Ann: OEL: Alaska Operations Update - Winx-1, page-72

Spinefix the Horseshoe well was a 20 mile step out well which discovered a separate 400m bbl accumulation
4 miles East of where winx1 is spudding. There are very good indications that the same sort of accumulation
is present on the Western blocks. This is a very big drill for such a small company and although it is tempting to
look at history this drill looks to be way better than the previous two. Third time lucky and all that.