Norwegian Open Acreage Prospect Screening Report 2006

This report is compiled during March 2006. The purpose of this report is to give an overview of the lead and prospect potential as Anergy Ltd sees it in open areas. The report is meant as screening report only, and not to be treated as final geological evaluation for presented areas. Report has taken material from various studies, and therefore terms and presentation form of various leads/ prospects and play models will vary throughout the report. Anergy Ltd has not covered all prospectivity to be found in areas, as more prospectivity is to be found within licensed areas as well as areas not covered within APA 2006. However in some areas Anergy Ltd has made some comments and mention such prospectivity where it is judged to be of strategic importance. The report encompasses the following areas; Barents Sea Mid Norway North Sea