Deepwater GOM Focus Areas

Falcon Corridor

Net Unrisked Reserve Potential - 60 MMBOE

2-3 satellite prospects planned for 2005

Devils Tower Corridor

Net Unrisked Reserve Potential – 310 MMBOE

NE Mississippi Canyon

Net Unrisked Reserve Potential – 70 MMBOE

Green Canyon / Walker Ridge

Net Unrisked Reserve Potential – 220 MMBOE

Thunder Hawk

Appraisal planned late 2004 / early 2005

Ozona Deep

Appraisal planned in 2005

Green Canyon / Keathly Canyon

Net Unrisked Reserve Potential – 120 MMBOE

Paladin

Exploration well planned in 2nd half of 2005

Risked Success Plan

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