just commenced testing

Jumonville #1 Bullseye Prospect, Iberville Parish, Louisiana, Operator 43.33% WI


The Company advises that the Jumonville #1 well operations have commenced testing operations. The initial
testing program began with the perforation of the bottom 5 feet of the primary targeted interval to determine
water saturations and the anticipated oil-water contact. These initial results confirmed that the Miogyp
reservoir has a water drive with brackish water at the base. This should result in increased recovery
efficiency during production.
The testing process will now move up into the interpreted hydrocarbon interval in the upper portion of the
reservoir and run an extended testing sequence. The Company is expecting to test a 10 foot interval near the
formation top where several hundred barrels of oil circulated to surface when originally penetrated. This next
testing phase should begin within the next 48 hours.