Introduction

The 3Legs Resources Group was established in 2007 to focus on the exploration and development of unconventional oil and gas resources with a focus on shale gas in Europe. As a first mover in Poland, we have six exploration and prospection concessions covering approximately 4,387 sq. km (1,084,000 acres) in the onshore Baltic Basin region of Northern Poland.

In addition to the Baltic Basin concessions, the 3Legs Resources Group holds onshore exploration licences over a further 1,622 sq. km (440,000 acres) near Krakow and two further licences totalling approximately 2,574 sq. km (636,000 acres) in Baden-Württemberg in south-west Germany (undergoing renewal).

Two further licence applications have been submitted in south-west and south-east France in respect of areas of approximately 5,710 sq. km (1,411,000 acres) and 5,801 sq. km (1,433,000 acres).

The Group’s management team has a proven track record in the selection, appraisal and development of oil and gas resources. The combined experience of the Group’s core team, along with the support of ConocoPhillips in our western Baltic Basin concessions, puts us in a strong position to develop our existing asset base and to seek, acquire and develop complementary oil and gas opportunities.