Ann: Early Oil and Gas Flows on Amerigo Vespucci No 1 Well, page-2

Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company” is pleased to advise that
flow-back operations are proceeding to plan on the Amerigo Vespucci #1 well and first hydrocarbon shows
have been evidenced over the weekend.
As previously advised, the well was placed on an artificial lift system to recover the balance of the fluids that
were used to stimulate the Amerigo Vespucci # 1 well during a 5 stage stimulation of the Niobrara formation.
At the time of this report, approximately 13% of the fluids that were used in the stimulation process have
now been recovered. Typically, post stimulation, 30% of the stimulation fluids will be recovered before a
well will enter its production phase. At this point an initial production rate can be established.
The Company is monitoring the flow back-process around the clock and will continue to report material
updates to the market as they occur.