Ann: Notice of Annual General Meeting/Proxy Form , page-12

re: Ann: Notice of Annual General Meeting/Pro... I've gpo my fill and was surprised at the price rise when it went ex. May be a good speculative stock in the coming months:

From 12/11 ann:

"MALOLOS-1: WORKOVER PHASE 2: Gas and oil bearing sandstones are present deeper in the
Malolos-1 well but they were not targeted during the Phase 1 workover which was completed in May,
2010. The Phase 1 workover targeted gas bearing sandstones above 1,000 metres in depth and this
worked proved the existence of natural gas and also determined the sandstone reservoirs to be of good
quality and to be undamaged by previous drilling and completion work.

Following the successful completion of the Phase 1 workover the Company will conduct the Phase 2
workover during December, 2010 - January, 2011. The Phase 2 workover will involve a well re-entry,
plugging the existing shallow perforations, cased hole logging and a decision on recompletion and flow
testing of selected oil and gas bearing sandstones at deeper levels (below 1,000 metres) within the well."