Job Number: NP428010 State/Country: Contralmirante Villar

Company: BPZ Energy & Exploration Declination: .34

Lease/Well: CX11-20XD Project Grid: 0

Location: Peru Corvina File name: C:\WINSERVE\CX11-20.SVY

Rig Name: Petrex 9 Date/Time: 20-Jun-08 / 11:17
RKB: 49.90ft (Est.) Curve Name: Sidetrack
G.L. or M.S.L.: 0

Newsco Directional

WINSERVE SURVEY CALCULATIONS

Minimum Curvature Method
Vertical Section Plane 150.63
Vertical Section Referenced to Wellhead
Rectangular Coordinates Referenced to Wellhead

Measured Incl Drift True Subsea Vertical Dogleg

Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100

.00 .00 .00 .00 49.90 .00 .00 .00 .00

Tie On from Gyro Surveys
200.00 .09 95.75 200.00 -150.10 -.02 .16 .09 .05
300.00 .22 139.83 300.00 -250.10 -.17 .36 .32 .17
400.00 .27 149.55 400.00 -350.10 -.52 .60 .75 .06
500.00 .54 150.60 500.00 -450.10 -1.13 .95 1.46 .27
600.00 .79 152.48 599.99 -550.09 -2.16 1.50 2.62 .25

673.00 .85 157.76 672.98 -623.08 -3.10 1.94 3.66 .13

Casing Shoe
738.00 1.56 153.40 737.97 -688.07 -4.34 2.52 5.02 1.10
Page 1
Measured Incl Drift True Subsea Vertical Dogleg
Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100

KOP 756ft. with Gyro Surveys

742.00 1.60 153.26 741.97 -692.07 -4.44 2.57 5.13 1.09

Interpolated KOPoint
756.00 1.90 155.56 755.96 -706.06 -4.82 2.75 5.55 2.17
760.90 2.00 156.20 760.86 -710.96 -4.97 2.82 5.72 2.17
825.37 3.00 166.70 825.26 -775.36 -7.65 3.66 8.46 1.70
857.69 3.70 160.80 857.53 -807.63 -9.45 4.20 10.30 2.41
889.89 4.20 148.60 889.65 -839.75 -11.44 5.15 12.50 3.03

921.91 4.90 151.60 921.57 -871.67 -13.65 6.42 15.04 2.31

954.04 5.70 153.80 953.56 -903.66 -16.28 7.77 18.00 2.57
985.88 6.20 148.40 985.23 -935.33 -19.17 9.37 21.30 2.36
1017.80 6.60 146.40 1016.95 -967.05 -22.16 11.29 24.85 1.43
1049.65 7.40 149.50 1048.57 -998.67 -25.46 13.34 28.73 2.78

1081.42 8.20 147.80 1080.04 -1030.14 -29.14 15.59 33.04 2.62

1113.60 9.60 144.70 1111.83 -1061.93 -33.27 18.36 38.00 4.60
1144.38 10.90 147.50 1142.12 -1092.22 -37.82 21.41 43.46 4.52
1176.16 12.00 149.10 1173.27 -1123.37 -43.19 24.72 49.76 3.60
1207.98 12.80 148.10 1204.35 -1154.45 -49.02 28.28 56.59 2.60

1240.13 13.50 149.20 1235.65 -1185.75 -55.26 32.09 63.90 2.31

1272.34 13.70 150.20 1266.96 -1217.06 -61.80 35.91 71.47 .96
1304.39 15.00 150.70 1298.01 -1248.11 -68.71 39.82 79.41 4.07
1336.30 16.20 151.50 1328.74 -1278.84 -76.23 43.97 87.99 3.82
1368.41 16.80 151.60 1359.53 -1309.63 -84.25 48.31 97.11 1.87

1400.50 17.20 150.10 1390.22 -1340.32 -92.44 52.88 106.49 1.85

1432.43 17.20 149.80 1420.72 -1370.82 -100.61 57.61 115.93 .28
1463.78 18.10 150.00 1450.60 -1400.70 -108.83 62.38 125.44 2.88
1495.90 20.00 149.80 1480.96 -1431.06 -117.90 67.64 135.92 5.92
1527.78 20.70 150.70 1510.85 -1460.95 -127.53 73.14 147.01 2.41

