Geophysical, Geological and Environmental Services

Geophysical, Geological and Environmental Services

Experience KAZAKHSTAN MOLDOVA CROATIA SERBIA ROMANIA MONTENEGRO BULGARIA F.Y.R.O.M. ALBANIA ARMENIA PORTUGAL GREECE TURKEY SYRIA IRAN AFGHANISTAN MOROCCO ALGERIA LIBYA EGYPT YEMEN SENEGAL 2 www.prospectiuni.ro

Company Overview Prospectiuni SA is the leading geophysical and geological service company in South Eastern Europe with 60 years of experience of international operations in Europe and North & West Africa. We are strategically placed to provide services in central, southern and eastern Europe as well as the Middle East and North Africa from our base in Romania. We have robust and continually developing management systems for Quality and Health, Safety, and Environmental protection which are ISO audited and certified. Certifications: ISO 9001: Quality Management Systems ISO 14001: Environmental Management Systems OHSAS 18001: Occupational Health and Safety Management Systems Seismic Data Acquisition Seismic Data Processing and Interpretation Geological and Geotechnical Services Environmental Services Non Seismic Geophysical Methods Exploration and Development Services and Investment Activities Gateway to Romania 3 www.prospectiuni.ro

Company Statement We are passionate that present and future generations should benefit from the earth s energy and mineral resources. Prospectiuni therefore provides integrated geological, geophysical, and environmental solutions to the natural resources industries. We are dedicated to creating lasting value for clients, shareholders, employees, suppliers, and the communities in which we work by providing high quality, professional, creative and competitive services both in Romania and internationally. We will integrate the best Health, Safety and Environmental practices and operate legally and ethically. We will achieve our goals and build a better future for all by implementing new technologies, by continuous innovation and improvement of our skills, operating procedures and services, and by investing in our people in order to offer further opportunities for professional and self development. We value Professional Excellence Openness and Transparency Accountability and Integrity Improvement and Innovation Teamwork and Team spirit Respect for others and the environment 4 www.prospectiuni.ro

Seismic Data Acquisition From our head office and support facility in Bucharest, the seismic division of Prospectiuni SA is able to provide seismic crews fully equipped for 2D, 3D & 4D seismic data acquisition. We have more than 60 years of extensive experience working in rough terrain including desert, mountain, cultivated and forested areas. Our crews are able to successfully operate in densely populated urban areas and are well versed in using a variety of energy sources including explosives, vibroseis, airgun and accelerated weight drop in combination. We use modern state-of-the-art Sercel recording equipment and we are a leader in operating cable free recording systems. Prospectiuni is a leader in using state-of-the-art equipment including the Sercel Unite cableless recording system. 6 www.prospectiuni.ro

Urban Data Acquisition

Seismic Data Processing Our processing teams have extensive experience in processing and re-processing data acquired in areas of complex geology, as well as in processing challenging data sets acquired with multiple source types vibrator, dynamite, weight drop & airgun with receiver geometries offset to enable data collection in urban areas, oil fields or environmentally sensitive areas. Successful projects have been performed on data sets from Europe and the Middle East, North Africa and South America. We have the capability to process a number of 2D and 3D seismic projects concurrently. Our computing resources include a 128 node cluster. This system runs the latest versions of Landmark s PROMax and SeisSpace software which is specially designed to manage and process very large 2D/3D seismic data volumes. Pre-Stack Time & Depth Migration Horizon Velocity Analysis AVO Analysis and Seismic Attributes 8 www.prospectiuni.ro

Interpretation Services Our dedicated team of geophysicists and geologists have an in-depth knowledge and wide experience of performing 2D/3D seismic data interpretation. Geological & geophysical studies are integrated to provide sedimentary basin analysis across a wide range of hydrocarbon exploration areas with different geological settings including Romania, Moldova, Iraq, Libya, Egypt, Sudan, Ecuador, Kazakhstan, North Korea, The Phillippines and Turkey. For interpretation studies we use the latest versions of SMT s Kingdom software and Landmark (Open Works, SeisWorks, StratWorks, etc.) software which provide multiple capabilities for the interpretation of seismic or mixed seismic and geological data to meet the requirements of our clients. Depth Imaging Data Interpretation Basin Studies 10 www.prospectiuni.ro

Geophysical Non Seismic Methods The Applied Geophysics Department of Prospectiuni has a highly skilled and experienced team who are equipped to carry out a range of geophysical surveys using non-seismic techniques for hydrocarbon and mineral exploration, as well as environmental and geotechnical studies. These data sets can either be used to map a specific geophysical characteristic to determine a prospective area of interest or can be integrated with seismic, geochemical, and other data to provide a complete subsurface model. Magnetotelluric Electrical Methods» Resistivity» Induced Polarization» Spontaneous Potential» Misse-a-la-Masse Gravity and Magnetic surveys Geochemical sampling and analysis 12 www.prospectiuni.ro

