Conoil Producing Limited Information

Conoil Producing Limited is an integrated upstream oil and gas company, with over 100 employees. We are the operator of six blocks in the Niger Delta as well as 25% Equity holder in the Joint Development Zone (JDZ) Block 4. Our latest assets acquisition, (OPL's 290), on 11th of October 2008, was acquired under a Production Sharing Contract, which was signed with the Nigerian National Petroleum Corporation (NNPC). Conoil signed a technical operator agreement with Continental Oil and Gas Limited (CONOG) to provide 100% funding and technical service agreement to operate blocks OML 59 on a 40% (Conoil) / 60% (CONOG) basis. As a company, we have entered into a Production Sharing Contract with the NNPC by virtue of an agreement executed on 17th October 2008. Our overall potential hydrocarbon resources of over 1.0 Billion Barrels of Oil and 7.0 Trillion Cubic Feet of Gas, helps position us in Africa as the flagship of the independent oil and gas companies. TOTAL farmed in for a 40% participating interest in OML 136 and OPL 257 on 17th May, 2007 and 17th October, 2006 respectively. We are proud to call ourselves the leading indigenous oil and gas exploration and production company in Africa.