-- Thailand The L53-G3ST1 well, the second appraisal well to the L53-G2 oil discovery, has just completed drilling to a measured depth of 1,500 meters (1,250 meters true vertical depth) at a subsurface location approximately 350 meters south of the L53-G2 oil discovery, and is currently logging. Prior to release of the E-01 drilling rig at the end of the current drilling campaign, one additional well is planned for L53-G field and three additional wells are planned to target the shallow sands in various fault compartments within the L53-D East structure. The Thailand capital budget is being increased approximately $8.7 million for the addition of these four wells and recompletion activities. The 260 square kilometer 3D seismic survey covering the northern portion of Concession L53 and the adjacent lands in Concession L45 is expected to be completed in June 2013 and set up an exploration drilling program to commence in 2014. Oil production averaged 879 BOPD for the month of April. Oil production is currently 1,156 BOPD with a target at the end of the current drilling program of greater than 1,500 BOPD. As expected, the L53-A4ST1 well has now been shut in as a result of high water cut, resulting in a decrease in production of 50 BOPD from the last production update on April 25th. The L53-DC well, which represented 175 BOPD in the last production update, is shut-in pending the arrival of a workover rig to perforate the "A1" sand. A workover is also planned for the L53-DST3 well to complete a lower zone with previously untested deep "C" sands. The recently announced oil discovery at L53-G2 continues to perform well with production averaging approximately 340 BOPD with a 0.5% water cut. The average production for the remainder of the year will be severely impacted by the time required to receive approval of the L53-G production license and associated production EIA. Until a production license is granted over the L53-G field, wells in the L53-G field will be shut-in at the end of their respective 90 day test periods as per government regulations. Historically, it has been an approximately 90 day period from the submission of the production license application to approval. It is expected that sufficient data will be available to complete an application in June 2013. Production environmental approval has historically taken substantially longer than 90 days, but in a number of cases approval has been granted to extend the 90 day production test period until the environmental approval has been received Given these uncertainties, an accurate estimate of what production will average for the remainder of 2013 is not possible.-- Indonesia A 227 kilometer 2D seismic program has just been completed in the South CPP PSC with data processing expected to be completed by June 2013 and followed by the drilling of one exploration well in 2014. A 400 square kilometer seismic program has been underway for approximately one month in the Batu Gajah PSC, with acquisition expected to be completed in the third quarter of 2013 and the drilling of up to three exploration wells in 2014. A 430 kilometer 2D seismic program has just commenced in the East Jabung PSC with acquisition expected to be completed in October 2013 followed by the drilling of up to two exploration wells in 2014. The Cataka-1A well in the Citarum PSC is expected to commence drilling in the last week of May 2013 and take approximately 30 days to reach the top of the Parigi formation target at a depth of approximately 2,300 meters. The well was originally suspended in mid-January 2013 at a depth of approximately 550 meters, 1,750 meters above the primary reservoir objective. The continuation of drilling will utilize a number of changes including a more experienced rig contractor and drilling team, a rotary steerable directional drilling assembly and a managed pressure drilling system. The Cataka prospect is a large, approximately 25 square kilometer structure at the depth of the Parigi limestone objective level.