Operations Update

DRILLING The UMU 16 well has been successfully drilled and completed. The UMU 16 well is the first well to be drilled on the western location of the field. The well has since been put in production with a combined production of about 6000 barrels of oil per day (“BOPD”) from the long and short strings on Choke 28/64”. Future drilling activities in UMU west will make use of the other drilling slots in the UMU west location to appraise some of the identified sands during the UMU 16 drilling.   The second water disposal well has been successfully...

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