AMERICAN AIR LIQUIDE HOLDINGS INC.

PREMIUM WORKSHEET

1) AREA:- AREA I.

2) GROSS FOOTAGES:-
DRILLING WORKOVER PRODUCING/ TOTAL
SHUT-IN

0 - 5,000' 0 0 0 0
5,001 - 7,500' 0 0 5,400 5,400
7,501 - 10,000' 0 0 0 0
10,001 - 15,000' 0 0 0 0
15,001 - 20,000' 0 0 0 0
0 0 5,400 5,400

3) LIMIT:- OEE - USD 20,000,000 / CCC USD 1,000,000

4) RATING STRING:-

RATE ($5MM) FC REDRILL UNGRD ADDL SHALLOW

AREA I / S&P BLOWOUT COVRGES WELL CREDIT

0 - 5,000' 0.56 X 1.00 X 1.35 X 1.25 X 1.20 X 0.60

5,001 - 7,500' 0.56 0.80
7,501 - 10,000' 0.56 DWC LIMIT ($20M)
10,001 - 15,000' 0.84 X 0.90 X 1.76
15,001 - 20,000 1.26

*Workovers at 50% of Drilling Rate (Re-entry at Workover Rate / New Drilling at Drilling Rate) but Nil if AFE less than USD50,000.
Developmental Drilling Wells at 90% of Drilling Exploratory Rates.
Producing Wells at 10% of Drilling Rates.

5) RATES:-
USD Per Foot Drilled

DEPTH BAND
DRILLING WORKOVER PROD/SHUT-IN
LIMIT $20M LIMIT $20M LIMIT $20M

0 - 5,000' 1.0778 0.5988 0.1198

5,001 - 7,500' 1.4370 0.7983 0.1597
7,501 - 10,000' 1.7963 0.9979 0.1996
10,001 - 15,000' 2.6944 1.4969 0.2994
15,001 - 20,000 4.0416 2.2453 0.4491

6) PREMIUM:-

DEPTH BAND NETT PREMIUM

FOOTAGE RATES

DRILLING (LIMIT $20M)

0 - 5,000' 0 1.0778 USD 0

5,001 - 7,500' 0 1.4370 USD 0
7,501 - 10,000' 0 1.7963 USD 0
10,001 - 15,000' 0 2.6944 USD 0
15,001 - 20,000 0 4.0416 USD 0
0 USD 0

WORKOVER (LIMIT $20M)

0 - 5,000' 0 0.5988 USD 0

5,001 - 7,500' 0 0.7983 USD 0
7,501 - 10,000' 0 0.9979 USD 0
10,001 - 15,000' 0 1.4969 USD 0
15,001 - 20,000 0 2.2453 USD 0
0 USD 0

Total Estimated Drilling / Workover Premium: USD 0

50% Drilling/Workover Deposit, Adjustable semi-annually: USD 0

PRODUCING/SHUT-IN (LIMIT $20M)

0 - 5,000' 0 0.1198 USD 0

5,001 - 7,500' 5,400 0.1597 USD 862
7,501 - 10,000' 0 0.1996 USD 0
10,001 - 15,000' 0 0.2994 USD 0
15,001 - 20,000 0 0.4491 USD 0
5,400 USD 862

100% Producing/Shut-In Premium: USD 862

TOTAL ESTIMATED EARNED PREMIUM: USD 862

TOTAL PREMIUM AT INCEPTION (Drilling/Workover Deposit plus Producing/Shut-in Premium): USD 862

MINIMUM AND DEPOSIT PREMIUM: USD 45,221