by end of July as per todays NR.

In June 2010, the Georgetown PPL partners committed to a rig-sharing consortium, which contracted

the Atwood Beacon jack-up rig to drill two wells for Murphy Oil Corporation (“Murphy”) and one for

Inpex Corporation (“Inpex”) offshore Suriname, and one well on the Georgetown PPL. Murphy

completed its second well in April 2011 and following the drilling of the Inpex well, the rig is expected

to be at the Jaguar-1 well location by late July 2011.