SCHLUMBERGER Survey report 6-Jan-2009 04:08:59 Page 1 of 5 Client...................: Beach Petroleum Field....................: Fermat Well.....................: Fermat-1 Spud date................: 14-Dec-08 API number...............: 08ASQ0034 Last survey date.........: 06-Jan-09 Engineer.................: Joshua Seevaratnam Total accepted surveys...: 97 MD of first survey.......: 0.00 m Rig:.....................: West Triton MD of last survey........: 3406.76 m STATE:...................: VIC ----- Survey calculation methods------------- ----- Geomagnetic data ---------------------- Method for positions.....: Minimum curvature Magnetic model...........: BGGM version 2008 Method for DLS...........: Mason & Taylor Magnetic date............: 15-Dec-2008 Magnetic field strength..: 1214.44 HCNT ----- Depth reference ----------------------- Magnetic dec (+E/W-).....: 9.87 degrees Permanent datum..........: Mean Sea Level Magnetic dip.............: -69.62 degrees Depth reference..........: Driller's Depth GL above permanent.......: -38.70 m ----- MWD survey Reference Criteria --------- KB above permanent.......: 38.00 m Reference G..............: 1000.02 mGal DF above permanent.......: 38.00 m Reference H..............: 1214.44 HCNT Reference Dip............: -69.62 degrees ----- Vertical section origin---------------- Tolerance of G...........: (+/-) 2.50 mGal Latitude (+N/S-).........: 0.00 m Tolerance of H...........: (+/-) 6.00 HCNT Departure (+E/W-)........: 0.00 m Tolerance of Dip.........: (+/-) 0.45 degrees ----- Platform reference point--------------- ----- Corrections --------------------------- Latitude (+N/S-).........: 0.00 m Magnetic dec (+E/W-).....: 9.87 degrees Departure (+E/W-)........: 0.00 m Grid convergence (+E/W-).: -0.03 degrees Total az corr (+E/W-)....: 9.90 degrees Azimuth from Vsect Origin to target: 0.00 degrees (Total az corr = magnetic dec - grid conv) Survey Correction Type ...: I=Sag Corrected Inclination M=Schlumberger Magnetic Correction S=Shell Magnetic Correction F=Failed Axis Correction R=Magnetic Resonance Tool Correction D=Dmag Magnetic Correction [(c)2009 IDEAL ID13_0C_14] SCHLUMBERGER Survey Report 6-Jan-2009 04:08:59 Page 2 of 5 === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== Seq Measured Incl Azimuth Course TVD Vertical Displ Displ Total At DLS Srvy Tool # depth angle angle length depth section +N/S- +E/W- displ Azim (deg/ tool Corr - (m) (deg) (deg) (m) (m) (m) (m) (m) (m) (deg) 100f) type (deg) === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== 1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TIP None 2 167.75 1.24 1.78 167.75 167.74 1.81 1.81 0.06 1.82 1.78 0.23 PUP None 3 197.16 0.28 58.77 29.41 197.14 2.17 2.17 0.13 2.17 3.37 1.15 PUP None 4 256.53 0.60 153.30 59.37 256.51 1.97 1.97 0.39 2.01 11.25 0.35 PUP None 5 286.11 2.77 188.85 29.58 286.08 1.12 1.12 0.35 1.18 17.37 2.38 PUP None 6 315.55 1.66 227.88 29.44 315.50 0.13 0.13 -0.07 0.15 330.76 1.88 PUP None 7 