SUMMIT UK OIL LIMITED

(Company No 3442626). Vintners’ Place, 68 Upper Thames Street, London EC4V 3BJ Pursuant to section 175 of the Companies Act 1985, Summit UK Oil Limited (Company) hereby gives notice that: (a) the Company approved, by Special Resolution of the Company passed on 3 November 2005, pursuant to section 173 of the Companies Act 1985, a payment out of capital for the purpose of acquiring 15,837,104 of its own Ordinary Shares at a price of US$2.21 each by purchase; (b) the amount of the permissible capital payment for the shares in question is US$30,808,783; (c) the Statutory Declaration of the Directors and the Auditors’ report required by section 173 of the Companies Act 1985 are available for inspection at Vintners’ Place, 68 Upper Thames Street, London EC4V 3BJ; and (d) any Creditor of the Company may at any time prior to 8 December 2005 apply to the Court under section 176 of the Companies Act 1985 for an Order prohibiting the payment.