Ann: BYE: SM74 D-14 well Progress Report, page-2

Current drilling rate is around 410 feet per day, with around 8300 to go until the casing point at the top of the first target zone. That run rate gives us around 20 days until the casing point (~16 June). As you get deeper you get slower, but the drilling speed is 'artificially' low due to two casing points already - so should largely even out, maybe plus a couple of days. With options expiring on the 24th we are still looking good to enter the first target prior to expiration. Fingers crossed - glad all is going well so far.