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Alias Born 07/02/2004

Re: None

Friday, 08/17/2012 8:37:54 AM

Friday, August 17, 2012 8:37:54 AM

Post# of 17741
PEC.V

Under the 2012 work program, the company will drill 19 shallow wells testing the Lias and two additional deep wells targeting the Presalt and possibly the Aljubarrota gas discovery. All 19 Lias wells are being undertaken as part of the JV with Sorgenia and RAG, for which they will carry Porto.

That's a lot of chances for some good news.

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