Tanzania - Ruvuma

• 2007 onshore seismic acquisition programme now complete

• First of 2 obligation wells will be spudded late 08/early 09

• Potential for oil and gas in deep Karoo Formations, Neocomian and also Tertiary (as in adjacent Mnazi Bay field)

• Ruvuma river is the frontier between Tanzania & Mozambique

• Intense Exploration activity on the Mozambique side

• Aminex has the rights to the Tanzanian side of the river except for the adjoining Mnazi Bay gas field

• Well with oil shows was drilled by Texaco on this PSA in 1986.

• Since 2008, Tullow assumes operatorship

Assembling V sat station in Ruvuma, Tanzania.