BIT INFORMATION FORM

Date In 09-Jan-10 Date Out 12-Jan-10

Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
RAV-8H6 5 216 5 HUGHES HCD506ZX 7127486 M323
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,484.00 2,916.00 1,432.00 29.8 m/hr 48 0 / 100 1.8-3.6
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
16,600 50 m/sec 487 lbf 7.6 6 x 16 555
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
FLOPRO NT 1.15 22 / 46 13.6-19.0 120-150 555 48
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1487.44m Inc. 86.7° Az. 5.11°
1 1 WT A X I CT TD Last Survey Depth: 2895.79m Inc. 90.29° Az. 15.24°

216mm (8.5in) HUGHES HCD506ZX PDC BIT. SERIAL No.7124786, XCEED 675, PERISCOPE 675, TELESCOPE
BHA #5
675NF, ADN-6

BHA Length 63.04 m BHA Weight 14.70 t Wt below Jar 10.90 t

Comments:

Performance:
Formation Interval (mMD) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
Barrow/Pyrenees 1484-2916 33.3 43.0 m/hr 5.11-211 30.2 m/hr

Bit Condition:
Bit was in rerunnable condition. One chipped tooth on nose of blade. No gauge damage observed.

Chipped Tooth Gauge View

In Gauge Top View

9/04/2010
 BIT INFORMATION FORM
Date In 19-Oct-09 Date Out 22-Oct-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-3H1 1 311 3 Smith MDi616LHSBPX JY6621 M222
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
966.00 1,728.00 762.00 29.5 m/hr 25.8 0 / 100 0-10
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
3.60 19,305 70 m/sec 1148 lbf 1.34 6 x 15, 2 x 14 432
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
Ultradril 1.14-1.22sg 35 / 50 5-20 100-140 432 37.75
Dull Bit Grading I O D L B G O R Starting Survey Depth: 987.m Inc. 46.63° Az. 15.28°
1 2 BT S X I BU TD Last Survey Depth: 1728.m Inc. 87.° Az. 16.66°
311mm (12.25in) SMITH MDi616LHSBPX PDC BIT (S/N: JY6621), POWERDRIVE 900 X5, ARC-8 (GR-RES-APWD),
BHA #3 TELESCOPE 825 NF, NMDC, 210mm DRILL COLLAR, HYDRAULIC JAR, 210mm DRILL COLLAR, CROSSOVER,
DART SUB, 27JTS 127mm HWDP.
BHA Length 318.14 m BHA Weight 71.00 t Wt below Jar 19.70 t
Comments:

Performance:
Formation Interval (mMD) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
L Gearle 1033 - 1028 10.25 35.0 m/hr 25-50 m/hr
Windalia Radiolarite 1028 - 1296 11.5 50.0 m/hr 25-100 m/hr
Muderong 1296 - 1715 20.25 25.0 m/hr 10-50 m/hr
Bit Condition:
Bit was in good condition. Observed chipped cutters on some shoulder areas and one broken cutter. Observed slight erosion on the shoulder
matrix. Bit observed to be was balled up upon retrieval.

Chipped cutters on shoulder and erosion to matrix Broke Cutter

Bit Condition Bit Balled Up

23/10/200
 BIT INFORMATION FORM
Date In 08-Nov-09 Date Out 09-Nov-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-4H2 3 311 3 HCC HCD506Z 7017892 M222
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,103.00 1,221.00 118.00 26.8 m/hr 4.4 0 / 100 0-10
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
14,500 70 m/sec 1079 lbf 8.77 3 x 16, 3 x 18 63
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
Ultradril 1.16sg 18 / 31 6.8-17.7 80-140 63 6
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1110.3m Inc. 54.77° Az. 350.33°
1 1 WT A X I NO BHA Last Survey Depth: 1218.06m Inc. 60.93° Az. 357.72°

HCC HCD-506Z 311mm (12.25in) PDC BIT. SERIAL No. 7017892., POWERDRIVE 900 X5-ARC8 (RES-GR-APWD)-
BHA #3
TELESCOPE 825 NF, 27JTS 127mm HWDP.

