NEWS FROM THE DRILL SITE

Drilling status on November 2010

Measured depth  :     4'298 metres
Vertical depth      :      3'535 metres

The exploration well Noville-1 has been drilled to TD. Following formation tests in the reservoir zones and demobilization of the rig, the well has been temporarily suspended. A detailed evaluation program is under way to determine the next actions. The outcome will be released within the first half of 2011.

Well site recultivation will be finalized by the end of 2011, independently of any further action resulting from the current project evaluation.

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