Block 4/05 in which we have a 20% interest is operated by Sonangol. The licence was given a two-year extension with a well commitment. One exploration well was drilled in 2008.

Block 15 exploration licence with ExxonMobil as operator has expired. Areas with proven oil have been converted to Development Area (DA) and Provisional Development Areas (PDA). A total of 36 exploration and appraisal wells have been drilled on the original Block 15 and offspring DAs and PDAs. Two appraisal wells were drilled in 2008. We have a 13.33% interest in this block.

Block 15/06, in which we have a 5% interest, is operated by Eni. The work commitment for Block 15/06 is extensive, covering 3D seismic surveys and the drilling of eight wells, to be carried out during the first five years of the exploration phase. The 3D commitment was fulfilled and two of the eight exploration wells were drilled in 2008, both announced as discoveries.

Block 17 in which we have a 23.33% interest is operated by Total. To date, a total of 32 exploration and appraisal wells have been drilled and all exploration commitments have been met. Two exploration wells were drilled in 2008.

Block 31, in which we have a 13.33% interest, is operated by BP. In 2008, five exploration wells were completed with two announced discoveries and to date a total of 26 exploration wells have been drilled in the block. The licence was given a two-year extension with a commitment of four wells. The exploration period ends in 2010.

Block 34, in which we have a 50% interest, is operated by the Angolan national oil company Sonangol P&P, and we are the technical assistant to the operator. In 2005, Sonangol P&P signed an agreement with the concessionaire to enter into the second exploration phase for Block 34 with a one well commitment. The licence was given a three-year extension with no additional well commitment. The period expires in 2011.