.27
0.29
0.25
0.21
0.22
Hydrocarbon Fraction
(Decimal)
Most
Min
Likely
Max
0.72
0.58
0.60
0.55
0.50
0.18
0.23
0.85
0.68
0.70
0.65
0.59
0.21
0.27
0.98
0.78
0.81
0.75
0.68
0.24
0.31
Recovery Factor (Decimal)

Most
Min
Likely
Max
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.85
0.85
D-208
Figure 10.6.6
Figure 10.6.7
D-209
38.3
35.6
1.4
7.1
13.9
10.1
2.3
2.3
1.4
3C
4.8
4.9
0.0
0.0
4.4
0.0
0.0
0.0
0.4
1C
(2)
19.9
21.0
0.4
5.2
9.7
1.4
0.6
1.7
0.9
2C
14.0
14.8
0.3
3.7
6.8
1.0
0.4
1.2
0.6
2C
28.0
26.1
1.0
5.3
10.2
7.2
1.6
1.7
1.0
3C
Gross (100 Percent)

66
66
66
67
1C
70
71
70
70
71
70
70
70
70
2C
Recovery Factor(1)
(Percent)
73
73
70
74
74
72
71
74
74
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Gas Resources by unrounded Original Gas-in-Place. See
Volumetric Input Parameters for recovery factor input distributions.
7.3
7.4
Arithmetic Sum(2)
Probabilistic Sum
(1)
0.0
0.0
6.7
0.0
0.0
0.0
0.6
1C
Pay 7
Pay 18
Pay 19
Pay 20
Pay 21
Pay 23
Pay 24
Zone
Original Gas-in-Place (BCF)
SUMMARY OF ORIGINAL GAS-IN-PLACE AND

GROSS (100 PERCENT) CONTINGENT GAS RESOURCES
PROSPECTIVE RESOURCES, BLOCK G11/48
GULF OF THAILAND
11.1
OVERVIEW
Block G11/48, shown on Figure 3.7.1, is located in the Malay Basin in the Gulf of Thailand, and
is approximately 6,791 km2 in area. The area is adjacent to the western boundary of the
Malaysia-Thai Joint Development Area (MTJDA) where several large gas and condensate
fields have been discovered. Within the block, several oil and gas discoveries have recently
been made. Mubadala is the operator of the block. From 2007 to 2008, 2,961 km of 2-D
seismic data were acquired and processed, and from 2009 to 2010, 313 km2 of 3-D seismic
data covering the Nong Yao Field in the northern end of the block were acquired.
Prospective gas resources have been estimated for five prospects and five leads, all targeting
the sand and shale sequences in the Miocene section. The location of the prospects and leads
and their proximity to discovered non-producing oil and gas fields in the block are also shown
in Figure 3.7.1. A geologic risk assessment was performed for the prospects and leads, as
discussed in the Executive Summary. We did not perform an economic analysis on these
resources; as such, the economic status of these resources is undetermined.
We estimate the gross (100 percent) and the net unrisked and risked prospective gas
resources to the KrisEnergy working interest in Block G11/48, as of December 31, 2012, to be:
Subclassification/
Category
Prospective Gas Resources (BCF)

Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Prospects
Low Estimate
Best Estimate
High Estimate
24.9
49.7
108.8
6.3
12.8
28.4
6.2
12.4
27.2
1.6
3.2
7.1
Leads
Low Estimate
Best Estimate
High Estimate
12.0
26.7
60.1
2.3
5.0
11.3
3.0
6.7
15.0
0.6
1.3
2.8
(1)
KrisEnergys current working interest is 25 percent in Block G11/48. It is anticipated that

local participation will reduce this working interest to 22.5 percent. Working interest
resources are estimated based on the current working interest.
Gas volumes are expressed in BCF at standard temperature and pressure bases. The
prospective resources shown for Block G11/48 have been estimated using probabilistic
methods and are dependent on a petroleum discovery being made.
11.2
DATA SOURCES
Data were provided to us by KrisEnergy in both electronic and hard copy format. The key data
utilized in our evaluation in addition to the data listed in the Executive Summary are
KrisEnergys interpreted SMT project, including grids, maps, and 2-D and 3-D seismic data.
Page 44
D-210
11.3

Block G11/48 is located at the southern extension of the Malay Basin. The primary trap
consists of highside closures against normal faults. Numerous wells have been drilled within
the block, and three recent oil and gas discoveries have been made: Nong Yao, Angun, and
Mantana Fields. The productive reservoirs found in these fields and the primary targets of the
prospects and leads are the numerous sand and shale sequences within the Miocene age
sediments. The characteristics of the sands, including porosity, permeability, and water
saturation, vary over a wide range.
Both the prospects and leads in the block have structural characteristics that are very similar to
the known oil or gas accumulations, and in general, the Pg for each prospect and lead is
relatively high. However, there are some wells in the block that drilled similar structures and
failed to find commercial accumulations of oil or gas. The geologic reasons for the failed wells
are not well understood, but the probable cause is trap failure or timing/migration into the fault
block.
All of the prospects and leads target the Miocene interval. As shown in the logs for Nong Yao,
Angun, and Mantana, the number of productive sands, as well as their thicknesses and areal
extent, can vary greatly. We accounted for this variation by defining high and low estimates for
both area and thickness, which were multiplied to derive high and low estimates for GRV. The
area used in the high estimate was derived using the maximum structural closure defined by a
fault tip-out or a spill point. The area used in the low estimate is the area associated with onethird of the structural closure. The net sand thickness values used were 100 ft in the high
estimate and 10 ft in the low estimate. This method accounts for the potential for a number of
productive sands as well as the amalgamated thickness of two or more sands.
11.4

A probabilistic spreadsheet model was constructed to calculate low, best, and high estimate
OGIP and prospective resources for Block G11/48. We determined the type of distribution and
input parameters for the various volumetric parameters by individual prospect or lead. GRV
input parameters were defined by a lognormal distribution, with input values of P95 and P05
based on the low and high estimate cases discussed earlier. Probability ranges for all other
volumetric parameters were estimated based on analogous fields in the region and our
knowledge of similar reservoirs.
All volumetric input parameters are summarized in Figure 11.5.1. The resulting unrisked and
risked OGIP and gross (100 percent) prospective resources calculated in the probabilistic
model are summarized in Figure 11.5.2.
Page 45
D-211
VOLUMETRIC INPUT PARAMETERS - PROSPECTIVE RESOURCES

BLOCK G11/48, GULF OF THAILAND
Gross Rock Volume

(Acre-Feet)
P95
P50
P05
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Porosity
(Decimal)
Most
Min
Likely
Max
Subclassification/
Name
Zone
Prospects
Bussabong East
Bussabong South
Chuan Chum
Dao
Fueng Fah
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
5,886
6,295
9,131
6,257
1,443
159,904
129,030
325,554
229,104
103,168
0.50
0.50
0.50
0.50
0.50
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.22
0.22
0.22
0.22
0.22
0.25
0.25
0.25
0.25
0.25
0.28
0.28
0.28
0.28
0.28
Leads
Lead A
Lead B
Lead C
Lead D
Lead E
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
3,459
2,880
1,377
3,710
911
122,768
94,362
74,056
147,320
46,748
0.50
0.50
0.50
0.50
0.50
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.22
0.22
0.22
0.22
0.22
0.25
0.25
0.25
0.25
0.25
0.28
0.28
0.28
0.28
0.28

(SCF/ft3)
Gas Saturation
(Decimal)
Subclassification/
Name
Zone
(Decimal)
Min
Most
Likely
Max
Min
Most
Likely
Max
Min
Most
Likely
Max
Prospects
Bussabong East
Bussabong South
Chuan Chum
Dao
Fueng Fah
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
0.50
0.50
0.50
0.50
0.50
0.62
0.62
0.62
0.62
0.62
0.75
0.75
0.75
0.75
0.75
210
210
210
210
210
230
230
230
230
230
250
250
250
250
250
0.20
0.20
0.20
0.20
0.20
0.25
0.25
0.25
0.25
0.25
0.40
0.40
0.40
0.40
0.40
Leads
Lead A
Lead B
Lead C
Lead D
Lead E
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
0.50
0.50
0.50
0.50
0.50
0.62
0.62
0.62
0.62
0.62
0.75
0.75
0.75
0.75
0.75
90
90
90
90
90
100
100
100
100
100
110
110
110
110
110
0.60
0.60
0.60
0.60
0.60
0.70
0.70
0.70
0.70
0.70
0.80
0.80
0.80
0.80
0.80
Recovery Factor
(Decimal)
Most
Min
Max
Likely
Subclassification/
Name
Zone
Prospects
Bussabong East
Bussabong South
Chuan Chum
Dao
Fueng Fah
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
0.55
0.55
0.55
0.55
0.55
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
Leads
Lead A
Lead B
Lead C
Lead D
Lead E
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
0.55
0.55
0.55
0.55
0.55
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
D-212
Figure 11.5.1
Figure 11.5.2
D-213
5.8
17.2
1.6
1.2
0.6
1.8
0.4
11.8
35.7
2.4
2.5
3.4
2.7
0.7
25.2
38.3
6.8
5.7
3.1
7.7
2.0
48.6
71.3
9.0
8.5
15.9
11.3
3.8
108.2
84.4
27.0
21.6
16.0
33.3
10.3
195.0
154.1
33.0
26.3
67.6
47.9
20.2
4.0
12.0
1.1
0.8
0.4
1.3
0.3
8.1
24.9
1.7
1.7
2.4
1.8
0.5
17.4
26.7
4.7
3.9
2.2
5.3
1.4
33.8
49.7
6.3
5.8
11.0
8.0
2.7
76.7
60.1
19.2
15.2
11.4
23.6
7.3
138.3
108.8
23.7
19.0
47.4
33.7
14.4
1.1
3.3
0.4
0.3
0.1
0.3
0.1
3.0
9.1
0.6
0.5
1.0
0.7
0.2
4.8
7.1
1.5
1.3
0.6
1.2
0.2
12.6
18.2
2.1
1.6
4.8
3.0
1.1
20.4
16.2
6.2
4.9
3.0
5.1
1.2
51.6
40.3
7.5
5.0
20.6
12.7
5.8
0.8
2.3
0.3
0.2
0.1
0.2
0.0
2.1
6.3
0.4
0.3
0.7
0.5
0.1
3.3
5.0
1.1
0.9
0.4
0.8
0.2
8.8
12.8
1.4
1.1
3.3
2.1
0.8
14.4
11.3
4.4
3.5
2.2
3.6
0.8
36.5
28.4
5.4
3.6
14.4
9.0
4.1
Risked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
0.23
0.23
0.19
0.15
0.11
0.23
0.19
0.30
0.27
0.29
Unrisked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
(1)
Arithmetic Sum(1)
Probabilistic Sum
Leads
Lead A
Lead B
Lead C
Lead D
Lead E
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Miocene Clastics
Prospects
Bussabong East
Bussabong South
Chuan Chum
Dao
Fueng Fah
Arithmetic Sum(1)
Probabilistic Sum
Zone
Subclassification/
Name
Pg
(Decimal)
SUMMARY OF GROSS (100 PERCENT) UNRISKED AND RISKED PROSPECTIVE RESOURCES

BLOCK G11/48, GULF OF THAILAND
ESTIMATES
of
RESERVES AND FUTURE REVENUE,

CONTINGENT RESOURCES AND CASH FLOW,
AND PROSPECTIVE RESOURCES
to the
KRISENERGY LTD INTEREST

in
CERTAIN OIL AND GAS PROPERTIES

located
OFFSHORE THAILAND, INDONESIA,

CAMBODIA, AND VIETNAM AND
ONSHORE BANGLADESH
as of
DECEMBER 31, 2012
VOLUME 2 OF 2
BASED ON PRICE AND COST PARAMETERS

specified by
KRISENERGY LTD
D-214
This is Volume 2 of a 2-volume report, dated July 1, 2013, setting forth our estimates of reserves and
future revenue, contingent resources and cash flow, and prospective resources to the KrisEnergy Ltd
interest in certain oil and gas properties located offshore Thailand, Indonesia, Cambodia, and Vietnam
and onshore Bangladesh as of December 31, 2012. Please refer to Volume 1 for a discussion of the
economic parameters used in this report.
D-215
KAMBUNA FIELD, GLAGAH-KAMBUNA TAC
OFFSHORE SUMATRA, INDONESIA
12.1
OVERVIEW
Kambuna Field is a mature rich retrograde gas-condensate-producing field located offshore
North Sumatra in the Glagah-Kambuna technical assistance contract (TAC). Figure 12.7.1
shows a location map of the area. Salamander is the TAC operator, and KrisEnergy has a
25 percent ownership in the block. The field is nearing its economic producing limit and is
projected to be handed over to Pertamina, the TAC owner and Indonesian government oil
company, in the first half of 2013.
The Kambuna-1 well, the discovery well for Kambuna Field, was drilled in 1986 by Bow Valley.
The field was developed by Serica Energy (Serica) who sold a portion of its share and
operatorship to Salamander just before production started in August 2009.
Kambuna Field was developed with three wells producing from an unmanned wellhead
platform in 160 ft of water with the full wellstream piped 58 km away to shore facilities for
separation and compression. The gas is sold to the nearest Perusahaan Listrik Negara (PLN)
power plant, and the condensate is stored for monthly offloading by Pertamina via an offshore
loading buoy to transport tanker.
We estimate the gross (100 percent) reserves and the net reserves to the KrisEnergy working
interest in Kambuna Field, as of December 31, 2012, to be:
Gross (100 Percent)
Reserves
Oil
Gas
(MBBL)
(MMCF)
Category
Proved Developed Producing
Proved (1P)
Probable
Proved + Probable (2P)
Possible
Proved + Probable + Possible (3P)
(1)
Working Interest
Reserves(1)
Oil
Gas
(MBBL)
(MMCF)
44.8
555.0
11.2
138.8
44.8
555.0
11.2
138.8
4.3
43.4
1.1
10.8
49.1
598.4
12.3
149.6
4.5
53.6
49.7
648.1
1.1
13.4
12.4
162.0
KrisEnergys working interest is 25 percent in the Glagah-Kambuna TAC.
The oil volumes shown include crude oil and condensate. Oil volumes are expressed in MBBL;
a barrel is equivalent to 42 United States gallons. Gas volumes are expressed in MMCF at
standard temperature and pressure bases.
12.2
DATA SOURCES
utilized in our evaluation in addition to the data listed in the Executive Summary are listed
below:
KrisEnergy DCA and pressure decline curve (P/Z) analysis
Operator quarterly budget for 2013
KrisEnergy historical and forecast for field fuel usage

Page 46
D-216
12.3

Kambuna Field was discovered in 1986 with the drilling of the Kambuna-1 exploration well by
Bow Valley. The well is located offshore Indonesia in the North Sumatra Basin. Serica shot 3-D
seismic data prior to field development; the seismic data clearly identifies the four-way dip
Kambuna structure. The productive interval in Kambuna Field is Miocene Belumai dolomitic
sandstone.

No geologic mapping was performed by NSAI because of the extensive performance data and
short remaining life of the field.
12.4

Kambuna Field has produced 31.1 BCF of gas and 2.34 MMBBL of oil as of December 31,
2012. The average condensate yield over the field life has been 75 barrels per million cubic
foot (BBL/MMCF). The field initially produced 100 BBL/MMCF, before retrograde losses
caused the yield to reach a low of 55 BBL/MMCF in 2012. The field was producing 9 MMCFD
and 720 BOPD at the end of 2012, and this is projected to decline to near 5 MMCFD and
400 BOPD in the first half of 2013 when it will no longer be profitable for the contractor group
to operate, and operations will be turned over to Pertamina.
12.5
ECONOMICS OVERVIEW
Economics have been run for Kambuna Field.
No CAPEX estimates are forecast for Kambuna Field due to the short remaining field life.
OPEX estimates for Kambuna Field are based on budget information provided by KrisEnergy.
These fixed operating costs include petroleum agreement fees and general and administrative,
consulting, fuel, and other miscellaneous fees. Details of the OPEX estimates are shown in
Figure 12.7.2.
Basic fiscal terms and economic parameters used in the KrisEnergy economics model are
shown in the following table:
Fiscal Terms
Contract Type
Operator
First Production
Oil Price Adjustment (%)
Gas Price ($/MMBTU)
Interest
KrisEnergy WI-Current (%)
Local Participation Right (%)
Decision Timing for Back-In
KrisEnergy WI-Post Local
Participation (%)
TAC
Salamander
Producing
3.1
Contracted
First Tranche Petroleum
N/A
Cost Recovery Limit (%)

Contractor Profit Oil (%)
Contractor Profit Gas (%)
65.0000
26.7857
62.5000
Tax on Net Profits (%)
44.0000
25
N/A
N/A
Domestic Market Obligation (%)
N/A
N/A
Domestic Market Obl.% of Price
N/A
Summary projections of estimated reserves and future revenue to the KrisEnergy interest are
shown in Figures 12.7.3 through 12.7.7.
Page 47
D-217
NETHERLAND, SEWELL
& ASSOCIATES, INC.
9800'00"
9900'00"
Malacca Strait
500'00"
East
Seruway PSC
Glagah-1
GlagahKambuna TAC
Kambuna
Sumatra
400'00"
Field, prospect, and lead sizes are not to scale.
East Seruway PSC and

Glagah-Kambuna TAC
Malaysia
Sumatra
Indian Ocean
Legend
East Seruway PSC and

Glagah-Kambuna TAC
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Prospective Resources
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Offshore Sumatra, Indonesia
Location Map
SCALE IN KILOMETERS
0
15
30
60
Figure 12.6.1
D-218
Figure 12.6.2
D-219
4,081
1,180
1,100
80
2,901
256
2,548
97
1,367
855
828
27
512
255
224
33
Total
Subtotal
General and Administration

Jakarta Office Costs
Parent Company Overhead
Subtotal
Projects
Projects
Direct Operating Costs
Other Operating Costs
Category
748
748
733
15
0
0
0
748
748
733
15
0
0
0
2013 Gross Operating Expenses (M$)

1Q
2Q
3Q
4Q
GROSS OPERATING EXPENSE ESTIMATES

KAMBUNA FIELD, OFFSHORE INDONESIA
Figure 12.6.3
D-220
2,389.6 31,982.0
11.2
11.2
OIL
(MBBL)
138.8
138.8
GAS
(MMCF)
120.5
120.5
951.7
951.7
OIL
(M$)
811.4
811.4
GAS
(M$)
0.0
0.0
6,944.0
6,944.0
0.0
0.0
GROSS (100%)
OPERATING
NET
EXPENSE
INVSTMT
(M$)
(M$)
8.3
8.3
OIL
GAS
(MBBL) (MMCF)
GROSS
(100%)
INVSTMT
(M$)
PROVED DEVELOPED PRODUCING RESERVES
WORKING INTEREST
GROSS REVENUE
RESERVES (25%)
NET RESERVES TO NET INTEREST
TOTALS MAY NOT ADD BECAUSE OF ROUNDING.
2,344.8 31,426.9
555.0
555.0
GAS
(MMCF)
ULTIMATE
44.8
44.8
OIL
(MBBL)
CUM PROD
TOTAL
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES
SUMMARY PROJECTION OF RESERVES AND REVENUE

NET
TAXES
(M$)
0.0
0.0
27.1
27.1
NET
REVENUE
(M$)
25.9
25.9
CUM P.W.
10%
(M$)
PRESENT WORTH PROFILE

FOR 08 PCT, PRESENT WORTH M$
26.1
25.3
24.8
24.3
23.8
BASED ON KRISENERGY PRICE AND COST PARAMETERS
1,736.0
1,736.0
NET
OPERATING
EXPENSE
(M$)
KAMBUNA FIELD
OFFSHORE INDONESIA
Figure 12.6.4
D-221
0.5
4.8
ULTIMATE
48.3
4.9
43.4
43.4
GAS
(MMCF)
10.8
10.8
GAS
(MMCF)
0.8
0.8
OIL
(MBBL)
9.4
9.4
GAS
(MMCF)
NET RESERVES
90.8
90.8
OIL
(M$)
63.5
63.5
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
PROBABLE RESERVES
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
0.0
0.0
NET
INVSTMT
(M$)
0.0
0.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
NET
TAXES
(M$)
154.3
154.3
NET
REVENUE
(M$)

148.5
143.9
140.9
138.0
135.3
147.1
147.1
CUM P.W.
10%
(M$)
KAMBUNA FIELD
OFFSHORE INDONESIA
0.0
0.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
1.1
1.1
OIL
(MBBL)
WORKING INTEREST
RESERVES (25%)
4.3
CUM PROD
4.3
OIL
(MBBL)
TOTAL
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

Figure 12.6.5
D-222
2,394.4
32,030.2
31,431.8
598.4
598.4
GAS
(MMCF)
12.3
12.3
OIL
(MBBL)
9.1
9.1
OIL
(MBBL)
130.0
130.0
GAS
(MMCF)
NET RESERVES
1,042.5
1,042.5
OIL
(M$)
874.9
874.9
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
6,944.0
6,944.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
PROVED + PROBABLE (2P) RESERVES
149.6
149.6
GAS
(MMCF)
WORKING INTEREST
RESERVES (25%)
2,345.3
ULTIMATE
49.1
49.1
OIL
(MBBL)
CUM PROD
TOTAL
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

1,736.0
1,736.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
NET
TAXES
(M$)
181.4
181.4
NET
REVENUE
(M$)

174.6
169.2
165.6
162.3
159.1
173.0
173.0
CUM P.W.
10%
(M$)
0.0
0.0
NET
INVSTMT
(M$)
KAMBUNA FIELD
OFFSHORE INDONESIA
Figure 12.6.6
D-223
0.5
5.0
CUM PROD
ULTIMATE
54.9
5.3
49.7
49.7
GAS
(MMCF)
1.1
1.1
OIL
(MBBL)
0.8
0.8
OIL
(MBBL)
10.8
10.8
GAS
(MMCF)
NET RESERVES
95.7
95.7
OIL
(M$)
72.7
72.7
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
POSSIBLE RESERVES
0.0
0.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
12.4
12.4
GAS
(MMCF)
WORKING INTEREST
RESERVES (25%)
4.5
4.5
OIL
(MBBL)
TOTAL
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

0.0
0.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
NET
TAXES
(M$)
168.5
168.5
NET
REVENUE
(M$)
160.6
160.6
CUM P.W.
10%
(M$)

162.1
157.1
153.8
150.7
147.8
0.0
0.0
NET
INVSTMT
(M$)
KAMBUNA FIELD
OFFSHORE INDONESIA
Figure 12.6.7
D-224
2,399.3
ULTIMATE
32,085.2
31,437.1
648.1
648.1
GAS
(MMCF)
13.4
13.4
OIL
(MBBL)
10.0
10.0
OIL
(MBBL)
140.8
140.8
GAS
(MMCF)
NET RESERVES
1,138.2
1,138.2
OIL
(M$)
947.7
947.7
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
6,944.0
6,944.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
PROVED + PROBABLE + POSSIBLE (3P) RESERVES
162.0
162.0
GAS
(MMCF)
WORKING INTEREST
RESERVES (25%)
2,345.7
53.6
53.6
OIL
(MBBL)
CUM PROD
TOTAL
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

1,736.0
1,736.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
NET
TAXES
(M$)
349.9
349.9
NET
REVENUE
(M$)
333.6
333.6
CUM P.W.
10%
(M$)

336.7
326.3
319.4
313.0
306.9
0.0
0.0
NET
INVSTMT
(M$)
KAMBUNA FIELD
OFFSHORE INDONESIA
BULU PSC
OFFSHORE JAVA, INDONESIA
13.1
OVERVIEW
The Bulu Production Sharing Contract (PSC) is in the exploration stage and comprises
697 km2 offshore Java. The PSC is separated into three separate areas; A, B, and C. A
location map of the three areas is shown on Figure 13.7.1. We have estimated contingent
resources for the Lengo discovery (Bulu C) and prospective resources for three prospects
(Bulu A) and three leads (Bulu B). KrisEnergy is the current operator and has a 42.5 percent
ownership in the block.
13.1.1 CONTINGENT GAS RESOURCES

Lengo Field is a gas discovery located offshore Java in the Bulu PSC. Contingent gas resources
subclassified as development pending have been estimated for this discovery. The resources
shown in this report for Lengo Field are contingent upon (1) the drilling and successful result of
an appraisal well scheduled for the second quarter of 2013, (2) submission and approval of a
Plan of Development (POD), and (3) completion of a gas sales agreement. If these issues are
resolved, some portion of these contingent resources may be reclassified as reserves. Economic
analysis was performed to confirm commercial viability and determine economic limits for these
resources, using the price and cost parameters discussed in the letter at the beginning of this
report and in the Economics Overview section of this technical discussion (Section 13.6).
The Lengo-1 well, the discovery well for Lengo Field drilled in 2008 by the previous operator
Mubadala, penetrated a 142 ft gross column of gas in a single limestone carbonate reservoir. An
open hole DST produced 12.9 MMCFD from this zone. The gas contains 32 percent inert gases
consisting of 20 percent nitrogen (N2) and 12 percent CO2 and contains no liquids. Plans are to
sell full wellstream gas volumes; therefore, we have included inert gas volumes in our estimates
of resources. Gas prices are adjusted for energy content using a BTU factor of 0.702 MMBTU/
MCF to account for the impurities. The field areal extent is defined by good quality 3-D seismic.
The Lengo development concept involves a simple wellhead platform with five wells producing
gas through a 40-mile pipeline to shore, where the raw gas will be sold, without separation of
the inert gas, to either an existing power plant or a new independent power producer. Minimal
gas processing facilities and future compression would be located at the onshore receiving
terminal, similar to the concept in use at the producing Kambuna gas-condensate field.
resources to the KrisEnergy working interest in the Bulu PSC, as of December 31, 2012, to be:
Gross (100 Percent)
Working Interest(1)
1C
2C
3C
1C
2C
3C
180.5
227.0
283.0
76.7
96.5
120.3
Note: Contingent gas resources shown are full wellstream gas

volumes.
(1)
KrisEnergys current working interest is 42.5 percent in the

Bulu PSC. It is anticipated that local participation will reduce
this working interest to 38.25 percent. Working interest
resources are estimated based on the current working
interest.
Page 48
D-225
13.1.2 PROSPECTIVE OIL RESOURCES

Prospective oil resources have been estimated for three prospects and three leads in the Bulu
PSC. A geologic risk assessment was performed for these prospects and leads, as discussed
in the Executive Summary. We did not perform an economic analysis on these resources; as
such, the economic status of these resources is undetermined.
We estimate the gross (100 percent) and net unrisked and risked prospective oil resources to
the KrisEnergy working interest in the Bulu PSC, as of December 31, 2012, to be:
Subclassification/
Category
Prospective Oil Resources (MMBBL)

Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Prospects
Low Estimate
Best Estimate
High Estimate
3.5
6.1
10.9
0.8
1.5
2.6
1.5
2.6
4.6
0.4
0.6
1.1
Leads
Low Estimate
Best Estimate
High Estimate
4.8
7.6
12.2
0.7
1.1
1.7
2.0
3.2
5.2
0.3
0.5
0.7
(1)
KrisEnergys current working interest is 42.5 percent in the Bulu PSC.

It is anticipated that local participation will reduce this working interest
to 38.25 percent. Working interest resources are estimated based on
the current working interest.
The oil resources shown include crude oil only. Oil volumes are expressed in MMBBL; a barrel
is equivalent to 42 United States gallons. The prospective resources shown for the Bulu PSC
have been estimated using probabilistic methods and are dependent on a petroleum discovery
being made.
13.2
DATA SOURCES
below:
13.3
KrisEnergys interpreted SMT project, including maps and 3-D seismic data
Several in-house studies of Lengo Field
KrisEnergys recent study of the Lengo-1 petrophysical, seismic time-to-depth

interpretation, and volumetric calculation

Lengo Field was discovered in 2008 with the drilling of the Lengo-1 exploration well. The well is
located offshore Java, Indonesia, in the East Java Basin. The structure was originally identified
and mapped based on 2-D seismic lines. In 2008, a high-quality 3-D seismic program covering
Page 49
D-226
Lengo Field was delivered and used in editing the original 2-D-derived structural interpretation.
The overall Lengo Field consists of a very flat and broad four-way dip structure covering
13,000 acres at a shallow depth, with a single gas reservoir having a GWC of 2,560 ft TVDSS.
The productive interval in Lengo Field is the Lower Miocene Kujung I Formation carbonate
limestone.

For contingent resources, the best estimate gas-bearing GRV for the reservoir evaluated in
Lengo Field is based on the GRV above the GWC structural depth as logged in the Lengo-1. In
2012, KrisEnergy provided a recently completed detailed geological and geophysical study that
divides the Kujung I into an upper, poor quality carbonate section, and a high quality lower
section. In addition, KrisEnergy used a slightly different time-to-depth conversion than NSAI.
We used KrisEnergys time-to-depth conversion to build our structural interpretation. For our
volumetric cases, we have adopted KrisEnergys formation division into an Upper and Lower
Kujung I and mapped a most likely case for the Upper and Lower Kujung. A 15 percent
increase above the most likely volumes was used as the high estimate. A reservoir limit to the
northeast was required since a structural closure could not be mapped in that portion of the
field. The reservoir limit was drawn at a structural syncline that generally separates Lengo
Field from the regional structural dip. A well to the northeast will be required to establish
whether the reservoir limit in this area of the field is a result of reservoir degradation of the
Kujung I or the syncline structural depth needs to be refined because of a seismic time-todepth conversion issue. A summary of the basis for the GRV calculations is provided in Figure
13.7.2. We have represented the productive Upper and Lower Kujung I in the depth structure
maps shown in Figures 13.7.3 and 13.7.4.
For prospective resources, the high estimate GRV is based on the volume above the
maximum closing contour as defined by a fault tip-out or a spill point. The low estimate GRV is
the volume associated with half the structural closure.
13.4
Parameter assumptions include an m value ranging from 1.5 to 2.0, an n value ranging from
1.9 to 2.0, and Rw values ranging from 0.18 ohm-m at 75F to 0.13 ohm-m at 120F. A range
of water saturation values were estimated using the standard Indonesian equation and the
Archie equation. Net pay was calculated using a porosity cutoff of 10 percent, a water
saturation cutoff of 65 percent, and a shale volume cutoff of 40 percent. The log for Lengo-1,
with interpreted net pay, is shown in Figure 13.7.5. The calculated net pay, porosity, and water
13.5

A single openhole well test after acid was conducted in the Lengo-1, as summarized in the
following table:
Test
1
Openhole
Interval (ft MD)
Top Bottom
2,480
2,640
Duration
(hr)
Choke
(in)
Gas Rate
(MMCFD)
Oil Rate
(BOPD)
FWHP
(psig)
CO2
(%)
N2
(%)
SGg
(Decimal)
13
128/64
12.9
650
12
20
0.77
Note: Test data shown are the final result. Zone produced 50 to 100 BWPD of fresh condensed
water containing 3,000 parts per million chlorides.
Page 50
D-227
Pressures recorded from the DST and MDT wireline samples indicate that the GWC is located
at 2,560 ft TVDSS.

13.5.1.1 Contingent Gas Resources
A probabilistic spreadsheet model was constructed to calculate the 1C, 2C, and 3C estimated
OGIP and contingent resources for Lengo Field. We determined the type of distribution and
input parameters for the various volumetric parameters by individual reservoir. GRV input
parameters were defined by a normal distribution with mean and P05 input values based on
the best and high estimate cases discussed earlier.
in Figure 13.7.8.
13.5.1.2 Prospective Oil Resources

A second probabilistic spreadsheet model was constructed to calculate low, best, and high
estimate OOIP and prospective resources for three prospects and three leads in the Bulu PSC.
We determined the type of distribution and input parameters for the various volumetric
parameters by individual prospect or lead. GRV input parameters were defined by a lognormal
distribution, with input values of P95 and P05 based on the low and high estimate cases
discussed earlier. Probability ranges for all other volumetric parameters were estimated based
on analogous fields in the region and are similar to those used for the contingent resources
evaluation.
risked OOIP and gross (100 percent) prospective resources calculated in the probabilistic
13.6
ECONOMICS OVERVIEW
Economics have been run for the Lengo Field development.
CAPEX estimates are based on budget information presented by KrisEnergy. From this
information, future platform, facilities, and pipeline costs are estimated to be $70.00 million.
Drilling and completion costs, along with other nondevelopment costs, are estimated to be
$71.75 million. Additional CAPEX of $15.00 million are included for the abandonment of the
platform and wells at the field economic limit. Details of our CAPEX estimates are shown in
Figure 13.7.11.
OPEX estimates for the Lengo Field development are based on budget information provided
by KrisEnergy. Upon first gas in the fourth quarter of 2016, primary OPEX will include fixed
operating costs estimated at $20 million annually. An additional $10 million is forecast for
compression starting in 2019. These fixed operating costs include petroleum agreement fees
and general and administrative, consulting, fuel, and other miscellaneous fees. Details of the
OPEX estimates are shown in Figure 13.7.12.
Page 51
D-228
Fiscal Terms
Contract Type
Operator
First Production
Gas Price ($/MMBTU)
Interest
KrisEnergy WI-Post Local Participation (%)
Carried Interest (Party)
Carried Interest (%)
Carry Expiration
KrisEnergy WI During Carry Period (%)
PSC
KrisEnergy
October 1, 2016
N/A
6.500
42.5000
10.0000
POD Approval
38.2500
Satria
15.0000
1st Production
50.0000
10.0000

100.0000
35.7143
62.5000
44.0000

Domestic Market Obl.% of Price
25.0000
25.0000
Summary projections of estimated contingent oil resources and cash flow to the KrisEnergy
interest are shown in Figures 13.7.13 through 13.7.15.
Page 52
D-229
NETHERLAND, SEWELL
& ASSOCIATES, INC .
11200'00"
500'00"
11230'00"
11300'00"
East Muriah PSC
530'00"
600'00"
Bulu Area C
East Lengo
Bulu Area B
Lengo
630'00"
Bulu Area A
Java
Kalimantan
Java Sea
Bulu and
East Muriah PSCs
Java
Legend
Bulu and East Muriah PSCs
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Offshore Java, Indonesia
Location Map
SCALE IN KILOMETERS
0
20
40
80
Figure 13.7.1
D-230
Figure 13.7.2
D-231
12.9
12.9
Test(1)
(MMCFD)
GWC @ -2,560 ft (Lengo-1)
GWC @ -2,560 ft (Lengo-1)
Best Estimate Case
Test rate is for the combined Kujung I Upper and Lower zones.
1C
1C
Resources
Category
(1)
Kujung I Upper
Kujung I Lower
Zone
GWC @ -2,560 ft (Lengo-1) +15%

GWC @ -2,560 ft (Lengo-1) +15%
High Estimate Case

LENGO FIELD, BULU BLOCK, OFFSHORE INDONESIA
Normal
Normal
Distribution
Type
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Lengo Field
Depth Structure
Top Upper Kujung I Zone
SCALE IN METERS
Map Projection: Universal Transverse Mercator Zone 49S
1,250
2,500
3,750
5,000
Figure 13.7.3
D-232
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Lengo Field
Depth Structure
Top Lower Kujung I Zone
SCALE IN METERS
1,250
2,500
3,750
5,000
Figure 13.7.4
D-233
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Lengo-1 Interpreted Well Log

Lengo Field, Offshore Indonesia
Kujung I Upper
Kujung I Lower
GWC
Figure 13.7.5
D-234
Figure 13.7.6
D-235
2,510
2,601
2,601
2,652
2,419
2,510
2,510
2,561
91
51
36
11
26
0.27
0.34
0.46
0.46
0.12
0.50
54
22
32
Total
Lengo-1
Kujung I Upper
Kujung I Lower
Well/Zone
0.24
0.33
0.48
0.47
0.24
0.62
102
53
50
0.21
0.30
0.46
0.43
0.58
0.97
Best Estimate Case

High Estimate Case
Low Estimate Case
Gross
Water
Water
Water
Top
Base
Top
Base
Interval Net Pay Porosity Saturation
NTG
Net Pay Porosity Saturation
NTG
Net Pay Porosity Saturation
NTG
(ft MD) (ft MD) (ft TVDSS) (ft TVDSS) (ft TVT) (ft TVT) (Decimal) (Decimal) (Decimal) (ft TVT) (Decimal) (Decimal) (Decimal) (ft TVT) (Decimal) (Decimal) (Decimal)
LENGO FIELD, OFFSHORE INDONESIA
Figure 13.7.7
D-236
1C
1C
Resources
Category
1C
1C
Kujung I Upper
Kujung I Lower
Zone
Kujung I Upper
Kujung I Lower
0.50
0.50
Min
P95
0.52
0.53
P05
0.60
0.60
Max
1,298,769
614,899
Gas Saturation
(Decimal)
Most
Likely
1,129,364
534,695
Mean
0.24
0.62
0.50
0.95
71
71
73
73
75
75

(SCF/ft3)
Most
Min
Likely
Max
0.15
0.50
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Resources
Category
Zone
Gross Rock Volume

(Ac-ft)

0.24
0.33
0.27
0.34
Max
0.55
0.55
0.65
0.65
0.80
0.80
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.21
0.30
Min
Porosity
(Decimal)
Most
Likely
Figure 13.7.8
D-237
251.6
277.9
Arithmetic Sum(2)
Probabilistic Sum
338.5
341.7
135.9
202.6
449.7
417.3
194.0
255.7
161.2
180.5
59.1
102.1
306.8
283.2
131.9
174.9
64
65
65
63
66
66
66
66
68
68
68
68
Recovery Factor(1)
(Percent)
1C
2C
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Gas Resources by unrounded Original GasIn-Place. See Volumetric Input Parameters for recovery factor input distributions.
Arithmetic sums do not include the portfolio effect that might result from statistical aggregation and may not add because of
rounding.
(2)
(1)
223.1
227.0
89.4
133.7
Gross (100 Percent)

1C
2C
3C
Note: Contingent gas resources shown are full wellstream gas volumes.
90.7
160.9
Kujung I Upper
Kujung I Lower
Zone
Original Gas-In-Place (BCF)

1C
2C
3C

Figure 13.7.9
D-238
Kujung I
Kujung I
Kujung I
Leads
BO-14
BO-52
BO-53
P50
54,430
51,539
39,739
72,843
15,612
40,489
P05
0.40
0.40
0.40
0.40
0.40
0.40
0.60
0.60
0.60
0.60
0.60
0.60
0.73
0.73
0.73
0.73
0.73
0.73
(Decimal)
Most
Min
Likely
Max
5,549
13,161
9,166
6,596
8,155
6,640
P95
0.56
0.56
0.56
0.56
0.56
0.56
0.69
0.69
0.69
0.69
0.69
0.69
1.20
1.20
1.20
1.20
1.20
1.20
1.30
1.30
1.30
1.30
1.30
1.30
1.40
1.40
1.40
1.40
1.40
1.40

(RB/STB)
Most
Min
Likely
Max
0.33
0.33
0.33
0.33
0.33
0.33
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Kujung I
Kujung I
Kujung I
Prospects
BO-34
BO-35
Potro
Zone
Kujung I
Kujung I
Kujung I
Leads
BO-14
BO-52
BO-53
Subclassification/
Name
Kujung I
Kujung I
Kujung I
Zone
Prospects
BO-34
BO-35
Potro
Subclassification/
Name
Gross Rock Volume

(Acre-Feet)
0.27
0.27
0.27
0.27
0.27
0.27
Porosity
(Decimal)
Most
Likely
0.28
0.28
0.28
0.28
0.28
0.28
Max
0.15
0.15
0.15
0.15
0.15
0.15
0.20
0.20
0.20
0.20
0.20
0.20
0.35
0.35
0.35
0.35
0.35
0.35
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.25
0.25
0.25
0.25
0.25
0.25
Min

BULU PSC, OFFSHORE INDONESIA
Figure 13.7.10
D-239
0.14
0.14
0.14
0.22
0.22
0.28
Pg
(Decimal)
14.5
21.3
3.3
6.6
4.6
10.8
15.6
3.7
3.6
3.6
29.8
32.8
8.6
12.2
9.0
23.3
25.7
10.2
5.4
7.8
59.7
49.5
21.2
21.8
16.7
52.7
44.7
27.6
7.9
17.2
3.0
4.8
0.7
1.4
1.0
2.3
3.5
0.8
0.7
0.7
6.9
7.6
2.0
2.8
2.1
5.4
6.1
2.4
1.2
1.8
14.7
12.2
5.0
5.4
4.3
12.9
10.9
6.6
2.0
4.3
2.1
3.0
0.5
0.9
0.7
2.6
3.7
0.8
0.8
1.0
4.2
4.7
1.2
1.7
1.3
5.6
6.2
2.3
1.2
2.2
8.5
7.1
3.0
3.1
2.4
12.7
10.8
6.1
1.7
4.8
0.4
0.7
0.1
0.2
0.1
0.5
0.8
0.2
0.2
0.2
1.0
1.1
0.3
0.4
0.3
1.3
1.5
0.5
0.3
0.5
2.1
1.7
0.7
0.8
0.6
3.1
2.6
1.5
0.5
1.2
Risked Oil (MMBBL)

Original In-Place
Gross Recoverable
Low
Best High
Low
Best High
Kujung I
Kujung I
Kujung I
Kujung I
Kujung I
Kujung I
Zone
(1)
Arithmetic Sum(1)
Probabilistic Sum
Leads
BO-14
BO-52
BO-53
Arithmetic Sum(1)
Probabilistic Sum
Prospects
BO-34
BO-35
Potro
Subclassification/
Name
Unrisked Oil (MMBBL)

Original In-Place
Gross Recoverable
Low
Best High
Low
Best High

BULU PSC, OFFSHORE INDONESIA
Figure 13.7.11
D-240
19.00
2.00
17.00
2013
5.00
5.00
10.00
Drilling costs are for 1 appraisal well and 5 development producing wells.
Abandonment costs are based on Jasmine Field abandonment costs.
1.10
1.1
Previous
34.20
5.00
16.70
12.50
(2)
(1)
Total
Abandonment(2)
G&A, other pre-development costs
Drilling(1)
Pipeline
Platform and Facilities
Category
77.05
11.25
30.00
23.30
12.50
16.50
15.00
1.50
Gross Capital Expenditures (MM$)

2014
2015
2016
Thereafter
GROSS ANNUAL CAPITAL EXPENDITURE ESTIMATES

157.85
15.00
25.85
47.00
40.00
30.00
Total
Figure 13.7.12
D-241
20.0
5.0
20.0
20.0
20.0
20.0
2019
30.0
0.0
5.0
Gross Fixed Field Expenses (MM$)

