We have identified 10 drillable prospects on the V Field farm-in block (200,000 acres) and the fulfillment of certain obligations will ensure our exclusive option to access these locations, and additional opportunities as they are developed, into the future on these lands. Silverstone has several 100% blocks in the Southern North Sea including the prospective 48/9b block on which it has identified four prospects.

Silverstone is planning to drill two Southern Gas Basin exploration wells in 2008, the first of which is known as the Vantage prospect on 49/17.