Someone read the MD&AThe Corporation, with its partners Oando and Sogenal the operator, is looking at options to re-enter and test the suspended
Akepo-1st well in mid 2009. Preparatory engineering work and a site survey have been completed, a geotechnical survey hasbeen completed, and enquiries are out for a suitable drilling rig, and one has been identified, and is anticipated to be on location
in the near future. If the test is successful, the well would be completed, and left ready to tie into infrastructure and put onto
production in the near term.
The Corporation continues to target building a reserve base of over 10 million barrels net to Exile and to this end is in active
discussions to participate in further Niger Delta discoveries and other opportunities in the Gulf of Guinea.
All adds up to news coming real soon! Thats why there is activity