ipil ipil 1 daily drilling report sc46, page-10

Ivor, I definately think this drill if successful will have big/huge implications for ggx.

They are currently drilling right on the border of our permit and could have even intersected our permit boundary due to the type of drilling they are doing.
They are drilling in a Marine Park and have the greens and many local fisherman off side. Instead of working with the locals they stuck it up them.
Japex success here will mean a platform to be placed there and that will be interesting?
Any good result for Japex/Kuwait is a win for us.
We could possibly get new farmin partners out of this wanting to work with us on extracting the oil we found from our last drill. Further exploration partners for new drill onshore. Any success by Japex makes our permit look very nice and juicy.
We are also learning right now at ggx the drilling technique used by Japex as formation damage is a real issue when drilling in the area. Could assist us for all future drills.

Our chairman at ggx D.Munns is based in Singapore and has many contacts and resources available to get the job done so that is well in our favor. GGX would not have been able to complete our last drill without his local contacts there in Philippines.