345.27 0.27 15.10 29.72 345.21 -0.09 -0.09 -0.38 0.39 256.86 1.94 PUP None 8 374.62 0.25 25.51 29.35 374.56 0.04 0.04 -0.33 0.33 276.37 0.05 PUP None 9 404.16 1.88 211.90 29.54 404.10 -0.32 -0.32 -0.56 0.64 240.47 2.20 PUP None 10 463.95 0.32 269.03 59.79 463.88 -1.15 -1.15 -1.24 1.70 227.20 0.88 PUP None 11 493.39 0.43 249.60 29.44 493.32 -1.19 -1.19 -1.43 1.86 230.18 0.17 PUP None 12 523.07 0.44 347.74 29.68 523.00 -1.12 -1.12 -1.56 1.92 234.31 0.68 PUP None 13 552.74 0.22 270.06 29.67 552.67 -1.01 -1.01 -1.64 1.92 238.42 0.46 PUP None 14 582.42 0.09 59.69 29.68 582.35 -1.00 -1.00 -1.68 1.95 239.28 0.31 PUP None 15 611.99 0.51 339.54 29.57 611.92 -0.86 -0.86 -1.70 1.91 243.17 0.52 PUP None 16 641.40 0.19 327.69 29.41 641.32 -0.70 -0.70 -1.77 1.91 248.54 0.34 PUP None 17 670.88 0.49 288.55 29.48 670.80 -0.62 -0.62 -1.92 2.02 252.21 0.38 PUP None 18 700.49 0.33 247.43 29.61 700.41 -0.61 -0.61 -2.12 2.20 253.98 0.33 PUP None 19 729.55 0.46 275.90 29.06 729.47 -0.63 -0.63 -2.31 2.40 254.79 0.24 PUP None 20 759.18 0.36 241.87 29.63 759.10 -0.66 -0.66 -2.51 2.60 255.28 0.27 PUP None 21 788.76 0.65 163.00 29.58 788.68 -0.86 -0.86 -2.54 2.69 251.24 0.70 PUP None 22 818.32 0.12 122.27 29.56 818.24 -1.04 -1.04 -2.47 2.68 247.14 0.58 PUP None 23 848.13 0.24 67.63 29.81 848.05 -1.03 -1.03 -2.39 2.60 246.57 0.20 PUP None 24 877.69 0.50 112.18 29.56 877.61 -1.06 -1.06 -2.21 2.45 244.38 0.38 PUP None 25 906.92 0.33 214.11 29.23 906.84 -1.18 -1.18 -2.14 2.44 241.17 0.68 PUP None 26 936.44 1.52 212.18 29.52 936.35 -1.58 -1.58 -2.39 2.87 236.60 1.23 PUP None 27 966.55 2.74 216.55 30.11 966.44 -2.49 -2.49 -3.04 3.93 230.58 1.24 PUP None 28 990.90 2.28 226.38 24.35 990.77 -3.30 -3.30 -3.73 4.98 228.55 0.79 PUP None 29 1023.76 2.63 224.84 32.86 1023.60 -4.28 -4.28 -4.74 6.39 227.89 0.33 PUP None 30 1053.62 2.63 224.67 29.86 1053.43 -5.26 -5.26 -5.70 7.75 227.34 0.01 PUP None [(c)2009 IDEAL ID13_0C_14] SCHLUMBERGER Survey Report 6-Jan-2009 04:08:59 Page 3 of 5 === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== Seq Measured Incl Azimuth Course TVD Vertical Displ Displ Total At DLS Srvy Tool # depth angle angle length depth section +N/S- +E/W- displ Azim (deg/ tool Corr - (m) (deg) (deg) (m) (m) (m) (m) (m) (m) (deg) 100f) type (deg) === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== 31 1083.09 2.60 225.86 29.47 1082.87 -6.20 -6.20 -6.66 9.10 227.03 0.06 PUP None 32 1112.27 2.75 224.69 29.18 1112.02 -7.16 -7.16 -7.62 10.46 226.80 0.17 PUP None 33 1141.71 2.61 223.95 29.44 1141.42 -8.14 -8.14 -8.59 11.83 226.51 0.15 PUP None 34 1171.39 2.66 223.44 29.68 1171.07 -9.13 -9.13 -9.53 13.20 226.22 0.06 PUP None 35 1200.78 2.64 223.80 29.39 1200.43 -10.12 -10.12 -10.47 14.56 225.98 0.03 PUP None 36 1230.79 2.72 225.15 30.01 1230.41 -11.12 -11.12 -11.45 15.96 225.85 0.10 PUP None 37 1288.88 2.77 225.56 58.09 1288.43 -13.07 -13.07 -13.43 18.74 225.77 0.03 PUP None 38 1318.86 2.69 226.89 29.98 1318.38 -14.06 -14.06 -14.46 20.17 225.81 0.10 PUP