Ann: Trading Halt, page-29

This is the Well's objective at the start:

"The Dorado-3 well has been designed to enhance the Joint Venture’s confidence in the subsurfacecharacteristics and confirm reservoir productivity. Dorado-3 is planned to conduct 2, and potentially up to 3,flow tests targeting the Caley, Baxter and Milne reservoirs, as well as acquire approximately 380 metres of fullbore core in the Caley, Baxter, Crespin and Milne Members. This will result in a significant amount of new datato further characterise the Dorado field."

This was the last progress report on 28 Aug:

"Increased resistivity observed from LWD tools indicated porous and permeable zones with indications ofhydrocarbons as anticipated in the Caley and Baxter Members. Wireline logging is required to obtain definitiveresults and this will commence once the final core section is extracted and the well has drilled to the totaldepth of approximately 4,575 metres Measured Depth (“MD”)."

That was 5 days ago.

In the last 5 days, they probably finished the coring of the Crespin and Milne sections. And probably got some preliminary readings from the LWD.

But given the market reaction towards the end of last week, a few things to consider:

1. did we encounter a compartment? or
2. was the net pay less than expected?

Any way, fingers crossed

And good luck to all holders.