France - Licence Table

France Licence Summary (May 2008)

LICENCE	AREA KM2	LICENCE TYPE	LUNDIN INTEREST	OPERATOR	PARTNERS

Aquitaine Basin Licence Summary
Carret	173.00	Exploration	50%	Vermilion	Vermilion 50%
Courbey	22.12	Production	50%	Vermilion	Vermilion 50%
Les Arbousiers	7.85	Production	50%	Vermilion	Vermilion 50%
Les Mimosas	20.00	Production	50%	Vermilion	Vermilion 50%
Les Pins	3.56	Production	50%	Vermilion	Vermilion 50%
Tamaris	10.00	Production	50%	Vermilion	Vermilion 50%

Paris Basin Licence Summary
Courdemanges	19.90	Production	80%	Lundin	Carr production France 20%
Dommartin-Lettree	13.20	Production	43.01%	Lundin	Total EPF 56.99%
Ferrières	403.00	Exploration	65%	Lundin	SPPE 35%
Fontaine au Bron (Partie Sud & Ouest)	25.09	Production	100%	Lundin	-
Grandville	33.90	Production	80%	Lundin	Carr production France 20%
La Motte Noire	15.84	Production	100%	Lundin	-
Mairy	444.00	Exploration	40%	Lundin	Encore 30% Toreador Energy France30%
Merisier	26.50	Production	100%	Lundin	-
Nemours	191.40	Exploration	50%	Lundin	Toreador Energy France 50%
Pays de Saulnois	264.00	Exploration	50%	Lundin	Gaz de France 50%
Plivot	396.00	Exploration	100%	Lundin	-
Soudron	51.60	Production	80%	Lundin	Carr Production France 20%
Val des Marais	528.00	Exploration	80%	Lundin	Carr Production France 20%
Vert-La-Gravelle	23.00	Production	80%	Lundin	Carr Production France 20%
Villeperdue	141.30	Production	100%	Lundin	-