Spinnaker and its partners drilled an oil discovery at SS 72. The SS 72 #31 well was drilled from PetroQuest's SS 72 production platform to total measured depth of 11,210 feet, encountering two high quality productive intervals. The well was cased and the drilling rig was released. A completion rig will be mobilized in the next few weeks to complete the well. Other prospective fault blocks exist on the block and are being evaluated for drilling. First production from the discovery well is expected in the fourth quarter of 2004.