An 8.5” hole has been drilled to a depth of approximately 4,508 metres Measured Depth (MD) with the interpretation of wireline logs indicating no producible hydrocarbons across the Caley and Baxter sands. Based on the Dorado-1 and 2 reservoir results, the Company believes there is sufficient potential in the deeper Crespin and Milne intervals to drill to the planned TD of approximately 5,100 metres MD. Operations to run a 7” liner are currently underway, after which this final section will be drilled in 6” hole.
Ann: Trading Halt, page-322
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