Page 2
Sidetrack File: C:\WINSERVE\CX11-20.SVY
Measured Incl Drift True Subsea Vertical Dogleg
Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100
1559.70 21.00 151.20 1540.68 -1490.78 -137.46 78.65 158.37 1.09
1591.66 21.60 152.10 1570.45 -1520.55 -147.68 84.16 169.98 2.14
1623.69 23.20 152.30 1600.06 -1550.16 -158.48 89.86 182.18 5.00
1655.69 24.60 152.00 1629.32 -1579.42 -169.94 95.91 195.14 4.39
1687.78 25.10 151.30 1658.44 -1608.54 -181.81 102.32 208.62 1.81

1720.03 25.80 151.30 1687.56 -1637.66 -193.96 108.97 222.48 2.17

1751.85 26.20 152.10 1716.16 -1666.26 -206.24 115.58 236.42 1.67
1783.92 27.00 151.60 1744.83 -1694.93 -218.90 122.36 250.78 2.59
1816.20 27.60 150.40 1773.52 -1723.62 -231.85 129.54 265.58 2.52
1848.60 28.40 150.50 1802.13 -1752.23 -245.08 137.04 280.79 2.47

Malpelo
1880.00 30.39 150.10 1829.48 -1779.58 -258.47 144.68 296.20 6.36
1880.19 30.40 150.10 1829.65 -1779.75 -258.55 144.72 296.30 6.36
1912.44 31.80 149.80 1857.26 -1807.36 -272.97 153.07 312.96 4.37
1944.27 30.80 149.80 1884.46 -1834.56 -287.26 161.38 329.49 3.14
1976.01 30.80 148.90 1911.72 -1861.82 -301.24 169.67 345.74 1.45

2005.13 31.50 149.20 1936.64 -1886.74 -314.16 177.42 360.80 2.46

2037.24 31.80 148.70 1963.98 -1914.08 -328.60 186.11 377.64 1.24
2133.22 31.90 149.10 2045.50 -1995.60 -371.96 212.27 428.26 .24
2228.66 31.80 151.20 2126.58 -2076.68 -415.64 237.33 478.62 1.17
2324.51 31.80 152.00 2208.04 -2158.14 -460.07 261.36 529.12 .44

2420.82 31.90 152.80 2289.85 -2239.95 -505.11 284.90 579.92 .45

2517.09 31.90 151.50 2371.58 -2321.68 -550.09 308.67 630.77 .71
2613.30 30.90 150.50 2453.70 -2403.80 -593.93 332.96 680.89 1.17
2709.35 31.80 151.20 2535.73 -2485.83 -637.57 357.30 730.86 1.01
2805.25 32.10 150.10 2617.10 -2567.20 -681.80 382.17 781.61 .68

2901.59 32.20 149.80 2698.67 -2648.77 -726.18 407.84 832.87 .20

Page 3
Sidetrack File: C:\WINSERVE\CX11-20.SVY
Measured Incl Drift True Subsea Vertical Dogleg
Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100
2997.58 31.90 149.40 2780.03 -2730.13 -770.11 433.62 883.80 .38
3093.07 30.30 149.80 2861.79 -2811.89 -812.65 458.58 933.11 1.69
Tumbes
3100.00 30.34 149.74 2867.77 -2817.87 -815.67 460.34 936.61 .75
3156.11 30.70 149.30 2916.11 -2866.21 -840.23 474.80 965.10 .75
3188.49 31.00 149.60 2943.90 -2894.00 -854.53 483.24 981.70 1.04
3252.45 30.60 148.70 2998.84 -2948.94 -882.65 500.03 1014.44 .95
3284.47 30.40 149.00 3026.43 -2976.53 -896.56 508.44 1030.68 .79

