Cap offer, page-10

We received a call from the PRL office about entering into the CAP raising, I thought it was strange they were calling to see if we needed any help with the forms. I thought it was a good chance to find out if the rig was still in Uruguay, the answer was that after a fault during drilling the partner has exhausted all funds and the project is on-hold until we source a new funding partner, they believe the asset is worth $4M market. When asked again whether the rig was still in Uruguay the answer was 'I assume so', he mainly steered the conversation into how PRL are concentrating on there new assets in Spain....