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OPERATIONS STARTING IN NORTHERN SPAIN
July 2011 – Drilling to commence in late July on the Sondeo Duero 1 well for ENDESA GENERACION

NEWPARK ACQUIRES RHEOCHEM
May 2011 - Newpark positions itself in the Asia Pacific Market with acquisition of RHEOCHEM

OPERATIONS IN KURDISTAN WITH OMV
Jan 2011 – Drilling commences on OMV’s BINA BAWI #3 well in Kurdistan

AVA EASTERN EUROPE – SLOVENIA
October 2010 – AVA secures contract in Slovenia with ASCENT Resources.

AVA EGYPT – OPERATIONS UNDERWAY IN EGYPT
September 2010 – AVA spuds well with INA NAFTAPLIN

AVA EASTERN EUROPE - BULGARIA
August 2010 – AVA spuds the first of a two well project with JKX BULKAN

CONTRACT AWARDED TO AVA S.p.A.
May 2010 - Ava S.p.A to spud deep well with TOTAL in early June, Southern Italy.

SOLIDS CONTROL & WASTE MANAGEMENT CONTRACT AWARDED TO AVA ALGERIA
April 2010 - Ava Algeria awarded contract for Solids Control & Waste Management with GROUPEMENT BIR SEBA (Sonatrach, PetroVietnam and PTT consortium)

CONTRACT AWARDED TO AVA ALGERIA
March 2010 - Ava Algeria awarded contract with GAZPROM for Berkine Basin El Assel Project.

AVA EGYPT AWARDED SECOND WELL WITH INA - NAFTAPLIN
June 2009 - Ava Egypt was awarded a second well with INA

SECOND TRIAL WELL COMPLETED WITH PETROBEL
February 2008 - Ava Egypt completed its second trial well with Petrobel on February 20th, 2008

SECOND TRIAL WELL UNDERWAY
November 2007 - Ava Egypt began operations on its second well with Petrobel

CONTRACT AWARDED TO AVA LIBYA
September 2007 - Ava Libya awarded a deepwater contract in Libya with HESS

OPERATIONS UNDERWAY IN EGYPT
June 2007 - The first trial well with Petrobel spudded near Abu Rhudeis, Egypt

EMPLOYMENT OPPORTUNITIES
June 2007 - Available positions in several of our operating regions

AVA S.P.A. AWARDED TENDER
June 2007 - Awarded tender with Stogit S.p.A.

AVA AWARDED ENIMED CONTRACT
May 2007 - 2 year contract awarded for drilling program in Sicily

AVA PANNONIA - HUNGARY
April 2007 - Ava Registers in Hungary

AVA EASTERN EUROPE LABORATORY
March 2007 - New Laboratory Complete

AVA ALGERIA AWARDED TENDER
June 2006 - Tender awarded for a series of wells in Algeria

AVA HOSTS CUSTOMER MUD SCHOOL FOR REPSOL ENGINEERS
May 2006 - Repsol drilling engineers from Algeria attended a 1-week drilling fluids school in Rome

ANOTHER SUCCESSFUL FLEXDRILL WELL IN ITALY
May 2006 - The Ava Flexdrill System performs as expected in Central Italy

FLEXDRILL UTILIZED IN PO VALLEY REGION OF ITALY
May 2006 - Ava Flexdrill System utilized in Po Valley provides needed inhibition

DESERT OPERATIONS UNDERWAY IN LIBYA
May 2006 - Ava Libya begins onshore operations with RWE-DEA

AVA COMPLETES SECOND WELL NEAR LANDAU, GERMANY
April 2006 - The second of two geothermal wells completed in Landau, Germany

CONTINUED SUCCESS WITH AVAPOLYOIL OFFSHORE LIBYA
May 2006 - Ava has completed the second successful well utilizing the Avapolyoil / DeepDrill system while drilling through a historically troublesome shale formation offshore Libya

SUCCESSFUL FLEXDRILL WELL - OFFSHORE TUNISIA
May 2006 - The first Flexdrill well in Tunisia contributes to a 25% reduction in the drilling curve

OPERATOR CHOOSES FLEXDRILL SYSTEM OFFSHORE ITALY
March 2006 - Looking for a high performance drilling fluid that is environmentally safe, operator chooses Flexdrill System

NEW AVAPOLYOIL SYSTEM
First successful Avapolyoil / DeepDrill well recently completed in Northern Italy.

WELL TD’S IN SOUTHERN SPAIN
September 2005 - Ava provides drilling fluids and services for a well drilled in Southern Spain

AVA EXTRA-DRILL
Ava introduces the latest addition to their line of environmentally safe shale inhibitors.

ISO 14001:2004 Certification
Ava achieves ISO 14001:2004 certification by CERMET

AVA ALGERIA COMPLETES EXPANSION
New liquid mud plant and storage facility completed at Ava’s Hassi Messaoud Base