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	1/23/2012 - NEON FARMS-OUT STAKE IN BLOCKS 120, 105-110/04
Neon Energy has accepted a binding offer from a third party to farm-out a 25% stake in Block 120 and Block 105-110/04, offshore Vietnam. Neon will retain a 25% stake in each block. Under the agreed terms the farm-out will deliver an expanded work program in both blocks with no substantive cost to Neon, with the company retaining a material working interest. The agreement will be conditional upon the usual approvals required from Petrovietnam and the Vietnamese Government.

Other Briefs in this Issue

	1/23/2012 - SHELL BIDS $970MM FOR FOUR NOVA SCOTIA BLOCKS (Canada)

	1/23/2012 - WILLIAMS, DCP TO EXPAND DISCOVERY PIPELINE SYSTEM (GoM)

	1/23/2012 - DEEPOCEAN SECURES $60MM CONTRACT WITH PETROBRAS (Brazil)

	1/23/2012 - OGX STRIKES SHALLOW WATER PAY IN THE SANTOS BASIN (Brazil)

	1/23/2012 - SHOAL POINT ACQUIRES LICENSE EL1097R (Canada)

	1/23/2012 - BAHAMAS COMPLETES PEARL 3D PROCESSING (The Bahamas)

	1/23/2012 - KOSMOS REVEALS RESULTS OF NTOMME-2A APPRAISAL WELL (Ghana)

	1/23/2012 - TGS TO ACQUIRE DEEPWATER 3D SEISMIC OFFSHORE ANGOLA (Angola)

	1/23/2012 - ANADARKO DRILLS SUCCESSFUL APPRAISAL OF LAGOSTA, CAMARAO DISCOVERIES (Mozambiqu)

	1/23/2012 - 2D MULTI-CLIENT SURVEY COMMENCES IN NAMIBIA’S ORANGE BASIN (Namibia)

	1/23/2012 - POLARCUS SAMUR INKS LoI FOR WEST AFRICAN SURVEY (West Africa)

	1/23/2012 - NORWAY AWARDS 60 NEW LICENSES IN APA 2011 (Norway)

	1/23/2012 - NORWEGIAN AUTHORITIES GREENLIGHT PLAN FOR SKULD DEVELOPMENT (Norway)

	1/23/2012 - STATOIL SELECTS DEVELOPMENT SOLUTIONS FOR DAGNY, EIRIN FIELDS (Norway)

	1/23/2012 - LUNDIN-OPERATED 16/5-2 DECLARED A DRY HOLE (Norway)

	1/23/2012 - SHELL EXTENDS CONTRACT ON WEST NAVIGATOR (Norway)

	1/23/2012 - MAERSK GUARDIAN TO SPIN DRILLBIT FOR DET NORSKE (Norway)

	1/23/2012 - RWE DEA SPUDS SECOND WELL IN PL435 (Norway)

	1/23/2012 - LUNDIN SECURES PERMIT FOR WELL 16/2-11 (Norway)

	1/23/2012 - AGR INKS FRAME AGREEMENT FOR WELL MANAGEMENT WITH STATOIL (Norway)

	1/23/2012 - LUNDIN, PARTNERS SUBMIT PDO FOR LUNO FIELD (Norway)

	1/23/2012 - EAST FYNE APPRAISAL SPUDS IN UK NORTH SEA (United Kingdom)

	1/23/2012 - WILTON ENGINEERING TO FABRICATE BRITANNIA PLATFORM (United Kingdom)

	1/23/2012 - DNV DEVELOPS NEW DEEPWATER PIPELINE CONCEPT (London)

	1/23/2012 - DRAGON COMPLETES TESTING OF LAM 13/163 WELL (Caspian Sea)

	1/23/2012 - SUBSEA 7 GRABS $60MM CONTRACT WITH SANTOS (Australia)

	1/23/2012 - CHEVRON RECORDS 13th DISCOVERY IN AUSTRALIA SINCE 2009 (Australia)

	1/23/2012 - LUNDIN WRAPS-UP BERTAM-2 APPRAISAL WELL (Malaysia)

	1/23/2012 - TNK-BP BEGINS OPERATIONS ON LAN DO FIELD DEVELOPMENT (Vietnam)

	1/23/2012 - VERITAS VIKING II COMMENCES SURVEY FOR MEO AUSTRALIA (Australia)

	1/23/2012 - NEON FARMS-OUT STAKE IN BLOCKS 120, 105-110/04 (Vietnam)

	1/23/2012 - INPEX ACQUIRES INTERESTS IN BLOCK S, BLOCK R OFFSHORE MALAYSIA (Malaysia)