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|  ̈   | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------------------|----------------------------------------------------------------------------------------------------|

| (Exact      name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Delaware                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 33-0464753 |
| (State      or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (IRS      Employer Identification No.) |
|                  Suite      200, 625 – 4 Avenue SW,  Calgary, Alberta,      Canada                                        T2P      0K2                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                               (Address      of principal executive      offices)                                                                                (Zip      Code) |
| Registrant’s      telephone number, including area code:        +1      403-777-9250                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Securities      registered pursuant to Section 12(b) of the Act:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Title      of each class                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Name      of each exchange on which registered |
| Common      Stock, par value $.001 per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | NYSE/Amex      (formerly AMEX) |
| Securities      registered pursuant to Section 12(g) of the Act:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (Title      of Class)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| Large      accelerated filer |  ̈ | Accelerated      filer                                                                                                               |  ̈ |
|------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------|--------|
| Non-accelerated      filer   | þ |                  Smaller      reporting company |  ̈ |

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|          |               | Page   |
|---------------|--------------------|--------|
|          |               |   |
| Item      15. | Exhibit      10.26 | 1      |
|          |               |   |

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| Exhibit | Description                                                                                          |
|---------|------------------------------------------------------------------------------------------------------|
|    |                                                                                                 |
| 10.26   | Chapman      Petroleum Engineering Report (as amended to correct duplicate page and      letter) (1) |

| (1) | Filed      herewith. |
|-----|----------------------|

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| Signature                                   |   | Title                                                                                                            |   | Date                      |
|---------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|--------|---------------------------|
| /s/ Jean Paul RoyJean      Paul Roy         |   |  President,      Chief Executive Officer and Director                                                       |   |  April      12, 2010 |
|                                        |   |                                                                                                             |   |                      |
| /s/ Allan J. KentAllan      J. Kent         |   | Executive      Vice President, Chief Financial Officer, “Chief Accounting Officer” and      Director |   |  April      12, 2010 |
|                                        |   |                                                                                                             |   |                      |
| /s/ Brent J. PetersBrent      J. Peters     |   |  Director                                                                                                   |   |  April      12, 2010 |
|                                        |   |                                                                                                             |   |                      |
| /s/ Peter R. SmithPeter      R. Smith       |   |  Chairman      of the Board and Director                                                                    |   |  April      12, 2010 |
|                                        |   |                                                                                                             |   |                      |
| /s/ Michael J. HudsonMichael      J. Hudson |   |  Director                                                                                                   |   |  April      12, 2010 |
|                                        |   |                                                                                                             |   |                      |
| /s/ David D. ConklinDavid      D Conklin    |   |  Director                                                                                                   |   |  April      12, 2010 |

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| 1. | THAT      I am a registered Professional Engineer in the Province of Alberta and a      member of the Australasian Institute of Mining and    Metallurgy. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | THAT      I graduated from the University of Alberta with a Bachelor of Science      degree in Mechanical Engineering in1971. |
|----|-------------------------------------------------------------------------------------------------------------------------------|

| 3. | THAT      I have been employed in the petroleum industry since graduation by various      companies and have been directly involved in reservoir engineering,      petrophysics, operations, and evaluations during that  time. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | THAT      I have in excess of 25 years in the conduct of evaluation and engineering      studies relating to oil & gas fields in Canada and around the      world. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | THAT      I participated directly in the evaluation of these assets and properties      and preparation of this report for Geoglobal Resources Inc., dated March      4, 2010 and the parameters and conditions employed in this evaluation were      examined by me and adopted as representative and appropriate in      establishing the value of these oil and gas properties according to the      information available to date. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | THAT      I have not, nor do I expect to receive, any direct or indirect interest in      the properties or securities of Geoglobal Resources Inc. its participants      or any affiliate thereof. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | THAT      I have not examined all of the documents pertaining to the ownership and      agreements referred to in this report, or the chain of Title for the oil      and gas properties discussed. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | A      personal field examination of these properties was considered to be      unnecessary because the data available from the Company's records and      public sources was satisfactory for our  purposes. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | I,      ROY A. COLLVER, of the City of Calgary, Alberta, Canada, officing at Suite      445, 708 – 11th      Avenue S.W., hereby certify: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | THAT      I am a registered Engineer-In-Training in the Province of      Alberta. |
|----|-----------------------------------------------------------------------------------|

| 2. | THAT      I graduated from Queen’s University in Kingston, Ontario with a Bachelor      of Science degree in Engineering Physics in  2005. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | THAT      I participated directly in the evaluation of these assets and properties      and preparation of this report for Geoglobal Resources Inc., dated March      4, 2010 and the parameters and conditions employed in this evaluation were      examined by me and adopted as representative and appropriate in      establishing the value of these oil and gas properties according to the      information available to date. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | THAT      I have not, nor do I expect to receive, any direct or indirect interest in      the properties or securities of Geoglobal Resources Inc., its participants      or any affiliate thereof. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | THAT      I have not examined all of the documents pertaining to the ownership and      agreements referred to in this report, or the chain of Title for the oil      and gas properties discussed. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | A      personal field examination of these properties was considered to be      unnecessary because the data available from the Company’s records and      public sources was satisfactory for our  purposes. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| i)   | Ownership      and Burdens have been derived from the Company's land records and other      information from the Company as required for  clarification; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii)   | Production      data is acquired from public data sources, except for very recent data or      certain wells which are provided directly by the  Company; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii)   | Well      data is accessed from the Company's well files and from public data      sources; |
|------------------|---------------------------------------------------------------------------------------------|

| iv)   | Operating      Costs are based on actual revenue and expense statements provided by the      Company for established properties or from discussions with the Company      and our experience in the area for new or non-producing      properties; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| v)   | Price      differentials are derived from revenue statements, compared to actual      posted prices for the appropriate benchmark price over a period of several      months for established properties or from discussions with the Company and      our experience in the area for new or non-producing      properties; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| vi)   | Timing      of Development Plans and Capital estimates are normally determined by      discussions with the Company together with our experience and      judgment. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| b)   | Structural      Model Map |
|----------------|---------------------------|

| c)   | Tarapur      # 1 Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| d)   | Tarapur      # 5 Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| e)   | Tarapur      # P Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| f)   | Tarapur      # 6 Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| g)   | Tarapur      # G Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| h)   | Tarapur      # 4 Well Log Analysis – Kalol |
|----------------|--------------------------------------------------|

| i)   | Tarapur      # 4 Well Log Analysis – Cambay |
|----------------|---------------------------------------------------|

| j)   | Tarapur      # G Well Log Analysis – Cambay |
|----------------|---------------------------------------------------|

| k)   | TA-6A1      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| l)   | TA-6A2      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| m)   | TA-6A3      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| n)   | TA-6A4      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| o)   | TA-6A5      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| p)   | TA-6A6      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| q)   | TA-6A7      Well Log Analysis – Kalol |
|----------------|---------------------------------------------|

| r)   | TAR      MAIN-TD1 Well Log Analysis – Kalol |
|----------------|---------------------------------------------------|

| s)   | TAR      MAIN-TD2 Well Log Analysis – Kalol |
|----------------|---------------------------------------------------|

| t)   | TAR      MAIN-TD3 Well Log Analysis – Kalol |
|----------------|---------------------------------------------------|

| a)   | Tarapur      #1- Kalol, Rate vs. Time |
|----------------|---------------------------------------|

| b)   | Tarapur      #P- Kalol, Rate vs. Time |
|----------------|---------------------------------------|

| c)   | Tarapur      #5- Kalol, Rate vs. Time |
|----------------|---------------------------------------|

| d)   | TAR      MAIN-TD2- Kalol, Rate vs. Time |
|----------------|-----------------------------------------|

| e)   | TAR      MAIN-TD3- Kalol, Rate vs. Time |
|----------------|-----------------------------------------|

----

| a)   | Tarapur      #1- Kalol |
|----------------|------------------------|

| b)   | Tarapur      #P- Kalol |
|----------------|------------------------|

| c)   | Tarapur      #5- Kalol |
|----------------|------------------------|

| d)   | TAR      MAIN-TD2 - Kalol |
|----------------|---------------------------|

| e)   | TAR      MAIN-TD3 - Kalol |
|----------------|---------------------------|

| f)   | TAR      MAIN-TD1 - Kalol |
|----------------|---------------------------|

| g)   | Tarapur      # 6, Kalol |
|----------------|-------------------------|

| h)   | TA6-A1,      Kalol |
|----------------|--------------------|

| i)   | TA6-A2,      Kalol |
|----------------|--------------------|

| j)   | TA6-A3,      Kalol |
|----------------|--------------------|

| k)   | TA6-A4,      Kalol |
|----------------|--------------------|

| l)   | TA6-A5,      Kalol |
|----------------|--------------------|

| m)   | TA6-A6,      Kalol |
|----------------|--------------------|

| n)   | TA6-A7,      Kalol |
|----------------|--------------------|

| o)   | Tarapur      # 4, Kalol |
|----------------|-------------------------|

| p)   | Tarapur      # G, Kalol |
|----------------|-------------------------|

| a)   | Proved      Developed Producing |
|----------------|---------------------------------|

| b)   | Total      Proved |
|----------------|-------------------|

| c)   | Proved      Plus Probable |
|----------------|---------------------------|

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|   | Exploration      and Development |
|--------|----------------------------------|

th

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|   | Total      proved oil reserves of 840 MSTB have been estimated for this area as      described below. |
|--------|-------------------------------------------------------------------------------------------------------|

|   | Total      proved developed producing oil reserves have been estimated to be 710 MSTB      for the five producing wells based on reservoir parameters derived from      log analysis, as well as current production  performance. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Proved      developed non-producing reserves of 130 MSTB have been estimated for the      well TAR-TD1 based on reservoir parameters derived from log analysis, in      addition to analogy with the currently producing  wells. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

  