BHA Length 318.21 m BHA Weight 71.00 t Wt below Jar 19.70 t

Comments:

Performance:
Formation Interval (mMD) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
L Gearle 1103-1200 3.7 32.6 m/hr 6.7-76.7 17.3 m/hr
Windalia Radiolarite 1200-1221 0.7 31.8 m/hr 17-48.4 17.5 m/hr

Bit Condition:
Bit was in good condition. BHA pulled due to inability to achieve required build for hole angle.

Cutter Condition Gauge View

Top View

12/11/200
 BIT INFORMATION FORM
Date In 05-Aug-09 Date Out 06-Aug-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-5H3 3 311 3 Smith MDi616 LHSBPX JY9392 M222
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
993.80 1,470.00 476.20 29.4 m/hr 16.2 0 / 100 2.3 - 6.8t
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
0.06 22,000 66 m/sec 959 lbf 1.34 2 x 14, 6 x 15 237
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
ULTRADRIL 1.14 30 / 50 7 - 20 140 268 24.75
Dull Bit Grading I O D L B G O R Starting Survey Depth: 972.94m Inc. 41.32° Az. 51.24°
2 4 BT T X 1 PN TD Last Survey Depth: 1470.m Inc. 87.00° Az. 43.00°

311mm (12.25in) Smith MDi616 LHSBPX PDC BIT (SERIAL No. JY9392), POWERDRIVE 900 X5 (GAMMA), ARC8
BHA #3
(RES-GR-APWD), TELESCOPE 825 NF MWD

BHA Length 315.64 m BHA Weight 70.40 t Wt below Jar 19.90 t

Comments:

Performance:
Formation Interval (m) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns

Dockrell 993.8 - 1003 0.5 25.0 m/hr 10-30 m/hr

L. Gearle 1003 - 1196 8.5 30.0 m/hr 10-40 m/hr
Windalia 1196 - 1306 5 40.0 m/hr 10-50 m/hr
Muderong 1306 - 1454 6.75 20 m/hr 5-50 m/hr
Barrow Group 1454 - 1470 2.25 25.0 m/hr 10-50 m/hr
Bit Condition:
Bit Condition: Plugged nozzle observed once bit back to surface. Bit gauged 1/16 undergauge, bit gauge sat lower when placed on bit post run.
Broken cutters evident on Taper.

Damaged Nozzle Broken Teeth on Taper

1/16 Undergauge Gauge View

8/08/200
 BIT INFORMATION FORM
Date In 08-Aug-09 Date Out 14-Aug-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-5H3 4 216 4 Reed RSR616M-B28 222997 M422
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,470.00 3,319.00 1,849.00 28.8 m/hr 64.3 0 / 100 2.7-6.8t
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (in²) Nozzles Tot TBRs (krevs)
18,600 66 m/sec 632 lbf 1.035 6 x 15 1013
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
FLOPRO NT 1.16 25 / 40 16.3-27.2 140 1013 82.75
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1480.92m Inc. 87.79° Az. 43.17°
3 4 BT A X I CT TD Last Survey Depth: 3298.4m Inc. 88.22° Az. 45.23°

REED HYCALOG RSX616M-B28 BIT (SERIAL No. 222997) - XCEED675 - PERSICOPE 675 (RES-APWD-GR) - ILS -
BHA #3
TELESCOPE 675 NF (IWOB-MVC-GR-D&I) - ADN-6(DENSITY-POROSITY)-NMDC-HYDRA JAR.

BHA Length 63.59 m BHA Weight 15.20 t Wt below Jar 11.40 t

Comments:

Performance:
Formation Interval (m) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns

Barrow Group 1470-1696 6.1 37.1 m/hr 40-60

Muderong 1696-1805 12.6 8.7 m/hr 3-10
Barrow Group 1805-3319 45.6 33.2 m/hr 25-45

Bit Condition: Broken teeth appear to have resulted when drilling plug set as the broken teeth had been rounded. Extensive chipping and
damage to teeth in inner row. De-lamination present on 2 x cutters on inner row. Gauge was still intact; gauge protector worked well.

