pangaea

Extract from a few quieries I had, very prompt response was received:

Q1. Pangaea should spud their first well in 2 weeks - they have a 3 well program using 2 different rigs. Santos are taking the Pangaea "big" rig following Pangaea's deep well - probably September. Santos' well will be a 4100m well.

Q2. Our current cash burn rate is around $2.7 mill per annum. $1.2m stated for next qrt leaving approx $8m.

Q3. No CR on the horizon

Cheers,

Kosy