1

Annex IV

MANDATORY PURCHASES1. THE JEBCO ALLIANCE REPORT – US$25,000 (where not previously purchased) —

The Realization of the Hydrocarbon potential of Jamaica Phase1: Setting the scene Volume I and II – Paper and CD copy available.

The Realisation of the Hydrocarbon Potential of Jamaica.

Phase 1: setting the scene

Nick CameronJohn Milsom

and Simon Mitchell

The JEBCO Alliance

with contributions by:

Kevin Burke – plate tectonics & structural setting Andy Carr - basin modelling

Chris Matchette-Downes – petroleum geochemistryAl Salman – seismic interpretation

and John Zumberge – organic geochemistry

Volume I

2ND EDITION APRIL 2010

2

Executive summary: Of the eleven wells drilled in Jamaica, all but one encountered oil and or gas shows. There are onshore gas seeps. Three Petroleum Systems have been identified, the most important of which was sourced from a middle Eocene pro-delta sequence. Hydrocarbons from this high quality source, which is both oil- and gas-prone and occupies a 700 metre interval, are present in the Content-1 well. Southwards extension into the Walton Basin immediately to the south of Jamaica is predicted. A related source sequence is developed along the Caribbean margin of Honduras and Nicaragua. Associated reservoir objectives are sands within a middle Eocene, delta-associated sequence, and, more especially, newly defined reef systems and their detrital products. 50% fill of the carbonate targets mapped so far would imply reserves of 2.8 BBO or 10.6 TCF gas.

Geological reconstructions suggest that the delta and pro-delta sequences were associated with a major river that flowed eastwards from Central America. Excellent analogies exist with the now prolific Talang Akar (sand) and Baturaja (carbonate) plays of western Indonesia. Regional gravity suggests that this play extends westwards through the shallow waters along the crest of the Nicaragua Rise to the limit of the Jamaica EEZ.

The South Coast of Jamaica and the onshore Montpelier-Newmarket Trough also offer possibilities. A related, but older delta play involving Paleocene source rocks is expected to emerge in the John Crow Belt in the extreme east of the island. Additional potential is offered by a newly identified oil-prone Cretaceous source.

Smackover-type (Oxfordian) oils that were encountered in wells in the Windsor area of the North Coast resemble those from Belmopan in Belize. A review of the regional geology suggests that the block on which these wells lie was accreted onto Jamaica from Yucatán in the late Cretaceous.

Further information relating to the report and its contents can be obtained from:

Dr. R. Wright, Chris Matchette-Downes Petroleum Corporation of Jamaica, MDOIL Limited (UK)36 Trafalgar Road, +44 7908 208345PO Box 579, email: cjmd@mdoil.co.ukKingston 10,Jamaica.e-mail: raymond.wright@pcj.com

3

The Realisation of the Hydrocarbon Potential of Jamaica Phase 1: setting the scene

OVERVIEW INDEX

1. Introduction 18

1.1. The JEBCO Alliance project and products. 181.2. Background information. 191.3. Exploration history. 191.4. The JEBCO Alliance Project, Phase I. 201.5. Future phases. 22

2. Mapping and the MapInfoTM database 24

2.1. Onshore. 242.2. Offshore. 242.3. The GIS. 25

3. The evolution of the Caribbean 26

3.1. The regional gravity signature. 263.2. Tectonic history of the Caribbean. 27

4. The geology of Jamaica 28

5. Wells, onshore coreholes and hydrocarbon seeps 30

6. Seismic surveys 33

7. Gravity data 34

7.1. Offshore satellite-derived gravity. 347.2. Offshore shipborne gravity. 347.3. Onshore gravity surveys. 35

8. Magnetic data 36

8.1. Airborne surveys. 368.2. Shipborne surveys. 36

9. Geochemical data and basin modelling. 38

4

10. Play controls and concepts 39

11. The opportunities 41

11.1. Walton Basin. 4211.1.1. Offshore Walton Basin plays. 4211.1.2. Southeast Asian analogues. 4611.1.3. Onshore Walton Basin plays 47

11.2. Other high-prospectivity areas. 4811.2.1. Pedro Bank. 4811.2.2. North Coast. 48

11.3. Moderate-prospectivity area. 4911.3.1. Alice Shoal. 5011.3.2. Jamaica Plain. 5011.3.3. Birthday. 50

11.4. Low-prospectivity areas 5111.4.1. Clarendon. 5111.4.2. Formigas Bank. 5211.4.3. Morant Basin. 5211.4.4. Morant South. 5311.4.5. Hess West. 5311.4.6. Hess. 53

11.5. Unprospective - Cayman Trough. 53

11.6. Block rankings. 54

11.7. Conclusions. 55

5

The realisation of the hydrocarbon potential of Jamaica

Phase 1: setting the scene

SUPPLEMENTARY MATERIAL INDEX

1. Introduction 62

2. Mapping and the MapInfoTM database 65

2.1. Introduction. 652.1.1. Spheroid, ellipsoid, geoid. 652.1.2. Projections and grids. 66

2.2. Jamaica Mapping. 672.2.1. Onshore. 672.2.2. Offshore. 68

2.3. MapInfo Implementation. 702.4. The Port Charles and Airport Reference Points. 702.5. Digital Elevation Models. 71

3. Evolution of the Caribbean 72

3.1. Origin of the Caribbean and the Gulf of Mexico: Appalachian.collapse and Pangean break-up 72

3.2. The Caribbean Large Igneous Province (CLIP). 733.3. The Galapagos Hot-Spot and the Caribbean Large Igneous

Province (CLIP). 733.4. The CLIP and the B” horizon. 743.5. The CLIP and internal deformation within the Caribbean. 743.6. Reversal of subduction direction of Great Arc of the

Caribbean. 743.7. Entry of the Great Arc of the Caribbean into the Atlantic

Ocean. 753.8. Collision of the Great Arc with North America. 753.8.1. Incorporation of the North Coast Block (NCB) into Jamaica. 75

3.8.2. Intra-arc rifting and associated igneous and sedimentary activity, between late Campanian (after 73 Ma) and end-Paleocene (ca.53 Ma) times. 75

3.8.3. Sedimentary deposition on the top of the collided arc from mid-Campanian to mid Eocene times (ca.77 Ma to ca. 43 Ma). 77

6

3.9. A tectonically quiet interval while first the Yucatán Basin formed and then the Cayman trough began to develop. 77

3.10. Jamaica since the broadened PBZ of the Cayman Trough first formed at ca.13 Ma. 78

3.10.1. Establishment of a 200 km wide belt with structures .indicative of distributed deformation within the PBZ. 79

3.10.2. Distributed deformation within Jamaica’s active PBZ. 793.11. Alternative views of the evolution of the Caribbean. 803.12. Cayman Trough issues. 82

