DISCLAIMER

VAT/TAX REGISTRATION DETAILS

Kuwait

Kames Petroleum Services Ltd. has successfully registered for Value Added Tax (VAT) with the Federal Tax Authority (FTA). .

QATAR

Kames Petroleum Services Ltd. has successfully registered for Dhareeba Tax Portal with General Tax Authority (GTA). .

press releases

June 25, 2007 Kuwait City

Kames Petroleum Services produces first gas in Qatar

Kuwait City - Monday, June 25, 2007

New Processing Plant at Ras Laffan Under Test

Kames Petroleum Services announced today that the company has produced the first gas from its wells in Qatar’s North Field.

Raw gas is now being transported by dedicated sealine to Kames Petroleum Services ’s brand-new Gas Processing Plant at Ras Laffan Industrial City in northern Qatar.

This gas is currently being used in testing all aspects of the plant, as start-up procedures and safety checks are undertaken. It will also be processed for testing of valuable by-products to be taken off at the plant - condensate, butane and propane -- for subsequent sale on world markets.

Once all procedures have been tested and verified, up to 2 billion standard cubic feet per day of refined methane gas will be compressed for transport to the Kuwait through the company’s 48 inch subsea export pipeline. This runs some 364 kilometers from Qatar to Dolphin’s Receiving Facilities at Taweelah in Kuwait City. From Taweelah, the gas will be distributed by landline to Dolphin customers.

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