genel confirms oil at jm-1, page-2

cont'd

In January 2014, the partners on the Juby Maritime licence spudded the JM-1 well, which is targeting the Cap Juby prospect. The well is currently at 3,100 metres, with 600 metres left to drill to the prognosed Middle Jurassic primary target. In the Upper Jurassic, the well has confirmed the presence of oil as originally tested in the 1968 MO-2 well, some 2km from the JM-1 well location.

page 11: http://www.genelenergy.com/media/41250/genel_2013_preliminary_statement_final.pdf