Ann: Weekly Drilling Progress Report , page-9

Possum Belly, Do you really still hold? You seem to hate the company and don't rate anything about them so why do you still hold? My suspicion is you don't, or you hold a shiort position.

In terms of "real" people as you put it.

Jeff Shrull:

Mr. Jeff Schrull is a senior executive E&P professional with 25 years industry experience including 18 years with Chevron. He held the positon of Corporate General Manager of Exploration for Addax Petroleum between 2006 – 2010 and during this time Jeff was successful in building Addax exploration business throughout Africa and played a key role in the subsequent sale of Addax to Sinopec.

Charlie Nieto:

Mr. Charlie Nieto is the Chief Operating Officer for Rialto Energy Ltd. He has 32 years of oil industry experience. An Engineer by background, he has previously acted as Technical Vice President at Stratic Energy and has held senior technical and management positions with Shell and Enterprise.

Vance Querio:

Mr. Vance Querio is a seasoned West African industry executive with over 30 years operating experience. Vance previously served as Chairman and Managing Director of the Addax Petroleum companies in Nigeria, during the years that Addax Petroleum Nigeria achieved peak production of over 110k bopd and annual expenditures in excess of US$1 billion. Prior to joining Addax, Vance was an independent producer in the USA as Manager of Source Rock Energy, LLC and he served as Vice President of a non-conventional gas producer in the United States. Prior to these undertakings, Vance had spent 20 years with Chevron Corporation, working primarily internationally,

Simon Zoller:

Experienced drilling manager Simon Zoller has joined Rialto Energy to manage the company’s current three-well campaign in the Ivory Coast as well as oversee future drilling operations. Zoller, who held drilling management positions with Premier Oil and Tullow Oil, has more than 12 years experience in shallow and deepwater drilling, project management and other related fields including working on projects located in the west African region where Rialto’s Gazelle field is located.

Dr Simon Barkham:

Dr. Barkham is an industry professional with 23 years oil and gas experience. From 2002, Dr. Barkham worked at Petro Canada, where he held positions including Exploration Manager and Technical Manager. Prior to this he spent 12 years with Enterprise Oil as a Geologist.

Ian Bulley:

Mr Bulley has over 23 years experience as a petroleum geologist in a wide range of exploration and development settings gained through working on acreage in Australia, SE Asia, Middle East, East and West Africa, and the North Sea. He has worked in both exploration and production environments, for Amoco, Hunt Oil, PGS, Hardman Resources, Tullow Oil and other oil companies and consultancies.

Dean Criddle:

Mr. Dean Criddle, is a Senior Geophysicist with 16 years international experience, gained through work on high profile exploration and development projects for Chevron. His areas of expertise include advanced seismic data processing, seismic reservoir prediction, seismic interpretation, prospect generation and well location optimization.

William Foley:

Mr William Foley holds a Bachelor and Masters in Geology and has 30 years international experience in the oil and gas sector. William has worked extensively in West Africa, most recently with Addax Petroleum as Exploration Manager, responsible for the deep water Joint Development Zone between Nigeria and Sao Tome. William’s career includes 17 years with Chevron Corporation, with positions in the US Gulf of Mexico; UK North Sea; North West Shelf, Western Australia and Angola and he has also acted as a consultant to Exxon, Texaco, Pemex and Netherland Sewell.


These are all key personnel or directors, with the majority having experience with major companies from the US and the UK, so don't state there are no "real" people involved with RIA as thats clearly untrue.

I believe you have an ulterior motive for your posts (potntially shorting) and therefore I give no credence to anything that you say as you are very light on with the truth. There were clearly issues with the drilling programme and these were expressed well by Spawk in the post above this one on 08/06/12 at 9:36. The key issues are related to the PR around what the well was for. Had this been stated as an appraisal well the whole way through, with the aim to suspend it as a producer there would have been no real problem. All thats been proven is that the P10 is not valid and its likely therefore that the P50 is the best we can hope for for Gazelle, the sidetrack will prove this true or false.