Information off our joint venture Gavea oil and gas web...

Information off our joint venture Gavea oil and gas web site

Block 330 Sergipe Alagoas Basin (Gavea Joint Venture – ERH 40%)

The re-entry program at Block 330 was successful with PTA-3 well being completed for future production. We estimate that PTA-3 will produce between 60 and 100 barrels per day of 15 degree API grade oil. A pay zone of 15 meters was confirmed by swab testing. The well was completed for future production on 25 March 2008. Application has been made to the ANP for an extended production test. Development planning has commenced and options for acid stimulations and horizontal wells are being assed.

http://www.ubx.com.br/gavea_basins.htm

Mercury report said 330 had a 40m oil column. So that means the untested sand oil column must have been 25m