Main Assets - Block 26 3-D Seismic

In the rest of Block 26 a sizable 3-D seismic programme hase been carried out. This has led to 4 prospects being identified as Triassic targets in the in the Naour West area and 10 Cretaceous leads in the wider Khurbet East play fairway. These have been shown in recent Gulfsands investor presentations:

http://www.gulfsands.com/i/pdf/GPX_presentation_2009-06-08_analyst.pdf Slide 36

In addition, at the time of the acquisition of Emerald's interest in Block 26 a large number of leads were identified in the Miller and Lents report. These are identifed here:

http://www.emeraldenergy.com/Presentation-2006-SyriaBlock26-2D-Seismic-Program.pdf

Early exploration at Tigris and Souedieh North were not successful, so a number of these leads in similar play types may now no longer be valid.