WHITE NILE(5B) PETROLEUM OPERATING COMPANY

END OF WELL REPORT

Hosan-1/Exploration Well
Block 8 / Blue Nile State

CONTENTS

1. WELL SUMMARY

2. TIME BREAKDOWN

3. NON-PRODUCTIVE TIME SUMMARY

4. TIME ANALYSIS

5. COST- PLAN vs ACUAL

6. DEPTH vs DAYS GRAPH

7. BIT RECORD

8. MATERIAL CONSUMPTION

9. WELL SCHEMATIC

10. WELL PARAMETERS

SIGNATORIES

PREPARED BY :

SENIOR DRILLING ENGINEER

DATE : _____________

APPROVED BY :

OPERATIONS MANAGER

DRILLING MANAGER

DATE : _____________

DATE : _____________
 WELL PARAMETERS
WELL NAME /WELL TYPE : Hosan-1/Exploration Well
BLOCK / STATE : Block 8 / Blue Nile State
WELL CLASSIFICATION / AFE MANAGER : xxx
LATITUDE / LONGITUDE : 13ْ 26' 19.4" (13.43878 N) 34ْ 06' 28.4" (34.10789 E)
UTM ( ZONE 35 ) : 1485,929.58mN 619,933.78mE
SEISMIC LINE : SD8PC-2D-04-94
OBJECTIVE : Dinder-3 & Lower Dinder-2 Blue Nile
OFFSET WELL(S) : Dinder-1
MOVING DISTANCE : 2.8 km from TJ-11

RIG CONTRACTOR / RIG NAME / RIG TYPE : ZPEB 747 Mechanical

KB to GL : 6.5 m Ground Level Elevation : 427 AMSL

DATE DRILLING RIG MOVED : 11/10/2004 18:00

DATE SPUDDED : 12/1/2004 11:30
DATE REACHED TD : 1/23/2005 11:00
DATE DRILLING RIG RELEASED : 1/31/2005 18:00

MOVE DAYS : 497.50 hrs 20.7292 Days

DRILLING DAYS : 1470.5 hrs 61.2708 Days
FORMATION EVALUATION DAYS : 68.00 hrs 2.8333 Days
MOVE NPT : 0.00 hrs 0.0000 Days
DRILLING NPT : 0.00 hrs 0.0000 Days
FORMATION EVALUATION NPT : hrs 0.0000 Days
TOTAL NPT : 0.00 hrs 0.0000 Days
TOTAL DAYS : 1968.00 hrs 82.0000 Days

CASING SCHEME : TYPE SIZE (in) DEPTH (mRKB) GRADE/WEIGHT (ppf) CONN.
CONDUCTOR : 20 18 X-52 94
SURFACE : 13.375 552 L-80 68 BT &C
INTERMEDIATE : 9.625 1735 L-80 47
PRODUCTION : BT &C
LINER :
PBTD : 2911

WELL DATA : PLAN ACTUAL

TOTAL DEPTH (m) : 3200 2911
HOLE ENLARGEMENT # 1 : 0 From to
HOLE ENLARGEMENT # 2 : From to
GEOLOGICAL SIDETRACK : From to
TOTAL METERAGE 3200 2904.5
WELL PROFILE / MAX. ANGLE : Vertical Vertical
AFE DRILLING & MOVING (USD / NO.) : 4,620,207 8 / 040401 (Plan and actual cost for Rig
REVISION AFE (USD / NO.) : Moving and Drilling only)

ACTUAL DRILLING COST ONLY

CORING DATA : RECOVERY INTERVAL
CORE # 1 : from to
CORE # 2 : from to
CORE # 3 : from to
CORE # 4 : from to

