oil price, page-4

Seriously Scarin, reread the last update from Feb 2 -


ABITA PRODUCTION TO COMMENCE END OF FEBRUARY

Highlights

• Concrete Barge, Keyway and Line Heaters are complete and ready for production
• Final approval of pipe-line tap, sales and metering station from Sonat has been received
• Final work being completed in the next few weeks with production to commence before end of
February
• Grand Gulf has 20% of the Abita discovery until project payout when it reverts to 15% WI
• The well logged 171ft of net pay in 9 intervals
• Recoverable resources estimated at 350,000-700,000 barrels Oil and 8 BCFG with additional upside