Broken Teeth and De-laminated Cutters Gauge View

Broken Teeth and De-laminated Cutters In Gauge

17/08/200
 BIT INFORMATION FORM
Date In 13-Jul-09 Date Out 15-Jul-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-6H4 3 311 3 HCC HCD-506 7211470 M323
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,056.00 1,486.00 430.00 25.6 m/hr 16.8 0 / 100 11.4
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
29,300 70 m/sec 1079 lbf 1.33 3 x 16, 3 x 18 237
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
ULTRADRIL 1.14 34 / 37 19 150 237 22.25
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1071.05m Inc. 46.04° Az. 25.55°
2 4 BT S X I WT TD Last Survey Depth: 1465.03m Inc. 87.63° Az. 29.79°

HCC HCD-506 311mm (12.25in) PDC BIT (SERIAL No. 7211470) WITH POWERDRIVE 900 X5-ARC8 (RES-GR-APWD)-
BHA #3
TELESCOPE 825 NF

BHA Length 315.87 m BHA Weight 71.60 t Wt below Jar 20.00 t

Comments:

Performance:
Formation Interval (m) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
L. Gearle 1056-1191 5.5 37.0 m/hr 12-102
Windalia 1191-1301 5.25 34.2 m/hr 9-81.4
Muderong 1301-1464 8.25 24.7 m/hr 3-87.6
Barrow Group 1464-1486 1 39.4 m/hr 5-134
Bit Condition:
The bit was in reasonably good shape. Still in gauge. Some cutters were broken especially on two blades. Condition of the broken teeth were
sharp, indicating that it was newly broken and did not occur during drilling. Bit performance overall good. Observed significant balling between
blades of bit and lower BHA.

Broken Teeth on Shoulder Broken Teeth

In Gauge Gauge View

8/08/20
 BIT INFORMATION FORM
Date In 19-Jul-09 Date Out 24-Jul-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
CRO-6H4 6 216 5 REED RSR616M-B28 221627 M422
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,486.00 3,315.00 1,829.00 35.9 m/hr 50.9 0 / 100 4.5
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
14,500 36 m/sec 326 lbf 1.49 6 x 18 865
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
FLOPRO NT 1.16 23 / 40 20.4 140 865 69.75
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1488.31m Inc. 87.58° Az. 28.58°
2 4 CT A X I WT TD Last Survey Depth: 3292.45m Inc. 89.96° Az. 50.45°

REED HYCALOG RSR616M-B28 BIT (SERIAL No. 221627) - XCEED675 - PERISCOPE 675 (RES-APWD-GR) - ILS -
BHA #3
POWERPULSE 675 HF - ADN-6(DENSITY-POROSITY)-NMDC-HYDRA JAR.

BHA Length 58.72 m BHA Weight 6.20 t Wt below Jar 4.50 t

Comments:

Performance:
Formation Interval (m) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
Barrow Group 1829 m 50.9 35.9 m/hr 40-70m/hr 26.2 m/hr

Bit Condition:
Bit was in good condition with no damage to gauge area. Chipped teeth noted inconsistently on cutters on all areas of bit. It appears the damage
to cutters may have occurred when drilling shoetrack. Shoetrack took 7hrs to drill. Minor wear to cutters on bit shoulder.

IN GAUGE

WORN TEETH ON SHOULDER CHIPPED TEETH

8/08/20
 BIT INFORMATION FORM Date In 22-May-09
Date Out 27-May-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
Stickle-4H1 6 216 6 Reed Hycalog RSR616M-B28 219119 M442
Depth In (mMDR Depth Out (mMD Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,322.00 2,768.00 1,446.00 82.2 m/hr 17.6 0 / 100 1.0-6.8
m3/min Pressure (MPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
2.27 16.5 212 m/sec 35000 N 1.035 6 x 15 275
Mud Type Mud Weight PV / YP Torque (Nm) RPM (Surface) TBR (krevs) Tot IADC Hrs
FLOPRO 1.14-1.17 22 / 36 10.9 - 20.4 40 -130 275 52.00
Dull Bit I O D L B G O R Starting Survey Depth: 1331.57m Inc. 88.68° Az. 97.83°
Grading 3 4 WT S X I ER TD Last Survey Depth: 2768.m Inc. 89.35° Az. 91.65°
DLS Summary Max DLS (Plan) 4.200 °/30m DLX (max) 3.880 °/30m DLX (min) 0.080 °/30m DLX (ave) 0.880 °/30m

