Earthmoves Ltd.

and Brazil Atlantic Margins Digital Atlas

This report and digital map is an evaluation of all blocks on offer in the 6th Brazilian Licensing Round. There are approximately 130 cross sections and well sections accompanying the 30 pages of text. Blocks with higher potential are listed with explanations. Exploration leads are identified, and there is an assessment of the hydrocarbon potential. This report will be useful for regional evaluation of all past and future license round blocks.

For the first time, all maps will be presented in Arc View 8.3 GIS format. Cross sections, well logs, reservoir and source rock information are hot-linked to the Arcview project, and all map items are referenced back to the original source. Many new data have been added since our previous license round evaluations. Enhanced positioning accuracy has been achieved by scanning and carefully refitting all the original reference material to the ANP digital database of well locations and seismic data. The report and digital maps come in both hard copy and CD Rom format.

The report and Brazil atlas will be completed in May 2004. Cost of report and atals is $9.000. The Atlas forms part of a larger South Atlantic Margins Project which includes Argentina and West Africa data, which will be completed later in 2004. List of layered features in the Arcview project: Onshore geology, basement shear zones, syn-rift faults, post-rift faults, salt structures, thrusted edge of salt, fold axes, basement highs, transfer zones, oceanic fracture zones, ocean-continent boundary, crustal stretching factors, crustal hinge line, Mesozoic volcanics, Mesozoic intrusives, seaward dipping reflectors, all well locations, seismic and cross sections used in the interpretation, syn-rift source pods, thick syn-rift graben, oil fields, gas fields, license blocks and operators, bathymetry, paleoshelf edges, fission track ages, geochronological ages of volcanics, denudation contours, drainage basins, oil seeps, canyons, turbidite fans, depocentres, coquina limestone shoals and carbonate banks, total sediment isopachs, zones of shallow gas, zones of recent slumping, presence of gas hydrates, contours of source rock maturity, magnetic anomalies.