WLA, page-2

LOL... taken down but popped up again...
http://www.rma-group.com/projectgallery/project1.aspx
OFFSHORE PHILIPPINES SC14C2 WEST LINAPACAN (WI ~29%)

• Re-development of 40 million barrels recoverable oil field
• RMA is field Operator – a key strategic consideration.
• Redevelopment project offshore Philippines. Planned initial production 15,000 barrels per day (“bopd”) in 18 months with full field development (FFD) projected 35,000 bopd. Total JV NPV in excess of $1 billion with RMA’s share exceeding $300 million. Minimum risk profile as a result of this being an existing field which has previously produced 8.5 MMBO (million barrels oil) in the 1990s prior to being shut-in in 1996 when oil prices fell below $20 per barrel – hence very low risk in re-development.
• Extended Well Test production period provides significant risk mitigation prior to 35,000bopd Full Field Development in event of EWT success. 40MMBO remaining reserves of oil (2P+2C or ‘most likely’ by reputable independent expert report). Proved reserves of 13 MMBO; Most Likely 167 MMBO Oil-In-Place.
• Reservoir amenable to application of established new technology and development practices, technology that was unavailable in the 1990s – e.g. 3D seismic, horizontal drilling and modern completion configurations, including inflow control devices
• New reservoir simulation indicates OOIP of 215 MMbbls+ for the discovered reservoirs, inclusive of Galoc Clastic Unit, Intermediate and Linapacan Limestones. An update- of reserves and resources currently being undertake by independent expert in light of new data (3D seismic and Geological modelling work) and a certification report to be issued in June 2013.