drilling january, page-4

Africa Oil has stated an intention to commence operations immediately. Worthy of mention is that Africa oil has reviewed data prepared by the Puntland government and Range Resources. They have reinterpreted existing seismic data and have drill targets identified. Rig mobilisation for Dharoor is expected in Q1 2010 with a view to spudding the first well in mid 2010. Could be slightly before then now as they seem very keen to have operations underway.