Hi Stark;

I believe the 2nd Murphy well was started begining of March and was to take about 1 Month so we should be moving the rig over to the Impex block shortly and start spudding there mid to end of April I would think, but just moving the rig from Murphy 1 to Murphy 2, took almost 1.5 months due to rough seas and that wasn"t very far. Moving the rig over to Impex is quite a distance ( 250 K's roughly) so who knows when it will arrive and with CGX what ever can go wrong usually does.

Once Impex starts spudding that should take about 2 months +, and then the rig has to be moved another 150 K's+/- to Jaguar, so I can see why Charlotte can't really commit to a date for spudding Jaguar, my guess / hope is sometime in July.

The good news IMO is that when Impex starts spudding I think our SP will start to move since Impex & Corentyne are next to each other and the chance that Impex strikes oil would suggest that Corentyne will as well. Good things comming for OYL share holders just taking longer than expected which is the norm for this stock, I still think 3.00 to 5.00 SP when Jaguar is being spudded, higher if anybody stikes oil before. all JMO.