Client : BASS STRAIT OIL COMPANY

Well    : MOBY-1

Log Calibration, Synthetic Seismogram and Zero Offset VSP Report
Date : January 2005

                             
Interpretations, research analysis, recommendations, advice or interpretational data ("Interpretations and /or Recommendations") furnished by VSFusion hereunder are opinions based upon interfaces from measurements, empirical relationships and assumptions, and industry practice, which inferences, assumptions and practices are not infallible, and with respect to which professional geologists, engineers, drilling consultants and analysts may differ. Accordingly, VSFusion does not warrant the accuracy, correctness or completeness of any such Interpretations and/or Recommendations, or that CUSTOMER'S reliance or any third party's reliance on such Interpretations and/or Recommendations will accomplish any particular results. CUSTOMER assumes full responsibility for the use of such Interpretations and/or Recommendations and for all decisions based thereon (including without limitation decisions based on any oil and gas evaluations, production forecasts and reserve estimates, furnished by VSFusion to CUSTOMER hereunder), and CUSTOMER hereby agrees to release, defend and indemnify VSFusion from any Claims arising out of the use of such Interpretations and/or Recommendations.
   
Contacts www.vsfusion.com Disclaimer