ITALY

NORTH ADRIATIC DISCOVERIES
MOG W.I. 15% (ENI 85% and Operator)
- 1 Production Concession: AC19 PI
- 1 Exploration Permit: AR81FR
- 19 to 48 Bcf of Contigent Gas - Resources net to MOG
- gas discoveries:
- mature exploration prospect:
- Aida (net MOG: 10 to 28 Bcf)
- Attilia-Dorotea (net MOG: 7 to 17 Bcf)
- Isabella (net MOG: 2 to 4 Bcf)
- Dorella (Prospective Resources net MOG: 13 to 74 Bcf)
Development contingent on resolution of certain environmental issues
