good news re: galoc, & answer galoc questions, page-19

re: maybe i was wrong????? who is this?

"As an example of our capabilities Team Oil has negotiated a farm-in to a highly attractive but technically challenging proven oilfield discovery in the Far East region. Team Oil is working with the existing owners to develop the Field. Team Oil has prepared a development plan and sub-surface study to operate the field and is putting together a financing structure to drill a minimum of two wells with production facilities operating in the region of 25,000 bopd. First oil is targeted for the third/fourth quarter of 2005."