EXPLORATION PORTFOLIO MANAGEMENT

The following assignments demonstrate RISC's experience and capability in Exploration Portfolio Management:

• Review of new venture and exploration evaluation processes, tools and systems for an independent international oil and gas company.

• Review of the exploration potential for conventional and coal seam gas in the Galilee Basin, Queensland.

• Optimised appraisal planning to ensure that the exposure was commensurate with project development uncertainties and gas sales upside opportunities (Vietnam).

• Assessment of regional exploration potential of all major sedimentary basins and emerging frontier areas (Australia).

• Commerciality tests to assist with bidding for new offshore acreage (Australia).

• Valuation and risking of exploration portfolio in a major onshore/offshore basin (East Africa).

• Review of company exploration portfolio valuation process and procedures and independent valuation of the portfolio.

• Independent valuation for tax purposes of exploration portfolio of an independent international oil and gas company.

• Maximising portfolio value through “real time” decision analysis for exploration/appraisal programme sequencing.

• Determination of minimum economic volume of reserves for offshore gas prospects (Australia).

• Evaluation of a suite of deepwater exploration prospects (Philippines).

• Assessment of the prospectivity of an onshore deep gas exploration and appraisal opportunity (China).

• Developed a regional strategy for a major upstream operator.

• Assisted an international operator to create a post-merger strategy.

• Management and technical direction for play analysis of North Perth Basin

• Independent assessment of petroleum prospectivity in onshore Queensland Galilee Basin including seismic interpretation/mapping, play analysis, prospect definition and risking

• Facilitate a strategy workshop for exploration focussed client and follow up research as required

• Evaluation of seven onshore licences for bids in the NELP-VII round

• Multiclient study on selected Australian offshore acreage for release in 2008

• Technical and commercial evaluation of a highly prospective deepwater block in SE Asia for a National Oil Company

• Evaluation of Beagle sub-basin and Yampi shelf blocks

• Review companies prospect portfolio to determine economic cut-off and valuation models to assist client acreage strategy

• Present industry course on petroleum geology of SE Asia

• Assist client team with evaluation of exploration prospects in Sumatra, Indonesia

• Seismic Interpretation of prospects in Kurdistan

• Daily monitoring of two exploration wells being drilled in Timor Sea JPDA.

• Provide technical input, support and attend TCM/OCMs on  behalf of client for blocks offshore Thailand