1. Contract executed with Major Drilling Group to drill and complete 3 production wells for the Pilot Well Program at the Gurvantes XXXV CSG Project in Mongolia
2. Drilling expected to commence in April, after completion of site works and import of long lead items which have been ordered and are in transit to Mongolia
3.Schlumbergerreservoirmodellingpredictingearlygasbreakthroughandrelatively high production rates when compared to CSG wells globally
4. Pilot Well Program primarily funded by Talon Energy pursuant to its farm-in agreement with TMK Energy
Ann: Drilling Rig Secured for Pilot Well Program, page-2
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