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|   | Probable      developed non-producing incremental oil reserves of 127 MSTB have been      assigned to the well TAR-TD1 based on reservoir parameters derived from      log analysis, and assuming a higher overall recovery factor from the      planned “slot frac hole”re-completion. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Probable      developed non-producing oil reserves of 2,318 MSTB have been assigned to      the 8 wells on the Tarapur # 6 structure and the Tarapur # 4      well.  These reserves were assigned based on reservoir      parameters derived from log analysis, and analogy with currently producing      wells.  It is anticipated that all these wells will be      re-completed as “slot frac hole” completions before they are put on      production. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Probable      developed non-producing marketable non-associated gas reserves of 4,469      MMscf have been assigned to the well Tarapur # G based on reservoir      parameters derived from loganalysis. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Probable      undeveloped reserves of 490 MMscf have been assigned to one development      location planned for the Tarapur # 4 structure.  These reserves      were based on reservoir parameters derived from the log analysis of      Tarapur # 4, in addition to analogy with currently producing      wells. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Table 1                                               |
|-------------------------------------------------------|
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Schedule      of Lands, Interests and Royalty Burdens |
| January      1, 2010                                  |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GeoGlobal      Resources Inc.                         |
| Tarapur,      India                                   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   | Appraised      Interest |   |  Royalty      Burdens |
|                                                  |   |   | Rights |   | Gross |   | Working |   | Royalty |   |  Basic |   | Overriding |
| Description                                           |   | Owned |   | Acres |   | % |   | % |   |  % |   | % |
| Tarapur      CB-ON/2                                  |   | [A] |   |          399,808 |   |   |     14.0000 | [1],[2] |  - |   |  - | [3] |   |   |  - |
| Well      TAR-1                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-P                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-5                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-TD1                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-TD2                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-TD3                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A1                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A2                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A3                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A4                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A5                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A6                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-6-A7                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-G                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-4                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loc.      TAR-4-D1                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   | Total |   |     399,808 |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  | Rights      Owned : | [A]      All P&NG. |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  | General      Notes: | [1] | ONGC      has chosen to increase their share an additional 30%, reducing the      Company’s interest |
|                                                  |   | [2] | See      the Production Sharing Contract for detailed description of profit/cost      petroleum split. |   |
|                                                  |   | [3] | All      royalties paid by ONGC |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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|   Table      2                                                                                                                          |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Summary      of Gross Reserves                                                                                                                    |   |
| January      1, 2010                                                                                                                              |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tarapur,      India                                                                                                                               |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   | Current      or |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   | Initial |   | API |   | Ultimate |   | Cum |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   | Rate |   |   |   | ROIP |   | Prod. |   | ROIP |   |   |   |   |
| Description                                                                                                                                       |   | STB/d |   | (Deg) |   | (MSTB) |   | (MSTB) |   | (MSTB) |   | Reference |   |   |
| LIGHT      & MEDIUM OIL                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proved Developed Producing                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TAR      - 1                                                                                                                                      |   | Kalol      (main structure) |   | 50 |   | 45 |   | 156 |   | 14 |   | 142 |   | Table      2a |   |   |
| TAR      - P                                                                                                                                      |   | Kalol      (main structure) |   | 37 |   | 45 |   | 104 |   | 11 |   | 93 |   | Table      2b |   |   |
| TAR      - 5                                                                                                                                      |   | Kalol      (main structure) |   | 150 |   | 45 |   | 261 |   | 35 |   | 226 |   | Table      2c |   |   |
| TAR      - TD2                                                                                                                                    |   | Kalol      (main structure) |   | 40 |   | 45 |   | 130 |   | 5 |   | 125 |   | Table      2d |   |   |
| TAR      - TD3                                                                                                                                    |   | Kalol      (main structure) |   | 45 |   | 45 |   | 130 |   | 6 |   | 125 |   | Table      2e |   |   |
|        Total      Proved Developed Producing                                                                   |   | 322 |   |   |   | 781 |   | 71 |   | 710 |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proved Developed    Non-Producing                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TAR      - TD1                                                                                                                                    |   | Kalol      (main structure) |   | 50 | Jan-10 | 45 |   | 130 |   | 0 |   | 130 |   | Table      2f |   |   |
| Total      Proved Developed Non-Producing                                                                                                         |   |   |   |   | 130 |   | 0 |   | 130 |   |   |   |   |
|                                                                                                                                              |   | Total      Proved |   |   |   |   |   | 911 |   | 0 |   | 840 |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable      Developed Producing                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TAR      - 1                                                                                                                                      |   | Kalol      (main structure) | (Incr.) |   |   | 45 |   | 96 |   | 0 |   | 96 |   | Table      2a, Figure 3a |   |
| TAR      - P                                                                                                                                      |   | Kalol      (main structure) | (Incr.) |   |   | 45 |   | 116 |   | 0 |   | 116 |   | Table      2b, Figure 3b |   |
| TAR      - 5                                                                                                                                      |   | Kalol      (main structure) | (Incr.) |   |   | 45 |   | 242 |   | 0 |   | 242 |   | Table      2c, Figure 3c |   |
| TAR      - TD2                                                                                                                                    |   | Kalol      (main structure) | (Incr) |   |   | 45 |   | 139 |   | 0 |   | 139 |   | Table      2d, Figure 3d |   |
| TAR      - TD3                                                                                                                                    |   | Kalol      (main structure) | (Incr) |   |   | 45 |   | 137 |   | 0 |   | 137 |   | Table      2e, Figure 3e |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable      Developed Non-Producing                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TAR      - TD1                                                                                                                                    |   | Kalol      (main structure) | (Incr) | 50 | Jan-10 | 45 |   | 127 |   | 0 |   | 127 |   | Table      2f |   |   |
| TAR-6                                                                                                                                             |   | Kalol |   | 130 | Jan-12 | 45 |   | 261 |   | 0 |   | 261 |   | Table      2g |   |   |
| TAR-6-A1                                                                                                                                          |   | Kalol |   | 120 | Jan-12 | 45 |   | 256 |   | 0 |   | 256 |   | Table      2h |   |   |
| TAR-6-A2                                                                                                                                          |   | Kalol |   | 120 | Jan-12 | 45 |   | 268 |   | 0 |   | 268 |   | Table      2i |   |   |
| TAR-6-A3                                                                                                                                          |   | Kalol |   | 120 | Jan-12 | 45 |   | 225 |   | 0 |   | 225 |   | Table      2j |   |   |
| TAR-6-A4                                                                                                                                          |   | Kalol |   | 90 | Jan-12 | 45 |   | 171 |   | 0 |   | 171 |   | Table      2k |   |   |
| TAR-6-A5                                                                                                                                          |   | Kalol |   | 130 | Jan-12 | 45 |   | 256 |   | 0 |   | 256 |   | Table      2l |   |   |
| TAR-6-A6                                                                                                                                          |   | Kalol |   | 100 | Jan-12 | 45 |   | 198 |   | 0 |   | 198 |   | Table      2m |   |   |
| TAR-6-A7                                                                                                                                          |   | Kalol |   | 100 | Jan-12 | 45 |   | 193 |   | 0 |   | 193 |   | Table      2n |   |   |
| TAR      4                                                                                                                                        |   | Kalol |   | 200 | Jan-13 | 45 |   | 490 |   | 0 |   | 490 |   | Table      2o |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable      Undeveloped                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loc.      TAR-4-D1                                                                                                                                | Kalol  |   | 200 | Jan-13 | 45 |   | 490 |   | 0 |   | 490 |   | Table      2o |   |   |
|                                                                                                                                              |   | Total      Probable |   |   |   |   |   | 3,665 |   | 0 |   | 3,665 |   |   |   |   |
|                    Total      Proved Plus Probable |   |   |   |   |   | 4,576 |   | 0 |   | 4,505 |   |   |   |   |

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| Table  2                                  |    |
|-----------------------------------------------------|---------|
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Summary      of Gross Reserves                      |    |
| January      1, 2010                                |    |
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tarapur,      India                                 |    |
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |    |   |   | Current      or |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |    |   |   | Initial |   | Ultimate |   | Cumulative |   | Remaining |   | Remaining |   |   |   |   |
|                                                |    |   |   | Rate |   | RGIP |   | Production |   |   RGIP      (raw) |   |   RGIP      (sales) |   |   |   |   |   |
| Description                                         |    | Mscf/d |   | (MMscf) |   | (MMscf) |   | (MMscf) |   | (MMscf) |   |   | Reference |   |   |
| ASSOCIATED AND NON-ASSOCIATED      GAS              |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable Developed Non-Producing      (Incremental) |    |   |   |   |   |   |   |   |   |   |   |   |
| TAR      G                                          |    | Kalol | (Incr.) | 1,500 |   | 4,805 |   | 0 |   | 4,805 |   | 4,469 |   |   | Table      2o |   |   |
|                                                |    | Total      Probable |   |   |   | 4,805 |   | 0 |   | 4,805 |   | 4,469 |   |   |   |   |   |
| Total      Proved Plus Probable                     |    |   |   | 4,805 |   | 0 |   | 4,805 |   | 4,469 |   |   |   |   |   |
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SOLUTION      GAS                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proved                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Proved Solution Gas                      |    | 208 |   | 680 |   | 0 |   | 680 |   | 632 |   |   | Table      4b |   |   |
|                                                |    | Total      Proved |   |   |   | 680 |   | 0 |   | 680 |   | 632 |   |   |   |   |   |
|                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Probable                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Probable Solution Gas                    | (Incr.) |   |   | 537 |   | 0 |   | 537 |   | 500 |   |   | Table      4c |   |   |
|                                                |    | Total      Probable |   |   |   | 537 |   | 0 |   | 537 |   | 500 |   |   |   |   |   |
| Total      Proved Plus Probable                     |    |   |   | 1,217 |   | 0 |   | 1,217 |   | 1,132 |   |   |   |   |   |

----

| Table      2a                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | Tarapur      1 Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 3,313 |   | 3,313 |
|                                                    | Reservoir      Temperature, deg F | 230 |   | 230 |
|                                                    | Average      Porosity, % | 21.9 |   | 21.9 |
|                                                    | Average      Water Saturation, % | 33.3 |   | 33.3 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 906.6 |   | 906.6 |
|                                                    | Recovery      Factor, % | 7.1 | (2) | 12 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 27.5 |   | 27.5 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,188,986 |   | 2,188,986 |
|                                                    | Reserves      Initially-in-Place, STB | 156,018 |   | 251,733 |
|                                                    | Cumulative      Production, STB | 13,779 |   | 13,779 |
|                                                    | Remaining      Reserves, STB | 142,239 |   | 237,953 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1477.5 - 1495.2 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2b                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | Tarapur      P Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 2,740 |   | 2,740 |
|                                                    | Reservoir      Temperature, deg F | 225 |   | 225 |
|                                                    | Average      Porosity, % | 20.8 |   | 20.8 |
|                                                    | Average      Water Saturation, % | 27.9 |   | 27.9 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 930.8 |   | 930.8 |
|                                                    | Recovery      Factor, % | 3.3 | (2) | 7 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 38.5 |   | 38.5 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 3,146,383 |   | 3,146,383 |
|                                                    | Reserves      Initially-in-Place, STB | 104,012 |   | 220,247 |
|                                                    | Cumulative      Production, STB | 11,056 |   | 11,056 |
|                                                    | Remaining      Reserves, STB | 92,956 |   | 209,190 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1490.1 - 1507.4 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2c                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | Tarapur      5 Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 3,331 |   | 3,331 |
|                                                    | Reservoir      Temperature, deg F | 230 |   | 230 |
|                                                    | Average      Porosity, % | 25.3 |   | 25.3 |
|                                                    | Average      Water Saturation, % | 13.5 |   | 13.5 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 1358.2 |   | 1358.2 |
|                                                    | Recovery      Factor, % | 4.1 | (2) | 8 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 52.8 |   | 52.8 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 6,296,398 |   | 6,296,398 |
|                                                    | Reserves      Initially-in-Place, STB | 261,258 |   | 503,712 |
|                                                    | Cumulative      Production, STB | 35,473 |   | 35,473 |
|                                                    | Remaining      Reserves, STB | 225,785 |   | 468,239 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1533.0 - 1556.5 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2d                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | TD      2  Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |   | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |   | 230 |
|                                                    | Average      Porosity, % | 13.4 |   | 13.4 |
|                                                    | Average      Water Saturation, % | 26.9 |   | 26.9 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 607.9 |   | 607.9 |
|                                                    | Recovery      Factor, % | 4.3 | (2) | 9 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 56.1 |   | 56.1 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,994,260 |   | 2,994,260 |
|                                                    | Reserves      Initially-in-Place, STB | 130,015 |   | 269,483 |
|                                                    | Cumulative      Production, STB | 5,469 |   | 5,469 |
|                                                    | Remaining      Reserves, STB | 124,546 |   | 264,013 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1538.7 - 1684.9 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2e                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | TD      3  Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |   | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |   | 230 |
|                                                    | Average      Porosity, % | 15.4 |   | 15.4 |
|                                                    | Average      Water Saturation, % | 29.4 |   | 29.4 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 674.8 |   | 674.8 |
|                                                    | Recovery      Factor, % | 4.9 | (2) | 10 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 45.0 |   | 45.0 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,666,135 |   | 2,666,135 |
|                                                    | Reserves      Initially-in-Place, STB | 130,070 |   | 266,614 |
|                                                    | Cumulative      Production, STB | 5,524 |   | 5,524 |
|                                                    | Remaining      Reserves, STB | 124,546 |   | 261,089 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1493.7 - 1620.9 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2f                                           |
|---------------------------------------------------------|
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
|                                                    |   | TD      1  Kalol (1) |
|                                                    |   | Proved |   | Proved |
|                                                    |   | Developed      Non-Producing |   | Plus      Probable |
|                                                    |   |   |   |   |
| PRODUCT      TYPE                                       |   |   |   |
|                                                    | Light      and Medium Oil |   |   |   |
|                                                    |   |   |   |   |
| RESERVOIR      PARAMETERS                               |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |   | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |   | 230 |
|                                                    | Average      Porosity, % | 13.1 |   | 13.1 |
|                                                    | Average      Water Saturation, % | 27.4 |   | 27.4 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |   | 1.250 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 590.3 |   | 590.3 |
|                                                    | Recovery      Factor, % | 5.6 | (2) | 11 |
|                                                    |   |   |   |   |
| RESERVES                                                |   |   |   |
|                                                    |   |   |   |   |
|                                                    | Net      Pay, ft | 45.0 |   | 45.0 |
|                                                    | Area,      acres | 87 |   | 87 |
|                                                    |   |   |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,332,275 |   | 2,332,275 |
|                                                    | Reserves      Initially-in-Place, STB | 130,016 |   | 256,550 |
|                                                    | Cumulative      Production, STB | 0 |   | 0 |
|                                                    | Remaining      Reserves, STB | 130,016 |   | 256,550 |
|                                                    |   |   |   |   |
|                                                    |   |   |   |   |
| Note:                                                   | (1)  Interval      1539.5 - 1688.7 m KB |   |   |   |
|                                                    | (2)  Based      on Production Performance |   |   |   |

