The on-shore Block RJ-ON/6, operated by Focus, is located in Rajasthan state in western India and currently covers an area of approximately 4,026 square km. The Block is part of the Indus Basin, which straddles eastern Pakistan and western India. Several oil and gas discoveries have been made in the surrounding blocks and extensive exploration has been further committed in this region.

Two gas discoveries have so far been made at the Block. SGL, the first discovery, announced in May 2006 has since been declared commercial in January 2008. SSF, the second discovery announced in February 2008, is yet to be tested. Nine exploratory wells have been drilled in the Block so far. Tenth exploratory well drilling is under progress. Indus plans to aggressively explore new prospects, appraise discovery area and develop the commercial discovery in the Block with a view to commence gas production in 2009.

During next 12 months, Indus intend to consider undertaking the following work programme:

- commencement of development of SGL field;

- testing and commencement of appraisal of SSF discovery;

- drilling of exploratory wells in additional prospects;

- acquisition of an additional 400 km2 of 3D seismic data; and

- processing and interpretation of acquired 3D seismic data including 336 km2 of earlier data set.

The Block RJ-ON/6 is operated by Focus Energy Ltd, India, which has day to day operation responsibilities. Focus has over 7 years’ operating experience and currently operates a total of four substantial on-land/offshore oil and gas blocks in India. As an Operator, Focus has in-house expertise in various aspects of oil and gas exploration including drilling, seismic acquisition, mud engineering, cementing, mud logging, drill stem testing, open hole logging, logistics and real time information management. Focus has over 450 employees in its exploration division and has dedicated access to three on-land rigs, seismic equipment to operate three crews of 2D/3D seismic and other equipment/infrastructure required for exploration in otherwise difficult operating environment in Rajasthan desert.