3361.21 29.50 149.70 3092.92 -3043.02 -929.51 527.97 1068.99 1.26

3457.53 30.90 151.00 3176.17 -3126.27 -971.62 551.93 1117.43 1.60
3553.65 31.80 151.90 3258.26 -3208.36 -1015.55 575.82 1167.43 1.06
3649.74 33.00 152.20 3339.39 -3289.49 -1061.03 599.95 1218.90 1.26
3746.46 33.10 152.00 3420.46 -3370.56 -1107.65 624.63 1271.63 .15

3842.45 33.30 152.00 3500.78 -3450.88 -1154.06 649.31 1324.18 .21

3937.99 32.70 150.40 3580.91 -3531.01 -1199.66 674.37 1376.21 1.11
4032.73 32.70 149.80 3660.63 -3610.73 -1244.03 699.88 1427.39 .34
4128.91 31.60 150.30 3742.06 -3692.16 -1288.37 725.44 1478.56 1.18
4224.98 31.20 150.10 3824.06 -3774.16 -1331.80 750.31 1528.62 .43

4260.10 31.30 150.50 3854.09 -3804.19 -1347.63 759.34 1546.84 .66

4320.35 31.10 149.90 3905.62 -3855.72 -1374.71 774.85 1578.05 .61
4416.30 31.40 149.50 3987.65 -3937.75 -1417.69 799.96 1627.81 .38
4512.26 31.10 149.00 4069.69 -4019.79 -1460.47 825.41 1677.58 .41
4608.42 30.00 150.90 4152.50 -4102.60 -1502.77 849.90 1726.45 1.52

4704.67 30.50 150.40 4235.64 -4185.74 -1545.03 873.67 1774.94 .58

4800.84 31.10 150.20 4318.25 -4268.35 -1587.80 898.06 1824.18 .63
4896.89 31.00 150.40 4400.54 -4350.64 -1630.84 922.61 1873.72 .15
4992.87 31.50 150.80 4482.59 -4432.69 -1674.22 947.05 1923.51 .56
5088.31 31.00 150.20 4564.19 -4514.29 -1717.31 971.43 1973.02 .62

Page 4
Sidetrack File: C:\WINSERVE\CX11-20.SVY
Measured Incl Drift True Subsea Vertical Dogleg
Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100
5184.16 31.70 149.70 4646.04 -4596.14 -1760.47 996.40 2022.88 .78
5205.86 31.80 149.60 4664.49 -4614.59 -1770.33 1002.17 2034.30 .52
5237.76 32.20 149.80 4691.55 -4641.65 -1784.92 1010.70 2051.20 1.30
5269.85 33.00 150.40 4718.58 -4668.68 -1799.91 1019.32 2068.49 2.69
5306.10 33.80 149.90 4748.84 -4698.94 -1817.22 1029.25 2088.45 2.33

5337.93 34.10 150.10 4775.25 -4725.35 -1832.61 1038.14 2106.22 1.01

5369.67 34.50 149.80 4801.47 -4751.57 -1848.09 1047.10 2124.11 1.37
5401.87 34.90 149.70 4827.94 -4778.04 -1863.93 1056.33 2142.43 1.25
5433.98 35.50 148.40 4854.18 -4804.28 -1879.80 1065.85 2160.94 2.99
Cardalitos
5460.00 36.39 147.91 4875.24 -4825.34 -1892.77 1073.91 2176.19 3.59
5466.16 36.60 147.80 4880.20 -4830.30 -1895.88 1075.86 2179.85 3.59
5502.13 38.00 147.80 4908.81 -4858.91 -1914.32 1087.47 2201.62 3.89
5533.96 39.50 148.30 4933.63 -4883.73 -1931.23 1098.02 2221.53 4.81
5566.05 40.60 147.70 4958.20 -4908.30 -1948.74 1108.96 2242.15 3.63

5597.90 40.60 147.20 4982.38 -4932.48 -1966.21 1120.11 2262.85 1.02

5629.40 40.40 147.50 5006.33 -4956.43 -1983.43 1131.15 2283.27 .89
5661.42 40.80 147.90 5030.64 -4980.74 -2001.05 1142.28 2304.08 1.49
5697.42 41.50 146.50 5057.75 -5007.85 -2020.96 1155.12 2327.73 3.21
5729.25 42.00 145.90 5081.50 -5031.60 -2038.57 1166.91 2348.86 2.01

