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6

Development

The main development activities during Q2 2015 included

the drilling of 12 development wells, 11 in Oman, 1 in Area

A Egypt and 1 in Abu Sennan. Siba-5 well has been

cancelled due to weak foundation and Siba-6

Well Pad

Construction and Progress completed with Siba-6

Operations.

The table below provides the status of the wells developed in Q2 2015 as well as the carry-over from 2014:

Country

Basin/Area

Well name

No. of

Wells

Cost

Interest

Status at end Q2 2015

Q4 2014 Carry-over wells

Egypt

Abu Sennan

Al-Jahraa-4

1

78.00%

Initial rate 1,373 bopd, 1.1

MMscf/d, production

restricted down to 622 bopd,

0.4 MMscf/d; maximum rate

1,561 bopd, 1,439 MMscf/d

(lifted with nytrogen)

Oman

Karim Small

Fields

Ilham-P14, SMP-103

2

15.00%

Producing

Iraq

Siba

Siba-4

1

60.00%

Initial rate ~6,000 bcpd @

64/64' choke, 28 MMscf/d

after acid job

Q1 2015

Oman

Karim Small

Fields

Ilham-P11/P12/P16/P25/10H2ST,WRDM-

M25H,JDRK-11/17,SMPG-37,WRDM-K18

10

15.00%

JDRK-17 and Ilham-P16

drilling

Iraq

Siba

Siba-5

1

60.00%

Cancelled the drilling (weak

foundation)

Egypt

Abu Sennan

ASA-3

1

78.00%

Initial rate 588 bopd, 0.21

MMscf/d, production

restricted down to 513 bopd,

0.052 MMscf/d; maximum

rate 1,047 bopd, 0.180

MMscf/d;

Q2 2015

Egypt

Area A

Yusr-63

1

In drilling

Oman

Karim Small

Fields

Ilham-P18, WRDM-M29, JDRK-12, GZ-

4,JDR-6H2 ST/7H2-ST,ILH-

P15/P21,WRDM-M30, SMPH-42/45

11

WRDM-M30 drilling

Total wells spud (2015)

24