----

| Table      2g                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tarapur      6  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,547 |
|                                                    | Reservoir      Temperature, deg F | 232 |
|                                                    | Average      Porosity, % | 23.1 |
|                                                    | Average      Water Saturation, % | 24.2 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 1086.7 |
|                                                    | Recovery      Factor, % | 6 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 50.0 |
|                                                    | Area,      acres | 80 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 4,346,800 |
|                                                    | Reserves      Initially-in-Place, STB | 260,808 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 260,808 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1623.6 - 1648.8 m KB |   |

----

| Table      2h                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A1  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 16.8 |
|                                                    | Average      Water Saturation, % | 30.1 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 728.8 |
|                                                    | Recovery      Factor, % | 8 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 50.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 3,199,432 |
|                                                    | Reserves      Initially-in-Place, STB | 255,955 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 255,955 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1551.0 - 1790.8 m KB |   |

----

| Table      2i                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A2  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 18.2 |
|                                                    | Average      Water Saturation, % | 33.3 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 753.4 |
|                                                    | Recovery      Factor, % | 9 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 45.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,976,684 |
|                                                    | Reserves      Initially-in-Place, STB | 267,902 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 267,902 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1539.3 - 1784.3 m KB |   |

----

| Table      2j                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A3  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 24.2 |
|                                                    | Average      Water Saturation, % | 31.9 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 1022.8 |
|                                                    | Recovery      Factor, % | 10 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 25.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,245,046 |
|                                                    | Reserves      Initially-in-Place, STB | 224,505 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 224,505 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1541.37 - 1742.8 m KB |   |

----

| Table      2k                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A4  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 13.0 |
|                                                    | Average      Water Saturation, % | 31.2 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 555.1 |
|                                                    | Recovery      Factor, % | 7 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 50.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,436,889 |
|                                                    | Reserves      Initially-in-Place, STB | 170,582 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 170,582 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1554.8 - 1797.8 m KB |   |

----

| Table      2l                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A5  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 20.0 |
|                                                    | Average      Water Saturation, % | 34.7 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 810.6 |
|                                                    | Recovery      Factor, % | 9 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 40.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,846,827 |
|                                                    | Reserves      Initially-in-Place, STB | 256,214 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 256,214 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1564.0 - 1818.8 m KB |   |

----

| Table      2m                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A6  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 16.6 |
|                                                    | Average      Water Saturation, % | 31.6 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 704.7 |
|                                                    | Recovery      Factor, % | 8 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 40.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,474,907 |
|                                                    | Reserves      Initially-in-Place, STB | 197,993 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 197,993 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1515.4 - 1729.9 m KB |   |

----

| Table      2n                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed Non-Producing |
|                                                    |   | Tar      6-A7  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,200 |
|                                                    | Reservoir      Temperature, deg F | 230 |
|                                                    | Average      Porosity, % | 14.4 |
|                                                    | Average      Water Saturation, % | 31.6 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 611.3 |
|                                                    | Recovery      Factor, % | 8 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 45.0 |
|                                                    | Area,      acres | 87 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 2,415,246 |
|                                                    | Reserves      Initially-in-Place, STB | 193,220 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 193,220 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1502.4 - 1713.4 m KB |   |

----

| Table      2o                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed |
|                                                    |   | Tarapur      4 Total Structure  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Light      and Medium Oil |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,266 |
|                                                    | Reservoir      Temperature, deg F | 231 |
|                                                    | Average      Porosity, % | 25.1 |
|                                                    | Average      Water Saturation, % | 21.3 |
|                                                    | Formation      Volume Factor, RB/STB | 1.250 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB/ac.ft | 1226.0 |
|                                                    | Recovery      Factor, % | 9 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 70.0 |
|                                                    | Area,      acres | 127 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, STB | 10,899,140 |
|                                                    | Reserves      Initially-in-Place, STB | 980,923 |
|                                                    | Cumulative      Production, STB | 0 |
|                                                    | Remaining      Reserves, STB | 980,923 |
|                                                    |   |   |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1597.4 - 1626.4 m KB |   |

----

| Table      2p                                           |
|---------------------------------------------------------|
|                                                    |   |   |
|                                                    |   |   |
| SUMMARY      OF GROSS RESERVES AND RESERVOIR PARAMETERS |
| January      1, 2010                                    |
|                                                    |   |   |
| Tarapur,      India                                     |
|                                                    |   |   |
|                                                    |   |   |
|                                                    |   | Probable      Developed |
|                                                    |   | Tarapur      G  Kalol (1) |
|                                                    |   |   |
| PRODUCT      TYPE                                       |   |
|                                                    | Non-Associated      Gas |   |
|                                                    |   |   |
| RESERVOIR      PARAMETERS                               |   |
|                                                    |   |   |
|                                                    | Reservoir      Pressure, psia | 3,400 |
|                                                    | Reservoir      Temperature, deg F | 239 |
|                                                    | Average      Porosity, % | 21.8 |
|                                                    | Average      Water Saturation, % | 30.3 |
|                                                    | Compressibility      Factor, Z | 0.924 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, Mscf/ac.ft | 1236.7 |
|                                                    | Reservoir      Loss, % | 30.0 |
|                                                    | Surface      Loss, % | 7.0 |
|                                                    |   |   |
| RESERVES                                                |   |
|                                                    |   |   |
|                                                    | Net      Pay, ft | 50.0 |
|                                                    | Area,      acres | 111 |
|                                                    |   |   |
|                                                    | Petroleum      Initially-in-Place, MMscf | 6,864 |
|                                                    | Reserves      Initially-in-Place, MMscf | 4,805 |
|                                                    | Cumulative      Production, Mscf | 0 |
|                                                    | Remaining      Raw Reserves, MMscf | 4,805 |
|                                                    | Remaining      Marketable Reserves, MMscf | 4,469 |
|                                                    |   |   |
|                                                    | NGL's      Recovery, bbl/MMscf | 16 |
|                                                    | Remaining      NGL's, bbls | 76,880 |
|                                                    |   |   |
| Note:                                                   | (1)  Interval      1557.8 - 1581.9 m KB |   |

----

| Table  3a                              |
|--------------------------------------------------|
| Summary      of Anticipated Capital Expenditures |
| Development                                      |
| January      1, 2010                             |
| GeoGlobal      Resources Inc.                    |
| Tarapur,      India                              |
|                                             |   |   |   |   |   | Capital |   |  Gross |   |  Net |   |
|                                             |   |   |   |   |   | Interest |   |  Capital |   |  Capital |   |
| Description                                      |   | Date |   | Operation |   | % |   |  M$ |   |  M$ |   |
| Probable                                         |   |   |   |   |   |   |   |   |   |   |   |
| Light & Medium Oil                           |   |   |   |   |   |   |   |   |   |   |
| Well      TAR-1                                  |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-P                                  |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-5                                  |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-TD1                                |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-TD2                                |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-TD3                                |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6                                  |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A1                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A2                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A3                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A4                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A5                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A6                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| Well      TAR-6-A7                               |   | Jan      2012 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| TAR-6                                            |   | Jan      2012 |   | Install      facilities and tie-ins for 7 wells |   | 14.0000% |   | 1,750 |   | 245 |   |
| Loc.      TAR-4-D1                               |   | Jan      2013 |   | Drill,      complete, and tie in one development location |   | 14.0000% |   | 2,500 |   | 350 |   |
| TAR-4                                            |   | Jan      2013 |   | Recomplete      well as a slant frac hole completion |   | 14.0000% |   | 500 |   | 70 |   |
| TAR-4                                            |   | Jan      2013 |   | Install      facilities and tie-ins for two wells |   | 14.0000% |   | 500 |   | 70 |   |
| TAR-G                                            |   | Jan      2013 |   | Install      facilities and tie-ins for single flowing gas well |   | 14.0000% |   | 500 |   | 70 |   |
|                                             |   |   |   | Total      Probable |   |   |   | 12,750 |   | 1,785 |   |

----

| Table      3b                                    |
|--------------------------------------------------|
| Summary      of Anticipated Capital Expenditures |
| Abandonment      and Restoration                 |
| January      1, 2010                             |
| GeoGlobal      Resources Inc.                    |
| Tarapur,      India                              |
|                                             |   |   |   | Capital |   |  Gross |   |  Net |
|                                             |   |   |   | Interest |   |  Capital |   |  Capital |
| Description                                      |   | Well      Parameters |   | % |   |  M$ |   |  M$ |
| Light & Medium Oil                           |   |   |   |   |   |   |   |   |
| Well      TAR-1                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-P                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-5                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-TD1                                |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-TD2                                |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-TD3                                |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A1                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A2                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A3                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A4                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A5                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A6                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-6-A7                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Well      TAR-4                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Loc.      TAR-4-D1                               |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
| Associated & Non-Associated      Gas         |   |   |   |   |   |   |
| Well      TAR-G                                  |   | Abandon      location and reclaim the land |   | 14.0000 |   | 100 |   | 14 |
|                                             |   | Total      Abandonment and Restoration |   |   |   | 1,700 |   | 238 |

----

| Table      4a, Page 1                |
|--------------------------------------|
| GEOGLOBAL      RESOURCES INC.        |
| Block      CB-ON/2, Tarapur, India   |
| Proved      Developed Producing      |
| Production      and Capital Forecast |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   | Tarapur      Wells |   |   |   |   |   |   |   |
|                                 |   |   | TAR      MAIN TAR - 1 Kalol | TAR      MAIN TAR - P Kalol | TAR      MAIN TAR - 5 Kalol | TAR      MAIN TD-2 Kalol | TAR      MAIN TD-3 Kalol | Total      Oil Production | Solution      Gas Sales | Total      Gas |   |
| Year                                 | Days      On | Well      Count | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/yr. | Mscf/d | Mscf/d | Mscf/yr. | Total Capital |
| 2010                                 | 365 | 5.0 | 50 | 37 | 150 | 40 | 45 | 322 | 117,530 | 178 | 178 | 65,007 | 0 |
| 2011                                 | 365 | 5.0 | 46 | 33 | 126 | 37 | 41 | 283 | 103,296 | 158 | 158 | 57,514 | 0 |
| 2012                                 | 365 | 5.0 | 42 | 30 | 106 | 34 | 38 | 249 | 90,950 | 140 | 140 | 50,970 | 0 |
| 2013                                 | 365 | 5.0 | 38 | 27 | 89 | 32 | 34 | 220 | 80,221 | 124 | 124 | 45,243 | 0 |
| 2014                                 | 365 | 5.0 | 35 | 24 | 75 | 29 | 31 | 194 | 70,883 | 110 | 110 | 40,223 | 0 |
| 2015                                 | 365 | 5.0 | 32 | 22 | 63 | 27 | 29 | 172 | 62,741 | 98 | 98 | 35,815 | 0 |
| 2016                                 | 365 | 5.0 | 29 | 20 | 53 | 25 | 26 | 152 | 55,628 | 87 | 87 | 31,937 | 0 |
| 2017                                 | 365 | 5.0 | 27 | 18 | 44 | 23 | 24 | 135 | 49,405 | 78 | 78 | 28,521 | 0 |
| 2018                                 | 365 | 5.0 | 24 | 16 | 37 | 21 | 22 | 120 | 43,948 | 70 | 70 | 25,505 | 0 |
| 2019                                 | 365 | 5.0 | 22 | 14 | 31 | 20 | 20 | 107 | 39,157 | 63 | 63 | 22,839 | 0 |
| 2020                                 | 365 | 5.0 | 20 | 13 | 26 | 18 | 18 | 96 | 34,941 | 56 | 56 | 20,478 | 0 |
| 2021                                 | 365 | 5.0 | 19 | 12 | 22 | 17 | 17 | 86 | 31,226 | 50 | 50 | 18,384 | 0 |
| 2022                                 | 365 | 5.0 | 17 | 10 | 18 | 16 | 15 | 77 | 27,945 | 45 | 45 | 16,524 | 0 |
| 2023                                 | 365 | 5.0 | 16 | 9 | 15 | 14 | 14 | 69 | 25,044 | 41 | 41 | 14,868 | 0 |
| 2024                                 | 365 | 5.0 | 14 | 8 | 13 | 13 | 13 | 62 | 22,474 | 37 | 37 | 13,393 | 0 |
| 2025                                 | 365 | 5.0 | 13 | 8 | 11 | 12 | 12 | 55 | 20,193 | 33 | 33 | 12,076 | 0 |
| 2026                                 | 365 | 5.0 | 12 | 7 | 9 | 11 | 11 | 50 | 18,165 | 30 | 30 | 10,899 | 0 |
| 2027                                 | 365 | 5.0 | 11 | 6 | 8 | 10 | 10 | 45 | 16,360 | 27 | 27 | 9,847 | 100 |
| 2028                                 | 365 | 4.0 | 10 | 6 | 0 | 10 | 9 | 34 | 12,402 | 21 | 21 | 7,846 | 100 |
| 2029                                 | 365 | 3.0 | 9 | 5 | 0 | 9 | 0 | 23 | 8,390 | 15 | 15 | 5,399 | 300 |
| Total                                |   |   | 142,239 | 92,956 | 225,785 | 124,546 | 124,546 |   | 710,072 | 533,287 |   | 410,767 | 500 |
| Decline      % =                     |   | 9% | 10% | 16% | 8% | 9% |   |   |   |   | Total      Capital = | 0 |
| Average      GOR                     | Scf/STB | 600 | 800 | 450 | 600 | 600 |   |   |   |   |   |   |

