Ann: 2024 AGM Chairman Address and Company Presentation, page-318

I don't think we have confirmation yet that the service rig is in place. They will first need to pull the completion from A2 (the 7" casing that was cemented in place in July 2023), add and re-perforate before performing a solvent-acid pre-wash. A 15% HCL acid squeeze/soak will be performed over both 1B Upper and Lower units (circa 500m), before re-completion and clean-up. I think we are a long way off flow testing. At the moment I am guessing that there are delays dockside (caused by hurricane-related power outages) for either the acids or the new casing, and this has delayed all work at the pad. But that's a pure guess. We should know more by the end of this week.

I am not sure of the timeline either, so hopefully AP will enlighten us on that. Perhaps someone familiar with this process can enlighten us.

Kit