Large gas reserves exist in other producing fields surrounding the Yasin concession. The Sui field, approximately 40 miles to the northeast contains 9.6 TCF of recoverable gas. The Uch field just over 10 miles from the concession contains 3.3 TCF; and the Mari field, approximately 75 miles to the east is estimated to contain reserves of 6.3 TCF.

Finally, the efforts by Hycarbex to substantially expand the seismic database in 2004 resulted in approximately 135 km (85 miles) of additional seismic being shot on the concession. This seismic raw data has been processed with the old seismic data using current techniques and has been analyzed by highly experienced geophysicists. The results have not only verified geologic structures with high likelihood of gas productivity, but have also delineated drillsite locations which are likely to enhance drilling success.

Other Factors Favoring Pakistan Exploration Opportunities

Exploration and production opportunities in Pakistan are particularly attractive for the following reasons:

Success rates for exploration wells in areas surrounding the Yasin concession, and Pakistan in general, are significantly higher than industry averages.

Domestic demand for natural gas greatly exceeds supply in Pakistan, and is expected to continue to do so for the foreseeable future. Energy Information Administration (EIA) reports, and Pakistani sources confirm, that future commercial discoveries will have a ready market at favorable pricing.