216mm Reed Hycalog RSR616M-B28 Bit, XCEED 675 complete with ported float, Backup Periscope 675, 8 3/8 ILS, TPowerscope 675HF, ANDN- 6 c/w 8 1/4"
BHA #6
Stabilizer, NMDC, 5" HWDP, Hyd Jar, 5" HWDP, Dart Sub.

BHA Length 61.95 m BHA Weight 6.68 t Wt below Jar 4.95 t

Performance
OB Av Inst. ROP WOB RPM Torque
Formation From To ROP Inc. Conns
Hrs ROP Range Range Range Range (ft.lbs)
Barrow/Pyrenees 1322 m 2768 m 18 m 52 m 2.0 m/hr - 100.0 m/hr 27.8 m/hr 2 kips - 15 kips 40 - 130 5 - 15
Comments:

Bit was not in rerunnnable condition. Worn cutter damage and erosion evident around shoulder and gauge areas.

Top View with 216mm No-Go Gauge Ring Worn Cutters - Shoulder / Gauge Area

Erosion Gauge View

8/08/20
 BIT INFORMATION FORM Date In 24-Mar-09
Date Out 31-Mar-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
Stickle-5H2 4 216 4 Smith MDi616 LEPX JY8410 M222
Depth In (mMDRT Depth Out (mMD Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,399.00 3,120.00 1,721.00 9.9 m/hr 173 0 / 100 0-9.1
m3/min Pressure (MPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
2.27 12.4 1.035 6 x 15 136
Mud Type Mud Weight PV / YP Torque (Nm) RPM (Surface) TBR (krevs) Tot IADC Hrs
NaCl/IdcapD/Klastop 1.15 16-25 6.8 - 20.4 130 136 105.50
Dull Bit I O D L B G O R Starting Survey Depth: 1399.m Inc. 88.22° Az. 89.17°
Grading 4 8 LT N X 1 CT TD Last Survey Depth: 3120.m Inc. 89.4° Az. 81.82°
DLS Summary Max DLS (Plan) 4.200 °/30m DLX (max) 4.530 °/30m DLX (min) 0.006 °/30m DLX (ave) 1.330 °/30m

216mm Smith MDi616 LEPX Bit, XCEED 675 complete with ported float, Periscope 675, 8 3/8 ILS, Telescope 675NF, AND c/w 8 1/4" Stabilizer, NMDC,
BHA #1
5" HWDP, Jar, 5" HWDP, Dart Sub, 5 x 127mm HWDP.

BHA Length 62.73 m BHA Weight 7085.00 t Wt below Jar 5372.00 t

Performance
OB Av Inst. ROP WOB RPM Torque
Formation From To ROP Inc. Conns
Hrs ROP Range Range Range Range (ft.lbs)
Barrow/Pyrenees 1375 m 3113 m 2.0 m/hr - 60.0 m/hr 0 kips - 20 kips 70 - 130 0 - 20
Comments:

Bit was not in rerunnnable condition. Sever cutter damage including including missing and chipped cutters. Guage ring measured at 216mm.

