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7

2014 Reserves & Resources

Year end 2014 WI 2P reserves increased from 213 to 671* million barrels oil equivalent post the

discovery in Block 9, which is an increase of 215% from year end 2013

*

Post year end 2014, Kuwait Energy farmed out 10% WI in Block 9 Iraq and acquired an additional 25% WI in Burg El Arab.

Iraq

94%

Egypt

5%

Yemen

1%

671 mmboe (66% oil)

Proven + Probable WI Reserves