Ann: Update on Second Well Offshore Morocco, page-9

Seems to me that PVD should do all it can to get a second drill underway in the Morocco area. They must have learnt quite a bit from the first well and it would be good to know if any of the drill information gave any indication of whether the originally proposed Toubikal site shows increased promise of success. The former Director of Explorations/Operations certainly favoured this drill location and the surface sampling certainly excited investors. Would be wrong, IMO, to walk away from all this. The CR seems to be sorted out and I , for one, will be taking up my substantial entitlement. With a second drill hole, **on, and Madagaskar, prospects of oil prices rising with world tormoil, PVD's SP could easily be back near its earlier highs late this year.