MRDC - Mineral Resources Development Company: Trustee of the People's Resources of Papua New Guinea

Kikori: Thursday, 17th April 2008

DIRECTOR MUREPE SPONSORS KIKORI LANDOWNER STUDENTS

PRK Vice Chairman and Chairman for Kikori Oil Investments Ltd, Mr. Abraham Murepe donated K88, 000.00 sponsorship cheque to Kikori Secondary School. When receiving the cheque, the Principal Mr. Touta, Deputy, Miss Siliven and the Deputy Board of Management Mr. Soba Samai. OSL/CA was represented by William Pivoru.

Director Murepe said PRK is a landowner company owned by Southern Highlands Province and Gulf Provincial Governments’ and landowners and is happy to subsidize schools for Kikori students attending Kikori High School. Director Murepe added that he has assisted many landowners in terms of school fees, sports equipments and uniforms, musical instruments, funeral expenses, medical expenses, airfares, canteens, chicken projects, donations during special occasion such as independence celebrations and Christmas and etc.

Mr. Murepe announced that from 2008, PRK through his Public relation fund will pay 50% of school fees while the parents pay 50% towards education of their children. The K88, 000.00 will cover for school fees of students from four impacted tribal groups namely Ikopi Kasel Pera (IKP), Rumu, Kibiri and Kerewo. The spreadsheet containing names of students were also handed over to the school administration.

Kikori Secondary School has classes ranging from grades 9 to 12 and accommodates students from Kikori, Baimuru, Ihu, Kerema, Kaintiba, Samberigi, Erave and also has students from other parts of Southern Highlands. The board and school management wants the school to resume computer classes soon and therefore asked Mr. Murepe and OSL for computer donations.

Petroleum Resources Kutubu (“PRK”) is managed by Mineral Resources Development Company (“MRDC”) and commits all public relations funds to each director every year.