progress report

Since the last report issued on 22 May the 12 1/4” hole section was directionally
drilled from 2,620 mRT to 2,793 mRT while building angle to approximately 35
degrees from vertical. Wireline logs were run and then the 9 5/8” casing was run to
2,788 mRT.
Planned Activities: Cement 9 5/8” casing. Test casing and BOPs then directionally drill the 8 1/2” hole
section to the top of the Abiod Formation at approximately 3,000 m RT. Run and
cement 7” liner and prepare to drill ahead.

I would say looking at probably next Wednesday before we are well into Aboid formation.