Item 7.01. Regulation FD Disclosure.

On August 11, 2008, we issued our Form 10-Q for the quarter ending June 30, 2008 which provided a brief summary of the exploration activities within our exploration blocks for the three months ended June 30, 2008. Attached herewith is a press release dated August 14, 2008 which provides a more detailed summary of the exploration activities for the three months ended June 30, 2008.

The information disclosed in this Item 7.01 are being furnished solely to comply with Regulation FD and are not considered to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are not subject to the liabilities of that section unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Exchange Act. By filing this Current Report on Form 8-K and furnishing this information, we make no admission as to the materiality of any information in this Current Report on Form 8-K.