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September 2009 - FLEX LNG

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The Minza Project<br />

- Development timeline: Target FID by year-end 2010<br />

<br />

<strong>FLEX</strong> has initiated a farm-out process to<br />

select a partner that will fund the required<br />

appraisal drilling programme<br />

Anita 2D Survey: “BOS Atlantic”<br />

<br />

Expect that 3-4 wells will be needed to reach<br />

P90 estimates of 1.2TCF of recoverable<br />

resources<br />

<br />

Water depth of 60-100 metres<br />

<br />

Anita 2D seismic study started 24 August<br />

and is expected to be interpreted by end-<br />

November<br />

<br />

Timeline:<br />

Data room:<br />

Established<br />

Target partner selection: Year-end <strong>2009</strong><br />

Target drilling: 2H 2010<br />

Target FID: Year-end 2010<br />

13

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