Ann: Borba 1-7 Natural Gas Well Update, page-2

Final boarding call has just been made;

- construction of all weather drilling pad to commence and expected to take 10 days
- drilling expected to commence 2020 once final preparation for drilling is completed and additional leasing is documented
- high capacity drilling rig has been selected and is ready to go
- significant interest from potential partners to participate and fund Borba
- several potential farm in offers and other proposals are currently being assessed
- Borba prospective interval is nearly 2kms long
- the basement is found to be fractured and gas productive
- Borba will be drilled with the largest capacity rig in the area with a 10,000 psi stack and 3 strings of protective pipe
- independent resource assessment is being finalised once final working interests are settled