| Property Locations |
| Location Name: | *Chai Yuria Project | Area Name: | *Magadan Region |
| Effective Date: | 16/Oct/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Dec/2002 | Phone: | (not available) |
| Address: | Sakha/Yakutia
Russia
Europe | Fax: | (not available) |
| Description: | |
 |
| Location Name: | *Darasun Project | Area Name: | *Chita Region |
| Effective Date: | 29/Dec/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Jan/1999 | Phone: | (not available) |
| Address: | Russia
Europe | Fax: | (not available) |
| Description: | 50% Zabaikalzoloto, Western Pinnacle 50% (under option) |
|
| Location Name: | *Dutch North Sea | Area Name: | *Block P8 |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Netherlands
Europe
| Fax: | (not available) |
| Description: | 3,000 Hectares |
|
| Location Name: | *Italy Off-Shore | Area Name: | *Pantelleria |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Italy
Europe
| Fax: | (not available) |
| Description: | Pantelleria Exploration Permits 132,250 hectares |
|
| Location Name: | *Italy On-Shore | Area Name: | * |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Italy
Europe
| Fax: | (not available) |
| Description: | San Marco Permit 100% 29,048, Abbadesse Field 80%, Casale Cocchi Application Conscession 100% |
|
| Location Name: | *Nyavlenga Project | Area Name: | *Olksii district of Magadan, Magadan |
| Effective Date: | 16/Oct/1997 | Location Ownership Percent: | 85 |
| Expiry Date: | 31/Dec/2000 | Phone: | (not available) |
| Address: | Sakha/Yakutia
Russia
Europe | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location | Area Name: | *Kyuchus |
| Effective Date: | 16/Oct/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Dec/2000 | Phone: | (not available) |
| Address: | Kyuchus,Sakha/Yakutia
Russia
Europe | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location (Indon.) | Area Name: | * |
| Effective Date: | 21/Dec/1988 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Jan/1996 | Phone: | (not available) |
| Address: | Kalimantan
Indonesia
Asia | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location (Nam.) | Area Name: | * |
| Effective Date: | 27/Nov/1995 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Dec/1996 | Phone: | (not available) |
| Address: | Namibia
Africa | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Operating Location (NV) | Area Name: | * |
| Effective Date: | 21/Dec/1988 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Dec/2000 | Phone: | (not available) |
| Address: | Nevada
USA
North America | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Orotokan Project | Area Name: | *Magadan Region, Magadan |
| Effective Date: | 16/Oct/1997 | Location Ownership Percent: | 85 |
| Expiry Date: | 31/Dec/2000 | Phone: | (not available) |
| Address: | Sakha/Yakutia
Russia
Europe | Fax: | (not available) |
| Description: | |
|
| Location Name: | *Pantelleria South | Area Name: | *Eastern side of Pantelleria Island, Coast of Italy |
| Effective Date: | 31/Mar/2003 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Italy
Europe
| Fax: | (not available) |
| Description: | |
|
| Location Name: | *Pantelleria West | Area Name: | *Western Side of Pantelleria Island |
| Effective Date: | 31/Mar/2003 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Italy
Europe
| Fax: | (not available) |
| Description: | |
|
| Location Name: | *Romania | Area Name: | *South Craiova Exploration Concession |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 40 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Romania
Europe
| Fax: | (not available) |
| Description: | |
|
| Location Name: | *San Marco Permit | Area Name: | *South Eastern Po Valley |
| Effective Date: | 6/May/2002 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Italy
Europe
| Fax: | (not available) |
| Description: | |
|
| Location Name: | *Slovenia | Area Name: | *Petisovci-Dolina Gas |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 45 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Slovakia
Europe
| Fax: | (not available) |
| Description: | 1,520 hectares . Partners with Nemmoco Slovenia Corporation/ Loon Energy Inc. |
|
| Location Name: | *Talatuyskoye Project | Area Name: | *Chita Region |
| Effective Date: | 31/Dec/1997 | Location Ownership Percent: | 50 |
| Expiry Date: | 1/Jan/2000 | Phone: | (not available) |
| Address: | Boyaca
Colombia
South America | Fax: | (not available) |
| Description: | 50% Zabaikalzoloto, Western Pinnacle 50% (under option) |
|
| Location Name: | *Tunisia Off-Shore | Area Name: | *Kerkouane |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 50 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Tunisia
Africa
| Fax: | (not available) |
| Description: | Production Sharing with Enterprise Tunisiene d'Activities Petrolieres (ETAP) |
|
| Location Name: | *Tunisia On-Shore | Area Name: | *Chorbane |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 50 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | Tunisia
Africa
| Fax: | (not available) |
| Description: | Production Sharing 242,800 hectares with partners ETAP |
|
| Location Name: | *UK North Sea | Area Name: | * |
| Effective Date: | 22/Jun/2006 | Location Ownership Percent: | 50 |
| Expiry Date: | 30/Apr/2007 | Phone: | (not available) |
| Address: | England
Europe
| Fax: | (not available) |
| Description: | Numerous Blocks 25%, 25%, 30%,30% Partners with Sterling. |
