Guatemala

June 7, 2006
Taghmen Energy PLC, London, reentered the 1XA well on the 6-93 license in late May 2006 and kicked off at 5,810 ft. Planned drilling time is 35 days to 10,000 ft.

By OGJ editors

HOUSTON, June 7 -- Taghmen Energy PLC, London, reentered the 1XA well on the 6-93 license in late May 2006 and kicked off at 5,810 ft. Planned drilling time is 35 days to 10,000 ft.

It plans to spud the Huapac 2X well on 6-93 in late July to drill to a bottomhole location based on 2D seismic data acquired earlier this year.

Meanwhile, the environment ministry granted technical approval to convert the planned 3D seismic survey on License 7-05 (Tortugas/Atzam) to a 2D project. The first of three well workovers is to start in late June.

Both licenses are in the Peten basin.