2008 Milestones ACQUISITIONcompletion of the €26.2 million purchase of Gazonor from the French government RESOURCE EXPANSIONover 850% resource expansion and to higher levels of confidence GAS RESOURCESlargest unconventional gas resources assembled in continental western Europe CONTINGENT RESOURCES8990 petajoules and expanding TEAM EXPANSIONthe technical and management team in France has more than doubled PRODUCTION TESTINGproduction testing commenced at the Lorraine project FINANCING€36.4 million convertible note issue PRODUCTIONgas production commencement with the Gazonor acquisition 8
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