successful appraisal of paloma, page-26

In the short term there are 4 very exciting appraisals to look forward to:

1/ The conventional zone of the McDonald formation. This should be quick and will be the first zone tested in PD-2.
I doubt yesterdays diagram is to scale and we hav'nt had the McDonald sand depth quantified but it does'nt seem out of the question to add another 10MB to the previous contingent resource table.

2/ Paloma Sands in PD-1. this oil reservoir caused alot of inhouse excitement when drilled. Its position higher up the well bore has meant it has'nt been able to be tested as yet. With the Antelope Shale test drawing to a close in PD-1 the Paloma Sands should be next. Again this should be quick to give a result.

3/ P-3 done by late this month early next.

4/ Resumption of testing Fruitvale Shale/Lower Stevens. Look out if we get a sustainable flow rate as this zone could be a biggie. This test may take longer given Fruitvale is a shale.