4. The geology of Jamaica 84

4.1. Cornwall-Middlesex Block. 844.1.1. Metamorphic rocks. 844.1.2. Older volcanics. 844.1.3. Crofts Synthem. 85

4.2. Late Cretaceous collision event. 864.3. Kellits Synthem. 87

4.3.1. Central Inlier. 874.3.1. St. James Inliers. 884.3.2. Marchmont Inlier. 894.3.3. Jerusalem Mountain and Negril. 89

4.4. North Coast Block. 904.5. Blue Mountains Block. 904.6. Cretaceous-Tertiary stocks. 914.7. John Crow Rift. 924.8. Wagwater Rift. 924.9. Rifting in eastern Jamaica. 944.10. Yellow Limestone and White Limestone groups. 94

4.10.1. The Stettin Cycle. 954.10.2. Chapelton-Troy Cycle. 96

4.11. Montpelier-Newmarket Trough. 984.12. Rifting between Jamaica and Pedro Bank. 984.13. Late Neogene tectonics. 994.14. Offshore late Neogene events. 1004.15. The Coastal Group. 101

4.15.1. NE Jamaica (Portland and St. Mary). 1014.15.2. St. Thomas. 1014.15.3. Clarendon. 1024.15.4. North Coast. 102

4.16. Coastal Group offshore - onshore ties. 1024.17. Alluvial fans, fan deltas and interior valley fills. 1034.18. Present morphological units. 103

7

4.18.1. John Crow Belt. 1044.18.1.2. Blue Mountains Block. 1044.18.3. Wagwater Belt. 1044.18.4. North Coast Belt. 1044.18.5. Clarendon Block. 1044.18.6. Montpelier-Newmarket Trough. 1054.18.7. Hanover Block. 105

4.19. Play implications. 1054.19.1. Island wide active fault sets. 1054.19.2. Actively rising anticlines. 1064.19.3. Fans. 106

4.20. Offshore morphology. 1064.20.1. Cayman Trough. 1064.20.2. Upper Nicaragua Rise. 1074.20.3. Lower Nicaragua Rise. 1074.20.4. Columbia Basin. 107

5. Wells, onshore coreholes and hydrocarbon seeps 108

5.1. Negril Spots-1 (1955). 1085.2. Santa Cruz-1 (1956). 1095.3. Cockpit-1 (1957). 1105.4. West Negril-1 (1957). 1105.5. Pedro Bank-1 (1970). 1115.6. Portland Ridge-1 (1971). 1125.7. Content-1 (1972). 1135.8. Hertford-1 (1981). 1155.9 Arawak-1 (1982). 1155.10. Windsor-1 (1982). 1185.11. Retrieve-1 (1982). 1215.12. Windsor-1 Corehole. 1225.13. Ecclesdown-1 Corehole. 1235.14. Blowfire Hill-1 Corehole. 1235.15. Offshore coreholes. 1245.16. The Great St Ann’s River gas seep. 1245.17. The Marchmont Great River gas seep. 1255.18. The Annotto Bay gas seep. 125

6. Seismic surveys 126

6.1. Onshore surveys. 1266.2. Offshore surveys. 127

6.2.1. The offshore database. 1276.2.2. Reprocessable offshore surveys. 127

8

6.2.3. Walton Basin seismic mapping. 1296.3. Test reprocessing. 1306.4. Suggested reprocessing sequence. 1316.5. Academic research cruises. 1326.6. Swathe bathymetry. 1336.7. Future seismic work programme. 133

7. Gravity data 134

7.1. Offshore gravity. 1347.1.1. Gravity from satellites. 134

7.2. Onshore gravity. 1357.2.1. Jamaica gravity data: historical review and Australian comparisons.

1357.2.2. Base stations and absolute gravities. 1377.2.3. Gravity reduction parameters. 1397.2.4. Terrain corrections in Jamaica. 140

7.3. Jamaica onshore surveys. 1417.3.1. California Exploration Co. regional study. 1417.3.2. Inter-American Geodetic Survey. 142

7.3.3. Institute of Geological Sciences regional study, 1964-66. 1427.3.4. Lower Vere Plains, 1977-78. 1437.3.5. Blue Mountains surveys, late 1970s. 1437.3.6. Tidelands Pilot Gravity/Magnetic Survey, 1980. 1437.3.7. PGW Montego Bay – Discovery Bay Gravity

Survey, 1986. 144

7.3.8. PGW Compilation, 1992. 1457.3.9. JEBCO Alliance survey work and recompilation, 2004. 1457.3.10. The Jamaica digital gravity database. 146

7.4. Land Gravity in Jamaica – the future. 148

8. Magnetic data 150

8.1. Ground magnetic surveys. 1518.1.1. Tidelands 1980 pilot gravity/magnetic survey. 151

8.2. Aeromagnetic surveys. 1518.2.1. Project Magnet. 1518.2.2 Base Metals Mining Corporation survey. 1518.2.3. Aero Services survey of Jamaica island. 1528.2.4. Signal Oil onshore/offshore aeromagnetic survey. 153

8.3. Marine surveys. 153

9

8.3.1. Prakla Seismos / GECO 1978 marine seismic/gravity/magnetic survey. 154

8.3.2. GSI 1982 “Spec Jamaica BWI” seismic/magnetics/gravity survey. 154

8.3.4. PetroCanada International Assistance seismic / magnetics / gravity survey of Formigas Bank and the Morant Basin. 154

8.4. Magnetic Data from research cruises. 1558.5. Proposed aeromagnetic, aerogravity and Seepfinder™ survey. 155

9. Geochemical data and basin modelling 156

9.1. Experimental Procedures. 1569.1.1. Liquid Chromatographic Separation. 1569.1.2. Stable Isotope Analyses. 1569.1.3. Gas Chromatography. 1579.1.4. Gas Chromatography/Mass Spectroscopy (GC/MS). 157

9.2. The oil extracts and oils. 1579.2.1. The Tertiary sourced Oil Family. 1599.2.2. The Cretaceous sourced Oil Family. 1609.2.3. The Smackover (late Jurassic) sourced Windsor-1

area oils and extracts. 160

9.3. The St Ann’s Great River gas seep. 1619.4. Basin modelling. 162

9.4.1. Geological inputs. 1639.4.2. The results, their corrections and their significance. 1649.4.3. Maturity control from biomarker 20S/(20S+20R)

ratios. 166

10. Play controls and concepts 167

10.1. Regional Jurassic source rocks. 16710.2. The Jamaican Cretaceous. 16710.3. Regional Cretaceous source rocks. 16810.4. The pre-Yellow Limestone Group section of Jamaica. 16910.5. The Yellow Limestone Group of Jamaica. 17010.6. Regional Eocene source rocks. 17210.7. White Limestone Group and younger succession

of Jamaica. 17410.8. Regional younger Tertiary source rocks and reservoirs. 176

11. The Opportunities 179

10

Figures

1. Introduction

Figure 1. 1 Jamaica and its EEZ, showing bathymetric features, wells and offshore coreholes.

Figure 1.2. Jamaican onshore well, corehole and seep locations.Figure 1.3. Simplified Jamaican geology. Figure 1.4. Jamaican banks and bathymetry.Figure 1.5. The available blocks (onshore and offshore).