2015
2016
2017
2018
Total
0.0
2014
10.0
0.0
2013
Compression
Platform Fixed OPEX
Category
GROSS ANNUAL OPERATING EXPENSE ESTIMATES

30.0
10.0
20.0
Thereafter
Figure 13.7.13
D-242
0.0
0.0 180,500.0
0.0
0.0
0.0 180,500.0
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
0.0
0.0
0.0
1,382.4
16,591.2
18,000.0
18,000.0
18,000.0
18,000.0
18,000.0
18,000.0
18,000.0
16,740.7
11,998.6
7,787.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
76,712.5
0.0
0.0
0.0
587.5
7,051.3
7,650.0
7,650.0
7,650.0
7,650.0
7,650.0
7,650.0
7,650.0
7,114.8
5,099.4
3,309.5
GAS
(MMCF)
WORKING INTEREST
RESOURCES (42.5%)(1)
0.0
0.0
0.0
475.9
5,711.5
6,196.5
6,196.5
6,196.5
5,550.9
4,730.0
4,705.1
4,680.8
4,387.0
3,343.9
2,364.6
GAS
(MMCF)
0.0
0.0
0.0
2,171.5
26,273.6
29,341.0
30,221.6
31,128.1
28,721.4
25,208.3
25,827.5
26,465.4
25,527.4
20,038.5
14,568.4
GAS
(M$)
19,000.0
10,000.0
34,200.0
77,050.0
1,500.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15,000.0
GROSS
(100%)
INVSTMT
(M$)
0.0 285,492.6 156,750.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(M$)
GROSS REVENUE
TO NET INTEREST
312,500.0
0.0
0.0
0.0
5,000.0
20,000.0
20,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
27,500.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
KRISENERGYS WORKING INTEREST IS 42.5 PERCENT IN THE BULU BLOCK. IT IS ANTICIPATED THAT LOCAL
PARTICIPATION WILL REDUCE THIS WORKING INTEREST TO 38.25 PERCENT. WORKING INTEREST RESOURCES
ARE ESTIMATED BASED ON THE CURRENT WORKING INTEREST AND CONTINGENT CASH FLOW IS ESTIMATED
BASED ON THE REDUCED WORKING INTEREST.
NET TAXES INCLUDE COST REIMBURSEMENTS ASSOCIATED WITH LOCAL PARTICIPATION AND INCOME TAXES.
0.0 54,539.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
NET RESOURCES
LOW ESTIMATE (1C) CONTINGENT RESOURCES
(2)
(1)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
TOTAL
CUM PROD
ULTIMATE
PERIOD
ENDING
GROSS RESOURCES
SUMMARY PROJECTION OF RESOURCES AND CASH FLOW

119,531.3
0.0
0.0
0.0
1,912.5
7,650.0
7,650.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
10,518.8
NET
OPERATING
EXPENSE
(M$)
35,038.9
2,083.4
(3,893.2)
2,005.8
12,011.4
(1,987.2)
(4,100.1)
(3,446.3)
(562.9)
2,679.2
5,960.8
6,233.2
6,513.9
6,101.2
3,686.1
1,753.5
NET
TAXES(2)
(M$)
70,965.6
(9,350.9)
68.2
(15,087.3)
(41,224.0)
20,037.0
25,791.2
22,192.9
20,216.0
14,567.2
7,772.4
8,119.3
8,476.4
7,951.2
4,877.4
(3,441.4)
NET
CASH FLOW
(M$)
18,215.4
(8,915.7)
(8,856.6)
(20,745.2)
(50,276.0)
(37,227.4)
(21,958.3)
(10,014.0)
(122.8)
6,356.6
9,499.5
12,484.2
15,316.8
17,732.4
19,079.5
18,215.4
CUM
CASH FLOW
DISC AT 10%
(M$)
DISCOUNTED CASH FLOW PROFILE

25,064.9
5,838.6
(1,916.9)
(6,791.3)
(9,834.1)
59,956.9
7,267.5
3,825.0
13,081.5
29,471.6
573.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5,737.5
NET
INVSTMT
(M$)
LENGO FIELD
BULU BLOCK
OFFSHORE INDONESIA
Figure 13.7.14
D-243
0.0
0.0
0.0
1,486.8
21,190.9
23,220.0
23,220.0
23,220.0
23,220.0
23,220.0
23,220.0
23,129.2
18,544.7
13,017.2
9,137.2
1,174.1
227,000.0
0.0
227,000.0
0.0
0.0
0.0
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
96,475.0
0.0
0.0
0.0
631.9
9,006.1
9,868.5
9,868.5
9,868.5
9,868.5
9,868.5
9,868.5
9,829.9
7,881.5
5,532.3
3,883.3
499.0
GAS
(MMCF)
WORKING INTEREST
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
64,846.4
0.0
0.0
0.0
511.8
7,295.0
7,993.5
7,993.5
6,279.3
5,876.2
5,850.6
5,825.7
5,782.0
4,772.9
3,560.8
2,703.8
401.4
GAS
(MMCF)
NET RESOURCES
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(M$)
338,859.4
0.0
0.0
0.0
2,335.4
33,560.5
37,850.0
38,985.8
31,543.8
30,404.6
31,180.0
31,978.8
32,688.7
27,768.6
21,338.3
16,689.2
2,535.6
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
156,750.0
19,000.0
10,000.0
34,200.0
77,050.0
1,500.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15,000.0
GROSS
(100%)
INVSTMT
(M$)
(1)
59,956.9
7,267.5
3,825.0
13,081.5
29,471.6
573.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5,737.5
NET
INVSTMT
(M$)
122,400.0
0.0
0.0
0.0
1,912.5
7,650.0
7,650.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
1,912.5
NET
OPERATING
EXPENSE
(M$)
57,290.1
2,083.4
(3,893.2)
2,005.8
11,979.3
(3,416.0)
(5,768.6)
(1,109.3)
6,544.6
8,263.3
8,604.5
8,956.0
9,268.4
7,103.5
4,274.2
2,228.6
165.7
NET
TAXES(2)
(M$)
99,212.4
(9,350.9)
68.2
(15,087.3)
(41,028.0)
28,752.7
35,968.5
28,620.2
13,524.3
10,666.3
11,100.5
11,547.8
11,945.3
9,190.1
5,589.1
2,985.6
(5,280.1)
NET
CASH FLOW
(M$)
33,253.7
(8,915.7)
(8,856.6)
(20,745.2)
(50,135.6)
(31,411.0)
(10,116.8)
5,286.7
11,903.9
16,648.2
21,136.8
25,381.8
29,373.7
32,165.7
33,709.3
34,458.9
33,253.7
CUM
CASH FLOW
DISC AT 10%
(M$)
LENGO FIELD
BULU BLOCK
OFFSHORE INDONESIA

41,947.2
17,313.7
7,041.4
333.9
(4,079.1)
320,000.0
0.0
0.0
0.0
5,000.0
20,000.0
20,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
5,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
BEST ESTIMATE (2C) CONTINGENT RESOURCES

PARTICIPATION WILL REDUCE THIS WORKING INTEREST TO 38.25 PERCENT. WORKING INTEREST
RESOURCES ARE ESTIMATED BASED ON THE CURRENT WORKING INTEREST AND CONTINGENT CASH FLOW
IS ESTIMATED BASED ON THE REDUCED WORKING INTEREST.
(2)
NET TAXES INCLUDE COST REIMBURSEMENTS ASSOCIATED WITH LOCAL PARTICIPATION AND INCOME
TAXES.
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
TOTAL
CUM PROD
ULTIMATE
PERIOD
ENDING
GROSS RESOURCES

Figure 13.7.15
D-244
0.0
0.0
0.0
1,601.8
27,123.9
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
27,906.1
20,018.0
14,016.6
9,814.4
2,567.5
283,048.2
0.0
283,048.2
0.0
0.0
0.0
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
120,295.5
0.0
0.0
0.0
680.7
11,527.6
12,750.0
12,750.0
12,750.0
12,750.0
12,750.0
12,750.0
11,860.1
8,507.7
5,957.0
4,171.1
1,091.2
GAS
(MMCF)
WORKING INTEREST
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
77,090.9
0.0
0.0
0.0
551.4
9,337.4
9,918.5
8,650.9
7,361.4
7,335.0
7,309.3
7,284.4
6,810.4
5,089.9
3,775.8
2,849.5
817.1
GAS
(MMCF)
NET RESOURCES
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(M$)
401,970.8
0.0
0.0
0.0
2,516.1
42,960.4
46,965.1
42,192.0
36,979.8
37,952.5
38,954.3
39,986.4
38,475.3
29,612.8
22,626.9
17,588.3
5,160.8
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
156,750.0
19,000.0
10,000.0
34,200.0
77,050.0
1,500.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15,000.0
GROSS
(100%)
INVSTMT
(M$)
325,000.0
0.0
0.0
0.0
5,000.0
20,000.0
20,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
30,000.0
10,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
HIGH ESTIMATE (3C) CONTINGENT RESOURCES

(1)
PARTICIPATION WILL REDUCE THIS WORKING INTEREST TO 38.25 PERCENT. WORKING INTEREST RESOURCES
ARE ESTIMATED BASED ON THE CURRENT WORKING INTEREST AND CONTINGENT CASH FLOW IS ESTIMATED
BASED ON THE REDUCED WORKING INTEREST.
(2)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
TOTAL
CUM PROD
ULTIMATE
PERIOD
ENDING
GROSS RESOURCES

124,312.5
0.0
0.0
0.0
1,912.5
7,650.0
7,650.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
11,475.0
3,825.0
NET
OPERATING
EXPENSE
(M$)
84,239.1
2,083.4
(3,893.2)
2,005.8
11,943.9
(5,259.1)
(3,808.7)
6,226.1
11,156.5
11,584.4
12,025.2
12,479.3
11,814.5
7,915.0
4,841.1
2,624.2
500.7
NET
TAXES(2)
(M$)
133,462.4
(9,350.9)
68.2
(15,087.3)
(40,811.9)
39,995.8
43,123.8
24,490.9
14,348.4
14,893.1
15,454.1
16,032.1
15,185.8
10,222.9
6,310.7
3,489.1
(4,902.3)
NET
CASH
FLOW
(M$)
50,244.8
(8,915.7)
(8,856.6)
(20,745.2)
(49,980.8)
(23,934.4)
1,595.9
14,777.0
21,797.4
28,421.8
34,670.8
40,564.2
45,639.1
48,744.8
50,487.7
51,363.7
50,244.8
CUM
CASH FLOW
DISC AT 10%
(M$)

61,267.6
29,906.7
16,630.1
7,802.6
1,850.6
59,956.9
7,267.5
3,825.0
13,081.5
29,471.6
573.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5,737.5
NET
INVSTMT
(M$)
LENGO FIELD
BULU BLOCK
OFFSHORE INDONESIA
EAST MURIAH PSC
OFFSHORE INDONESIA
14.1
OVERVIEW
The East Muriah Block is located in the East Java Sea, offshore Indonesia. Figure 13.7.1
shows a regional map of the area. On November 13, 2008, the East Muriah PSC was signed
between Pearl Oil (East Muriah) Ltd. (referred to herein as Pearl-EM) and AWE (East Muriah)
NZ Ltd, giving Pearl-EM a 50 percent interest and operatorship. KrisEnergy has purchased the
Pearl-EM interest and is now the operator in the block.

Contingent gas resources subclassified as development pending have been estimated for East
Lengo Field. The contingent resources shown in this report for East Lengo Field are contingent
upon (1) submission and approval of a POD and (2) completion of a gas sales agreement. If
these issues are resolved, some portion of these contingent resources may be reclassified as
reserves. Economic analysis was performed to confirm commercial viability and determine
economic limits for these resources, using the price and cost parameters discussed in the
letter at the beginning of this report and in the Economics Overview section of this technical
discussion (Section 14.6).
The East Lengo-1 well, the discovery well for East Lengo Field, was drilled in 2010 by the
previous operator, Pearl-EM, and penetrated a column of gas with gross thickness of 65 to
139 ft in the same single Late Oligocene to Early Miocene age limestone carbonate reservoir
that is productive 15 km away at Lengo Field. No well tests were conducted, but the well was
drilled underbalanced with special surface equipment that allowed the well to be produced
while drilling. Although no flow rate was measured, the well produced gas with a continuous
large flare for three days while drilling operations were conducted with the wellbore open to the
reservoir. Because of the gas flare, we initially estimated 1C, 2C, and 3C contingent resources
for the Kujung I Formation. However, since the 1C contingent resources are uneconomic using
the price and cost parameters discussed in the letter at the beginning of this report and in the
Economics Overview section of this technical discussion, we are only reporting 2C and 3C
contingent resources after running economics.
The East Lengo development concept involves redrilling the East Lengo well using a simple
wellhead support structure and producing through a pipeline tied back to the Lengo platform
15 km away.
East Lengo Field gas is expected to be similar in quality to Lengo Field gas, which contains
12 percent CO2 and 20 percent N2. Plans are to sell full wellstream gas volumes; therefore, we
have included inert gas volumes in our estimates of resources. Gas prices are adjusted for
energy content using a BTU factor of 0.702 MMBTU/MCF to account for the impurities.
Page 53
D-245
We estimate the gross (100 percent) contingent gas resources and net contingent gas
resources to the KrisEnergy working interest in East Muriah Block, as of December 31, 2012,
to be:
Gross (100 Percent)
1C
0.0(2)
2C
19.6
Working Interest(1)
3C
48.9
1C
0.0(2)
2C
3C
9.8
24.4
(1)
(2)
KrisEnergys current working interest is 50 percent in the East Muriah

Block. It is anticipated that local participation will reduce this working
interest to 45 percent. Working interest resources are estimated based
on the current working interest.
1C volumetric contingent gas resources are uneconomic using the
price and cost parameters discussed in the letter at the beginning of
this report and in the Economics Overview section of this technical
discussion.
14.1.2 PROSPECTIVE GAS RESOURCES

Prospective gas resources have been estimated for three leads in East Muriah Block. A
geologic risk assessment was performed for these leads, as discussed in the Executive
Summary. We did not perform an economic analysis on these resources; as such, the
economic status of these resources is undetermined.
We estimate the gross (100 percent) and net unrisked and risked prospective gas resources to
the KrisEnergy working interest in the East Muriah Block, as of December 31, 2012, to be:
Subclassification/
Category
Leads
Low Estimate
Best Estimate
High Estimate
(1)
Gross (100 Percent)

Unrisked
49.2
115.9
350.6
Risked
11.7
28.5
90.6
Working Interest(1)
Unrisked
24.6
58.0
175.3
Risked
5.8
14.2
45.3
KrisEnergys current working interest is 50 percent in the East Muriah

Block. It is anticipated that local participation will reduce this working
interest to 45 percent. Working interest resources are estimated based
on the current working interest.
Plans are to sell full wellstream gas volumes; therefore, we have included inert gas volumes in
our estimates. The prospective resources shown for the East Muriah Block have been
estimated using probabilistic methods and are dependent on a petroleum discovery being
made.
14.2
DATA SOURCES
below:
KrisEnergys interpreted SMT project, including maps and 2-D seismic data
Page 54
D-246
14.3
Photo and a description of the gas flare
Several in-house studies of East Lengo Field

East Lengo Field was discovered in 2010 with the drilling of the East Lengo-1 vertical
exploration well in the East Java Sea. The well reached a depth of 2,861 ft measured depth
(MD). The East Lengo structure is located approximately 160 km north-northwest of the East
Java Region city of Surabaya and 25 km southeast of the Kepodang gas field. The structure
was identified and mapped based on closely spaced good-quality 2-D seismic data. The field is
a simple four-way fault-independent closure.
The productive interval in East Lengo Field is a Late Oligocene-Early Miocene age Kujung
carbonate build-up.

For contingent resources, the structural interpretation for East Lengo Field was based only on
2-D seismic lines. The low estimate GRV for the gas-bearing Kujung I Formation is based on
what appears to be a GWC as logged in the East Lengo-1 well. However, our independent
petrophysical model of the East Lengo-1 calculates additional pay below this interpreted GWC,
coinciding with the structural spill point of the field. We used this deeper depth as the basis for
calculating the high estimate GRV. A summary of the basis for the GRV calculations is
provided in Figure 14.7.1. The depth structure map for the Kujung I zone is shown in
Figure 14.7.2.
14.4
Parameter assumptions include an m value ranging from 1.5 to 2.0, an n value ranging from
1.9 to 2.0, and an Rw ranging from 0.18 ohm-m at 75F to 0.13 ohm-m at 120F. A range of
water saturation values were estimated using the standard Indonesian equation and the Archie
equation. Net pay was calculated using a porosity cutoff of 10 percent, a water saturation
cutoff of 65 percent, and a shale volume cutoff of 40 percent. The log for East Lengo-1, with
interpreted net pay, is shown in Figure 14.7.3. The calculated net pay, porosity, and water
14.5

Limited evaluation of the East Lengo-1 well was conducted. No flow tests were performed and
no MDT pressure data were taken because of the damage resulting from the underbalanced
drilling of the well. It is assumed that hydrocarbons in the East Lengo development will contain
the same fluids as Lengo Field, which is 15 km away.
Page 55
D-247

A probabilistic spreadsheet model was constructed to calculate the 1C, 2C, and 3C estimated
OGIP and contingent resources for East Lengo Field. We determined the type of distribution
and input parameters for the various volumetric parameters by individual reservoir. GRV input
parameters were defined by a lognormal distribution with P95 and P05 input values based on
the low and high estimate cases discussed earlier.
in Figure 14.7.6.
14.5.1.2 Prospective Gas Resources

estimate OGIP and prospective resources for three leads in the East Muriah Block. We
determined the type of distribution and input parameters for the various volumetric parameters
by individual lead. GRV input parameters were defined by a lognormal distribution, with input
values of P95 and P05 based on the low and high estimate cases discussed earlier. Probability
ranges for all other volumetric parameters were estimated based on analogous fields in the
region and are similar to those used for the contingent resources evaluation.
14.6
ECONOMICS OVERVIEW
Economics have been run for the East Lengo Field development.
information, future wellhead platform and pipeline costs are estimated to be $20.00 million.
Figure 14.7.9.
OPEX estimates for the East Lengo Field development are based on budget information
provided by KrisEnergy. Upon first gas in the fourth quarter of 2016, primary OPEX will include
fixed operating costs estimated at $3 million annually. These fixed operating costs include
petroleum agreement fees and general and administrative, consulting, fuel, and other
miscellaneous fees. Details of the OPEX estimates are shown in Figure 14.7.10.
Page 56
D-248
Fiscal Terms
Contract Type
Operator
First Production
Gas Price ($/MMBTU)
Interest
PSC
KrisEnergy
October 1, 2016
N/A
6.500
50.0000
10.0000
POD Approval
45.0000
20.0000

100.0000
35.7143
53.5714
44.0000

Domestic Market Obl. % of Price
25.0000
25.0000
Summary projections of estimated contingent gas resources and cash flow to the KrisEnergy
interest are shown in Figures 14.7.11 and 14.7.12.
Page 57
D-249
Figure 14.7.1
D-250
Main
Kujung I
1C
Resources
Category
Potential GWC @ -2,255 ft (East Lengo-1)
Low Estimate Case
High Estimate Case

Fault
Block
Zone

EAST LENGO FIELD, EAST MURIAH BLOCK, OFFSHORE INDONESIA
Lognormal
Distribution
Type
NETHERLAND, SEWELL
& ASSOCIATES, INC.
East Lengo Field

Depth Structure
Top Kujung I Zone
SCALE IN METERS
625
1,250
1,875
2,500
Figure 14.7.2
D-251
NETHERLAND, SEWELL
& ASSOCIATES, INC.
East Lengo-1 Interpreted Well Log

East Lengo Field, Offshore Indonesia
Figure 14.7.3
D-252
Figure 14.7.4
D-253
Top to Potential GWC

Top to Spill point
Case
2,288
2,288
2,353
2,427
Base
(ft MD)
2,190
2,190
Top
(ft TVDSS)
2,255
2,329
Base
(ft TVDSS)
65
139
39
46
Net Pay
(ft TVT)
0.28
0.27
Porosity
(Decimal)
0.42
0.44
Water
Saturation
(Decimal)
Low Estimate Case
East Lengo-1
Kujung I
Kujung I
Well/Zone
Top
(ft MD)
Gross
Interval
(ft TVT)
EAST LENGO FIELD, OFFSHORE INDONESIA
41
52
Net Pay
(ft TVT)
0.27
0.27
Porosity
(Decimal)
0.39
0.43
Water
Saturation
(Decimal)
Best Estimate Case
45
62
Net Pay
(ft TVT)
0.26
0.25
Porosity
(Decimal)
0.31
0.34
Water
Saturation
(Decimal)
High Estimate Case
Figure 14.7.5
D-254
Min
Resources
Category
1C
Zone
Kujung I
0.59
Gas Saturation
(Decimal)
Most
Likely
Mean
0.69
Max
339,628
P05
0.56
0.69
65
67
69

(SCF/ft3)
Most
Min
Likely
Max
0.33
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
0.56
40,785
1C
Kujung I
P95
Resources
Category
Zone
Gross Rock Volume

(Ac-ft)

0.27
0.28
Max
0.55
0.65
0.80
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.25
Min
Porosity
(Decimal)
Most
Likely
Figure 14.7.6
D-255
12.3
29.8
72.7
8.2
67
1C
66
Recovery Factor(1)
(Percent)
2C
67
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Gas Resources by unrounded Original Gas-In-Place.
See Volumetric Input Parameters for recovery factor input distributions.
48.9
(1)
19.7
Gross (100 Percent)

1C
2C
3C
Kujung I
Zone

1C
2C
3C

Figure 14.7.7
D-256
Kujung I Carbonate
Kujung I Carbonate
Kujung I Carbonate
Zone
Kujung I Carbonate
Kujung I Carbonate
Kujung I Carbonate
EMR-6
EMR-7
Helene
Lead
EMR-6
EMR-7
Helene
P50
343,356
385,007
2,865,929
P05
0.56
0.56
0.56
0.59
0.59
0.59
0.69
0.69
0.69
Gas Saturation
(Decimal)
Most
Min
Likely
Max
34,878
27,697
71,749
P95
0.56
0.56
0.56
0.69
0.69
0.69
45
45
45
60
60
60
80
80
80

(SCF/ft3)
Most
Min
Likely
Max
0.33
0.33
0.33
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Zone
Lead
Gross Rock Volume

(Ac-ft)
Min
0.27
0.27
0.27
Porosity
(Decimal)
Most
Likely
0.28
0.28
0.28
Max
0.55
0.55
0.55
0.65
0.65
0.65
0.80
0.80
0.80
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.25
0.25
0.25

EAST MURIAH PSC, OFFSHORE INDONESIA
Figure 14.7.8
D-257
Kujung I Carbonate
Kujung I Carbonate
Kujung I Carbonate
EMR-6
EMR-7
Helene
42.0
74.0
9.3
8.4
24.3
153.7
174.1
25.1
25.0
103.6
Best
586.2
513.9
64.9
67.8
453.5
High
28.2
49.2
6.1
5.4
16.8
Low
101.2
115.9
16.4
16.4
68.4
Best
393.0
350.6
43.8
46.1
303.1
High
Gross Recoverable
10.3
17.6
2.0
1.8
6.5
Low
38.4
42.4
5.4
5.4
27.7
Best
149.5
133.5
13.9
14.5
121.2
High
Original In-Place
6.9
11.7
1.3
1.2
4.5
Low
25.3
28.5
3.5
3.5
18.3
Best
100.2
90.6
9.4
9.9
81.0
High
Gross Recoverable
Risked Gas (BCF)
0.21
0.21
0.27
Low
Original In-Place
(1)
Arithmetic Sum(1)
Probabilistic Sum
Zone
Lead
Pg
(Decimal)
Unrisked Gas (BCF)

EAST MURIAH PSC, OFFSHORE INDONESIA
Figure 14.7.9
D-258
1.00
20.75
0.75
Drilling costs are for 2 appraisal wells which will later be completed as development producing wells.
Abandonment costs are based on half of Jasmine Field abandonment costs due to small structure.
13.00
(2)
(1)
3.70
1.00
7.50
0.90
1.00
Total
3.70
Thereafter
7.50
0.9
2016
Abandonment(2)
G&A, other pre-development

costs
Drilling(1)
12.00
2015
10.00
2014
Pipeline
2013
10.00
Previous
Category

46.85
7.50
7.35
12.00
10.00
10.00
Total
Figure 14.7.10
D-259
2013
2014
Category
Platform Fixed OPEX

2015
2016
2017
2018
0.8
3.0
3.0

2019
3.0
Thereafter
3.0
Figure 14.7.11
D-260
0.0
0.0
0.0
0.0
0.0
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
0.0
CUM PROD
ULTIMATE
19,644.4
0.0
19,644.4
4,200.0
4,198.1
3,457.8
2,403.9
476.4
0.0
0.0
0.0
708.1
4,200.0
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
8,019.1
1,714.5
1,713.7
1,411.5
981.3
194.5
0.0
0.0
0.0
289.1
1,714.5
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(M$)
38,862.4
8,118.3
8,358.0
7,083.9
5,072.5
1,028.7
0.0
0.0
0.0
1,319.0
7,881.9
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
45,950.0
0.0
0.0
0.0
0.0
7,500.0
3,700.0
13,000.0
1,000.0
20,750.0
0.0
GROSS
(100%)
INVSTMT
(M$)
16,500.0
3,000.0
3,000.0
3,000.0
3,000.0
750.0
0.0
0.0
0.0
750.0
3,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
20,677.5
0.0
0.0
0.0
0.0
3,375.0
1,665.0
5,850.0
450.0
9,337.5
0.0
NET
INVSTMT
(M$)
KRISENERGYS WORKING INTEREST IS 50 PERCENT IN THE EAST MURIAH BLOCK. IT IS ANTICIPATED THAT LOCAL PARTICIPATION WILL
REDUCE THIS WORKING INTEREST TO 45 PERCENT. WORKING INTEREST RESOURCES ARE ESTIMATED BASED ON THE CURRENT
WORKING INTEREST AND CONTINGENT CASH FLOW IS ESTIMATED BASED ON THE REDUCED WORKING INTEREST.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
NET RESOURCES
(2)
(1)
9,822.2
2,100.0
2,099.1
1,728.9
1,202.0
238.2
0.0
0.0
0.0
354.1
2,100.0
GAS
(MMCF)
WORKING INTEREST
RESOURCES (50%)(1)
0.0
0.0
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESOURCES

1,795.7
448.9
461.4
395.1
290.7
127.7
222.0
(857.7)
9.0
262.0
436.6
NET
TAXES(2)
(M$)
8,964.3
6,319.5
6,546.6
5,338.8
3,431.9
(2,811.5)
(1,887.0)
(4,992.3)
(459.0)
(8,618.0)
6,095.3
NET
CASH FLOW
(M$)
1,574.3
(4,950.9)
(1,427.5)
1,184.6
2,711.1
1,574.3
(1,799.2)
(6,126.4)
(6,488.1)
(12,661.6)
(8,692.2)
CUM
CASH FLOW
DISC AT 10%
(M$)

2,622.3
(424.1)
(1,769.6)
(2,670.2)
(3,264.9)
7,425.0
1,350.0
1,350.0
1,350.0
1,350.0
337.5
0.0
0.0
0.0
337.5
1,350.0
NET
OPERATING
EXPENSE
(M$)
EAST LENGO FIELD

EAST MURIAH BLOCK
OFFSHORE INDONESIA
Figure 14.7.12
D-261
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
24,430.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
15,995.3
1,442.0
1,249.0
909.3
670.8
62.6
2,204.4
2,204.4
1,817.2
1,450.6
1,446.2
0.0
0.0
0.0
334.4
2,204.4
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(M$)
81,855.8
7,915.8
7,054.8
5,290.5
4,019.7
384.2
10,437.9
10,751.1
9,128.9
7,505.6
7,707.6
0.0
0.0
0.0
1,525.9
10,133.9
GAS (M$)
45,950.0
0.0
0.0
0.0
0.0
7,500.0
0.0
0.0
0.0
0.0
0.0
3,700.0
13,000.0
1,000.0
20,750.0
0.0
GROSS
(100%)
INVSTMT
(M$)
31,000.0
3,000.0
3,000.0
3,000.0
3,000.0
250.0
3,000.0
3,000.0
3,000.0
3,000.0
3,000.0
0.0
0.0
0.0
750.0
3,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
20,677.5
0.0
0.0
0.0
0.0
3,375.0
0.0
0.0
0.0
0.0
0.0
1,665.0
5,850.0
450.0
9,337.5
0.0
NET
INVSTMT
(M$)
13,950.0
1,350.0
1,350.0
1,350.0
1,350.0
112.5
1,350.0
1,350.0
1,350.0
1,350.0
1,350.0
0.0
0.0
0.0
337.5
1,350.0
NET
OPERATING
EXPENSE
(M$)
16,196.0
2,780.3
2,401.5
1,625.2
1,066.0
89.7
569.5
585.7
1,589.8
2,599.8
2,688.8
222.0
(857.7)
9.0
272.8
553.6
NET
TAXES(2)
(M$)
31,032.3
3,785.5
3,303.4
2,315.3
1,603.6
(3,193.0)
8,518.4
8,815.4
6,189.1
3,555.8
3,668.9
(1,887.0)
(4,992.3)
(459.0)
(8,421.9)
8,230.2
NET
CASH FLOW
(M$)
11,559.6
10,111.1
11,215.0
11,918.4
12,361.3
11,559.6
(2,118.3)
2,626.2
5,654.4
7,236.0
8,719.6
(1,799.2)
(6,126.4)
(6,488.1)
(12,521.1)
(7,161.4)
CUM
CASH FLOW
DISC AT 10%
(M$)
(1)
14,215.7
6,582.7
3,274.5
1,047.1
(466.2)

48,860.9
0.0
2,700.0
2,307.8
1,611.6
1,124.8
76.7
2,700.0
2,700.0
2,700.0
2,700.0
2,700.0
0.0
0.0
0.0
409.6
2,700.0
GAS
(MMCF)
KRISENERGYS WORKING INTEREST IS 50 PERCENT IN THE EAST MURIAH BLOCK. IT IS ANTICIPATED THAT LOCAL PARTICIPATION WILL
REDUCE THIS WORKING INTEREST TO 45 PERCENT. WORKING INTEREST RESOURCES ARE ESTIMATED BASED ON THE CURRENT WORKING
INTEREST AND CONTINGENT CASH FLOW IS ESTIMATED BASED ON THE REDUCED WORKING INTEREST.
(2) NET TAXES INCLUDE COST REIMBURSEMENTS ASSOCIATED WITH LOCAL PARTICIPATION AND INCOME TAXES.
ULTIMATE
0.0
48,860.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
GROSS REVENUE
TO NET INTEREST
0.0
CUM PROD
5,400.0
4,615.5
3,223.1
2,249.6
153.5
5,400.0
5,400.0
5,400.0
5,400.0
5,400.0
0.0
0.0
0.0
819.2
5,400.0
GAS
(MMCF)
WORKING INTEREST
RESOURCES (50%)(1) NET RESOURCES
EAST LENGO FIELD

EAST MURIAH BLOCK
OFFSHORE INDONESIA
0.0
0.0
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
0.0
0.0
0.0
0.0
0.0
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESOURCES

KUTAI PSC
OFFSHORE KALIMANTAN, INDONESIA
15.1
OVERVIEW
The Kutai PSC is in the exploration stage and comprises one onshore and four offshore areas
covering a combined 3,540 km2 within the Kutai Basin of Kalimantan, Indonesia. Prior to the
award of the block to the previous operator, Serica, in January 2007, 3 onshore and 11
offshore wells had been drilled by previous operators. KrisEnergy is the current operator and
has a 54.6 percent ownership in the block. Figure 15.7.1 shows a location map of the area.
15.1.1 CONTINGENT RESOURCES

We have estimated contingent resources for two offshore gas discoveries in the Kutai PSC:
the Dambus discovery, with two gas zones, and the Mangkok discovery, with one gas zone.
The Dambus-1 and -1ST wells were drilled in 2010 by Serica to a total depth of 3,225 m MD in
water depth of 89 m. The Mangkok-1ST4 was drilled in 2001 by Total/Fina/Elf to a depth of
4,000 m MD in water depth of 87 m. No well tests were performed in either of the discoveries.
KrisEnergy plans to drill an additional exploration well, Tayum-1, in the second quarter of 2013,
about 4 km west of the Mangkok-1ST4 and 8 km east-southeast of the Dambus-1. Kutai
development is envisioned to consist of redrilling each of the Dambus and Mangkok
discoveries and installing single-well support structures, with production tied back to the
nearest adjacent Tunu Field platform 26 km away.
Contingent resources subclassified as development pending have been estimated for these
discoveries. The contingent resources shown in this report for the Kutai PSC are contingent
upon (1) the collection of additional technical data, to be gathered through delineation wells, to
establish the size and commercial viability of the projects, (2) submission and approval of a
POD, and (3) completion of a gas sales agreement. If these issues are resolved, some portion
of these contingent resources may be reclassified as reserves. Economic analysis was
performed to confirm commercial viability and determine economic limits for these resources,
using the price and cost parameters discussed in the letter at the beginning of this report and
in the Economics Overview section of this technical discussion (Section 15.6).
We estimate the gross (100) percent contingent resources and the net contingent resources to
the KrisEnergy working interest in the Kutai PSC, as of December 31, 2012, to be:
Gross (100 Percent) Contingent Resources
Gas (BCF)
Condensate (MMBBL)
1C
2C
3C
1C
2C
3C
0.0
75.7
117.5
0.00
0.09
0.15
Working Interest Contingent Resources(1)

Gas (BCF)
Condensate (MMBBL)
1C
2C
3C
1C
2C
3C
0.0
41.3
64.1
0.00
0.05
0.08
(1)
KrisEnergys current working interest is 54.6 percent in the Kutai PSC. It is anticipated that local
participation will reduce this working interest to 49.14 percent. Working interest resources are
estimated based on the current working interest.
Gas volumes are expressed in BCF at standard temperature and pressure bases. Condensate
volumes are expressed in MMBBL; a barrel is equivalent to 42 United States gallons. Plans
Page 58
D-262
are to sell full wellstream gas volumes; therefore, we have included inert gas volumes, which
are approximately 2 percent, in our estimates of resources. Gas prices are adjusted for energy
content using a BTU factor of 0.98 MMBTU/MCF to account for the impurities.
15.1.2 PROSPECTIVE RESOURCES

Prospective gas and condensate resources have been estimated for two offshore prospects in
the Kutai PSC. A geologic risk assessment was performed for these prospects, as discussed
We estimate the gross (100 percent) and the net unrisked and risked prospective resources to
the KrisEnergy working interest in the Kutai PSC, as of December 31, 2012, to be:
Subclassification/
Category
Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Gas
Cond.
Gas
Cond.
Gas
Cond.
Gas
Cond.
(BCF) (MMBBL) (BCF) (MMBBL) (BCF) (MMBBL) (BCF) (MMBBL)
Prospects
Low Estimate
Best Estimate
High Estimate
38.3
80.9
210.3
0.0
0.1
0.3
11.9
26.9
73.9
0.0
0.0
0.1
20.9
44.2
114.8
0.0
0.1
0.1
6.5
14.7
40.3
0.0
0.0
0.1
Note: Prospective gas resources shown are full wellstream gas volumes.
(1)
KrisEnergys current working interest is 54.6 percent in the Kutai PSC. It is anticipated that local
participation will reduce this working interest to 49.14 percent. Working interest resources are
our estimates. The prospective resources shown for the Kutai PSC have been estimated using
probabilistic methods and are dependent on a petroleum discovery being made.
15.2
DATA SOURCES
below:
15.3
Sericas Offset Test Analogy and Pressures and Gas Samples presentation
Digital log data for the Dambus-1, Dambus-1ST, and Mangkok-1ST4 wells and for
nearby off-structure wells
SMT project containing interpreted maps and well logs

The Dambus-1 and -1ST wells were drilled by Serica in 2010 to a total depth of 3,225 m MD in
water depths of 89 m in the northeastern part of the Mahakam Delta, Kutai Basin, offshore
Page 59
D-263
Indonesia. The Dambus-1 well was drilled on a three-way dip/fault structure. The well
intersected two high-quality gas sands with a total net pay of approximately 17.5 m measured
thickness (13.7 m TVT). In each sand, only the LKG was logged in the well. The MDT pressure
profile indicated a GWC downdip of the logged LKG and near the termination of the field
trapping fault. The Dambus-1ST well was drilled to a depth of 2,800 m MD following the loss of
the original borehole.
The Mangkok-1ST4 was drilled by Total/Fina/Elf in 2001 to a total depth of 4,000 m MD in
water depths of 87 m in the northeastern part of the Mahakam Delta, Kutai Basin, offshore
Indonesia. The Mangkok discovery is approximately 11 km east of the Dambus discovery. The
trap is mapped as a three-way closure located on the hanging wall of a fault. One gas-bearing
reservoir was found in the well at 1,867 m MD, with a GWC at 1,870 m MD. In the deeper
section of the well, additional thin sands with possible hydrocarbons were encountered, but
none could be proven through MDT pressure testing and/or sampling. Numerous drilling
problems were encountered, necessitating four sidetrack holes.

