Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Energy Investments & Management

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Dale Steinkuehler President and Co-founder Tulsa, Oklahoma, USA

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

ASHOKA STAMBHA Symbol of Peace and Goodwill Thank You

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Today’s Presentation MaxEx Virtual Drilling Power of MaxEx Unique Indian Opportunities India Oil and Gas

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech What is MaxEx™? Drill your high-potential prospects first Improve drilling efficiency by up to 24 times Reduce frontier program costs 90% or more MaxEx – Maximize Exploration Results

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Proprietary exploration technology that produces a well log without drilling a hole Used for over 20 years Z-Scan Electromagnetic (EM) Survey What is Virtual Drilling ™ ?

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Areas of Operation USA Canada Australia Mexico Middle East

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Near 100% success rate in detecting the absence of hydrocarbons Approximately 50% success rate in calling commercial wells

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech minutes to record Virtual Drilling Data to 6,000 meters Only log area of interest - “window” Windows as small as 150 meters per well

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Virtually Drill (process) 3, ,000 meters per week Equal to up to 24 to 27 wells per week

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Z-Scan Resolution Depth within 8 1,500 meters Horizontal < 1% ( meters) Unit Thickness 1.5 meters

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

Provides inferred porosity and permeability

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Provides inferred lithology

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Complement to seismic

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Can identify stratigraphic traps

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Stand alone logging tool

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Z-Scan Limitations Fresh water Surface or clouds Solar interference

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

100% digital version 12,000 meters to as many as 30,000 meters per week First round of beta testing DigiLog

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Briny water makes the sea bottom = dry land Only need a small boat Offshore

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Successfully used in Louisiana marshes Limited use but Louisiana work confirms it will work offshore Offshore

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

Virtually Drill Structure Identify Most Prospective Locations Drill Most Prospective Locations

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Cairn Rajasthan Block MaxEx probably would have recommended drilling Mangala first

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates 1.0%5.0%10.0% Conventional 100 MaxEx (35% success rate) Fewer Wells Drilled Frontier Program Wells Drilled

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates1.0%5.0%10.0% Fewer Wells Drilled w/MaxEx Years Saved - 1 Month per Well Years Saved - 3 Months per Well Frontier Program Years Saved

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates1.0%5.0%10.0% Drilling Costs (millions of $)$101.0$105.0$110.0 Percentage of Conventional Cost*96%82%65% Well Costs: Dry Hole $1,000,000 Completion 1,000,000 Frontier Program Costs Saved * Savings before MaxEx costs

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Conventional100 MaxEx (50% success rate) Fewer Wells Drilled Exploration Program Wells Drilled

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Fewer Wells Drilled w/MaxEx Years Saved - 1 Month per Well Years Saved - 3 Months per Well Exploration Program Years Saved

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Drilling Costs (millions of $)$110.0$120.0$140.0 Percentage of Conventional Cost*75%50%14% Well Costs: Dry Hole $1,000,000 Completion $1,000,000 * Savings before MaxEx costs Exploration Program Costs Saved

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

Deccan Traps Middle East Size Potential Volcanics great traps Z-Scan only seeks presence of hydrocarbons Deccan one of the largest volcanic provinces >> Virtually Drill Syneclise Volcanics an Asset

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Himalaya foreland Rugged terrain Remote locations Significant environmental issues Immense Potential…but

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Himalaya foreland Easily access remote locations in rugged terrain Environmental impact almost none “take only readings, leave only footprints” but … MaxEx Extremely Mobile

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech India Oil & Gas

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Home of Elephant Fields

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Lots of Elephants 2002 Reliance KG 7 TCF find

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Cairn 1.0 billion barrel Rajasthan find

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech TCF KG basin by GSPC

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech ONGC KG basin possibly +7 TCF

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech ONGC Mahanadi possibly +21 TCF

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Open for Business 7 year income tax holiday Royalty Oil12.5% Gas 10.0% Bid other consideration to GOI 100% foreign ownership of oil & gas projects

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

MaxEx Maximize Exploration Results “Drill Mangala first!”

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech The Future DigiLog Offshore Virtual Drilling ™

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Time - Saves up to 24 years “Time is Money” Power of MaxEx ™

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Money - Saves 90% or more of frontier program costs Saves 90%

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Volcanics An Asset >> Unique India Opportunities Deccan Traps Middle East Size Potential

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech MaxEx Extremely Portable “takes only readings, leaves only footprints Himalaya Forelands Immense Potential Himalaya Forelands Immense Potential Unique India Opportunities

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Find It & Keep It High Potential Opportunities Tax Holiday & Low Royalty Low Political Risk

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech INDIA and ENSAGA A Powerful Combination

Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Energy Investments & Management