Ann: FMDP Drilling Update, page-2

That was quick.

Fleury should be spud by early next week , which means if they can keep this pace up, we may see Rocket spud around the time of the AGM.

On time, on budget, safely drilled, fractures and” brittle nature of the formation” are all the words you want to see.

Some of the historic vertical wells in the DSU location have produced cumulative oil and gas volumes that are not much less than the Maroons well EUR. This means those vertical wells must have landed in/ proximal to a natural fracture zone in the formation. Seems Maroons has encountered a few such systems along its horizontal section… a very positive sign for the possible productive capacity of the well in terms of flow rates and reserve.

So far, so good