Ann: Elects not to exercise WA-359-P drill option, page-5

re: Ann: Elects not to exercise WA-359-P dril... It was indicated in the AGM that WA-359-P would probably be dropped so it is not a surprise.

Evidently, after reprocessing the existing 3D seismic on the Hephaestus lead did not warrant further expenditure.

MEO still have a firm 35% involvemenmt in the positive WA-361-P prospect (Zeus) which is adjacent to Artemis and soon will be cemented in to WA-360-P after the drilling later this year.

I notice that Moby, unfortunately, have problems at their BH drilling. This is after an evacuation of the rig at Cornea. This reminds me of the problems MEO and RDI had with Zeus-1 and why MEO have delayed the drilling of Artemis until after the cyclone season.