ZPL Energy continues to seek oil exploration opportunities in the Middle East region and has over the past 27 months been directly involved in discussions for that purpose with key decision makers. The company has set aside funding capable of full field developments if successful in an award. The company is also considering expansion thru acquisition if an attractive asset becomes available.

West Africa operations are ongoing, and will expand later in the 3rd quarter of 2011. Revenues will be re-invested in the region and shall also provide financial support to the Middle East expansion along with our proposed investor funding.

In addition the company’s owner invest in other operations, which include drilling, completion product design and manufacturing of down-hole tools. This investment provides products to the E & P Company during completion operations.

Our service company operations have ventured into the provision of OCTG with proposed storage and stocking yards in key areas within the Middle East region in order to support ZPL’s E & P operations and provide a ready source of products for other operators.