Topics, I think, are necessary to be talked about in the next board meeting 10/10/2015 René Sass 1

Update Canada report and action plan Rebuilding test unit General direction 22/09/2009René Sass 2

Report not finished ▫Lack of reliable gas analysis results ▫New explanation for efficiency to be tested ▫Results from shale are “disappointing” New test series waiting for a date at SINTEF Outstanding meeting with fluidization expert ▫11 th of January in Oslo ▫Input for reactor design and industrialization 10/10/2015René Sass 3

10/10/2015René Sass 4

Results from oil shale are “disappointing” ▫Necessity for “water lock” Upgrading according to fluidization experts opinion Extent of upgrading ▫Redesign of reactor ▫Installing of sensors ▫Installing of new feeder 10/10/2015René Sass 5

Time schedule: estimated 2 months ▫Depending on experts opinion what’s necessary Budget ▫Feeder: ≈ Nok ▫Sensors: ≈ Nok ▫Reactor and assembly: ≈ Nok 10/10/2015René Sass 6

Problems I met and a solution for the future 22/09/ René Sass

I felt a bit useless during the test, as I hadn’t had own tasks I wanted to make a project plan for the rebuilding of the Trondheim rig, and couldn’t do it I wanted to buy software, and couldn’t say if it was a fair price or not 22/09/ René Sass

I have to find/define my own work I don’t have targets or objectives for my work I don’t know the objectives for Tarblaster I don’t know the company’s strategy of Tarblaster 22/09/ René Sass

Define a business/action strategy for Tarblaster ▫We can make a project plan for the next year  We can make short term subordinate targets and tasks Define objectives for my work ▫I can make tasks and work packages, the goal achievement can then be assessed by the Board 22/09/ René Sass

I cannot define work packages without a target ▫I cannot make decisions ▫I cannot work efficiently ▫I cannot measure the progress The Board has to define the objective ▫I can be responsible for the implementation ▫The Board can measure me With main objectives in mind subordinate targets can be defined easily ▫I can work flexible and independently ⇒ Most project fail for lack of good targets 22/09/ René Sass

Discussion today Refinery/ Preparation of Results Presentation to EPIV Presentation to the Share Holders Re-Discussing 22/09/ René Sass

Set objectives for the next 3 years Set objectives for the next year Define targets for the next year (SMART) Deduce tasks and subordinate objectives for next year Make project plans for the different projects/tasks 22/09/2009René Sass 13

We have to! Plans can be changed if necessary! We can: The technology is generally proven Question remaining: ▫How do we want to sell it? ▫To whom do we want to sell?  How can we make it?  What is therefore necessary? 22/09/2009René Sass 14

I‘d like the Board to discuss about the following ▫3 years plan ▫Plan for 2010 With binding (SMART)* ▫Objectives ▫Goals ▫Milestones SMART: Specific, measurable, attractive, realistic, timely 22/09/2009René Sass 15