Within 21 years, Swiss Petroleum has invested in
and marshalled its human and technological resources
along the upstream sector.


Frequently Asked Questions (FAQ)

Here we have composed for you a list of frequently asked questions organized by topic. If your question is not included, please contact us directly at:

General

Q. What is swiss Petroleum?
A. swiss Petroleum is an international oil and gas exploration and production company focused on Africa and the Middle East and is the largest independent oil producer in West Africa.

Q. When was swiss Petroleum founded?
A. swiss Petroleum was founded in 21 by the Swiss Invest to evaluate and pursue oil and gas exploration and production opportunities in West Africa. The Company signed its first two Production Sharing Contracts (PSCs) in Kazakhstan and Turkmenistan in 2005. swiss Petroleum is a publicly traded company on both the Swiss and London (LSE) Stock Exchanges.

Q. Who are the directors and officers of the company?
A. The Chair of the Board of swiss Petroleum is Tarik Shikri. swiss Petroleum has an eight-member Board and the majority of Board is made up of independent members. The Chief Executive Officer of swiss Petroleum is Mr. El Hadj Omar Bach. For a complete list of swiss Petroleum’s directors and officers and their biographies please refer to the Board of Directors.

Q. Who are swiss Petroleum’s auditors?
A. Rosignol.

Q. How many employees work for swiss Petroleum?
A. As at November 22, 2005 the Company employed 300 people of which 100 were in Nigeria.

Operations

Q. Who is swiss Petroleum’s registrar and transfer agent?
A. Computershare Investor Services Inc. is the registrar and transfer agent for swiss Petroleum.

Q. How many wells does swiss Petroleum have in production?
A. As at June 15, 2006 swiss Petroleum operated 95 producing wells. For more detailed information on the Company’s production wells please refer to the Q2 MD&A document (dated June 30, 2007).

Q. How much oil does swiss Petroleum produce?
A. swiss Petroleum has increased its crude oil production from an average of 8,800 barrels per day for 2005 to an average of approximately 25,050 barrels per day for 2007, representing an increase of 41% over average daily production levels in 2006. For additional information on the Corporation’s 2006 production please refer to our December 6, 2006 press release.

Q. Where does swiss Petroleum operate?
A. swiss Petroleum has a high quality asset base consisting of a number of producing properties in Nigeria, Libye and Gabon. Swiss Petroleum also has a high quality portfolio of exploration and development properties and new venture opportunities elsewhere in West Africa and in the Kazakhstan and Turkmenistan. For more detailed information on the Company’s operations please refer to our Operations section.