The Dambus-1 and -1ST logged LKG in two gas sands. The low estimate GRV calculation for
the gas-bearing intervals that are full to base is based on the LKG. The high estimate GRV in
these intervals is based on the trapping fault tip-out for each of the two gas sands. The best
estimate GRV for the Mangkok discovery is based on the GWC in the Mangkok-1ST4 well.
This GRV was varied 10 percent up and down and input as the high and low estimate cases,
respectively. A summary of the basis for the GRV calculations by zone is provided in Figure
15.7.2. The depth structure maps for the gas zones in the Dambus and Mangkok discoveries
are shown in Figures 15.7.3 through 15.7.5.
15.4
The Dambus and Mangkok wells are separated by a fault, and during the petrophysical
interpretation process it became clear that certain parameters should be handled differently
between the Dambus and Mangkok wells.
Two salinity cases were evaluated for the Dambus-1 and -1ST wells. For the best estimate
case, Rw was assumed to be 0.43 ohm-m at a reservoir temperature of 200F. For the high
estimate case, Rw was assumed to be 0.144 ohm-m at a reservoir temperature of 200F.
Parameter assumptions include an m value of 1.8 and an n value of 1.8. For the Mangkok1ST4, Rw was assumed to be 0.11 ohm-m at a reservoir temperature of 155F. Parameter
assumptions include an m value of 1.6 and an n value of 1.8.
Cutoff parameters used to calculate net pay were a porosity cutoff of greater than or equal to
15 percent, a water saturation cutoff of less than or equal to 65 percent, and a shale volume
cutoff of less than or equal to 40 percent. The logs for Dambus-1ST and the Mangkok-1ST4,
with interpreted net pay, are shown in Figures 15.7.6 and 15.7.7. The calculated net pay,
porosity, and water saturation are shown in Figure 15.7.8.
Page 60
D-264
15.5

15.5.1 WELL TEST SUMMARY
No well tests were performed on the Dambus or Mangkok wells. However, the Sisi-1 well
located approximately 45 km to the south can be correlated with these wells. A well test in the
Sisi-1 well in slightly deeper but similar-quality sands yielded 14 MMCFD with 1.3 BBL of
condensate per MMCF of gas. Since there were no well tests in the KrisEnergy wells, we
categorize all intervals as 2C. As such, no 1C resources are calculated for the Kutai PSC.
15.5.2 RESERVOIR PROPERTIES

Extensive MDTs were performed on the Dambus-1ST. Analysis indicates a gas fluid gradient
and a GWC at 1,820 m TVDSS. This GWC was used to calculate the best estimate GRV for
the C1 and C2 intervals. Gas samples were also collected in these intervals. The following
tables show the key fluid and rock properties used in our analysis:
Value
Fluid Property
Gas Gravity (specific gravity)
H2S Content (mole percent)
CO2 Content (mole percent)
N2 Content (mole percent)
Yield (BBL/MMCF)
Category
Datum (m TVDSS)
BHP (psia)
Temperature (F)
0.61
0.00
1.40
0.50
1 to 3
Dambus Zone
C1
C2
1,820
2,589
195
Upper Mangkok
Zone
1,835
2,593
197
1,635
2,349
175

15.5.3.1 Contingent Resources
A probabilistic spreadsheet model was constructed to calculate 1C, 2C, and 3C original
hydrocarbons-in-place (OHIP) and contingent resources for the Kutai PSC. We determined the
type of distribution and input parameters for the various volumetric parameters by individual
reservoir. GRV input parameters for the Dambus discovery were defined by a triangular
distribution with minimum, most likely, and maximum input values, while GRV input parameters
for the Mangkok discovery were defined by a normal distribution with P90 and P10 input
values based on the low and high estimate cases discussed earlier.
All volumetric input parameters are summarized in Figure 15.7.9. The resulting OHIP and
in Figure 15.7.10.
15.5.3.2 Prospective Resources

estimate OHIP and prospective resources for the Kutai PSC. We determined the type of
Page 61
D-265
distribution and input parameters for the various volumetric parameters by individual prospect.
GRV input parameters were defined by a lognormal distribution, with input values of P95 and
P05 based on the low and high estimate cases discussed earlier. Probability ranges for all
other volumetric parameters were estimated based on analogous fields in the region and are
similar to those used for the contingent resources evaluation.
risked OHIP and gross (100 percent) prospective resources calculated in the probabilistic
15.6
ECONOMICS OVERVIEW
Economics have been run for the Kutai Field development.
information, future platform, facilities, and pipeline costs are estimated to be $36.0 million.
Figure 15.7.13.
OPEX estimates for the Kutai Field development are based on budget information provided by
KrisEnergy. Upon first gas in the fourth quarter of 2015, primary OPEX will include fixed
operating costs estimated at $10 million annually. These fixed operating costs include
petroleum agreement fees and general and administrative, consulting, fuel, and other
miscellaneous fees. Pricing used for the Kutai development assumes that Total will charge a
fee of $0.50 per MMBTU for handling and processing the Kutai gas through their facilities at
Tunu Field. Details of the OPEX estimates are shown in Figure 15.7.14.
Fiscal Terms
Contract Type
Operator
First Production
Gas Price ($/MMBTU)
Interest
PSC
KrisEnergy
October 1, 2015
-4.0000
6.000
54.6000
10.0000
POD Approval
49.1400
10.0000

100.0000
35.7143
53.5714
44.0000

Domestic Market Obl. % of Price
25.0000
25.0000
Summary projections of estimated contingent resources and cash flow to the KrisEnergy
interest are shown in Figures 15.7.15 and 15.7.16.
Page 62
D-266
NETHERLAND, SEWELL
& ASSOCIATES, INC.
11800'00"
11700'00"
000'00"
Dambus
Kutai I
Mangkok
Kalimantan
Kutai IV
Northern
Area
100'00"
Kutai IV
Southern
Area
Kutai IV
East Area
Kutai V
West Area
Tanjung Aru PSC

Halimun
200'00"
Papandayan
Kalimantan
Kutai
PSC
Makassar
Strait
Tanjung
Aru PSC
Java Sea
Legend
Sulawesi
(Celebes)
Kutai and Tanjung Aru PSCs

Kalimantan, Indonesia
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Location Map
SCALE IN KILOMETERS
0
20
40
80
Figure 15.7.1
D-267
Figure 15.7.2
D-268
C2
Upper
Dambus
Mangkok
2C
2C
2C
Resources
Category
GWC @ -1,647 m
(Mangkok-1ST4) -10%
LKG @ -1,817 m
(Dambus-1ST)
LKG @ -1,809 m
(Dambus-1ST)
Low Estimate Case
MDT OWC @ -1,820 m

(Dambus-1ST)
MDT OWC @ -1,820 m

(Dambus-1ST)
Best Estimate Case
C1
Zone
Dambus
Discovery

KUTAI PSC, OFFSHORE INDONESIA
GWC @ -1,647 m
(Mangkok-1ST4) +10%
Fault tip-out @ -1,863 m
Fault tip-out @ -1,852 m
High Estimate Case
Normal
Triavmngular
Triangular
Distribution
Type
Figure 15.7.3
D-269
Figure 15.7.4
D-270
Figure 15.7.5
D-271
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Dambus-1ST Interpreted Well Log

Kutai PSC, Offshore Indonesia
C1
C1 Base
C2
C2 Base
Figure 15.7.6
D-272
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Mangkok-1ST4 Interpreted Well Log

Kutai PSC, Offshore Indonesia
Upper
Upper Base
Figure 15.7.7
D-273
Figure 15.7.8
D-274
1,863
1,891
1,641
1,794
1,812
1,663
1,809
1,817
21
15
5
6
8
6
7
17
0.29
0.33
0.32
0.30
0.27
Porosity
(Decimal)
0.41
0.18
0.28
0.21
0.44
Water
Saturation
(Decimal)
Best Estimate Case
Mangkok-1ST4
Upper
Total
2,035
2,044
1,797
1,816
Net Pay
(m TVT)
13
4
2,021
2,039
1,791
1,808
Base
(m TVDSS)
Dambus-1ST
C1
C2
2,078
2,102
Top
(m TVDSS)
13
2,070
2,092
Base
(m MD)
Total
Dambus-1
C1
C2
Well/Zone
Top
(m MD)
Gross
Interval
(m TVT)
18
13
5
14
6
8
Net Pay
(m TVT)
0.33
0.32
0.30
0.26
Porosity
(Decimal)
0.17
0.21
0.19
0.33
Water
Saturation
(Decimal)
High Estimate Case
Figure 15.7.9
D-275
C1
C2
Upper
Zone
C1
C2
Upper
Zone
C1
C2
Upper
Zone
2C
2C
2C
Resources
Category
2C
2C
2C
Resources
Category
2C
2C
2C
Resources
Category
13,251
2,541
62,067
31,802
64,532
0.81
0.64
0.70
0.82
0.73
0.80
0.55
0.55
0.55
0.70
0.70
0.70
0.90
0.90
0.90
Gas Recovery Factor

(Decimal)
Most
Min
Likely
Max
0.78
0.56
0.60
Gas Saturation
(Decimal)
Most
Min
Likely
Max
5,184
1,844
52,799
0.91
0.89
0.75
0.95
0.94
0.90
154
154
147
155
155
149
1
1
1
2
2
2
3
3
3
Condensate Yield
(BBL/MMCF)
Most
Min
Likely
Max
153
153
145

(SCF/ft3)
Most
Min
Likely
Max
0.88
0.87
0.50
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Dambus
Dambus
Mangkok
Discovery
Dambus
Dambus
Mangkok
Discovery
Dambus
Dambus
Mangkok
Discovery
Gross Rock Volume

(Ac-ft)
Most
Low
Likely
High

0.31
0.30
0.29
0.32
0.31
0.30
Max
1.00
1.00
1.00
1.00
1.00
1.00
0.30
0.30
0.30
0.45
0.45
0.45
0.60
0.60
0.60
Condensate Recover Factor

(Decimal)
Most
Min
Likely
Max
1.00
1.00
1.00
(Decimal)
Most
Min
Likely
Max
0.29
0.28
0.28
Min
Porosity
(Decimal)
Most
Likely
Figure 15.7.10
D-276
C1
C2
Zone
Upper
C1
C2
Zone
Upper
107.4
54.9
50.7
52.6
37.9
12.9
157.0
67.8
95.1
89.2
69.7
25.4
0.00
0.00
0.00
0.00
0.00
0.00
0.21
0.11
0.10
0.10
0.07
0.03
0.34
0.15
0.20
0.19
0.14
0.05
Original
Condensate-in-Place (MMBBL)
1C
2C
3C
0.0
0.0
0.0
0.0
0.0
0.0
0.00
0.00
0.00
0.00
0.00
0.00
117.5
53.1
68.6
64.5
50.2
18.4
0.15
0.07
0.09
0.08
0.07
0.02
70
71
71
70
71
70
75
78
72
72
72
73
45
45
45
45
45
45
45
44
46
46
46
45
Recovery Factor(1)
(Percent)
1C
2C
3C
Recovery Factor(1)
(Percent)
1C
2C
3C
Recovery Factor is calculated by dividing unrounded gross recoverable volumes by unrounded original in-place volumes. See Volumetric Input Parameters for
recovery factor input distributions.
Totals are the sum of multiple discovery-level probability distributions.
0.09
0.05
0.04
0.05
0.03
0.01
(3)
(2)
(1)
75.7
39.0
36.0
36.7
26.9
9.1
Gross Recoverable
Condensate (MMBBL)
1C
2C
3C
0.0
0.0
0.0
0.0
0.0
0.0
Gross (100 Percent)

1C
2C
3C
Arithmetic Sum(2)(3)
Mangkok
Arithmetic Sum(2)
Probabilistic Sum
Dambus
Dambus
Discovery
Arithmetic Sum(2)
Mangkok
Arithmetic Sum(2)
Probabilistic Sum
Dambus
Dambus
Discovery
Original Gas-in-Place (BCF)

1C
2C
3C
SUMMARY OF ORIGINAL HYDROCARBONS-IN-PLACE AND

GROSS (100 PERCENT) CONTINGENT RESOURCES
Figure 15.7.11
D-277
Miocene Carbonates
Miocene Clastics
Zone
Miocene Carbonates
Miocene Clastics
Zone
Miocene Carbonates
Miocene Clastics
Zone
P50
109,134
276,805
P05
0.60
0.70
0.73
0.80
1
1
2
2
3
3
Condensate Yield
(BBL/MMCF)
Most
Min
Max
Likely
0.40
0.60
Gas Saturation
(Decimal)
Most
Min
Likely
Max
19,991
15,467
P95
0.56
0.90
0.69
0.95
180
150
190
155
0.30
0.30
0.45
0.45
0.60
0.60
Condensate Recovery Factor

(Decimal)
Most
Min
Max
Likely
170
145

(SCF/ft3)
Most
Min
Likely
Max
0.33
0.88
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Gantar
Tayum
Prospect
Gantar
Tayum
Prospect
Gantar
Tayum
Prospect
Gross Rock Volume

(Ac-ft)

0.27
0.30
0.28
0.31
0.60
0.55
0.65
0.70
0.75
0.90
Gas Recovery Factor

(Decimal)
Most
Min
Likely
Max
0.25
0.28
Min
Porosity
(Decimal)
Most
Likely
Max
Figure 15.7.12
D-278
0.24
0.37
Pg
(Decimal)
0.24
0.37
111.5
117.2
30.2
81.3
316.6
286.0
62.1
254.5
27.6
38.3
9.3
18.4
77.8
80.9
20.0
57.8
226.8
210.3
42.8
184.0
0.1
0.1
0.0
0.0
0.2
0.2
0.1
0.2
0.6
0.6
0.1
0.5
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.1
0.3
0.3
0.1
0.2
Unrisked Condensate (MMBBL)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
40.1
55.2
14.0
26.2
37.3
38.7
7.2
30.1
109.2
101.6
14.9
94.3
9.0
11.9
2.2
6.8
26.2
26.9
4.8
21.4
78.4
73.9
10.2
68.2
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.1
0.2
0.2
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.1
Risked Condensate (MMBBL)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
13.0
17.1
3.3
9.7
Risked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
Miocene Carbonates
Miocene Clastics
Zone
Miocene Carbonates
Miocene Clastics
Zone
Unrisked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
(1)
Arithmetic Sum(1)
Probabilistic Sum
Gantar
Tayum
Prospect
Arithmetic Sum(1)
Probabilistic Sum
Gantar
Tayum
Prospect
Pg
(Decimal)

Figure 15.7.13
D-279
2.00
2.00
2.00
67.50
1.50
0.00
15.00
15.00
87.60
15.00
6.60
30.00
16.00
20.00
Total
Drilling costs are for 2 appraisal wells that will later be completed as producing wells.
Abandonment costs are based on half of the Jasmine Field abandonment costs because of smaller structures.
1.10
2.00
(2)
(1)
Total
Abandonment(2)
1.1
30.00
Drilling(1)
16.00

2014
2015
2016
Thereafter
Pipeline
2013
20.00
Previous
Category

Figure 15.7.14
D-280
0.0
2013
0.0
2.5
10.0

2014
2015
2016
Platform Fixed OPEX
Category

10.0
Thereafter
Figure 15.7.15
D-281
7.4
5.1
3.6
2.3
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
90.1
ULTIMATE
75,680.7
0.0
75,680.7
6,180.0
4,318.8
3,018.1
1,960.8
8,640.0
8,640.0
8,640.0
8,640.0
8,342.7
0.0
0.0
683.3
7,977.0
8,640.0
GAS
(MMCF)
49.2
4.0
2.8
2.0
1.3
5.6
5.6
5.6
5.6
5.4
0.0
0.0
0.4
5.2
5.6
OIL
(MBBL)
27,375.3
1,816.8
1,365.6
1,047.4
763.9
3,821.1
3,716.8
2,432.0
2,420.8
2,339.7
0.0
0.0
302.2
3,527.9
3,821.1
GAS
(MMCF)
4,236.6
345.9
241.8
169.0
109.7
483.7
483.7
483.7
483.7
467.0
0.0
0.0
38.2
446.6
483.7
OIL
(M$)
181,078.1
13,224.3
10,238.0
8,088.5
6,065.0
24,015.4
24,060.5
16,215.5
16,625.1
16,540.4
0.0
0.0
1,776.9
20,912.7
23,315.7
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
86,500.0
0.0
0.0
0.0
15,000.0
0.0
0.0
0.0
0.0
0.0
2,000.0
2,000.0
67,500.0
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
111,666.7
10,000.0
10,000.0
10,000.0
9,166.7
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
0.0
0.0
2,500.0
10,000.0
10,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
54,873.0
4,914.0
4,914.0
4,914.0
4,504.5
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
0.0
0.0
1,228.5
4,914.0
4,914.0
NET
OPERATING
EXPENSE
(M$)
17,072.5
3,484.6
2,170.6
1,224.8
653.9
98.3
441.0
4,800.7
4,980.9
4,943.6
223.7
(6,834.0)
688.0
98.3
98.3
NET
TAXES(2)
(M$)
70,863.1
5,171.7
3,395.2
2,118.6
(6,354.7)
19,486.8
19,189.2
6,984.5
7,213.9
7,149.8
(1,206.5)
5,851.2
(33,270.9)
16,347.0
18,787.2
NET
CASH FLOW
(M$)
34,955.2
34,932.0
36,066.7
36,710.3
34,955.2
13,186.0
23,513.7
26,931.1
30,139.8
33,030.9
(1,150.3)
3,921.4
(22,295.6)
(10,585.4)
1,649.3
CUM
CASH FLOW
DISC AT 10%
(M$)
KUTAI PSC
OFFSHORE INDONESIA

40,158.1
24,791.7
17,610.4
12,468.0
8,741.9
42,506.1
0.0
0.0
0.0
7,371.0
0.0
0.0
0.0
0.0
0.0
982.8
982.8
33,169.5
0.0
0.0
NET
INVSTMT
(M$)
KRISENERGYS WORKING INTEREST IS 54.6 PERCENT IN THE KUTAI PSC. IT IS ANTICIPATED THAT LOCAL PARTICIPATION WILL REDUCE
THIS WORKING INTEREST TO 49.14 PERCENT. WORKING INTEREST RESOURCES ARE ESTIMATED BASED ON THE CURRENT WORKING
NET TAXES INCLUDE COST REIMBURSEMENTS ASSOCIATED WITH LOCAL PARTICIPATION, SPECIAL REMUNERATORY BENEFIT, AND
INCOME TAXES.
39.8
3.3
2.3
1.6
1.0
4.5
4.5
4.5
4.5
4.4
0.0
0.0
0.4
4.2
4.5
OIL
(MBBL)
NET RESOURCES
(2)
(1)
41,321.6
3,374.3
2,358.1
1,647.9
1,070.6
4,717.4
4,717.4
4,717.4
4,717.4
4,555.1
0.0
0.0
373.1
4,355.4
4,717.4
GAS
(MMCF)
WORKING INTEREST
0.0
CUM PROD
TOTAL
90.1
10.3
10.3
10.3
10.3
9.9
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
0.0
0.0
0.8
9.5
10.3
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESOURCES

Figure 15.7.16
D-282
13.5
13.0
9.7
6.8
4.8
3.3
1.5
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
ULTIMATE
117,476.3
0.0
117,476.3
2,670.7
1,172.1
10,800.0
10,431.6
7,748.5
5,432.7
3,809.1
10,800.0
10,800.0
10,800.0
10,800.0
10,800.0
0.0
0.0
728.1
9,883.4
10,800.0
GAS
(MMCF)
80.2
1.8
0.8
7.4
7.1
5.3
3.7
2.6
7.4
7.4
7.4
7.4
7.4
0.0
0.0
0.5
6.7
7.4
OIL
(MBBL)
38,035.4
930.2
458.2
2,903.2
2,806.1
2,160.8
1,602.7
1,208.8
4,005.2
3,717.7
2,935.2
2,924.2
2,913.6
0.0
0.0
322.0
4,371.0
4,776.4
GAS
(MMCF)
6,907.9
157.0
69.0
635.1
613.4
455.7
319.4
224.0
635.1
635.1
635.1
635.1
635.1
0.0
0.0
42.8
581.2
635.1
OIL
(MBBL)
259,793.7
7,849.0
3,957.0
21,152.7
21,046.5
16,686.1
12,747.5
9,903.2
25,172.2
24,066.1
19,570.6
20,082.7
20,609.8
0.0
0.0
1,893.4
25,912.4
29,144.7
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
86,500.0
0.0
15,000.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2,000.0
2,000.0
67,500.0
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
138,333.3
10,000.0
5,833.3
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
10,000.0
0.0
0.0
2,500.0
10,000.0
10,000.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
67,977.0
4,914.0
2,866.5
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
4,914.0
0.0
0.0
1,228.5
4,914.0
4,914.0
NET
OPERATING
EXPENSE
(M$)
46,203.7
1,173.5
468.3
7,027.1
6,980.4
5,061.8
3,328.8
2,077.3
2,559.1
3,577.8
6,331.0
6,556.3
6,788.2
223.7
(6,834.0)
688.0
98.3
98.3
NET
TAXES(2)
(M$)
110,014.8
1,918.5
(6,679.8)
9,846.7
9,765.5
7,166.0
4,824.1
3,135.8
18,334.1
16,209.3
8,960.8
9,247.4
9,542.6
(1,206.5)
5,851.2
(33,149.8)
21,481.3
24,767.5
NET
CASH FLOW
(M$)
51,483.4
52,869.4
51,483.4
44,871.3
48,134.8
50,311.9
51,644.2
52,431.5
20,171.5
28,895.5
33,279.8
37,393.0
41,251.7
(1,150.3)
3,921.4
(22,200.2)
(6,812.0)
9,317.3
CUM
CASH FLOW
DISC AT 10%
(M$)
KUTAI PSC
OFFSHORE INDONESIA

59,496.2
36,320.7
26,006.3
18,820.0
13,707.5
42,506.1
0.0
7,371.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
982.8
982.8
33,169.5
0.0
0.0
NET
INVSTMT
(M$)
KRISENERGYS WORKING INTEREST IS 54.6 PERCENT IN THE KUTAI PSC. IT IS ANTICIPATED THAT LOCAL PARTICIPATION WILL REDUCE
THIS WORKING INTEREST TO 49.14 PERCENT. WORKING INTEREST RESOURCES ARE ESTIMATED BASED ON THE CURRENT WORKING
NET TAXES INCLUDE COST REIMBURSEMENTS ASSOCIATED WITH LOCAL PARTICIPATION, SPECIAL REMUNERATORY BENEFIT, AND
INCOME TAXES.
64.9
1.5
0.6
6.0
5.8
4.3
3.0
2.1
6.0
6.0
6.0
6.0
6.0
0.0
0.0
0.4
5.5
6.0
OIL
(MBBL)
NET RESOURCES
(2)
(1)
64,142.0
1,458.2
640.0
5,896.8
5,695.7
4,230.7
2,966.3
2,079.8
5,896.8
5,896.8
5,896.8
5,896.8
5,896.8
0.0
0.0
397.5
5,396.3
5,896.8
GAS
(MMCF)
WORKING INTEREST
0.0
146.8
CUM PROD
146.8
13.5
13.5
13.5
13.5
13.5
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
TOTAL
0.0
0.0
0.9
12.4
13.5
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESOURCES

TANJUNG ARU PSC
OFFSHORE KALIMANTAN, INDONESIA
16.1
OVERVIEW
The Tanjung Aru PSC is in the exploration stage and located offshore Kalimantan in the Kutai
Basin. KrisEnergy is the current operator and has a 43 percent ownership in the block. Figure
15.7.1 shows a location map of the area.

Contingent gas resources subclassified as development unclarified have been estimated for
two deepwater discoveries in this block: Halimun, in water depth of 3,500 ft, and Papandayan,
in water depth of 1,800 ft. The contingent resources shown in this report for the Tanjung Aru
PSC are contingent upon (1) the collection of additional technical data, to be gathered through
delineation wells and flow tests, to establish commercial viability of the project, (2) submission
and approval of a POD, and (3) completion of a gas sales agreement. If these issues are
resolved, some portion of these contingent resources may be reclassified as reserves.
Because of the early stage of development of this project, we did not perform an economic
analysis on these resources; as such, the economic status of these resources is
undetermined.
The discovery wells Halimun-1 and Papandayan-1 were both drilled in 2002 by the previous
operator, Amerada Hess, and penetrated 19 ft and 57 ft of gas, respectively, in multiple
sandstone reservoir intervals. No flow tests were conducted, but gas wireline samples were
recovered.
The Tanjung Aru development concept involves the drilling and subsea completion of six
appraisal/development wells in 1,800 to 3,500 ft of water with gas production sent to a
manifold and then on to a shallow water platform 30 km away, adjacent the Ruby Field
pipeline, which will be used to export the gas to Kalimantan.
resources to the KrisEnergy working interest in the Tanjung Aru PSC, as of December 31,
2012, to be:
Gross (100 Percent)
Working Interest(1)
1C
2C
3C
1C
2C
3C
0.0
110.5
155.8
0.0
47.5
67.0
(1)
KrisEnergys current working interest is 43 percent in the Tanjung

Aru PSC. It is anticipated that local participation will reduce this
working interest to 38.7 percent. Working interest resources are
Gas volumes are expressed in BCF at standard temperature and pressure bases. Plans are to
sell full wellstream gas volumes; therefore, we have included inert gas volumes, which are less
than 1 percent, in our estimates of resources.
Page 63
D-283
16.1.2 PROSPECTIVE GAS RESOURCES

Prospective gas resources have been estimated for the North Papandayan prospect in the
Tanjung Aru PSC. A geologic risk assessment was performed for this prospect, as discussed
We estimate the gross (100 percent) and the net unrisked and risked prospective gas
resources to the KrisEnergy working interest in the Tanjung Aru PSC, as of December 31,
2012, to be:
Subclassification/
Category
Prospects
Low Estimate
Best Estimate
High Estimate
(1)

Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
94.1
149.6
238.2
19.3
30.7
48.9
40.5
64.3
102.4
8.3
13.2
21.0
KrisEnergys current working interest is 43 percent in the Tanjung

Aru PSC. It is anticipated that local participation will reduce this
working interest to 38.7 percent. Working interest resources are
our estimates. The prospective resources shown for the Tanjung Aru PSC have been
estimated using probabilistic methods and are dependent on a petroleum discovery being
made.
16.2
DATA SOURCES
Data were provided to us by KrisEnergy, the operator of the properties, in both electronic and
hard copy format. The key data utilized in our evaluation in addition to the data listed in the
Executive Summary are listed below:
16.3
Amerada Hess gas reserves study for Tanjung Aru PSC after both discovery wells
were drilled
Core analysis report for Papandayan-1
End of well reports and final engineering reports for both discovery wells
Fluid analysis for samples from both discovery wells

The discovery wells, Halimun-1 and Papandayan-1, are located in the Kutai Basin, offshore
Kalimantan, Indonesia. The two discoveries were drilled in 2002 by a consortium composed of
Amerada Hess, Petronas Carigali, and Pertamina. In the Halimun-1 and the Papandayan-1
wells, two sands were found to be gas bearing in the Upper Miocene to Early Pleistocene age
section. The fields are interpreted as Pliocene-Pleistocene age channel sand deposits. A
seismic amplitude is associated with the gas-bearing reservoirs. The structures were drilled
based on 3-D seismic data.
Page 64
D-284

The two gas-bearing reservoirs in the Papandayan discovery are associated with seismic
anomalies, which were the basis for determining our low and high GRV estimates for the
discovery. Based on the morphology of the seismic amplitudes, it appears that the productive
sands are channel deposits and their continuity is questionable. For the low estimate case, we
therefore restricted the GRV calculation to the amplitude in the immediate vicinity of the
discovery well, terminating at the amplitude dim-out. For the high estimate GRV, we included
the entire area of the seismic anomaly but again terminated at the amplitude dim-out.
The two gas-bearing reservoirs in the Halimun discovery are not associated with a seismic
anomaly. A structural interpretation was generated for the two reservoirs, which was the basis
for determining our low, best, and high estimate GRV for the discovery. For the Upper
Pliestocene reservoir, a GWC was logged in the well and the GRV above this GWC was input
as the best estimate case. For the high estimate case, we increased the best estimate GRV by
20 percent. The deeper reservoir, the Lower Pliocene, only logged a LKG, so we used the
GRV above the LKG as the low estimate. For the high estimate case, we carried the potential
GWC down to a spill point.
A summary of the basis for the GRV calculations by zone is provided in Figure 16.6.1. The net
gas isopach maps for the Papandayan discovery are shown in Figures 16.6.2 and 16.6.3. The
depth structure maps for the two intervals in the Halimun discovery are shown in Figures
16.6.4 and 16.6.5.
The prospective resources associated with the North Papandayan prospect are based on
numerous individual seismic amplitudes. We mapped the maximum extent of these
amalgamated seismic amplitudes and multiplied this area by a range of net reservoir
thicknesses (25 ft for the low estimate, 50 ft for the best estimate, and 75 ft for the high
estimate cases) to derive a range of GRVs.
16.4
The porosity for Halimun-1 was calculated by calibrating a sonic porosity model to the
Papadayan-1 neutron and density-based porosity estimates. Parameter assumptions include
an m value of 2.0, an n value of 2.0, and Rw of 0.18 ohm-m at 75F. Cutoff parameters of
effective porosity greater than or equal to 15 percent, effective water saturation less than or
equal to 65 percent, and shale volume less than or equal to 40 percent were used to determine
net pay. The logs for Halimun-1 and Papadayan-1, with interpreted net pay, are shown in
Figures 16.6.6 and 16.6.7. The calculated net pay, porosity, and water saturation are shown in
Figure 16.6.8.
16.5

Numerous MDT wireline pressures in the Papandayan-1 and fluid samples in both wells
indicate the existence of gas in zones. In addition, the pressure gradients measured over the
zones of interest were 0.100, which is indicative of gas-bearing zones. Estimated fluid and
reservoir properties are summarized below:
Initial reservoir pressure ranges from 1,970 to 3,060 psia.
Reservoir temperature ranges from 94 to 129F.
Gas FVF ranges from 150 to 225 SCF/ft3.

Page 65
D-285

A probabilistic spreadsheet model was constructed to calculate 1C, 2C, and 3C OGIP and
contingent resources for the Halimun and Papandayan discoveries. We determined the type of
distribution and input parameters for the various volumetric parameters by individual reservoir.
GRV input parameters were defined by a lognormal distribution with input values of P95 and
P05 based on the low and high estimate cases discussed earlier, except for the Halimun
Upper Pliocene interval, where a GWC is estimated at 5,500 ft TVDSS. In this case, the GRV
input parameters were defined by a normal distribution with input values of mean and
P05 based on the best and high estimate cases discussed earlier.
in Figure 16.6.10.
16.5.1.2 Prospective Gas Resources

estimate OGIP and prospective resources for the North Papandayan prospect in the Tanjung
Aru PSC. GRV input parameters were defined by a lognormal distribution, with input values of
P95 and P05 based on the low and high estimate cases discussed earlier. Probability ranges
for all other volumetric parameters were estimated based on analogous fields in the region and
are similar to those used for the contingent resources evaluation.
Page 66
D-286
Figure 16.6.1
D-287
Upper Pliocene
Papandayan-1
2C
2C
2C
2C
Resources
Category
Amplitude penetrated
by Papandayan-1
Amplitude penetrated
by Papandayan-1
LKG @ -5,690 ft
(Halimun-1)
Low Estimate Case

GWC @ -5,500 ft
(Halimun-1)
Best Estimate Case
Pleistocene
Lower Pliocene
Halimun-1
Papandayan-1
Upper Pliocene
Zone
Halimun-1
Discovery

TANJUNG ARU PSC, OFFSHORE INDONESIA
Amplitudes in vicinity of
Papandayan-1
Amplitudes in vicinity of
Papandayan-1
GWC @ -5,500 ft
(Halimun-1) + 20%
High Estimate Case
Lognormal
Lognormal
Lognormal
Normal
Distribution
Type
Figure 16.6.2
D-288
Figure 16.6.3
D-289
Figure 16.6.4
D-290
Figure 16.6.5
D-291
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Halimun-1 Interpreted Well Log

Tanjung Aru PSC, Offshore Indonesia
Upper
Pliocene
Base Upper
Pliocene
Figure 16.6.6
Page 1 of 2
D-292
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Halimun-1 Interpreted Well Log

Lower
Pliocene
Base
Lower
Pliocene
Figure 16.6.6
Page 2 of 2
D-293
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Papandayan-1 Interpreted Well Log

Pleistocene
Base
Pleistocene
Figure 16.6.7
Page 1 of 2
D-294
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Papandayan-1 Interpreted Well Log

Upper
Pliocene
Base Upper
Pliocene
Figure 16.6.7
Page 2 of 2
D-295
Figure 16.6.8
D-296
3,985
5,360
4,042
5,422
5,510
5,690
57
62
37
17
13
7
Net Pay
(ft TVT)
57
Total
4,112
5,493
5,473
5,673
Gross
Interval
(ft TVT)
34
23
4,055
5,430
5,580
5,760
Base
(ft TVDSS)
Papandayan-1
Pleistocene
Upper Pliocene
Halimun-1
Upper Pliocene
Lower Pliocene
Top
(ft TVDSS)
19
5,543
5,743
Well/Zone
Base
(ft MD)
Total
Top
(ft MD)
0.60
0.38
0.34
0.37
NTG
(Decimal)
0.27
0.31
0.29
0.28
Porosity
(Decimal)
0.48
0.38
0.37
0.54
Water
Saturation
(Decimal)
4.8
4.4
2.3
0.8
HPT
(ft TVT)
Figure 16.6.9
D-297
Upper Pliocene
Lower Pliocene
Pleistocene
Upper Pliocene
Zone
Upper Pliocene
Lower Pliocene
Pleistocene
Upper Pliocene
Halimun-1
Halimun-1
Papandayan-1
Papandayan-1
Discovery
Halimun-1
Halimun-1
Papandayan-1
Papandayan-1
0.55
0.40
0.45
0.55
Min
Resources
Category
2C
2C
2C
2C
20,163
20,401
29,429
P95
2C
2C
2C
2C
Resources
Category
0.63
0.46
0.52
0.62
Most Likely
Gas Saturation
(Decimal)
43,651
-
Mean
0.70
0.50
0.60
0.70
Max
52,381
99,024
68,218
65,933
P05
0.60
0.37
0.60
0.92
Most
Likely
0.66
0.45
0.70
0.95
Max
222
225
145
192
Min
225
229
149
197
Most
Likely
229
234
153
205
Max

(SCF/ft3)
0.50
0.30
0.50
0.85
Min
Net-to-Gross Ratio
(Decimal)
Zone
Discovery
Gross Rock Volume

(Ac-ft)

0.60
0.60
0.60
0.60
Min
0.27
0.26
0.25
0.28
Min
0.70
0.70
0.70
0.70
Most
Likely
Recovery Factor
(Decimal)
0.29
0.28
0.27
0.31
Most
Likely
Porosity
(Decimal)
0.85
0.85
0.85
0.85
Max
0.31
0.30
0.29
0.32
Max
Figure 16.6.10
D-298
154.6
85.8
86.5
20.9
65.0
67.1
68.1
45.5
21.6
2C
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1C
110.5
61.2
61.8
14.8
46.4
48.0
48.7
32.6
15.4
2C
155.8
92.0
88.9
25.6
66.4
70.5
66.9
42.3
28.3
3C
1C
71
71
71
71
71
72
72
72
71
2C
Recovery Factor(1)
(Percent)
74
74
74
75
74
74
74
76
71
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Gas Resources by unrounded Original Gas-In-Place. See Volumetric Input
Parameters for recovery factor input distributions.
Totals are the sum of multiple discovery-level probability distributions.
211.0
124.4
120.6
34.1
90.2
95.5
90.4
55.8
39.7
3C
Gross (100 Percent)

(3)
(2)
(1)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1C
0.0
0.0
Pleistocene
Upper Pliocene
Upper Pliocene
Lower Pliocene
Zone
Arithmetic Sum(2)
Probabilistic Sum
Papandayan-1
Papandayan-1
Arithmetic Sum(2)
Probabilistic Sum
Halimun-1
Halimun-1
Discovery

Figure 16.6.11
D-299
Zone
Pleistocene
Prospect
North Papandayan
0.40
Min
122,250
P95
1.00
1.00
0.55
0.70
150
155
Max
145
Min
Most
Likely
Max
Min
0.60
Min
0.25
0.70
Most
Likely
Recovery Factor
(Decimal)
0.28
Most
Likely
Max
Most
Likely
Most
Likely
1.00
Min

(SCF/ft3)
366,750
P05
Porosity
(Decimal)
Gas Saturation
(Decimal)
P50
Net-to-gross ratio is accounted for in the gross rock volume estimates.
Pleistocene
North Papandayan
(1)
Zone
Prospect
Gross Rock Volume

(Ac-ft)
Net-to-Gross Ratio(1)
(Decimal)

0.85
Max
0.31
Max
Figure 16.6.12
D-300
Pleistocene
North Papandayan
0.21
Pg
(Decimal)
134.4
207.5
Best
328.3
High
Original In-Place
Low
94.1
149.6
Best
238.2
High
Gross Recoverable
Low
27.6
42.6
Best
67.4
High
19.3
Low
30.7
Best
48.9
High
Gross Recoverable
Risked Gas (BCF)

Original In-Place
Low
Zone
Prospect
Unrisked Gas (BCF)

EAST SERUWAY PSC
OFFSHORE SUMATRA, INDONESIA
17.1
OVERVIEW
East Seruway is located in the North Sumatra Basin, offshore and close to the eastern
coastline of Sumatra, Indonesia, as shown in Figure 12.7.1, and is approximately 5,865 km2 in
area. In October 2011, KrisEnergy acquired a 100 percent working interest and operatorship of
the East Seruway PSC from Serica. Several oil and gas fields have been discovered just east
and west of the block. Vintage 2-D seismic data and 2-D data acquired in 2010 were used to
identify and map the prospective resources. Because of the wide spacing of the 2-D lines, all
of the prospective resources are subclassified as leads. In order for the leads to become
prospects, additional 2-D and/or 3-D seismic data are required.
Prospective gas resources have been estimated for eleven leads with one to three targets for
each lead. A geologic risk assessment was performed for the leads, as discussed in the
Executive Summary. We did not perform an economic analysis on these resources; as such,
the economic status of these resources is undetermined.
We estimate the gross (100 percent) prospective resources and the net unrisked and risked
prospective resources to the KrisEnergy working interest in the East Seruway PSC, as of
December 31, 2012, to be:
Subclassification/
Category
Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Gas
Cond
Gas
Cond
Gas
Cond
Gas
Cond
(BCF) (MMBBL)
(BCF) (MMBBL)
(BCF) (MMBBL)
(BCF) (MMBBL)
Leads
Low Estimate
Best Estimate
High Estimate
(1)
668.7
759.3
861.3
36.1
41.6
48.6
101.8
114.9
131.6
5.5
6.3
7.4
668.7
759.3
861.3
36.1
41.6
48.6
101.8
114.9
131.6
5.5
6.3
7.4
KrisEnergys current working interest is 100 percent in the East Seruway PSC.
volumes are expressed in MMBBL; a barrel is equivalent to 42 United States gallons. The
prospective resources shown for East Seruway PSC have been estimated using probabilistic
methods and are dependent on a petroleum discovery being made.
17.2
DATA SOURCES
utilized in our evaluation in addition to the data listed in the Executive Summary are
KrisEnergys interpreted SMT project, including grids, maps and 2-D seismic data.
17.3

East Seruway Block extends close to the eastern coast of Sumatra and is located in relatively
shallow water. The NSB U1 well lies within the block, and, according to KrisEnergy, is an
undeveloped gas discovery. Immediately to the north are two producing oil fields, and to the
southwest is KrisEnergys producing gas field, Kambuna. The tested wells in these nearby
fields report significant amounts of inert gas content (CO2 and N2).
Page 67
D-301
Within the block, five primary targets have potential for hydrocarbon accumulations, with three
being proven reservoirs in nearby fields. Two of the proven targets, the Lower Baong and
Peutu/Belumai, are clastic reservoirs, with one or both having hydrocarbon accumulation
potential in most of the leads. The third target is the unproven fractured dolomitic interval
referred to as the Pre-Rift and also has potential hydrocarbon accumulation in most of the
leads. The fourth and fifth targets are the unproven fractured granitic basement and the proven
shallow clastic Keutapang reservoir. Only one of the leads targets these intervals.
One to three reservoirs were mapped for each proposed lead. GRV estimates were based on
the structural closure and potential column height. The area for the best estimate was derived
using the maximum structural closure defined by a fault tip-out or a spill point. Reservoir
thickness in the best estimate was based on half of the column height determined from the
crest of the structure and the depth of the maximum closing contour. Only the best estimate
case was mapped; the low and high estimates are 75 percent and 125 percent, respectively, of
the best estimate.
17.4

OHIP and prospective resources for East Seruway PSC. We determined the type of
distribution and input parameters for the various volumetric parameters by individual lead and
reservoir. GRV input parameters were defined by a lognormal distribution, with input values of
P95 and P05 based on the low and high estimate cases discussed earlier. Probability ranges
for all other volumetric parameters were estimated based on analogous fields in the region and
our knowledge of similar reservoirs, since few wells have been drilled in the East Seruway
Block.
Page 68
D-302

EAST SERUWAY PSC, OFFSHORE INDONESIA
Net-to-Gross Ratio
(Decimal)
Gross Rock Volume

(Ac-ft)
Lead
Lead A
Lead A
Lead A
Lead B
Lead B
Lead B
Lead C
Lead D
Lead D
Lead D
Lead F
Lead F
Lead G1/G2
Lead G
Lead H
Lead H
Lead I
Lead I
Lead J
Lead J
Lead K
Lead K
Zone
P95
Lower Baong
Peutu/Belumai
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Keutapang
Basement
105,469
12,825
210,525
81,788
58,359
607,050
613,463
39,375
12,150
1,066,838
2,813
63,450
16,641
750,094
12,441
243,000
30,450
298,350
18,281
250,988
135,488
3,446,625
P05
Min
Most
Likely
Max
Min
Most
Likely
Max
175,781
21,375
350,875
136,313
97,266
1,011,750
1,022,438
65,625
20,250
1,778,063
4,688
105,750
27,734
1,250,156
20,734
405,000
50,750
497,250
30,469
418,313
225,813
5,744,375
0.85
0.40
0.20
0.85
0.40
0.20
0.20
0.85
0.40
0.20
0.40
0.20
0.40
0.20
0.40
0.20
0.40
0.20
0.40
0.20
0.85
0.03
0.90
0.60
0.30
0.90
0.60
0.30
0.30
0.90
0.60
0.30
0.60
0.30
0.60
0.30
0.60
0.30
0.60
0.30
0.60
0.30
0.90
0.05
0.95
0.85
0.40
0.95
0.85
0.40
0.40
0.95
0.85
0.40
0.85
0.40
0.85
0.40
0.85
0.40
0.85
0.40
0.85
0.40
0.95
0.10
0.15
0.13
0.08
0.15
0.13
0.08
0.08
0.15
0.13
0.08
0.13
0.08
0.13
0.08
0.13
0.08
0.13
0.08
0.13
0.08
0.15
0.08
0.21
0.17
0.13
0.21
0.17
0.13
0.13
0.21
0.17
0.13
0.17
0.13
0.17
0.13
0.17
0.13
0.17
0.13
0.17
0.13
0.21
0.10
0.27
0.27
0.18
0.27
0.27
0.18
0.18
0.27
0.27
0.18
0.27
0.18
0.27
0.18
0.27
0.18
0.27
0.18
0.27
0.18
0.27
0.12
P50

(SCF/ft3)
Gas Saturation
(Decimal)
Lead
Lead A
Lead A
Lead A
Lead B
Lead B
Lead B
Lead C
Lead D
Lead D
Lead D
Lead F
Lead F
Lead G1/G2
Lead G
Lead H
Lead H
Lead I
Lead I
Lead J
Lead J
Lead K
Lead K
Zone
Lower Baong
Peutu/Belumai
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Keutapang
Basement
Most
Likely
Min
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
Max
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
Lead A
Lead A
Lead A
Lead B
Lead B
Lead B
Lead C
Lead D
Lead D
Lead D
Lead F
Lead F
Lead G1/G2
Lead G
Lead H
Lead H
Lead I
Lead I
Lead J
Lead J
Lead K
Lead K
Zone
Lower Baong
Peutu/Belumai
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Keutapang
Basement
Min
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.30
Most
Likely
Most
Likely
Max
Min
Most
Likely
Max
171
171
190
181
190
219
181
162
190
219
133
152
152
171
114
133
114
133
143
171
48
76
180
180
200
190
200
230
190
170
200
230
140
160
160
180
120
140
120
140
150
180
50
80
189
189
210
200
210
242
200
179
210
242
147
168
168
189
126
147
126
147
158
189
53
84
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.90
Condensate Yield
(BBL/MMCF)
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.50
Max
Min
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.70
(Decimal)
Min
Gas Recovery Factor

(Decimal)
Lead
Porosity
(Decimal)
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
Most
Likely
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70

(Decimal)
Max
Min
Most
Likely
Max
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
110
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
Figure 17.5.1
D-303

EAST SERUWAY PSC, OFFSHORE INDONESIA
Unrisked Gas (BCF)
Pg
Lead
Lead A
Lead A
Lead A
Lead B
Lead B
Lead B
Lead C
Lead D
Lead D
Lead D
Lead F
Lead F
Lead G1/G2
Lead G
Lead H
Lead H
Lead I
Lead I
Lead J
Lead J
Lead K
Lead K
Original In-Place
Risked Gas (BCF)
Gross Recoverable
Original In-Place
(Decimal)
Low
Best
High
Low
Best
High
Low
Best
High
Low
Best
High
Lower Baong
Peutu/Belumai
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Keutapang
Basement
0.14
0.18
0.08
0.18
0.70
0.10
0.10
0.18
0.18
0.14
0.14
0.17
0.14
0.17
0.10
0.17
0.10
0.17
0.10
0.17
0.08
0.10
57.5
3.9
23.5
47.5
19.4
79.0
64.9
20.3
4.1
136.1
0.8
6.8
5.2
91.1
3.0
22.6
7.4
28.3
5.4
29.6
24.1
26.9
77.6
5.8
35.4
63.6
28.6
116.2
97.2
27.3
6.2
201.8
1.2
9.9
8.0
133.5
4.4
33.2
10.8
41.3
8.1
44.7
32.5
41.0
103.4
8.4
52.2
86.6
42.8
171.1
139.6
36.4
9.3
301.7
1.7
14.3
11.7
192.8
6.4
48.2
15.4
59.4
11.9
63.4
42.7
63.9
40.3
2.7
16.2
33.2
13.4
54.4
44.7
14.2
2.9
94.4
0.5
4.6
3.6
63.1
2.0
15.5
5.0
19.5
3.7
20.6
16.9
11.7
55.4
4.1
25.2
46.0
20.4
83.1
70.0
19.4
4.4
145.2
0.8
7.1
5.7
96.1
3.1
23.5
7.7
29.6
5.8
31.9
23.2
20.3
75.8
6.4
38.7
63.7
31.7
125.4
104.0
26.6
6.9
224.3
1.3
10.6
8.8
144.8
4.8
36.1
11.4
44.5
8.8
47.2
31.7
36.1
8.1
0.7
1.9
8.3
13.6
7.5
6.2
3.7
0.7
19.4
0.1
1.1
0.7
15.2
0.3
3.9
0.7
4.8
0.5
5.1
2.0
2.6
10.9
1.0
2.8
11.1
20.1
11.0
9.2
4.9
1.1
28.8
0.2
1.7
1.1
22.2
0.4
5.7
1.1
7.1
0.8
7.6
2.7
3.9
14.5
1.5
4.2
15.2
30.0
16.3
13.3
6.6
1.7
43.0
0.2
2.4
1.6
32.1
0.7
8.2
1.5
10.2
1.2
10.8
3.6
6.1
5.6
0.5
1.3
5.8
9.4
5.2
4.2
2.5
0.5
13.4
0.1
0.8
0.5
10.5
0.2
2.6
0.5
3.3
0.4
3.5
1.4
1.1
7.8
0.7
2.0
8.0
14.3
7.9
6.7
3.5
0.8
20.7
0.1
1.2
0.8
16.0
0.3
4.0
0.8
5.1
0.6
5.5
2.0
1.9
10.6
1.1
3.1
11.2
22.2
11.9
9.9
4.8
1.2
32.0
0.2
1.8
1.2
24.1
0.5
6.2
1.2
7.6
0.9
8.1
2.7
3.4
707.4
950.4
1,028.5
1,062.5
1,483.4
1,197.9
483.1
668.7
728.1
759.3
1,089.5
861.3
107.0
144.3
155.4
160.6
224.6
181.9
73.5
101.8
110.5
114.9
165.6
131.6
Arithmetic Sum(1)
Probabilistic Sum

