sugarloaf agm drilling update

SUGARLOAF– TEXAS USA
Drilling update
• Spudded August 06
• 92 feet (28m) potential gas pay
intersected in shallow secondary
target
• Wire-line logs over 14,480’ to 17,000’
indicates several additional thin zones
of potential gas pay
• Casing run to 17,000’
• Well Depth at 20,685ft in target
formation
Forward plan
§ TD ( ~ 21,000 ft) expected shortly
§ Several gas shows in target formation
to be reviewed by wireline logs post
drilling
§ Flow test