The contracted rig is currently being used to drill another well for the
operator, Apache. Subject to the weather and operational requirements, the rig
is expected to arrive on location to spud well 18/5G in January 2007.
Connemara Field - Offshore Ireland
On 9 October 2006, the Company announced it had taken an option to acquire an
interest in the Connemara field from Island Oil & Gas plc. The option has been
extended to January 2007 to allow more time to review data provided by Island.