Ann: RB 1 Well Confirms North Chapman Ranch Disco, page-2

re: Ann: RB 1 Well Confirms North Chapman Ran... Well well well, while we will now have to wait several weeks for full test results from Beverly 1, it would seem we are now 2 from 2, 130Ft of net pay zone, and more importantly confirming Smiths figures/ modelling, and when results due, the moving of P3/2 to P1/2 and increasing P3.

Well done to the drilling team, 2 holes under budget, Commercial, and fuss free, and with more to come.

More importantly Smith Frac results being tested and brought up to pressure as we speak, with results due any day now, Results from Smith should be a good indication of what Beverly will also produce.

So still due at anytime now, Smith Fracc Results, and new Americas Project aquisition.

RRS holding up very well considering overall market sentiment.

Cheers

jamit01