Jubilee field production is currently in excess of 105,000 barrels of oil per day. Significant production growth has resulted from additional acid stimulation operations performed on some of the Phase 1 wells, as well as the startup of the Jubilee Phase 1A development plan. Two additional acid stimulation operations on Jubilee Phase 1 production wells have been recently performed, at a gross cost of approximately $8M per well. Final preparations to begin drilling at the Sipo-1 prospect, located on the Ndian River Block, onshore Cameroon, are underway. The drilling rig is currently being assembled on location, with plans to initiate drilling around the end of 2012 and results expected in the first quarter of 2013.