now firing up..giving the market ..heads up

where is Otto's announcement, talk about giving the market "heads up"

ABN: 38 115 711 601
20 Howard Street PERTH WA 6000 Po Box Z5490 PERTH WA 6831
Ph: +618 9481 8696 Fx: +618 9481 2394
4 April 2008
Australian Stock Exchange
By ASX online
Incremental discovers gas in first well of Erdine Drilling - Turkey
Highlights:
• Ikihoyuk 1 well has encountered 28 metres of net gas, in the target pay
zone between 323m and 468m.
• Discovery zone is three times greater than prognosed.
• Present operation is running 5 inch casing on the Ikihoyuk 1 well and the
rig will then move to the next well in the five-well program - Ortakci 1.
• Ikihoyuk 1 will be tested, along with any other discoveries, at the end of
the 5-well drilling campaign anticipated to last about six weeks.
Incremental Petroleum announces that the first well in the 2008 Edirne
onshore drilling campaign in Western Turkey (IPM 55%) has discovered
almost three times the prognosed gas pay.
ORTAKCI
IKIHOYUK
ARPACI 2
KUZEY
ARPACI
0 5 km
3D AREA
LICENCE
BOUNDARY
LOCATION MAP
BATI YAGCI
Figure 1. Location of five wells in 2008 Edirne drilling campaign
The Ikihoyuk 1 well discovered 28 metres of net gas pay, based on
wireline log analysis, between 323m and 468m. Average porosity is
excellent at 26 per cent. Total depth of the well is 520m.
The pay is deeper than prognosed, adding significantly to preliminary
mapped reserves (based on the greater gas compressibility at depth).
ABN: 38 115 711 601
20 Howard Street PERTH WA 6000 Po Box Z5490 PERTH WA 6831
Ph: +618 9481 8696 Fx: +618 9481 2394
Ikihoyuk was drilled without incident and is total exploration costs are
currently approximately 15% below budget.
Ikihoyuk 1 will be flow tested, along with any other discoveries at the end
of the 5-well drilling campaign, anticipated to last about six weeks.
The Ikihoyuk structure is one of 17 structures mapped on the 2007 3D
seismic and is a downthrown fault trap.
The excellent results from this first well, together with gas previously
discovered in the 2007 exploration campaign, continue to build the
resources needed for substantial gas development in Edirne.
The partners in the Edirne Gas project are Incremental Petroleum 55%,
Otto Energy 35% and Petraco, as joint operator, with 10%.
Gerard McGann
Managing Director