HIGHLIGHTS ? The Solimar 76-33 well at Guijarral Hills has...

HIGHLIGHTS

? The Solimar 76-33 well at Guijarral Hills has commenced drilling.
? 35 day drilling program will test 4 separate sandstone reservoir targets.
? Targeting 5 million barrels recoverable oil resource with upside for 25 million barrels in
2560 acre project area.
? Nearby existing infrastructure should ensure rapid commercialisation in the event of
success.
? Major portion of well cost farmed out to third party.
? Solimar Operator and retaining 35% post drill.
? Drill program a pre cursor to other Solimar 2011 activity which includes drilling and
production testing programs planned at Kreyenhagen, SELH and Paloma Deep.