Compass Venture Inc T.CVI.A

RE: RE: my take

[GMJFAR]

The granitic is very hard to drill, so its taking time, but the news will be good !! 

Qarn Qaymah
Appraisal of the Qarn Qaymah structure was started by mobilizing the rig to the Qarn Qaymah-3
("QQ-3") well site in mid-September. The drilling of the well commenced on October 2, 2010.
QQ-3 is targeted to have a total depth of 4,460 meters including an open hole section of
approximately 1,000 meters in the oil bearing Fractured Granitic Basement ("FGB"). The
open hole section is expected to encounter seven (7) major fracture zones in the FGB. Calvalley
expects to keep this rig in the Qarn Qaymah area due to its capability to drill additional deep
exploration/appraisal wells.
The drilling of QQ-3 is progressing well and on budget with the current depth of approximately
2,000 meters. We expect to complete the drilling by mid-December. The testing of the well will
commence immediately thereafter.