galoc prod early 2007 so that wont be new ann:

Whats left Cool energy I guess

GPC will submit a development plan for the Galoc Field to the Philippines Department of Energy before the end of the year. Production is scheduled to begin early 2007. The initial phase of development of two wells is expected to recover approximately 6 million barrels of oil in about 18 months, but further upside potential exists in the field that could increase reserves.

First oil from Galoc is anticipated in early 2007 with an initial production rate from the field of around 15,000 barrels of oil per day. The first phase of the development plan will aim to recover around 7 million barrels, although further detailed geoscience and reservoir engineering studies are underway at present which may result in a revision of the geological and reservoir simulation models for the field.

The Philippine fiscal regime is a production sharing system and is generally regarded as one of the most attractive by international standards.


http://www.granbyenterprises.com/ops-phili.asp