5761.48 42.90 145.10 5105.28 -5055.38 -2056.49 1179.23 2370.52 3.26

5793.48 43.60 144.70 5128.59 -5078.69 -2074.43 1191.84 2392.34 2.35
5825.56 43.90 144.70 5151.76 -5101.86 -2092.54 1204.66 2414.41 .94
5857.63 44.90 144.80 5174.67 -5124.77 -2110.86 1217.61 2436.73 3.13
5893.88 45.40 144.60 5200.24 -5150.34 -2131.84 1232.46 2462.29 1.43

5925.83 46.00 144.00 5222.55 -5172.65 -2150.40 1245.80 2485.01 2.31

5957.83 46.70 144.00 5244.64 -5194.74 -2169.14 1259.41 2508.01 2.19
5989.97 47.30 143.70 5266.56 -5216.66 -2188.12 1273.28 2531.35 1.99
6022.04 47.80 142.70 5288.21 -5238.31 -2207.06 1287.45 2554.82 2.78

Page 5
Sidetrack File: C:\WINSERVE\CX11-20.SVY
Measured Incl Drift True Subsea Vertical Dogleg
Depth Angle Direction Vertical TVD N-S E-W Section Severity
FT Deg Deg Depth FT FT FT FT Deg/100
6054.26 48.80 142.00 5309.64 -5259.74 -2226.11 1302.15 2578.62 3.50
6090.28 49.90 141.40 5333.11 -5283.21 -2247.55 1319.08 2605.62 3.31
6122.09 50.90 141.20 5353.38 -5303.48 -2266.68 1334.41 2629.81 3.18
6154.28 51.60 141.70 5373.53 -5323.63 -2286.32 1350.05 2654.59 2.49
6186.28 52.40 141.00 5393.23 -5343.33 -2306.01 1365.80 2679.47 3.04

6218.16 53.60 140.60 5412.42 -5362.52 -2325.74 1381.90 2704.56 3.90

6279.00 53.30 137.60 5448.65 -5398.75 -2362.67 1413.89 2752.44 3.99
6308.00 52.70 137.80 5466.11 -5416.21 -2379.80 1429.47 2775.01 2.14
6347.77 52.80 137.40 5490.18 -5440.28 -2403.18 1450.82 2805.85 .84
6379.15 53.90 137.70 5508.91 -5459.01 -2421.76 1467.81 2830.38 3.59

6415.11 55.20 138.20 5529.77 -5479.87 -2443.51 1487.43 2858.96 3.79

Top Of Zorritos
6915.00 75.00 135.00 5739.24 -5689.34 -2770.56 1798.11 3296.34 4.00
7025.00 77.71 134.55 5765.18 -5715.28 -2845.84 1873.99 3399.16 2.50
7500.00 77.71 134.55 5866.29 -5816.39 -3171.43 2204.73 3845.12 .00
8000.00 77.71 134.55 5972.72 -5922.82 -3514.16 2552.89 4314.54 .00
8500.00 77.71 134.55 6079.15 -6029.25 -3856.89 2901.04 4783.97 .00

9000.00 77.71 134.55 6185.58 -6135.68 -4199.61 3249.19 5253.40 .00

9500.00 77.71 134.55 6292.01 -6242.11 -4542.34 3597.35 5722.83 .00
10000.00 77.71 134.55 6398.44 -6348.54 -4885.07 3945.50 6192.25 .00
10500.00 77.71 134.55 6504.87 -6454.97 -5227.79 4293.65 6661.68 .00
11000.00 77.71 134.55 6611.30 -6561.40 -5570.52 4641.81 7131.11 .00

11500.00 77.71 134.55 6717.73 -6667.83 -5913.25 4989.96 7600.54 .00

11602.00 77.71 134.55 6739.44 -6689.54 -5983.16 5060.98 7696.30 .00

Page 6
Sidetrack File: C:\WINSERVE\CX11-20.SVY