Substantially all of Calvalley's crude oil production in 2008 and 2007 came from the Hiswah oil field, which produces high-quality, lighter crude oil that is sold at prices comparable to the Dated Brent crude oil reference price. All of the Company's crude oil production was trucked more than 250 kilometers to the Safer Exploration and Production Operations Co. processing facility on Block 18, where the crude oil was processed and shipped via pipeline to the Ras Isa marine terminal facility for export. During 2008, the Company's working interest oil production averaged 2,261 barrels of oil per day ("bopd") (2007 - 2,639 bopd), from which the Company was allocated 1,417 bopd net (2007 - 1,651 bopd) pursuant to the PSA. Production during the fourth quarter of 2008 suffered due to a temporary shortage of pumps to repair existing wells and flooding during the month of October which essentially shut in the Hiswah field for four days. Calvalley's working interest share of production in the first quarter of 2009 is averaging approximately 2,550 bopd as at March 26, 2009.

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Figure 15 - Production and Sales Information Table