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Investor Presentation - Proactive Investors

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Summary Investment Case<br />

• In Syria:<br />

– Exploration ‐ potential for multiple<br />

discoveries in 2010<br />

– Oil production likely to continue to<br />

increase<br />

– New projects being sought<br />

• In Iraq:<br />

– Maysan Gas Project ongoing<br />

– Exploring opportunities to partner with<br />

Major oil companies<br />

• The Company:<br />

– Established track record in exploration,<br />

appraisal & development<br />

– Clearly defined vision and strategy<br />

– Strong balance sheet and cash flow<br />

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