Area Drilling

March 12, 2007

Colombia

Consulting engineers estimated proved and probable reserves at 694,000 bbl of oil in Centauro Sur field, Emerald Energy PLC’s third oil discovery on the 503 sq km Campo Rico Association Contract area in the Llanos basin.

Two wells are producing a combined 700 b/d of 16° gravity oil from the Eocene Mirador formation, and a flow line has been installed to ship Centauro Sur field fluids northeast to the Campo Rico field facilities. Emerald discovered Centauro Sur in 2006.

Niger

China National Petroleum Corp. was moving a rig to drill the Fachi West-1 exploration well on the Tenere Concession in Niger after Saha-1, the first well in a three-well program, proved noncommercial.

Drillstem tests were run on two intervals, and one flowed oil and water, said carried 20% partner TG World Energy Corp., Calgary.

Trinidad and Tobago

Ten Degrees North Energy Ltd., San Fernando, Trinidad and Tobago, let a contract to MTEM Ltd., Edinburgh, to carry out an R-land multitransient electromagnetic survey over Tabaquite oil field.

Tabaquite is a mature producing oil field in central Trinidad 25 miles southeast of Port of Spain (see map, OGJ, Sept. 28, 1981, p. 364). The survey is aimed at locating bypassed oil by measuring subsurface resistivity changes with depth.

Quebec

Forest Oil Corp. plans to explore the St. Lawrence Lowlands south of Lac St. Pierre, Que.

Under an agreement with Gastem, Montreal, Forest could earn as much as a 60% interest in Gastem’s 45,381-ha Yamaska property by contributing up to $10 million to a drilling joint venture.

Gastem plans to drill two wells in 2007, the first of which must be drilled before June. Depending on well results, Forest may conduct other tests and commit to further exploratory operations to earn its interest.

Yamaska, surrounded on three sides by land held by Talisman Energy Inc., Calgary, has geology dominated by formations of Middle and Late Ordovician age.