"The J-51 well is the Companys commitment well for 2010. This...

"The J-51 well is the Companys commitment well for 2010. This well is planned as a step out
from J-50 and is prognosed to intersect the same Block 31 Middle Triassic reservoir objective
and have similar production characteristics as the J-50 well. The Company plans to spud J-
51 as soon as possible to take advantage of the warmer summer months of June and July."

"NWZ 2 Well
Access to funding from the placement will assist to remove the resource constraints in
Jupiters Aktau based operations team and accelerate production testing of the NWZ-2 well.
This well has already been successfully re entered and is awaiting being brought onto
production testing. An earlier commencement of production testing will in turn enable the
Company to increase its Q3 and Q4 2010 export revenues by bringing the NWZ 2 well onto
Trial Production earlier than had been budgeted."

"The immediate focus for the Company is to efficiently complete the J-50 well and achieve
initial flow rates from the well clean up before starting a 3 month production test. As
previously announced, the Company expects to update shareholders on the initial flow rates
from J-50 by the end of April 2010."