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Message: Permits

Mr. xxxxxx, environmental permits have been received; the Company continues to await approval of construction permits. Permitting has not been a limiting factor to this point. The Company indicated in the December 21st press release the rig would mobilize to Albania in the first quarter and this remains management’s expectation. That said, it is still completing its assignment in Germany for another company. Once the rig mobilizes the Company will be in a position to provide an update with respect to next steps and timing.

Best regards, Nick

Good day Mr.Hurst:

In a previous email I had inquired as to whether the building and evironmental permits had been granted fot Jubani but did not receive a definitive answer

Can you provide an update specific to these permits and can you foresee any delays considering the company has stated that they expect to spud by

March 31.

Thank-you, xxxxxx

Retail share holder

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