Irvine Energy Plc Stock

Irvine Energy plc (Irvine) is engaged in the evaluation and development of on-shore oil and gas projects in North America. As of December 31, 2008, the Company held extensive and prospective acreage in both Oklahoma and Kansas. For the year ended 31 December 2008, Irvine produced an average net rate of 294 thousand cubic feet per day. There was an average producing well count of 22 during 2008. In Kansas, five wells were drilled targeting shallow oil sands on structural highs identified by the seismic data. The Niobrara field was brought into production in April 2008. Initially, 18 wells were brought into production resulting in a total of only 75 to 100 thousand cubic feet per day and large water volumes.