quarterly report

I have picked out the following points regarding the quarterly report.

1) OYSTER CREEK- First sales are tentatively targeted by the operator for mid to late May.
This will give antares its first real cashflow in the US.

2)LITTLE BEAR- Wireline logs have been run confirming better than expected gas pay zones in the UPPER and MIDDLE wilcox,primary and secondary objectives.
**Previous reports indicated that the middle wilcox sands had met pre-drill expectations NOT EXCEEDED.**

C2 well-Gas sands were encountered in the upper and middle wilcox section MANY of which correlate with the first well.
**It may be possible additional sands were encountered in the second well hence UPGRADING THE POTENTIONAL OF THE MIDDLE WILCOX.**

3) YELLOW ROSE - Pioneer Natural Resources has joined the survey which has reduced antares costs to approx USD 1.25m.
It still states that antares and sidc are 50/50 in the project. ????????????????

4) SHAEFFER RANCH - Rowena Deep
The 3D mapping has shown this feature to be a very large and robust closure with a possible upside of SEVERAL HUNDRED BCF.
There are a NUMBER of potential drilling targets that would test this feature and efforts are currently underway to farm out some equity in this project.
The initial test well is tentatively planned for third quarter 2007.
This project looks encouraging.

All the best.