Ann: Mukuyu-1 Sidetrack Wireline Results Indicate Multiple Zones, page-12

Not unexpected tbh. The trolls will be out today and the Lambo dreamers can panic sell but who cares?

“The preliminary wireline results from the Mukuyu-1 ST1 well have provided us with further
encouragement and indicates multiple potential gas bearing zones, which are relatively
consistent with the original Mukuyu-1 well results.

“Results to date have been highly encouraging, with multiple data points highlighting the likely
existence of hydrocarbons within the Cabora Bassa basin.

“The delays in concluding the evaluation programme are frustrating, however, the borehole
conditions remain favourable for a successful logging programme.

“With the wireline cable stuck above the wireline tools, we are optimistic fishing operations will
be successful and allow us to continue the sampling programme with the aim of obtaining a fluid
sample to enable a formal discovery to be made.

“Tool failures and unforeseen delays are an unfortunate but common occurrence in frontier oil
and gas exploration.

“We will provide further updates once the fishing operation is concluded.”hh