Gustavson and Associates estimates that the Pathfinder Prospect contains (i) proven
reserves of 16.940 MMBbl; (ii) probable reserves of 21.760 MMBbl; and (iii) possible
reserves of 28.360 MMBbl. Given the company has not disclosed details of the
agreement we have assumed that AKK’s net revenue interest (NRI) is 69% - 92%
working interest less 25% royalty (92% accounts for the assumed 50% interest GPA has
in the sale of heavy gases).