Resource Investment Strategy Consultants

RISC updates China Gas Resource Estimates for Sino Gas & Energy
RISC has provided Sino Gas & Energy with an interim resource update in the San Jiao Bei PSC in the Ordos Basin, China following their acquisition to additional 2D seismic and successful appraisal well SJB-01.

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RISC certifies Stanley Gas-Condensate Resources for Horizon
RISC has conducted an independent assessment of the Stanley Gas Condensate Resources and Project following Stanley-2 and Stanley-4 appraisal/development wells.
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Joint Announcement - RISC and Lazard Australia
Lazard Australia Private Equity Pty Ltd acquires 41% of leading independent oil and gas consultancy RISC Australia Holdings Pty Ltd

Lazard Pty Ltd’s Corporate Advisory business and RISC enter into strategic alliance
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Eden Energy announces results of RISC CBM report
Eden Energy has release the results of RISC’s independent assessment of coal bed methane (CBM) resources in South Wales, Kent and Bristol UK. The report estimates Contingent Resources in South Wales with a 1C to 3C range of 687-1,363 BCF and a 2C estimate of 980 BCF. Prospective Resource estimates in South Wales, Kent and Bristol range from a low to high estimate of 1,903-4,990 BCF with a best estimate of 3,088 BCF.
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Buru gets RISC assessment
BURU Energy is sitting on an estimated mean resource of 352 petajoules of recoverable sales gas in the Yulleroo field in EP391 within the Canning Superbasin.
An independent estimate provided by RISC also estimated a mean resource of a further 13.4 million barrels of oil equivalent of associated liquids.
Please see Buru Announcement for further information.
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RISC supports Sinopec with successful APLNG evaluation
RISC recently supported Sinopec with the evaluation of the APLNG project. Sinopec have now acquired a 15% stake in the APLNG project for $1.5 billion and signed up to a 20 year LNG contract at 4.3 MTpa.
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RISC engaged on behalf of International Petroleum Ltd
RISC contributed to a prospectus lodged by International Petroleum Ltd for the purpose of raising funds and re-listing. RISC acted as Independent Expert on cost estimates for exploration activities in Kazakhstan.

RISC assists CNOOC
RISC has provided technical and commercial due diligence and reserves report to CNOOC Gas and Power on the acquisition of interests in the QCLNG Project. The RISC report has assisted CNOOC in seeking and attaining government project approval and has led to a LNG sales Contract with BG Group for LNG manufactured at QCLNG over a 20 year period, valued at A$50 billion (ABC News) and an equity interest in the project of US$270m (JS Herold).

RISC assists ROC
RISC has completed an Independent year end reserves report for selected petroleum assets of Roc Oil Co Ltd

RISC assists Egdon
RISC prepared an independent valuation of certain UK/France upstream assets for Egdon Resources

RISC assists Adelphi Energy Limited
RISC has provided a Technical Expert’s Report for Adelphi Energy Limited’s Target Statement in relation to the on-market bid by ARC Energy Limited (AEL).
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RISC assists NuEnergy Capital
RISC has assisted NuEnergy Capital with an Independent Technical Specialists report on the Indonesian Coal Seam Gas assets of Indon CBM

RISC assists OMV
OMV Australia announced the sale of its interests in the Timor Sea to PTTEP Australia Browse Pty Ltd. The interests include a non-operated 18.75% interest in the producing Jabiru and Challis oil fields and operated majority interests in three exploration permits and four small undeveloped oil discoveries. RISC advised OMV Australia in this divestment.
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RISC assists Carbon Storage Taskforce
The Carbon Task Force has developed a National Carbon Mapping and Infrastructure Plan – Australia which they delivered to the Minister for Resources and Energy (Martin Ferguson) in September 2009. This concise report is downloadable from the Department of Resources, Energy and Tourism’s website.

RISC assists Sino Gas & Energy
RISC completes an “Independent Technical Specialist's Report” for Sino Gas and Energy’s gas resources onshore China which supports its listing on the Australian Securities Exchange (ASX) raising $7.9 million.
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RISC assists Stuart Petroleum Ltd
A major reservoir modelling study recently completed by Stuart Petroleum Limited (Stuart) and its technical advisers has delivered a 68% increase in the mean estimated volume of hydrocarbon liquids recoverable from its 50% owned Oliver oil, gas and condensate discovery. Today’s mean estimate of 32.6 million barrels recoverable supersedes the estimate of 19.3 million barrels which Stuart released to ASX in August 2008. The estimates range from 12 to 60 million barrels (statistical probability ranging from P90 to P10 respectively).
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RISC assists KOGAS acquire 10% equity in Blue Energy
Blue Energy Limited is pleased to announce that the Share Placement Agreement with Korea Gas Corporation has been approved by the Boards of both KOGAS and Blue Energy and duly executed.
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RISC assists Venture Production plc
RISC produces an independent valuation of Venture in response to the take over from Centrica.
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RISC assists Horizon Oil
Horizon Oil is pleased to advise shareholders that it has completed a transaction with a subsidiary of Talisman Energy Inc. (Talisman) regarding the Company’s interests of 100% of Petroleum Retention Licence (PRL) 4 and 49.65% of PRL 5 in Western Province, Papua New Guinea for a consideration of US$60 million. The net effect of the transaction, which includes the transfer of a working interest and the shares in a wholly-owned subsidiary of Horizon Oil to Talisman, is that Horizon Oil and Talisman will each hold 50% interests in PRLs 4 and 5.
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RISC assists Innamincka Petroleum Ltd
RISC assesses Flax/Juniper accumulation for Innamincka Petroleum.
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RISC assists Mitra Energy Limited
RISC completes a “Competent Person’s Report” for Mitra Energy Limited which highlights assets with over 2 billion barrels of potential net oil equivalent recoverable hydrocarbons.

RISC assists Premier Oil plc
RISC completes a “Competent Person’s Report” for Premier Oil plc. For further information about this assignment, refer to Premier Oil’s website at www.premier-oil.com.