Exile Resources holds a 10% equity stake in the Akepo oil field in Nigeria, which was successfully tested in early 2010. Flow testing indicated production rates of up to 1,789 barrels of oil per day from the field. Engineering estimates suggest the well can produce between 2,500 to 3,000 barrels per day, yielding approximately 200 to 240 barrels net to Exile daily. The Akepo field development is ongoing, with first oil expected by the end of Q2 2011. Exile also holds exploration licenses in Turkey and Zambia and is seeking opportunities in Nigeria's next oil licensing round to further expand its portfolio.