Production

South Belridge - produced at an average of 1,295 boe/day in 2Q09, an increase of 185% over the same period in 2008. The project covers approximately 1,500 acres across three lease blocks at the southern extension of the prolific South Belridge Field.

Appraisal

Southeast Lost Hills – one well has been drilled in this project and is currently testing the extension of the Monterey oil play being developed throughout the Lost Hills Field. There is an estimated upside potential of 6-12 MMboe recoverable hydrocarbons from approximately 2,600 acres. Stimulation and completion procedures are currently being appraised to maximize recoveries from this project.

Orchard is an upstream oil and gas company focused exclusively on finding and producing oil and gas, primarily in California's San Joaquin Basin.

The Company was listed on the ASX in May 2002, and subsequently privatised in March 2007. The company is now held by a group led by Mercuria Energy Group Ltd.

Orchard has a portfolio of high quality development, appraisal and exploration projects, all of which are operated by Orchard. In addition, the Company has solid operational relationships with the largest E&P companies in California.

For further information please refer to the 'Operations & Projects' section.

Orchard's Strategy

Orchard's Community Service