announcements, page-33

Hi Willy

I raised the the possibility of a JV with Laredo a couple of weeks back.

At the time I felt that it would make sense as the land could be joined as one unit making for more efficient use of rigs.

I was also under the impression the two CEOs have similar abitions judging by there past ventures.

Laredo have 12 rigs working in the Permian and add to that the 3D being considered.

Laredo are much bigger than us so I dont know if it would be a match made in heaven it seems we stole there drilling manager.

Whatever it will all be revealed.

Cheers Whisky