AGBAMI RESERVOIR FLUID AND ROCK PROPERTY DATA

17 MY Reservoir (Initial and Current Crude Properties are the same)

Oil
Oil Property
Property Reservoir
Reservoir Information
Information –– 8/8ths
8/8ths
(17MY
(17MY Reservoir)~80%
Reservoir)~80% of
of total
total resource
resource
Field-Lease-Reservoir
Field-Lease-Reservoir AGBAMI----OML
AGBAMI OML127/128
127/128----17MY
17MYReservoir
Reservoir
Formation/GeologicAge
Formation/Geologic Age Middle Miocene
Lithology/DepositionalType
Lithology/Depositional Type Sandstone/Channelized & Sheet Turbidites
Depletion Mechanism
Depletion Crestal gas injection & Peripheral Water injection
Mechanism
Average Depth – Ft TVDSS -12,800’ Average Net Pay - Ft 219’
Average Depth – Ft -12,800’ Average Net Pay - 219’
Average Net-to-Gross
TVDSS 35% Productive Area - Acres
Ft 10,650
Average Net-to- 35% Productive Area - 10,650
Average Porosity - %
Gross 17% Average Permeability – md
Acres 150 - 1100
Average Porosity -
Initial Water 17%
25% Average
Initial Permeability – 150
212- oF
%Initial Water Saturation 25% Initial Reservoir
md 212o F
1100
Saturation Reservoir
Temperature - F
Oil - ºAPI / % Sulphur 49.7oo/ NIL Gas SG (Air=1) 0.65
Oil - ºAPI / % Sulphur 49.7 / NIL Gas SG (Air=1) 0.65
Oil
Oil Viscosity
Viscosity –– cp 0.23
0.23cp
cp Water
WaterViscosity
Viscosity–– cp 0.30
0.30cp
cp
cp cp
Boi
Boi –– RB/STB
RB/STB 1.464
1.464rb/stb
rb/stb Initial
Initial GOR 1,146
1,146
GOR scf/stb
scf/stb
Initial
Initial Pressure
Pressure 7150
7150psia
psia Bubble
BubblePoint
Point Pressure 2,875
2,875 psia
psia
Current 5925
5925psia
psia(Agb-
(Agb-03st) Pressure
Current Pressure 03st)
6417 psia (Agb-06)
6417 psia (Agb-06)
6961 psia (Agb-14st)
6961 psia (Agb-
Oil
Oil Water
Water Contact
Contact -14,698’
-14,698’ Gas
GasOil
OilContact
Contact-- MSL N/A
N/A
MSL
Dip
Dip Angle
Angle -- Degrees 27
27-- 35 o P1
P1OOIP
OOIP-- MMSTBO 1379
1379
Degrees 35o MMSTBO

16 MY Reservoir (Initial and Current Crude Properties are the same)

Oil Oil Property
Property Reservoir
Reservoir Information
Information –
– 8/8ths
8/8ths
(16MY Reservoir)
Field-Lease-Reservoir
Field-Lease-Reservoir AGBAMI----OML
AGBAMI OML127/128
127/128----16MY
16MY Reservoir
Formation/Geologic Age
Formation/Geologic Age Reservoir
Middle Miocene
Lithology/Depositional Type
Lithology/Depositional Type Sandstone/Channelized & Sheet Turbidites
Depletion Mechanism
Depletion Mechanism Crestal gas injection

Average Depth – Ft TVDSS -12,008’ Average Net Pay - Ft 64’

