18 well back to back program off to flyer

Anderson #1
Type: Gas development
Location: Halletsville South, Lavaca County, Texas
Target Depth: Test of the Wilcox sands at 9,200 feet
Working Interest: 29.7% (up from 25% interest as a joint venture partner did not take up their interest).
Operator: Trio Consulting & Management LLC – Wichita Falls, Texas.
Status: The Anderson #1 well reached a target depth of 9,181 feet as at 29 April 2006 (Texas
time) and is being cased for production. Log, core and show data, all indicate the
presence of over 100 feet of total net pay, in eight separate Lower Wilcox zones.
The Anderson #1 well came in within five feet of prognosis, approximately flat at all
levels to the Gerdes #1 well 2,000 feet to the northeast. Four additional zones were
encountered in the Upper Wilcox sands, each less than seven feet net. The total Lower
Wilcox net pay encountered in the Anderson #1 was over 100 feet, in eight zones.
The Anderson #1 was drilled on the south flank of the feature which has previously
been proven productive by the drilling and testing of our Gerdes #1 and Butschek #1
wells. The Anderson #1 has demonstrated that at least four of the zones, the Upper
Wilcox 6,000', the Lower Wilcox 8,150', the Lower Wilcox 8,500', and the Lower
Wilcox 9,000' zones, all extend between all three wells drilled to date, confirming a
drainage area of at least 300 acres. All of this acreage is on leases controlled by the
Amadeus group.
Volumetric data suggests that the recoverable reserves in the 8500' zone alone should
exceed 4-6 billion cubic feet of gas and 500,000 barrels of oil. This would be tapped
from 2-4 wells. Target production rates are in the range of 0.75-1.5 million cubic feet of
gas and 50-75 barrels of oil per well, per day.
This is the tenth successful well drilled on the Halletsville project area, out of 13 drilled
to date, a success rate of 77%. Amadeus anticipates that the incremental production
from this field will add substantially to its 2006 and future net operating cash flow.


next well in program spudding this week.