Work Description Estimated Commencement Time

Construction of the location Completed   Rig at location, spudding Completed   Rig release Completed   Awaiting Confirmation New Rig May / June 2006   Testing the well May / June 2006   Equipping process May / June 2006   Monitoring initial production May / June 2006   Awaiting Pipeline Permit May / June 2006   Begin construction of the pipeline May / June 2006