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EXPLORATION PERMIT L44/43
NA SANUN-1RD DEVELOPMENT WELL
Na Sanun-1RD ("NS-1RD”) has been drilled to a total depth of 990 metres, penetrating the top 30
metres of the first of five potential volcanic reservoirs. Flow testing of this volcanic zone has so far
resulted in oil production of approximately 20 barrels of oil per day with a water cut of 76%. The
well has been cleaning up over the last three days and pressures, measured at surface, have been
increasing. The well will continue to be pumped and monitored for further decline in water cut and
improvement in oil flow. If oil production can not be improved significantly from the current zone,
NS-1RD will be deepened to evaluate the four additional volcanic zones, two of which resulted in
lost circulation (indicating potential reservoir zones) in the previously drilled NS-1 well, 16 meters
away.
NA SANUN EAST APPRAISAL DRILLING
The Na Sanun East (POE-9) multi-well appraisal/development drilling program is anticipated to
commence later this month.
SEISMIC ACQUISITION
An approximately 110 square kilometre 3D seismic survey covering the northern half of Na Sanun
East oil field and all of the Bo Rang structure has been ongoing for the past month with completion
expected in mid July.