ROCKSOURCE ASA Rocksource aims to be an innovative and fast growing E&P company. Their vision is to deliver amongst the highest exploration success rates in the industry by appropriate application of technology. Rocksource was established as a partnership between Norwegian entrepreneurs, oil industry professionals and academics with a common goal of adding value to the E&P industry by applying cutting edge technology. The company is now well positioned to take advantage of proprietary EM processing and interpretation skills together with strong reservoir management and seismic interpretation skills. Rocksource’s short-term strategy is to build a cash flow position in the US, while at the same time building a sustainable exploration–led portfolio in the North Sea. In the long term the company aims to build further reserves and production in basins where we can leverage out EM and reservoir technology. The core of Rocksource’s technological abilities is related to the use of electromagnetic (EM) data to reduce risk in exploration and proper reservoir management to enhance recovery in production. Rocksource considers that the EM technology is proven and has a game changing potential! Proper use of EM technology can significantly improve exploration efficiency by Reducing the number of dry wells Optimizing rig capacity by drilling the right wells Reducing the finding cost per barrel This leads to improved value creation from exploration. Rocksource has developed a proprietary state-of-the-art analysis approach to successfully deal with EM data in both simple and complex settings. Rocksource ASA has signed a Memorandum of Understanding with Oil & Natural Gas Corporation to develop exploration partnership in the Indian Continental Shelf & Internationally. The two companies share an intention to perform joint exploration activities based on the results of the Rocksource EM technology and integrated prospect evaluation. They will also participate in joint applications for new exploration acreage where EM technology can be applied. Upstream Alliance represents Rocksource in the Indian Continental Shelf For more information, please visit www.rocksource.com

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