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Potential increase in cash flow from two development wells to be drilled in the first half of 2007 Potential exploration upside with 10 low-medium risk exploration wells in the next 36 months Additional 14 development wells in the next 36 months Experienced international management team Strong relationship with Pakistani partner – Petroleum Exploration (PVT) Ltd. ("PEL") PEL is a large commercial group with extensive holdings in Pakistan and is Jura’s partner on all exploration and development projects Access to infrastructure
PAKISTAN INVESTMENT HIGHLIGHTS Country with abundant land and natural resources, including extensive mineral reserves Liberal investment policy with equal treatment to local and foreign investors and full legal protection of foreign investment Strong human resources including an educated and skilled work force, cost-effective human resources and widespread use of English Well-established infrastructure and legal systems, including comprehensive road, rail and sea links, good quality telecommunications and IT services and modern company law Specific energy infrastructure includes 8,000 km of transmission lines and 53,000 km of distribution lines Strategic location as a regional hub serving as a gateway to the Central Asian Republics and having strong and long-standing links with the Middle East and South Asia Over 600 foreign companies currently operating in the country, including approximately 10 major independent oil and gas exploration companies Fewer than 650 exploration wells drilled in the entire country Domestic production shortfall of over 300,000 Bbopd and 500 MMcfpd of gas High GDP growth
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