The Company along with its joint venture partners, Sorgenia and Rag concluded a 23 well stratigraphic drilling program in the third calendar quarter of 2012 to jointly evaluate the unconventional resource potential of the Lower Jurassic ("Lias") stratigraphic interval. While the cores continue to show encouraging results, complete rock mechanics and geochemical analysis is ongoing. Complete results are expected in the first calendar quarter of 2013.

we are close to February so I anticipate some news over the coming months