Average Depth
Average Net-to-Gross
– Ft TVDSS 31%
-12,008’ Productive
Average NetArea
Pay -- Ft
Acres 4,347
64’
Average Porosity -%
Average Net-to-Gross 21%
31% Average Permeability
Productive – md
Area - Acres 200 - 700
4,347
o
Initial Water
Average Saturation
Porosity -% 26%
21% Initial Reservoir
Average Temperature
Permeability – md -F 185
200 F
- 700
o
Oil - ºAPI / % Sulphur
Initial Water Saturation 4526%/ NIL Gas SG
Initial (Air=1) Temperature - F
Reservoir 1850.8
o
F
Oil Viscosity – cp 0.89 cp Water Viscosity – cp 0.3 cp
Oil - ºAPI / % Sulphur 45o / NIL Gas SG (Air=1) 0.8
Boi – RB/STB 1.7 rb/stb Initial GOR 1,500 scf/stb
Oil Viscosity – cp 0.89 cp Water Viscosity – cp 0.3 cp
Initial/Current Pressure 5683 psia Bubble Point Pressure 2,800 psia
Boi – RB/STB 1.7 rb/stb Initial GOR 1,500 scf/stb
Oil Water Contact -11,552’ Gas Oil Contact - MSL N/A
Initial/Current Pressure 5683 psia Bubble Point Pressure 2,800 psia
Dip Angle - Degrees 27 - 35o P1 OOIP - MMSTBO 263
Oil Water Contact -11,552’ Gas Oil Contact - MSL N/A
Dip Angle - Degrees 27 - 35o P1 OOIP - MMSTBO 263
14 MY Reservoir Fluid (Initial and Current Crude Properties are the same)

Oil Oil Property

Property Reservoir
Reservoir Information
Information –
– 8/8ths
8/8ths
(14MY Reservoir)
Field-Lease-Reservoir
Field-Lease-Reservoir AGBAMI----OML
AGBAMI OML127/128
127/128----14MY
14MY Reservoir
Formation/Geologic Age
Formation/Geologic Age Reservoir
Middle Miocene
Lithology/Depositional Type
Lithology/Depositional Type Sandstone/Channelized & Sheet Turbidites
Depletion Mechanism
Depletion Mechanism Crestal gas injection & Peripheral Water Injection

Average Depth – Ft TVDSS -11,060’ Average Net Pay - Ft 42’

Average Depth – Ft TVDSS -11,060’ Average Net Pay - Ft 42’
Average Net-to-Gross 22% Productive Area - Acres 2,054
Average
Average Net-to-Gross
Porosity - % 22%
23% Productive Area - Acres
Average Permeability – md 4002,054
– 1800
Average Porosity - % 23% Average Permeability – md 400 – 1800
Initial Water Saturation 28% Initial Reservoir Temperature - F 175ooF
Initial Water Saturation 28% Initial Reservoir Temperature - F 175 F
o
Oil
Oil -- ºAPI
ºAPI // %
% Sulphur
Sulphur 44
44o//NIL
NIL Gas
GasSG SG(Air=1)
(Air=1) 0.73
0.73
Oil
Oil Viscosity
Viscosity –– cp
cp 0.8
0.8cp
cp Water
WaterViscosity
Viscosity––cp
cp 0.3
0.3cp
cp
Boi
Boi –– RB/STB
RB/STB 1.6
1.6rb/stb
rb/stb Initial
InitialGOR
GOR 1,150
1,150scf/stb
scf/stb
Initial/Current
Initial/Current Pressure
Pressure 5,655
5,655psia
psia Bubble
BubblePoint
PointPressure
Pressure 2,960
2,960psia
psia
Oil
Oil Water
Water Contact
Contact -11,254’
-11,254’ Gas
GasOil
OilContact
Contact--MSL
MSL N/A
N/A
Dip
Dip Angle
Angle -- Degrees
Degrees 27 35oo
27--35 P1
P1OOIP
OOIP--MMSTBO
MMSTBO 73
73

