JKX now holds a 30% interest in the Fiume Arrone Permit.
A number of leads have been identified in Fiume Arrone from existing seismic data that was purchased and reprocessed. JKX has completed its interpretation of this data and has identified the need to acquire 28 Km of additional 2D seismic over the most promising lead in order to firm up the prospect and to optimize the well location.
It is anticipated that this survey will be acquired in late 2005.