RIFT OIL, Drilling for Oil in Papua New Guinea

Muj,

Not that I can see, it seems that the company will still be going over the report and will get back to us in due course. I expect that the report will be fairly comprehensive and will set out our way forward. As we know the Douglas-1 well on Douglas prospect A needs to be appraised updip from this first well, and the 16 sq. km. target could be several hundred BCF and condensate, then we have Douglas B and Douglas C making up the rest of the 50 sq. km. Douglas prospect. We'll then drill the 19 sq. km. Puk puk or another target on Douglas. The extra 54km seismic lines will have further defined the prospects and mature them towards drill ready status. Hopefully the update will come soon and we'll move ahead.

Regards,
Ed.