Pg
Lead
Lead A
Lead A
Lead A
Lead B
Lead B
Lead B
Lead C
Lead D
Lead D
Lead D
Lead F
Lead F
Lead G1/G2
Lead G
Lead H
Lead H
Lead I
Lead I
Lead J
Lead J
Lead K
Lead K
Arithmetic Sum(1)
Probabilistic Sum
(1)
Gross Recoverable
Zone
Original In-Place
Gross Recoverable
Original In-Place
Gross Recoverable
Zone
(Decimal)
Low
Best
High
Low
Best
High
Low
Best
High
Low
Best
High
Lower Baong
Peutu/Belumai
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Pre-Rift
Lower Baong
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Peutu/Belumai
Pre-Rift
Keutapang
Basement
0.14
0.18
0.08
0.18
0.70
0.10
0.10
0.18
0.18
0.14
0.14
0.17
0.14
0.17
0.10
0.17
0.10
0.17
0.10
0.17
0.08
0.10
4.1
0.3
1.7
3.4
1.4
5.8
4.9
1.5
0.3
10.1
0.1
0.5
0.4
6.7
0.2
1.6
0.5
2.1
0.4
2.2
1.8
2.0
6.0
0.5
2.7
4.9
2.2
9.0
7.5
2.1
0.5
15.8
0.1
0.8
0.6
10.4
0.3
2.6
0.8
3.2
0.6
3.4
2.5
3.2
8.6
0.7
4.2
7.1
3.5
13.7
11.6
3.0
0.8
24.7
0.1
1.2
1.0
15.8
0.5
3.9
1.3
4.8
1.0
5.2
3.5
5.2
1.9
0.1
0.8
1.6
0.7
2.7
2.3
0.7
0.1
4.7
0.0
0.2
0.2
3.1
0.1
0.8
0.3
1.0
0.2
1.0
0.8
0.9
3.0
0.2
1.3
2.4
1.1
4.5
3.7
1.0
0.2
7.8
0.0
0.4
0.3
5.2
0.2
1.3
0.4
1.6
0.3
1.7
1.2
1.6
4.5
0.4
2.2
3.6
1.8
7.2
5.8
1.6
0.4
12.7
0.1
0.6
0.5
8.2
0.3
2.0
0.7
2.5
0.5
2.7
1.8
2.8
0.6
0.1
0.1
0.6
1.0
0.5
0.5
0.3
0.1
1.4
0.0
0.1
0.1
1.1
0.0
0.3
0.1
0.4
0.0
0.4
0.2
0.2
0.8
0.1
0.2
0.9
1.5
0.9
0.7
0.4
0.1
2.3
0.0
0.1
0.1
1.7
0.0
0.4
0.1
0.6
0.1
0.6
0.2
0.3
1.2
0.1
0.3
1.2
2.5
1.3
1.1
0.5
0.1
3.5
0.0
0.2
0.1
2.6
0.1
0.7
0.1
0.8
0.1
0.9
0.3
0.5
0.3
0.0
0.1
0.3
0.5
0.3
0.2
0.1
0.0
0.7
0.0
0.0
0.0
0.5
0.0
0.1
0.0
0.2
0.0
0.2
0.1
0.1
0.4
0.0
0.1
0.4
0.8
0.4
0.4
0.2
0.0
1.1
0.0
0.1
0.0
0.9
0.0
0.2
0.0
0.3
0.0
0.3
0.1
0.1
0.6
0.1
0.2
0.6
1.2
0.7
0.6
0.3
0.1
1.8
0.0
0.1
0.1
1.4
0.0
0.3
0.1
0.4
0.1
0.5
0.2
0.3
52.0
73.5
79.8
83.2
121.3
95.0
24.3
36.1
39.6
41.6
62.7
48.6
7.9
11.1
12.1
12.6
18.4
14.4
3.7
5.5
6.0
6.3
9.5
7.4
Figure 17.5.2
D-304
UDAN EMAS PSC
WEST PAPUA, INDONESIA
18.1
OVERVIEW
The Udan Emas PSC, which is in the early exploration stage, is located onshore West Papua
between Salawati and Papua New Guinea in the Bintuni Basin. KrisEnergy is the current
operator and has 100 percent ownership in the block, which spans approximately 5,396 km2.
Figure 18.4.1 shows a location map of the area. It is our understanding that KrisEnergy was
awarded the block on July 20, 2012.
18.2
DATA SOURCES
Data were provided to us by KrisEnergy, the operator of the properties, in both electronic and
hard copy format. The key data utilized in our evaluation in addition to the data listed in the
executive summary are:
18.3
Numerous geological papers and studies on nearby analog fields
KrisEnergys lead inventory and assessment for the block
Analysis of magnetic and gravity data collected in the block
KrisEnergys SMT project including grids, maps, and 2-D seismic data

The Udan Emas Block is located just south of the Tangguh Gas Province, where several gas
discoveries have been made. Although the block is in the early exploration phase, KrisEnergy
has compiled a significant amount of technical data on the hydrocarbon prospectivity. Through
an integration of existing 2-D seismic data, magnetic and gravity data, and the surface
geology, KrisEnergy has identified and assessed two leads in the northeast region of the block.
Unfortunately, the 1,351 km of vintage 2-D seismic data is limited and generally of poor quality,
particularly in the area near the crest of the identified leads.
The primary targets of the leads are the Roabiba and Aalenian sands of Middle Jurassic age,
which are proven gas reservoirs in the Tangguh Gas Fields, including Vorwata Field.
KrisEnergy studied these reservoirs extensively and provided the data they collected on the
depositional setting, the range of gross thickness, and the expected reservoir properties.
However, because of the limited seismic coverage across each lead and the poor quality of the
2-D seismic that currently exist in the area of these leads, we could not confidently define a
range of GRV. Thus, additional data would need to be obtained before prospective resources
could be estimated.
Page 69
D-305
NETHERLAND, SEWELL
& ASSOCIATES, INC.
13200'00"
13300'00"
13400'00"
100'00"
200'00"
Ceram Sea
W E S T PA P U A
Udan Emas
PSC
300'00"
Banda Sea
400'00"
Philippines
Philippine Sea
Kalimantan
Udan Emas
PSC
Banda Sea
Sulawesi
Australia
Java
Indian Ocean
Legend
Udan Emas PSC
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
West Papua, Indonesia
Location Map
SCALE IN KILOMETERS
0
25
50
100
Figure 18.4.1
D-306
BLOCK A
OFFSHORE CAMBODIA
19.1
OVERVIEW
Block A is approximately 150 km offshore Cambodia in water depths ranging from 200 to
260 ft. The block is located in the Khmer Basin, 50 km east of the Pattani Basin, a significant
oil and gas producer. The Khmer Basin is geologically similar in structural style to the Pattani
Basin and has been used as the analog for our evaluation of Block A. To date, 26 wells have
been drilled in Block A. Most of the success in locating oil has been in the northeastern Apsara
area, where one marginally successful vertical Apsara well and six successful deviated Pimean
Akas wells have been drilled. Oil and gas has been found primarily in Sequence 4 and, to a
lesser extent, in the slightly deeper Sequence 3. Numerous individual sands in the Pimean
Akas wells were production tested and flowed from 410 to 860 BOPD. The results of the
Pimean Akas wells form the basis for the classification of contingent and prospective
resources for the entire block.
The focus of the initial development in Block A will be in the Apsara area. Development of this
area will require several stages of phased oil development. Phase 1a plans are to drill
development wells from the A Platform, the first producing and processing platform to be
installed in the Apsara Core Development Area (ACDA). Phase 1b is designed to drill wells
from the B, C, and D Platforms in the ACDA. Phase 1c will be the appraisal drilling and
potential development of the remaining six platforms that are anticipated to be needed for fully
developing the entire Apsara geological trend on the eastern side of the basin. The Pimean
Akas-1, -2ST, -4, and -6 wells were drilled in the area to be developed in Phase 1a. The
Pimean Akas-3 and -5 and Apsara-1 wells were drilled in the Phase 1b development area.
Only a limited number of successful wells have been drilled in the southern portion of the
Apsara geologic trend. Figure 19.7.1 shows a location map of Block A.
19.1.1 CONTINGENT OIL RESOURCES

All contingent resources shown in this report for Block A are located in the Apsara area. The
contingent resources for the A Platform are contingent upon the approval of the Production
Permit Application (PPA), which was submitted to the Cambodian authorities on
September 30, 2010. If this issue is resolved, some portion of these contingent resources may
be reclassified as reserves. Economic analysis was performed to confirm commercial viability
and determine economic limits for these resources, using the price and cost parameters
discussed in the letter at the beginning of this report and in the Economics Overview section of
this technical discussion (Section 19.6).
The contingent resources shown in this report for the B and C Platforms in the Apsara area are
contingent upon (1) the collection of additional technical data, to be gathered through
delineation wells, to establish the size and commercial viability of the projects and (2) approval
of the PPA. Development in the B and C Platform areas is subclassified as development
unclarified. We did not perform an economic analysis on these resources; as such, the
Page 70
D-307
We estimate the gross (100 percent) contingent oil resources and the net contingent oil
resources to the KrisEnergy working interest in the Apsara area in Block A, as of
Gross (100 Percent)
Working Interest(1)
1C
2C
3C
1C
2C
3C
Subclassification/
Platform
Development Pending
A
Development Unclarified
B
C
Total(2)
(1)
(2)
4.9
8.6
15.0
1.2
2.0
3.6
0.8
0.1
1.4
0.3
2.5
0.7
0.2
0.0
0.3
0.1
0.6
0.2
5.8
10.3
18.1
1.4
2.4
4.3
KrisEnergys working interest in Block A is 23.75 percent.

Totals are the arithmetic sum of multiple platform-level probability
distributions and may not add because of rounding.
The oil volumes shown include crude oil only. Oil volumes are expressed in MMBBL; a barrel is
equivalent to 42 United States gallons. The contingent resources shown for Block A have been
estimated using probabilistic methods.
19.1.2 PROSPECTIVE OIL RESOURCES

Prospective oil resources have been estimated for prospects in the Apsara area and leads
outside the Apsara area (non-Apsara area) within Block A. A geologic risk assessment was
performed for these prospects and leads, as discussed in the Executive Summary. We did not
perform an economic analysis on these resources; as such, the economic status of these
resources is undetermined.
We estimate the gross (100 percent) and the net unrisked and risked prospective oil resources
to the KrisEnergy working interest in Block A, as of December 31, 2012, to be:
Subclassification/
Project
Prospects
Apsara A
Apsara B
Apsara C
Apsara D
Apsara E
Apsara F
Apsara G
Apsara H
Apsara I
Apsara J
Arithmetic Sum
Gross (100 Percent) Prospective Oil Resources

Unrisked (MMBBL)
Risked (MMBBL)
Low
Best
High
Low
Best
High
3.9
1.7
2.9
0.7
1.8
1.1
5.7
8.0
2.6
1.3
5.0
3.0
4.8
1.2
3.4
2.2
8.2
10.8
3.8
2.5
7.1
5.6
8.8
2.1
6.6
5.8
12.2
15.8
6.1
5.4
2.1
1.0
1.0
0.4
1.1
0.4
2.7
2.9
0.8
0.9
2.6
1.8
1.7
0.7
2.0
0.8
3.9
3.8
1.2
1.7
3.5
3.4
3.1
1.2
3.9
2.1
5.8
5.2
1.7
3.6
29.6
45.0
75.5
13.2
20.2
33.5
Page 71
D-308
Subclassification/
Project
Gross (100 Percent) Prospective Oil Resources

Unrisked (MMBBL)
Risked (MMBBL)
Low
Best
High
Low
Best
High
Leads
Angkea Sel
Angkea Sel South
Basit
Bokor
Da
Poulo Wai North
Poulo Wai Central
Poulo Wai South
Rotanak
11.4
5.8
13.2
22.6
13.4
9.2
6.8
4.5
6.3
13.9
8.2
16.0
26.7
16.7
11.0
8.2
5.4
8.3
17.3
11.9
19.6
31.9
21.5
13.4
9.9
6.5
11.1
3.3
1.5
5.6
6.2
4.3
2.6
2.5
1.4
1.3
4.1
2.2
6.8
7.3
5.3
3.0
3.1
1.7
1.8
5.1
3.3
8.4
8.8
6.5
3.7
3.7
2.0
2.3
Arithmetic Sum
93.2
114.4
143.3
28.7
35.2
43.9
Subclassification/
Project
Working Interest Prospective Oil Resources(1)

Unrisked (MMBBL)
Risked (MMBBL)
Low
Best
High
Low
Best
High
Prospects
Apsara A
Apsara B
Apsara C
Apsara D
Apsara E
Apsara F
Apsara G
Apsara H
Apsara I
Apsara J
0.9
0.4
0.7
0.2
0.4
0.3
1.3
1.9
0.6
0.3
1.2
0.7
1.1
0.3
0.8
0.5
1.9
2.6
0.9
0.6
1.7
1.3
2.1
0.5
1.6
1.4
2.9
3.7
1.4
1.3
0.5
0.2
0.2
0.1
0.2
0.1
0.7
0.7
0.2
0.2
0.6
0.4
0.4
0.2
0.5
0.2
0.9
0.9
0.3
0.4
0.8
0.8
0.7
0.3
0.9
0.5
1.4
1.2
0.4
0.9
Arithmetic Sum
7.0
10.7
17.9
3.1
4.8
7.9
Leads
Angkea Sel
Angkea Sel South
Basit
Bokor
Da
Poulo Wai North
Poulo Wai Central
Poulo Wai South
Rotanak
2.7
1.4
3.1
5.4
3.2
2.2
1.6
1.1
1.5
3.3
2.0
3.8
6.4
4.0
2.6
1.9
1.3
2.0
4.1
2.8
4.7
7.6
5.1
3.2
2.4
1.5
2.6
0.8
0.4
1.3
1.5
1.0
0.6
0.6
0.3
0.3
1.0
0.5
1.6
1.7
1.2
0.7
0.7
0.4
0.4
1.2
0.8
2.0
2.1
1.5
0.9
0.9
0.5
0.6
22.1
27.2
34.0
6.8
8.4
10.4
Arithmetic Sum
Note: Prospective resources by project are the probabilistic sums of

multiple probability distributions; arithmetic sums do not include the
portfolio effect that might result from statistical aggregation and may
not add because of rounding.
(1)
KrisEnergys working interest in Block A is 23.75 percent.
The oil volumes shown include crude oil only. The prospective resources shown for Block A
have been estimated using probabilistic methods and are dependent on a petroleum discovery
being made.
Page 72
D-309
19.2
DATA SOURCES
below:
19.3
Interpreted SMT project, including maps and seismic data, from Chevron Overseas
Petroleum (Cambodia) Limited (referred to herein as Chevron-Cambodia)
Digital log data for all wells in Block A
Joint Review Committee Meeting presentations, February 2011
Chevron-Cambodias Pre-Front-End Engineering and Design (Pre-FEED) Document,

March 2010
Chevron-Cambodias PAA, September 2010
Rose and Associates, LLP (Rose) 2007 and 2011 reports evaluating hydrocarbon
resources volumes and Pg for Block A
MDT, slimhole repeat formation test (SRFT), and XPT pressure and temperature data
from the Apsara-1 and Pimean Akas-1, -2ST, -3, -4, -5, and -6 wells and for several
nearby off-structure wells
Chevron-Cambodias petrophysical reports for all wells

19.3.1 BLOCK OVERVIEW
Block A consists of north-south trending fault blocks with the potential for multiple, stacked
reservoirs in each fault block, as proven in the Apsara area. The hydrocarbon source is late
Oligocene through Miocene age lacustrine sediments with maturity ranges from mature oil to
late post-mature gas. Block A reservoirs are interpreted as stacked fluvial channel sands,
predominantly less than 60 ft thick and separated by shale sequences. Hydrocarbon traps are
typically three-way fault closures with the potential to have additional stratigraphic traps
resulting from the channel sands being trapped against the faults or lateral pinch-outs of the
sands into associated shale intervals.
Reservoir production performance in Block A is limited to the production tests in the Apsara-1
and Pimean Akas-2ST and -4 wells. In general, the oil has relatively low GORs compared to
Block B8/32 and high wax content, suggesting the potential for low primary recovery efficiency.
The reservoirs are generally similar to the reservoirs in the Pattani Basin, where development
wells are drilled high and tight within a fault block. This translates to drilling wells high on
structure and as tight or close to the footwall of a fault as possible.
Eocene to Pleistocene clastic sediments are widely spread throughout the Khmer Basin and
are typically divided into 8 sequence units based on a chronostratigraphic framework. These
stratigraphic sequences are numbered from 1 (oldest) to 8 (youngest). Sequence 3 sands are
predominately fluvial and thin-bedded. This is the deepest sequence with logged commercial
hydrocarbons in the area. Based on the 26 wells drilled in the Khmer Basin, hydrocarbonbearing reservoirs in Sequence 3 are mostly observed in the uppermost section of the interval.
Page 73
D-310
The net-to-gross ratio for Sequence 3 is somewhat less than 5 percent. Sequence 4 is the
main hydrocarbon-bearing interval in Block A. This sequence has been penetrated by all of the
wells and is approximately 2,000 ft thick. The net-to-gross ratio is also approximately
5 percent. Hydrocarbon-bearing sands in Sequence 4 were tested in several of the Pimean
Akas wells, and this sequence is expected to be the most important reservoir in the area.

KrisEnergy provided an SMT project for Block A that contained seismic data for the Apsara
area, log curve data for all wells in the block, time horizons, depth grids, and well tops for
Sequences 3 and 4. Our analysis for both contingent and prospective resources was limited to
these two sequences. KrisEnergy provided a petrophysical analysis with reservoir tops and
bases, net feet of pay, hydrocarbon type, and reservoir parameters (average porosity, average
water saturation, and average shale volume) for each oil and gas interval for each of the
Block A wells.
Our geological mapping methodology and ultimate GRV calculations were based on the
ranges of potential areal extent of the hydrocarbons and the associated gross thickness of a
sequence. Some of the fault blocks in ACDA had productive wells and are classified as
contingent resources, while the majority of the fault blocks have no wells and were therefore
classified as prospective resources. We mapped minimum and maximum cases for our low
and high estimates for Sequences 3 and 4. For each sequence, we estimated the areal
hydrocarbon potential for two different types of hydrocarbon traps: structural traps and
stratigraphic traps.
The volumetric calculation methodology for the structural traps utilized the top of the structure
maps for Sequences 3 and 4. For the low estimate, we used an oil column height of
approximately 55 ft to define the areal extent of the hydrocarbons for each fault block. For the
high estimate, we extended the potential hydrocarbons below the 55-ft oil column height but
limited the area to an associated fault tip-out or structural spill point. The majority of the
hydrocarbons found in the Pimean Akas wells were stratigraphically located in the lowermost
section of Sequence 4 and the uppermost section of Sequence 3. Because of this, we elected
to use an average of the areas that had been mapped at the top of Sequence 4 and the top of
Sequence 3 as the area for Sequence 4. For Sequence 3, we used the mapped area from the
top of Sequence 3 alone. For contingent resources, the area for each sequence was multiplied
by the gross thickness of the discovery well for that sequence. For the prospective resources
associated with Sequence 4, we used an average gross thickness of 2,059 ft in the low
estimate and 2,185 ft in the high estimate. For the prospective resources associated with
Sequence 3, we used average gross thicknesses of 549 ft and 1,040 ft in the low and high
estimates, respectively. These areas and thicknesses resulted in the low and high estimates
for the structural trap GRVs for Sequences 3 and 4.
The positioning of wells by COTL in the Pattani Basin fields indicates that some of the
hydrocarbons found in the Pattani Basin must be due to stratigraphic traps. The volumetric
calculation methodology used for calculating GRVs for the stratigraphic traps was different
than the methodology used for the structural traps. Areas along the fault trace of the low and/or
high estimate closure for each of the fault blocks in Sequences 3 and 4 were mapped and
included as additional stratigraphic areas in the GRV calculations. We calculated the area
approximately 1 to 2 km away and semi-parallel to the fault trace. This area continued along
the fault trace until the fault died, merged with another fault, or encountered a structural spill
point. This area was exclusive of the high estimate structural area previously discussed. We
used the same averaging techniques and thicknesses for the stratigraphic areas as were used
for the structural areas. The GRVs associated with the mapped stratigraphic areas were only
included in the high estimate for both contingent and prospective resources.
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D-311
In addition to mapping the structural and stratigraphic areas for each fault block, we also
estimated and applied a Pg. As expected, the structural traps have a higher Pg than the
stratigraphic traps, and the Pg declines as the prospects or leads get farther away from the well
control. Contingent resources and fault blocks with productive wells have a 100 percent Pg,
while untested fault blocks with prospective resources have Pgs that range from 10 to
80 percent, based on their locations in the block. In general, fault blocks in the far western and
southern areas of Block A have a lower Pg than those closer to the Pimean Akas wells.
We mapped the low and high estimates for 7 fault blocks with contingent resources and
112 fault blocks with prospective resources, as shown in Figures 19.7.2 through 19.7.5.
Figures 19.7.6 and 19.7.7 show summaries of the GRV and Pg parameters by area or platform,
fault block, and sequence used in our prospective resources assessment.
19.4
The greatest uncertainty in the petrophysical analysis was formation water salinity.
Consequently, two water saturation solutions were estimated, each based on a different
assumption of salinity as described below:
Case 1:
Rw = 0.90 ohm-m at 75F

determined from an average Pickett plot trend
Case 2:
Rw = 0.59 ohm-m at 75F

the average of documented produced water samples
Average reservoir properties were computed using an effective porosity cutoff of greater than
or equal to 12 percent, effective water saturation of less than or equal to 60 percent, and shale
volume of less than or equal to 40 percent. The well logs for Pimean Akas-2ST and -4, with
interpreted net pay, are shown in Figures 19.7.8 and 19.7.9. The calculated net pay, porosity,
and water saturation are shown in Figure 19.7.10.
19.5

19.5.1 WELL TEST SUMMARY
Seven well tests have been performed in three of the Apsara discovery wells. Two of the tests
were in the Sequence 3 pays, with the rest in the Sequence 4 interval. The two Sequence
3 tests were in the Apsara-1 well and were the only poor tests in the Apsara area. However,
these intervals are also in nonpay intervals based on our petrophysics. All well tests are
summarized in Figure 19.7.11.
19.5.2 RESERVOIR PROPERTIES

Fluid samples were collected from several of the Pimean Akas exploration wells for analysis.
Fluid properties were provided by KrisEnergy. The following table shows the key fluid
properties used in our analysis:
Fluid Property
Oil Gravity (API)
Gas Gravity (specific gravity)
GOR (SCF/STB)
Value
38
0.67
350
Page 75
D-312
Temperature and bottomhole pressure (BHP) information were obtained from the Pimean Akas
and Apsara exploration wells. From these data, the following depth-dependent functions were
developed for the contingent resources evaluation to determine temperature and BHP based
on an average reservoir datum depth:
Reservoir temperature (F) = Datum depth (ft TVDSS) * 0.0250 (F/ft TVDSS) + 91.49 (F)
BHP for datum depths above 7,800 ft TVDSS
BHP (psig) = Datum depth (ft TVDSS) * 0.4336 (psig/ft TVDSS) - 12.14 (psig)
BHP for datum depths below 7,800 ft TVDSS
BHP (psig) = Datum depth (ft TVDSS) * 1.4415 (psig/ft TVDSS) - 7,797.82 (psig)
An initial oil FVF was calculated for each of the contingent resources fault blocks based on
these fluid and reservoir properties. The prospective resources FVFs were an average of the
contingent resources FVFs by sequence.

19.5.3.1 Contingent Oil Resources
A probabilistic spreadsheet model was constructed to calculate 1C, 2C, and 3C OOIP and
contingent resources for the A, B, and C Platforms in the Apsara area. We determined the type
of distribution and input parameters for the various volumetric parameters by well or fault block
and sequence. GRV input parameters were assigned a lognormal distribution with P95 and
P05 input values based on the low and high estimates discussed earlier. Case 1 petrophysics
were determined to be the most appropriate for the Sequence 3 intervals while the Case
2 petrophysics were most appropriate for the Sequence 4 intervals.
All volumetric input parameters are summarized in Figure 19.7.12. The resulting OOIP and
in Figure 19.7.13. The majority of these contingent resources are in the A Platform area.
19.5.3.2 Prospective Oil Resources

Additional probabilistic spreadsheet models were constructed to calculate low, best, and high
OOIP and prospective resources. We determined the type of distribution and input parameters
for the various volumetric parameters by individual prospect or lead and sequence. GRV input
parameters were assigned a lognormal distribution with P99 or P90 input values based on the
low estimate cases and P05 input values based on the high estimate cases discussed earlier.
Net-to-gross ratio, porosity, hydrocarbon saturation, and FVF are based on the petrophysical
calculations and PVT data available. The table below shows the minimum, average, and
maximum petrophysical parameters calculated from the Pimean Akas wells in the Apsara area:
Parameter
Net-to-Gross Ratio (decimal)
Porosity (decimal)
Water Saturation (decimal)
Minimum
Sequence 3
Average Maximum
0.02
0.14
0.33
0.03
0.15
0.44
0.05
0.16
0.52
Minimum
0.03
0.16
0.28
Sequence 4
Average Maximum
0.04
0.18
0.34
0.05
0.19
0.44
Note: Sequence 3 and Sequence 4 values are based on the Case 1 and Case 2 petrophysical
calculations, respectively.
Page 76
D-313
Recovery factors are based on analogous fields in the region and are similar to those used for
the contingent resources evaluation.
All volumetric input parameters are summarized in Figures 19.7.14 and 19.7.15. The resulting
unrisked and risked OOIP and gross (100 percent) prospective resources calculated in the
probabilistic model are summarized in Figures 19.7.16 and 19.7.17.
19.6
ECONOMICS OVERVIEW
Economics have been run for the A Platform development.
CAPEX estimates for the A Platform are based on budget information presented by ChevronCambodia in the December 2012 OCM and TCM. From this information, future platform
facilities and pipeline costs are estimated to be $73.5 million. Drilling and completion costs,
along with other nondevelopment costs, are estimated to be $105.5 million. Additional CAPEX
of $15.0 million are included for the abandonment of the platform and wells at the economic
limit. Details of our CAPEX estimates are shown in Figure 19.7.18.
OPEX estimates for the A Platform are based on budget information provided by KrisEnergy.
Upon first oil in the second quarter of 2016, primary OPEX will include the lease of a FSO at a
daily rate of $75,000 and other fixed operating costs estimated at $30 million annually. These
fixed operating costs include petroleum agreement fees and general and administrative,
consulting, fuel, and other miscellaneous fees. Details of the OPEX estimates by expense
category are shown in Figure 19.7.19.
Fiscal Terms
Contract Type
Operator
First Production
Interest
Carried Interest
KrisEnergy During Carry (%)
PSC Royalty (%)

KrisEnergy
June 1, 2016 Cost Recovery Limit (%)
-4.00
23.75 Contractor Profit Gas (%)
CNPA
25.00 Tax on Net Profits (%)
12.50
90.00
38.00 to 58.00
65.00
25.00
Summary projections of estimated contingent oil resources and cash flow to the KrisEnergy
interest are shown in Figures 19.7.20 through 19.7.22.
Page 77
D-314
NETHERLAND, SEWELL
& ASSOCIATES, INC.
10100'00"
10130'00"
10200'00"
10230'00"
1100'00"
1030'00"
Block A
Rotanak
Angkea Sel
Poulo Wai
North
Block B9A
ACDA
Angkea Sel
South
1000'00"
Apsara
Basit
Bokor
Block B8/32
Poulo Wai
South
Poulo Wai
Central
930'00"
Rossukon
Da
Block G6/48
900'00"
Cambodia
Blocks B8/32
and B9A
Gulf of
Thailand
Th
ai
Block A
la
nd
Vietnam
Block G6/48
South China Sea
Legend
Blocks A, B8/32, B9A, and G6/48
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Gulf of Thailand
Location Map
SCALE IN KILOMETERS
0
15
30
45
Figure 19.7.1
D-315
NETHERLAND, SEWELL
& ASSOCIATES, INC.
857,772
862,772
-57
- 59
-6
852,772
45
10
900
- 650
-6150
-6150
- 64
5
-6
00
- 6350
-5
- 62
00
- 6200
-63
50
Apsara Area
- 62
15
950
- 5 95
-6
00
- 62
-6
30 0
50
TS4- PA-4-4
40
35
-6
-6
1,103,160
30
60
-6
50
1,103,160
- 6 200
Platform
I
50
- 6300
-64
TS4- PA-6-7
TS4- PA-6-4
-6
50
0
- 6400
55
-5
- 63
- 655
- 6400
-6
50
- 620
- 6200
- 6500
TS4- PA-6-3
TS4- PA-6-6
- 6550
0
- 6200
50
50
- 6450
0
-63
7008
40
Pimean Akas -3
-6
62
Apsara-1
-67
50
0
5
- 62
400
Platform F
8
- 6
- 6350
-6
80
- 6250
-6
0
675
50
00
00
- 6250
45
55
66
70
50
-6
- 67
50
67
-68
-6150
50
50
62
- 64 0
- 63
-6
00
-6
-6
67
6591
00
0
- 665
65
650
- 6700
-6
50
7776Pimean Akas -5
- 645 00
0
- 65- 655
-67
3 50
- 6 350
60
65
00
- 66
- 6 400
1,098,160
50
-6
Platform C
1,098,160
- 65
50
Platform B
-6
- 6450
- 6 500
-6
4
-6
- 62
0
55
- 6650
Platform D
7290Pimean Akas -1
0 5 0 0055
40 4 5 6
- 6 - 6 - 6 -0 0
-6
00
-6
55
TS4- AP-1-1
TS4- PA-1-1
- 6600
00
-650
-6
Pi mean Akas-2ST
7720
TS4- PA-2-1
5
-61
-61
00
00 5 0
- 63 - 3
66
TS4- PA-4-1
- 6100
- 6350
0
- 640
50
- 6 50 0
-64
TS4- PA-2-3
6
TS4- PA-2-2 TS4- AP-1-2
- 6 600
05
- 605
- 61
- 655
-6
TS4- PA-4-2
0 Pimean Akas -4
7483
-625
50
TS4- PA-6-5
Platform
A
TS4- PA-2-4
- 6500
Pimean Akas -6
- 6350
- 64
60
7449
TS4- PA-2-5
00
50
-6
-6
-6
Platform J
-
- 615
TS4- PA-4-3
50
3
-6
-65
00
60
- 67
-6
- 6750
50
0
Ba Kheng Thampol-1
62
70
00
-6
- 6250
4
-6
65
85
0
1,093,160
-6
-6
0
40
1,093,160
-6
Platform E
- 6800
7260
-6
852,772
857,772
862,772
Map Projection: Indian 1975; Everest 1830 Ellipsoid (1937 Adjustment)
Apsara Area
Legend
Structural High
Side
Stratigraphic
High Side
Block A, Offshore Cambodia
Depth Structure
Top Sequence 4
Minimum Potential Oil
Structural Low
Side
Contingent
Resources
Contingent
Resources
Contingent
Resources
Prospective
Resources
Prospective
Resources
Prospective
Resources
Faults
Contour Interval: 50 ft
SCALE IN METERS
0
1,250
2,500
5,000
Figure 19.7.2
D-316
NETHERLAND, SEWELL
& ASSOCIATES, INC.
857,772
862,772
0
-57
- 59
10
900
- 6 50
- 6150
- 6150
-64
50
-6
00
-6350
-5
-625
00
-6200
5
-63
-62
300
00
50
-6
-6
60
30
400
35
-6
-6
TS4- PA-4-4
- 61 5
- 6550
-6350
-6
TS4- PA-6-5
Platform
A
45
-6
0
- 65 5
Pimean Akas -6
60
7449
00
50
-6
-6
-6
TS4- PA-2-5
- 61
50
0 0 35 0
50
7008
40
Pimean Akas -3
-6
62
50
62
- 6250
50
- 6250
-62
400
Platform F
8
- 6
- 6 35 0
-6
80
-6
350
00
- 67
35 0
50
-6
750
-6
45
55
00
800
-6 150
66
70
50
-6
-67
50
67
-6
-6
50
- 640
- 6400
650
50
00
6591
6650
65
-67
-6700
00
-66
-6
- 645 0
0
0
- 65- 655
-6
-6
-
Apsara-1
- 6 3 50
60
67
-6
1,098,160
50
-6
65
7776Pimean Akas -5
00
- 65
50
Platform 6 B
- 6450
- 6500
-6
Platform C
Platform D
7290Pimean Akas -1
-6
55
- 6650
-62
-6
0
0 50 0055
40 4 5 6
- 6 - 6 - 6 -00
- 6600
00
-6
55
-63
TS4- AP-1-1
-6450
0
- 650
-6
TS4- PA-1-1
5
- 61
-61
00
- 63
66
TS4- PA-4-1
6
TS4- AP-1-2
00
- 6200
TS4- PA-2-3
Pi mean Akas-2ST
7720
TS4- PA-2-1
05
- 605
- 625
- 6350
0
- 640
- 6500
TS4- PA-4-2
0 Pimean Akas -4
7483
0
- 645
- 6500
TS4- PA-2-4
TS4- PA-2-2
1,098,160
-6
TS4- PA-4-3
Platform J
- 6600
- 595
1,103,160
50
1,103,160
950
- 62
TS4- PA-6-3
TS4- PA-6-6
15
Platform
I
0
- 6300
- 64
TS4- PA-6-7
TS4- PA-6-4
-6
- 6200
50
0
- 6400
55
Apsara Area
-6
-5
3
-6
- 655
- 6400
-620
- 6200
- 6500
-61 0
0
-6
852,772
45
50
3
-6
-65
50
00
60
- 67
-6
- 6750
0
Ba Kheng Thampol-1
5
40
-6
70
00
-6
-6
- 6250
7260
-64
85
0
65
0
1,093,160
-6
Platform E
-680 0
62
1,093,160
-6
852,772
857,772
862,772
Apsara Area
Legend
Structural High
Side
Stratigraphic
High Side
Depth Structure
Top Sequence 4
Maximum Potential Oil
Structural Low
Side
Contingent
Resources
Contingent
Resources
Contingent
Resources
Prospective
Resources
Prospective
Resources
Prospective
Resources
Faults
SCALE IN METERS
0
1,250
2,500
5,000
Figure 19.7.3
D-317
NETHERLAND, SEWELL
& ASSOCIATES, INC.
857,772
862,772
0
60 0
- 88 80
-
- 77
852,772
10
00
- 85
-8100
-8
60
-7
70 0
00
0
- 820
00
84
8500
-86 00
- 82
83
00
3
-8
0
-8 50
00
-8
4
-86 0
-8
2
7483
8600
70
Platform C
00
00
9
-8
- 8600
- 84
70
50 0
-8
00
- 8 48 6 00
-
- 90
00
- 8 600
-8
870
- 860
- 870
80
-860
-8
70
-8
00
-9
- 8600
2
-9
Platform F
00
00
- 900
- 89
- 84
-8900
00
- 85
870
-85
00
1
-9
90
00
7260
-9
00
96
852,772
1
-9
10
1,093,160
00
00
50
80
-8
0
10
-9
00
90
00
-85
3
-9
Ba Kheng Thampol-1
-9
-9
Platform E
70
-8
00
-9
00
-8
-90
0
- 9 30
1,093,160
- 83
-8
92
-88
0
-90
- 92 0
90
- 89
00
- 84
0
7776Pimean Akas -5
40
6591
0
- 890
00
- 910
0 00
Platform B
-8
1,098,160
00
5
-8
- 88
90
Apsara-1
- 8500
-8 6
Platform D
40 0
-8
8
- 8
-86
00
- 85 0 0
7008
Pimean Akas -3
00
7290
Pimean Akas -1
0
-9
-850
-8
00
8
-8
00
TS4- PA-1-1
86
-8
70 0
TS4- AP-1-1
- 8600
- 88 0 0
8
TS4- PA-4-15 0
0
-8
TS4- PA-2-2 TS4- AP-1-2
5
Pi mean Akas-2ST
7720
1,098,160
-8600
TS4- PA-2-3
TS4- PA-2-1
00
TS4- PA-4-2
Pimean Akas -4
0
- 840
- 8500
50
-8
0
-84 0
850
- 8700
00
- 840
00
70
-8
0
- 88
00
- 90
000
TS4- PA-6-5
Platform
A
TS4- PA-2-4
1,103,160
87
00
Pimean Akas -6
7449
00
0
-840
200
-8
00
TS4- PA-4-3
00
TS4- PA-2-5
-81
00
- 86
-83
- 85
-9
0
- 80
TS4- PA-4-4
-9 0
90
00
0
84
10
1,103,160
TS4-- PA-6-7
8
00
Platform J
-8
TS4- PA-6-3
TS4- PA-6-6
85
-9
79
TS4- PA-6-4
00
00
Platform
I
880
00
-79
3
-8
00
00
85
00
- 890
0
84
- 8500
Apsara
Area
- 7
00
-8
78
- 83
00
0
-78
-8
00
- 8400
0
- 89
857,772
862,772
Apsara Area
Legend
Structural High
Side
Stratigraphic
High Side
Depth Structure
Top Sequence 3
Minimum Potential Oil
Structural Low
Side
Contingent
Resources
Contingent
Resources
Contingent
Resources
Prospective
Resources
Prospective
Resources
Prospective
Resources
Faults
SCALE IN METERS
0
1,250
2,500
5,000
Figure 19.7.4
D-318
NETHERLAND, SEWELL
& ASSOCIATES, INC.
857,772
862,772
00
0
60 0
- 8880
-
-7
852,772
00
- 85
-8100
-8
60
-7
70 0
00
0
- 820
00
84
8500
-86 00
- 82
83
00
3
-8
0
- 850
-860
0
0
- 850
0
-860
- 85 0 0
00
-8
00
- 8 84 6 00
-
- 90
00
500
-8
870
- 860
- 8 600
- 870
80
00
- 860
-8
70
-8
00
00
00
2
-9
-9
Platform F
- 84
- 8900
- 84
- 8600
0
70
-8
- 900
90
1
-9
- 89
870
-85
00
-85
00
00
-8
-90
-9
-85
7260
-9
00
96
852,772
1
-9
10
1,093,160
00
00
50
80
-8
0
10
-9
00
90
30
Ba Kheng Thampol-1
-9
-9
1,093,160
-88
00
10
Platform E
70
-8
-8
- 89
90
00
92
- 90
- 920
-9
-83
- 84
00
- 8 600
0
- 890
90
40
1,098,160
00
- 8500
5
-8
-8
- 910
0 00
00
- 9 300
-8
6591
7776Pimean Akas -5
400
8
-8
-88
00
Apsara-1
Platform D
- 840
- 8500
00
-8
4
00
70
0
-86
-86
Platform C
- 8600
- 8800
86
-8
00
00
90
1,098,160
- 860 0
-8
8
-8
00
7008
Pimean Akas -3
Platform B
1,103,160
0
70 0
TS4- AP-1-1
00
7290
Pimean Akas -1
0
00
0
-840
850
- 8700
-8
2
7483
8
TS4- PA-4-15 0
0
-8
TS4- PA-2-2 TS4- AP-1-2
Pi mean Akas-2ST5
TS4- PA-1-1
20 0
-8
- 840
00
70
-8
0
- 88
00
- 90
000
TS4- PA-2-3
7720
- 840
TS4- PA-4-2
Pimean Akas -4
TS4- PA-2-1
00
50
-8
00
00
87
00
Pimean Akas -6
7449
-81
TS4- PA-4-3
TS4- PA-6-5
Platform
A
TS4- PA-2-4
-8 3
- 85
-9
- 80
00
- 86
TS4- PA-2-5
-9
00
10
1,103,160
4
-8
TS4- PA-4-4
-9 0
-90
TS4-- PA-6-7
8
00
Platform J
79
0
0
TS4- PA-6-3
TS4- PA-6-6
8
5
-9
00
Platform
I
-8
TS4- PA-6-4
00
-79
3
-8
880
00
00
00
85
00
- 890
84
- 8500
Apsara
Area
- 7
00
-8
78
-83
00
0
-78
-8
00
- 84 0 0
0
- 89
857,772
862,772
Apsara Area
Legend
Structural High
Side
Stratigraphic
High Side
Depth Structure
Top Sequence 3
Maximum Potential Oil
Structural Low
Side
Contingent
Resources
Contingent
Resources
Contingent
Resources
Prospective
Resources
Prospective
Resources
Prospective
Resources
Faults
SCALE IN METERS
0
1,250
2,500
5,000
Figure 19.7.5
D-319
SUMMARY OF GROSS ROCK VOLUME