PERFORMANCE INDICATORS

MDPK (WITH NPT) : 7.4033

DDPTM (WITH NPT) : 21.0951
DDPTM (WITHOUT NPT) : 21.0951
DDPTF (WITH NPT) : 6.4298
DDPTF (WITHOUT NPT) : 6.4298
%MNPT : 0.00%
%DNPT : 0.00%
WCPM (USD) OVERALL : 0.00
WCPF (USD) OVERALL : 0.00
WCPM (USD) DRILLING ONLY 0.00
WCPF (USD) DRILLING ONLY 0.00
 TIME BREAKDOWN
CODE DETAILS / DATE 10-Nov-04 11-Nov-04 12-Nov-04 13-Nov-04 14-Nov-04 15-Nov-04 16-Nov-04 17-Nov-04 18-Nov-04 19-Nov-04 20-Nov-04 21-Nov-04 22-Nov-04 23-Nov-04 24-Nov-04 25-Nov-04 26-Nov-04 27-Nov-04 28-Nov-04 29-Nov-04 30-Nov-04 1-Dec-04 2-Dec-04 3-Dec-04 4-Dec-04 5-Dec-04 6-Dec-04 7-Dec-04 8-Dec-04 9-Dec-04 10-Dec-04 11-Dec-04 12-Dec-04 13-Dec-04 14-Dec-04 15-Dec-04 16-Dec-04 17-Dec-04 18-Dec-04 19-Dec-04 20-Dec-04 21-Dec-04 22-Dec-04 23-Dec-04 24-Dec-04 25-Dec-04 26-Dec-04 27-Dec-04 28-Dec-04 29-Dec-04 30-Dec-04 31-Dec-04 1-Jan-05 2-Jan-05 3-Jan-05 4-Jan-05 5-Jan-05 6-Jan-05 7-Jan-05 8-Jan-05 9-Jan-05 10-Jan-05 11-Jan-05 12-Jan-05 13-Jan-05 14-Jan-05 15-Jan-05 16-Jan-05 17-Jan-05 18-Jan-05 19-Jan-05 20-Jan-05 21-Jan-05 22-Jan-05 23-Jan-05 24-Jan-05 25-Jan-05 26-Jan-05 27-Jan-05 28-Jan-05 29-Jan-05 30-Jan-05 31-Jan-05 1-Feb-05 2-Feb-05 3-Feb-05 4-Feb-05 5-Feb-05 6-Feb-05 7-Feb-05 8-Feb-05 9-Feb-05

PT 101 Moving In & Rigging Up 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 17.00 24.00 149.00
PT 102 Conductor 0.00
PT 103 Inspection & Modification 0.00
PT 104 Rigging Down & Moving Out 6.00 19.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 6.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 121.00
PT 201 Drilling & Deviation Survey 12.50 20.50 13.00 18.00 22.50 21.00 23.50 10.00 20.50 23.00 10.00 2.50 23.50 15.00 24.00 22.00 10.50 19.50 19.50 17.00 19.50 24.00 7.00 24.00 23.00 24.00 13.50 15.00 24.00 24.00 22.50 10.00 24.00 24.00 10.00 16.50 24.00 7.00 20.50 13.00 12.00 194.50
PT 202 Trips & Circulation 3.50 6.00 9.00 8.17 1.50 3.00 0.50 13.50 3.50 14.00 8.00 10.50 3.00 14.50 1.50 0.50 9.00 1.00 11.50 4.00 4.50 7.00 4.50 17.00 1.00 6.50 7.50 1.50 14.00 13.00 7.00 16.00 3.50 11.00 10.50 4.50 10.50 15.00 6.50 15.00 3.50 10.50 11.00 98.67
PT 203 Cementing, Grouting & WOC 14.00 4.50 4.00 20.50 7.00 1.00 14.00
PT 204 Run casing & Wellhead 5.00 10.00 3.00 14.00 18.00
PT 205 BOP equipment 7.50 4.00 9.00 1.50 6.00 7.50
PT 206 Abandonment 0.00
PT 207 Others 2.50 1.00 0.00
PT 301 Logging & RFT 5.00 2.00 16.00 13.50 21.00 6.50 1.50 19.50 13.50 9.00 17.50 9.00 64.00
Cement Log 0.00
PT 302 Coring 0.00
Scraper Run 5.50 0.00
Hole openning 22.00 15.00 10.83 47.83
Well Testing 0.00
0.00
DT 101 Wait on Location/ Road 4.00 4.00
DT 102 Wait on Truck 0.00
DT 103 Wait on Daylight 5.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 7.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 216.00
DT 104 Wait on Weather 0.00
DT 105 Wait on Other Dept. 0.00
DT 106 Wait on Order 0.00
DT 107 Wait on Supplies 0.00
DT 108 Wait on Other 0.00
DT 201 Rig Equipment 0.50 1.00 2.00 0.50 1.00 0.50 1.00 1.50
DT 202 Cementing 0.00
DT 203 Drillpipe, Drill Collar & HWDP 1.00 0.00
DT 204 Directional & Surveying Tools 0.00
DT 205 Jars & Shock Sub 0.00
DT 206 Excessive Reaming 0.00
DT 207 Stucked 0.00
DT 208 Loss Circulation 0.00
DT 209 Well Equipment 0.00
DT 210 Well Control 0.00
DT 211 Other 0.00
DT 301 Wireline Logging 0.00
DT 302 LWD 0.00
DT 303 Coring 0.00
DT 304 FRP while Evaluation 0.00
Sub Total 6.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 0.00 0.00 0.00 0.00 18.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 14.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 0.00 936.00
Productive sub total 6.00 19.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 17.00 24.00 20.00 24.00 24.00 2.00 9.00 13.17 24.00 0.00 0.00 0.00 0.00 18.00 24.00 24.00 24.00 23.50 24.00 23.00 24.00 24.00 24.00 24.00 24.00 24.00 14.00 24.00 24.00 24.00 24.00 22.00 23.50 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 23.00 23.50 24.00 23.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 23.00 24.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 0.00 666.67
Non productive sub total 0.00 5.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 7.00 0.00 4.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.50 0.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 0.00 221.50
 Downtime/ Unplanned Activities
Downtime/ Unplanned Activities
Hole
Date
Depth
Phase Code Hour Cum Hour Cost Cum Cost Description

