madigan, page-2

Since the previous announcement that CTP had secured a rig, we were never informed that the agreement did not eventuate. Obviously there must have been a problem.

CTP has now just finally confirmed that they will commence drilling up to 3 wells after arranging another rig from Hunt (rig 3) which sounds a lot better than the rig they were negotiating on previously.

Firstly will be Surprise -1 re-entry in the first week of November,followed by Madison or Simpson East and Mt Kitty in a liquids focussed drilling programme .

Good Luck to all, Klaas

D.Y.O.R