OREANDA-NEWS. Cosmo Oil Co., Ltd. is pleased to disclose the estimate of the reserves held by the subsidiaries and consolidated affiliate with equity method in its exploration and production business (hereinafter, "E&P business"), Abu Dhabi Oil Co., Ltd (hereinafter, "ADOC"), Qatar Petroleum Development Co., Ltd (hereinafter, "QPD"), and Untied Petroleum Development Co., Ltd. (hereinafter, "UPD").

Cosmo has decided to spin off its E&P business (announced on Dec. 24, 2013) and this disclosure is part of strengthening information disclosures on its E&P business and one of the objectives for the spin off.

1. Results of Crude Reserves Estimate (working interest base) (As of Aug. 31, 2013)

Proved Reserves - 109.7 mmbls
Probable Reserves - 100.1 mmbls
Total Proved and Probable Reserves - 209.8 mmbls

The daily average production at ADOC, QPD, and UPD reached 36 thousand barrels oil per day (hereinafter, "bopd") for 1H FY2013 (Jan. to Jun. 2013) and the daily average crude production based on working interest reached 19 thousands bopd. (Ref.: Reserves to Production Ratio: About 30 years)