Ann: Atzam Oil Project Update , page-29

Juma, good not to have water production. They keep saying that as we should expect water production in fractured carbonate reservoir at some stage. Depending on many factors, pumping up the oil can increase the chance of early water produced with oil and once we have it, we just can't stop it generally speaking. Apart from having to dispose the water, there will be some oil left behind because of that water break through. They produce high amount of water with heavy oil production in Guat anyway. I am looking forward to see spud before the GM.