Alex Squires

Just raised some money and will be undertaking a 6 well program.

Have announced their fourth successful well. Tests flowed 3350 barrels a day. Expects further drilling this fall. Could be tied in next year.

There have been some recent developments which make it quite exciting. Just bought its US parent out. Have received approvals for their project.

Have just started their first well in Slovenia to be followed up by a second. Results should be known in a few weeks. Negotiating to expand their fields in that area.

Have recently branched out into northern Montana. Have just started drilling and expect to tie in gas production later this year.

New COO who has brought in some good people. Changing their focus to western Canada but will continue working on the East Coast. Just acquired another block in Trinidad.