Tomsk Region

The Tomsk region is located in Western Siberia in Russia and covers an area of approximately 317,000 square kilometres. The region sits on the Siberian Platform – one of the largest oil-bearing tectonic elements in the world. The Tomsk region has potential geological recoverable oil resources estimated at between approximately 3.1 and 3.4 billion tonnes or close to 25 billion barrels. Alliance Oil has conducted oil operations in the region for 10 years. Alliance Oil operates four oil fields in the region: Khvoinoye, Kluchevskoye, Puglalymskoye and Middle Nyurola.

Alliance Oil's proven, probable and possible oil reserves (3P) in the region amount to 67.6 million barrels of oil according to D&M's PRMS estimates in as of December 31, 2009.

The area of Alliance Oil's oil fields is flat and slightly undulating with surrounding marshy and wetland areas. This land is located in very remote areas which were previously unused and it is not a protected area or sensitive environment. Land utilized for project operations within the oil fields area is leased from local authorities. There is an almost complete lack of local infrastructure development except for the construction and operation of a winter road (January to April) and the pipeline connection to the Transneft network.

Update Q1 2010

Total production in the Tomsk region for the first quarter 2010 was 748 700 barrels (952 543 barrels).