LICENSE NUMBER P1543, SNS BLOCK NUMBER 49/14a Operator Holywell Resources Limited 100% Summary License Number P1543 was relinquished with an effective date of 31 March, 2009. The License covers SNS block 49/14a and following an examination of the prospectivity no drillable prospects were delineated. 1. Exploration 3D seismic data was obtained and reprocessed over block 49/14a and mapping was carried out both in time and depth. 2. Prospectivity Analysis 2.1 Reservoir The Permian Leman Sandstone provides the primary potential reservoir in the block. The Carboniferous sandstones and the Bunter sandstones provide secondary reservoir targets over the block. A speculative reservoir target was also considered in the Lower Chalk. 2.2 Source The Carboniferous Coal measures provide the main gas source rocks in the Southern Gas Basin. 2.3 Seal The Silverpit Shales directly overlie the Leman reservoir unit providing a vertical seal. The Bunter shales overlie the Bunter sandstone reservoirs. For the Lower Chalk reservoir intra chalk seals were invoked. 2.4 Trap Type Faulted anticline and horst fault block structural trapping requiring an updip fault seal. Stratigraphic traps were also considered. 2.5 Remaining Prospectivity Licence P1543 was extensively mapped and no further propectivity has been identified with the exception of speculative Lower Chalk leads mapped at the Base Chalk horizon. 3. Reserves Summary No remaining undrilled potential has been identified at the primary horizons. Speculative leads at the base Chalk horizon could contain between 41-926 bcf unrisked gas. 4. Maps 13Kms 4.2 Depth Structure Map on Base Chalk Horizon 4.3 Seismic Line 2274 Illustrating Chalk Structure 5. Clearance Holywell Resources Limited as operator of the block confirm that the DECC is free to publish and all rights have been considered and cleared.
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