Ann: Operations Update - Permian Basin, Texas, page-30

From the 1/10

There is plenty on the horizon.............


White Hat 20#5

"A pump jack is being installed and Winchester will update the market on production rates from White Hat 20#5 once they have stabilized."

Arledge 16#1

"The company now plans to re-enter the well, re-log the shallow sand unit, run new casing and test the shallow sand unit. Anticipated cost of this operation is US$60,000 with work commencing in the next 10 days"

Arledge 16#2

"Winchester will put the well on pump to establish stabilised flow rates from the test interval. A separator has been installed in order to measure associated gas production"

"Winchester will first fully evaluate the production characteristics of the zone currently being tested before assessing testing and completion works for the overlying highly prospective pay zones"

White Hat 20#4

"Preparations for the drilling of the next Mustang Oil Field development well, White Hat 20#4, are well advanced with spudding scheduled to occur in mid-October 2019"