Top View with 216mm Gauge Ring Cutter damage Shoulder Area

Insert picture showing gauge wear only

Missing Cutters Gauge View

8/08/20
 BIT INFORMATION FORM
Date In 18-Apr-09 Date Out 21-Apr-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
STI-6H3 3 311 3 Smith MDi616LHABPX JX4274 M223
Depth In (mBRT) Depth Out (m) Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,029.00 1,465.00 436.00 30.3 m/hr 14.4 0 / 100 0-9
m3/min Pressure (kPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
3.96 21,400 60 m/sec 985lb 1.62 6 x 16, 4 x 12 449
Mud Type Mud Weight PV / YP Torque (kNm) RPM (Surface) TBR (krevs) Tot IADC Hrs
KLASSTOP 1.17 37-48 10-27 100-200 449 32.5
Dull Bit Grading I O D L B G O R Starting Survey Depth: 1045.m Inc. 47.87° Az. 65.56°
2 1 CT N X I EC TD Last Survey Depth: 144.55m Inc. 86.96° Az. 73.14°
311mm MDi616LHABPX BIT, 308mm PD 900 - X5 WITH GAMMA, RECEIVER SUB, 168mm FLEX JT, 210mm ARC 8,
BHA #3 TELESCOPE 825 NF, 203mm NMDC, 203mm DRILL COLLAR, HYDRAULIC JAR, 203mm DRILL COLLAR,
CROSSOVER, 27JTS 127mm HWDP.
BHA Length 314.22 m BHA Weight 32.10 t Wt below Jar 8.90 t
Comments:

Performance:
Formation Interval (m) Interval Hrs Av Inst. ROP ROP Range ROP Inc. Conns
L Gearle 980 - 1188 9 35.0 m/hr 20 - 60 m/hr
Windalia Radiolarite 1188 - 1266 4 40.0 m/hr 20 - 60 m/hr
Muderong 1266 - 1450 10.5 30.0 m/hr 20 - 120 m/hr
Pyrenees 1450 m 0.25 30.0 m/hr 20 - 40 m/hr

Bit Condition:
Bit was not in re-runnable condition. Observed chipped teeth near nose and slight erosion on the shoulder.

Erosion Damage to Shldr Cutter damage Nose Area

In Gauge Gauge View

8/08/20
 BIT INFORMATION FORM Date In 23-Apr-09
Date Out 30-Apr-09
Well Name. Bit No. Size (mm) BHA No. Make Type Serial No. IADC Code
Stickle-6H3 4 216 4 Smith MDi616 LEPX JY8389 M222
Depth In (mMDRT Depth Out (mMD Intvl Drilled (m) Av. ROP (m/hr) Hrs Drilling % Slide / Rotary WOB (t)
1,465.00 3,090.00 1,625.00 23.4 m/hr 69.3 0 / 100 0-4.5
m3/min Pressure (MPa) Jet Vel Jet Impact TFA (cm²) Nozzles Tot TBRs (krevs)
2.27 14.5 57 m/sec 2469 N 1.035 6 x 15 1052
Mud Type Mud Weight PV / YP Torque (Nm) RPM (Surface) TBR (krevs) Tot IADC Hrs
NaCl/IdcapD/Klastop 1.15 23-41 6.8 - 29.9 100-120 1052 102.75
Dull Bit I O D L B G O R Starting Survey Depth: 1483.72m Inc. 89.17° Az. 72.56°
Grading 3 6 WT S X I CT TD Last Survey Depth: 3090.m Inc. 89.31° Az. 76.53°
DLS Summary Max DLS (Plan) 4.200 °/30m DLX (max) 3.810 °/30m DLX (min) 0.050 °/30m DLX (ave) 0.703 °/30m

216mm Smith MDi616 LEPX Bit, XCEED 675 complete with ported float, Periscope 675, 8 3/8 ILS, Telescope 675NF, ANDN-6 c/w 8 1/4" Stabilizer, NMDC,
BHA #1
5" HWDP, Hyd Jar, 5" HWDP, Dart Sub.

BHA Length 61.68 m BHA Weight 6.63 t Wt below Jar 4.95 t

Performance
OB Av Inst. ROP WOB RPM Torque
Formation From To ROP Inc. Conns
Hrs ROP Range Range Range Range (ft.lbs)
Barrow/Pyrenees 1465 m 3090 m 69.3hrs 23.4m/hr 2.0 m/hr - 50.0 m/hr 15.8 m/hr 0 kips - 10 kips 60 - 130 0 - 22
Comments:

Bit was not in rerunnnable condition. Severe cutter wear mostly around shoulder and nose area. Chipped cutters evident. Guage ring measured at 216mm.

Top View with 216mm Gauge Ring Worn Cutters - Shoulder/Nose Area

Insert picture showing gauge wear only

Chipped Cutters Gauge View

8/08/20