----

| Table      4a, Page 2              |                      |
|------------------------------------|---------------------------|
| GEOGLOBAL      RESOURCES INC.      |                      |
| Block      CB-ON/2, Tarapur, India |                      |
| Proved      Developed Producing    |                      |
| Revenue      and Production Splits |                      |
|                               |                      |   |   |   |   | Operating      Costs |   |   |   |   |   |   |   |   |   |   |
|                               | Gross      Oil Production | Gross      Gas Production | Oil      Price | Gas      Price | Gross      Revenue | Fixed | Variable | Total | Annual      Costs For Recovery | Cumulative      Outstanding Costs | Contractor      Cumulative Cash Flow | Contractor's      Cost Petroleum Revenue | Contractor's      Profit Petroleum Revenue | Capital      Portion of Cost Petroleum | Opex      Portion of Cost Petroleum | Company      Share Sales Oil | Company      Share Sales Gas | Company      Share of Revenue |
| Year                               | STB/Yr                    | Mscf/yr. | $/STB | $/Mscf | M$/yr | M$/yr | Oil      M$/yr | Gas      M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | MSTB | MMscf | M$/yr |
| 2010                               | 117,530                   | 65,007 | 57.80 | 7.00 | 7,248 | 700 | 313 | 23 | 1,035 | 1,035 | 40,956 | (33,426) | 5,799 | 1,450 | 4,763 | 1,035 | 21 | 12 | 1,301 |
| 2011                               | 103,296                   | 57,514 | 57.80 | 7.00 | 6,373 | 700 | 275 | 20 | 995 | 995 | 36,152 | (28,048) | 5,099 | 1,275 | 4,104 | 995 | 18 | 10 | 1,138 |
| 2012                               | 90,950                    | 50,970 | 57.80 | 7.00 | 5,614 | 700 | 242 | 18 | 960 | 960 | 32,013 | (23,394) | 4,491 | 1,123 | 3,531 | 960 | 16 | 9 | 998 |
| 2013                               | 80,221                    | 45,243 | 57.80 | 7.00 | 4,953 | 700 | 213 | 16 | 929 | 929 | 28,452 | (19,370) | 3,963 | 991 | 3,034 | 929 | 14 | 8 | 876 |
| 2014                               | 70,883                    | 40,223 | 57.80 | 7.00 | 4,379 | 700 | 189 | 14 | 903 | 903 | 25,392 | (15,894) | 3,503 | 876 | 2,600 | 903 | 12 | 7 | 769 |
| 2015                               | 62,741                    | 35,815 | 57.80 | 7.00 | 3,877 | 700 | 167 | 13 | 879 | 879 | 22,768 | (12,896) | 3,102 | 775 | 2,222 | 879 | 11 | 6 | 676 |
| 2016                               | 55,628                    | 31,937 | 57.80 | 7.00 | 3,439 | 700 | 148 | 11 | 859 | 859 | 20,526 | (10,316) | 2,751 | 688 | 1,892 | 859 | 10 | 6 | 595 |
| 2017                               | 49,405                    | 28,521 | 57.80 | 7.00 | 3,055 | 700 | 131 | 10 | 841 | 841 | 18,616 | (8,103) | 2,444 | 611 | 1,603 | 841 | 8 | 5 | 524 |
| 2018                               | 43,948                    | 25,505 | 57.80 | 7.00 | 2,719 | 700 | 117 | 9 | 826 | 826 | 16,997 | (6,210) | 2,175 | 544 | 1,349 | 826 | 7 | 4 | 462 |
| 2019                               | 39,157                    | 22,839 | 57.80 | 7.00 | 2,423 | 700 | 104 | 8 | 812 | 812 | 15,635 | (4,599) | 1,939 | 485 | 1,126 | 812 | 7 | 4 | 407 |
| 2020                               | 34,941                    | 20,478 | 57.80 | 7.00 | 2,163 | 700 | 93 | 7 | 800 | 800 | 14,496 | (3,236) | 1,730 | 433 | 930 | 800 | 6 | 3 | 359 |
| 2021                               | 31,226                    | 18,384 | 57.80 | 7.00 | 1,934 | 700 | 83 | 6 | 789 | 789 | 13,555 | (2,092) | 1,547 | 387 | 757 | 789 | 5 | 3 | 316 |
| 2022                               | 27,945                    | 16,524 | 57.80 | 7.00 | 1,731 | 700 | 74 | 6 | 780 | 780 | 12,789 | (1,141) | 1,385 | 346 | 605 | 780 | 4 | 3 | 279 |
| 2023                               | 25,044                    | 14,868 | 57.80 | 7.00 | 1,552 | 700 | 67 | 5 | 772 | 772 | 12,176 | (361) | 1,241 | 310 | 469 | 772 | 4 | 2 | 245 |
| 2024                               | 22,474                    | 13,393 | 57.80 | 7.00 | 1,393 | 700 | 60 | 5 | 764 | 764 | 11,699 | 267 | 1,114 | 279 | 350 | 764 | 3 | 2 | 216 |
| 2025                               | 20,193                    | 12,076 | 57.80 | 7.00 | 1,252 | 700 | 54 | 4 | 758 | 758 | 11,343 | 761 | 1,001 | 250 | 243 | 758 | 3 | 2 | 190 |
| 2026                               | 18,165                    | 10,899 | 57.80 | 7.00 | 1,126 | 700 | 48 | 4 | 752 | 752 | 11,093 | 1,112 | 901 | 203 | 149 | 752 | 3 | 2 | 163 |
| 2027                               | 16,360                    | 9,847 | 57.80 | 7.00 | 1,015 | 700 | 44 | 3 | 747 | 847 | 11,039 | 1,260 | 812 | 183 | 0 | 812 | 2 | 1 | 139 |
| 2028                               | 12,402                    | 7,846 | 57.80 | 7.00 | 772 | 600 | 33 | 3 | 636 | 736 | 10,964 | 1,280 | 617 | 139 | 0 | 617 | 2 | 1 | 106 |
| 2029                               | 8,390                     | 5,399 | 57.80 | 7.00 | 523 | 500 | 22 | 2 | 524 | 824 | 11,170 | 968 | 418 | 94 | 0 | 418 | 1 | 1 | 72 |
| Total                              | 930,898                   | 533,287 |   |   | 57,539 | 13,700 | 2,476 | 187 | 16,363 | 16,863 |   |   | 46,031 | 11,439 | 29,728 | 16,303 | 159 | 91 | 9,830 |
|                               |                      |   |   |   |   |   | 2.66 | 0.35 |   | Contractor      Sunk Capital = | 43,900 |   | 80% |   |   |   |   |   |   |
|                               |                      |   |   |   |   |   | per      barrel | per      Mscf |   |   |   |   | maximum |   |   |   |   |   |   |
|                               |                      |   |   |   |   |   |   |   |   |   |   |   | cost      recovery |   |   |   |   |   |   |

----

| Table 4a, Page  3                  |
|------------------------------------|
| GEOGLOBAL      RESOURCES INC.      |
| Block      CB-ON/2, Tarapur, India |
| Proved      Developed Producing    |
| R      Factor Determination        | Company      Net Cash Flow |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Discounted      @ |
|                               | Contractor      Cum Net Cash Income | Contractor      Capital | Capital      Int. | Company      Net Capital | Contractor      Cum Net Capital | R      Factor | Contractor      Profit Share |   |   | Company      Net Cash Flow | Company      Taxable Income | Available      Tax Pools | Company      Income Tax | Company      After Tax Cash Flow | 5% | 10% | 15% | 20% |
| Year                               | M$ | M$/yr |   | M$/yr | M$ | Ratio | Frac. |   | Year | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ |
| 2010                               | 10,474 | 0 | 14.00% | 0 | 43,900 | 0.24 | 1.0 |   | 2010 | 1,156 | 0 | 7,988 | 0 | 1,156 | 1,128 | 1,102 | 1,078 | 1,055 |
| 2011                               | 15,852 | 0 | 14.00% | 0 | 43,900 | 0.36 | 1.0 |   | 2011 | 999 | 0 | 6,832 | 0 | 999 | 929 | 866 | 810 | 760 |
| 2012                               | 20,506 | 0 | 14.00% | 0 | 43,900 | 0.47 | 1.0 |   | 2012 | 863 | 0 | 5,833 | 0 | 863 | 764 | 680 | 609 | 547 |
| 2013                               | 24,530 | 0 | 14.00% | 0 | 43,900 | 0.56 | 1.0 |   | 2013 | 745 | 0 | 4,969 | 0 | 745 | 628 | 534 | 457 | 394 |
| 2014                               | 28,006 | 0 | 14.00% | 0 | 43,900 | 0.64 | 1.0 |   | 2014 | 643 | 0 | 4,224 | 0 | 643 | 516 | 419 | 343 | 283 |
| 2015                               | 31,004 | 0 | 14.00% | 0 | 43,900 | 0.71 | 1.0 |   | 2015 | 553 | 0 | 3,581 | 0 | 553 | 423 | 327 | 256 | 203 |
| 2016                               | 33,584 | 0 | 14.00% | 0 | 43,900 | 0.77 | 1.0 |   | 2016 | 475 | 0 | 3,028 | 0 | 475 | 346 | 255 | 191 | 145 |
| 2017                               | 35,797 | 0 | 14.00% | 0 | 43,900 | 0.82 | 1.0 |   | 2017 | 406 | 0 | 2,554 | 0 | 406 | 282 | 199 | 142 | 103 |
| 2018                               | 37,690 | 0 | 14.00% | 0 | 43,900 | 0.86 | 1.0 |   | 2018 | 346 | 0 | 2,147 | 0 | 346 | 229 | 154 | 105 | 73 |
| 2019                               | 39,301 | 0 | 14.00% | 0 | 43,900 | 0.90 | 1.0 |   | 2019 | 293 | 0 | 1,802 | 0 | 293 | 184 | 119 | 78 | 52 |
| 2020                               | 40,664 | 0 | 14.00% | 0 | 43,900 | 0.93 | 1.0 |   | 2020 | 247 | 0 | 1,508 | 0 | 247 | 148 | 91 | 57 | 36 |
| 2021                               | 41,808 | 0 | 14.00% | 0 | 43,900 | 0.95 | 1.0 |   | 2021 | 206 | 0 | 1,262 | 0 | 206 | 117 | 69 | 41 | 25 |
| 2022                               | 42,759 | 0 | 14.00% | 0 | 43,900 | 0.97 | 1.0 |   | 2022 | 169 | 0 | 1,056 | 0 | 169 | 92 | 51 | 30 | 17 |
| 2023                               | 43,539 | 0 | 14.00% | 0 | 43,900 | 0.99 | 1.0 |   | 2023 | 137 | 0 | 887 | 0 | 137 | 71 | 38 | 21 | 12 |
| 2024                               | 44,167 | 0 | 14.00% | 0 | 43,900 | 1.01 | 1.0 |   | 2024 | 109 | 0 | 749 | 0 | 109 | 54 | 27 | 14 | 8 |
| 2025                               | 44,661 | 0 | 14.00% | 0 | 43,900 | 1.02 | 0.90 |   | 2025 | 84 | 0 | 641 | 0 | 84 | 39 | 19 | 10 | 5 |
| 2026                               | 45,012 | 0 | 14.00% | 0 | 43,900 | 1.03 | 0.90 |   | 2026 | 58 | 0 | 557 | 0 | 58 | 26 | 12 | 6 | 3 |
| 2027                               | 45,260 | 100 | 14.00% | 14 | 44,000 | 1.03 | 0.90 |   | 2027 | 21 | 0 | 499 | 0 | 21 | 9 | 4 | 2 | 1 |
| 2028                               | 45,380 | 100 | 14.00% | 14 | 44,100 | 1.03 | 0.90 |   | 2028 | 3 | 0 | 473 | 0 | 3 | 1 | 0 | 0 | 0 |
| 2029                               | 45,368 | 300 | 14.00% | 42 | 44,400 | 1.02 | 0.90 |   | 2029 | (44) | 0 | 454 | 0 | (44) | (17) | (7) | (3) | (1) |
| Total                              |   | 500 |   | 70 |   |   |   |   | Total | 7,469 |   |   | 0 | 7,469 | 5,968 | 4,960 | 4,247 | 3,722 |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Company      Capital Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Company      Working Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Capex      Recovery= | 20.0% |   |   |   |   |