2. Mapping and the MapInfoTM GIS

Figure 2.1. Jamaican onshore map boundaries.Figure 2.2. Mapping parameters in the Jamaica region.Figure 2.3. Inter-American Geodetic Survey stations at Port Royal. (SM)

3. Evolution of the Caribbean

Figure 3.1a. Gravity field and bathymetry of the Caribbean. a) free-air gravity.Figure 3.1b. Bouguer gravity and crustal provinces. Figure 3.1c. Colour coded bathymetry. Figure 3.1d. Shaded relief bathymetry.Figure 3.2. Rift stage palaeogeography in the Central Atlantic and the proto-

Caribbean. (SM)Figure 3.3. Cretaceous arc environments of Jamaica (150-80 Ma). (SM)Figure 3.4. Evolution of the Great Arc. (SM)Figure 3.5. Tectonic setting of the Caribbean 75-53 Ma (after Burke, 1988, figure 4).

(SM)Figure 3.6. Paleocene to early Eocene tectonics (modified from Burke, 1988, figure 6).

(SM)Figure 3.7. Tertiary reconstruction, after Mann and Lawrence (1991). (SM)

4. Geology of Jamaica

Figure 4.1. Simplified stratigraphy of Jamaica. Figure 4.2a. Senonian palaeogeography of Jamaica. Figure 4.2b. Paleocene palaeogeography of Jamaica.

11

Figure 4.2c. Early to middle Eocene palaeogeographical evolution of Jamaica.Figure 4.2d. Middle Eocene palaeogeography of Jamaica.Figure 4.2e. Middle to late Eocene palaeogeography of Jamaica. Figure 4.2f. Oligocene to middle Miocene palaeogeography of Jamaica.Figure 4.2g. End Miocene - Lower Pliocene palaeogeography of Jamaica.Figure 4.3. Cretaceous structural blocks and inliers of Jamaica. (SM)Figure 4.4. Succession in the Benbow Inlier. (SM)Figure 4.5. Detailed correlation of the Crofts Synthem. (SM)Figure 4.6. Detailed correlation of the Kellits Synthem. (SM)Figure 4.7. Oil smelling claystone band at Pindars River in the Central Inlier. (SM)Figure 4.8. Rudist limestones with the large elevator rudist Macgillavryia nicholasi

(Whitfield) in the Guinea Corn Formation of the Central Inlier at Cabbage Hill. (SM)

Figure 4.9. Detailed stratigraphy of the North Coast Block. (SM)Figure 4.10. Provisional revised stratigraphy of the Blue Mountain Block. (SM)Figure 4.11. Rifting history of eastern Jamaica illustrating the John Crow and

Wagwater rift systems. (SM)Figure 4.12. Tertiary blocks and troughs/belts in Jamaica. (SM)Figure 4.13. Yellow and White Limestone stratigraphy of the Clarendon Block region.

(SM)Figure 4.14. Guys Hill Formation outcrop. (SM)Figure 4.15. Lignite, lignitic claystones and probably crevasse splay sandstones

exposed in a road cut at Litchfield in the Central Inlier. These outcrops are now at some 750 metres ASL. (SM)

Figure 4.16. Chapelton Formation settings. (SM)Figure 4.17. Mid-Eocene geological setting of the Walton Basin region. (SM)Figure 4.18. UTIG seismic profiles. (SM)Figure 4.19. Walton Basin (GSI line JA82-40) illustrating continuing subsidence and reef

aggradation from the base of the Coastal Group. (SM)Figure 4.20. Simplified lithostratigraphy of the Coastal Group. (SM)Figure 4.21. Tertiary thickness and subsequent uplift for the Walton Basin. (SM)Figure 4.22. Geological cross-section illustrating the Tertiary history of the Walton

Basin and Jamaica (horizontal scale diagrammatic). (SM)Figure 4.23. Geomorphological features with exploration significance. (SM)Figure 4.24. Image of the DEM-defined topography of Jamaica created using

MapInfoTM to provide an oblique view across the island from the south. (SM)

Figure 4.25. Mosaic of NASA shuttle images of Jamaica. (SM)Figure 4.26. Axial drainage in Jamaica. The Rio Minho flows east within the Central

Inlier before turning south to reach the coast.Figure 4.27. Active tectonism in the Hellshire Hills. (SM)

12

Figure 4.28. NASA shuttle images of Upper Nicaragua Rise carbonate banks. (SM)Figure 4.29. North-south seismic profile across the Nicaragua Rise. (SM)

5. Wells, onshore coreholes and hydrocarbon seeps

Figure 5.1. Content-1, syndepostionally deformed Chapelton Formation at around 1,437.2 metres (4,715.3 feet). (SM)

Figure 5.2. Content-1 Vitrinite reflectance (Ro%) versus depth (metres) for the Chapelton Formation. (SM)

Figure 5.3. Content-1 Production Index (PI) versus depth (metres) for the Chapelton Formation. (SM)

Figure.5.4. Content-1 Van Krevelen plot for the Chapelton Formation. (SM)Figure 5.5. Arawak-1 time-depth curve. (SM)Figure 5.6. Arawak-1: White Limestone Group lithologies and porosities. (SM)Figure 5.7. Blowfire Hill-1 corehole at ca. 218 metres (715 feet): yellow saccharoidal

dolomites overlying 1) probable dolomicrites with solution enhanced open fractures and 2) patchily oil-stained micrites. (SM)

Figure 5.8. ODP Site 1000 time-depth curve. (SM)Figure 5.9. The St. Ann’s Great River gas seep aflame. (SM)

6. Seismic surveys

Figure 6.1. Existing seismic coverage, on and offshore Jamaica. Figure 6.2. The onshore surveys. (SM)Figure 6.3. The offshore heritage surveys. (SM)Figure 6.4. The 1978 Prakla Seismos GECO G78 surveys. (SM)Figure 6.5. The 1980 UTJ80 CGG survey. (SM)Figure 6.6. The 1982 JA82 GSI survey. (SM)Figure 6.7. The 1983 Sefel surveys for Petro-Canada International Assistance. (SM)Figure 6.8. Offshore seismic metadata: the Prakla Seismos / GECO G78 survey. (SM)Figure 6.9. Offshore seismic metadata: the 1980 CGG/ Union Texas survey (Pedro

Bank). (SM)Figure 6.10. Offshore seismic metadata: the GSI GA82 survey. (SM)Figure 6.11. Offshore seismic metadata: the 1983 Sefel/PCIA surveys (Walton Basin,

Morant Basin and Formigas Bank). (SM)Figure 6.12. Comparison of unmigrated GSI line JA82-28 with migrated Sefel line 9025.