AND GEOLOGIC CHANCE OF SUCCESS PARAMETERS
APSARA AREA PROSPECTS, BLOCK A, OFFSHORE CAMBODIA
Area(1) (acres)
Gross
Thickness (ft)
Platform
(1)
Fault Block
Low
Pg Factors (decimal)
High
Low
High
Sequence
Low
High
Struc
Strat
Struc
Strat
Struc
Strat
Struc
Strat
Pg
(decimal)
A
A
A
A
B
C
C
C
C
D
E
E
F
F
F
F
G
G
G
G
H
H
H
H
H
H
H
H
I
I
I
J
East 1
East 2
North
PA-6 1
West
East
Northwest
PA-3
South
Middle
East
Middle
Far West
Middle East
Near West
Southeast
East
Far East
Far West
West
East
Far East
Middle
Northwest
South
Southeast
Southwest
West Middle
East
Far East
Northwest
East
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
55
55
103
65
136
28
45
76
80
152
206
219
103
26
90
56
25
187
130
48
121
181
151
148
117
401
233
66
338
103
593
75
73
157
379
630
307
26
90
56
25
393
223
78
526
225
75
250
437
175
194
137
55
281
194
183
177
100
122
371
201
75
26
432
385
215
202
49
140
301
99
396
134
110
0.50
0.50
0.60
0.80
0.70
0.50
0.30
0.50
0.70
0.80
0.50
0.75
0.40
0.30
0.70
0.30
0.50
0.50
0.40
0.50
0.80
0.40
0.40
0.40
0.70
0.60
0.30
0.30
0.40
0.60
0.50
0.50
0.50
0.50
0.40
0.50
0.30
0.30
0.70
0.30
0.50
0.40
0.30
0.40
0.60
0.25
0.25
0.40
0.20
0.20
0.20
0.30
0.50
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.50
0.20
0.20
0.10
0.20
0.20
0.40
0.30
0.20
0.20
0.10
0.30
0.40
0.41
0.43
0.50
0.75
0.61
0.37
0.26
0.45
0.10
0.56
0.65
0.15
0.18
0.15
0.18
0.21
0.44
0.15
0.15
0.63
0.35
0.10
0.21
0.52
0.26
0.47
0.44
0.10
0.33
0.05
0.42
0.68
A
A
A
A
A
A
A
B
B
C
C
C
C
D
E
E
F
F
F
F
G
G
G
G
H
H
H
H
H
H
H
I
I
I
I
I
J
East 1
East 2
North
Northeast
PA-1
PA-6 1
PA-6 2
Far Northwest
West
East
Far East
North
South
Middle
East
Middle
Far West
Middle East
Near West
Southeast
East
Far East
Far West
West
East
Far East
Middle
Northwest
South
Southwest
West Middle
East
Far East
Far Northwest
Northeast
Northwest
East
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
56
30
105
80
33
56
165
158
133
160
50
68
42
62
75
25
80
165
100
38
50
75
104
55
40
75
85
65
131
144
150
103
310
265
425
291
150
347
150
145
80
390
310
335
50
383
195
370
75
592
45
13
170
203
400
177
104
110
304
99
163
155
200
132
362
229
150
52
400
379
275
101
132
290
418
125
-
0.60
0.60
0.60
0.70
0.80
0.70
0.70
0.70
0.70
0.40
0.40
0.50
0.70
0.60
0.50
0.50
0.50
0.40
0.40
0.30
0.40
0.40
0.25
0.30
0.40
0.75
0.60
0.60
0.50
0.50
0.60
0.50
0.50
0.60
0.50
0.30
0.30
0.50
0.40
0.40
0.50
0.30
0.30
0.20
0.40
0.30
0.25
0.20
0.40
0.40
0.30
0.30
0.40
0.40
0.20
0.30
0.40
0.40
0.40
0.30
0.20
0.30
0.25
0.25
0.20
0.20
0.25
0.20
0.20
0.20
0.20
0.10
0.20
0.20
0.10
0.10
-
0.55
0.58
0.55
0.60
0.65
0.60
0.60
0.65
0.58
0.10
0.35
0.35
0.40
0.55
0.54
0.20
0.43
0.10
0.42
0.41
0.34
0.10
0.10
0.34
0.25
0.10
0.10
0.10
0.30
0.34
0.10
0.25
0.05
0.25
0.05
0.40
0.58
Areas shown for Sequence 4 are the average of the areas mapped at the top of Sequence 4 and Sequence 3.
Figure 19.7.6
D-320

NON-APSARA AREA LEADS, BLOCK A, OFFSHORE CAMBODIA
Area(1) (acres)
Gross
Thickness (ft)
Area/Fault Block
Angkea Sel
SS-2
A
B
C
D
E
F
G
H
Angkea Sel South
C
D
E
Basit
ST-1
A
B
C
D
E
FGH
I
J
Bokor
A
B
C&D
E
F
G
H
I
J
Da
DA-1
A
B
C
D
E
F
G
Poulo Wai North
A
C
D
E
F
G
H
I
Poulo Wai Central
SP-1
A
B
C
D
F
H
Poulo Wai South
A
B
C
D
E
F
Rotanak
A
B
D
(1)
Low
High
Low
High
Sequence
Low
High
Struc
Strat
Struc
Strat
Struc
Strat
Struc
Strat
Pg
(decimal)
4
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
70
123
139
105
21
124
94
108
199
433
36
139
421
21
218
94
427
16
66
205
177
28
94
-
1.00
0.25
0.30
0.15
0.10
0.25
0.30
0.30
0.70
0.25
0.10
0.30
0.20
0.10
0.20
0.30
0.25
0.10
0.10
0.10
0.25
0.10
0.20
-
0.83
0.24
0.10
0.29
0.18
0.10
0.23
0.28
0.28
4
4
4
2,059
2,059
2,059
2,185
2,185
2,185
181
180
83
573
781
147
28
0.25
0.40
0.25
0.20
0.25
0.20
0.10
0.23
0.33
0.22
4
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
126
77
192
282
104
137
18
42
213
77
697
282
104
15
195
18
285
149
27
193
241
118
19
38
-
1.00
0.40
0.30
0.60
0.25
0.27
0.20
0.60
1.00
0.40
0.20
0.60
0.25
0.10
0.26
0.20
0.40
0.50
0.10
0.40
0.20
0.30
0.20
0.20
-
0.90
0.36
0.25
0.56
0.23
0.28
0.26
0.20
0.50
4
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
254
478
194
63
143
193
104
141
94
678
899
542
211
444
403
393
237
171
72
105
244
34
0.30
0.30
0.30
0.20
0.50
0.30
0.30
0.20
0.30
0.20
0.20
0.30
0.20
0.40
0.20
0.30
0.20
0.30
0.10
0.20
0.10
0.30
0.25
0.25
0.30
0.20
0.45
0.23
0.30
0.20
0.30
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
130
235
102
242
106
136
-
316
355
159
81
862
375
436
88
83
156
120
1.00
0.30
0.40
0.30
0.30
0.20
-
0.40
0.30
0.40
0.10
0.20
0.30
0.20
0.10
0.20
0.10
0.10
0.70
0.30
0.37
0.10
0.25
0.30
0.20
0.10
4
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
2,185
162
113
50
83
45
81
190
47
448
113
50
83
45
81
249
72
70
44
145
94
75
69
-
0.40
0.40
0.30
0.30
0.20
0.25
0.20
0.30
0.20
0.40
0.30
0.30
0.20
0.25
0.20
0.30
0.10
0.10
0.30
0.20
0.20
0.20
-
0.29
0.36
0.30
0.30
0.20
0.24
0.20
0.30
4
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
2,185
61
92
36
65
63
92
80
98
259
90
65
168
161
126
32
40
67
118
75
1.00
0.30
0.30
0.20
0.40
0.30
0.30
1.00
0.30
0.30
0.20
0.40
0.30
0.30
0.50
0.20
0.30
0.40
0.20
0.94
0.30
0.30
0.20
0.39
0.32
0.28
4
4
4
4
4
4
2,059
2,059
2,059
2,059
2,059
2,059
2,185
2,185
2,185
2,185
2,185
2,185
60
81
32
65
115
92
81
11
32
108
115
24
83
102
30
19
131
0.50
0.40
0.10
0.30
0.30
0.50
0.40
0.10
0.10
0.30
0.30
0.10
0.30
0.10
0.10
0.10
0.30
0.46
0.37
0.10
0.10
0.29
0.30
4
4
4
2,059
2,059
2,059
2,185
2,185
2,185
108
269
121
246
654
256
115
70
0.20
0.20
0.30
0.10
0.20
0.30
0.10
0.20
0.15
0.20
0.29
Figure 19.7.7
Page 1 of 2
D-321

Area(1) (acres)
Gross
Thickness (ft)
Area/Fault Block
Angkea Sel
SS-2
A
B
C
D
E
F
G
H
Angkea Sel South
A
B
C
D
E
Basit
ST-1
A
B
C
D
E
FGH
I
J
Bokor
A
B
C&D
E
F
G
H
I
J
Da
DA-1
A
B
C
D
E
F
G
Poulo Wai North
A
B
C
D
E
F
G
H
I
Poulo Wai Central
SP-1
A
B
C
D
E
F
G
H
Poulo Wai South
A
B
C
D
E
F
G
Rotanak
A
B
C
D
(1)
Low
High
Low
High
Strat
Struc
Strat
Struc
Strat
Pg
(decimal)
217
441
71
115
245
15
183
42
495
31
132
110
233
7
83
-
1.00
0.25
0.30
0.30
0.25
0.10
0.35
0.30
0.30
0.50
0.20
0.30
0.30
0.25
0.10
0.30
0.30
0.25
0.30
0.20
0.25
0.20
0.10
0.20
-
0.74
0.23
0.28
0.27
0.25
0.10
0.33
0.27
0.28
45
50
512
888
25
40
35
56
0.30
0.30
0.25
0.40
0.25
0.30
0.30
0.20
0.20
0.25
0.20
0.20
0.20
0.28
0.28
0.23
0.30
0.23
95
82
25
193
156
30
120
15
30
268
82
806
193
156
30
197
15
265
140
35
276
336
127
13
32
-
1.00
0.40
0.30
0.60
0.34
0.20
0.20
0.20
0.30
0.50
0.40
0.20
0.60
0.34
0.20
0.20
0.20
0.25
0.40
0.20
0.30
0.28
0.20
0.10
0.10
-
0.73
0.37
0.25
0.51
0.32
0.20
0.20
0.17
0.28
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
253
382
80
63
132
237
93
145
89
546
382
399
121
265
374
468
269
243
143
164
-
0.40
0.30
0.30
0.25
0.50
0.40
0.30
0.25
0.30
0.35
0.30
0.30
0.20
0.40
0.20
0.20
0.20
0.30
0.20
0.20
-
0.38
0.29
0.30
0.23
0.45
0.30
0.25
0.23
0.30
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
129
199
68
125
173
149
180
75
129
439
182
161
1,043
241
454
175
60
-
1.00
0.30
0.40
0.30
0.30
0.30
0.30
0.25
1.00
0.20
0.30
0.20
0.10
0.30
0.25
0.20
0.20
-
1.00
0.25
0.35
0.25
0.20
0.30
0.28
0.23
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
187
54
85
29
80
56
78
178
35
187
54
85
29
80
56
78
295
85
140
88
104
23
75
-
0.50
0.40
0.40
0.30
0.40
0.40
0.40
0.20
0.30
0.50
0.40
0.40
0.30
0.40
0.40
0.40
0.20
0.30
0.25
0.30
0.30
0.30
0.30
-
0.45
0.40
0.37
0.30
0.37
0.39
0.38
0.20
0.30
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
80
97
42
84
71
30
69
56
68
153
274
149
84
225
46
207
56
159
45
78
44
-
1.00
0.20
0.50
0.25
0.35
0.25
0.50
0.10
0.25
0.70
0.20
0.50
0.25
0.30
0.25
0.40
0.10
0.20
0.20
0.25
0.15
-
0.85
0.20
0.50
0.24
0.32
0.23
0.45
0.10
0.23
3
3
3
3
3
3
3
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
43
60
22
25
69
92
68
43
60
22
25
69
92
148
47
99
83
28
37
139
-
0.50
0.40
0.40
0.10
0.25
0.30
0.40
0.50
0.40
0.40
0.10
0.25
0.30
0.40
0.40
0.35
0.20
0.10
0.25
0.40
-
0.47
0.38
0.32
0.10
0.25
0.33
0.40
3
3
3
3
549
549
549
549
1,040
1,040
1,040
1,040
109
246
122
95
263
748
206
278
0.25
0.20
0.20
0.40
0.20
0.20
0.20
0.20
0.23
0.20
0.20
0.30
Sequence
Low
High
Struc
Strat
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
48
104
71
115
52
15
106
42
85
3
3
3
3
3
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
45
50
160
141
25
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
1,040
3
3
3
3
3
3
3
3
3
549
549
549
549
549
549
549
549
549
3
3
3
3
3
3
3
3
Struc
Figure 19.7.7
Page 2 of 2
D-322
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Pimean Akas-2ST Interpreted Well Log

Apsara Area, Offshore Cambodia
Sequence 4
Sequence 3
Figure 19.7.8
D-323
NETHERLAND, SEWELL
& ASSOCIATES, INC.
Pimean Akas-4 Interpreted Well Log

Apsara Area, Offshore Cambodia
Sequence 4
Sequence 3
Figure 19.7.9
D-324
APSARA AREA, OFFSHORE CAMBODIA
Case 1
Well/Zone
Case 2
Gross
Water
Water
Interval Net Pay Porosity Saturation Net Pay Porosity Saturation
Top
Base
Top
Base
(ft MD) (ft MD) (ft TVDSS) (ft TVDSS) (ft TVT) (ft TVT) (Decimal) (Decimal) (ft TVT) (Decimal) (Decimal)
Apsara-1
409-1
406-1
325
8,304
8,365
8,484
8,311
8,369
8,488
8,254
8,315
8,434
8,261
8,319
8,438
7
4
4
3
0
0
0.18
-
0.44
-
4
0
0
0.18
-
0.39
-
Sequence 4 Zones(1)
6,593
8,490
6,543
8,440
1,897
0.18
0.44
0.18
0.39
8,229 8,244
8,347 8,381
9,069 9,107
9,211 9,254
9,260 9,280
9,693 9,705
9,936 9,987
10,172 10,212
10,327 10,346
6,973
7,056
7,573
7,677
7,713
8,037
8,222
8,402
8,523
6,984
7,080
7,600
7,708
7,728
8,047
8,261
8,433
8,538
10
24
28
32
15
9
39
31
15
8
6
19
20
10
7
6
8
3
0.18
0.16
0.18
0.19
0.19
0.20
0.17
0.18
0.15
0.42
0.52
0.47
0.27
0.30
0.30
0.52
0.39
0.50
8
13
22
20
10
7
21
10
4
0.18
0.16
0.18
0.19
0.19
0.20
0.16
0.17
0.15
0.34
0.46
0.39
0.22
0.25
0.24
0.49
0.34
0.41
7,470 10,351
6,432
8,542
2,110
86
0.18
0.39
115
0.17
0.36
8,929 8,961
9,355 9,388
9,424 9,464
9,899 9,912
10,347 10,397
10,402 10,424
7,275
7,607
7,661
8,040
8,395
8,439
7,300
7,633
7,693
8,050
8,435
8,456
24
26
32
10
40
18
21
8
27
4
23
12
0.22
0.22
0.19
0.20
0.14
0.15
0.29
0.40
0.34
0.46
0.51
0.48
21
11
27
5
23
13
0.22
0.20
0.19
0.20
0.14
0.15
0.24
0.36
0.28
0.39
0.40
0.39
7,719 10,425
6,344
8,457
2,113
96
0.18
0.40
102
0.18
0.33
374
365-2
365-1
10,893 10,913
11,030 11,042
11,081 11,096
8,838
8,951
8,994
8,854
8,961
9,006
17
10
12
3
6
2
0.14
0.16
0.14
0.40
0.24
0.51
4
6
4
0.14
0.16
0.15
0.34
0.19
0.47
Sequence 3 Zones(1)
10,425 11,096
8,457
9,006
549
11
0.15
0.33
14
0.15
0.32
9,889
10,078
10,748
11,041
11,148
9,898
10,090
10,759
11,053
11,199
8,329
8,477
9,007
9,240
9,326
8,336
8,487
9,015
9,250
9,367
7
9
9
10
41
3
4
6
7
33
0.22
0.22
0.15
0.14
0.15
0.46
0.52
0.43
0.46
0.46
4
7
6
7
34
0.21
0.20
0.15
0.14
0.15
0.38
0.45
0.34
0.37
0.36
9,889 11,201
8,329
9,369
1,040
53
0.16
0.46
58
0.16
0.37
464
426-1
420-1
8,764
9,728
9,867
8,820
9,771
9,940
7,157
7,877
7,981
7,198
7,910
8,036
41
32
55
30
15
42
0.19
0.19
0.19
0.31
0.30
0.38
32
16
43
0.19
0.19
0.19
0.27
0.25
0.31
Sequence 4 Zones(1)
7,666 10,581
6,338
8,523
2,185
87
0.19
0.35
91
0.19
0.28
10,937 10,943
8,801
8,806
0.14
0.45
0.14
0.37
10,581 10,943
8,523
8,806
283
0.14
0.45
0.14
0.37
Pimean Akas-1
475
470
443-1
441-1
441-2
421
412
406-2
402-1
Sequence 4 Zones(1)
Pimean Akas-2ST
456
441-3
437-1
417-1
402-2
402-3
Sequence 4 Zones(1)
Pimean Akas-3
383
385-1
345
310
303
Sequence 3 Zones(1)
Pimean Akas-4
380
Sequence 3
(1)
Zones(1)
Porosities and saturations are weighted averages based on net pay.
Figure 19.7.10
Page 1 of 2
D-325
APSARA AREA, OFFSHORE CAMBODIA
Case 1
Well/Zone
Case 2
Gross
Water
Water
Interval Net Pay Porosity Saturation Net Pay Porosity Saturation
Top
Base
Top
Base
(ft MD) (ft MD) (ft TVDSS) (ft TVDSS) (ft TVT) (ft TVT) (Decimal) (Decimal) (ft TVT) (Decimal) (Decimal)
Pimean Akas-5
443-2
437-2
435
428
430
Sequence 4 Zones(1)
9,245 9,274
9,517 9,535
9,573 9,611
9,737 9,767
10,659 10,691
7,710
7,909
7,950
8,070
8,752
7,731
7,922
7,978
8,092
8,776
21
13
28
22
24
20
4
7
17
18
0.19
0.19
0.17
0.22
0.15
0.34
0.34
0.38
0.33
0.41
20
4
9
17
18
0.19
0.18
0.18
0.22
0.15
0.28
0.28
0.32
0.26
0.32
7,778 10,696
6,632
8,780
2,148
66
0.19
0.36
68
0.18
0.29
395-2
395-1
363
356
10,754
10,765
11,320
11,424
10,758
10,770
11,332
11,439
8,823
8,831
9,252
9,331
8,826
8,835
9,261
9,342
3
4
9
11
0
0
5
0
0.13
-
0.52
-
0
2
5
0
0.17
0.13
-
0.56
0.40
-
Sequence 3 Zones(1)
10,696 11,440
8,780
9,343
563
0.13
0.52
0.14
0.44
9,607 9,621
9,684 9,709
9,726 9,789
9,822 9,843
10,046 10,078
7,916
7,971
8,001
8,069
8,229
7,926
7,989
8,046
8,084
8,252
10
18
45
15
23
5
3
24
3
6
0.19
0.17
0.16
0.14
0.14
0.48
0.48
0.51
0.53
0.53
7
12
33
3
8
0.18
0.16
0.16
0.14
0.13
0.41
0.46
0.43
0.41
0.43
7,466 10,323
6,371
8,430
2,059
42
0.16
0.51
63
0.16
0.43
385-2
365-3
10,652 10,658
11,014 11,027
8,672
8,940
8,676
8,950
4
10
0
0
0
0
Sequence 3 Zones(1)
10,323 11,029
8,430
8,952
522
Pimean Akas-6
426-2
427
420-2
417-2
409-2
Sequence 4 Zones(1)
(1)
Porosities and saturations are weighted averages based on net pay.
Figure 19.7.10
Page 2 of 2
D-326
Figure 19.7.11
D-327
1
2
1
2
Pimean Akas-2ST
Pimean Akas-2ST
Pimean Akas-4
Pimean Akas-4
9,877
8,772
10,404
9,439
9,644
9,226
8,304
9,897
8,812
10,424
9,453
9,846
9,418
8,491
Perforation (ft MD)

Top
Bottom
4
4
4
4
3
3
4
Sequence
9.8
6.9
9.5
8.5
NA
NA
NA
Duration
(hr)
660
860
837
410
4
244
Oil Rate
(BOPD)
240
174
352
415
950
300
GOR
(SCF/STB)
0
0
0
214
27
14
0
Water Rate
(BWPD)
373
382
595
412
0
23
125
FWHP
(psig)
1
2
3
Test
Apsara-1
Apsara-1
Apsara-1
Well
WELL TEST DATA

BLOCK A, OFFSHORE CAMBODIA
37
39
38
38
35
34
Gravity
(API)
30
29
16
18
44
43
31
Open Perfs
(ft TVD)
0.800
1.650
0.540
1.190
0.000
0.005
0.078
PI
(BLPD/psi)
40.00
60.00
10.00
45-60
0.24
0.04
2.70
Permeability
(md)
19
19
15
19
no pay
no pay
18
Porosity
(Percent)
31
27
39
28
no pay
no pay
39
Sw
(Percent)
Figure 19.7.12
D-328
A-1
A-1
PA-1
PA-2ST
PA-2ST
PA-4
PA-4
PA-6
PA-6
PA-5
PA-5
PA-3
PA-3
Well Area
A-1
A-1
PA-1
PA-2ST
PA-2ST
PA-4
PA-4
PA-6
PA-6
PA-5
PA-5
PA-3
PA-3
Well Area
4
3
4
4
3
4
3
4
3
4
3
4
3
Sequence
4
3
4
4
3
4
3
4
3
4
3
4
3
Sequence
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
Resources
Category
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
1C
Resources
Category
0
0
856,660
1,300,552
361,242
981,065
91,409
195,605
99,180
639,030
146,380
940,755
244,400
0.56
0.00
0.59
0.62
0.62
0.67
0.50
0.52
0.45
0.66
0.43
0.40
0.49
0.61
0.00
0.64
0.67
0.67
0.72
0.55
0.57
0.50
0.71
0.48
0.45
0.54
0.66
0.00
0.69
0.72
0.72
0.77
0.60
0.62
0.55
0.76
0.53
0.50
0.59
(Decimal)
Most
Min
Likely
Max
0
0
98,115
398,301
32,940
240,350
41,035
133,835
67,860
230,910
61,930
161,576
62,400
0.00
0.00
0.05
0.05
0.02
0.04
0.01
0.03
0.00
0.03
0.01
0.00
0.05
0.00
0.00
0.08
0.07
0.03
0.06
0.01
0.05
0.00
0.05
0.01
0.00
0.08
1.25
0.00
1.25
1.27
1.24
1.27
1.25
1.25
1.27
1.25
1.27
1.27
1.24
1.30
0.00
1.30
1.32
1.29
1.32
1.30
1.30
1.32
1.30
1.32
1.32
1.29
1.35
0.00
1.35
1.37
1.34
1.37
1.35
1.35
1.37
1.35
1.37
1.37
1.34

(RB/STB)
Most
Min
Likely
Max
0.00
0.00
0.03
0.02
0.01
0.02
0.00
0.02
0.00
0.02
0.00
0.00
0.03
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
A
A
A
A
A
A
A
A
A
B
B
C
C
Platform
A
A
A
A
A
A
A
A
A
B
B
C
C
Platform
Gross Rock Volume

(Ac-ft)
P95
P50
P05

0.18
0.00
0.17
0.18
0.15
0.19
0.14
0.16
0.13
0.18
0.13
0.18
0.16
0.20
0.00
0.20
0.20
0.17
0.21
0.16
0.18
0.15
0.20
0.15
0.20
0.18
Max
0.10
0.00
0.10
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.00
0.15
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.00
0.20
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.16
0.00
0.16
0.16
0.13
0.17
0.12
0.14
0.11
0.16
0.11
0.16
0.14
Min
Porosity
(Decimal)
Most
Likely
Figure 19.7.13
D-329
PA-5
PA-5
70.7
3.2
3.2
0.0
3.2
9.5
9.6
9.2
0.3
55.2
58.0
0.0
0.0
10.6
23.8
1.3
16.6
0.2
2.7
0.0
119.2
6.0
6.0
0.0
6.0
15.6
15.4
15.1
0.5
104.9
97.8
0.0
0.0
25.1
41.4
3.2
31.0
0.3
3.8
0.0
5.8
0.1
0.1
0.0
0.1
0.8
0.8
0.7
0.0
4.0
4.9
0.0
0.0
0.6
1.9
0.0
1.2
0.0
0.2
0.0
10.3
0.3
0.3
0.0
0.3
1.4
1.4
1.4
0.0
8.1
8.6
0.0
0.0
1.6
3.5
0.1
2.5
0.0
0.4
0.0
18.1
0.7
0.7
0.0
0.7
2.5
2.5
2.4
0.1
16.4
15.0
0.0
0.0
3.9
6.6
0.3
4.9
0.0
0.6
0.0
14
9
9
14
13
14
8
14
14
13
14
9
14
8
13
-
15
10
10
10
15
15
15
10
15
15
15
15
10
15
10
15
-
15
11
11
11
16
16
16
11
16
15
15
16
11
16
11
17
-
Recovery Factor(1)
(Percent)
1C
2C
3C
Recovery Factor is calculated by dividing unrounded Gross (100 Percent) Contingent Oil Resources by unrounded Original Oil-In-Place. See Volumetric Input Parameters
for recovery factor input distributions.
Totals are the arithmetic sum of multiple platform-level probability distributions.
42.1
0.0
1.7
4
3
5.5
5.6
5.4
0.2
1.7
1.7
PA-3
PA-3
4
3
29.0
34.7
0.0
0.0
4.4
13.3
0.5
8.9
0.1
1.8
0.0
Arithmetic Sum(2)
Probabilistic Sum
C
C
Arithmetic Sum(2)
Probabilistic Sum
B
B
4
3
4
4
3
4
3
4
3
Sequence
Gross (100 Percent)

1C
2C
3C
(3)
(2)
(1)
A-1
A-1
PA-1
PA-2ST
PA-2ST
PA-4
PA-4
PA-6
PA-6
A
A
A
A
A
A
A
A
A
Arithmetic Sum(2)
Probabilistic Sum
Well Area
Platform
Original Oil-In-Place (MMBBL)

1C
2C
3C
SUMMARY OF ORIGINAL OIL-IN-PLACE AND

GROSS (100 PERCENT) CONTINGENT OIL RESOURCES

Platform
Well/
Fault Block
Sequence
A
A
A
A
A
A
A
A
A
A
A
B
B
B
C
C
C
C
C
C
C
C
D
D
E
E
E
E
F
F
F
F
F
F
F
F
East 1
East 1
East 2
East 2
North
North
Northeast
PA-1
PA-6 1
PA-6 1
PA-6 2
Far Northwest
West
West
East
East
Far East
North
Northwest
PA-3
South
South
Middle
Middle
East
East
Middle
Middle
Far West
Far West
Middle East
Middle East
Near West
Near West
Southeast
Southeast
4
3
4
3
4
3
3
3
4
3
3
3
4
3
4
3
3
3
4
4
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
Gross Rock Volume

(Ac-ft)
Low
P50
High
112,216
30,744
113,245
16,470
211,048
57,645
43,920
18,117
133,835
30,744
90,585
86,742
280,024
73,017
56,623
549
87,840
27,450
92,655
156,484
2,059
37,332
163,691
23,058
311,939
34,038
2,059
549
2,059
41,175
2,059
549
2,059
13,725
2,059
43,920
884,925
135,200
492,718
81,120
323,380
136,240
149,760
332,800
254,826
107,380
322,140
275,600
1,422,435
653,120
1,462,858
416,000
302,640
156,000
524,400
737,438
422,798
184,080
522,215
108,160
1,415,880
475,280
613,985
316,160
586,673
258,960
399,855
169,520
544,065
312,000
561,545
291,200
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Porosity
(Decimal)
Most
Min
Likely
Max
0.03
0.02
0.03
0.02
0.03
0.02
0.02
0.02
0.03
0.02
0.02
0.02
0.03
0.02
0.03
0.02
0.02
0.02
0.03
0.03
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.16
0.14
0.16
0.14
0.16
0.14
0.14
0.14
0.16
0.14
0.14
0.14
0.16
0.14
0.16
0.14
0.14
0.14
0.16
0.16
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.04
0.03
0.04
0.03
0.04
0.03
0.03
0.03
0.04
0.03
0.03
0.03
0.04
0.03
0.04
0.03
0.03
0.03
0.04
0.04
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.18
0.15
0.18
0.15
0.18
0.15
0.15
0.15
0.18
0.15
0.15
0.15
0.18
0.15
0.18
0.15
0.15
0.15
0.18
0.18
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.16
0.16
0.19
0.16
0.16
0.16
0.19
0.16
0.19
0.16
0.16
0.16
0.19
0.19
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
Figure 19.7.14
Page 1 of 4
D-330

Platform
Well/
Fault Block
Sequence
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
H
H
H
H
H
H
H
H
I
I
I
I
I
I
I
I
J
J
East
East
Far East
Far East
Far West
Far West
West
West
East
East
Far East
Far East
Middle
Middle
Northwest
Northwest
South
South
Southeast
Southwest
Southwest
West Middle
West Middle
East
East
Far East
Far East
Far Northwest
Northeast
Northwest
Northwest
East
East
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
4
3
4
3
4
3
4
3
3
3
4
3
4
3
Gross Rock Volume

(Ac-ft)
Low
P50
High
424,154
90,585
2,059
549
2,059
549
449,892
54,900
211,048
20,862
2,059
549
52,505
549
185,310
549
115,304
27,450
50,446
385,033
41,175
2,059
549
267,670
57,096
2,059
549
30,195
549
98,832
21,960
249,139
41,175
1,092,500
542,880
810,635
376,480
439,185
238,160
1,539,333
478,400
726,513
402,480
943,920
416,000
895,850
394,160
665,333
286,000
562,638
157,040
159,505
1,163,513
535,600
657,685
301,600
701,385
202,800
865,260
434,720
384,800
130,000
462,128
78,000
1,388,568
615,680
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Porosity
(Decimal)
Most
Min
Likely
Max
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.02
0.02
0.03
0.02
0.03
0.02
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.14
0.14
0.16
0.14
0.16
0.14
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.03
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.15
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.16
0.16
0.19
0.16
0.19
0.16
Figure 19.7.14
Page 2 of 4
D-331

Platform
Well/
Fault Block
Sequence
A
A
A
A
A
A
A
A
A
A
A
B
B
B
C
C
C
C
C
C
C
C
D
D
E
E
E
E
F
F
F
F
F
F
F
F
East 1
East 1
East 2
East 2
North
North
Northeast
PA-1
PA-6 1
PA-6 1
PA-6 2
Far Northwest
West
West
East
East
Far East
North
Northwest
PA-3
South
South
Middle
Middle
East
East
Middle
Middle
Far West
Far West
Middle East
Middle East
Near West
Near West
Southeast
Southeast
4
3
4
3
4
3
3
3
4
3
3
3
4
3
4
3
3
3
4
4
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
Hydrocarbon Saturation Formation Volume Factor

(Decimal)
(RB/STB)
Most
Most
Min
Likely
Max
Min
Likely
Max
Recovery Factor
(Decimal)
Most
Min
Likely Max
0.56
0.48
0.56
0.48
0.56
0.48
0.48
0.48
0.56
0.48
0.48
0.48
0.56
0.48
0.56
0.48
0.48
0.48
0.56
0.56
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.10
0.05
0.10
0.05
0.10
0.05
0.05
0.05
0.10
0.05
0.05
0.05
0.10
0.05
0.10
0.05
0.05
0.05
0.10
0.10
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.66
0.56
0.66
0.56
0.66
0.56
0.56
0.56
0.66
0.56
0.56
0.56
0.66
0.56
0.66
0.56
0.56
0.56
0.66
0.66
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.67
0.67
0.72
0.67
0.67
0.67
0.72
0.67
0.72
0.67
0.67
0.67
0.72
0.72
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.27
1.27
1.25
1.27
1.27
1.27
1.25
1.27
1.25
1.27
1.27
1.27
1.25
1.25
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.32
1.32
1.30
1.32
1.32
1.32
1.30
1.32
1.30
1.32
1.32
1.32
1.30
1.30
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.37
1.37
1.35
1.37
1.37
1.37
1.35
1.37
1.35
1.37
1.37
1.37
1.35
1.35
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.15
0.10
0.15
0.10
0.15
0.10
0.10
0.10
0.15
0.10
0.10
0.10
0.15
0.10
0.15
0.10
0.10
0.10
0.15
0.15
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.15
0.15
0.20
0.15
0.15
0.15
0.20
0.15
0.20
0.15
0.15
0.15
0.20
0.20
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
Figure 19.7.14
Page 3 of 4
D-332

(Decimal)
Platform
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
H
H
H
H
H
H
H
H
I
I
I
I
I
I
I
I
J
J

(RB/STB)
Recovery Factor
(Decimal)
Well/Fault Block Sequence
Min
Most
Likely
Max
Min
Most
Likely
Max
Min
Most
Likely
Max
East
East
Far East
Far East
Far West
Far West
West
West
East
East
Far East
Far East
Middle
Middle
Northwest
Northwest
South
South
Southeast
Southwest
Southwest
West Middle
West Middle
East
East
Far East
Far East
Far Northwest
Northeast
Northwest
Northwest
East
East
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.48
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.56
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.67
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.27
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.32
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.37
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.05
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.10
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.15
0.15
0.20
0.15
0.20
0.15
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
4
3
4
3
4
3
4
3
3
3
4
3
4
3
Figure 19.7.14
Page 4 of 4
D-333

Area/
Fault Block
Angkea Sel
SS-2
SS-2
A
A
B
B
C
C
D
D
E
E
F
F
G
G
H
H
Angkea Sel South
A
B
C
C
D
D
E
E
Basit
ST-1
ST-1
A
A
B
B
C
C
D
D
E
E
FGH
FGH
I
I
J
J
Bokor
A
A
B
B
C&D
C&D
E
E
F
F
G
G
H
H
I
I
J
J
Gross Rock Volume

(Ac-ft)
Net-to-Gross Ratio
(Decimal)
Porosity
(Decimal)
High
Min
Most
Likely
Max
Min
Most
Likely
Max
143,101
26,352
253,257
57,096
2,059
38,979
286,201
63,135
216,195
28,548
43,239
8,235
255,316
58,194
193,546
23,058
221,343
46,665
468,683
257,920
1,089,223
595,920
524,400
188,240
690,460
361,920
918,793
254,800
105,973
22,880
475,238
190,320
410,780
130,000
931,903
514,800
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
3
3
4
3
4
3
4
3
24,705
27,450
372,679
87,840
370,620
77,409
170,897
13,725
88,400
88,400
1,252,005
532,480
1,706,485
923,520
382,375
84,240
0.02
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.14
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.15
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.16
0.16
0.19
0.16
0.19
0.16
0.19
0.16
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
259,434
52,155
157,514
45,018
395,328
13,725
580,638
105,957
213,107
85,644
2,059
16,470
281,054
65,880
37,062
8,235
85,449
16,470
789,878
424,320
226,148
121,680
1,522,945
838,240
1,036,783
487,760
752,733
511,680
289,513
163,280
466,498
218,400
122,360
48,880
622,725
275,600
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
521,957
138,897
983,173
209,718
398,417
43,920
128,688
34,587
293,408
72,468
397,387
130,113
214,136
51,057
290,319
79,605
193,546
48,861
1,481,430
567,840
2,120,543
546,000
1,184,270
414,960
689,368
125,840
969,048
275,600
1,412,603
559,520
857,613
486,720
517,845
279,760
447,925
252,720
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
Sequence
Low
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
P50
Figure 19.7.15
Page 1 of 4
D-334

Area/
Fault Block
Gross Rock Volume

(Ac-ft)
Sequence
Low
P50
Net-to-Gross Ratio
(Decimal)
Porosity
(Decimal)
High
Min
Most
Likely
Max
Min
Most
Likely
Max
Da
DA-1
DA-1
A
A
B
B
C
C
D
D
E
E
F
F
G
G
Poulo Wai North
A
A
B
C
C
D
D
E
E
F
F
G
G
H
H
I
I
Poulo Wai Central
SP-1
SP-1
A
A
B
B
C
C
D
D
E
F
F
G
H
H
Poulo Wai South
A
A
B
B
C
C
D
D
E
E
F
F
G
Rotanak
A
A
B
B
C
D
D
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
266,641
70,821
482,836
109,251
210,018
37,332
2,059
68,625
498,278
94,977
217,225
81,801
280,024
98,820
2,059
41,175
690,460
134,160
774,583
456,560
527,678
189,280
516,753
229,840
1,882,378
1,084,720
818,283
250,640
951,568
472,160
452,295
182,000
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
4
3
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
333,558
102,663
29,646
231,638
46,665
102,950
15,921
169,868
43,920
92,655
30,744
166,779
42,822
391,210
97,722
96,773
19,215
1,131,830
340,080
56,160
341,953
179,920
109,250
30,160
495,995
191,360
302,623
82,160
340,860
159,120
693,738
306,800
157,320
88,400
0.03
0.02
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.04
0.03
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.18
0.15
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.19
0.16
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
4
3
4
3
4
3
4
3
4
3
3
4
3
3
4
3
125,599
43,920
188,399
53,253
74,124
23,058
132,806
46,116
129,717
38,979
16,470
188,399
37,881
30,744
164,720
37,332
281,865
159,120
565,915
284,960
195,558
154,960
228,333
134,160
511,290
315,120
93,600
608,523
215,280
58,240
437,000
165,360
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.02
0.03
0.02
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.03
0.04
0.03
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.14
0.16
0.14
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.15
0.18
0.15
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.16
0.19
0.16
0.16
0.19
0.16
4
3
4
3
4
3
4
3
4
3
4
3
3
122,511
23,607
166,779
32,940
2,059
12,078
65,888
13,725
133,835
37,881
236,785
50,508
37,332
252,368
93,600
358,340
165,360
246,905
109,200
134,378
55,120
275,310
110,240
537,509
240,239
153,920
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.03
0.02
0.02
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.04
0.03
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.16
0.14
0.14
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.18
0.15
0.15
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.19
0.16
0.16
4
3
4
3
3
4
3
222,372
59,841
553,871
135,054
66,978
248,110
52,155
787,693
273,520
1,428,990
777,920
214,240
711,218
289,120
0.03
0.02
0.03
0.02
0.02
0.03
0.02
0.04
0.03
0.04
0.03
0.03
0.04
0.03
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.16
0.14
0.16
0.14
0.14
0.16
0.14
0.18
0.15
0.18
0.15
0.15
0.18
0.15
0.19
0.16
0.19
0.16
0.16
0.19
0.16
Figure 19.7.15
Page 2 of 4
D-335

(Decimal)
Area/
Fault Block
Angkea Sel
SS-2
SS-2
A
A
B
B
C
C
D
D
E
E
F
F
G
G
H
H
Angkea Sel South
A
B
C
C
D
D
E
E
Basit
ST-1
ST-1
A
A
B
B
C
C
D
D
E
E
FGH
FGH
I
I
J
J
Bokor
A
A
B
B
C&D
C&D
E
E
F
F
G
G
H
H
I
I
J
J

(RB/STB)
Recovery Factor
(Decimal)
Sequence
Min
Most
Likely
Max
Min
Most
Likely
Max
Min
Most
Likely
Max
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
3
3
4
3
4
3
4
3
0.48
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.67
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.27
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.32
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.37
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.05
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.15
0.20
0.15
0.20
0.15
0.20
0.15
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
Figure 19.7.15
Page 3 of 4
D-336

(Decimal)
Area/
Fault Block

(RB/STB)
Recovery Factor
(Decimal)
Sequence
Min
Most
Likely
Max
Min
Most
Likely
Max
Min
Most
Likely
Max
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
4
3
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.56
0.48
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.66
0.56
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.72
0.67
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
1.25
1.27
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.30
1.32
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.35
1.37
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
0.10
0.05
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.15
0.10
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.20
0.15
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
4
3
4
3
4
3
4
3
4
3
3
4
3
3
4
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.48
0.56
0.48
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.56
0.66
0.56
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.67
0.72
0.67
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.27
1.25
1.27
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.32
1.30
1.32
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.37
1.35
1.37
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.05
0.10
0.05
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.10
0.15
0.10
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.15
0.20
0.15
0.15
0.20
0.15
4
3
4
3
4
3
4
3
4
3
4
3
3
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.56
0.48
0.48
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.66
0.56
0.56
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.72
0.67
0.67
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.25
1.27
1.27
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.30
1.32
1.32
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.35
1.37
1.37
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.10
0.05
0.05
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.15
0.10
0.10
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.20
0.15
0.15
4
3
4
3
3
4
3
0.56
0.48
0.56
0.48
0.48
0.56
0.48
0.66
0.56
0.66
0.56
0.56
0.66
0.56
0.72
0.67
0.72
0.67
0.67
0.72
0.67
1.25
1.27
1.25
1.27
1.27
1.25
1.27
1.30
1.32
1.30
1.32
1.32
1.30
1.32
1.35
1.37
1.35
1.37
1.37
1.35
1.37
0.10
0.05
0.10
0.05
0.05
0.10
0.05
0.15
0.10
0.15
0.10
0.10
0.15
0.10
0.20
0.15
0.20
0.15
0.15
0.20
0.15
Da
DA-1
DA-1
A
A
B
B
C
C
D
D
E
E
F
F
G
G
Poulo Wai North
A
A
B
C
C
D
D
E
E
F
F
G
G
H
H
I
I
Poulo Wai Central
SP-1
SP-1
A
A
B
B
C
C
D
D
E
F
F
G
H
H
Poulo Wai South
A
A
B
B
C
C
D
D
E
E
F
F
G
Rotanak
A
A
B
B
C
D
D
Figure 19.7.15
Page 4 of 4
D-337
Figure 19.7.16
Page 1 of 3
D-338
East
East
Far East
North
Northwest
PA-3
South
South
Middle
Middle
C
C
C
C
C
C
C
C
D
D
Arithmetic Sum(1)
Probabilistic Sum
4
3
0.56
0.55
0.37
0.20
0.35
0.35
0.26
0.45
0.20
0.40
Arithmetic Sum(1)
Probabilistic Sum
4
3
3
3
4
4
4
3
Arithmetic Sum(1)
Probabilistic Sum
0.65
0.61
0.58
3
4
3
0.41
0.55
0.43
0.58
0.50
0.55
0.60
0.65
0.75
0.60
0.60
Pg
(Decimal)
4.8
5.2
4.5
0.3
11.0
20.9
10.1
13.0
1.5
0.0
1.1
0.4
2.7
4.4
0.2
0.5
1.2
7.8
1.1
19.2
28.9
3.0
0.4
3.0
0.2
5.6
0.8
0.6
0.3
3.6
0.4
1.3
Low
8.5
8.6
7.8
0.7
26.8
33.3
21.0
22.5
6.4
0.4
2.2
0.9
5.6
8.9
1.3
1.1
2.2
16.0
2.8
33.8
37.0
7.6
0.9
6.2
0.5
7.2
1.2
1.2
1.0
5.0
0.8
2.3
Best
14.6
14.1
13.3
1.4
77.4
60.7
44.3
39.4
28.9
3.1
4.4
2.0
11.9
18.0
6.8
2.4
4.1
32.7
7.6
63.7
50.3
19.2
1.9
12.0
1.0
9.2
2.1
2.2
3.4
6.8
1.5
4.4
High
0.7
0.7
0.6
0.0
1.5
2.9
1.4
1.7
0.2
0.0
0.1
0.0
0.4
0.6
0.0
0.0
0.1
1.2
0.1
2.5
3.9
0.4
0.0
0.4
0.0
0.8
0.1
0.1
0.0
0.5
0.0
0.1
Low
1.2
1.2
1.1
0.1
3.8
4.8
2.9
3.0
1.0
0.0
0.2
0.1
0.8
1.3
0.2
0.1
0.2
2.4
0.3
4.6
5.0
1.1
0.1
0.9
0.0
1.1
0.1
0.1
0.1
0.7
0.1
0.2
Best
2.2
2.1
2.0
0.1
11.2
8.8
6.1
5.6
4.4
0.3
0.5
0.2
1.8
2.7
1.0
0.2
0.4
4.9
0.8
8.9
7.1
2.9
0.2
1.9
0.1
1.5
0.2
0.2
0.4
1.1
0.2
0.5
High
Far Northwest
West
West
B
B
B
Arithmetic Sum(1)
Probabilistic Sum
4
3
4
3
4
3
3
3
4
3
3
Sequence
Gross Recoverable
(1)
East 1
East 1
East 2
East 2
North
North
Northeast
PA-1
PA-6 1
PA-6 1
PA-6 2
Well/
Fault Block
A
A
A
A
A
A
A
A
A
A
A
Platform
Original In-Place
2.7
2.9
2.5
0.2
4.1
7.4
6.2
7.9
0.6
0.0
0.4
0.1
0.7
2.0
0.0
0.2
0.8
4.8
0.6
10.3
15.6
1.2
0.2
1.3
0.1
2.8
0.4
0.4
0.2
2.7
0.2
0.8
Low
4.8
4.8
4.4
0.4
9.7
11.8
12.9
13.8
2.4
0.1
0.8
0.3
1.5
4.0
0.3
0.4
1.4
9.8
1.6
17.7
19.4
3.1
0.5
2.6
0.3
3.6
0.7
0.7
0.6
3.7
0.5
1.4
Best
Original In-Place

