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Abbreviation Definition

Mmbbl

Million barrels

Mmboe

Million barrels of oil equivalent

Mmscfd

Million metric standard cubic feet per day

Mscf

Thousand standard cubic feet

OAR

Operational Activity Report

OEC

Oil Exploration Company (Iraq’s Ministry of Oil seismic company)

Q1

First Quarter

Q2

Second Quarter

Q3

Third Quarter

Q4

Fourth Quarter

OAR

Operational Activity Report

RRR

Reserves Replacement Ratio

Scf

Standard cubic feet

SOC

South Oil Company (Iraq’s State Oil Company responsible for operations in the South of Iraq)

SOMO

State Oil Marketing Company (The Iraqi national company responsible for marketing Iraq’s oil)

US$

United States Dollars

WI

Working Interest: a company’s interest in a project before reduction for royalties or production share

owed to others under the applicable fiscal terms

YTD

Year to Date

Investor Affairs Department

Kuwait Energy plc

Tel: +965 25767700, Fax: +965 25767709

Email:

ir@kec.com.kw

Web

: www.kuwaitenergy.co

Kuwait Energy plc, Queensway House, Hilgrove Street, St Helier, Jersey, JE1 1ES, Channel Islands