(SM)Figure 6.13. Digitally reconstructed Sefel data using SEISTRAKTM technology. (SM)

13

Figure 6.14. Test filtering. 20-40 Hz at zero time, ramped to 5-15 Hz at 2.5 sec TWT. (SM)

Figure 6.15. FK coherency enhancement applied. (SM)Figure 6.16. FX deconvolution applied. (SM)Figure 6.17. Offshore seismic metadata: the UTIG Caribbean Sea survey. (SM)Figure 6.18. Offshore seismic metadata: the 1987 Seacarib II Cayman Trough region

marine geophysical cruise. (SM)Figure 6.19. Offshore seismic metadata: the CASIS Cayman Trough survey. (SM)Figure 6 20. Offshore seismic metadata: the HIG/UTIG ‘Cayman Trough’ survey. (SM)Figure 6.21. Offshore seismic metadata: the Duke University ‘R/v Cape Hatteras’ 9024

cruise. (SM)Figure 6.22. The proposed new 2-D grid. (SM)Figure 6.23. The proposed new grid overlain on the existing surveys. (SM)

7. Gravity data

Figure 7.1. Bouguer gravity of Jamaica and its shallow offshore. Figure 7.2. Shipborne and satellite gravity compared. Figure 7.3. Jamaica: onshore Bouguer gravity. Figure 7.4. Metadata, California Exploration Co gravity survey. (SM)Figure 7.5. Metadata, IAGS gravity survey. (SM)Figure 7.6. Metadata, British Geological Survey 1964 gravity survey. (SM)Figure 7.7. Metadata, British Geological Survey 1966 gravity survey. (SM)Figure 7.8. Metadata, UWI Vere Plains gravity survey. (SM)Figure 7.9. Metadata, UWI Blue Mountains gravity survey. (SM)Figure 7.10. Metadata, Tidelands Geophysical Co gravity survey. (SM)Figure 7.11. Metadata, Paterson, Grant and Watson gravity survey. (SM)Figure 7.12. Metadata, JEBCO Alliance Hellshire gravity survey. (SM)Figure 7.13. Base gravity station description: Montego Bay courthouse. (SM)Figure 7.14. Base gravity station description: PCJ offices, Kingston. (SM)Figure 7.15. Base gravity station description: Geology Department, UWI Mona. (SM)

8. Magnetic data

Figure 8.1. Reduced-to-pole aeromagnetic map of Jamaica, after Paterson, Grant and Watson (1986).

Figure 8.2a. Aeromagnetic total field over Jamaica.Figure 8.2b. Total field with digitisation points superimposed. Figure 8.3. Offshore magnetic data in the Jamaica EEZ. (SM)

14

9. Geochemical data and basin modelling

Figure 9.1. Geomark Research summary sheet for the Content-1 core (1435 metres). (SM)

Figure 9.2. Geomark Research summary sheet for the Content-1 core (1603 metres). (SM)

Figure 9.3. Geomark Research summary sheet for the Retrieve-1 core (2,276 metres). (SM)

Figure 9.4. Geomark Research summary sheet for the Windsor-1 cuttings (24-27 metres). (SM)

Figure 9.5. Geomark Research summary sheet for the Windsor-1 cuttings (247-248 metres). (SM)

Figure 9.6. Geomark Research summary sheet for the Windsor-1 corehole core (ca. 81 metres). (SM)

Figure 9.7. Geomark Research summary sheet for the Windsor-1 oil (1,509 metres). (SM)

Figure 9.8. Geomark Research summary sheet for the Windsor-1 oil (1,692 metres). (SM)

Figure 9.9. Stable carbon isotope compositions. (SM)Figure 9.10. Environmental discriminators: oleanane/hopane versus %C29 steranes.

(SM)Figure 9.11. Biomarker defined maturities: C27 Ts/Tm versus C29 Ts/Tm. (SM)Figure 9.12. Published Content-1 GCs for extracts from the Chapelton Formation. (SM)Figure 9.13. Comparison of the Windsor-1 oil (1,509 metres) with a Belmopan Field

(onshore Belize) oil and a smackover Formation oil from Arkansas, USA. (SM)

Figure 9.14. The Windsor oils compared with global sources. (SM)Figure 9.15. Age plot for Mesozoic carbonate/marl sourced oils. (SM)Figure 9.16. Windsor area: bulk composition comparisons. (SM)Figure 9.17. Windsor-1 area: tricyclic terpane ratios and 13C15+sat values. (SM)Figure 9.18. The St. Ann’s Great River gas seep – Schoell Plot and gas composition.

(SM)Figure 9.19. Content-1: Vitrinite reflectance (Ro%) versus depth plot. (SM)Figure 9.20. Content-1: heat flow history. (SM)Figure 9.21. Content-1: maturation history plot for the Chapelton Formation. (SM)Figure 9.22. Content-1 maturation history modified assuming no uplift. (SM)

10. Play controls and concepts

Figure 10.1. Source rocks and reservoirs.

15

Figure 10.2. Regional Caribbean source rocks, plus oil and gas occurrences. (SM)Figure 10.3. Richmond Formation turbidites exposed in the left bank of the Buff Bay

River near Charlestown. (SM)Figure 10.4. Plane polarized light image of a mature sand (arkosic arenite) from the

Guys Hill Formation and collected from the Lichfield road cut. (SM)Figure 10.5. Patch reefs (Formigas Bank, Sefel/PCIA line 9,016, ca. SP 1,200). (SM)

11. New and existing opportunities

Figure 11.1. Named exploration sectors in Jamaica and its EEZ, superimposed on Bouguer gravity.

Figure 11.2. Exploration sectors (numbered as in text), superimposed on free-air gravity.

Figure 11.3. Sector rankings, available blocks and water depth.Figure 11.4. Gravity profile interpretation: Jamaica, Walton Basin and Pedro Bank. Figure 11.5. Walton Basin architecture. Figure 11.6. Principal elements of Walton Basin fabric superimposed on Bouguer

gravity.Figure 11.7. Walton Basin: interpretation template for the reef plays.Figure 11.8. The evolution of the Walton Basin Tertiary plays. Figure 11.9. Oil and gas shows around the Walton Basin depocentre.Figure 11.10. The reef play in the Walton Basin.Figure 11.11. Walton Basin: location map for the sample lines.Figure 11.12. Walton Basin: GSI line JA82-6.Figure 11.13. Walton Basin: GSI line JA82-8.Figure 11.14. Walton Basin GSI line JA82-22.Figure 11.15. Walton Basin: GSI line JA82-33A.Figure 11.16. Walton Basin: GSI line JA82-40.Figure 11.17a. Walton Basin: GSI line JA82-51.Figure 11.17b. Walton Basin: GSI line JA82-51A.Figure 11.18. Walton Basin: GSI line JA82-53.Figure 11.19. Walton Basin: GSI line JA82-64.Figure 11.20. Walton Basin: Sefel/PCIA line 9025. Figure 11.21. Walton Basin leads.Figure 11.22. An analogue play from the South Sumatra Basin (western Indonesia). Figure 11.23. The Pedro Bank opportunity window.Figure 11.24. The North Coast block and the eastern end of the Cayman Trough.Figure 11.25. Radarsat map of the St Ann’s Anticline.Figure 11.26. Cretaceous-associated plays predicted for the Montpelier-Newmarket

Trough. Figure 11.27. UTIG geoseismic profile for the Jamaica Plain region.

