Delek Corp. to Begin Drilling in the Hardeman Basin

Havana Republic's subsidiary, Delek Corp., will begin drilling operations in the Hardeman Basin of western Texas.

This project is a joint venture with Oil for America and is the first of a multiple well program using Oil for America's alternative sourcing hydrocarbon indicator.

This process has already led to the exploitation of several reefs in the area. The location called Caldwell #1A will be drilled first.

Drilling contracts have been reviewed and on site operations should begin on April 1, 2004.