DRILLING

No current drilling operation. Plans are still ongoing to carry-out rig-less interventions on some of the well strings.

PRODUCTION ACTIVITIES

Plans are ongoing to ramp up production as the new 80,000 barrels Tank Farm is nearing completion. The Tank Farm will help SunTrust Oil and its Partners to sustain injection rate during/after production/injection outages. Various facility upgrade and debottlenecking activities are currently ongoing.

CRUDE EXPORT

Injection through the Nigerian Agip Oil Company Limited (“NAOC”) and the Umugini Asset Company Limited (“UACL”) export pipeline suffered several downtimes due to Vandals’ attack on the export pipelines resulting in shut-ins of the production wells.

SunTrust Oil sustained its crude shipping activities during the period under review.

COMMUNITY AFFAIRS

We continued to ensure a peaceful working environment through strategic engagement with the various host communities and undertaking of various key developmental projects.