16

Tables

1. Introduction

Table 1.1. The turning points for Jamaica’s EEZ. (SM)Table 1.2. Boundaries of blocks offered in the 2005 licensing round. (SM)

4. Geology of Jamaica

Table 4.1. Ages of granite-granodiorite stocks in and around Jamaica. (SM)

5. Wells, onshore coreholes and hydrocarbon seeps

Table 5.1. Industry wells in onshore and offshore Jamaica.Table 5.2. Well latitudes and longitudes (data supplied by PCJ, 3/04). Table 5.3. Well tops. Table 5.4. PCJ coreholes with oil shows.Table 5.5. The show record for the wells, plus the three coreholes with shows. Table 5.6. Content-1: Chapelton Formation source rock quality. (SM)Table 5.7. Content-1: Kerogen types according to Bujak (1985, table 1). (SM)Table 5.8. Time-depth couplets for Arawak-1. (SM)Table 5.9. Sonic determined porosity for Arawak-1 for three intervals between 1,792

and 2,578 metres (5,880 and 8,460 feet). (SM)Table 5.10. Windsor-1 shows. (SM)Table 5.11. DSDP sites in and adjacent to Jamaican waters. (SM)Table 5.12. ODP sites in and adjacent to Jamaican waters. (SM)Table 5.13. St. Ann’s Great River gas seep analyses. (SM)Table 5.14. Marchmont Great River gas seep analysis. (SM)

6. Seismic surveys

Table 6.1. Onshore seismic. (SM)Table 6.2. The offshore seismic. (SM)Table 6.3. Acquisition summary for the Prakla, CGG/UT, GSI and Sefel/PCIA surveys

(SM)

9. Geochemical data and basin modelling

Table 9.1. The samples supplied to Geomark Research for biomarker determinations. (SM)

17

Table 9.2. Biomarker summaries (provided by GeoMark Research). (SM)Table 9.3. TOC and Rock-Eval results from the Content-1 well. (SM)Table 9.4. TOC and Rock-Eval results from the Retrieve-1 well. (SM) Table 9.5. Well geothermal gradients from Schiener (1977). (SM)Table 9.6. Content-1: tops, ages, lithologies, water depths and temperature inputs

for the maturation model. (SM)

10. Play controls and concepts

Table 10.1. MKJ's Nicaragua reef prospects: possible barrels /acre-foot yields. (SM)

11. New and existing opportunities

Table 11.1. RMS determined depths to the base of the syn-rift succession from the sea-bed.

Table 11.2. Oil reserves for the Walton Basin leads.Table 11.3. Assumed reservoir properties for oil charged limestones.Table 11.4. 100% gas reserves for the Walton Basin leads.Table 11.5. Assumed reservoir properties for wet gas charged limestones.Table 11.6. Play component correlations between the Walton Basin and the South

Sumatra basin (western Indonesia).Table 11.7. Block rankings.

18

2. SUPPLEMENTARY REPORT - “Petroleum potential. Offshore, southern Jamaica updated, an Explorationist’s Guide

By: Andrew Carr, Chris Matchette-Downes, John Milsom & Simon MitchellEdited by : Nick Cameron

Table of Contents

Disclaimer

List of figures

List of tables

Section 1: IntroductionPetroleum geology highlights of the Lower Nicaragua Rise (LNR)1) Potential fields (Section 2)2) The seismic sequences (see the Boz Enterprises report, plus Section 3).3) Source rocks (Sections 3, 4 and 5)4) Reservoir rocks (Section 3)5) Seal (Section 3)6) Structure (see the Boz Enterprise report, plus Section 2)7) Basin modelling (Section 5)8) The play geology9) Concluding remarks

Exploration HistoryResults of 2005 Licensing Round and Current ActivitieInformal Licensing RoundNew Multiclient Seismic SurveysJoint Regime AreaCurrent Round 2010 - 2011

Well summaries1. Hertford #1 (TD 9,956ft)2. Cockpit #1 (TD 5,525ft)3. Windsor #1, St Ann's (TD 12,820ft)4. Negril Spot #1 (TD 6,314ft5. West Negril #1 (TD 9,244ft)6. Portland Ridge (TD 7,420ft7. Retrieve (TD 11,310ft8. Content # 1 (TD 7,608ft)9 . Pedro Bank #1 (TD 6,491ft)10. Arawak #1 (TD 15,053ft)Coreholes

19

Negril Spots #1 (TD 6,314ft)Portland Ridge (TD 7,420ft)Retrieve (TD 11,310ft)Pedro Bank #1 (TD 6,491ft) Petroleum geology highlights of the Lower Nicaragua Rise (LNR)

Section 2: New potential field data and basin architecture2.1 Introduction2.2. Regional bathymetry2.3 Detailed bathymetry2.4 Trackline data comparison2.5 Gravity data2.6 Magnetics

Section 3: Geological BackgroundGeneral setting of the Nicaraguan Rise and Jamaica within a Caribbean Plate frameworkJamaican Cretaceous terranes and Cretaceous-Paleogene grabenModel for the Geological Evolution for JamaicaSource RocksReservoirs and Seals

Section 4: The source rocks, oils and hydrocarbon gases of Jamaica4.1 Introduction4.2. The Jurassic source system4.3 The Upper Cretaceous source system4.4 The Eocene source system4.4.1. Chapelton Formation, Eocene4.4.2. Content #1, onshore4.5 Summary4.7 RecommendationsSeepfinder™ airborne technologySeabed piston coring and seabed geochemistyGradiometry survey

References

20

Editors note

This supplementary report was assembled in response to the Petroleum Corporation of Jamaica’s requirement to provide a further understanding of the petroleum potential of the southern offshore of Jamaica following the recent acquisition of new seismic, gravity, magnetics and other data.

This guide builds on the understanding developed by the JEBCO Alliance during their first formal round report completed in 2005, and is designed to complement the work of PCJ consultant Joe Boztas’ seismic interpretation completed in January 2010.

The guide has been designed not to repeat the discussion in the two aforementioned reports and as such it is necessary to use all three documents and associated data in conjunction to obtain a more complete grounding.

21

COMPLIMENTARY DATA AND REPORTS

To be included with Mandatory purchase if desired. Delivery charges may be applicable..This report will only be provided under a Confidentiality Agreement.

1. INTERPRETATION REPORT - Geophysical Evaluation Of CGGVeritas Multi Client Data Offshore Jamaica, Deep Water

Summary:

The Jamaican southern offshore blocks covered by the 2009 CGGVeritas multi client survey with a variable density of 10 to 40 km grid, offer good primary reflection events some 8 to 10kms below the sea floor. At least nine(9) structural leads and a number of stratigraphic opportunities as reefs and onlap plays exit in water depths of 1800 to 2200m. The structural closures range from 80 to 600 sq kms and could potentially contain multi-billion barrels of oil.

There is a thickening of the sedimentary sequence in the southern blocks which accord with the postulated transport direction by the JEBCO study. Extrapolating from the Arawak and Pedro Bank wells the deeper section with onlap/pinch out geometries could include clastic sediments. Nine (9) dip/fault closed leads defined on the data, as well as numerous reef and amplitude plays exist. Many of the main leads offer good top seal potential.