----

| Table      4b, Page 1                |
|--------------------------------------|
| GEOGLOBAL      RESOURCES INC.        |
| Block      CB-ON/2, Tarapur, India   |
| Total      Proved                    |
| Production      and Capital Forecast |
|                                 |   |   |   | Tarapur      Wells |   |   |   |   |   |   |   |
|                                 |   |   |   | TAR      MAIN TAR - 1 Kalol | TAR      MAIN TAR - P Kalol | TAR      MAIN TAR - 5 Kalol | TAR      MAIN TD-1 Kalol | TAR      MAIN TD-2 Kalol | TAR      MAIN TD-3 Kalol | Total      Oil Production | Solution      Gas Sales | Total      Gas |   |
|                                 | Year | Days      On | Well      Count | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/yr. | Mscf/d | Mscf/d | Mscf/yr. | Total      Capital |
|                                 | 2010 | 365 | 6.0 | 50 | 37 | 150 | 50 | 40 | 45 | 372 | 135,780 | 208 | 208 | 75,957 | 0 |
|                                 | 2011 | 365 | 6.0 | 46 | 33 | 126 | 45 | 37 | 41 | 328 | 119,793 | 185 | 185 | 67,412 | 0 |
|                                 | 2012 | 365 | 6.0 | 42 | 30 | 106 | 41 | 34 | 38 | 290 | 105,861 | 164 | 164 | 59,917 | 0 |
|                                 | 2013 | 365 | 6.0 | 38 | 27 | 89 | 37 | 32 | 34 | 257 | 93,700 | 146 | 146 | 53,330 | 0 |
|                                 | 2014 | 365 | 6.0 | 35 | 24 | 75 | 33 | 29 | 31 | 228 | 83,067 | 130 | 130 | 47,533 | 0 |
|                                 | 2015 | 365 | 6.0 | 32 | 22 | 63 | 30 | 27 | 29 | 202 | 73,754 | 116 | 116 | 42,423 | 0 |
|                                 | 2016 | 365 | 6.0 | 29 | 20 | 53 | 27 | 25 | 26 | 180 | 65,584 | 104 | 104 | 37,911 | 0 |
|                                 | 2017 | 365 | 6.0 | 27 | 18 | 44 | 25 | 23 | 24 | 160 | 58,404 | 93 | 93 | 33,920 | 0 |
|                                 | 2018 | 365 | 6.0 | 24 | 16 | 37 | 22 | 21 | 22 | 143 | 52,083 | 83 | 83 | 30,386 | 0 |
|                                 | 2019 | 365 | 6.0 | 22 | 14 | 31 | 20 | 20 | 20 | 127 | 46,510 | 75 | 75 | 27,251 | 0 |
|                                 | 2020 | 365 | 6.0 | 20 | 13 | 26 | 18 | 18 | 18 | 114 | 41,588 | 67 | 67 | 24,466 | 0 |
|                                 | 2021 | 365 | 6.0 | 19 | 12 | 22 | 16 | 17 | 17 | 102 | 37,234 | 60 | 60 | 21,989 | 0 |
|                                 | 2022 | 365 | 6.0 | 17 | 10 | 18 | 15 | 16 | 15 | 91 | 33,376 | 54 | 54 | 19,782 | 0 |
|                                 | 2023 | 365 | 6.0 | 16 | 9 | 15 | 13 | 14 | 14 | 82 | 29,953 | 49 | 49 | 17,813 | 0 |
|                                 | 2024 | 365 | 6.0 | 14 | 8 | 13 | 12 | 13 | 13 | 74 | 26,911 | 44 | 44 | 16,055 | 0 |
|                                 | 2025 | 365 | 6.0 | 13 | 8 | 11 | 11 | 12 | 12 | 66 | 24,204 | 40 | 40 | 14,483 | 0 |
|                                 | 2026 | 365 | 6.0 | 12 | 7 | 9 | 10 | 11 | 11 | 60 | 21,791 | 36 | 36 | 13,075 | 0 |
|                                 | 2027 | 365 | 6.0 | 11 | 6 | 8 | 9 | 10 | 10 | 54 | 19,637 | 32 | 32 | 11,813 | 100 |
|                                 | 2028 | 365 | 5.0 | 10 | 6 | 0 | 8 | 10 | 9 | 42 | 15,364 | 26 | 26 | 9,624 | 100 |
|                                 | 2029 | 365 | 4.0 | 9 | 5 | 0 | 7 | 9 | 0 | 30 | 11,068 | 19 | 19 | 7,005 | 400 |
|                                 | Total |   |   | 142,239 | 92,956 | 225,785 | 130,016 | 124,546 | 124,546 |   | 840,088 | 632,145 |   | 488,776 | 600 |
|                                 | Decline      % = |   | 9% | 10% | 16% | 10% | 8% | 9% |   |   |   |   |   |   |
|                                 | Average      GOR | Scf/STB | 600 | 800 | 450 | 600 | 600 | 600 |   |   |   |   |   |   |

----

| Table      4b, Page 2              |
|------------------------------------|
| GEOGLOBAL      RESOURCES INC.      |
| Block      CB-ON/2, Tarapur, India |
| Total      Proved                  |
| Revenue      and Production Splits |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   | Operating      Costs |   |   |   |   |   |   |   |   |   |   |
|                               | Gross      Oil Production | Gross      Gas Production | Oil      Price | Gas      Price | Gross      Revenue | Royalties      + Cess | Fixed | Variable | Total | Annual      Costs For Recovery | Cumulative      Outstanding Costs | Contractor      Cumulative Cash Flow | Contractor's      Cost Petroleum Revenue | Contractor's      Profit Petroleum Revenue | Capital      Portion of Cost Petroleum | Opex      Portion of Cost Petroleum | Company      Share Sales Oil | Company      Share Sales Gas | Company      Share of Revenue |
| Year                               | STB/Yr | Mscf/yr. | $/STB | $/Mscf | M$/yr |   | M$/yr | M$/yr | Oil      M$/yr | Gas      M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | MSTB | MMscf | M$/yr |
| 2010                               | 135,780 | 75,957 | 57.80 | 7.00 | 8,380 |   | 0 | 800 | 361 | 27 | 1,188 | 1,188 | 41,108 | (32,447) | 6,704 | 1,676 | 5,516 | 1,188 | 24 | 14 | 1,504 |
| 2011                               | 119,793 | 67,412 | 57.80 | 7.00 | 7,396 |   | 0 | 800 | 319 | 24 | 1,142 | 1,142 | 35,547 | (26,194) | 5,917 | 1,479 | 4,774 | 1,142 | 21 | 12 | 1,322 |
| 2012                               | 105,861 | 59,917 | 57.80 | 7.00 | 6,538 |   | 0 | 800 | 282 | 21 | 1,103 | 1,103 | 30,733 | (20,758) | 5,231 | 1,308 | 4,128 | 1,103 | 19 | 11 | 1,163 |
| 2013                               | 93,700 | 53,330 | 57.80 | 7.00 | 5,789 |   | 0 | 800 | 249 | 19 | 1,068 | 1,068 | 26,570 | (16,037) | 4,631 | 1,158 | 3,563 | 1,068 | 17 | 9 | 1,024 |
| 2014                               | 83,067 | 47,533 | 57.80 | 7.00 | 5,134 |   | 0 | 800 | 221 | 17 | 1,038 | 1,038 | 22,976 | (11,940) | 4,107 | 1,027 | 3,070 | 1,038 | 15 | 8 | 903 |
| 2015                               | 73,754 | 42,423 | 57.80 | 7.00 | 4,560 |   | 0 | 800 | 196 | 15 | 1,011 | 1,011 | 19,880 | (8,391) | 3,648 | 912 | 2,637 | 1,011 | 13 | 7 | 797 |
| 2016                               | 65,584 | 37,911 | 57.80 | 7.00 | 4,056 |   | 0 | 800 | 174 | 13 | 988 | 988 | 17,220 | (5,323) | 3,245 | 811 | 2,257 | 988 | 11 | 7 | 703 |
| 2017                               | 58,404 | 33,920 | 57.80 | 7.00 | 3,613 |   | 0 | 800 | 155 | 12 | 967 | 967 | 14,942 | (2,677) | 2,891 | 723 | 1,923 | 967 | 10 | 6 | 621 |
| 2018                               | 52,083 | 30,386 | 57.80 | 7.00 | 3,223 |   | 0 | 800 | 139 | 11 | 949 | 949 | 13,001 | (403) | 2,578 | 645 | 1,629 | 949 | 9 | 5 | 549 |
| 2019                               | 46,510 | 27,251 | 57.80 | 7.00 | 2,879 |   | 0 | 800 | 124 | 10 | 933 | 933 | 11,355 | 1,543 | 2,303 | 576 | 1,370 | 933 | 8 | 5 | 485 |
| 2020                               | 41,588 | 24,466 | 57.80 | 7.00 | 2,575 |   | 0 | 800 | 111 | 9 | 919 | 919 | 9,971 | 3,199 | 2,060 | 515 | 1,141 | 919 | 7 | 4 | 429 |
| 2021                               | 37,234 | 21,989 | 57.80 | 7.00 | 2,306 |   | 0 | 800 | 99 | 8 | 907 | 907 | 8,818 | 4,552 | 1,845 | 415 | 938 | 907 | 6 | 4 | 373 |
| 2022                               | 33,376 | 19,782 | 57.80 | 7.00 | 2,068 |   | 0 | 800 | 89 | 7 | 896 | 896 | 7,869 | 5,682 | 1,654 | 372 | 758 | 896 | 5 | 3 | 329 |
| 2023                               | 29,953 | 17,813 | 57.80 | 7.00 | 1,856 |   | 0 | 800 | 80 | 6 | 886 | 886 | 7,101 | 6,615 | 1,485 | 334 | 599 | 886 | 5 | 3 | 291 |
| 2024                               | 26,911 | 16,055 | 57.80 | 7.00 | 1,668 |   | 0 | 800 | 72 | 6 | 877 | 877 | 6,493 | 7,373 | 1,334 | 300 | 457 | 877 | 4 | 2 | 256 |
| 2025                               | 24,204 | 14,483 | 57.80 | 7.00 | 1,500 |   | 0 | 800 | 64 | 5 | 869 | 869 | 6,028 | 7,973 | 1,200 | 270 | 331 | 869 | 4 | 2 | 226 |
| 2026                               | 21,791 | 13,075 | 57.80 | 7.00 | 1,351 |   | 0 | 800 | 58 | 5 | 863 | 863 | 5,691 | 8,435 | 1,081 | 243 | 218 | 863 | 3 | 2 | 198 |
| 2027                               | 19,637 | 11,813 | 57.80 | 7.00 | 1,218 |   | 0 | 800 | 52 | 4 | 856 | 956 | 5,566 | 8,672 | 974 | 219 | 18 | 956 | 3 | 2 | 168 |
| 2028                               | 15,364 | 9,624 | 57.80 | 7.00 | 955 |   | 0 | 700 | 41 | 3 | 744 | 844 | 5,436 | 8,764 | 764 | 172 | 0 | 764 | 2 | 1 | 131 |
| 2029                               | 11,068 | 7,005 | 57.80 | 7.00 | 689 |   | 0 | 600 | 29 | 2 | 632 | 1,032 | 5,704 | 8,407 | 551 | 124 | 0 | 551 | 2 | 1 | 94 |
| Total                              | 1,095,661 | 632,145 |   |   | 67,754 |   | 0 | 15,700 | 2,914 | 221 | 18,836 | 19,436 |   |   | 54,203 | 13,279 | 35,328 | 18,875 | 187 | 108 | 11,567 |
|                               |   |   |   |   |   |   |   |   | 2.66 | 0.35 |   | Contractor      Sunk Capital = | 43,900 |   | 80% |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   | per      barrel | per      Mscf |   |   |   |   | maximum |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   | cost      recovery |   |   |   |   |   |   |

