Undisclosed

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Description

IndigoPool has been retained to seek a joint-venture partner onshore Kazakhstan.

The blocks have two discoveries, both of which have flowed oil on test, and hold significant upside potential. The discoveries are analogous to nearby large producing oil fields. There is recent 3-D seismic coverage over the majority of the licenses. Upside in the discoveries is presently estimated at 330 million barrels of recoverable reserves with additional potential in other leads.

Contact Les Finalle, 713-689-5860, lfinalle@indigopool.com.