Investor Presentaiton

$MM 2006 Capital Expenditures Total Capex for 2006 = US $60MM - US $64MM 0 20 20 16.2 15 1.6 10 5 DYU 12.7 1.6 0.3 PSK 2.6 Exploration and G&G 7.2 11.0 0.8 11.7 0.6 0.3 14 ARK 9.3 14 1.1 0.4 0.1 0.4 0.5 CNPSEI Development CNGDU Page 14 2.8 2.4 0.1 0.3 Urals Nord 2.6 2.5 Facilities & Infrastructures 0.1 1.7 UE LLC 0.7 0.7 0.4 Dulisma Other 7.1 16.2 8.4 0.8 URALS ENERGY

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