The company expects that the first well will commence drilling on approximately 24 February 2011.

The company said that each of these wells will take approximately 10 days to drill and case.

The company has decided to begin the completion programs following the drilling of the third well.

These wells are being drilled as developmental locations generated from last fall’s drilling program, according to the company.

The company continues to target the oil bearing sandstones of the multi zone Canadon Seco and Caleta Olivia formations.