update tonight, page-3

Personally, I don't think too much will be said in the next ann.

Just a general update on TD and that testing has commenced with some news on the next spud..

This next well is fairly exploritary. As they are self funding, flush with cash and not selling everything they are producing, they have turned there attention to more development and exploration to open up new areas.

We have to expect they have the capacity to produce more, as they are running choked pressures but attention is turning to opening up the field to major upside potential.

The well due for completion after this one however is smack bang in the oil fairway and being horizontal should be a good producer for them.

Maybe the market is aware that this well has a certain amount of risk like WB-1 and are treating the stock accordingly, with sceptecism.

As said before, I don't hold much hope for major movement in SP until after March when we see updated reserves and a move to infrastructure which will allow the 20,000bopd to be sent to the refinerey that (I) think they will be sucking out of the ground by Q4 2008!!