----

| Table      4b, Page 3              |
|------------------------------------|
| GEOGLOBAL      RESOURCES INC.      |
| Block      CB-ON/2, Tarapur, India |
| Total      Proved                  |
| R      Factor Determination        | Company      Net Cash Flow |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Discounted      @ |
|                               | ContractorCum      NetCashIncome | Contractor      Capital | Capital      Int. | CompanyNet      Capital | ContractorCum      Net Capital | R      Factor | Contractor      Profit Share |   |   | CompanyNet      CashFlow | Company      Taxable Income | AvailableTax      Pools | Company      Income Tax | Company      After Tax Cash Flow | 5% | 10% | 15% | 20% |
| Year                               | M$ | M$/yr |   | M$/yr | M$ | Ratio | Frac. |   | Year | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ |
| 2010                               | 11,453 | 0 | 14.00% | 0 | 43,900 | 0.26 | 1.0 |   | 2010 | 1,338 | 0 | 7,988 | 0 | 1,338 | 1,306 | 1,276 | 1,248 | 1,221 |
| 2011                               | 17,706 | 0 | 14.00% | 0 | 43,900 | 0.40 | 1.0 |   | 2011 | 1,162 | 0 | 6,650 | 0 | 1,162 | 1,080 | 1,007 | 942 | 884 |
| 2012                               | 23,142 | 0 | 14.00% | 0 | 43,900 | 0.53 | 1.0 |   | 2012 | 1,009 | 0 | 5,488 | 0 | 1,009 | 893 | 795 | 711 | 639 |
| 2013                               | 27,863 | 0 | 14.00% | 0 | 43,900 | 0.63 | 1.0 |   | 2013 | 875 | 0 | 4,479 | 0 | 875 | 737 | 627 | 536 | 462 |
| 2014                               | 31,960 | 0 | 14.00% | 0 | 43,900 | 0.73 | 1.0 |   | 2014 | 758 | 0 | 3,604 | 0 | 758 | 608 | 493 | 404 | 334 |
| 2015                               | 35,509 | 0 | 14.00% | 0 | 43,900 | 0.81 | 1.0 |   | 2015 | 655 | 0 | 2,847 | 0 | 655 | 501 | 388 | 304 | 240 |
| 2016                               | 38,577 | 0 | 14.00% | 0 | 43,900 | 0.88 | 1.0 |   | 2016 | 565 | 0 | 2,192 | 0 | 565 | 411 | 304 | 228 | 173 |
| 2017                               | 41,223 | 0 | 14.00% | 0 | 43,900 | 0.94 | 1.0 |   | 2017 | 486 | 0 | 1,626 | 0 | 486 | 337 | 238 | 170 | 124 |
| 2018                               | 43,497 | 0 | 14.00% | 0 | 43,900 | 0.99 | 1.0 |   | 2018 | 416 | 0 | 1,141 | 0 | 416 | 275 | 185 | 127 | 88 |
| 2019                               | 45,443 | 0 | 14.00% | 0 | 43,900 | 1.04 | 1.0 |   | 2019 | 355 | 0 | 725 | 0 | 355 | 223 | 143 | 94 | 63 |
| 2020                               | 47,099 | 0 | 14.00% | 0 | 43,900 | 1.07 | 0.90 |   | 2020 | 300 | 0 | 370 | 0 | 300 | 180 | 110 | 69 | 44 |
| 2021                               | 48,452 | 0 | 14.00% | 0 | 43,900 | 1.10 | 0.90 |   | 2021 | 246 | 0 | 70 | 0 | 246 | 140 | 82 | 49 | 30 |
| 2022                               | 49,582 | 0 | 14.00% | 0 | 43,900 | 1.13 | 0.90 |   | 2022 | 204 | 52 | 0 | 21 | 182 | 99 | 55 | 32 | 19 |
| 2023                               | 50,515 | 0 | 14.00% | 0 | 43,900 | 1.15 | 0.90 |   | 2023 | 167 | 47 | 0 | 19 | 147 | 76 | 41 | 22 | 13 |
| 2024                               | 51,273 | 0 | 14.00% | 0 | 43,900 | 1.17 | 0.90 |   | 2024 | 133 | 42 | 0 | 17 | 116 | 57 | 29 | 15 | 8 |
| 2025                               | 51,873 | 0 | 14.00% | 0 | 43,900 | 1.18 | 0.90 |   | 2025 | 104 | 38 | 0 | 16 | 88 | 41 | 20 | 10 | 5 |
| 2026                               | 52,335 | 0 | 14.00% | 0 | 43,900 | 1.19 | 0.90 |   | 2026 | 78 | 34 | 0 | 14 | 64 | 28 | 13 | 6 | 3 |
| 2027                               | 52,672 | 100 | 14.00% | 14 | 44,000 | 1.20 | 0.90 |   | 2027 | 34 | 31 | 0 | 13 | 22 | 9 | 4 | 2 | 1 |
| 2028                               | 52,864 | 100 | 14.00% | 14 | 44,100 | 1.20 | 0.90 |   | 2028 | 13 | 24 | 0 | 10 | 3 | 1 | 1 | 0 | 0 |
| 2029                               | 52,907 | 400 | 14.00% | 56 | 44,500 | 1.19 | 0.90 |   | 2029 | (50) | 0 | 0 | 0 | (50) | (19) | (8) | (3) | (1) |
| Total                              |   | 600 |   | 84 |   |   |   |   | Total | 8,846 |   |   | 110 | 8,736 | 6,985 | 5,804 | 4,967 | 4,350 |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Company      Capital Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Company      Working Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | Capex      Recovery= | 20.0% |   |   |   |   |

----

| Table      4c, Page 1                |
|--------------------------------------|
| GEOGLOBAL      RESOURCES INC.        |
| Block      CB-ON/2, Tarapur, India   |
| Total      Proved Plus Probable      |
| Production      and Capital Forecast |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   | Tarapur      Wells |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   | TAR      MAIN TAR - 1 Kalol | TAR      MAIN TAR - P Kalol | TAR      MAIN TAR - 5 Kalol | TAR      MAIN TD-1 Kalol | TAR      MAIN TD-2 Kalol | TAR      MAIN TD-3 Kalol | TAR-6 | TAR-6      A1 | TAR-6      A2 | TAR-6      A3 | TAR-6      A4 | TAR-6      A5 | TAR-6      A6 | TAR-6      A7 | TAR-4 | TAR-4      Dev. 1 | Total      OilProduction | Solution      Gas Sales | TAR      - G Kalol | Total      Gas |   |
| Year                                 | Days      On | Well      Count | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/d | STB/yr. | Mscf/d | Mscf/d | Mscf/d | Mscf/yr. | Total      Capital |
| 2010                                 | 365 | 17.0 | 50 | 37 | 150 | 50 | 40 | 45 | - | - | - | - | - | - | - | - | - | - | 372 | 135,780 | 208 | - | 208 | 75,957 | 0 |
| 2011                                 | 365 | 17.0 | 43 | 31 | 134 | 43 | 35 | 39 | - | - | - | - | - | - | - | - | - | - | 325 | 118,605 | 181 | - | 181 | 66,045 | 0 |
| 2012                                 | 365 | 17.0 | 100 | 100 | 150 | 100 | 100 | 100 | 130 | 120 | 120 | 120 | 90 | 130 | 100 | 100 | - | - | 1560 | 569,400 | 388 | - | 388 | 141,438 | 8,750 |
| 2013                                 | 365 | 17.0 | 85 | 83 | 134 | 87 | 87 | 87 | 107 | 100 | 101 | 97 | 73 | 106 | 82 | 81 | 200 | 200 | 1710 | 624,291 | 334 | 1500 | 1834 | 669,525 | 4,000 |
| 2014                                 | 365 | 17.0 | 73 | 69 | 120 | 75 | 76 | 75 | 88 | 83 | 85 | 78 | 59 | 87 | 67 | 66 | 172 | 172 | 1446 | 527,665 | 289 | 1337 | 1625 | 593,289 | 0 |
| 2015                                 | 365 | 17.0 | 62 | 57 | 108 | 65 | 66 | 66 | 72 | 69 | 72 | 63 | 48 | 71 | 55 | 54 | 148 | 148 | 1223 | 446,399 | 249 | 1191 | 1441 | 525,865 | 0 |
| 2016                                 | 365 | 17.0 | 53 | 47 | 97 | 56 | 57 | 57 | 59 | 58 | 60 | 51 | 39 | 58 | 45 | 44 | 127 | 127 | 1036 | 377,993 | 215 | 1062 | 1277 | 466,217 | 0 |
| 2017                                 | 365 | 17.0 | 45 | 39 | 87 | 49 | 50 | 49 | 49 | 48 | 51 | 41 | 31 | 48 | 37 | 36 | 109 | 109 | 878 | 320,362 | 186 | 946 | 1133 | 413,429 | 0 |
| 2018                                 | 365 | 17.0 | 39 | 33 | 78 | 42 | 43 | 43 | 40 | 40 | 43 | 33 | 25 | 39 | 30 | 29 | 94 | 94 | 745 | 271,766 | 161 | 843 | 1005 | 366,699 | 0 |
| 2019                                 | 365 | 17.0 | 33 | 27 | 70 | 36 | 38 | 37 | 33 | 33 | 36 | 27 | 21 | 32 | 25 | 24 | 81 | 81 | 632 | 230,753 | 140 | 752 | 891 | 325,318 | 0 |
| 2020                                 | 365 | 17.0 | 28 | 22 | 62 | 32 | 33 | 32 | 27 | 28 | 30 | 22 | 17 | 26 | 20 | 19 | 69 | 69 | 537 | 196,109 | 121 | 670 | 791 | 288,665 | 0 |
| 2021                                 | 365 | 17.0 | 24 | 19 | 56 | 27 | 29 | 28 | 22 | 23 | 25 | 18 | 14 | 21 | 17 | 16 | 60 | 60 | 457 | 166,819 | 105 | 597 | 702 | 256,191 | 0 |
| 2022                                 | 365 | 17.0 | 20 | 15 | 50 | 24 | 25 | 24 | 18 | 19 | 21 | 14 | 11 | 17 | 14 | 13 | 51 | 51 | 389 | 142,033 | 91 | 532 | 623 | 227,411 | 0 |
| 2023                                 | 365 | 17.0 | 17 | 13 | 45 | 20 | 22 | 21 | 15 | 16 | 18 | 11 | 9 | 14 | 11 | 10 | 44 | 44 | 332 | 121,040 | 79 | 474 | 553 | 201,899 | 0 |
| 2024                                 | 365 | 17.0 | 15 | 11 | 40 | 18 | 19 | 18 | 12 | 13 | 15 | 9 | 7 | 12 | 9 | 8 | 38 | 38 | 283 | 103,243 | 69 | 423 | 491 | 179,279 | 0 |
| 2025                                 | 365 | 17.0 | 13 | 9 | 36 | 15 | 16 | 16 | 10 | 11 | 13 | 7 | 6 | 10 | 7 | 7 | 32 | 32 | 241 | 88,143 | 60 | 377 | 436 | 159,218 | 0 |
| 2026                                 | 365 | 17.0 | 11 | 7 | 32 | 13 | 14 | 14 | 8 | 9 | 11 | 6 | 5 | 8 | 6 | 6 | 28 | 28 | 206 | 75,319 | 52 | 336 | 387 | 141,423 | 0 |
| 2027                                 | 365 | 17.0 | 9 | 6 | 29 | 11 | 12 | 12 | 7 | 8 | 9 | 5 | 4 | 6 | 5 | 5 | 24 | 24 | 176 | 64,419 | 45 | 299 | 344 | 125,636 | 0 |
| 2028                                 | 365 | 17.0 | 8 | 5 | 26 | 10 | 11 | 10 | 6 | 6 | 8 | 4 | 3 | 5 | 4 | 4 | 21 | 21 | 151 | 55,145 | 39 | 267 | 306 | 111,626 | 0 |
| 2029                                 | 365 | 17.0 | 7 | 4 | 23 | 9 | 9 | 9 | 5 | 5 | 6 | 3 | 3 | 4 | 3 | 3 | 18 | 18 | 129 | 47,248 | 34 | 238 | 272 | 99,191 | 0 |
| 2030                                 | 365 | 17.0 | 6 | 3 | 21 | 7 | 8 | 8 | 4 | 4 | 5 | 3 | 2 | 3 | 3 | 2 | 15 | 15 | 111 | 40,518 | 30 | 212 | 242 | 88,153 | 0 |
| 2031                                 | 365 | 17.0 | 5 | 3 | 19 | 6 | 7 | 7 | 3 | 4 | 5 | 2 | 2 | 3 | 2 | 2 | 13 | 13 | 95 | 34,777 | 26 | 189 | 215 | 78,352 | 1,700 |
| Total                                |   | 237,953 | 209,190 | 468,239 | 256,550 | 264,013 | 261,089 | 260,808 | 255,955 | 267,902 | 224,505 | 170,582 | 256,214 | 197,993 | 193,220 | 490,462 | 490,462 |   | 4,503,442 | 1,131,824 | 4,469,000 |   | 5,458,823 | 14,450 |
| Decline      % =                     |   | 15% | 17% | 10% | 13% | 13% | 13% | 18% | 17% | 16% | 19% | 19% | 18% | 18% | 19% | 14% | 14% |   |   |   | 11% |   |   |   |
| Average      GOR                     | Scf/STB | 600 | 800 | 450 | 600 | 600 | 600 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 500 | 500 |   |   |   |   |   |   |   |

