ORIENT PETROLEUM INC.

RATANA # 3 WORKOVER
Pull existing Completion/Isolate existing hole and drill into Jurassic
Drilling Days: 60.0 Cost without Completion $ 2,365,992
Test & Complete: - Completed Cost: $ 3,468,992
Total Days: 60.0

Cost without Completion Completed Well Cost

Code Account Description Per day Est Cost Per Day Est Cost Remarks
203 Fuel and Lubricants $ 1,000 $ 60,000 $ 1,000 $ -
205 Water $ 100 $ 6,000 $ 100 $ -
210 Bits, Reamers, Scrapers $ 100,000 $ -
216 Drilling Fluids & Chemicals $ 350 35,660 $ 350 $ -
218 Drill Pipe $ - $ -
219 Misc Purchased Supplies $ 300 $ 18,000 $ 300 $ -
305 Environmental $ - $ -
312 Communications $ 125 $ 7,500 $ 125 $ -
313 Camp & Catering $ 200 $ 12,000 $ 200 $ -
320 Exploration Expenses Billed $ - $ -
323 Wireline Services $ - $ 25,000
326 Contract labor $ 300 $ 18,000 $ 300 $ -
327 Location & Roads $ - $ -
328 Rig Move $ 150,000 As per different proposals received
329 Drilling Contract $ 14,500 $ 870,000 $ 12,000 $ -
330 Directional Drilling $ 100,000 $ -
331 Fishing Tools & Services $ 100,000
332 Formation & WSO Tests $ -
333 Mud Logging $ 1,200 $ 72,000 $ -
334 Electric Logging $ 70,000 $ -
335 Perforating $ - $ 50,000
336 Well Stimulation $ - $ 100,000
337 Cementing $ - $ - $ - $ 50,000
338 Tubular Inspection & Repair $ - $ 15,000
339 Other Contract Services $ 2,500 $ 150,000 $ 2,000 $ -
351 Security & Lease Payments $ - $ -
514 Tool & Equipment Rental $ 500 $ 30,000 $ 50,000
530 Transportation & Handling $ 500 $ 30,000 $ 500 $ -
696 Supervision/Management $ 1,175 $ 70,500 $ 1,175 $ -
851 Administrative Overhead $ 1,150 $ 69,000 $ 1,150 $ - Basis: 2% of AFE
916 Computer Services $ 50 $ 3,000 $ 50 $ -
Sub Total $ 1,971,660 $ 290,000
Contingency (%) 20.00 $ 394,332 20.00 $ 58,000
Total Intangibles $ 2,365,992 $ 348,000

413 Conductor & Surface Csg $ -

414 Intermediate Casing $ -
415 Production Casing $ 50,000 5", 18 lb/ft, P-110
419 Liners & Hangers $ 50,000 Type HMC BTC 5", 18 lb/ft, P-110
453 Utility Pipelines
454 Wellhead Equipment $ 55,000 Xmas/T Refurbished, wellhead sections
457 Water Well Facilities $ -
460 Tubing $ 200,000 New 3-1/2" CS Hydril tubing
461 Downhole Equipment $ 200,000 7" packer with seal Assy. etc.
464 Tubing Accessories $ 100,000 Landing Nipples etc.
465 Casing Accessories $ - $ 100,000 External Casing Packers etc.
Total Tangibles $ - $ 755,000

Total Cost $ 2,365,992 $ 1,103,000

Total Completed Well Cost $ 3,468,992

Prepared By: Waqar Bhatti

Checked By: M. A. Shahid
Date: 25-Jul-00
Revised Date: 28-Apr-20

472854413.xls
 Cost Estimate

Hole Sizes & Casing Points

BS 26.00 17.50 12.25 6.00

DEPTH - - - 14,700
CSG DEPTH - - - 14,700
CSG OD 20.000 13.375 9.625 5.000
CSG ID 19.124 12.347 8.535 4.276

Code 210-Bits, Reamers & Scrapers

BS 26.00 17.50 12.25 6.00

DEPTH - - - 14,700
FOOTAGE - - - 1,000
AVE ROP 35.00 25.00 15.00 9.00
ROT HRS - - - 111.11
HRS/BIT 20.00 70.00 50.00 20.00
# BITS 1 1 1 7 Includes an extra bit as a contingency
BIT COST - - - 5,500
SUB TOTAL - - - 38,500
PDC BITS - - - -
SCRAPERS - - - 4,000
TOTAL - - - 42,500
DUTY 10% - - - 4,250
TOTAL COST - - - 46,750

GRAND TOTAL 46,750

Code 216-Drilling Fluids

BS 26.00 17.50 12.25 6.00

DEPTH - - - 1,000
OH VOLUME - - - 35
CSG VOLUME - - - -
SURF VOL 600 600 600 500 Sedco Forex input
DIL FACTOR 1.000 1.000 0.500 0.300
DILUTION - - - 10
LOSS CIRC - - - 500 None assumed
VOL SAVED - 300 150 - 50% saved from previous hole section
TOTAL VOL 600 300 450 1,045
COST $/BBL - - - 15.00
TOTAL - - - 15,682
SPILLAGE 5% - - - 784
DUTY 3% - - - 494
TOTAL COST - - - 16,960

