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EC 246 Well #2

On October 30, 2008 the Company announced the discovery of commercial reserves at the EC 246 Well #2. Upon completion of drilling activities, production casing was run and the well was suspended awaiting production facilities.

Probe WI:
Probe NRI:
100% BPPO / 80% APPO
70% BPPO / 59.2% APPO

Water Depth:
Total Depth:
Primary Object:
Top of Pay:
Gross Reserves Estimate:
148’
6,955’ TVD / 9,650’ MD
Pliestocene Lentic 1
6,514’ TVD
6.0 BCFG

Expected production rate from the EC 246 Well #2 is 10-15 MMcfd.