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| Table      4c, Page 2              |
|------------------------------------|
| GEOGLOBAL      RESOURCES INC.      |
| Block      CB-ON/2, Tarapur, India |
| Total      Proved Plus Probable    |
| Revenue      and Production Splits |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   | Operating      Costs |   |   |   |   |   |   |   |   |   |   |
|                               | Gross      Oil Production | Gross      Gas Production | Oil      Price | Gas      Price | Gross      Revenue | Fixed | Variable | Total | Annual      Costs For Recovery | Cumulative      Outstanding Costs | Contractor      Cumulative Cash Flow | Contractor's      Cost Petroleum Revenue | Contractor's      Profit Petroleum Revenue | Capital      Portion of Cost Petroleum | Opex      Portion of Cost Petroleum | Company      Share Sales Oil | Company      Share Sales Gas | Company      Share of Revenue |
| Year                               | STB/Yr | Mscf/yr. | $/STB | $/Mscf | M$/yr | M$/yr | Oil      M$/yr | Gas      M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | M$/yr | MSTB | MMscf | M$/yr |
| 2010                               | 135,780 | 75,957 | 57.80 | 7.00 | 8,380 | 1,900 | 361 | 27 | 2,288 | 2,288 | 42,208 | (33,547) | 6,704 | 1,676 | 4,416 | 2,288 | 23 | 13 | 1,438 |
| 2011                               | 118,605 | 66,045 | 57.80 | 7.00 | 7,318 | 1,900 | 315 | 23 | 2,239 | 2,239 | 37,743 | (28,468) | 5,854 | 1,464 | 3,616 | 2,239 | 20 | 11 | 1,241 |
| 2012                               | 569,400 | 141,438 | 57.80 | 7.00 | 33,901 | 1,900 | 1,515 | 50 | 3,464 | 12,214 | 44,103 | (6,781) | 27,121 | 6,780 | 14,907 | 12,214 | 95 | 24 | 5,641 |
| 2013                               | 624,291 | 669,525 | 57.80 | 7.00 | 40,771 | 1,900 | 1,661 | 234 | 3,795 | 7,795 | 24,777 | 26,195 | 24,777 | 15,994 | 16,982 | 7,795 | 103 | 110 | 6,727 |
| 2014                               | 527,665 | 593,289 | 57.80 | 7.00 | 34,652 | 1,900 | 1,404 | 208 | 3,511 | 3,511 | 3,511 | 57,336 | 3,511 | 31,141 | 0 | 3,511 | 74 | 83 | 4,851 |
| 2015                               | 446,399 | 525,865 | 57.80 | 7.00 | 29,483 | 1,900 | 1,187 | 184 | 3,271 | 3,271 | 3,271 | 80,926 | 3,271 | 23,590 | 0 | 3,271 | 57 | 67 | 3,761 |
| 2016                               | 377,993 | 466,217 | 57.80 | 7.00 | 25,112 | 1,900 | 1,005 | 163 | 3,069 | 3,069 | 3,069 | 98,560 | 3,069 | 17,634 | 0 | 3,069 | 44 | 54 | 2,898 |
| 2017                               | 320,362 | 413,429 | 57.80 | 7.00 | 21,411 | 1,900 | 852 | 145 | 2,897 | 2,897 | 2,897 | 113,372 | 2,897 | 14,811 | 0 | 2,897 | 37 | 48 | 2,479 |
| 2018                               | 271,766 | 366,699 | 57.80 | 7.00 | 18,275 | 1,900 | 723 | 128 | 2,751 | 2,751 | 2,751 | 124,238 | 2,751 | 10,867 | 0 | 2,751 | 28 | 38 | 1,907 |
| 2019                               | 230,753 | 325,318 | 57.80 | 7.00 | 15,615 | 1,900 | 614 | 114 | 2,628 | 2,628 | 2,628 | 132,030 | 2,628 | 7,792 | 0 | 2,628 | 22 | 30 | 1,459 |
| 2020                               | 196,109 | 288,665 | 57.80 | 7.00 | 13,356 | 1,900 | 522 | 101 | 2,523 | 2,523 | 2,523 | 138,530 | 2,523 | 6,500 | 0 | 2,523 | 19 | 27 | 1,263 |
| 2021                               | 166,819 | 256,191 | 57.80 | 7.00 | 11,435 | 1,900 | 444 | 90 | 2,433 | 2,433 | 2,433 | 143,932 | 2,433 | 5,401 | 0 | 2,433 | 16 | 25 | 1,097 |
| 2022                               | 142,033 | 227,411 | 57.80 | 7.00 | 9,801 | 1,900 | 378 | 80 | 2,357 | 2,357 | 2,357 | 148,398 | 2,357 | 4,466 | 0 | 2,357 | 14 | 22 | 955 |
| 2023                               | 121,040 | 201,899 | 57.80 | 7.00 | 8,409 | 1,900 | 322 | 71 | 2,293 | 2,293 | 2,293 | 151,456 | 2,293 | 3,058 | 0 | 2,293 | 11 | 18 | 749 |
| 2024                               | 103,243 | 179,279 | 57.80 | 7.00 | 7,222 | 1,900 | 275 | 63 | 2,237 | 2,237 | 2,237 | 153,949 | 2,237 | 2,493 | 0 | 2,237 | 9 | 16 | 662 |
| 2025                               | 88,143 | 159,218 | 57.80 | 7.00 | 6,209 | 1,900 | 234 | 56 | 2,190 | 2,190 | 2,190 | 155,958 | 2,190 | 2,010 | 0 | 2,190 | 8 | 15 | 588 |
| 2026                               | 75,319 | 141,423 | 57.80 | 7.00 | 5,343 | 1,900 | 200 | 49 | 2,150 | 2,150 | 2,150 | 157,555 | 2,150 | 1,597 | 0 | 2,150 | 7 | 14 | 525 |
| 2027                               | 64,419 | 125,636 | 57.80 | 7.00 | 4,603 | 1,900 | 171 | 44 | 2,115 | 2,115 | 2,115 | 158,799 | 2,115 | 1,244 | 0 | 2,115 | 7 | 13 | 470 |
| 2028                               | 55,145 | 111,626 | 57.80 | 7.00 | 3,969 | 1,900 | 147 | 39 | 2,086 | 2,086 | 2,086 | 159,740 | 2,086 | 942 | 0 | 2,086 | 6 | 12 | 424 |
| 2029                               | 47,248 | 99,191 | 57.80 | 7.00 | 3,425 | 1,900 | 126 | 35 | 2,060 | 2,060 | 2,060 | 160,423 | 2,060 | 682 | 0 | 2,060 | 5 | 11 | 384 |
| 2030                               | 40,518 | 88,153 | 57.80 | 7.00 | 2,959 | 1,900 | 108 | 31 | 2,039 | 2,039 | 2,039 | 160,883 | 2,039 | 460 | 0 | 2,039 | 5 | 10 | 350 |
| 2031                               | 34,777 | 78,352 | 57.80 | 7.00 | 2,559 | 1,900 | 93 | 27 | 2,020 | 2,020 | 2,020 | 161,152 | 2,020 | 269 | 0 | 2,020 | 4 | 10 | 320 |
| Total                              | 4,757,828 | 5,600,824 |   |   | 314,208 | 41,800 | 12,656 | 1,960 | 56,416 | 69,166 |   |   | 109,087 | 160,871 | 39,920 | 69,166 | 614 | 672 | 40,189 |
|                               |   |   |   |   |   |   | 2.66 | 0.35 |   | Contractor      Sunk Capital = | 43,900 |   | 80% |   |   |   |   |   |   |
|                               |   |   |   |   |   |   | per      barrel | per      Mscf |   |   |   |   | maximum |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   | cost      recovery |   |   |   |   |   |   |

