Press Release : Progress in Poland - First well planned for April 2010

We are pleased to report that contracts have now been signed with Polish state companies Nafta Piła and Geofizyka Torun (both subsidiaries of PGNiG) for operations commencing in early 2010.

The rig contract with Nafta Piła is for up to 3 wells, the third of which is likely to be horizontal. We expect to spud our first well in April 2010.

Geofizyka Torun have now been engaged by us again to conduct a second 3D seismic survey, this time on our Cedry Wielkie concession. This will be carried out in early 2010 in order to site our second well.

Discussions are ongoing for the associated well completion and testing services that we require – we expect to have terms concluded with our preferred supplier in January 2010.

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