Jura, France

Operations in France

Celtique has two permits in France.

The Claracq permit, in which Celtique has a 100% operated interest, is located in the prolific South Aquitaine basin where over 110mmbbls of oil and 11.3 tcf of gas have been produced. The permit was awarded to Celtique in November 2006 for an initial 3-year term and an application to enter the first permit extension period has been submitted for an additional 5 years commencing in November 2009 and this would cover an area of 463 sq kms.

• More about Claracq

The Les Moussieres permit contains the La Chandeliere oil field. The permit is located in the Jura region of eastern France and covers an area of 3,269 sq km. The permit was awarded in March 2008 for an initial 5-year term and Celtique has a 100% operated interest.

• More about Les Moussieres

Licence Summary

Region	Licence	Licence Holder	Operator	Award Date	Size (km²)
Aquitaine Basin	Claracq	Celtique Energie Ltd 100%	CEL	Nov 06	463
Jura	Les Moussieres	Celtique Energie Petroleum Ltd 100%	CEPL	Mar 08	3269

CEL = Celtique Energie Ltd, CEPL = Celtique Energie Petroleum Ltd

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