Pyramid Petroleum Pakistan Inc ("Pyramid" or "the Company") is a branch of Pyramid Petroleum Inc, which is an E&P company primarily focused on Gulf of Mexico (“GOM”) operations and in Indonesia offshore oil and gas operations. Pyramid is the Operator and 100% owner of the Technical Assistance Contract for Langs field in North Sumatra, Indonesia. Current production from Langsa field is 720 bopd. The GOM interests are in the Marquette and Joliette fields located in Green Canyon 184/52 Blocks (“GC Block”) and the High Island Field located in Blocks 160 in Federal Waters (“HI Block”). For the 3rd quarter 2008, the average gross production from the operated fields was 2,400 bopd and 6.0 mmcfd of which Pyramid’s interests in the fields ranges from 17% to 50%. The GC Block platforms were constructed in 1989 and have produced 22.0 MBbls and 65 BCF with a throughput capacity of 55,000 bopd and 125 mmcfd.

In addition, Pyramid through the Deed(s) of Assignment, all dated 14 July 2009, has secured petroleum exploration licenses in Pakistan for the following three Blocks; (i) No. 3072-4 (Shakarganj West); (ii) No. 2972-4 (Cholistan); and (iii) No. 3073-3 (Punjab). Pyramid is the Operator under the Concession Agreements and is undertaking the exploration work program. The other Working Interest Owners in the Joint Venture are Orient Operating Company (Pvt) Limited with 21.25% in all three blocks, RDC (Pvt) International with 20% in all three blocks, Paige Limited with 5% in Cholistan block only, and Nativus Resources Limited with 5% in Shakarganj West block only.

We foresee our growth to be achieved by acquiring underdeveloped properties in established basins and to increase production by utilizing advanced and proven technologies. Our aim is to demonstrate safe operational and technical expertise in the Pakistani E&P Industry, combined with strong community relationships. While Pyramid itself will continue its focus to build production and reserves in the Gulf of Mexico, the Company will participate with selected industry or corporate partners to build its reserve base and cash flow within the forecasted time frame in Pakistan. With the goal of possessing a large portfolio of diversified reserves, Pyramid is currently seeking additional working interest partners to take a lead operators’ position in Pakistan.