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7

Detailed Reserves & Resources by Asset

Asset

Country

WI Reserves and Resources

(mmboe)

1P

2P

2C

Block 9

Iraq

255.5

687.7

975.9

Siba

Iraq

18.2

36.9

10.5

Mansuriya

(

see notes

)

Iraq

41.7

51.9

19.3

Iraq Total

Iraq

315.4

776.6

1,005.6

Abu Sennan

Egypt

0.2

2.6

-

Burg El Arab

Egypt

0.3

6.0

13.9

Area A

Egypt

2.7

11.6

1.7

East Ras Qattara

Egypt

5.0

6.9

2.4

Egypt Total

Egypt

8.2

27.2

18.0

Block 5

Yemen

4.6

6.2

4.4

Block 49

Yemen

-

-

11.7

Yemen Total

Yemen

4.6

6.2

16.1

Karim Small Fields

Oman

-

-

-

Oman Total

Oman

-

-

-

Total

328.2

810.0

1,039.7

Notes:

Audited figures by GCA as of 31 December 2016.

Excludes

KSF

, Oman which cannot be included in external reserves reporting as per the service contract.

Totals may not exactly equal the sum of the individual entries due to rounding to nearest whole number.

25% working interest in

Abu Sennan

, Egypt, was farmed out to GlobalConnect effective 31 December 2016.

The Company in Q4 2017 conducted an internal review of its reserves and resources and as such has decided

to reclassify all of its

Mansuriya

reserves as contingent resources.