| Overview The Company holds a 25% interest in two exploration licenses in the Republic of Mali where its costs are fully carried by Heritage Oil Corporation under the terms of a farmout agreement through the primary seismic program and the first exploration well. The area of the licenses is part of the Cretaceous-age Central Africa Rift Trend which contains significant oil accumulations in Chad, Sudan and Niger. The basin has been sparsely explored with only 600 kilometers of older vintage seismic data. A nearby water well had significant shows of oil and gas demonstrating an active petroleum system. The acquisition of at least 1000 kilometers of new seismic data and the drilling of one exploration well is planned for 2011. Block Summaries
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