interview with ceo, page-12

Rafish,

I think your being a little premature with the 15 Million addition to 2P numbers.

The number being talked about was between 9 and 10 million barrels, taking the 2P number to 34+ Million barrels.

It is interesting that they found oil in 3 shallower sands currently called Z sands, maybe they will test them in this well once the main 90 day test is over!!

Now that would add more to the 2P number.

However what is of real interest to me and most people will have missed it, is the re-interpretation of the southern section of the block.

Yes go and compare it to the November oil barrel presentation. You will see that the main fault is now shown to run south south east right out the bottom of the new licence area, before it much more easterly only went about half way down the extension area before exiting to the east.

We now have 3 prospects on the extention area instead of 2. It will be very interesting to hear their views as to the likely size of the prospects compared to their earlier views.

So the new data must have surprised them quite a bit and as all 3 are all close to or run up against the same major fault, that seems to be the closure event for Akkar East. I would think the chances of further success on the block have been greatly enhanced.

Very interesting times ahead I think.

Can't wait to hear what they say in the next update.