8.2
7.9
7.5
0.8
27.0
21.4
27.1
24.1
10.6
0.6
1.5
0.7
3.1
8.1
1.4
1.0
2.6
20.0
4.4
32.5
25.3
7.8
1.0
5.1
0.6
4.6
1.2
1.3
2.2
5.1
0.9
2.7
High
0.4
0.4
0.4
0.0
0.5
1.0
0.8
1.0
0.1
0.0
0.0
0.0
0.1
0.3
0.0
0.0
0.1
0.7
0.1
1.3
2.1
0.7
0.7
0.6
0.0
1.4
1.7
1.8
1.8
0.4
0.0
0.1
0.0
0.2
0.6
0.0
0.0
0.1
1.5
0.2
2.4
2.6
0.5
0.0
0.4
0.0
0.5
0.1
0.1
0.1
0.6
0.0
0.1
Best
Gross Recoverable
0.2
0.0
0.2
0.0
0.4
0.0
0.0
0.0
0.4
0.0
0.1
Low
Risked Oil (MMBBL)
1.2
1.2
1.1
0.1
3.9
3.1
3.7
3.4
1.6
0.1
0.2
0.1
0.5
1.2
0.2
0.1
0.3
3.0
0.4
4.5
3.5
1.2
0.1
0.8
0.1
0.7
0.1
0.1
0.2
0.8
0.1
0.3
High
Figure 19.7.16
Page 2 of 3
D-339
East
East
Far East
Far East
Far West
Far West
West
West
G
G
G
G
G
G
G
G
Arithmetic Sum(1)
Probabilistic Sum
4
3
4
3
4
3
4
3
Arithmetic Sum(1)
Probabilistic Sum
4
3
4
3
4
3
4
3
0.44
0.34
0.30
0.20
0.30
0.20
0.63
0.34
0.36
0.43
0.30
0.20
0.36
0.42
0.42
0.41
0.65
0.54
0.30
0.40
Pg
(Decimal)
26.5
41.1
11.8
1.2
0.3
0.0
0.2
0.0
12.3
0.7
2.4
8.7
0.3
0.6
0.2
0.0
0.2
0.2
0.3
0.6
9.4
13.1
8.6
0.5
0.2
0.0
Low
48.9
57.2
18.1
3.0
2.0
0.4
1.4
0.3
21.6
2.2
10.1
16.7
1.6
1.4
1.4
0.2
1.5
0.8
1.7
1.5
20.4
24.0
16.8
1.6
1.6
0.4
Best
104.2
84.9
28.6
6.7
12.8
2.8
7.8
2.3
37.4
5.9
50.7
40.5
9.6
3.4
8.0
1.6
10.9
3.5
10.1
3.6
52.5
46.3
34.4
5.1
9.8
3.2
High
3.7
5.7
1.7
0.1
0.0
0.0
0.0
0.0
1.8
0.1
0.3
1.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.1
1.3
1.8
1.2
0.0
0.0
0.0
Low
7.0
8.2
2.7
0.3
0.3
0.0
0.2
0.0
3.2
0.2
1.3
2.2
0.2
0.1
0.2
0.0
0.2
0.1
0.2
0.1
2.9
3.4
2.5
0.2
0.2
0.0
Best
15.1
12.2
4.4
0.7
2.0
0.3
1.2
0.2
5.7
0.6
7.1
5.8
1.4
0.4
1.2
0.2
1.6
0.4
1.6
0.4
7.5
6.6
5.2
0.5
1.5
0.3
High
Far West
Far West
Middle East
Middle East
Near West
Near West
Southeast
Southeast
F
F
F
F
F
F
F
F
Arithmetic Sum(1)
Probabilistic Sum
4
3
4
3
Sequence
Gross Recoverable
(1)
East
East
Middle
Middle
Well/
Fault Block
E
E
E
E
Platform
Original In-Place
13.6
19.1
5.1
0.4
0.1
0.0
0.1
0.0
7.7
0.2
1.0
3.3
0.1
0.3
0.1
0.0
0.1
0.1
0.1
0.2
5.9
7.7
5.6
0.3
0.1
0.0
Low
24.3
27.4
7.9
1.0
0.6
0.1
0.4
0.1
13.5
0.7
3.8
6.3
0.6
0.6
0.4
0.0
0.5
0.4
0.7
0.6
12.4
14.0
10.9
0.9
0.5
0.2
Best
Original In-Place

47.4
39.4
12.5
2.3
3.8
0.6
2.4
0.5
23.4
2.0
18.7
15.2
3.4
1.5
2.4
0.3
3.9
1.5
4.3
1.5
29.3
26.6
22.4
2.7
2.9
1.3
High
1.9
2.7
0.7
0.0
0.0
0.0
0.0
0.0
1.1
0.0
0.1
0.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.8
1.1
0.8
0.0
0.0
0.0
Low
3.5
3.9
1.2
0.1
0.1
0.0
0.1
0.0
2.0
0.1
0.5
0.8
0.1
0.1
0.1
0.0
0.1
0.0
0.1
0.1
1.8
2.0
1.6
0.1
0.1
0.0
Best
Gross Recoverable
Risked Oil (MMBBL)
7.0
5.8
1.9
0.2
0.6
0.1
0.4
0.0
3.6
0.2
2.6
2.1
0.5
0.2
0.4
0.0
0.6
0.1
0.7
0.1
4.2
3.9
3.4
0.3
0.4
0.1
High
Figure 19.7.16
Page 3 of 3
D-340
East
East
Far East
Far East
Far
Northwest
Northeast
Northwest
Northwest
East
East
I
I
I
I
I
I
I
I
J
J
0.25
0.10
0.42
0.40
3
3
4
3
7.7
9.3
216.6
Arithmetic Sum(1)
7.1
0.6
11.9
19.3
0.5
0.0
2.7
0.3
29.5
57.2
7.3
0.8
0.3
0.0
5.8
0.3
0.3
0.0
1.4
0.0
5.0
0.0
3.3
0.4
1.4
10.5
0.6
0.3
0.0
Low
Arithmetic Sum(1)
Probabilistic Sum
4
3
0.68
0.58
0.33
0.25
0.10
0.10
Arithmetic Sum(1)
Probabilistic Sum
4
3
4
3
Arithmetic Sum(1)
Probabilistic Sum
0.35
0.25
0.20
0.20
0.21
0.20
0.52
0.20
0.26
0.30
0.47
0.44
0.34
0.20
0.20
4
3
4
3
4
3
4
3
4
3
4
4
3
4
3
Pg
(Decimal)
321.2
16.9
18.2
14.8
2.1
23.1
27.7
1.3
0.2
5.4
0.6
59.9
76.0
11.6
1.5
2.1
0.4
10.2
1.1
2.2
0.4
4.9
0.4
9.2
0.3
6.5
0.9
2.3
17.7
2.0
1.7
0.3
Best
525.9
38.9
36.0
32.1
6.8
55.8
43.0
4.1
1.2
10.8
1.1
147.2
110.7
17.6
3.0
14.2
3.7
18.1
4.1
14.8
3.7
16.6
3.0
16.1
2.4
13.7
2.0
3.9
29.4
6.3
10.5
2.6
High
29.6
1.1
1.3
1.0
0.1
1.6
2.6
0.0
0.0
0.4
0.0
4.2
8.0
1.0
0.1
0.0
0.0
0.8
0.0
0.0
0.0
0.2
0.0
0.7
0.0
0.5
0.0
0.2
1.5
0.1
0.0
0.0
Low
45.0
2.4
2.5
2.2
0.2
3.2
3.8
0.1
0.0
0.8
0.1
8.6
10.8
1.7
0.1
0.3
0.0
1.5
0.1
0.3
0.0
0.7
0.0
1.3
0.0
1.0
0.1
0.3
2.6
0.2
0.3
0.0
Best
75.5
5.6
5.4
4.9
0.7
7.8
6.1
0.4
0.1
1.6
0.1
20.9
15.8
2.7
0.3
2.2
0.4
2.7
0.4
2.1
0.4
2.6
0.3
2.4
0.3
2.1
0.2
0.6
4.4
0.6
1.5
0.2
High
East
East
Far East
Far East
Middle
Middle
Northwest
Northwest
South
South
Southeast
Southwest
Southwest
West Middle
West Middle
H
H
H
H
H
H
H
H
H
H
H
H
H
H
H
Sequence
Gross Recoverable
(1)
Well/
Fault Block
Platform
Original In-Place
96.1
5.2
6.2
4.8
0.3
4.0
5.9
0.1
0.0
1.1
0.1
11.6
20.1
2.4
0.2
0.0
0.0
2.0
0.1
0.1
0.0
0.3
0.0
2.6
0.0
0.9
0.1
0.7
4.6
0.2
0.1
0.0
Low
144.3
11.3
12.1
10.1
1.2
7.3
8.3
0.3
0.0
2.3
0.2
22.1
26.4
3.9
0.4
0.2
0.0
3.5
0.3
0.4
0.1
1.0
0.1
4.8
0.1
1.7
0.3
1.1
7.7
0.7
0.3
0.1
Best
Original In-Place

231.4
25.8
24.1
21.9
3.9
14.5
11.8
1.0
0.1
4.5
0.4
47.5
35.5
5.9
0.8
1.4
0.4
6.3
1.0
3.0
0.7
3.4
0.6
8.4
0.5
3.6
0.6
1.8
12.9
2.1
2.1
0.5
High
13.2
0.7
0.9
0.7
0.0
0.6
0.8
0.0
0.0
0.2
0.0
1.6
2.9
0.3
0.0
0.0
0.0
0.3
0.0
0.0
0.0
0.0
0.0
0.4
0.0
0.1
0.0
0.1
0.7
0.0
0.0
0.0
Low
20.2
1.6
1.7
1.5
0.1
1.0
1.2
0.0
0.0
0.3
0.0
3.2
3.8
0.6
0.0
0.0
0.0
0.5
0.0
0.1
0.0
0.1
0.0
0.7
0.0
0.2
0.0
0.2
1.1
0.1
0.1
0.0
Best
Gross Recoverable
Risked Oil (MMBBL)
33.5
3.8
3.6
3.4
0.4
2.1
1.7
0.1
0.0
0.7
0.0
6.9
5.2
0.9
0.1
0.2
0.0
0.9
0.1
0.4
0.1
0.5
0.1
1.3
0.1
0.5
0.1
0.3
1.9
0.2
0.3
0.0
High

Area/
Fault Block
Angkea Sel
SS-2
SS-2
A
A
B
B
C
C
D
D
E
E
F
F
G
G
H
H
Gross Recoverable
Low
Best
High
Low
Best
High
Low
Best
High
Low
Best
High
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.83
0.74
0.24
0.23
0.10
0.28
0.29
0.27
0.18
0.25
0.10
0.10
0.23
0.33
0.28
0.27
0.28
0.28
3.9
0.4
7.0
0.8
0.2
0.5
7.8
0.8
6.0
0.4
1.2
0.1
6.8
0.8
5.3
0.3
6.1
0.6
6.7
1.1
13.5
2.3
1.6
1.1
12.0
2.1
11.3
1.1
1.8
0.2
9.4
1.4
7.6
0.8
11.7
2.0
11.6
3.1
25.8
6.9
9.7
2.5
17.9
4.7
22.1
3.0
2.7
0.3
13.2
2.7
11.0
1.7
22.2
5.9
0.6
0.0
1.0
0.1
0.0
0.0
1.1
0.1
0.9
0.0
0.2
0.0
1.0
0.1
0.8
0.0
0.9
0.1
1.0
0.1
2.0
0.2
0.2
0.1
1.8
0.2
1.7
0.1
0.3
0.0
1.4
0.1
1.1
0.1
1.7
0.2
1.8
0.3
3.9
0.7
1.4
0.3
2.8
0.5
3.4
0.3
0.4
0.0
2.0
0.3
1.7
0.2
3.4
0.6
3.3
0.3
1.7
0.2
0.0
0.1
2.2
0.2
1.0
0.1
0.1
0.0
1.5
0.2
1.4
0.1
1.7
0.2
5.6
0.8
3.2
0.5
0.2
0.3
3.4
0.6
2.0
0.3
0.2
0.0
2.1
0.5
2.1
0.2
3.2
0.5
9.6
2.3
6.2
1.6
1.0
0.7
5.1
1.3
3.9
0.7
0.3
0.0
3.0
0.9
3.0
0.5
6.1
1.6
0.5
0.0
0.2
0.0
0.0
0.0
0.3
0.0
0.2
0.0
0.0
0.0
0.2
0.0
0.2
0.0
0.2
0.0
0.8
0.1
0.5
0.1
0.0
0.0
0.5
0.1
0.3
0.0
0.0
0.0
0.3
0.0
0.3
0.0
0.5
0.1
1.5
0.2
0.9
0.2
0.1
0.1
0.8
0.1
0.6
0.1
0.0
0.0
0.5
0.1
0.5
0.0
0.9
0.2
49.0
81.6
87.9
98.9
167.2
122.1
6.8
11.4
12.4
13.9
23.9
17.3
14.5
23.5
25.8
28.7
47.7
35.5
2.0
3.3
3.6
4.1
6.8
5.1
0.3
0.4
10.2
1.2
10.4
1.1
4.5
0.2
0.7
0.7
17.9
2.9
20.5
3.3
7.0
0.5
1.3
1.3
31.6
6.8
39.3
10.8
10.2
1.1
0.0
0.0
1.5
0.1
1.5
0.1
0.7
0.0
0.1
0.1
2.7
0.3
3.0
0.3
1.0
0.0
0.1
0.1
4.8
0.7
6.0
1.1
1.6
0.1
0.1
0.1
2.3
0.3
3.4
0.3
1.0
0.0
0.2
0.2
4.0
0.6
6.7
1.0
1.5
0.1
0.4
0.4
7.1
1.5
12.8
3.2
2.2
0.2
0.0
0.0
0.3
0.0
0.5
0.0
0.1
0.0
0.0
0.0
0.6
0.1
1.0
0.1
0.2
0.0
0.0
0.0
1.1
0.2
1.9
0.3
0.3
0.0
28.4
42.1
53.3
58.5
102.3
83.8
3.9
5.8
7.5
8.2
14.6
11.9
7.5
11.0
14.3
15.7
27.8
22.8
1.0
1.5
2.0
2.2
4.0
3.3
7.2
0.8
4.1
0.6
10.7
0.2
15.7
1.4
5.8
1.2
0.2
0.2
7.4
0.9
1.0
0.1
2.4
0.2
11.9
2.1
5.2
1.0
20.4
1.2
21.4
3.2
10.3
2.8
1.1
0.7
9.9
1.6
1.8
0.3
5.8
0.8
19.8
5.3
6.6
1.8
37.7
7.3
28.5
6.6
18.6
6.4
5.0
1.9
13.2
3.1
3.1
0.6
13.6
2.9
1.0
0.1
0.6
0.1
1.6
0.0
2.2
0.1
0.9
0.1
0.0
0.0
1.0
0.1
0.1
0.0
0.4
0.0
1.8
0.2
0.8
0.1
3.0
0.1
3.2
0.3
1.5
0.3
0.2
0.1
1.5
0.2
0.3
0.0
0.9
0.1
3.1
0.5
1.0
0.2
5.7
0.7
4.5
0.7
2.8
0.6
0.8
0.2
2.0
0.3
0.5
0.1
2.1
0.3
6.4
0.6
1.5
0.2
2.7
0.0
8.8
0.7
1.4
0.4
0.1
0.0
1.9
0.2
0.2
0.0
1.2
0.1
10.6
1.5
1.9
0.4
5.1
0.3
12.0
1.6
2.4
0.9
0.3
0.1
2.6
0.3
0.4
0.0
2.9
0.2
17.8
3.9
2.4
0.7
9.4
1.8
15.9
3.4
4.3
2.1
1.4
0.4
3.4
0.6
0.6
0.1
6.8
0.8
0.9
0.1
0.2
0.0
0.4
0.0
1.2
0.1
0.2
0.0
0.0
0.0
0.3
0.0
0.0
0.0
0.2
0.0
1.6
0.1
0.3
0.0
0.8
0.0
1.8
0.2
0.4
0.1
0.0
0.0
0.4
0.0
0.1
0.0
0.4
0.0
2.8
0.4
0.4
0.1
1.4
0.2
2.5
0.3
0.7
0.2
0.2
0.0
0.5
0.1
0.1
0.0
1.0
0.1
60.3
94.1
101.4
112.8
182.0
137.9
8.4
13.2
14.3
16.0
26.0
19.6
26.4
39.5
43.6
47.8
75.8
58.4
3.7
5.6
6.2
6.8
11.0
8.4
3
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
Arithmetic Sum(1)
Probabilistic Sum
(1)
Original In-Place
Pg
(Decimal)
0.28
0.28
0.23
0.23
0.33
0.30
0.22
0.23
Arithmetic Sum(1)
Probabilistic Sum
Basit
ST-1
ST-1
A
A
B
B
C
C
D
D
E
E
FGH
FGH
I
I
J
J
Risked Oil (MMBBL)
Gross Recoverable
Sequence
Arithmetic Sum(1)
Probabilistic Sum
Angkea Sel South
A
B
C
C
D
D
E
E
Original In-Place
0.90
0.73
0.36
0.37
0.25
0.25
0.56
0.51
0.23
0.32
0.28
0.20
0.26
0.20
0.20
0.17
0.50
0.28
Figure 19.7.17
Page 1 of 3
D-341

Area/
Fault Block
Bokor
A
A
B
B
C&D
C&D
E
E
F
F
G
G
H
H
I
I
J
J
Gross Recoverable
Best
High
Low
Best
High
Low
Best
High
Low
Best
High
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
0.25
0.38
0.25
0.29
0.30
0.30
0.20
0.23
0.45
0.45
0.23
0.30
0.30
0.25
0.20
0.23
0.30
0.30
14.4
2.0
26.6
2.7
10.8
0.6
3.5
0.5
8.0
1.0
11.1
1.8
5.9
0.7
7.8
1.1
5.2
0.7
23.0
4.0
39.0
4.7
18.2
1.7
7.7
0.9
13.8
2.0
19.5
3.8
10.8
2.0
10.6
2.1
7.9
1.5
37.7
8.0
55.7
8.1
30.4
5.0
15.9
1.8
24.2
3.8
34.3
7.7
21.4
5.7
14.3
3.9
11.8
3.3
2.1
0.2
3.8
0.2
1.6
0.1
0.5
0.0
1.2
0.1
1.6
0.2
0.8
0.1
1.1
0.1
0.8
0.1
3.4
0.4
5.8
0.5
2.7
0.2
1.1
0.1
2.0
0.2
2.9
0.4
1.6
0.2
1.6
0.2
1.2
0.1
5.9
0.8
8.6
0.9
4.6
0.5
2.4
0.2
3.7
0.4
5.2
0.8
3.2
0.6
2.2
0.4
1.8
0.3
3.6
0.8
6.5
0.8
3.3
0.2
0.7
0.1
3.6
0.5
2.6
0.5
1.8
0.2
1.6
0.2
1.6
0.2
5.8
1.5
9.6
1.3
5.5
0.5
1.5
0.2
6.2
0.9
4.5
1.1
3.3
0.5
2.1
0.5
2.4
0.4
9.4
3.0
13.7
2.3
9.1
1.5
3.2
0.4
10.9
1.7
7.9
2.3
6.4
1.4
2.9
0.9
3.5
1.0
0.5
0.1
0.9
0.1
0.5
0.0
0.1
0.0
0.5
0.0
0.4
0.1
0.3
0.0
0.2
0.0
0.2
0.0
0.9
0.1
1.4
0.1
0.8
0.0
0.2
0.0
0.9
0.1
0.7
0.1
0.5
0.0
0.3
0.0
0.4
0.0
1.5
0.3
2.1
0.2
1.4
0.1
0.5
0.0
1.7
0.2
1.2
0.2
1.0
0.1
0.4
0.1
0.5
0.1
104.3
159.4
173.2
187.9
292.9
220.5
14.5
22.6
24.5
26.7
42.4
31.9
28.6
44.1
47.8
52.0
81.6
61.3
4.0
6.2
6.7
7.3
11.7
8.8
7.4
0.9
12.8
1.5
5.7
0.5
0.3
0.9
13.3
1.4
5.9
1.1
7.7
1.4
0.1
0.6
11.3
1.4
16.8
3.1
9.0
1.2
1.4
1.8
25.0
4.0
11.1
2.0
13.2
2.9
0.6
1.2
17.9
2.1
21.8
6.2
14.0
2.5
9.2
3.2
46.5
12.6
19.5
3.7
24.0
6.1
6.7
2.4
1.1
0.1
1.8
0.1
0.8
0.0
0.0
0.1
1.9
0.1
0.9
0.1
1.1
0.1
0.0
0.1
1.7
0.1
2.5
0.3
1.3
0.1
0.2
0.2
3.7
0.4
1.6
0.2
2.0
0.3
0.1
0.1
2.7
0.2
3.4
0.6
2.2
0.3
1.4
0.3
7.1
1.3
3.0
0.4
3.6
0.6
1.0
0.2
5.1
0.9
3.8
0.4
2.1
0.2
0.0
0.2
3.3
0.3
1.8
0.3
1.5
0.4
0.0
0.1
7.9
1.4
5.0
0.8
3.3
0.4
0.1
0.4
6.3
0.8
3.3
0.6
2.6
0.8
0.1
0.3
12.5
2.1
6.5
1.6
5.1
0.9
0.9
0.8
11.6
2.5
5.8
1.1
4.8
1.7
0.7
0.5
0.7
0.1
0.5
0.0
0.3
0.0
0.0
0.0
0.5
0.0
0.3
0.0
0.2
0.0
0.0
0.0
1.2
0.1
0.7
0.1
0.5
0.0
0.0
0.0
0.9
0.1
0.5
0.1
0.4
0.1
0.0
0.0
1.9
0.2
1.0
0.2
0.8
0.1
0.1
0.1
1.8
0.3
0.9
0.1
0.7
0.2
0.1
0.1
61.2
96.8
106.0
118.7
198.6
150.3
8.4
13.4
14.8
16.7
28.3
21.5
20.5
31.0
34.2
37.4
59.3
45.4
2.8
4.3
4.8
5.3
8.5
6.5
9.4
1.4
0.4
6.0
0.6
2.5
0.2
4.6
0.6
2.5
0.4
4.5
0.6
10.2
1.3
2.6
0.3
16.4
2.6
0.6
7.7
1.3
3.0
0.3
7.7
1.2
4.4
0.7
6.4
1.1
14.1
2.4
3.4
0.6
28.6
5.0
0.9
9.9
2.5
3.5
0.5
12.8
2.6
7.5
1.2
9.1
2.2
19.4
4.3
4.3
1.2
1.4
0.1
0.0
0.8
0.1
0.3
0.0
0.7
0.1
0.4
0.0
0.6
0.1
1.4
0.1
0.4
0.0
2.4
0.3
0.1
1.1
0.1
0.4
0.0
1.1
0.1
0.6
0.1
1.0
0.1
2.1
0.2
0.5
0.1
4.4
0.5
0.1
1.5
0.3
0.6
0.1
1.9
0.3
1.1
0.1
1.4
0.2
3.0
0.5
0.7
0.1
2.8
0.6
0.2
2.1
0.2
0.7
0.1
1.4
0.2
0.5
0.2
1.1
0.2
2.0
0.3
0.8
0.1
4.8
1.2
0.2
2.7
0.5
0.9
0.1
2.3
0.5
0.9
0.3
1.5
0.4
2.8
0.5
1.0
0.2
8.4
2.2
0.4
3.5
0.9
1.1
0.1
3.8
1.0
1.5
0.5
2.2
0.8
3.9
0.9
1.3
0.4
0.4
0.1
0.0
0.3
0.0
0.1
0.0
0.2
0.0
0.1
0.0
0.2
0.0
0.3
0.0
0.1
0.0
0.7
0.1
0.0
0.4
0.0
0.1
0.0
0.3
0.0
0.1
0.0
0.2
0.0
0.4
0.0
0.2
0.0
1.3
0.2
0.0
0.5
0.1
0.2
0.0
0.6
0.1
0.2
0.0
0.3
0.1
0.6
0.1
0.2
0.0
48.1
66.1
73.9
77.4
115.5
92.4
6.6
9.2
10.4
11.0
16.8
13.4
13.4
18.6
20.8
21.8
32.8
26.1
1.8
2.6
2.9
3.0
4.7
3.7
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
3
4
3
4
3
4
3
4
3
4
3
4
3
4
3
Arithmetic Sum(1)
Probabilistic Sum
(1)
Original In-Place
Low
0.70
1.00
0.30
0.25
0.37
0.35
0.10
0.25
0.25
0.20
0.30
0.30
0.20
0.28
0.10
0.23
Arithmetic Sum(1)
Probabilistic Sum
Poulo Wai North
A
A
B
C
C
D
D
E
E
F
F
G
G
H
H
I
I
Risked Oil (MMBBL)
Gross Recoverable
Sequence
Arithmetic Sum(1)
Probabilistic Sum
Da
DA-1
DA-1
A
A
B
B
C
C
D
D
E
E
F
F
G
G
Original In-Place
Pg
(Decimal)
0.29
0.45
0.40
0.36
0.37
0.30
0.30
0.30
0.37
0.20
0.39
0.24
0.38
0.20
0.20
0.30
0.30
Figure 19.7.17
Page 2 of 3
D-342

Area/
Fault Block
Poulo Wai Central
SP-1
SP-1
A
A
B
B
C
C
D
D
E
F
F
G
H
H
Sequence
Pg
(Decimal)
4
3
4
3
4
3
4
3
4
3
3
4
3
3
4
3
0.94
0.85
0.30
0.20
0.30
0.50
0.20
0.24
0.39
0.32
0.23
0.32
0.45
0.10
0.28
0.23
Best
High
Low
Best
High
Original In-Place
Low
Gross Recoverable
Best
High
Low
Best
High
5.0
1.2
8.7
1.7
3.3
0.8
4.7
1.1
6.6
1.5
0.5
9.0
1.2
0.6
7.0
1.1
7.4
2.2
14.3
3.7
5.2
1.9
6.4
2.0
12.6
3.8
1.2
14.8
2.9
0.9
11.4
2.2
0.5
0.1
0.7
0.1
0.3
0.0
0.5
0.1
0.5
0.1
0.0
0.7
0.1
0.0
0.6
0.0
0.7
0.1
1.3
0.2
0.5
0.1
0.7
0.1
1.0
0.1
0.1
1.3
0.1
0.1
1.0
0.1
1.1
0.2
2.2
0.4
0.8
0.2
1.0
0.2
1.9
0.4
0.1
2.3
0.3
0.1
1.7
0.2
3.2
0.5
1.6
0.1
0.6
0.2
0.7
0.2
1.3
0.2
0.1
1.6
0.2
0.0
1.3
0.1
4.7
1.0
2.6
0.3
1.0
0.4
0.9
0.3
2.6
0.5
0.1
2.9
0.5
0.1
2.0
0.2
7.0
1.9
4.3
0.7
1.6
1.0
1.3
0.5
4.8
1.2
0.3
4.7
1.3
0.1
3.2
0.5
0.5
0.0
0.2
0.0
0.1
0.0
0.1
0.0
0.2
0.0
0.0
0.2
0.0
0.0
0.2
0.0
0.7
0.1
0.4
0.0
0.1
0.0
0.1
0.0
0.4
0.0
0.0
0.4
0.1
0.0
0.3
0.0
1.1
0.2
0.7
0.1
0.2
0.1
0.2
0.0
0.7
0.1
0.0
0.7
0.1
0.0
0.5
0.1
31.8
49.5
53.9
58.5
93.0
70.8
4.3
6.8
7.5
8.2
13.1
9.9
11.9
18.2
20.1
21.8
34.4
26.0
1.6
2.5
2.8
3.1
4.9
3.7
3.4
0.3
4.6
0.5
0.2
0.2
1.8
0.2
3.7
0.5
6.3
0.7
0.5
4.8
0.6
6.6
1.0
1.0
0.5
2.6
0.4
5.2
0.9
9.5
1.5
1.0
6.8
1.3
9.6
2.1
4.6
1.3
3.7
0.7
7.2
1.7
14.0
3.3
2.1
0.5
0.0
0.6
0.0
0.0
0.0
0.3
0.0
0.5
0.0
0.9
0.1
0.0
0.7
0.1
1.0
0.1
0.1
0.0
0.4
0.0
0.8
0.1
1.4
0.1
0.1
1.1
0.1
1.4
0.2
0.7
0.1
0.6
0.1
1.1
0.2
2.2
0.3
0.2
1.5
0.2
1.7
0.2
0.0
0.1
0.2
0.0
1.0
0.1
1.9
0.2
0.2
2.2
0.3
2.5
0.4
0.1
0.2
0.3
0.0
1.5
0.2
2.9
0.5
0.4
3.1
0.6
3.6
0.8
0.5
0.4
0.4
0.1
2.1
0.4
4.2
1.1
0.8
0.2
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.3
0.0
0.0
0.3
0.0
0.4
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.4
0.0
0.0
0.5
0.1
0.5
0.1
0.1
0.0
0.1
0.0
0.3
0.0
0.7
0.1
0.1
22.7
32.4
35.6
38.5
58.4
45.6
3.1
4.5
5.0
5.4
8.3
6.5
7.3
10.3
11.4
12.2
18.0
14.3
1.0
1.4
1.6
1.7
2.6
2.0
6.0
0.8
15.4
1.9
0.9
6.9
0.7
10.9
1.7
24.4
4.3
1.7
11.3
1.7
19.1
3.7
37.2
10.1
3.0
18.2
3.7
0.9
0.1
2.2
0.2
0.1
1.0
0.1
1.6
0.2
3.6
0.4
0.2
1.7
0.2
3.0
0.4
5.8
1.0
0.3
2.8
0.4
0.9
0.2
3.1
0.4
0.2
2.0
0.2
1.6
0.4
4.9
0.9
0.3
3.3
0.5
2.9
0.8
7.4
2.0
0.6
5.3
1.1
0.1
0.0
0.4
0.0
0.0
0.3
0.0
0.2
0.0
0.7
0.1
0.0
0.5
0.0
0.4
0.1
1.2
0.2
0.1
0.8
0.1
Arithmetic Sum(1)
Probabilistic Sum
32.5
46.4
56.0
59.4
95.0
77.0
4.5
6.3
7.8
8.3
13.6
11.1
6.9
9.9
11.9
12.6
20.1
16.2
1.0
1.3
1.7
1.8
2.9
2.3
Arithmetic Sum(1)
668.6
810.5
1,000.4
93.2
114.4
143.3
206.2
249.9
306.0
28.7
35.2
43.9
Poulo Wai South

A
A
B
B
C
C
D
D
E
E
F
F
G
4
3
4
3
4
3
4
3
4
3
4
3
3
0.46
0.47
0.37
0.38
0.10
0.32
0.10
0.10
0.29
0.25
0.30
0.33
0.40
Arithmetic Sum(1)
Probabilistic Sum
(1)
Low
Risked Oil (MMBBL)
Gross Recoverable
3.4
0.6
5.2
0.7
2.0
0.3
3.6
0.6
3.5
0.5
0.2
5.1
0.5
0.4
4.5
0.5
Arithmetic Sum(1)
Probabilistic Sum
Rotanak
A
A
B
B
C
D
D
Original In-Place
4
3
4
3
3
4
3
0.15
0.23
0.20
0.20
0.20
0.29
0.30
Figure 19.7.17
Page 3 of 3
D-343
Figure 19.7.18
D-344
Drilling costs are for 22 producing and 2 water injection wells.

Abandonment costs are based on Jasmine Field abandonment costs.
26.60
35.20
54.70
(2)
(1)
13.60
62.50
15.00
5.00
Total
5.00
15.00
5.00
Abandonment(2)
5.5
Thereafter
74.20
Total
207.60
15.00
20.50
90.50
61.80
0.70
2016
28.70
13.60
2015
Drilling(1)
30.20
2014
7.40
21.60
2013
7.40
8.1
Previous
Pipeline
Category

A PLATFORM, APSARA AREA
Figure 19.7.19
D-345
FSO expenses start on June 1, 2016, at $75,000 per day.

Platform expenses start on June 1, 2016, at $30 million per year.
0.0
0.0
(2)
0.0
33.5
(1)
Total
2016
17.5
2015
16.0
2014
Platform Fixed OPEX(2)
2013
FSO(1)
Category
57.4
30.0
27.4
2017

A PLATFORM, APSARA AREA
57.4
30.0
27.4
Thereafter
Figure 19.7.20
D-346
1,609.6
382.9
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
4,900.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
1,163.8
382.3
90.9
0.0
0.0
0.0
187.4
503.2
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
103,763.4
34,085.0
8,109.2
0.0
0.0
0.0
16,706.6
44,862.7
OIL
(M$)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
194,000.0
0.0
15,000.0
26,600.0
35,200.0
54,700.0
62,500.0
0.0
GROSS
(100%)
INVSTMT
(M$)
975.5
320.4
76.2
0.0
0.0
0.0
157.1
421.8
OIL
(MBBL)
NET RESOURCES
167,343.8
57,375.0
19,125.0
0.0
0.0
0.0
33,468.8
57,375.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
LOW ESTIMATE (1C) CONTINGENT RESOURCES
(1)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
WORKING INTEREST
RESOURCES (23.75%)
ULTIMATE
CUM PROD
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
4,900.0
0.0
0.0
0.0
788.9
2,118.5
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
OIL
(MBBL)
PERIOD
ENDING
GROSS RESOURCES

39,744.2
13,626.6
4,542.2
0.0
0.0
0.0
7,948.8
13,626.6
NET
OPERATING
EXPENSE
(M$)
1,332.6
505.3
102.7
315.9
418.0
649.6
338.3
(997.1)
NET
TAXES(1)
(M$)
16,611.7
19,953.2
(98.3)
(6,633.4)
(8,778.0)
(13,640.8)
(6,424.3)
32,233.3
NET
CASH FLOW
(M$)

5,441.1
(464.1)
(3,294.1)
(5,330.7)
(6,790.1)
3,467.0
3,519.9
3,467.0
(6,324.7)
(13,933.3)
(24,682.1)
(29,284.1)
(8,292.9)
CUM
CASH FLOW
DISC AT 10%
(M$)
46,075.0
0.0
3,562.5
6,317.5
8,360.0
12,991.3
14,843.8
0.0
NET
INVSTMT
(M$)
A PLATFORM
APSARA AREA, BLOCK A
OFFSHORE CAMBODIA
Figure 19.7.21
D-347
2,436.3
1,704.8
612.1
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
8,600.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
2,042.5
578.6
404.9
145.4
0.0
0.0
0.0
229.6
684.0
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
170,185.7
48,939.7
27,580.4
12,205.8
0.0
0.0
0.0
20,472.2
60,987.5
OIL
(M$)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
194,000.0
0.0
0.0
15,000.0
26,600.0
35,200.0
54,700.0
62,500.0
0.0
GROSS
(100%)
INVSTMT
(M$)
1,600.0
460.1
259.3
114.8
0.0
0.0
0.0
192.5
573.4
OIL
(MBBL)
NET RESOURCES
234,281.3
57,375.0
57,375.0
28,687.5
0.0
0.0
0.0
33,468.8
57,375.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
(1)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
WORKING I`NTEREST
RESOURCES (23.75%)
ULTIMATE
CUM PROD
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
8,600.0
0.0
0.0
0.0
966.8
2,880.0
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
OIL
(MBBL)
PERIOD
ENDING
GROSS RESOURCES

55,641.8
13,626.6
13,626.6
6,813.3
0.0
0.0
0.0
7,948.8
13,626.6
NET
OPERATING
EXPENSE
(M$)
6,635.8
1,685.5
3,477.8
446.9
315.9
418.0
649.6
249.6
(607.4)
NET
TAXES(1)
(M$)
61,833.1
33,627.7
10,476.0
1,383.2
(6,633.4)
(8,778.0)
(13,640.8)
(2,570.0)
47,968.4
NET
CASH FLOW
(M$)
30,938.7
24,623.7
30,261.9
30,938.7
(6,324.7)
(13,933.3)
(24,682.1)
(26,523.1)
4,715.2
CUM
CASH FLOW
DISC AT 10%
(M$)

FOR 25 PCT, PRESENT WORTH M$334
35,658.4
21,376.2
14,271.0
8,945.6
4,925.4
46,075.0
0.0
0.0
3,562.5
6,317.5
8,360.0
12,991.3
14,843.8
0.0
NET
INVSTMT
(M$)
A PLATFORM
OFFSHORE CAMBODIA
Figure 19.7.22
D-348
14,952.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
3,551.3
855.0
721.2
501.4
348.6
0.0
0.0
0.0
270.1
855.0
OIL
(MBBL)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
260,216.1
56,419.8
44,652.5
32,790.5
26,038.0
0.0
0.0
0.0
24,080.9
76,234.3
OIL
(M$)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
194,000.0
0.0
0.0
0.0
15,000.0
26,600.0
35,200.0
54,700.0
62,500.0
0.0
GROSS
(100%)
INVSTMT
(M$)
2,446.4
530.4
419.8
308.3
244.8
0.0
0.0
0.0
226.4
716.7
OIL
(MBBL)
NET RESOURCES
320,343.8
57,375.0
57,375.0
57,375.0
57,375.0
0.0
0.0
0.0
33,468.8
57,375.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
(1)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GAS
(MMCF)
WORKING INTEREST
RESOURCES (23.75%)
ULTIMATE
CUM PROD
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
14,952.7
3,600.0
3,036.5
2,111.2
1,467.8
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
0.0
0.0
0.0
1,137.2
3,600.0
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESOURCES

76,081.7
13,626.6
13,626.6
13,626.6
13,626.6
0.0
0.0
0.0
7,948.8
13,626.6
NET
OPERATING
EXPENSE
(M$)
24,022.8
7,984.0
7,745.9
4,780.4
2,201.6
315.9
418.0
649.6
164.7
(237.1)
NET
TAXES(1)
(M$)
114,036.6
34,809.2
23,280.1
14,383.6
6,647.4
(6,633.4)
(8,778.0)
(13,640.8)
1,123.6
62,844.9
NET
CASH FLOW
(M$)
60,180.9
37,657.1
50,186.6
57,224.1
60,180.9
(6,324.7)
(13,933.3)
(24,682.1)
(23,877.2)
17,049.2
CUM
CASH FLOW
DISC AT 10%
(M$)

68,294.7
43,866.0
31,842.7
22,871.8
16,105.8
46,075.0
0.0
0.0
0.0
3,562.5
6,317.5
8,360.0
12,991.3
14,843.8
0.0
NET
INVSTMT
(M$)
A PLATFORM
OFFSHORE CAMBODIA
BLOCK 105
OFFSHORE VIETNAM
20.1
OVERVIEW
Block 105 is located in the South China Sea, as shown in Figure 20.5.1, and is approximately
7,192 km2 in area. The block extends close to the Vietnam coast and ranges in water depths
from 20 to 75 m. Vintage 2-D seismic data were integrated with new 2-D seismic data to
identify prospects and leads.
Prospective oil resources have been estimated for four prospects and six leads with one to
four targets for each prospect or lead. A geologic risk assessment was performed for these
prospects and leads, as discussed in the Executive Summary. We did not perform an
economic analysis on these resources; as such, the economic status of these resources is
undetermined.
prospective resources to the KrisEnergy working interest in Block 105, as of December 31,
2012, to be:
Subclassification/
Category
Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Gas
Cond.
Gas
Cond.
Gas
Cond.
Gas
Cond.
(BCF)
(MMBBL) (BCF) (MMBBL)
(BCF)
(MMBBL) (BCF) (MMBBL)
Prospects
Low Estimate
Best Estimate
High Estimate
2,771.2
4,921.5
10,604.3
19.9
36.9
92.1
350.3
544.1
997.3
2.5
4.3
8.6
692.8
1,230.4
2,651.1
5.0
9.2
23.0
87.6
136.0
249.3
0.6
1.1
2.2
Leads
Low Estimate
Best Estimate
High Estimate
1,768.4
2,675.4
4,082.7
12.9
21.7
35.7
239.9
365.1
567.0
1.7
2.9
4.9
442.1
668.8
1,020.7
3.2
5.4
8.9
60.0
91.3
141.7
0.4
0.7
1.2
(1)
KrisEnergys current working interest is 25 percent in Block 105.
volumes are expressed in MMBBL; a barrel is equivalent to 42 United States gallons. The
prospective resources shown for Block 105 have been estimated using probabilistic methods
and are dependent on a petroleum discovery being made.
20.2
DATA SOURCES
utilized in our evaluation in addition to the data listed in the Executive Summary are the five
varying vintages of 2-D seismic data available for Block 105. In total, over 4,933 linear km are
available within the block, including 1,806 linear km of 2-D seismic data acquired by Neon
Energy Limited (Neon) in 2010.
20.3

