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OILCOUNCIL


Progressive weakening / deterioration Slow, steady growth


Stagnant performance with little movement up or down Volatility and uncertainty Other (please specify)


2012 SURVEY 2012 Global Oil & Gas Survey Results What do you expect to see happen to the oil markets in 2012?


Oil Council


What do you expect to see happen to the gas markets in 2012?


Progressive weakening / deterioration Slow, steady growth


Stagnant performance with little movement up or down Volatility and uncertainty Other


In 2012 are you bullish, bearish or uncertain about:


The World Economy The Eurozone Chinese NOCs


Major Oil & Gas Cos.


Natural Gas Focussed US Independents North Sea Focussed Independents North African Focussed Independents East African Focussed Independents Oilfield Services Companies European Shale Gale Argentinian Shale Gale


Arctic Circle becoming a major O&G province Falklands becoming a major O&G province Libya recoverying to be a major O&G province Kurdistan becoming a major O&G province


Bullish 16.9% 3.4%


61.0% 71.3% 38.3% 45.7% 47.5% 65.4% 73.2% 23.2% 30.4% 16.5% 11.3% 51.2% 46.9%


Bearish 42.3% 77.6% 11.1% 12.3% 37.7% 22.0% 22.2% 13.0% 10.8% 41.6% 22.0% 42.9% 46.0% 20.2% 19.8%


Uncertain 40.8% 19.0% 27.9% 16.4% 23.9% 32.3% 30.2% 21.6% 16.0% 35.2% 47.5% 40.7% 42.6% 28.5% 33.3%


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