This report is approximately 50 pages including 35 figures

22

2. SEISMIC DATA BASE, PROVISIONAL LISTING

SEISMIC DATA – SCANNED TO CD

These data will only be provided under a Confidentiality Agreement.

A. Acquired by: Sefel:

Area: Walton Basin

Lines: FSP: LSP: Fully Migrated data9051 1 1510 “

9051A 2510 2842 “9053 1 1472 “9020 1 1384 “9022 1 2039 “9023

9023A1

1321320

3247“

9024 1 2031 “9025 1 2723 “9026 461 3670 “9027 1 2818 “9028 1 3081 “9029 1 3064 “9030

9030A1

1661660

4942“

9031A9031B

9031

20146901330

69053303403

“

90329032A

12830

18304377

“

9033 41 1731 “9033A 2671 5091 “

9034 1 481 “9034

9034A1

1439417

3762“

9035 101 3201 “9036

9036A1

263516353359

“

90379037A

11705

7054653

“

90389038A

11625

6252648

“

23

90399039A

2733332

23334355

“

9040 1 1276 “9041 1 1922 “9043 1 2097 “9045 361 2095 “9047 1 1081 “

9047A 2021 3032 “9049

9049A9049C9049B

4167231602001

673180036302160

“

9049A 1621 1865 ““

B. Acquired by: Prakla Seismos of Norway

Area: Pedro Bank

Lines: FSP: LSP: Filtered Stack

G78-001 1 1269 “G78-002 1 1296 “G78-003 1 1280 “G78-004 1 1274 “G78-005 1 1272 “G78-006 1 1273 “G78-007 1 1275 “G78-008 1 255 “G78-009 1 470 “G78-010 9 1276 “G78-011 1 1274 “G78-012 1 1273 “G78-013 1 500 “G78-013 501 1858 “G78-014 1 1862 “G78-014 1863 2463 “G78-015 1 1679 “G78-015 1680 2460 “G78-016 1 1175 “G78-016 1176 2460 “G78-017 1 1200 “G78-017 1201 2452 “

24

G78-018 1 1177 “G78-018 1178 2458 “G78-019 1 1578 “G78-019 1579 2457 “G78-020 1 1679 “G78-020 1680 3195 “G78-020 3196 4257 “G78-021 1 800 “G78-021 801 2452 “G78-021 2453 3600 “G78-021 3601 4253 “G78-022 1 1204 “G78-022 1205 2909 “G78-022 2910 4254 “G78-023 1 733 “G78-023 621 966 “G78-023 967 2650 “G78-023 2651 4250 “G78-024 1 1653 “G78-024 1654 2688 “G78-024 2689 4250 “G78-025 1 1195 “G78-025 1196 2450 “G78-025 2451 4250 “

2348 4250 “G78-026 1 1652 “G78-026 1653 3230 “G78-026 3231 4247 “G78-027 1 1384 “G78-027 1385 3126 “G78-027 3127 4248 “G78-028 1 1652 “G78-028 1653 3481 “G78-028 3416 4240 “G78-029 1 1008 “G78-029 1009 2241 “G78-029 2176 3323 “G78-029 3324 4101 “G78-030 1 840 “G78-030 776 1775 “G78-030 1776 2545 “G78-030 2546 4244 “G78-031 1 1378 “G78-031 1379 3120 “

25

G78-031 3121 4242 “G78-101 1 1449 “G78-101 1450 2600 “G78-101 2536 3682 “G78-101 3683 5100 “G78-101 5038 5833 “G78-101 5834 7227 “G78-102 1 803 “G78-102 804 2099 “G78-102 2100 3759 “G78-102 3796 5278 “G78-102 5279 5854 “G78-102 5855 7500 “G78-103 1 1515 “G78-103 1517 3195 “G78-103 3196 4450 “G78-103 4300 6174 “G78-104 10 1604 “G78-104 1605 2660 “G78-104 2661 4402 “G78-104 4403 6057 “G78-104 6058 7215 “G78-105 1 1679 “G78-105 1680 3600 “G78-105 3601 4787 “G78-105 4788 6071 “G78-105 6072 7223 “G78-106 1 1680 “G78-106 1681 3649 “G78-107 1 1652 “G78-107 1653 2429 “G78-107 2364 3398 “G78-107 3336 3347 “G78-108 1 569 “G78-108 570 2224 “G78-108 2225 3648 “G78-109 1 808 “G78-109 809 2175 “G78-109 2176 3649 “G78-110 1 1652 “G78-110 1653 2261 “G78-111 1 1476 “G78-111 1477 2259 “G78-112 1 1566 “

26

G78-112 1567 2260 “G78-113 1 1154 “G78-113 1155 2259 “G78-114 1 715 “G78-114 716 2258 “G78-115 1 1160 “G78-115 1161 2259 “G78-201 1 568 “G78-202 1 540 “G78-203 1 1652 “G78-203 1653 2576 “G78-203 2577 4000 “G78-204 1 405 “G78-205 1 550 “G78-206 1 640 “G78-211 1 749 “G78-212 1 1063 “

C. Acquired by: CGG for UTP

Area: Pedro Bank

Lines: FSP: LSP: Wave Equation Migration

UTJ-80-1 1 1712 “UTJ-80-2 1 1704 “UTJ-80-3 1 1696 “UTJ-80-4 1 1728 “UTJ-80-5 1 968 “UTJ-80-6 1 2600 “UTJ-80-7 1 2608 “UTJ-80-8 1 2612 “UTJ-80-9 1 846 “UTJ-80-9/2 728 2612 “UTJ-80-10 1 2604 “UTJ-80-11 1 1548 “UTJ-80-12 1 1464 “UTJ-80-13 1 1088 “UTJ-80-14 1 1072 “UTJ-80-15 1 1064 “UTJ-80-16 1 1072 “UTJ-80-17 1 1284 “

27

UTJ-80-18 1 1288 “UTJ-80-19 1 2640 “UTJ-80-20 1 2640 “UTJ-80-21 1 2652 “UTJ-80-22 1 1144 “UTJ-80-23 3 1156 “UTJ-80-24 1 1148 “

D. Acquired by: Geophysical Service Inc

Area: South Coast

Lines: FSP: LSP: Scaled Stack

JA82-1 101 1917 “JA82-2 101 4417 “JA82-3 101 2371 “JA82-4 101 2510 “JA82-4A 2583 4706 “JA82-5 101 222 “JA82-5A 407 1014 “JA82-6 101 4305 “JA82-7 101 913 “JA82-8 101 4365 “JA82-9 101 2412 “JA82-10 101 1197 “JA82-11 101 1157 “JA82-12 101 4325 “JA82-13 101 1228 “JA82-14 101 1036 “JA82-15 101 2445 “JA82-15A 2530 3085 “JA82-16 101 4417 “JA82-17 101 1073 “JA82-18 101 1320 “JA82-19 101 1675 “JA82-20 101 573 “JA82-20A 627 979 “JA82-21 101 3022 “JA82-21A 3044 4000 “JA82-22 101 3701 “JA82-23 101 1578 “JA82-24 101 237 “

