Netherlands

Current Ownership / Partnership:

Elko (Operator) 60%

Energie Beheer Nederland (Dutch Government Entity) 40% effective

License Summary:

Block P1

Located on the southern margin of the Southern Permian Gas basin and covers approximately 209 sq km

Awarded 27th June 2007

8 exploration wells have been drilled by previous operators on the license

Block P2

Located immediately adjacent to Block P1 and covers an area of approximately 416 sq km

Awarded 21^st February 2008

9 exploration wells have been drilled by previous operators on the license

Aims, proposed work program:

Drill and test the first well in 2011