Pharos has a 25% working interest in the Ca Ngu Vang (CVN) field located in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. We were awarded Block 9-2 in 2000. The CNV field was first discovered in 2002 by the CNV-1X well and production began in July 2008. The oil and gas produced from CNV are transported by sub-sea pipeline to a nearby central processing platform operated by Vietsovpetro. Here they are separated; gas is transported via pipeline to an onshore gas facility, while oil is held in a storage vessel prior to sale.