13 MY Reservoir (Initial and Current Crude Properties are the same)

Oil Oil Property

Property Reservoir
Reservoir Information
Information –
– 8/8ths
8/8ths
(13MY Reservoir)
Field-Lease-Reservoir
Field-Lease-Reservoir AGBAMI----OML
AGBAMI OML127/128
127/128----13MY
13MY Reservoir
Formation/Geologic Age
Formation/Geologic Age Reservoir
Middle Miocene
Lithology/Depositional Type
Lithology/Depositional Type Sandstone/Channelized & Sheet Turbidites
Depletion Mechanism Primary Depletion
Depletion Mechanism
Average Depth – Ft TVDSS -8,442’ Average Net Pay - Ft 57’
Average Depth
Average Net-to-Gross
– Ft TVDSS 27.1%
-8,442’ Productive
Average NetArea
Pay -- Ft
Acres 1,755
57’
Average Porosity -%
Average Net-to-Gross 23.6%
27.1% Average Permeability
Productive – md
Area - Acres 2000
1,755
o
Initial Water
Average Saturation
Porosity -% 35.2%
23.6% Initial Reservoir
Average Temperature
Permeability – md -F 124
2000F
o
Oil - ºAPI
Initial / %Saturation
Water Sulphur 42
35.2%/ NIL Gas SG
Initial (Air=1) Temperature - F
Reservoir 0.8
124 o
F
Oil Viscosity – cp 0.3 cp Water Viscosity – cp 0.3 cp
Oil - ºAPI / % Sulphur 42o / NIL Gas SG (Air=1) 0.8
Boi – RB/STB 1.56 rb/stb Initial GOR 1,100 scf/stb
Oil Viscosity – cp 0.3 cp Water Viscosity – cp 0.3 cp
Initial/Current Pressure 4,315 psia Bubble Point Pressure 3,000 psia
Boi – RB/STB 1.56 rb/stb Initial GOR 1,100 scf/stb
Oil Water Contact -8,639’ Gas Oil Contact - MSL -8,601 (13C)
Initial/Current Pressure 4,315 psia Bubble Point Pressure 3,000 psia
Dip Angle - Degrees 27 - 35o P1 OOIP - MMSTBO 76
Oil Water Contact -8,639’ Gas Oil Contact - MSL -8,601 (13C)
Dip Angle - Degrees 27 - 35o P1 OOIP - MMSTBO 76
 AGBAMI PVT DATA

17 MY Reservoir

Fraction Mole % Weight % Mwt (g/gmole) Specific Gravity *B.P. (F)

C7+ 27.265 67.882 176.44 0.8024 437.2
C12+ 12.735 43.359 241.29 0.8253 579.1
C30+ 0.486 4.111 600.00 1.0255 995.2
* Boiling Points Calculated using Twu Correlation, (Twu, Fluid Phase Equilibria, 16 (1984), pp. 137-150)
16 MY Reservoir

Component Flashed Flashed gas Monophasic fluid

liquid
mol % mol % mol %

N2 N2 0 0.01 0.01
CO2 CO2 0 0.23 0.16
H2S H2S 0 0 0
C1 CH4 0 72.95 49.31
C2 C2H6 0.11 7.07 4.81
C3 C3H8 0.68 8.58 6.02
iC4 i-C4H10 0.73 3.2 2.4
nC4 n-C4H10 1.47 3.84 3.07
iC5 i-C5H12 2.11 1.67 1.81
nC5 n-C5H12 2.2 1.05 1.42
pseudo C6H14 6.02 0.84 2.52
C6
pseudo C7H16 10.48 0.43 3.69
C7
pseudo C8H18 13.17 0.13 4.36
C8
pseudo C9H20 9.07 0 2.94
C9
pseudo 7.57 0 2.45
C10 C10H22
pseudo 6.21 0 2.01
C11 C11H24
pseudo 5.3 0 1.72
C12 C12H26
pseudo 4.86 0 1.58
C13 C13H28
pseudo 4.21 0 1.37
C14 C14H30
pseudo 4.01 0 1.3
C15 C15H32
pseudo 3.17 0 1.03
C16 C16H34
pseudo 2.64 0 0.85
C17 C17H36
pseudo 2.4 0 0.78
C18 C18H38
pseudo 1.48 0 0.48
C19 C19H40
C20+ C20+ 12.1 0 3.92
14 MY Reservoir
Compositional Analysis of Reservoir Fluid Sample No. 1.01 to C3O+

FTaahed Li‹pâd

Cr+ Mole% 93.91 2.92 29.4T

Molecular WeigM (g mol-1) 184 98.6 1T8
Density at 60”F (g cm-3) 0.8133 0.7384 0.8101

Mole% 58.11 0.01 16.gE

Molecular WeigM (g mol-1) 147 ZZ5
Density at 60”F (g cm-3) 0.8430 0.7890 0.8430

Mole% 11.63 339

Molecular WeigM (g mol-1) 353
Density at 60”F (g cm-3) 0.8879 08879
Mole % 220 0.65
Molecular WeigM (g mol-1) 485
Density at 60”F (g cm-3) 0.9169 0.9169

Average mole weight (g mol-1) 180 29.0 M3

Flash Gas-Oil Ratio (scf/bbI) 1 1460
(from atmaapheric flaah at
120“F)
Base oil contamination by weight 6.5%