Block 105 extends close to the Vietnam coast and has relatively shallow water depths that vary
from less than 20 m in the west to around 75 m in the east. Large gas fields, including the
Dong Fang, Le Dong, and Yacheng Fields, are located to the east in Chinese waters. The
OGIP in these fields range from 3 to 10 TCF, with high inert gas content (CO2 and N2) being
reported. Gas from these fields is currently evacuated via pipeline to the China shoreline.
Page 78
D-349
The South China Sea is a typical passive margin that has undergone rift to drift tectonics
commencing during the Early Tertiary, culminating in sea-floor spreading during the MidOligocene. The tectonic elements of the South China Sea incorporate elements of extensional
and strike-slip tectonics. Vietnam Block 105 lies within the offshore Song Hong Basin in the
South China Sea. The structural configuration of the block is dominated by north-northwest-tosouth-southeast-trending tectonic elements. The present day shelf is approximately 40 km
wide. Block 105 incorporates part of the central trough of the Song Hong Basin. Oligocene to
Recent fill is interpreted to reach up to 12 km in the basin depocenter. In the eastern
depocenter, shale diapirism with overpressured shales occurs in the deeper section of the
basin.
Offshore Vietnam Block 105 contains all the elements of a successful petroleum system,
although migration timing is critical to success in the Central Song Hong Basin. Reservoirs and
seal sediments are expected throughout the section of interest. Structural trap formation
occurred during the Oligocene to Early Miocene and later in the Pliocene and Pleistocene.
Two key source intervals are interpreted, one in the Oligocene and one in the Middle to Late
Miocene. The Oligocene source is interpreted to have generated oil and gas. This source
could include high concentrations of CO2. The Middle to Late Miocene source is likely to also
have generated oil in the basin. Although the Oligocene source rocks have not been
encountered in this area, they are presumed to contain an organic-rich deltaic facies and
possibly some calcareous shales, which could also have generated gas and associated CO2.
KrisEnergy provided an SMT project with outlines for each prospect or lead and four to five
interpreted seismic horizons embedded within the SMT project. The horizons were named
based on potential stratigraphic ages as interpreted by KrisEnergy or from a previous
interpretation. These horizons are not tied to any well data and are mostly derived from
sequence stratigraphy studies within the general area. For each prospect or lead, we reviewed
KrisEnergys interpretation and generated an independent seismic interpretation, including
amplitude extractions. We evaluated all prospective horizons included in KrisEnergys prospect
and lead inventory.
The range of GRV for each prospect or lead was derived by multiplying ranges of area, gross
reservoir thickness, and reservoir shape factors. Area ranges are based on either the
interpreted areal extent of a seismic amplitude or structural closure. For the prospects and
leads with areas based on seismic amplitude, the range of areas was derived by extracting the
amplitude response over the interval of interest. Reservoir thickness is based on one full cycle
in the seismic. For the prospects and leads with areas based on structural closure, the range
of areas was derived using the maximum structural closure defined by a fault tip-out or a spill
point. Reservoir thickness in the high estimate case is based on the height of the hydrocarbon
column (the crest of the structure to the maximum closing contour). In the best estimate case,
we used one-half of the column height.
20.4

OHIP and prospective resources for Block 105. We determined the type of distribution and
input parameters for the various volumetric parameters by individual prospect or lead and
interval. GRV input parameters were defined by a lognormal distribution, with input values of
P50 and P05 based on the methodology discussed earlier. The remaining volumetric
Page 79
D-350
parameters were all input as triangular distributions defined by P90, most likely, and P10
values. Probability ranges for these inputs were estimated based on analogous fields in the
region and our knowledge of similar reservoirs, since no wells have been drilled in Block 105.
Page 80
D-351
NETHERLAND, SEWELL
& ASSOCIATES, INC.
10600'00"
10630'00"
10700'00"
10730'00"
1830'00"
Block
105
1800'00"
Vietnam
10930'00"
10900'00"
11000'00"
11030'00"
1500'00"
Block
120
1430'00"
Vietnam
Block 105
Hainan
South China Sea

Laos
Thailand
Block 120
Vietnam
Cambodia
Legend
Blocks 105 and 120
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Offshore Vietnam
Location Map
SCALE IN KILOMETERS
0
20
40
80
Figure 20.5.1
D-352

BLOCK 105, OFFSHORE VIETNAM
Gross Rock Volume
(Acre-Feet)
Subclassification/
Name
Interval
Prospects
Cua Lo
Cua Lo
Cua Lo
Cua Lo
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 3
Song Ca 3
Song Ca 3
Song Ca 3
Leads
Lead 1
Lead 1
Lead 1
Lead 2
Lead 3-1
Lead 3-2
Lead 4
Lead 5
P95
Net-to-Gross Ratio
(Decimal)
Most
Likely
P05
3.0Ma
4.2Ma
4.5Ma
5.5Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
756,462
2,072,936
16,659,398
4,234,197
102,672
151,202
88,374
153,187
346,518
622,688
358,447
220,514
85,829
477,360
798,147
859,799
2,036,335
5,977,634
48,235,308
12,914,895
238,427
351,125
205,223
355,735
804,692
1,446,019
832,393
512,083
199,315
1,108,536
1,853,475
1,996,644
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.35
0.35
0.35
0.35
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.50
0.50
0.50
0.50
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.15
0.15
0.15
0.15
0.15
0.15
0.10
0.10
0.15
0.15
0.10
0.10
0.15
0.15
0.10
0.10
0.20
0.20
0.20
0.20
0.20
0.20
0.15
0.15
0.20
0.20
0.15
0.15
0.20
0.20
0.15
0.15
0.25
0.25
0.25
0.25
0.25
0.25
0.20
0.20
0.25
0.25
0.20
0.20
0.25
0.25
0.20
0.20
5.5Ma
6.0Ma
9.2Ma
7.0Ma
4.4Ma
4.4Ma
3.6Ma
3.6Ma
1,395,245
3,200,259
2,089,132
2,915,575
1,636,550
3,289,761
981,190
504,946
2,835,061
6,502,748
4,245,000
5,924,287
3,325,379
6,684,611
1,993,723
1,026,022
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.35
0.35
0.35
0.40
0.35
0.35
0.40
0.40
0.50
0.50
0.50
0.60
0.50
0.50
0.60
0.60
0.15
0.10
0.10
0.10
0.15
0.15
0.15
0.15
0.20
0.15
0.15
0.15
0.20
0.20
0.20
0.20
0.25
0.20
0.20
0.20
0.25
0.25
0.25
0.25
Subclassification/
Name
Interval
Prospects
Cua Lo
Cua Lo
Cua Lo
Cua Lo
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 3
Song Ca 3
Song Ca 3
Song Ca 3
3.0Ma
4.2Ma
4.5Ma
5.5Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
Leads
Lead 1
Lead 1
Lead 1
Lead 2
Lead 3-1
Lead 3-2
Lead 4
Lead 5
5.5Ma
6.0Ma
9.2Ma
7.0Ma
4.4Ma
4.4Ma
3.6Ma
3.6Ma
High

(SCF/ft3)
Low
Most
Likely
P50
Gas Saturation
(Decimal)
Low
Porosity
(Decimal)
High
(Decimal)
Most
Likely
High
Low
Most
Likely
High
Low
Most
Likely
High
0.60
0.60
0.60
0.55
0.60
0.55
0.50
0.50
0.60
0.55
0.50
0.50
0.60
0.55
0.50
0.50
0.75
0.75
0.75
0.75
0.75
0.75
0.70
0.70
0.75
0.75
0.70
0.70
0.75
0.75
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
120
120
180
180
120
200
200
200
120
200
200
200
120
200
200
200
150
150
205
205
150
250
250
250
150
250
250
250
150
250
250
250
180
180
230
230
180
300
300
300
180
300
300
300
180
300
300
300
0.25
0.25
0.25
0.25
0.65
0.65
0.30
0.30
0.65
0.65
0.30
0.30
0.65
0.65
0.30
0.30
0.50
0.50
0.50
0.50
0.84
0.84
0.50
0.50
0.84
0.84
0.50
0.50
0.84
0.84
0.50
0.50
0.75
0.75
0.75
0.75
0.92
0.92
0.70
0.70
0.92
0.92
0.70
0.70
0.92
0.92
0.70
0.70
0.55
0.50
0.50
0.50
0.60
0.60
0.60
0.60
0.75
0.70
0.70
0.70
0.75
0.75
0.75
0.75
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
200
200
240
270
120
120
120
120
225
240
280
300
150
150
150
150
250
280
320
330
180
180
180
180
0.30
0.30
0.30
0.30
0.25
0.25
0.65
0.65
0.50
0.50
0.50
0.50
0.50
0.50
0.84
0.84
0.70
0.70
0.70
0.70
0.75
0.75
0.92
0.92
Low
Figure 20.5.2
Page 1 of 2
D-353

Recovery Factor
(Decimal)
Condensate Yield
(BBL/MMCF)

(Decimal)
Subclassification/
Name
Interval
Low
Most
Likely
High
Low
Most
Likely
High
Low
Most
Likely
High
Prospects
Cua Lo
Cua Lo
Cua Lo
Cua Lo
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 3
Song Ca 3
Song Ca 3
Song Ca 3
3.0Ma
4.2Ma
4.5Ma
5.5Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
Leads
Lead 1
Lead 1
Lead 1
Lead 2
Lead 3-1
Lead 3-2
Lead 4
Lead 5
5.5Ma
6.0Ma
9.2Ma
7.0Ma
4.4Ma
4.4Ma
3.6Ma
3.6Ma
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.85
0.85
0.85
0.85
0.85
0.85
0.85
0.85
5
5
5
5
5
5
5
5
10
10
10
10
10
10
10
10
20
20
20
20
20
20
20
20
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.30
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
Figure 20.5.2
Page 2 of 2
D-354
Figure 20.5.3
Page 1 of 2
D-355
0.16
0.19
0.16
0.13
0.10
0.10
0.13
0.10
0.09
0.15
0.08
0.08
0.26
0.26
0.15
0.15
0.26
0.26
0.15
0.15
0.15
0.15
0.15
0.15
Pg
(Decimal)
1,063.6
2,490.8
105.4
176.5
154.0
220.7
82.6
170.5
99.4
54.6
1,738.8
3,927.2
30.1
87.0
1,028.4
219.2
8.9
24.4
5.1
8.7
33.0
91.9
21.0
12.7
8.3
69.3
44.5
46.4
2,998.5
3,639.6
303.3
487.3
415.3
658.9
235.8
476.8
279.4
141.7
5,595.1
6,638.1
103.9
304.3
3,225.8
783.9
27.3
66.8
17.0
28.0
95.5
281.7
69.7
41.7
23.6
208.1
156.4
161.5
7,603.8
5,415.0
704.8
1,286.0
1,029.1
1,727.9
607.0
1,266.3
656.5
326.2
17,122.2
13,797.6
319.0
943.5
10,175.5
2,487.5
69.2
168.3
48.0
86.8
254.6
741.2
182.5
115.7
58.2
534.5
461.6
475.9
717.5
1,768.4
68.5
119.6
103.7
151.9
54.0
116.7
65.7
37.4
1,201.6
2,771.2
21.3
60.5
716.2
151.1
5.8
15.8
3.3
5.8
21.9
63.4
14.1
8.5
5.6
47.0
29.5
31.6
2,151.6
2,675.4
216.2
341.5
301.4
472.9
167.6
347.4
203.0
101.6
4,027.9
4,921.5
73.9
216.3
2,332.7
562.9
19.9
48.4
12.2
19.7
67.4
199.6
50.3
30.6
16.9
151.2
112.5
113.4
5,801.1
4,082.7
536.1
978.2
771.8
1,349.2
464.9
942.4
507.0
251.5
13,115.6
10,604.3
242.2
713.7
7,899.0
1,837.8
52.1
127.0
36.5
66.1
191.0
582.8
138.7
89.7
42.9
400.7
346.5
348.7
145.6
337.2
16.6
33.4
24.3
27.8
8.3
17.2
12.5
5.5
184.6
480.8
2.6
13.2
77.8
16.6
2.3
6.5
0.8
1.3
8.7
24.3
3.2
1.9
1.3
10.5
6.7
7.0
409.6
494.3
47.8
92.1
65.4
83.0
23.8
48.1
35.2
14.3
589.6
734.6
9.0
46.0
243.9
59.3
7.2
17.7
2.6
4.2
25.3
74.5
10.5
6.3
3.6
31.5
23.7
24.4
1,038.3
749.7
111.0
243.0
162.1
217.7
61.2
127.6
82.7
32.9
1,750.8
1,306.1
27.6
142.7
769.3
188.1
18.3
44.5
7.3
13.1
67.4
196.1
27.6
17.5
8.8
80.8
69.8
72.0
98.1
239.9
10.8
22.6
16.3
19.1
5.4
11.8
8.3
3.8
126.8
350.3
1.8
9.2
54.1
11.4
1.5
4.2
0.5
0.9
5.8
16.8
2.1
1.3
0.9
7.1
4.5
4.8
293.4
365.1
34.1
64.5
47.5
59.6
16.9
35.0
25.6
10.2
423.3
544.1
6.4
32.7
176.4
42.6
5.3
12.8
1.8
3.0
17.8
52.8
7.6
4.6
2.6
22.9
17.0
17.2
792.0
567.0
84.4
184.9
121.6
170.0
46.9
95.0
63.9
25.4
1,339.3
997.3
20.9
107.9
597.2
138.9
13.8
33.6
5.5
10.0
50.5
154.2
21.0
13.6
6.5
60.6
52.4
52.7
Risked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
5.5Ma
6.0Ma
9.2Ma
7.0Ma
4.4Ma
4.4Ma
3.6Ma
3.6Ma
3.0Ma
4.2Ma
4.5Ma
5.5Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
Interval
(1)
Arithmetic Sum(1)
Probabilistic Sum
Leads
Lead 1
Lead 1
Lead 1
Lead 2
Lead 3-1
Lead 3-2
Lead 4
Lead 5
Arithmetic Sum(1)
Probabilistic Sum
Prospects
Cua Lo
Cua Lo
Cua Lo
Cua Lo
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 3
Song Ca 3
Song Ca 3
Song Ca 3
Subclassification/
Name
Unrisked Gas (BCF)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High

Figure 20.5.3
Page 2 of 2
D-356
0.16
0.19
0.16
0.13
0.10
0.10
0.13
0.10
0.09
0.15
0.08
0.08
0.26
0.26
0.15
0.15
0.26
0.26
0.15
0.15
0.15
0.15
0.15
0.15
Pg
(Decimal)
8.8
26.7
0.8
1.4
1.2
2.0
0.6
1.5
0.8
0.4
14.6
41.1
0.3
0.7
8.6
1.9
0.1
0.2
0.0
0.1
0.3
0.7
0.2
0.1
0.1
0.6
0.4
0.4
32.6
43.4
3.2
5.2
4.5
7.2
2.5
5.4
3.0
1.6
58.9
75.7
1.1
3.4
33.4
8.3
0.3
0.7
0.2
0.3
1.1
3.1
0.7
0.5
0.3
2.2
1.7
1.7
102.1
70.5
9.6
16.4
14.0
24.1
8.0
16.6
9.0
4.4
222.6
181.5
4.1
12.8
132.7
31.4
0.9
2.2
0.6
1.1
3.4
10.0
2.4
1.5
0.8
7.0
5.9
5.8
3.8
12.9
0.4
0.6
0.5
0.8
0.3
0.6
0.4
0.2
6.4
19.9
0.1
0.3
3.7
0.9
0.0
0.1
0.0
0.0
0.1
0.3
0.1
0.1
0.0
0.3
0.2
0.2
15.6
21.7
1.6
2.6
2.2
3.4
1.2
2.6
1.4
0.8
28.3
36.9
0.5
1.6
16.0
4.0
0.1
0.3
0.1
0.1
0.5
1.5
0.3
0.2
0.1
1.0
0.8
0.8
51.8
35.7
5.0
8.7
7.1
11.6
4.1
8.6
4.4
2.4
115.1
92.1
2.1
6.6
68.7
16.5
0.5
1.2
0.3
0.6
1.7
4.9
1.3
0.8
0.4
3.6
3.0
3.0
1.2
3.6
0.1
0.3
0.2
0.3
0.1
0.1
0.1
0.0
1.5
5.2
0.0
0.1
0.7
0.1
0.0
0.1
0.0
0.0
0.1
0.2
0.0
0.0
0.0
0.1
0.1
0.1
4.4
5.9
0.5
1.0
0.7
0.9
0.2
0.5
0.4
0.2
6.3
8.7
0.1
0.5
2.5
0.6
0.1
0.2
0.0
0.0
0.3
0.8
0.1
0.1
0.0
0.3
0.3
0.3
13.9
9.6
1.5
3.1
2.2
3.0
0.8
1.7
1.1
0.4
22.8
16.8
0.4
1.9
10.0
2.4
0.2
0.6
0.1
0.2
0.9
2.6
0.4
0.2
0.1
1.1
0.9
0.9
0.5
1.7
0.1
0.1
0.1
0.1
0.0
0.1
0.0
0.0
0.7
2.5
0.0
0.0
0.3
0.1
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
2.1
2.9
0.2
0.5
0.3
0.4
0.1
0.3
0.2
0.1
3.0
4.3
0.0
0.2
1.2
0.3
0.0
0.1
0.0
0.0
0.1
0.4
0.1
0.0
0.0
0.2
0.1
0.1
7.1
4.9
0.8
1.6
1.1
1.5
0.4
0.9
0.6
0.2
11.8
8.6
0.2
1.0
5.2
1.2
0.1
0.3
0.0
0.1
0.4
1.3
0.2
0.1
0.1
0.5
0.5
0.4

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
5.5Ma
6.0Ma
9.2Ma
7.0Ma
4.4Ma
4.4Ma
3.6Ma
3.6Ma
3.0Ma
4.2Ma
4.5Ma
5.5Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
4.0Ma
6.0Ma
13.8Ma
17.0Ma
Interval
(1)
Arithmetic Sum(1)
Probabilistic Sum
Leads
Lead 1
Lead 1
Lead 1
Lead 2
Lead 3-1
Lead 3-2
Lead 4
Lead 5
Arithmetic Sum(1)
Probabilistic Sum
Prospects
Cua Lo
Cua Lo
Cua Lo
Cua Lo
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 1
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 2
Song Ca 3
Song Ca 3
Song Ca 3
Song Ca 3
Subclassification/
Name

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High

BLOCK 120
OFFSHORE VIETNAM
21.1
OVERVIEW
Block 120 is located in the Quang Ngai Graben, a subbasin of the Song Hong Basin, in the
South China Sea. A location map is shown in Figure 20.5.1. Block 120 is approximately 8,574
km2 in area and ranges in water depths from 50 to over 1,000 m. Vintage 2-D seismic data
were integrated with new 2-D seismic data to identify prospects and leads.
Prospective oil resources have been estimated for three prospects and ten leads with one to
three targets for each prospect or lead. A geologic risk assessment was performed for these
prospects and leads, as discussed in the Executive Summary. We did not perform an
economic analysis on these resources; as such, the economic status of these resources is
undetermined.
prospective oil resources to the KrisEnergy working interest in the Block 120, as of
Subclassification/
Category
Prospective Oil Resources (MMBBL)

Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
Prospects
Low Estimate
Best Estimate
High Estimate
867.4
1,471.6
2,518.1
115.7
206.7
361.5
216.9
367.9
629.5
28.9
51.7
90.4
Leads
Low Estimate
Best Estimate
High Estimate
1,381.3
2,068.8
3,232.5
135.5
198.8
311.2
345.3
517.2
808.1
33.9
49.7
77.8
(1)
KrisEnergys current working interest is 25 percent in Block 120.
The oil resources shown include crude oil only. Oil volumes are expressed in MMBBL; a barrel
is equivalent to 42 United States gallons. The prospective resources shown for Block 120 have
been estimated using probabilistic methods and are dependent on a petroleum discovery
being made.
21.2
DATA SOURCES
utilized in our evaluation in addition to the data listed in the Executive Summary are varying
vintages of 2-D seismic data available for Block 120. In total, over 6,787 linear km are
available within the block, including 2,020 linear km of 2-D seismic data acquired by Neon in
2010.
21.3

Block 120 lies within the Quang Ngai Graben in the offshore Da Nang Province of the South
China Sea. The block is dominated by several key tectonic elements separated by northPage 81
D-357
northwest-south-southeast-trending faults. The Da Nang Shelf is located directly offshore Da

Nang on the Vietnam coastline. The shelf incorporates Neogene clastic sediments deposited
over pre-Tertiary basement and is approximately 30 km wide. Platform and reef carbonates
were deposited during the Miocene.
A favorable petroleum system is interpreted for the offshore Da Nang Province. A variety of
potential reservoirs were deposited across the area, from Oligocene alluvial fans to Pliocene
turbidites. Source rocks were deposited at the base of the Tertiary succession in the Oligocene
syn-rift. The bulk of the source section reached peak oil generation and expulsion from
5.5 million years before present (Ma) to present day. The timing of the petroleum system for
Block 120 is favorable, with reservoirs, seals, and traps formed prior to peak oil generation.
Based on a geological study, there are 18 known oil seeps onshore and west of Block 120.
Basin modeling suggests that the Oligocene source interval is oil mature in the Quang Ngai
Graben and in the small half grabens throughout much of Block 120. The nearest penetration
of productive reservoirs is 250 km north in the Yacheng Gas Field, where the 200-m gross pay
zone reportedly produced up to 40 MMCF of gas per day and 600 BCPD from Oligocene
sands. These sands range in porosity from 8 to 15 percent between 3,600 and 4,000 m. The
net-to-gross in these sands is also very high, reaching 90 percent.
KrisEnergy provided an SMT project with outlines for each prospect or lead and four to five
interpreted seismic horizons embedded within the SMT project. The horizons were named
based on potential stratigraphic ages as interpreted by KrisEnergy or from a previous
interpretation. These horizons were tied to the 120-CS-1X well, the only well in Block 120. For
each prospect or lead, we reviewed KrisEnergys interpretation and generated an independent
seismic interpretation, including amplitude extractions. We evaluated all prospective horizons
included in KrisEnergys prospect and lead inventory.
The range of GRV for each prospect or lead was derived by multiplying ranges of area, gross
reservoir thickness, and reservoir shape factors. Area ranges are based on either the
interpreted areal extent of a seismic amplitude or structural closure. For the prospects and
leads with areas based on seismic amplitude, the range of areas was derived by extracting the
amplitude response over the interval of interest. For the prospects and leads with areas based
on structural closure, the range of areas was derived using the maximum structural closure
defined by a fault tip-out or a spill point. Gross thickness for all prospects and leads is based
on one full cycle in the seismic.
21.4

OOIP and prospective resources for Block 120. We determined the type of distribution and
input parameters for the various volumetric parameters by individual prospect or lead and
interval. GRV input parameters were defined by a lognormal distribution, with input values of
P50 and P05 based on the methodology discussed earlier. The remaining volumetric
parameters were all input as triangular distributions defined by P90, most likely, and P10
values. Probability ranges for these inputs were estimated based on analogous fields in the
region and our knowledge of similar reservoirs.
risked OOIP and gross (100 percent) prospective resources calculated in the probabilistic
Page 82
D-358

Gross Rock Volume
(Acre-Feet)
Subclassification/
Name
Interval
P95
Net-to-Gross Ratio
(Decimal)
Porosity
(Decimal)
P50
P05
Low
Most
Likely
High
Low
Most
Likely
High
Prospects
Ca Lang
Ca Lang
Ca Lang
Ca Sau
Ca Sau
Ca Sau
Rua Bien
Rua Bien
Rua Bien
10.5Ma
25.5Ma
Basement
10.5Ma
25.5Ma
Basement
5.0Ma
6.5Ma
8.2Ma
4,452,879
2,139,884
3,442,918
722,964
3,021,880
6,077,585
5,214,254
1,662,878
684,187
9,048,002
4,348,125
6,995,817
1,469,024
6,140,292
12,349,315
10,595,075
3,378,877
1,390,230
0.30
0.20
0.10
0.30
0.20
0.10
0.40
0.20
0.20
0.50
0.40
0.15
0.50
0.40
0.15
0.60
0.40
0.40
0.70
0.60
0.20
0.70
0.60
0.20
0.80
0.60
0.60
0.15
0.10
0.02
0.15
0.10
0.02
0.15
0.15
0.15
0.20
0.15
0.02
0.20
0.15
0.02
0.20
0.20
0.20
0.25
0.20
0.05
0.25
0.20
0.05
0.25
0.25
0.25
Leads
Lead 1
Lead 2
Lead 2
Lead 3
Lead 3
Lead 4
Lead 4
Lead 5
Lead 6
Lead 7
Lead 8
Lead 9
Lead 9
Lead 10
5.6Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
8.2Ma
6.5Ma
9.5Ma
13.8Ma
10.5Ma
17.0Ma
9.0Ma
1,815,348
621,704
747,970
719,675
621,420
248,681
692,677
880,555
1,231,616
2,899,984
2,303,616
3,483,028
5,415,040
3,217,579
3,688,687
1,263,267
1,519,833
1,462,341
1,262,691
505,307
1,407,480
1,789,238
2,502,576
5,892,606
4,680,820
7,077,320
11,003,060
6,537,942
0.40
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.25
0.25
0.30
0.30
0.20
0.60
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.45
0.45
0.50
0.50
0.40
0.80
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.60
0.65
0.65
0.70
0.70
0.60
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
(Decimal)
Subclassification/
Name
Formation Volume Factor (RB/

STB)
Recovery Factor
(Decimal)
Interval
Low
Most
Likely
High
Low
Most
Likely
High
Low
Most
Likely
High
Prospects
Ca Lang
Ca Lang
Ca Lang
Ca Sau
Ca Sau
Ca Sau
Rua Bien
Rua Bien
Rua Bien
10.5Ma
25.5Ma
Basement
10.5Ma
25.5Ma
Basement
5.0Ma
6.5Ma
8.2Ma
0.40
0.40
0.70
0.40
0.40
0.70
0.40
0.40
0.40
0.55
0.55
0.80
0.55
0.55
0.80
0.55
0.55
0.55
0.70
0.70
0.90
0.70
0.70
0.90
0.70
0.70
0.70
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
Leads
Lead 1
Lead 2
Lead 2
Lead 3
Lead 3
Lead 4
Lead 4
Lead 5
Lead 6
Lead 7
Lead 8
Lead 9
Lead 9
Lead 10
5.6Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
8.2Ma
6.5Ma
9.5Ma
13.8Ma
10.5Ma
17.0Ma
9.0Ma
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.55
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
0.70
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.05
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.20
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
1.40
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
0.35
Figure 21.5.1
D-359
Figure 21.5.2
D-360
0.13
0.14
0.14
0.12
0.12
0.12
0.12
0.14
0.14
0.08
0.08
0.10
0.10
0.04
0.13
0.13
0.08
0.13
0.08
0.07
0.17
0.17
0.17
2,970.3
6,547.3
321.1
56.0
70.7
62.2
55.6
22.9
63.8
78.2
109.9
307.9
244.8
488.3
768.9
319.9
2,188.4
4,263.1
576.7
142.1
29.2
97.3
197.3
51.7
875.2
154.3
64.5
7,521.6
8,796.1
737.7
161.9
191.4
186.5
159.5
67.0
184.1
221.3
316.9
852.7
682.0
1,131.5
1,797.6
831.5
5,541.5
6,351.2
1,434.5
400.0
72.1
256.8
575.8
133.1
2,062.6
430.2
176.5
17,187.7
12,239.5
1,593.6
378.4
455.3
449.9
396.3
154.8
432.1
521.1
766.9
1,938.1
1,636.2
2,507.7
4,008.5
1,948.6
12,784.6
9,669.6
3,348.7
1,025.7
177.2
549.0
1,447.1
322.5
4,420.1
1,064.9
429.5
385.6
1,381.3
38.5
7.8
8.7
8.0
7.3
3.2
8.2
11.0
14.3
40.0
32.2
63.5
100.8
42.1
292.4
867.4
72.5
18.8
4.2
12.8
27.2
7.2
119.3
21.9
8.5
1,599.3
2,068.8
154.6
34.3
41.5
40.0
31.4
13.8
39.2
47.2
64.8
173.8
146.1
243.0
394.7
174.9
1,175.0
1,471.6
315.7
80.9
14.9
54.4
119.8
26.1
431.0
93.4
38.8
4,720.2
3,232.5
447.1
107.2
122.6
122.6
110.7
42.2
118.2
135.7
201.9
548.9
442.6
674.2
1,105.0
541.4
3,480.2
2,518.1
898.5
280.3
45.4
153.9
383.3
86.4
1,207.3
305.3
119.8
286.1
635.3
41.1
7.8
9.9
7.5
6.7
2.8
7.7
10.9
15.4
24.6
19.6
46.9
73.8
11.5
311.0
584.7
73.8
18.2
2.5
12.5
16.6
3.7
147.0
25.9
10.8
724.8
850.7
94.4
22.7
26.8
22.4
19.1
8.0
22.1
31.0
44.4
68.2
54.6
108.6
172.6
29.9
780.1
888.4
183.6
51.2
6.1
32.9
48.4
9.6
346.5
72.3
29.6
1,654.7
1,180.6
204.0
53.0
63.7
54.0
47.6
18.6
51.9
73.0
107.4
155.1
130.9
240.7
384.8
70.1
1,783.5
1,375.0
428.6
131.3
14.9
70.3
121.6
23.2
742.6
178.9
72.2
37.1
135.5
4.9
1.1
1.2
1.0
0.9
0.4
1.0
1.5
2.0
3.2
2.6
6.1
9.7
1.5
41.6
115.7
9.3
2.4
0.3
1.6
2.3
0.5
20.0
3.7
1.4
154.1
198.8
19.8
4.8
5.8
4.8
3.8
1.7
4.7
6.6
9.1
13.9
11.7
23.3
37.9
6.3
165.5
206.7
40.4
10.4
1.3
7.0
10.1
1.9
72.4
15.7
6.5
453.5
311.2
57.2
15.0
17.2
14.7
13.3
5.1
14.2
19.0
28.3
43.9
35.4
64.7
106.1
19.5
487.1
361.5
115.0
35.9
3.8
19.7
32.2
6.2
202.8
51.3
20.1
Risked Oil (MMBBL)

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
5.6Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
6.5Ma
8.2Ma
8.2Ma
6.5Ma
9.5Ma
13.8Ma
10.5Ma
17.0Ma
9.0Ma
10.5Ma
25.5Ma
Basement
10.5Ma
25.5Ma
Basement
5.0Ma
6.5Ma
8.2Ma
Interval

Original In-Place
Gross Recoverable
Low
Best
High
Low
Best
High
(1)
Arithmetic Sum(1)
Probabilistic Sum
Leads
Lead 1
Lead 2
Lead 2
Lead 3
Lead 3
Lead 4
Lead 4
Lead 5
Lead 6
Lead 7
Lead 8
Lead 9
Lead 9
Lead 10
Arithmetic Sum(1)
Probabilistic Sum
Prospects
Ca Lang
Ca Lang
Ca Lang
Ca Sau
Ca Sau
Ca Sau
Rua Bien
Rua Bien
Rua Bien
Subclassification/
Name
Pg
(Decimal)

BLOCK 9
ONSHORE BANGLADESH
22.1
OVERVIEW
Block 9 is located onshore Bangladesh, approximately 50 km from the city of Dhaka. A location
map of the area is shown in Figure 22.7.1. The Block 9 PSC contains the Bangora Field gas
reserves, the Lalmai discovery contingent resources, and prospective resources for one
prospect. KrisEnergy executed a share sale purchase agreement on April 8, 2013, with Tullow
Oil International Limited (Tullow) to acquire a 30 percent working interest and operatorship in
Block 9, onshore Bangladesh. The acquisition is contingent upon the approval of Petrobangla
and will have a retroactive effective date of January 1, 2013. As requested, the KrisEnergy
interest shown in this report for the Bangladesh properties is the interest expected to be owned
when all approvals are finalized. Niko Exploration (Block 9) Limited and Bangladesh Petroleum
Exploration and Production Company (BAPEX) have 60 and 10 percent ownership in Block 9,
respectively. Tullow and its bid partners were awarded Block 9 in April 2001.
22.1.1 RESERVES
We estimated reserves for Bangora Field, a large, gas-producing field located in Block 9. The
PSC on the block expires on August 26, 2033. The reserves shown in this report for Bangora
Field are estimated through this date, although a five-year extension, which would extend the
contract period to August 26, 2038, is possible.
The Bangora-1 well, the discovery well for Bangora Field, was drilled in 2004 by Tullow and
appraised during 2005 and 2006. Additional 3-D seismic data were acquired along with the
drilling of the Bangora-2 and -3 wells. A long-term production test commenced in 2006, and the
remainder of the acreage not held by production was relinquished in 2007.
Bangora Field is developed with four wells completed in the primary reservoir sands, the D and
D2. The gas is sold into the Bangladesh open market at a fixed price of $2.32 per MCF. As of
December 31, 2012, Bangora Field has produced approximately 212 BCF of gas and 444
MBBL of oil. Gas rates for the field have been as high as 120 MMCFD but typically are held at
100 MMCFD. The current rate is approximately 85 MMCFD because the Bangora-2 has been
shut in for mechanical reasons. Well workovers commenced in April 2013.
We estimate the gross (100 percent) reserves and the net reserves to the KrisEnergy working
interest in Bangora Field, as of December 31, 2012, to be:
Gross (100 Percent)
Reserves
Oil
Gas
(MBBL)
(MMCF)
206.4 65,003.2
44.4 15,444.9
Category
Proved Developed Producing
Proved Developed Non-Producing
Working Interest
Reserves(1)
Oil
Gas
(MBBL)
(MMCF)
61.9 19,501.0
13.3
4,633.5
Proved (1P)
Probable
250.8 80,448.2
475.5 206,064.2
75.2
142.6
24,134.4
61,819.3
Proved + Probable (2P)

Possible
726.3 286,512.4
,406.1 140,996.4
217.9
121.8
85,953.7
42,298.9
Proved + Probable + Possible (3P)

(1)
1,132.4 427,508.8
339.7 128,252.6
KrisEnergys expected working interest is 30 percent in Block 9.

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The oil volumes shown include crude oil and condensate. Oil volumes are expressed in MBBL;
a barrel is equivalent to 42 United States gallons. Gas volumes are expressed in MMCF at
standard temperature and pressure bases.
22.1.2 CONTINGENT RESOURCES

We have estimated contingent resources for the Lalmai gas discovery in Block 9. Three wells
have been drilled on the structure. Lalmai-1 and -2, drilled by Shell in 1958 and 1960, were
considered dry-holes. In 2004 Tullow drilled Lalmai-3 and encountered gas in the B sand and
tested at a maximum rate of 8.64 MMCFD and about 3 BCPD. The rate declined progressively
through the test, and it is believed that less than 30 meters away from the well is the edge of a
channel-levee complex. The B sand was not seen in the Lalmai-1 and -2 wells. Tullows 2005
through 2006 seismic data acquisition and processing extends across the Lalmai discovery
and shows a low acoustic impedance response interpreted to represent the area of the gasbearing B sand.
Contingent resources subclassified as development unclarified have been estimated for this
discovery. The contingent resources shown in this report for Block 9 are contingent upon
(1) the collection of additional technical data, to be gathered through delineation wells, to
establish the size and commercial viability of the project, (2) submission and approval of a
POD, and (3) submission and approval of a PAA. If these contingencies are successfully
addressed, some portion of the contingent resources estimated in this report may be
reclassified as reserves; our estimates have not been risked to account for the possibility that
the contingencies are not successfully addressed. Because of the early stage of development
of this project, we did not perform an economic analysis on these resources; as such, the
We estimate the gross (100) percent contingent resources and the net contingent resources to
the KrisEnergy working interest in Block 9, as of December 31, 2012, to be:
Gross (100 Percent) Contingent Resources
Gas (BCF)
1C
6.1
Working Interest Contingent Resources(1)
Condensate (MMBBL)
2C
3C
1C
2C
3C
27.7
129.0
0.02
0.11
0.54
Gas (BCF)
1C
1.8
2C
8.3
Condensate (MMBBL)
3C
1C
2C
3C
38.7
0.01
0.03
0.16
(1)
KrisEnergys anticipated working interest is 30 percent in Block 9.
volumes are expressed in MMBBL; a barrel is equivalent to 42 United States gallons. Plans
are to sell full wellstream gas volumes; therefore, we have included inert gas volumes in our
estimates.
22.1.3 PROSPECTIVE RESOURCES

We have estimated prospective gas resources for multiple zones within the Bangora South
prospect in Block 9. A geologic risk assessment was performed for this prospect, as discussed
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prospective gas resources to the KrisEnergy working interest in Block 9, as of December 31,
2012, to be:
Subclassification/
Category
Prospects
Low Estimate
Best Estimate
High Estimate
Note:
(1)

Gross (100 Percent)
Working Interest(1)
Unrisked
Risked
Unrisked
Risked
197.2
286.7
415.7
72.5
109.6
164.5
59.2
86.0
124.7
21.8
32.9
49.3
Prospective gas resources shown are full wellstream gas

volumes.
KrisEnergys expected working interest is 30 percent in Block 9.
our estimates. The prospective resources shown for Block 9 have been estimated using
probabilistic methods and are dependent on a petroleum discovery being made.
22.2
DATA SOURCES
Data were provided to us by KrisEnergy in electronic format. The raw and interpreted data
came almost exclusively from Tullows virtual data room and provided a broad database from
which to conduct our independent study and prepare our estimates. The key data utilized in
our evaluation in addition to the data listed in the Executive Summary are listed below:
22.3
P/Z analysis performed by ERC Equipoise Limited in 2010 and P/Z analysis
performed by Tullow in 2011
Geologic depth structure maps, individual well logs, and conventional core data
Petrel geologic model and SMT seismic data and interpretation

Bangora Field lies at the northern end of a 40 km-long, north-south-oriented, narrow anticline.
The western flank of the anticline is cut by a shale-filled erosional channel forming a seal that
defines the western edge of the reservoir sands. Several structural highs were identified along
the anticlinal axis by Tullow using the 2002 2-D and 3-D seismic data. The Lalmai-3 gas
discovery well drilled in 2004 targeted the southern culmination. The Bangora-1 discovery well
was drilled in 2004 and was followed with a new 3-D seismic acquisition in 2006 along with the
appraisal drilling of the Bangora-2 and -3 wells. An additional prospect, Bangora South, has
been identified along the anticline between Bangora-1 and Lalmai-3.
The productive interval in Bangora Field is the Late Miocene Upper Bhuban Formation. The
reservoirs are a series of stacked deltaic and shallow marine sands, referred to as A, B, C, D,
D3, D2, D1, and E. The main reservoir sands, D and D2, occur across the field and vary
between 11 and 43 m thick, with average porosity of 16 percent and average permeability of
10 millidarcies (mD). The shallower A, B, and C and deeper E sands have higher porosity but
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D-363
are interpreted to be much more discontinuous with limited drainage areas. In 2012, the
Srikail-2 well encountered productive gas in the D and D2 sands and confirmed that the
structural closure extends north beyond the Block 9 boundary onto Block E, which is owned
100 percent by BAPEX.
The Lalmai-3 well encountered one gas-bearing sand, the B sand, which appears to pinch out
over a very short distance and was not observed in the Lalmai-1 and -2 wells only a few
hundred meters to the southwest. The Lalmai-3 well likely penetrated the edge of a channellevee complex. This interpretation is supported by the area of a low acoustic impedance
response observed on seismic data. The B sand has gas to the base of the sand in the Lalmai3. Regionally, the net reservoir interval thickness ranges from 22 to 41 m. We calculated 5 to
12 m of net pay, 15 to 17 percent porosity, and 57 percent water saturation in the Lalmai-3.

