announcement out!!, page-16

SOA2

three stages fac BECAUSE THIS WELL HAVE 3 PAY ZONE. The initial frac will stimulate the lower perforations at around 10,000 feet, comprising 31 feet of log pay. The second stage at around 9,300 feet will stimulate a single 7 feet of log pay and the third stage at around 9,200 feet will stimulate several sandstones with 22 feet of log pay. Detailed engineering of these fracs have been completed.

Assuming that an adequate rate can be
obtained from this frac, then there would be many OPPORTUNITIES to pursue this result, both within
the SOA prospect itself (such as drilling the Clipper location immediately adjacent, and subsequently the 24 other wells, 40-acre each,within this prospect) and in addition, the 24 seismically defined anomalies within the project area. These anomalies have substantially identical
properties to the SOA #2 prospect which has now been proved to be generated by porosity development within the Permian section. Some of these prospects are located at substantially shallower depths, and could provide a consequential improvement in reservoir quality.

SO soa2 provide success and this Permian section is attractive and productive.

Greatel

still have a pay zoon which could produce 107 BOPD so it is encourage, The forward plan for the Gretel well is to continue to produce the well such that a definitive oil rate and oil cut can be established and then to perforate and produce the indicated log pay in the Amsden Formation. Given the depth of the Amsden and conditional on the oil rate that might be obtained, this zone could provide an attractive target to develop.

Abercrombie results shine lights on SSN future

The Gretel location which was selected to be southeast of the surface expression of the Brockton Fault however, with the benefit of the data obtained from the two wells Gretel II would have been better located to the south and east of its current location in the same structural element as the
Abercrombie well. This refinement is not unusual in the early stages of developing the knowledge of the project area.

So, TB knows what are the problems why Greatel is low rate so he will do carefully as he do to SOA 2 so the next step in our FP project is quite positive with clear direction and SSN would have a great chance get similar results asAbercrombie with long lateral, etc.

Defender

don't write off it yet coz it might be another suprise.

Thanks TB by listening us and you have the ability and patient to turn the thing around and get us out this miserable feeling.

Thank you.