Currently negotiating Farm in for 

Block M - Equatorial Guinea...

• 116 Million Barrels Recoverable. Wood-Mackenzie - Net Yet to Find Reserves Estimate
• 2,713 square kilometers license.

Completed

• License and Ratification.
• 2,000 kilometers 2D seismic completed.

Required by October 2007

• 750 Square Kilometers of 3D seismic.
• 2 wells