CONT LCM 10,000

CONT BARITE -
DUTY 10% 1,000
TOTAL CONT 11,000

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 Cost Estimate

GRAND TOTAL 27,960

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 Cost Estimate

Code 413-Conductor and Surface Casing Code 414-Intermediate Casing

BS 26.00 BS 17.50
FOOTAGE - FOOTAGE -
CSG SIZE 20.000 CSG SIZE 13.375
COST $/FT - incl 15% freight COST $/FT - incl 15% freight
TOTAL - TOTAL -
DUTY 10% - DUTY 10% -
TOTAL COST - TOTAL COST -

GRAND TOTAL - GRAND TOTAL -

Code 414-Intermediate Casing Code 415-Production Casing

BS 12.25 BS 6.00
FOOTAGE - FOOTAGE 1,260
CSG SIZE 9.625 LINER SIZE 5.000
COST $/FT - incl 15% freight COST $/FT 18.33 incl 15% freight
TOTAL - TOTAL 23,100
DUTY 10% - DUTY 3% 693
TOTAL COST - TOTAL COST 23,793

GRAND TOTAL - GRAND TOTAL 23,793

Code 460-Tubing

BS 6.00
FOOTAGE 14,200
TBG SIZE 3.500
COST $/FT 15.21 incl 15% freight
TOTAL 215,982
FREIGHT 15% 32,397
DUTY 10% 21,598
TOTAL COST 70,000

GRAND TOTAL 70,000

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 Cost Estimate

Code 332-Formation and WSO Tests

DST 2,052 per day

PERSONNEL 760 per day
GAUGES X 2 5,308 per day
EQUIPMENT 473 per day
TOTAL 8,593 per day
CONT 10% 859 per day
TOTAL COST 9,452 per day

DAYS 8.00

GRAND TOTAL 75,618

Code 336-Cementing

CASINGS 20.000 13.375 9.625 5.000

DEPTH - - - 14,700
SERVICES - - - 13,041
CMT & ADD - - - 8,503
SUB TOTAL - - - 21,544

MOB/DEMOB -
CMT PLUGS 12,923 per job 1 jobs
CMT SQ 12,196 per job - jobs
LOT 3,020 per job - jobs
PT 3,020 per job 2 jobs

DRY WELL 40,507

COMPLETION -

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 Time Estimate

Drilling Time Estimate

BS 26.00 17.50 12.25 6.00

DEPTH - - - 14,700
FOOTAGE - - - 1,000
AVE ROP 35 25 15 9
ROT, HRS - - - 111.11
BIT LIFE, HRS 20.00 70.00 50.00 20.00
# TRIPS - - - 6
TRIP TIME 2.00 8.00 12.00 15.00 1 hr round-trip/1000 ft
CIRC TIME 2.00 4.50 3.50 2.00 Pump rate 8 bbl/min
HOURS - - - 213.11
CONTINGENCY 20% - - - -
TOTAL HOURS - - - 213.11

TOTAL DAYS 8.88

Total Time Estimate

OPERATION INC DAYS CUM DAYS DEPTH

Move Rig & Rig Up - - -
ND Xtree, NU BOP 1.00 1.00 -
Pull Tubing 0.50 1.50 -
Run 6" Bit to Clean out 1.00 2.50 13,717
Set Cement Plug 1.00 3.50 13,650
Clean,Cement & Dress Plug 1.50 5.00 13,700
Mill 70' Section 3.00 8.00 13,700
Make up, RIH & Kick-off 1.50 9.50 13,700
Drill 1,000' hole 8.88 18.38 14,700
Contingency 2.00 20.38 14,700
Log 1.50 21.88 14,700
Run 5" Liner & Cement 1.50 23.38 14,700
Run Dual Completion 5.00 28.38 14,700
ND BOP, NU Xtree 1.00 29.38 14,700
Stimulate 2.00 31.38 14,700
Contingency @ 10% 3.14 34.52 14,700
Dry Hole Time 34.52 14,700

Open Hole DST - 34.52 14,700

Run 7" Casing - 34.52 14,700
Run Completion - 34.52 14,700
Completed Well Time 34.52 14,700

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 Days

Rig Workover Days

Sidetrack and completing the well in C/S, Patala and Wargal formation
Activity Days
Kill the well 3.0
N/D x-mas, R/U BOP & Test 2.0
Pull completion 10.0
Set Whipstock and cut 8-1/2" window 4.0
Drill to the base of Wargal 20.0
Run Dual completion 10.0
Perforate and acidize (C/S + Patala+Wargal) 5.0
Test (C/S + Patala+Wargal) 3.0
Total = 57.0
20% Contingency = 11.4
Grand Total = 68.4

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