poe update very nice

NS3-D1 has been put on production at a sustained, stabilised rate of
approximately 434 bbl/d, with a water cut varying between 0.2% and 0.47%, as
the well continues in the final stage of cleanup. This stabilised rate is a
significant improvement over the 337 bbl/d maximum rate reported on August 27
that had been achieved using a smaller, surface beam pump. NS3-D1 and the
original POE-9 discovery well are located in the south fault block of the
seismically defined Na Sanun East structural closure, where the oil water
contact has yet to be encountered.

L44-H Appraisal Well

The Aztec #7 rig is currently cutting core at a depth of 837 meters after
encountering oil shows while drilling the top 1 meter of the primary volcanic
objective. L44-H is located approximately 3.25 kilometers north of NS3-D1 and
located in the central fault block of the seismically defined Na Sanun East
structural closure.

L44G-D1 Appraisal Well

The Aztec #14 rig is currently drilling out the intermediate casing shoe at
depth of 610 meters TVD after logging and setting the intermediate 9 5/8"
casing. The L44G-D1 appraisal well is located approximately 7.4 kms north of
NS3-D1. Intermediate logging indicates an unexpected, 79 meter thick volcanic
from 531 to 610 meters TVD that exhibited high mud gas readings, oil shows and
17.5 bbl/hr mud losses while being drilled. The main, deeper, volcanic
objective encountered in the offsetting L44-G vertical well, 600 meters
southeast, is yet to be encountered. Total depth is anticipated to be reached
within the next 7 to 10 days. L44G-D1 is located in the north fault block of
the seismically defined Na Sanun East structural closure.