Geological and Geotechnical Services Prospectiuni SA carries out geological and geotechnical surveys and analysis from basic preliminary studies to full, high resolution surveys for the oil and gas industry as well as for the mining and construction industries. Our services include reserve calculation and Geo-economic studies using the full range of surface investigation techniques, mine working and shallow drilling sampling, well data, and interpretation of geophysical and geochemical data for the entire range of mineral resources. Field mapping and sample collection Geological laboratory analysis Mineralogical and petrographical analysis Geotechnical services Geochemical surveys Geotechnical prospecting Hydrogeological prospecting 14 www.prospectiuni.ro

Environmental Services Prospectiuni has created a specialized and dedicated environmental division called Promediu. This division combines the capabilities of our existing geological and geochemical laboratories into a consolidated team for soil, water, and atmosphere environmental data collection, testing and analysis. Our highly trained and experienced team combined with our drilling and sample collection capabilities and ISO certified laboratories in Bucharest are able to provide a full range of services. Field survey and sample collection Drilling services ISO certified laboratories Full assessment and report preparation Environmental monitoring Mineral Assay 16 www.prospectiuni.ro

Health Safety and Environmental Management Prospectiuni has an active and long standing commitment to achieving the highest standards of HSE management in all operations. The health and safety of our employees, customers, contractors, and the general public as well as the protection of the environment in the communities in which we live and work is a top priority. The management system defines the principles by which we conduct our operations worldwide. Management applies HSE policies and rigorous standards throughout the company. Each Prospectiuni organization and operation must provide positive evidence of conformance to the system. Committed Proactive Effective ISO Certified 18 www.prospectiuni.ro

Prospectiuni provides a broad range of products and professional services to the Geophysical, Geological and Environmental industries and therefore can offer a wide range of opportunities and career paths to both experienced professionals and newly qualified applicants. We recognize merit and excellence and we aim to improve and reward individual performance and support professional development. Prospectiuni directly supports students and facilitates their access to education and career development. We have initiated a program to fund scholarships to universities in Romania. We also provide internships in our operations designed for students who want to improve their practical knowledge, work experience, and wish to explore the opportunity of a career with our company. Careers & Student Activities Opportunity Professional Development Internships Scholarships In addition Prospectiuni is active in supporting student organizations, sponsors student participation at professional conferences and provides financial, logistical, and organizational support (including equipment and personnel) for annual field training courses and projects. 20 www.prospectiuni.ro

Students practical field training

Exploration & Development Services Prospectiuni SA offers fully integrated Exploration and Development services that provide our clients tailored programs, meeting their specific objectives in Oil & Gas, Geothermal, and CO 2 Sequestration endeavours. Client selected E&D services are scalable, and are carried out by our skilled technical teams in a cost effective and integrated manner, for all projects, from very small to very large. These include processing and interpretation of old and newly acquired seismic and non seismic geophysical data, and the integration of well logs, production data, geochemical analysis, and where necessary surface geology sampling and mapping. Projects are delivered work-stations ready for further analysis and if required in management and investor presentation format to client specification. Basin and petroleum system studies Prospect and project evaluations Resource volume estimates Geothermal and CO 2 sequestration project evaluations We can provide basin and petroleum system studies, prospect and project evaluations, as well as resource volume estimates. 22 www.prospectiuni.ro

Equity Investment Activities Equity participation: a Win-Win business model Prospectiuni believes in working with our clients to reduce risk and to achieve their business objectives. To support our clients we are able to provide solutions as well as just services. For example, where appropriate, we can provide our services in return for a working or equity interest thereby reducing client G & G and exploration cashflow. Reducing Risk Conserving Cashflow Providing Solutions Partnership 24 www.prospectiuni.ro

Gateway to Romania Romania is a proven oil and gas domain which provides a wide range of exploration, development and investment opportunities to both established companies and potential new entries. Prospectiuni is the leading and most experienced G & G services provider in Romania. The in-depth knowledge and experience of our staff are available to enable you to identify new opportunities and our established infrastructure and regulatory compliance will enable you to efficiently evaluate and pursue those opportunities. We always welcome the opportunity to introduce new clients to Romania and we can offer assistance including: English speaking drivers with excellent local knowledge Presentations on the geology of Romania Presentations on regional data quality and availability General information on costs, time lines, and requirements for acquiring data in Romania. 26 www.prospectiuni.ro

SC PROSPECTIUNI SA 1 Caransebes Street 012271 Bucharest, Romania Phone +4021 319 66 08 Fax: +4021 319 66 56 office@prospectiuni.ro Sales Phone: +4021 404 28 30 Fax: +4021 404 28 30 sales@prospectiuni.ro Human Resources Phone: +4021 319 28 64 Fax: +4021 319 66 30 resurseumane@prospectiuni.ro www.prospectiuni.ro Version November 2011