28

JA82-24A 262 1126 “JA82-25 101 1380 “JA82-26 101 657 “JA82-27 101 2490 “JA82-27A 2491 3677 “JA82-27B 3678 4562 “JA82-28 101 3538 “JA82-29 101 1271 “JA82-29A 1272 1852 “JA82-30 101 859 “JA82-31 101 979 “JA82-31A 980 2849 “JA82-32 101 794 “JA82-33 101 3873 “JA82-33A 3874 7173 “JA82-34 101 3045 “JA82-35 101 2116 “JA82-35A 2117 3167 “JA82-36 101 836 “JA82-37 101 3437 “JA82-37A 3438 7019 “JA82-38 101 253 “JA82-38A 329 865 “JA82-38B 912 1198 “JA82-39 101 2827 “JA82-40 101 3159 “JA82-41 101 2426 “JA82-42A 234 1460 “JA82-43 101 3717 “JA82-43A 3718 4918 “JA82-43B 5179 7574 “JA82-44 101 1161 “JA82-45 101 678 “JA82-46 101 2542 “JA82-47 101 677 “JA82-48 101 901 “JA82-49 101 3624 “JA82-49B 6358 7254 “JA82-50 101 782 “JA82-51 101 3577 “JA82-51A 3558 7044 “JA82-52 101 2414 “JA82-53 101 3667 “JA82-53A 3668 7013 “

29

JA82-54 101 851 “JA82-56 101 864 “JA82-57 101 726 “JA82-58 101 2093 “JA82-60 101 956 “JA82-61 101 894 “JA82-62 101 894 “JA82-64 101 2129 “JA82-66 371 1174 “JA82-66A 371 1174 “JA82-68 101 850 “JA82-70 101 2121 “JA82-72 101 673 “JA82-74 101 830 “JA82-76 101 2006 “JA82-78 101 758 “JA82-80 101 840 “JA82-80A 841 983 “JA82-82 101 949 “JA82-82A 950 2481 “JA82-84 101 1057 “JA82-86 101 1451 “JA82-88 101 2687 “JA82-90 101 1439 “JA82-92 101 1681 “JA82-94 101 2734 “

NB: No migration was undertaken.

30

5. WELL DATABASE - These data will only be provided under a Confidentiality Agreement.

Negril Spots-1 (1955)

Santa Cruz-1 (1956)

Cockpit-1 (1957)

West Negril-1 (1957)

Pedro Bank-1 (1970)

Portland Ridge-1 (1971)

Content-1 (1972)

Hertford-1 (1981)

Arawak-1 (1982)

Windsor-1 (1982)

Retrieve-1 (1982)

Core Holes:

Windsor-1

Ecclesdown-1

Blowfire Hill-1

The following data for each of the specified wells, where available, will be included:

* Gamma Ray Logs * Caliper Logs* Resistivity Logs * Neutron Density Logs* Sonic Logs * Composite Well Logs* Mud Logs * Final Well Reports

31

4. SCANNED PCJ LIBRARY REPORTS DATABASE

Some of these reports will only be provided under a Confidentiality Agreement.

Available publications:

Briard V.E., 1980. Interpretation of Gravity and Magnetic Data, Jamaica Island, Tidelands Geophysical Co. Inc.

Bujak J., 1985. Lithofacies and Reservoir Potential of the Mid Maastrichtian - Mid Eocene Section of Western and Central Jamaica. Volume V Palynological and Kerogen Analyses of Late Cretaceous and Palaeogene Samples in Jamaica. Prepared for the Petroleum Corporation of Jamaica by the Petro-Canada International Assistance Corporation.

Department of Surveys. 1972. Jamaica – Topography 1:250,000. Jamaica Government, Kingston.

Eureka Resource Associates, I., 1983. Final Report Describing the Production of Bathymetric, Aeromagnetic, Gravity and Depth to Basement Magnetic Maps. RockwellSeismic Oil Search Inc., Berkley, USA.

Exploration Division, PCJ, undated. Geological Prospect Report. Hertford –Westmoreland, Jamaica. Petroleum Corporation of Jamaica, pp. 56.

Exploration Division, PCJ, undated. Windsor #1 Petroleum Corporation of Jamaica Well History. (Daily reports).

Exploration Division, PCJ, 1982a. Petroleum Exploration Onshore Jamaica. Review for Inter-American Development Bank. Petroleum Corporation of Jamaica.

Exploration Division, PCJ, 1982b. Well Completion Report - Windsor #1. Petroleum Corporation of Jamaica.

Exploration Division, PCJ, 1983. Composite Master Log Windsor-1. Petroleum Corporation of Jamaica.

Geodetic Surveys Company, I., 1981. Final Report for Union Texas on Satellite Translocation - Jamaica.

Harriman W.B., 1983. Petroleum potential of Jamaican territory. Petroleum Corporation of Jamaica, 9/8/83.

32

Homerton Well Log Consultant, 1957. Electric Log Analysis. Jamaica-1 Negril Spot, Westmoreland, Jamaica. Base Metals Mining Corporation.

Hopkins J.C. and S.R. Storey, 1985. Lithofacies and Reservoir Potential of the Mid Maastrichtian - Mid Eocene Section of Western and Central Jamaica. Volume IV Petrography and Reservoir Potential of the Yellow Limestone Group of Jamaica. Prepared for the Petroleum Corporation of Jamaica by the Petro-Canada International Assistance Corporation.

Horizon Exploration (International) Ltd., 1979. Field Report on a Seismic Reflection Survey Conducted in the Savanna La Mar and North Coast Areas Jamaica.

Howell E.A., 1979. An interpretation of the gravity and magnetic data over Pedro Bank, offshore Jamaica. Prepared for the Petroleum Corporation of Jamaica by Exploration Consultants Ltd., Marlow, England.

Hunter V. and M.M. Page, 1980. Geochemical and Biostratigraphic Analysis of Selected Samples. Prepared for the Petroleum Corporation of Jamaica by Robertson Research (U.S.) Inc., Report Number 02, 15/7/80.

IKU, undated. Geochemical Source Rock Study prepared for the Petroleum Corporation of Jamaica.

IKU, 1982. Source Rock Analysis of the Windsor No. 1 Well prepared for the Petroleum Corporation of Jamaica, 29/9/82.

Jamaican Stanolind, 1956. Geology of the St. Ann's Bay Inlier.

Johnson R.D., 1962. Jamaica. A Consideration of Petroleum Possibilities, April 1962.

Kirby Petroleum Company, 1973. Final Report on Wildcat Well Content No.1.

Koester E.A., 1960. Oil and Gas Possibilities of Jamaica. Jamaica-Time Petroleum, Inc., 1/3/60.

Krieg E.A., 1983. Petroleum Potential West Central Pedro Bank Area Jamaica. Prepared for the Petroleum Corporation of Jamaica by Edward Krieg, Inc, pp. iii+30.

Lomando A.J., 1982. Petrology and depositional environments from selected intervals of the Arawak No. 1 well, Pedro Bank, Jamaica. Union Texas.