None 39 1407.48 2.91 229.04 88.62 1406.89 -16.95 -16.95 -17.68 24.49 226.19 0.08 PUP None 40 1436.37 2.94 228.54 28.89 1435.74 -17.93 -17.93 -18.79 25.97 226.34 0.04 PUP None 41 1465.90 3.02 227.97 29.53 1465.23 -18.95 -18.95 -19.93 27.50 226.45 0.09 PUP None 42 1495.44 3.02 228.27 29.54 1494.73 -19.99 -19.99 -21.09 29.06 226.54 0.02 PUP None 43 1525.13 3.06 228.31 29.69 1524.38 -21.03 -21.03 -22.27 30.63 226.63 0.04 PUP None 44 1554.71 3.12 227.55 29.58 1553.92 -22.10 -22.10 -23.45 32.22 226.69 0.07 PUP None 45 1584.40 3.16 227.33 29.69 1583.56 -23.20 -23.20 -24.65 33.85 226.73 0.04 PUP None 46 1614.18 3.15 227.26 29.78 1613.30 -24.31 -24.31 -25.85 35.49 226.75 0.01 PUP None 47 1643.45 3.22 227.15 29.27 1642.52 -25.42 -25.42 -27.04 37.12 226.77 0.07 PUP None 48 1732.53 3.23 229.06 89.08 1731.46 -28.77 -28.77 -30.77 42.12 226.93 0.04 PUP None 49 1761.71 3.31 229.32 29.18 1760.59 -29.85 -29.85 -32.03 43.79 227.02 0.08 PUP None 50 1791.33 3.27 229.40 29.62 1790.17 -30.96 -30.96 -33.32 45.49 227.11 0.04 PUP None 51 1820.98 3.35 229.44 29.65 1819.77 -32.07 -32.07 -34.62 47.20 227.19 0.08 PUP None 52 1880.19 3.46 227.97 59.21 1878.87 -34.40 -34.40 -37.27 50.71 227.29 0.07 PUP None 53 1939.47 3.51 227.37 59.28 1938.04 -36.82 -36.82 -39.93 54.32 227.32 0.03 PUP None 54 2028.16 3.39 229.51 88.69 2026.57 -40.36 -40.36 -43.92 59.65 227.42 0.06 PUP None 55 2057.35 3.37 231.70 29.19 2055.71 -41.46 -41.46 -45.25 61.37 227.51 0.14 PUP None 56 2086.92 3.34 227.82 29.57 2085.23 -42.57 -42.57 -46.57 63.10 227.57 0.24 PUP None 57 2116.75 3.44 227.04 29.83 2115.01 -43.77 -43.77 -47.87 64.86 227.56 0.11 PUP None 58 2146.40 3.29 227.47 29.65 2144.61 -44.95 -44.95 -49.15 66.60 227.56 0.16 PUP None 59 2175.52 3.42 228.06 29.12 2173.68 -46.09 -46.09 -50.41 68.31 227.56 0.14 PUP None 60 2235.00 3.46 227.38 59.48 2233.05 -48.49 -48.49 -53.05 71.87 227.57 0.03 PUP None [(c)2009 IDEAL ID13_0C_14] SCHLUMBERGER Survey Report 6-Jan-2009 04:08:59 Page 4 of 5 === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== Seq Measured Incl Azimuth Course TVD Vertical Displ Displ Total At DLS Srvy Tool # depth angle angle length depth section +N/S- +E/W- displ Azim (deg/ tool Corr - (m) (deg) (deg) (m) (m) (m) (m) (m) (m) (deg) 100f) type (deg) === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== 61 2264.44 3.46 226.56 29.44 2262.44 -49.71 -49.71 -54.35 73.65 227.56 0.05 PUP None 62 2323.60 3.26 226.76 59.16 2321.49 -52.09 -52.09 -56.87 77.12 227.51 0.10 PUP None 63 2382.70 3.36 228.47 59.10 2380.49 -54.39 -54.39 -59.39 80.53 227.52 0.07 PUP None 64 2412.00 2.64 231.24 29.30 2409.75 -55.38 -55.38 -60.56 82.06 227.56 0.76 MWD_M None 65 2441.90 1.53 213.40 29.90 2439.63 -56.14 -56.14 -61.32 83.14 227.52 1.30 MWD_M None 66 2471.60 0.60 128.24 29.70 2469.33 -56.57 -56.57 -61.41 83.50 227.35 1.64 MWD_M None 67 2500.84 1.41 69.21 29.24 2498.57 -56.54 -56.54 -60.96 83.14 227.15 1.27 MWD_M None 68 2530.68 2.34 71.20 29.84 2528.39 -56.21 -56.21 -60.04 82.24 226.89 0.95 