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Timeline

2011 / 2012 Outlook

Finalise interim financing

Allocate FEED packages to main contractors

Finalise financing and contract negotiations for construction of initial shale oil production plant to produce 15,000 barrels per day and some 40 watt of electrical power to the Jordanian grid

Appoint Engineering procurement and Contract Management (EPCM) contractor or proceed to a lump sum turnkey type contract

Begin construction of 15,000bpd plant

2010

Outlook

Agree Concession Agreement with Jordan's Natural Resources Authority

Evaluate and negotiate front end engineering and design (FEED) process blocks

July

Formal statement meeting NI51-101 Standards of Disclosure for Oil and Gas Activities' giving '2C' Best Estimate at 154 million barrels for initial Al Lajjun area

March

Published oil shale reserves statement that meets Canadian NI 43-101 requirements

February

Oil upgrading tests show the technical and commercial viability of manufacturing high grade synthetic crude oil (SCO) and a range of finished products

2009

November

Environmental Impact Assessment formally accepted by the Jordanian government

October

Bankable Feasibility Study accepted by the Joprdanian Government

Commissioned oil upgrading test work in New York and Chicago

August

Consolidated resource in the high grade Al Lajjun deposit following a swap for the JEML Attarat allocation

July

Fourth pilot plant test run to analyse gases produced in the retorting process

Bankable Feasibility Study and Environmental Impact Assessment submitted to Jordanian government

June

Benchmark studies on carbon emissions and water usage commissioned

Third pilot plant test run to analyse liquids generated by the ATP process

April

Commissioned R&D work in Australia, UK and Germany

2008

December

Second successful pilot plant test run in Calgary

September

Further exploration drilling in Attarat (40 holes) and Al Lajjun (25 holes)

July

Trial mining exercise and bulk sampling for further test work in Calgary

June

Hatch Ltd of Calgary appointed to lead the Bankable Feasibility Study

April

Commissioned Environmental & Social Impact Assessment

2007

November

Public hearing in Amman as part of the Environment and Social Impact Assessment

September

Revised Memorandum of Understanding signed with the awarding of further ground in the Attarat region

June

Independent Competent Person's Report produced, which supports the findings of the Pre-Feasibility Study

May

Pre-Feasibility Study (PFS) completed

February

Representatives from Jordan's Natural Resources Authority (NRA) and Ministry of Energy and Mineral Resources (MEMR) visit Canada to view the ATP pilot plant and large-scale tar sands operations near Fort McMurray

Initial exploration drilling to confirm thickness and quality of Al Lajjun's oil shale

2006

November

Memorandum of Understanding signed with the government of Jordan

Successful 86-ton pilot plant run of the Alberta Taciuk Process (ATP) technology conducted in Calgary

September

Seed financing secured from RAB Capital

June

Jordan Energy and Mining notified of successful bid for 33% Al Lajjun

April

Jordan Energy and Mining one of 13 companies invited to submit a competitive proposal for the development of Jordan's oil shale resources including the Al Lajjun site

February

Jordan Energy and Mining Limited incorporated

2000 to 2005

Jordan Energy and Mining founders appointed to advise Jordanian government on its mining/natural resources policy