**countdown**

hi guys.

see below taken from brokers report on (opl) about jack hamar#1 well.

in which they say upside of a possible 100mmbbl..

which they suggest potential reserves between 15-30mmbbl pre partner.

no doubt you can workout the figures on todays oil prices, this means big bucks for the companys.

plus they recently announced the green light for another planned drill just west of current position.



SE Lost Hills (diluting to 25%)
Prime acreage leased
from Shell/Exxon-
Mobil adjacent to 500
million barrel field.
US$1.4m well funded
by others.
Orchard has leased 6,600 acres (5,200 from the Shell/Exxon-Mobil Aera JV) between the
500 million barrel Lost Hills oil field and the 33 mmbbl Cal Canal oil field. It is proposing to drill
the US$1.4m (US$1m dry hole) Jack Hamar well in August 2004 close to an offset well which
recovered oil in a Drill Stem Test (DST). The company is diluting its interest in part of the
leased area from 50% to 25% in return for a financial carry in this well.
Daily production (LHS) Cumulative Production (RHS)
Source: Orchard Petroleum
Oil discovery on adjacent acreage
Recent exploration
success 2km from
planned well.


Ivanhoe Energy Inc announced on 30th January that it had commenced production from its
Citrus-1 oil discovery well, 2km from Orchard’s planned exploration well. Citrus-1 initially
flowed 210 b/d (34 deg API) and 195 Mcfgd at 270 psig flowing pressure from a 1,900’
horizontal section with 80% water cut. Ivanhoe assesses the potential for an additional
25 horizontal well completions from five productive zones in the Citrus prospect area.

high risk so one must taken caution.

regards