10-Nov-04 0 Moving In & Rigging Up 5.00 5.00 7,292 7,292 Wait on Dailylight
11-Nov-04 0 Moving In & Rigging Up 12.00 17.00 15,000 22,292 Wait on Dailylight
12-Nov-04 0 Moving In & Rigging Up 12.00 29.00 17,500 39,792 Wait on Dailylight
25-Jun-04 0 Moving In & Rigging Up 12.00 41.00 17,500 57,292 Wait on Dailylight
8-Jul-04 1450 Running 7" liner 2.00 43.00 6,250 63,542 POOH to check hanger
POOH, RIH for wiper
9-Jul-04 1450 Running 7" liner 15.00 58.00 52,292 115,834
trip
58.00 0 115,834

58.00 0 115,834

58.00 0 115,834

58.00 115,834
 Time Analysis

Net
Details Interval UOM Start time Actual Days Cum NPT Actual Cum dptm
Days
Rig move 0 10 Nov 2004 18:00 20.73 20.73 1.70 19.03 19.03
Drill 12 1/4" hole 552 dptm 01 Dec 2004 11:30 -152.46 -131.73 -152.46 -133.43 -276.19
Logging surface hole 552 -131.73 0.00 -133.43
Run surf csg 552 dptm 02 Jul 2004 00:30 0.40 -131.33 0.40 -133.03 0.72
Cementing 552 dptm 02 Jul 2004 10:00 0.27 -131.06 0.27 -132.76 0.49
Cut csg, install wellhead & N/U BOP 552 02-Jul-04 1.44 -129.62 1.44 -131.32
Drilling prod hole to 2911m 2911 dptm 04 Jul 2004 03:00 1.58 -128.05 1.58 -129.75 0.54
Run prod hole log 2911 05 Jul 2004 16:50 2.83 -125.22 2.83 -126.92
Run csg 2911 dptm 08 Jul 2004 12:50 1.46 -123.76 0.00 1.46 -125.46 0.50
Cementing 2911 dptm 09 Jul 2004 23:50 1.54 -122.22 1.54 -123.92 0.53
Wellhead & Rig down 2911 11 Jul 2004 12:50 0.22 -122.00 0.22 -123.70 0.22
Rig Released 2911 11 Jul 2004 18:00
Drilling days (excl move & log) 2911 -145.56 -145.56 -145.56
 #REF!
1.6 : CASING, CEMENTING & DRILLING MUD
CASING DATA
TYPE SIZE WEIGHT GRADE THREAD NO. OF JOINT DEPTH

mm kg/m CSG/TBG mKB

CONDUCTOR CASING 20 94 X-52 BFW 3 18

SURFACE CASING 13.375 68 L-80 ST&C 20 552

PRODUCTION CASING 0 0 0 BT&C 165 0
CEMENTING DATA
CEMENT SLURRY 20 mm Conductor Casing 13.375 mm SURF CSG 0 mm PROD CSG

LEAD SLURRY TAIL SLURRY LEAD SLURRY TAIL SLURRY LEAD SLURRY TAIL SLURRY

AMOUNT (tonne) - 8.91 16.16 21.09 57.48

SLURRY WT (kg/m³) - 1440 1890 1440 1890
YIELD (m³/t) 1.6 0.77 1.6 0.77
WATER (l/t)

TOTAL FLUID (m³) -

EST TOC (m KB) - 6.5 452
CEMENT RECIPES -

DRILLING MUD DATA

COND HOLE SURF HOLE PROD HOLE

HOLE SIZE (mm) 609.6 273.05 250.825

INTERVAL (m MD) 0 18 18 552 552 2911
MUD TYPE Water/Hi-Vis BENTONITE SPUD MUD LIME/KCL /POLYMER
MW (ppg) 8.6 9.2 10.3
PV 11 18
YP 17 29
GEL (10 Sec/10 Min) 3 4 3 5
Ph 9 12
Cost (USD) 1828 1,292.00 75,185.28
Cost (USD/m) 101.56 2.34 31.87