Because of the time-sensitive nature of this pending acquisition, a full independent review of
Tullows seismic interpretation and Petrel geologic model was not feasible. Our evaluation
included an independent petrophysical interpretation of the available log, core, fluid, and flow
rate data from the five Bangora wells and a review of numerous in-house and third-party
reports and presentations. Our geologic review focused on the D sands because they contain
the vast majority of reserves in the field. Because of the very fine-grain to silty character of the
D sands, estimation of the water saturation is challenging, and there is some uncertainty in the
determination of the free water level.
We interpreted the D and D2 sands to be separate accumulations with distinct reservoir
parameters and free water levels. For these sands, our analysis is based on the depth
structure maps provided by KrisEnergy. We used our net pay thickness ranges and estimates
of fluid contact levels to create net pay isopach maps for the low, best, and high net rock
volume (NRV) estimates. The D sand has a thick gas-water transition zone observed in the
downdip Bangora-4 well. As a result, the GWC in the 1P and 2P cases was based on the
depth at which the water saturation reached 65 percent (3,045 m TVDSS). The GWC in the
3P case was based on the depth at which the water saturation was greater than 80 percent
(3,055 m TVDSS).
The original GWC in the D2 sand was not encountered in the drilled wells but must lie between
3,052 m TVDSS (LKG in the Bangora-3 well) and 3,117 m TVDSS (HKW in the Bangora-4
well). Over 212 BCF have been produced from the D sands without any water production,
which indicates that the original GWC in the D2 sand was considerably deeper than the LKG in
the Bangora-3. Based on estimates of minimum remaining reserves, we determined that
1P NRV would require the original GWC to be at least 3,072 m TVDSS, or one sand thickness
(20 m) below LKG. Based also on remaining reserves calculations, we determined that the 2P
original GWC contact would be about 3,085 m TVDSS, or halfway between LKG and HKW.
Finally, the 3P NRV used a HKW at 3,117 m TVDSS for the net pay isopach.
A summary of the basis for the NRV calculations by zone is provided in Figure 22.7.2. The
depth structure map for the top D sand is shown on Figure 22.7.3.
For contingent resources associated with the B sand in the Lalmai discovery, best and high
estimate NRVs were derived from Tullows best and high case seismic amplitude areas
multiplied by NSAI log-derived thicknesses. A depth structure map showing these amplitude
outlines is shown in Figure 22.7.4. For the best estimate NRV, we used our best case net pay
thickness at Lalmai-3, and for the high estimate NRV, we used the average net reservoir
thickness across Block 9. A summary of the basis for the NRV calculations is provided in
Figure 22.7.2.
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D-364
One prospect, Bangora South, was mapped in Block 9. This prospect is interpreted as a
structural ridge located between Bangora Field to the north and the Lalmai discovery to the
south. The Bangora South prospect is separated from Bangora Field by a syncline and is
structurally lower than Bangora Field. The best productive reservoirs in Bangora Field are the
D and D2 sands. A structure map was generated for the top of the D sand, and a constant
interval thickness, based on the Bangora Field wells, was stacked down to generate a top of
the D2 sand. For the D sand, thicknesses of 10 and 38 m were used in the low and high
estimate cases, respectively; for the D2 sand, thicknesses of 5 and 17 m were used. These
thicknesses are based on the range of thicknesses seen in the Bangora Field wells. For the
D sand, estimated GWCs of 3,045 and 3,055 m TVDSS were used in the low and high
estimate cases, respectively; for the D2 sand, estimated GWCs of 3,072 and 3,117 m TVDSS
were used. These are the same GWCs used in the reserves volumetric calculations for
Bangora Field. Prospective resources were also estimated for the shallower A, B, and
C sands. Each of these sands is productive in Bangora, but only the B sand is productive in
the Lalmai discovery. A two-way time (TWT) map was generated for the B sand, and a single
area was used in both the low and high volumetric cases. Our low estimate thickness was
based on the productive B sand interval as logged in the Lalmai-1. For the high estimate
thickness, we used the average net reservoir thickness across the block. The GRV that was
estimated for the B sand in the Lalmai discovery was subtracted from the total GRV mapped
for the A, B, and C sands.
22.4
Parameter assumptions include an m value of 2.0, an n value of 2.0, and an Rw of 0.11 ohm-m
at a reservoir temperature of 190F. Cutoff parameters of porosity greater than or equal to
7 percent, water saturation less than or equal to 65 percent, and shale volume less than or
equal to 40 percent were used to determine net pay. The logs for Bangora-5 and Lalmai-3,
with interpreted net pay, are shown in Figures 22.7.5 and 22.7.6. The calculated net pay,
porosity, and water saturation for the six interpreted wells are shown in Figure 22.7.7.
The laminated character of the D sands suggests that our more optimistic laminated clay
petrophysical model would better estimate the true sand porosity and water saturation.
22.5

Bangora Field has produced 212.1 BCF of gas and 444.6 MBBL of oil as of December 31,
2012. The average condensate yield over the field life has been 2.1 BBL/MMCF but over the
past two years has averaged closer to 3.0 BBL/MMCF following the commissioning of the
hydrocarbon dew point control unit in March 2010. Gas rates have been as high as 120
MMCFD but typically are held at 100 MMCFD. The current rate is approximately 85 MMCFD
because the Bangora-2 has been shut in for mechanical reasons. Well workovers commenced
in April 2013. Projections indicate a relatively stable plateau of 100 MMCFD from the D and D2
sands until 2015 when natural decline begins. At that time, the A, B, C, and, where applicable,
E sands will be perforated and commingled with the respective D and D2 production. The
completion of these sands will allow the field to continue to produce at a 100 MMCFD plateau
until approximately 2018, at which time the field will begin to decline.
Reserves were estimated based on a combination of volumetrics and material balance (P/Z) to
help reduce the range of uncertainty. As mentioned earlier in this technical discussion, some of
the gas volume extends outside of the block. Based on recent drilling activity, it appears the
offset operator intends to compete for D and D2 gas. In our estimates, we attributed 0 percent
of the remaining recoverable proved gas volumes from Srikail for 1P reserves, approximately
35 percent of the remaining recoverable probable gas volumes from Srikail to determine 2P
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reserves, and 60 percent of the remaining possible recoverable gas volumes to determine 3P
reserves. With the remaining gas to be produced from the D and D2 sands in Block 9, and with
the cumulative gas produced from the D and D2 sands in Block 9 and Srikail, we backcalculated the 2P gas EUR using a 75 percent recovery factor, and then back-calculated the
original 2P gas-in-place using the original recovery per acre-foot. This volumetrically
determined gas-in-place of 633 BCF compared favorably to the P/Z method of 650 BCF. The
2P EUR for the D and D2 sands, including Srikail, is 444 BCF using volumetrics. Prior thirdparty 2P reserves estimates were approximately 435 BCF and 488 BCF using P/Z. Given the
relative agreement between the various methods, we were then more confident in using either
method to determine remaining reserves, although we weighed more heavily on volumetrics
than on P/Z. Final EURs for the D and D2 sands represent approximately 65 percent, 75
percent, and 80 percent of 1P, 2P, and 3P gas-in-place volumes. An additional 94 BCF of 2P
gas-in-place, with an EUR of 70 BCF using a recovery factor of 75 percent, is attributable to
the A, B, and C sands. This yields a total 2P recovery of 514 BCF for the entire field. The field
economic limit reduces this 2P EUR to 499 BCF.
22.5.1 RESERVES AND RESOURCES DETERMINATION

22.5.1.1 Reserves
Deterministic methods were used for estimating a range of volumetric reserves for both the D
and D2 sands. The low, best, and high estimate NRVs from our net pay isopach maps were
multiplied by constant porosity, water saturation, and FVF values to calculate reserves. The
laminated character of the D sands suggests that our more optimistic laminated clay
petrophysical model is a better estimate of true sand porosity and water saturation. Therefore,
we used the same pay-weighted average porosity and water saturation values to calculate 1P,
2P, and 3P reserves. The 1P and 2P volumetric estimates tied closely to P/Z volumes, based
on the limited reservoir pressure data available. In determining remaining reserves, we did
account for a limited amount of gas contribution from the undeveloped northern extension of
the Bangora structure (Srikail) in Block E in the produced gas volume from Bangora Field, as
described in detail in Section 22.5. P/Z volume estimates include total drainage area and do
not discriminate along block boundaries. It is uncertain how the possible development of Srikail
Field in Block E will affect future production at Bangora Field.
22.5.1.2 Contingent Resources

For contingent resources, a probabilistic spreadsheet model was constructed to calculate 1C,
2C, and 3C OHIP and contingent resources for the Lalmai discovery. We determined the type
of distribution and input parameters for the various volumetric parameters based on data
available. NRV input parameters were defined by a lognormal distribution with P50 and P05
input values based on the best and high estimate cases discussed earlier.
The reservoir properties were defined by triangular distributions based on our petrophysical
evaluation of the B sand in six drilled wells on Block 9. The FVF was also defined by a
triangular distribution calculated from physical characteristics of the reservoir and gas
composition.
All volumetric input parameters are summarized in Figure 22.7.8. The resulting OHIP and
in Figure 22.7.9.
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22.5.1.3 Prospective Resources

estimate OGIP and prospective resources for the Bangora South prospect. GRV input
parameters were defined by a lognormal distribution, with input values of P95 and P05 based
on the low and high estimate cases discussed earlier. Probability ranges for all other
volumetric parameters were estimated based on analogous fields in the region and are similar
to those used for the contingent resources evaluation.
22.6
ECONOMICS OVERVIEW
Economics have been run for Bangora Field.
CAPEX estimates for Bangora Field are based on budget information provided by KrisEnergy.
These estimates are included in the forecast model for Bangora Field, primarily for several
relatively minor well repairs and a major compression installation that will lower overall well
abandonment pressures and extend the remaining field life. Details of the CAPEX estimates
are shown in Figure 22.7.12.
OPEX estimates for Bangora Field are based on budget information provided by KrisEnergy.
These fixed operating costs include petroleum agreement fees and general and administrative,
consulting, fuel, and other miscellaneous fees. Details of the OPEX estimates are shown in
Figure 22.7.13.
Fiscal Terms
Contract Type
Operator
First Production
Gas Price ($/MMBTU)
Interest
KrisEnergy WI-Expected (%)
PSC
KrisEnergy
Producing
-0.1
Contracted
30
N/A
N/A
N/A

Cost Recovery Limit Gas (%)
Cost Recovery Limit Oil (%)
N/A
45
40
34 to 39
30 to 35
N/A
N/A
Summary projections of estimated reserves and future revenue to the KrisEnergy interest are
shown in Figures 22.7.14 to 22.7.20.
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D-367
NETHERLAND, SEWELL
& ASSOCIATES, INC.
9045'00"
9015'00"
9115'00"
Block 9
2400'00"
Block E
Srikail
Bangora
INDIA
Bangora
South
2330'00"
Lalmai
Production
Area
BANGLADESH
2300'00"
India
Bangladesh
Block 9
India
Bay of Bengal
Burma
Legend
Block 9
Oil Reserves
Gas Reserves
Contingent Oil
Contingent Gas
Oil Prospect
Oil Lead
Gas Prospect
Gas Lead
Onshore Bangladesh
Location Map
SCALE IN KILOMETERS
0
10
20
40
Figure 22.7.1
D-368
Figure 22.7.2
D-369
D2 Sand
B Sand
Bangora
Lalmai
1C
1P
1P
Category
Determined from lognormal

distribution of best and high
cases
LKG plus 1 sand thickness

(20m) @ -3,072 m (Bangora-3)
GWC @ -3,045 m (Bangora-4),

<65% Sw
Low Estimate Case
Product of seismic amplitude

P50 area (Tullow) multiplied by
best net pay thickness estimate
(NSAI)
Halfway between LKG

(Bangora 3) and HKW
(Bangora-4) @ -3,085 m

<65% Sw
Best Estimate Case
D Sand
Zone
Bangora
Field
NET ROCK VOLUME BASIS

BLOCK 9, ONSHORE BANGLADESH
Product of seismic amplitude

maximum area (Tullow)
multiplied by average net
reservoir thickness (NSAI)
HKW @ -3,117 m (Bangora-4)

>80% Sw
High Estimate Case
Lognormal
Determinsitic
Deterministic
Volume
Calculation
Figure 22.7.3
D-370
Figure 22.7.4
D-371
Figure 22.7.5
D-372
Figure 22.7.6
D-373
Figure 22.7.7
Page 1 of 2
D-374
4,176
4,237
4,278
4,320
4,237
4,278
4,320
4,363
3,038
3,085
3,117
3,151
2,438
2,534
2,613
2,967
3,001
3,036
3,058
3,151
3,085
3,117
3,151
3,186
2,456
2,556
2,623
3,001
3,036
3,058
3,151
3,185
47
32
34
35
18
22
9
33
35
22
93
34
15
36
14
43
25
23
90
28
9
25
17
36
36
30
21
30
0
3
2
8
0
9
0
7
40
2
7
1
11
11
3
1
4
0
0
0
0
22
-
0.18
0.16
-
0.23
0.19
0.16
0.15
0.15
0.24
0.24
0.20
0.17
0.17
0.29
0.17
0.16
Porosity
(Decimal)
0.46
0.47
-
0.51
0.54
0.52
0.51
0.52
0.53
0.49
0.50
0.55
0.55
0.43
0.48
0.50
Water
Saturation
(Decimal)
Low Estimate Case
31
2
21
0
14
21
6
14
1
19
0
30
13
33
5
12
5
16
1
21
8
22
3
31
31
11
15
24
Net
Reservoir
(m TVT)
1
0
0
0
25
0
0
0
9
0
15
0
0
38
0
4
4
9
0
12
0
9
43
3
7
1
12
12
3
1
4
Net Pay
(m TVT)
0.11
-
0.18
0.15
-
0.22
0.19
0.16
0.15
0.15
0.25
0.24
0.20
0.17
0.17
0.27
0.17
0.16
Porosity
(Decimal)
0.61
-
0.42
0.44
-
0.50
0.54
0.49
0.48
0.49
0.53
0.47
0.50
0.55
0.55
0.41
0.46
0.50
Water
Saturation
(Decimal)
Best Estimate Case
Total
Bangora-4
D
D3
D2
D1
Total
2,470
2,570
2,637
3,015
3,050
3,072
3,165
3,199
2,444
2,524
2,593
2,985
3,010
3,034
3,124
3,151
2,437
2,511
2,593
2,967
2,967
2,998
3,018
3,134
Net Pay
(m TVT)
0
0
0
8
0
14
0
0
2,452
2,548
2,628
2,982
3,015
3,050
3,072
3,165
2,429
2,488
2,580
2,942
2,985
3,010
3,034
3,124
2,428
2,486
2,576
2,931
2,931
2,967
2,998
3,104
Base
(m TVDSS)
Bangora-3
A
B
C
D
D3
D2
D1
E
2,826
2,929
3,017
3,472
3,499
3,524
3,619
3,648
2,590
2,664
2,746
3,120
3,120
3,151
3,171
3,287
Top
(m TVDSS)
29
2,807
2,883
3,000
3,425
3,472
3,499
3,524
3,619
2,581
2,639
2,729
3,084
3,084
3,120
3,151
3,257
Base
(m MD)
Total
Bangora-2
A
B
C
D
D3
D2
D1
E
Total
Bangora-1
A
B
C
D
D3
D2
D1
E
Well/Zone
Top
(m MD)
Gross
Interval
(m TVT)
31
2
21
0
14
21
6
14
1
19
0
30
13
33
5
12
5
16
1
21
8
22
3
31
31
11
15
24
Net
Reservoir
(m TVT)
2
0
0
0
27
0
0
0
10
0
17
0
0
44
0
5
4
10
1
14
0
10
52
3
8
1
13
13
4
3
6
Net Pay
(m TVT)
0.11
-
0.17
0.15
-
0.22
0.18
0.16
0.12
0.14
0.14
0.25
0.23
0.20
0.16
0.16
0.25
0.15
0.16
Porosity
(Decimal)
0.55
-
0.36
0.40
-
0.49
0.50
0.43
0.59
0.40
0.45
0.50
0.47
0.47
0.54
0.54
0.41
0.53
0.54
Water
Saturation
(Decimal)
High Estimate Case
31
2
21
0
14
21
6
14
1
19
0
30
13
33
5
12
5
16
1
21
8
22
3
31
31
11
15
24
Net
Reservoir
(m TVT)
Figure 22.7.7
Page 2 of 2
D-375
Bangora-5
A
B
C
D
D3
D2
D1
E
2,101
2,221
2,461
2,729
3,093
3,191
3,332
3,786
3,818
3,841
3,956
3,968
Base
(m MD)
1,938
2,138
2,367
2,639
2,425
2,480
2,602
2,921
2,970
2,997
3,017
3,119
Top
(m TVDSS)
2,055
2,175
2,414
2,680
2,434
2,506
2,612
2,970
2,997
3,017
3,119
3,130
Base
(m TVDSS)
117
36
47
41
9
26
9
48
27
19
102
11
0
0
5
0
57
6
8
4
21
0
8
0
8
Net Pay
(m TVT)
0.17
-
0.22
0.22
0.19
0.16
0.18
0.21
0.22
Porosity
(Decimal)
0.58
-
0.46
0.42
0.53
0.58
0.41
0.43
0.40
Water
Saturation
(Decimal)
Low Estimate Case
115
32
41
29
7
21
9
43
6
12
2
9
Net
Reservoir
(m TVT)
0
0
8
0
70
6
9
5
31
0
10
0
8
Net Pay
(m TVT)
0.16
-
0.21
0.21
0.18
0.16
0.17
0.21
0.22
Porosity
(Decimal)
0.57
-
0.43
0.40
0.51
0.54
0.39
0.36
0.36
Water
Saturation
(Decimal)
Best Estimate Case
Total
Lalmai-3
Zone 1
A
B
C
1,984
2,185
2,414
2,688
3,081
3,156
3,320
3,727
3,786
3,818
3,841
3,956
Well/Zone
Total
Top
(m MD)
Gross
Interval
(m TVT)
115
32
41
29
7
21
9
43
6
12
2
9
Net
Reservoir
(m TVT)
12
0
0
12
0
84
6
11
8
38
1
11
0
8
Net Pay
(m TVT)
0.15
-
0.21
0.21
0.17
0.15
0.10
0.17
0.21
0.22
Porosity
(Decimal)
0.57
-
0.39
0.41
0.50
0.49
0.51
0.35
0.25
0.32
Water
Saturation
(Decimal)
High Estimate Case
115
32
41
29
7
21
9
43
6
12
2
9
Net
Reservoir
(m TVT)
Figure 22.7.8
D-376
Zone
Zone
Zone
1C
Resources
Category
0.60
Max
Gas Saturation
(Decimal)
Most
Likely
0.51
363,889
P05
56,039
P50
100
100
100
Remaining After Shrinkage

(Percent)
Most
Min
Likely
Max
0.40
Min
Resources
Category
1C
P95
1C
Resources
Category
1.00
1.00
195
197
Condensate Yield
(BBL/MMCF)
Most
Min
Likely
Max
192

(SCF/ft3)
Most
Min
Likely
Max
0.99
Net-to-Gross Ratio
(Decimal)
Most
Min
Likely
Max
Lalmai
Discovery
Lalmai
Discovery
Lalmai
Discovery
Gross Rock Volume

(Ac-ft)

0.16
0.17
Max
0.70
0.80
1.00
1.00
1.00

(Decimal)
Most
Min
Likely
Max
0.60
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.15
Min
Porosity
(Decimal)
Most
Likely
Figure 22.7.9
D-377
39.4
186.4
0.02
0.11
0.54
Original CondensateIn-Place (MMBBL)

1C
2C
3C
8.6
27.7
129.0
0.02
0.11
0.54
Gross (100 Percent) Contingent

Condensate Resources (MMBBL)
1C
2C
3C
6.1
70
69
100
100
100
Recovery Factor(1) (Percent)

1C
2C
3C
71
Recovery Factor(1) (Percent)

1C
2C
3C
Recovery Factor is calculated by dividing unrounded gross recoverable volumes by unrounded original in-place volumes. See
Volumetric Input Parameters for recovery factor input distributions.
Zone
Zone
Gross (100 Percent)

1C
2C
3C
(1)
Lalmai
Discovery
Lalmai
Discovery

1C
2C
3C
SUMMARY OF ORIGINAL HYDROCARBONS-IN-PLACE AND

GROSS (100 PERCENT) CONTINGENT RESOURCES
Figure 22.7.10
D-378
A,B,C
D
D2
Zone
A,B,C
D
D2
Bangora South
Bangora South
Bangora South
Prospect
Bangora South
Bangora South
Bangora South
0.40
0.45
0.45
Min
90,511
133,087
32,625
0.50
0.50
0.50
Gas Saturation
(Decimal)
Most
Likely
0.60
0.60
0.60
Max
368,863
465,070
218,922
Min
0.60
1.00
1.00
209
233
238
220
245
250
231
257
263

(SCF/ft3)
Most
Min
Likely
Max
0.40
1.00
1.00
0.50
1.00
1.00
0.16
0.17
0.17
0.17
0.19
0.19
Max
0.60
0.60
0.60
0.70
0.70
0.70
0.80
0.80
0.80
Recovery Factor
(Decimal)
Most
Min
Likely
Max
0.15
0.15
0.15
Most
Likely
Max
Most
Likely
Min
Zone
Prospect
Gross Rock Volume

(Ac-ft)
P95
P50
P05
Porosity
(Decimal)
Net-to-Gross Ratio (Decimal)

Figure 22.7.11
D-379
0.20
0.43
0.43
216.6
280.1
39.7
138.8
38.1
Low
384.1
408.1
69.1
231.6
83.3
Best
685.6
590.2
123.8
389.5
172.3
High
150.3
197.2
27.8
95.9
26.6
Low
268.3
286.7
48.0
161.8
58.5
Best
486.9
415.7
88.6
276.3
122.0
High
83.2
103.9
7.9
59.1
16.2
Low
147.8
156.9
13.8
98.6
35.4
Best
263.8
231.0
24.7
165.8
73.3
High
57.7
72.5
5.6
40.8
11.3
Low
103.3
109.6
9.6
68.9
24.9
Best
187.2
164.5
17.7
117.6
51.9
High
Gross Recoverable
Risked Gas (BCF)

Original In-Place
A,B,C
D
D2
Zone
Gross Recoverable
(1)
Arithmetic Sum(1)
Probabilistic Sum
Bangora South
Bangora South
Bangora South
Prospect
Pg
(Decimal)
Original In-Place
Unrisked Gas (BCF)

Figure 22.7.12
D-380
7.0
5.0
2.0
0.0
15.5
5.0
10.5
0.0
5.0
5.0
0.0
0.0

2014
2015
2016
Maintenance CAPEX reduces to $2 million after 5 years.
21.3
Total
(1)
5.0
3.4
12.9
2013
Maintenance CAPEX(1)
Workovers
Compression
Category

BANGORA FIELD, BLOCK 9, BANGLADESH
5.0
5.0
0.0
0.0
Thereafter
Figure 22.7.13
D-381
16.2
Total
16.2
14.3
0.2
1.2
0.5
16.2
14.3
0.2
1.2
0.5
16.2
14.3
0.2
1.2
0.5
16.2
14.3
0.2
1.2
0.5
Annual
Thereafter
(MM$)
Note: Abandonment fund costs are incurred each year until total abandonment fund estimate
of $14.0 million is reached.
14.3
0.2
1.2
0.5
Operating expenses
Overhead
Abandonment fund
Nonrecoverable costs
Category
Gross Operating Expenses (MM$)

2013
2014
2015
2016

BANGORA FIELD, BLOCK 9, BANGLADESH
Figure 22.7.14
D-382
383.1
589.5
CUM PROD
ULTIMATE
65,003.2
246,834.5
181,831.3
61.9
19,501.0
37.8
12,355.7
4,179.4
28,603.5
16,363.0
6,363.0
5,000.0
5,000.0
GROSS
(100%)
INVSTMT
(M$)
48,600.0
16,200.0
16,200.0
16,200.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
206.4
TOTAL
13,661.3
9,083.6
5,858.6
GAS
(M$)
4,908.9
1,908.9
1,500.0
1,500.0
NET
INVSTMT
(M$)
487.2
187.2
150.0
150.0
NET
TRAINING
FEES
(M$)
12,806.7
8,686.4
3,909.1
211.2
NET
REVENUE
(M$)
11,837.0
8,282.2
11,670.6
11,837.0
CUM P.W.
10%
(M$)

12,015.7
11,418.9
11,037.2
10,687.4
10,365.4
14,580.0
4,860.0
4,860.0
4,860.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
0.0
1,981.2
1,335.5
862.6
OIL
(M$)
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
5,901.2
3,923.8
2,530.7
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
17.9
12.1
7.8
OIL
(MBBL)
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
9,313.9
6,192.9
3,994.2
GAS
(MMCF)
0.0
0.0
0.0
0.0
0.0
29.4
19.8
12.8
OIL
(MBBL)
GROSS REVENUE
TO NET INTEREST
0.0
31,046.2
20,643.1
13,313.9
GAS
(MMCF)
NET RESERVES
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
97.8
66.0
42.6
OIL
(MBBL)
WORKING INTEREST
RESERVES (30%)
PROVED DEVELOPED PRODUCING RESERVES
BANGORA FIELD
BLOCK 9
BANGLADESH
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

Figure 22.7.15
D-383
8.2
21.5
14.7
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
61.5
105.9
CUM PROD
ULTIMATE
45,738.3
30,293.4
15,444.9
2,967.8
7,417.5
5,059.7
GAS
(MMCF)
13.3
2.4
6.5
4.4
OIL
(MBBL)
8.1
1.5
3.9
2.7
OIL
(MBBL)
2,935.8
564.1
1,409.9
961.7
GAS
(MMCF)
NET RESERVES
899.2
165.3
436.3
297.7
OIL
(M$)
6,796.3
1,305.9
3,263.9
2,226.4
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
4,090.0
2,045.0
2,045.0
0.0
GROSS
(100%)
INVSTMT
(M$)
0.0
0.0
0.0
0.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
PROVED DEVELOPED NON-PRODUCING RESERVES
4,633.5
890.3
2,225.2
1,517.9
GAS
(MMCF)
WORKING INTEREST
RESERVES (30%)
44.4
TOTAL
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
OIL
(MBBL)
PERIOD
ENDING
GROSS RESERVES

1,227.0
613.5
613.5
0.0
NET
INVSTMT
(M$)
0.0
0.0
0.0
0.0
NET
TRAINING
FEES
(M$)
6,468.5
857.7
3,086.7
2,524.1
NET
REVENUE
(M$)
5,482.2
817.7
3,493.3
5,482.2
CUM P.W.
10%
(M$)

5,657.8
5,082.5
4,731.2
4,420.7
4,144.6
0.0
0.0
0.0
0.0
NET
OPERATING
EXPENSE
(M$)
BANGORA FIELD
BLOCK 9
BANGLADESH
Figure 22.7.16
D-384
695.4
CUM PROD
ULTIMATE
80,448.2
292,572.9
212,124.7
75.2
24,134.4
45.9 15,291.5
5,078.6
35,399.8
20,453.0
8,408.0
7,045.0
5,000.0
48,600.0
16,200.0
16,200.0
16,200.0
250.8
444.6
TOTAL
14,967.2
12,347.6
8,085.0
14,580.0
4,860.0
4,860.0
4,860.0
487.2
187.2
150.0
150.0
19,275.2
9,544.1
6,995.9
2,735.3

6,135.9
2,522.4
2,113.5
1,500.0
0.0
0.0
0.0
2,146.5
1,771.8
1,160.3
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
NET
REVENUE
(M$)
0.0
0.0
0.0
0.0
0.0
6,465.3
5,333.7
3,492.4
GAS
(M$)
NET
TRAINING
FEES
(M$)
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
19.4
16.0
10.5
OIL
(M$)
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
0.0
0.0
0.0
10,204.2
8,418.2
5,512.1
GAS
(MMCF)
NET
INVSTMT
(M$)
0.0
31.8
26.3
17.2
OIL
(MBBL)
GROSS (100%)
OPERATING
EXPENSE
(M$)
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
34,014.0
28,060.6
18,373.6
GAS
(MMCF)
GROSS
(100%)
INVSTMT
(M$)
106.0
87.5
57.3
OIL
(MBBL)
GROSS REVENUE
TO NET INTEREST
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
GAS
(MMCF)
NET RESERVES
OIL
(MBBL)
WORKING INTEREST
RESERVES (30%)
PROVED (1P) RESERVES
17,673.4
16,501.3
15,768.4
15,108.1
14,510.1
17,319.2
9,099.9
15,163.8
17,319.2
CUM P.W.
10%
(M$)
BANGORA FIELD
BLOCK 9
BANGLADESH
PERIOD
ENDING
GROSS RESERVES

Figure 22.7.17
D-385
475.5
0.0
206,064.2
0.0
206,064.2
142.6
61,819.3
59.0
6.1
4.9
3.9
5.6
4.3
36,175.8
5,359.5
4,870.1
4,221.1
3,126.3
2,294.3
86.3
1,429.3
3,269.8
6,029.1
5,490.0
GAS
(MMCF)
6,526.5
671.6
542.5
428.9
615.6
473.7
25.3
466.0
1,077.3
1,425.2
800.4
OIL
(M$)
83,747.0
12,407.3
11,274.3
9,771.8
7,237.3
5,311.4
199.7
3,308.8
7,569.6
13,957.4
12,709.5
GAS
(M$)
43,382.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
12,882.0
0.0
10,500.0
5,000.0
5,000.0
113,400.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
0.0
0.0
0.0
16,200.0
16,200.0
ULTIMATE
CUM PROD
TOTAL
475.5
10,128.3
8,875.6
7,152.5
4,934.2
3,621.1
0.2
4.2
9.7
12.9
7.2
OIL
(MBBL)
GROSS (100%)
OPERATING
EXPENSE
(M$)
13,014.6
600.0
600.0
600.0
600.0
600.0
3,864.6
0.0
3,150.0
1,500.0
1,500.0
NET
INVSTMT
(M$)
1,050.0
150.0
150.0
150.0
150.0
150.0
0.0
0.0
0.0
150.0
150.0
NET
TRAINING
FEES
(M$)
7,468.8
6,206.8
4,590.7
2,242.9
175.1
(3,639.7)
3,774.8
5,496.9
8,872.7
6,999.8
NET
REVENUE
(M$)
42,188.9
26,124.4
19,469.3
22,809.8
25,056.0
26,053.6
26,124.4
(3,470.3)
(198.3)
4,133.1
10,489.1
15,047.6
CUM P.W.
10%
(M$)

28,607.0
21,019.4
17,116.9
14,082.9
11,688.2
34,020.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
0.0
0.0
0.0
4,860.0
4,860.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
0.0
0.0
0.0
20.2
16.3
12.9
9.1
7.0
136.1
2,255.8
5,160.7
9,987.8
9,567.1
GAS
(MMCF)
GROSS
(100%)
INVSTMT
(M$)
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
33,761.0
29,585.2
23,841.7
16,447.3
12,070.5
0.4
6.9
16.0
29.6
24.1
OIL
(MBBL)
NET RESERVES
PROBABLE RESERVES
GROSS REVENUE
TO NET INTEREST
0.0
0.0
0.0
0.0
0.0
67.5
54.5
43.1
30.4
23.4
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
453.8
7,519.4
17,202.3
33,292.8
31,890.3
GAS
(MMCF)
WORKING INTEREST
RESERVES (30%)
BANGORA FIELD
BLOCK 9
BANGLADESH
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
1.2
23.0
53.2
98.8
80.4
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS RESERVES

Figure 22.7.18
D-386
1,170.9
CUM PROD
ULTIMATE
498,637.1
212,124.7
217.9
85,953.7
10,128.3
8,875.6
7,152.5
4,934.2
3,621.1
5,359.5
4,870.1
4,221.1
3,126.3
2,294.3
6,551.6
6,763.0
6,762.2
6,029.1
5,490.0
104.9 51,467.3
6.1
4.9
3.9
5.6
4.3
19.6
20.2
20.2
12.9
7.2
GAS
(MMCF)
11,605.1
671.6
542.5
428.9
615.6
473.7
2,171.7
2,237.8
2,237.6
1,425.2
800.4
OIL
(M$)
119,146.8
12,407.3
11,274.3
9,771.8
7,237.3
5,311.4
15,166.9
15,656.3
15,654.5
13,957.4
12,709.5
GAS
(M$)
63,835.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
21,290.0
7,045.0
15,500.0
5,000.0
5,000.0
162,000.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
726.3
444.6
TOTAL
286,512.4
20.2
16.3
12.9
9.1
7.0
10,340.3
10,674.0
10,672.8
9,987.8
9,567.1
OIL
(MBBL)
GROSS (100%)
OPERATING
EXPENSE
(M$)
19,150.5
600.0
600.0
600.0
600.0
600.0
6,387.0
2,113.5
4,650.0
1,500.0
1,500.0
NET
INVSTMT
(M$)
1,537.2
150.0
150.0
150.0
150.0
150.0
187.2
150.0
150.0
150.0
150.0
NET
TRAINING
FEES
(M$)
7,468.8
6,206.8
4,590.7
2,242.9
175.1
5,904.4
10,770.7
8,232.1
8,872.7
6,999.8
NET
REVENUE
(M$)
61,464.1
43,443.6
36,788.5
40,129.0
42,375.1
43,372.8
43,443.6
5,629.6
14,965.5
21,452.3
27,808.2
32,366.7
CUM P.W.
10%
(M$)

46,280.4
37,520.8
32,885.3
29,191.0
26,198.2
48,600.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
NET
OPERATING
EXPENSE
(M$)
0.0
0.0
0.0
33,761.0
29,585.2
23,841.7
16,447.3
12,070.5
32.2
33.2
33.2
29.6
24.1
GAS
(MMCF)
GROSS
(100%)
INVSTMT
(M$)
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
67.5
54.5
43.1
30.4
23.4
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
34,467.7
35,580.0
35,575.9
33,292.8
31,890.3
OIL
(MBBL)
NET RESERVES
PROVED + PROBABLE (2P) RESERVES

GROSS REVENUE
TO NET INTEREST
0.0
0.0
0.0
0.0
107.3
110.5
110.5
98.8
80.4
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
GAS
(MMCF)
WORKING INTEREST
RESERVES (30%)
BANGORA FIELD
BLOCK 9
BANGLADESH
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
OIL
(MBBL)
PERIOD
ENDING
GROSS RESERVES

Figure 22.7.19
D-387
53.7
47.8
42.7
38.5
34.4
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
406.1
0.0
140,996.4
0.0
140,996.4
20,767.6
17,283.4
14,635.3
12,996.9
11,068.3
9,125.9
10,639.3
11,398.3
12,615.5
12,316.7
0.0
0.0
2.4
2,303.1
5,843.7
GAS
(MMCF)
121.8
16.1
14.3
12.8
11.5
10.3
7.8
9.2
10.0
11.2
11.0
0.0
0.0
0.0
2.1
5.4
OIL
(MBBL)
44.6
6.7
8.7
7.8
7.0
6.3
2.3
2.8
3.0
0.5
1.1
0.0
0.0
0.0
(3.4)
1.6
OIL
(MBBL)
22,065.6
3,760.9
3,285.2
2,781.9
2,470.4
2,103.8
929.2
1,083.3
1,160.6
1,562.2
1,918.1
0.0
0.0
0.5
414.3
595.0
GAS
(MMCF)
NET RESERVES
4,933.2
738.4
967.9
864.6
779.0
697.1
258.1
304.9
331.3
57.5
125.1
0.0
0.0
0.1
(370.9)
180.0
OIL
(M$)
51,081.8
8,706.5
7,605.3
6,440.0
5,719.1
4,870.4
2,151.2
2,507.9
2,686.8
3,616.6
4,440.4
0.0
0.0
1.1
959.2
1,377.5
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
10,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GROSS
(100%)
INVSTMT
(M$)
POSSIBLE RESERVES
77,000.0
16,200.0
15,800.0
15,000.0
15,000.0
15,000.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
42,298.9
6,230.3
5,185.0
4,390.6
3,899.1
3,320.5
2,737.8
3,191.8
3,419.5
3,784.6
3,695.0
0.0
0.0
0.7
690.9
1,753.1
GAS
(MMCF)
WORKING INTEREST
RESERVES (30%)
ULTIMATE
CUM PROD
TOTAL
406.1
25.9
30.6
33.3
37.2
36.8
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
0.0
0.0
0.0
7.1
18.1
OIL
(MBBL)
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
PERIOD
ENDING
GROSS
RESERVES

3,000.0
600.0
600.0
600.0
600.0
600.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
NET
INVSTMT
(M$)
750.0
150.0
150.0
150.0
150.0
150.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
NET
TRAINING
FEES
(M$)
29,165.0
3,834.9
3,083.1
2,054.6
1,248.1
317.5
2,409.3
2,812.8
3,018.1
3,674.0
4,565.5
0.0
0.0
1.2
588.3
1,557.5
NET
REVENUE
(M$)
12,822.6
10,743.6
11,774.0
12,398.2
12,742.9
12,822.6
2,863.0
4,376.9
5,853.6
7,487.8
9,333.9
0.0
0.0
0.9
422.4
1,436.7
CUM P.W.
10%
(M$)

14,950.1
8,922.2
6,381.3
4,677.2
3,503.9
23,100.0
4,860.0
4,740.0
4,500.0
4,500.0
4,500.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
NET
OPERATING
EXPENSE
(M$)
BANGORA FIELD
BLOCK 9
BANGLADESH
Figure 22.7.20
D-388
93.4
85.1
76.4
67.6
60.2
53.7
47.8
42.7
38.5
34.4
12-31-2018
12-31-2019
12-31-2020
12-31-2021
12-31-2022
12-31-2023
12-31-2024
12-31-2025
12-31-2026
12-31-2027
1,577.0
ULTIMATE
639,633.5
212,124.7
427,508.8
20,767.6
17,283.4
14,635.3
12,996.9
11,068.3
42,887.0
40,224.5
35,240.1
29,062.7
24,387.2
34,467.7
35,580.0
35,578.3
35,595.9
37,733.9
GAS
(MMCF)
339.7
16.1
14.3
12.8
11.5
10.3
28.0
25.5
22.9
20.3
18.0
32.2
33.2
33.2
31.8
29.5
OIL
(MBBL)
128,252.6
6,230.3
5,185.0
4,390.6
3,899.1
3,320.5
12,866.1
12,067.4
10,572.0
8,718.8
7,316.2
10,340.3
10,674.0
10,673.5
10,678.8
11,320.2
GAS
(MMCF)
WORKING INTEREST
RESERVES (30%)
149.5
6.7
8.7
7.8
7.0
6.3
8.4
7.7
6.9
6.1
5.4
19.6
20.2
20.2
9.5
8.9
OIL
(MBBL)
73,532.9
3,760.9
3,285.2
2,781.9
2,470.4
2,103.8
6,288.8
5,953.4
5,381.7
4,688.5
4,212.4
6,551.6
6,763.0
6,762.7
6,443.5
6,085.1
GAS
(MMCF)
NET RESERVES
16,538.3
738.4
967.9
864.6
779.0
697.1
929.7
847.4
760.2
673.1
598.9
2,171.7
2,237.8
2,237.7
1,054.3
980.4
OIL
(M$)
170,228.6
8,706.5
7,605.3
6,440.0
5,719.1
4,870.4
14,558.5
13,782.2
12,458.6
10,853.9
9,751.8
15,166.9
15,656.3
15,655.6
14,916.6
14,086.9
GAS
(M$)
GROSS REVENUE
TO NET INTEREST
73,835.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
2,000.0
21,290.0
7,045.0
15,500.0
5,000.0
5,000.0
GROSS
(100%)
INVSTMT
(M$)
239,000.0
16,200.0
15,800.0
15,000.0
15,000.0
15,000.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
16,200.0
GROSS (100%)
OPERATING
EXPENSE
(M$)
PROVED + PROBABLE + POSSIBLE (3P) RESERVES
444.6
CUM PROD
TOTAL
1,132.4
107.3
110.5
110.5
105.9
98.5
12-31-2013
12-31-2014
12-31-2015
12-31-2016
12-31-2017
12-31-2028
12-31-2029
12-31-2030
12-31-2031
12-31-2032
OIL
(MBBL)
PERIOD
ENDING
GROSS RESERVES

22,150.5
600.0
600.0
600.0
600.0
600.0
600.0
600.0
600.0
600.0
600.0
6,387.0
2,113.5
4,650.0
1,500.0
1,500.0
NET
INVSTMT
(M$)
2,287.2
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
187.2
150.0
150.0
150.0
150.0
NET
TRAINING
FEES
(M$)
90,629.1
3,834.9
3,083.1
2,054.6
1,248.1
317.5
9,878.1
9,019.6
7,608.8
5,917.0
4,740.6
5,904.4
10,770.7
8,233.3
9,461.0
8,557.4
NET
REVENUE
(M$)
56,266.2
54,187.2
55,217.5
55,841.7
56,186.4
56,266.2
39,651.5
44,505.9
48,228.8
50,860.6
52,777.5
5,629.6
14,965.5
21,453.2
28,230.6
33,803.4
CUM P.W.
10%
(M$)

61,230.5
46,442.9
39,266.6
33,868.2
29,702.1
71,700.0
4,860.0
4,740.0
4,500.0
4,500.0
4,500.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
4,860.0
NET
OPERATING
EXPENSE
(M$)
BANGORA FIELD
BLOCK 9
BANGLADESH

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NETHERLAND, SEWELL

& ASSOCIATES, INC.

Angun-1 Interpreted Well Log

Low Estimate Case

Best Estimate Case

High Estimate Case

Formation Volume Factor

Gross Rock Volume

VOLUMETRIC INPUT PARAMETERS - CONTINGENT RESOURCES

Gross (100 Percent)

Original Oil-In-Place (MMBBL)

SUMMARY OF ORIGINAL OIL-IN-PLACE AND

KrisEnergys current working interest is 25 percent in Block G11/48. It is

Mubadalas postwell volumetric calculations

Mubadalas petrophysical report

GEOPHYSICAL AND GEOLOGICAL SUMMARY

10.3.2 GEOLOGIC MAPPING

RESERVOIR ENGINEERING SUMMARY

CondensateDuration Choke Gas Rate

Initial reservoir pressure ranges from 2,600 to 4,000 psia.

Reservoir temperature ranges from 270 to 355F.

10.5.1 PROBABILISTIC RESOURCES DETERMINATION

Low Estimate Case

MDT based GWC @ -6,320 ft

MDT based GWC @ -6,200 ft

MDT based GWC @ -6,195 ft

MDT based GWC @ -6,195 ft

Best Estimate Case

GROSS ROCK VOLUME BASIS

Spill point @ -7,120 ft

Spill point @ -7,000 ft

Spill point @ -6,375 ft

Spill point @ -6,320 ft

Spill point @ -6,250 ft

Spill point @ -6,225 ft

Spill point @ -5,225 ft

High Estimate Case

Map Projection: UTM; Everest 1830 Ellipsoid (1937 Adjustment)

Map Projection: UTM; Everest 1830 Ellipsoid (1937 Adjustment)

Mantana-1 Interpreted Well Log

Mantana-1 Interpreted Well Log

Low Estimate Case

Best Estimate Case

High Estimate Case

VOLUMETRIC INPUT PARAMETERS - CONTINGENT RESOURCES

Formation Volume Factor

Recovery Factor (Decimal)

Gross (100 Percent)

Original Gas-in-Place (BCF)

SUMMARY OF ORIGINAL GAS-IN-PLACE AND

Prospective Gas Resources (BCF)

KrisEnergys current working interest is 25 percent in Block G11/48. It is anticipated that

GEOPHYSICAL AND GEOLOGICAL SUMMARY

RESERVOIR ENGINEERING SUMMARY

VOLUMETRIC INPUT PARAMETERS - PROSPECTIVE RESOURCES

Gross Rock Volume

Formation Volume Factor

Risked Gas (BCF)

Unrisked Gas (BCF)

SUMMARY OF GROSS (100 PERCENT) UNRISKED AND RISKED PROSPECTIVE RESOURCES

RESERVES AND FUTURE REVENUE,

KRISENERGY LTD INTEREST