MWD_M None 69 2559.85 2.34 72.69 29.17 2557.54 -55.84 -55.84 -58.90 81.17 226.53 0.06 MWD_M None 70 2589.92 2.25 73.44 30.07 2587.58 -55.49 -55.49 -57.75 80.09 226.15 0.10 MWD_M None 71 2648.85 2.04 82.16 58.93 2646.47 -55.02 -55.02 -55.60 78.22 225.30 0.20 MWD_M None 72 2678.97 2.05 86.30 30.12 2676.57 -54.91 -54.91 -54.54 77.39 224.81 0.15 MWD_M None 73 2708.38 2.63 86.65 29.41 2705.96 -54.84 -54.84 -53.34 76.50 224.21 0.60 MWD_M None 74 2737.95 2.75 86.68 29.57 2735.49 -54.75 -54.75 -51.95 75.48 223.50 0.12 MWD_M None 75 2767.46 3.28 73.47 29.51 2764.96 -54.47 -54.47 -50.44 74.24 222.80 0.90 MWD_M None 76 2783.95 3.22 72.34 16.49 2781.43 -54.20 -54.20 -49.54 73.43 222.43 0.16 MWD_M None 77 2816.25 3.18 78.94 32.30 2813.68 -53.75 -53.75 -47.80 71.93 221.65 0.35 PUP None 78 2845.87 3.21 82.42 29.62 2843.25 -53.48 -53.48 -46.17 70.66 220.80 0.20 PUP None 79 2875.23 3.12 85.48 29.36 2872.57 -53.31 -53.31 -44.56 69.48 219.89 0.20 PUP None 80 2904.72 3.04 88.56 29.49 2902.01 -53.23 -53.23 -42.98 68.41 218.92 0.19 PUP None 81 2934.24 2.89 94.43 29.52 2931.49 -53.27 -53.27 -41.45 67.50 217.89 0.35 PUP None 82 2963.69 2.77 103.77 29.45 2960.91 -53.49 -53.49 -40.02 66.81 216.80 0.49 PUP None 83 2992.79 2.65 116.56 29.10 2989.98 -53.96 -53.96 -38.74 66.43 215.67 0.64 PUP None 84 3022.28 2.80 118.01 29.49 3019.43 -54.61 -54.61 -37.49 66.24 214.47 0.17 PUP None 85 3051.99 2.87 121.90 29.71 3049.11 -55.34 -55.34 -36.22 66.14 213.20 0.21 PUP None 86 3081.57 2.92 130.18 29.58 3078.65 -56.22 -56.22 -35.01 66.23 211.92 0.43 PUP None 87 3111.25 3.10 139.57 29.68 3108.29 -57.32 -57.32 -33.92 66.60 210.62 0.54 PUP None 88 3140.79 3.39 147.97 29.54 3137.78 -58.66 -58.66 -32.94 67.28 209.31 0.57 PUP None 89 3170.28 3.47 152.03 29.49 3167.22 -60.19 -60.19 -32.05 68.19 208.04 0.26 PUP None 90 3199.75 3.55 146.04 29.47 3196.63 -61.74 -61.74 -31.13 69.14 206.76 0.39 PUP None [(c)2009 IDEAL ID13_0C_14] SCHLUMBERGER Survey Report 6-Jan-2009 04:08:59 Page 5 of 5 === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== Seq Measured Incl Azimuth Course TVD Vertical Displ Displ Total At DLS Srvy Tool # depth angle angle length depth section +N/S- +E/W- displ Azim (deg/ tool Corr - (m) (deg) (deg) (m) (m) (m) (m) (m) (m) (deg) 100f) type (deg) === ======== ====== ======= ====== ======== ======== ================ =============== ===== ===== ====== 91 3229.40 3.69 145.49 29.65 3226.22 -63.28 -63.28 -30.07 70.07 205.42 0.15 PUP None 92 3259.28 3.79 146.43 29.88 3256.04 -64.90 -64.90 -28.98 71.08 204.06 0.12 PUP None 93 3288.90 3.91 148.34 29.62 3285.59 -66.57 -66.57 -27.91 72.19 202.75 0.18 PUP None 94 3318.10 4.02 150.54 29.20 3314.72 -68.31 -68.31 -26.89 73.41 201.48 0.20 PUP None 95 3347.40 4.21 152.14 29.30 3343.95 -70.16 -70.16 -25.88 74.78 200.25 0.23 PUP None 96 3376.97 4.39 156.43 29.57 3373.43 -72.15 -72.15 -24.92 76.34 199.05 0.38 PUP None 97 3406.76 4.66 160.95 29.79 3403.13 -74.34 -74.34 -24.07 78.14 197.94 0.46 PUP None [(c)2009 IDEAL ID13_0C_14]