Investor Presentaiton

Urals Energy - Production Growth 20,000 BOPD Production History 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 650 2,000 5,600 4,300 I IPO I I I I 8,700 13,000 10,000 URALS ENERGY 19,000 0- Jul-03 Nov-03 Mar-04 Jul-04 Nov-04 Mar-05 Jul-05 Nov-05 Mar-06 Jul-06 Nov-06 Mar-07 Jul-07 Nov-07 July 2003 650 BOPD - Chepetskoye Acquisition Oct. 2004 2,000 BOPD - CNPSEI Acquisition Dec. 2004 4,300 BOPD - Petrosakh Acquisition July 2005 5,600 BOPD - Arcticneft Acquisition Nov. 2005 8,700 BOPD - April 2006 Year-end Year-end 2007 Dinyu Acquisition 10,000 BOPD Dulis ma Acquisition 2006 19,000 BOPD 13,000 BOPD New Target Page 6

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