Atzam #4 Logging Results Confirm Significant Production Potential
? Atzam #4 well was drilled to a total depth (TD) of 4,050ft, running approximately 270ft high to the offset Atzam #2 well at the top of the producing C18 zone and 240 feet high at the producing C19 zone
? Electric logging results confirm significant potential pay zones, with a possible 218ft of net pay identified in primary zones with a potential for an additional 40+ feet of pay in secondary, thinner zones (see table of results)
? Logs confirm a 46ft section C 13 A carbonate with estimate of 53% moveable oil
? A 13 foot section in the C13B carbonate calculates 73% oil saturation of moveable oil
? Primary zones indicate oil saturations ranging from 34% to 90%
? Flow testing to commence in 2-3 weeks - successful production testing to potentially upgrade independent resource and reserves estimates
