Shareholder association update, page-8

kit67,

Plans are speculative as they change, once material events occur and definitive timeframes are set will the market become informed.

So far there have been 4 pads approved, once the hurricane season is finished construction will commence. There are plans to acid washout Alameda-2 to commence in coming weeks. 30,000 barrels to be sold to an off take partner. Then farmout to be made to fund two firm wells and 5 contingent wells.

There should be an announcement out soon on drill pad plans. Also another Announcement due soon on new WA permit. this permit to be added to farmout campaign, plenty of interest from majors due to gas shortage and lack of drilling.