Block Z-46

Our 40 percent working interest in Block Z-46 includes more than 2.8 million gross acres (1.1 million net acres) in Trujillo Basin. The company has reprocessed more than 5,600 km of 2-D seismic and completed the acquisition of an additional 2,900 kilometers of 2-D seismic data to further delineate prospects in anticipation of a focused 3D acquisition. Reprocessed 2-D seismic data suggests a submarine fan deposition on the block, and multiple leads have been identified.