Kuwait Energy
EL-12-211107
85
TABLE 6.9
SUMMARY OF OIL PROSPECTIVE RESOURCES (PROSPECTS)
AS AT 31
st
MAY, 2014: BLOCK 49 (YEMEN)
Prospect
Gross (MMBbl)
KE WI
(%)
KE Net (WI Basis) (MMBbl)
GCoS
(%)
Low
Best
High
Low
Best
High
Balharak
South
Madbi 2
0.2
1.7
4.9
64.0
0.1
1.1
3.1
28
Basement
0.0
0.7
2.6
0.0
0.4
1.7
26
W Ghobata
Lam
1.8
3.8
7.4
1.2
2.4
4.7
15
Notes:
1.
Gross Prospective Resources are 100% of the volumes estimated to be recoverable from the
Prospect in the event that a discovery is made and subsequently developed.
2.
KE Net Prospective Resources in this table are KE’s Working Interest fraction of the Gross
Prospective Resources; they do not represent KE’s actual Net Entitlement under the terms of the
PSC that governs the asset, which would be lower.
3.
The GCoS reported here represents an indicative estimate of the probability that drilling this
Prospect would result in a discovery.
4.
The volumes reported here are “unrisked” in the sense that no adjustment has been made for
geological or commercial risk, i.e. the risk that no discovery will be made or that any discovery would
not be developed.
5.
Prospective Resources should not be aggregated with each other, or with Reserves or Contingent
Resources, because of the different levels of risk involved.
TABLE 6.10
SUMMARY OF OIL PROSPECTIVE RESOURCES (LEADS)
AS AT 31
st
MAY, 2014: BLOCK 49 (YEMEN)
Lead
Gross
Best Estimate
(MMBbl)
KE WI
(%)
Net to KE
Best Estimate
(MMBbl)
GCoS (%)
A
Lam
8.6
64
5.5
20
Madbi
11.6
64
7.4
24
Basement
0.9
64
0.5
16
B
Lam
4.3
64
2.8
20
Madbi
4.7
64
3.0
24
Basement
0.5
64
0.3
16
C
Lam
5.4
64
3.5
20
Madbi
2.1
64
1.4
24
Basement
0.5
64
0.3
16
D
Lam
5.5
64
3.5
20
Madbi
3.9
64
2.5
24
Basement
0.3
64
0.2
16
3
Madbi
0.7
64
0.4
14
4
Madbi
9.4
64
6.0
6
Notes:
1.
Gross Prospective Resources are 100% of the volumes estimated to be recoverable from the Lead
in the event that a discovery is made and subsequently developed.
