Ann: Drillsearch Agrees to Acquire Ambassador Oil, page-24

re: Ann: Drillsearch Agrees to Acquire Ambass... Well, I am happy to see that I was indeed surprised to the upside in regards to the potential of the Pennington field.

I do love the new requirements that companies have to put out estimates of field sizes.

Pennington with 1.7-2.7mmbo 2P, IMHO just as excitingly an estimated 3P of 5.3 mmbo. Add in Sunstail with its 1.6mmbo and high side of 2.5mmbo (3P) and DLS' 60% share is looking very nice.

To put things in perspective, that's at least another year of production at the current rates, with the potential as further appraisal/development wells are completed to get even more.