We have 1,216 square miles of 3-D data over our Southeast Texas project area which is focused primarily on the Frio, Yegua, Cook Mountain and Vicksburg formations. We expect to devote approximately $7.8 million and drill 5.0 wells (2.6 net) in this area in 2007. We have 25 leased exploratory drillsites, seven of which are dependent on the success of other wells. An additional six prospects have been seismically mapped on which we are currently pursuing acreage.

The East Texas area encompasses multiple objectives, including the Wilcox and Cotton Valley intervals. We are focused on the Camp Hill Field, a Wilcox steam flood project in Anderson County, and the Tortuga Grande Prospect, a Rodessa / Travis Peak / Cotton Valley opportunity. We have licenses for over 511 square miles of 3-D seismic data in the East Texas area and 4,817 net acres under lease.

We expect to invest $4.6 million to drill 27 (27 net) wells in this region in 2007.

We have acquired licenses for over 2,154 square miles of 3-D data and approximately 5,580 net acres of leasehold. We expect to devote approximately $11.2 million to drill 4 wells (2.75 net) in this area in 2007.

We have leased 14 exploratory drillsites, seven of which are dependent on the success of other wells. Carrizo is currently pursuing acreage on an additional 17 seismically defined prospects.