Artumas Group Inc. ("Artumas") management will, on a quarterly basis in 2008, provide the market with Operations Updates. The attached document provides an overview of activities over the later months of 2007, and of those which are currently being undertaken.
Overview
Artumas Group has concession rights and interests in over 25,000 sq km on the Rovuma Delta Basin in East Africa. The Mnazi Bay exploration and production concession covers a 756 sq km area in south eastern Tanzania. Contiguous to this is Artumas' 49.3% participating interest in the Onshore Block in north eastern Mozambique comprised of a 15,000 sq km exploration and production concession with an 8.5% working interest in the 10,000 sq km Offshore Area One Block, operated by Anadarko Petroleum Corporation ("Anadarko").
Please see attached document for the full Operations Update.
