PFM Projects Update:

• Operations:
  
• PFM is providing drilling fluid specialists to oversee deep wells in IRAQ.
• PFM has just completed the survey of two drilling rigs in Colombia SA. Holistic Project Management to start in January 2012.
• PFM has upcoming two rig project in Trinidad starting January 2012.
• PFM to start a one rig Performance Appraisal December 2011 in Argentina.
• PFM presently working on a optimization plan for an Omani operator.

• Training:
  
• In December PFM will provide training for a Bakken operators drilling engineers and drilling supervisors in their field office .