INDEPENDENT EXPERT REPORTS

RISC has assisted many clients by providing their expertise to the following assignments:

• Preparation of an Independent Specialist’s report for the listing of Sino Gas and Energy on the ASX.

• Independent Technical Specialist’s report for Target Energy Ltd on US properties.

• Review of production facilities for BNP Paribas of oil field development, Philippines.

• Independent Technical Specialist’s report on Hardman’s global oil and gas portfolio in response to Tullow’s takeover offer (2006).

• Independent Experts Report for IPO on Indonesian coal seam gas play.

• Independent Technical Review Reports ROC Oil’s 2006 and 2004 rights issue prospectus.

• Independent Experts Report of ROC’s West African UK and China properties for their 2006 rights issue which included the Zhao Dong project.

• Independent Technical Expert for Horizon Oil’s 2003 rights issue prospectus.

• Report for Deloitte Corporate Finance on Woodside’s Australian gas properties in response to Shell’s revised merger proposal.

• Independent opinion of value of various UK North Sea fields for prospective buyer.

• Competent Persons Report prepared on Yorkshire gas fields and prospects, UK.

• Independent valuation of a significant portfolio of exploration and production assets in Africa for AIM listing.

• Independent Technical Consultant advising CIMB as the Independent Financial Advisor for the acquisition of Pearl Energy’s SE Asian properties valued at over US$500 million.

• Competent Person’s Reports for Sterling Petroleum in support of financing of acquisition of oil and gas interests in Mauritania.

• Independent engineering consultant advising Intesa Sanpaolo (formerly Banca Intessa) on funding for Philippines oil project.

• Independent advisor to bank for corporate loan facility to support acquisition of Delhi’s Cooper Basin interests.

• Independent advisor to Merrill Lynch International providing technical and commercial due diligence, project valuation and  advisory role in negotiation of SPA for acquisition of 12.5% in Tangguh LNG Project  (US$275 million facility) and 25% of the China LNG Joint Venture from the NWS Shelf Venture participants by CNOOC International 2002/3 (US$348 million).

• Independent technical advisor to CFSB on reserves and development plans for the integrated oil and gas projects in the Kangean PSC, Indonesia (US$275 million facility). Ongoing monitoring role on company performance prior to approval of loan drawdowns and investment decision point milestones.

• Independent Engineering Consultant advising BOS International on the reserves, pre-construction phase engineering and environmental aspects and completion test of the Maari Oil Field development, offshore New Zealand (US$40 million facility). Similar role for Cliff Head Oil Field Development, offshore Western Australia.

• Independent technical advisor to Mizuho Corporate Bank on reserves and associated development plans and costs and completion test for the Casino Gas Field Development, Offshore Australia (A$90 million facility).

• Audit of reserves, and pre-construction phase documentation, certification of the completion tests for the Tui Oil Field Development, offshore New Zealand for Commonwealth Bank of Australia (US$37.5 million facility).