Meloche J.D., 1985. Lithofacies and Reservoir Potential of the Mid Maastrichtian - Mid Eocene Section of Western and Central Jamaica. Volume 1 Summary Report. Prepared

33

for the Petroleum Corporation of Jamaica by the Petro-Canada International Assistance Corporation.

Meyerhoff A.A. and E.A. Krieg, 1977. Petroleum Potential of Jamaica. Ministry of Mining and Natural Resources, pp. 131 plus a map box.Occidental / Signal. Pedro Bank #1 Cuttings & Core Record, 1970.

O'Neal M. V., 1984. A Petrographic Investigation of the Windsor Formation St. Ann's Basin: Implications Concerning the Cretaceous Tectonic History of Northern Jamaica. Unpublished MSc thesis, University of Oklahoma, Norman, Oklahoma, USA.

Patterson, Grant & Watson Ltd., 1987. Report on gravity survey, Montego Bay -Discovery Bay area, Jamaica. Unpublished report for the Petroleum Corporation of Jamaica, pp. 24 plus appendices.

Patterson, Grant & Watson Ltd., 1992. Pole-reduced Total Magnetic Field. 1:250,000 scale map for CIDA Metallic Mineral Project 504.

Pegrum, R.M., 1979. Interpretation Report Offshore Jamaica: Pedro Bank, Montego Bay and Negril. Prepared for the Petroleum Corporation of Jamaica by Exploration Consultants Ltd., Marlow, England, January 1979.

Petersen N.F., 1982. St. Ann Seep / Great River Seep. Submitted to the Petroleum Corporation of Jamaica by Superior Oil.

Petroleum Corporation of Jamaica, 1984. Presentation of Oil Exploration Opportunities in Jamaica, Houston, 24/1/984.

Petro-Canada International Assistance Corporation. 1985. Geophysical Survey. Final Report Jamaica. Prepared for the Petroleum Corporation of Jamaica.

Phoenix Corporation, 1985. Interpretation of a Magnetic Survey of the Island of Jamaica. Unpublished report for the Petroleum Corporation of Jamaica, pp. 19.

Poulton D.G., 1982. Well completion report Marchmont Corehole #1 Bruce Hall, St. James, Jamaica. Petroleum Corporation of Jamaica.

Poulton D.G, 1984a. Ecclesdown Corehole No. 1. Petroleum Corporation of Jamaica.

Poulton D.G, 1984b. Well Completion Report Ecclesdown Corehole #1. Petroleum Corporation of Jamaica.

Poulton D.G, 1984c. Structural evaluation of the Blowfire Hill area. Petroleum Corporation of Jamaica.

34

Robinson E., 1976. Lignite in Jamaica. Ministry of Mining and Natural Resources, Mines and Geology Division, April 1976.

Robinson E., 1982. Biostratigraphy and Geochemistry of the Arawak-1 Well, Offshore Jamaica. Robertson Research (U.S.) Inc. Report Number 613, 28/5/04.

Robinson E., W.G. Dow, M.-J. Jiang and J.E. Keal. 1982. Petroleum Potential of the Cretaceous Onshore Section, Jamaica. Prepared for the Petroleum Corporation of Jamaica by Robertson Research (U.S.) Inc., Report Number 823/62, 24/11/82.

Roomes D. and F. Gillings, 1983. Report on the petroleum potential East Montego Bay prospect – Jamaica. Petroleum Corporation of Jamaica.

Roomes D.D. and W. Scott, 1985. An Interpretation of the Depositional Environments of Sediments Encountered in the Retrieve#1 well, Westmoreland, Jamaica. Petroleum Corporation of Jamaica.

Schiener E.J., 1977. Appraisal of Potential Hydrocarbon Source Lithologies: Principles -Methods - Results. Energy Planning Programme. Subprogramme II - Petroleum Technical Supplement. Prepared for the Petroleum Corporation of Jamaica by the UNDP, pp. 45.

Schlumberger (Bill Bancroft), 1981. Hertford No. 1 Physical Formation Log. Petroleum Corporation of Jamaica, 11/81.

Schlumberger (Bill Bancroft), 1982a. Windsor No.1 Physical Formation Log. Petroleum Corporation of Jamaica, 2-6/82.

Schlumberger (Bill Bancroft), 1982b. Retrieve No. 1 Physical Formation Log. Petroleum Corporation of Jamaica, 9/82.

Schlumberger, 1982c. Show Report Retrieve-1.

Scott W, 1983. Oil and Gas Prospects of Jamaica. Section 3: Onshore Prospects. Chapter 3: Stratigraphy and Petroleum Potential of the Richmond Formation in the Rio Grande Valley, Jamaica. Prepared for the Petroleum Corporation of Jamaica by Petrel Consultants Ltd.

Scott W., 1986. Synthesis of the Cockpit No. 1 Well. Petroleum Corporation of Jamaica, 3/86. 1680. Exploration Consultants Ltd.

Scott W. and D. Roomes, 1982. Well Completion Report. Windsor Corehole #1. Windsor, St. Ann Jamaica. Petroleum Corporation of Jamaica.

35

Sefel Geophysical Ltd., 1983. Final Report prepared for the Petroleum Corporation of Jamaica.

Soulsby A., 1982. Interpretation of Seismic Data Onshore Jamaica: Savanna La Mar, Montego Bay, St. Anne's Bay, Annotto Bay. Prepared for the Petroleum Corporation of Jamaica by Exploration Consultants Ltd., Marlow, England.

Superior Oil. 1982. Evolution of Organic Matter Content No. 1, S.W. Jamaica, 8/3/82. Submitted to the Petroleum Corporation of Jamaica.

Tidelands Geophysical Co., 1980. Report on Gravity/Magnetic Survey, Petroleum Corporation of Jamaica, Kingston.

van der Eem J., H. Jansen and J. Verdenius, 1987. Reinterpretation of Biostratigraphic and Palaeoenvironmental Results of Exploration Wells: Hertford #1, Retrieve #1 and Windsor #1. Prepared for the Petroleum Corporation of Jamaica by Research and Services BV, 10/3/87.

Verdenius J.G., 1982. PCJ Windsor No 1 Biostratigraphy. Prepared for the Petroleum Corporation of Jamaica by the IKU.

Wilmot-Simpson W., 1984. Blowfire Hill Core Hole No. 1. Petroleum Corporation of Jamaica.

Zans V.A., undated. Comments on Base Metals No. 1 Well at Negril Spot, Westmoreland.

36

OPTIONAL PURCHASES

1. NEWLY ACQUIRED SEISMIC DATA (6,118 line kms) - CGGVeritas data When purchased, the CGGVeritas multiclient data may be taken intoconsideration as credit towards work obligations.

For information on the purchase of the multiclient seismic data, contact:

Jean-Paul BaronTel # 1-832-351-8675

Email : jean-paul.baron@cggveritas.com

Melissa PayneTel# 1-832-351-8153

Email : melissa.payne@cggveritas.com

37

Line Listing:

38

39

2. MORANT BASIN PCIA SURVEY 1,074 line kms—US$7,500

40

41

42

43

44