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Investors and advisors Presentation announcement out now.

Extract:

Kiliwani Wells: Estimated Un-risked Potential -Recoverable Gas and Oil


Kiliwani#1 (Gas) will test:
Reservoir: Sandstones with moderate to good porosities
Source: Close offset to SongoSongoGas Field
Seal: Overlying marine shalesand claystones
Trap: Faulted anticline
Un-risked Potential Gas: Mean Expected (est) 250 BCF
Drill Schedule: Current spud date is +/-1stNovember 2007
Duration +/-45 days



KiliwaniNorth #1 (Gas) will test:
Reservoir: Sandstones with fair to moderate porosities
Source: Close offset to SongoSongoGas Field
Seal: Overlying marine shalesand claystones
Trap: Faulted anticline
Un-risked Potential Gas: Mean Expected (est) 10 -15 BCF


KiliwaniNorth #1 (Oil) will test:
Reservoir: Sandstones with fair to moderate porosities
Source: Potential oil source rock in Upper Cretaceous
Seal: Interbeddedmarine shalesand claystones
Trap: Structural / StratigraphicTrap
Un-risked Potential Oil: Mean Expected (est) 10 mmbbls(Recoverable –Based on 35% recovery factor)
Drill Schedule: Current spud date is +/-1stJanuary 2008
Duration +/-TBC days
Kiliwani Wells: Estimated Un-risked Potential -Recoverable Gas and Oil


Cheers
R