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| Table      4c, Page 3              |
|------------------------------------|
| GEOGLOBAL      RESOURCES INC.      |
| Block      CB-ON/2, Tarapur, India |
| Total      Proved Plus Probable    |
| R      Factor Determination        | Company      Net Cash Flow |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Discounted      @ |
|                               | Contractor      Cum Net Cash Income | Contractor      Capital | Capital      Int. | Company      Net Capital | Contractor      Cum Net Capital | R      Factor | Contractor      Profit Share |   |   | Company      Net Cash Flow | Company      Taxable Income | Available      Tax Pools | Company      Income Tax | Company      After Tax Cash Flow | 5% | 10% | 15% | 20% |
| Year                               | M$ | M$/yr |   | M$/yr | M$ | Ratio | Frac. |   | Year | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ | M$ |
| 2010                               | 10,353 | 0 | 14.00% | 0 | 43,900 | 0.24 | 1.0 |   | 2010 | 1,118 | 0 | 7,988 | 0 | 1,118 | 1,091 | 1,066 | 1,042 | 1,020 |
| 2011                               | 15,432 | 0 | 14.00% | 0 | 43,900 | 0.35 | 1.0 |   | 2011 | 928 | 0 | 6,870 | 0 | 928 | 863 | 804 | 752 | 706 |
| 2012                               | 45,869 | 8,750 | 14.00% | 1225 | 52,650 | 0.87 | 1.0 |   | 2012 | 3,931 | 0 | 5,942 | 0 | 3,931 | 3,479 | 3,097 | 2,772 | 2,492 |
| 2013                               | 82,845 | 4,000 | 14.00% | 560 | 56,650 | 1.46 | 1.0 |   | 2013 | 5,636 | 228 | 2,011 | 94 | 5,542 | 4,672 | 3,970 | 3,398 | 2,927 |
| 2014                               | 113,986 | 0 | 14.00% | 0 | 56,650 | 2.01 | 0.90 |   | 2014 | 4,360 | 4,360 | 0 | 1,796 | 2,564 | 2,058 | 1,669 | 1,367 | 1,129 |
| 2015                               | 137,576 | 0 | 14.00% | 0 | 56,650 | 2.43 | 0.80 |   | 2015 | 3,303 | 3,303 | 0 | 1,361 | 1,942 | 1,485 | 1,150 | 900 | 712 |
| 2016                               | 155,210 | 0 | 14.00% | 0 | 56,650 | 2.74 | 0.80 |   | 2016 | 2,469 | 2,469 | 0 | 1,017 | 1,452 | 1,057 | 781 | 585 | 444 |
| 2017                               | 170,022 | 0 | 14.00% | 0 | 56,650 | 3.00 | 0.70 |   | 2017 | 2,074 | 2,074 | 0 | 854 | 1,219 | 846 | 597 | 427 | 311 |
| 2018                               | 180,888 | 0 | 14.00% | 0 | 56,650 | 3.19 | 0.60 |   | 2018 | 1,521 | 1,521 | 0 | 627 | 895 | 591 | 398 | 273 | 190 |
| 2019                               | 188,680 | 0 | 14.00% | 0 | 56,650 | 3.33 | 0.60 |   | 2019 | 1,091 | 1,091 | 0 | 449 | 641 | 404 | 259 | 170 | 113 |
| 2020                               | 195,180 | 0 | 14.00% | 0 | 56,650 | 3.45 | 0.60 |   | 2020 | 910 | 910 | 0 | 375 | 535 | 321 | 197 | 123 | 79 |
| 2021                               | 200,582 | 0 | 14.00% | 0 | 56,650 | 3.54 | 0.60 |   | 2021 | 756 | 756 | 0 | 312 | 445 | 254 | 149 | 89 | 55 |
| 2022                               | 205,048 | 0 | 14.00% | 0 | 56,650 | 3.62 | 0.50 |   | 2022 | 625 | 625 | 0 | 258 | 368 | 200 | 112 | 64 | 38 |
| 2023                               | 208,106 | 0 | 14.00% | 0 | 56,650 | 3.67 | 0.50 |   | 2023 | 428 | 428 | 0 | 176 | 252 | 130 | 70 | 38 | 21 |
| 2024                               | 210,599 | 0 | 14.00% | 0 | 56,650 | 3.72 | 0.50 |   | 2024 | 349 | 349 | 0 | 144 | 205 | 101 | 52 | 27 | 15 |
| 2025                               | 212,608 | 0 | 14.00% | 0 | 56,650 | 3.75 | 0.50 |   | 2025 | 281 | 281 | 0 | 116 | 165 | 78 | 38 | 19 | 10 |
| 2026                               | 214,205 | 0 | 14.00% | 0 | 56,650 | 3.78 | 0.50 |   | 2026 | 224 | 224 | 0 | 92 | 131 | 59 | 27 | 13 | 6 |
| 2027                               | 215,449 | 0 | 14.00% | 0 | 56,650 | 3.80 | 0.50 |   | 2027 | 174 | 174 | 0 | 72 | 102 | 44 | 19 | 9 | 4 |
| 2028                               | 216,390 | 0 | 14.00% | 0 | 56,650 | 3.82 | 0.50 |   | 2028 | 132 | 132 | 0 | 54 | 78 | 31 | 13 | 6 | 3 |
| 2029                               | 217,073 | 0 | 14.00% | 0 | 56,650 | 3.83 | 0.50 |   | 2029 | 96 | 96 | 0 | 39 | 56 | 22 | 9 | 4 | 2 |
| 2030                               | 217,533 | 0 | 14.00% | 0 | 56,650 | 3.84 | 0.50 |   | 2030 | 64 | 64 | 0 | 27 | 38 | 14 | 5 | 2 | 1 |
| 2031                               | 217,802 | 1,700 | 14.00% | 238 | 58,350 | 3.73 | 0.50 |   | 2031 | (200) | 0 | 0 | 0 | (200) | (70) | (26) | (10) | (4) |
| Total                              |   | 14,450 |   | 2,023 |   |   |   |   | Total | 30,268 |   |   | 7,863 | 22,405 | 17,727 | 14,455 | 12,071 | 10,273 |
|                               |   |   |   |   |   |   |   |   |   |   |   | Company      Capital Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   | Company      Working Interest = | 14.0% |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   | Capex      Recovery= | 20.0% |   |   |   |   |

----

| BIT                 | -      | Before      Income Tax                                                                                         |
|---------------------|--------|----------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                           |
| AIT                 | -      | After      Income Tax                                                                                          |
|                |   |                                                                                                           |
| M$                  | -      | Thousands      of Dollars                                                                                      |
|                |   |                                                                                                           |
| Effective      Date | -      | The      date for which the Present Value of the future cash flows and reserve      categories are established |
|                |   |                                                                                                           |
| $US                 | -      | United      States Dollars                                                                                     |
|                |   |                                                                                                           |
| WTI                 | -      | West      Texas Intermediate – the common reference for crude oil used for oil price      comparisons    |
|                |   |                                                                                                           |
| ARTC                | -      | Alberta      Royalty Tax Credit                                                                                |
|                |   |                                                                                                           |
| GRP                 | -      | Gas      Reference Price                                                                                       |

| BPO                        | -      | Before      Payout                                                                                                                                                                                                                          |
|----------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |   |                                                                                                                                                                                                                                        |
| APO                        | -      | After      Payout                                                                                                                                                                                                                           |
|                       |   |                                                                                                                                                                                                                                        |
| APPO                       | -      | After      Project Payout                                                                                                                                                                                                                   |
|                       |   |                                                                                                                                                                                                                                        |
| Payout                     | -      | The      point at which a participant’s original capital investment is recovered      from its net revenue                                                                                                                            |
|                       |   |                                                                                                                                                                                                                                        |
| GORR                       | -      | Gross      Overriding Royalty – percentage of revenue on gross revenue earned (can be      an interest or a burden)                                                                                                                   |
|                       |   |                                                                                                                                                                                                                                        |
| NC                         | -      | New      Crown – crown royalty on petroleum and natural gas discovered after April      30, 1974                                                                                                                                      |
|                       |   |                                                                                                                                                                                                                                        |
| SS      1/150 (5%-15%) Oil | -      | Sliding      Scale Royalty – a varying gross overriding royalty based on monthly      production.  Percentage is calculated as 1-150th      of monthly production with a minimum percentage of 5% and a maximum of      15% |
|                       |   |                                                                                                                                                                                                                                        |
| FH                         | -      | Freehold      Royalty                                                                                                                                                                                                                       |

----

| psia               | -      | pounds      per square inch absolute                                                                                                                                                                                                                          |
|--------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |   |                                                                                                                                                                                                                                                          |
| MSTB               | -      | Thousands      of Stock Tank Barrels of oil (oil volume at 60 F and 14.65      psia)                                                                                                                                                                          |
|               |   |                                                                                                                                                                                                                                                          |
| MMscf              | -      | millions      of standard cubic feet of gas (gas volume at 60 F and 14.65      psia)                                                                                                                                                                          |
|               |   |                                                                                                                                                                                                                                                          |
| Bbls               | -      | barrels                                                                                                                                                                                                                                                       |
|               |   |                                                                                                                                                                                                                                                          |
| Mbbls              | -      | thousands      of barrels                                                                                                                                                                                                                                     |
|               |   |                                                                                                                                                                                                                                                          |
| NGL                | -      | Natural      Gas Liquids – hydrocarbon fluids processed from natural  gas                                                                                                                                                                               |
|               |   |                                                                                                                                                                                                                                                          |
| MMBTU              | -      | Millions      of British Thermal Units – heating value of natural gas                                                                                                                                                                                   |
|               |   |                                                                                                                                                                                                                                                          |
| STB/d              | -      | Stock      Tank Barrels of oil per day – oil production rate                                                                                                                                                                                            |
|               |   |                                                                                                                                                                                                                                                          |
| Mscf/d             | -      | thousands      of standard cubic feet of gas per day – gas production  rate                                                                                                                                                                             |
|               |   |                                                                                                                                                                                                                                                          |
| GOR      (scf/STB) | -      | Gas-Oil      Ratio (standard cubic feet of solution gas per stock tank barrel of      oil)                                                                                                                                                                    |
|               |   |                                                                                                                                                                                                                                                          |
| mKB                | -      | Metres      Kelly Bushing – depth of well in relation to the Kelly Bushing which is      located on the floor of the drilling rig.  The Kelly Bushing is      the usual reference for all depth measurements during drilling      operations. |
|               |   |                                                                                                                                                                                                                                                          |
| EOR                | -      | Enhanced      Oil Recovery                                                                                                                                                                                                                                    |
|               |   |                                                                                                                                                                                                                                                          |
| GJ                 | -      | Gigajoules                                                                                                                                                                                                                                                    |

----

| 1.   | We,      GeoGlobal Resources Inc., (the Client) have made available to you, Chapman      Petroleum Engineering Ltd. (the Evaluator) certain records, information,      and data relating to the evaluated properties that we confirm is, with the      exception of immaterial items, complete and accurate as of the effective      date of the reserves evaluation, including the  following: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Accounting,      financial, tax and contractualdata; |
|--------------------|------------------------------------------------------|

| ·   | Asset      ownership and related encumbranceinformation; |
|--------------------|----------------------------------------------------------|

| ·   | Details      concerning product marketing, transportation and processing      arrangements; |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | All      technical information including geological, engineering and production and      test data; |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | Estimates      of future abandonment and reclamationcosts. |
|--------------------|------------------------------------------------------------|

| 2.   | We      confirm that all financial and accounting information provided to you is,      to the best of our knowledge, both on an individual entity basis and in      total, entirely consistent with that reported by our Company for public      disclosure and audit purposes. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | We      confirm that our Company has satisfactory title to all of the assets,      whether tangible, intangible, or otherwise, for which accurate and current      ownership information has beenprovided. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | With      respect to all information provided to you regarding product marketing,      transportation, and processing arrangements, we confirm that we have      disclosed to you all anticipated changes, terminations, and additions to      these arrangements that could reasonably be expected to have a material      effect on the evaluation of our Company's reserves and future net      revenues. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.   | With      the possible exception of items of an immaterial nature, we confirm the      following as of the effective date of the  evaluation: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | For      all operated properties that you have evaluated, no changes have occurred      or are reasonably expected to occur to the operating conditions or methods      that have been used by our Company over the past twelve (12) months,      except as disclosed to you.  In the case of non-operated      properties, we have advised you of any such changes of which we have been      made aware. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | All      regulatory, permits, and licenses required to allow continuity of future      operations and production from the evaluated properties are in place and,      except as disclosed to you, there are no directives, orders, penalties, or      regulatory rulings in effect or expected to come into effect relating to      the evaluated properties. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Except      as disclosed to you, the producing trend and status of each evaluated well      or entity in effect throughout the three-month period preceding the      effective date of the evaluation are consistent with those that existed      for the same well or entity immediately prior to this three-month      period. |
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| ·   | Except      as disclosed to you, we have no plans or intentions related to the      ownership, development or operation of the evaluated properties that could      reasonably be expected to materially affect the production levels or      recovery of reserves from the evaluated  properties. |
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| ·   | If      material changes of an adverse nature occur in the Company's operating      performance subsequent to the effective date and prior to the report data,      we will inform you of such material changes prior to requesting your      approval for any public disclosure of reserves  information. |
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