RE: 2011 progress I suspect ENG have done more behind the scenes in 2011 than we presently know.
1. May 2011 released Resource Estimate for Lotshi.
2. I suspect ENG were likely close to a financing for drilling Lotshi when the market tanked.
Rather than give away the farm, I suspect they are in a hold and wait, searching for the right JV
Partner for Lotshi.
3. Increased ownership of Block 1711 from 10% to 15-19%.
4. I suspect Jeff is talking to the majors offering 55% of Block 1711. We need the right JV Partner,
not another Sintez.
5. ENG are building a school & clinic in The Congo. They are showing they intend to be there.
6. According to Nov M&A, still planning to drill mid 2012, I am confident Jeff must be spending
time searching for the right partner for The Congo.
7.This has taken longer than I anticipated, however, the potential for success has not changed.
Wishing the shareholders of ENG, A Happy New Year and may we have a successful 2012
drilling season at Lotshi. A successful Seismic Program at Hartmann and with good solid JV
Partners in both projects.