Aurado to Re-enter Well on East Tegen Field

Aurado Energy says that following its evaluation of the well results on its East Tegen field in the Liman Block in western Kazakhstan, it is preparing to re-enter the East Tegen-2 well to perforate a second zone at a depth of approximately 410 meters. The upper zone, which has been producing test oil in the first two wells, is at approximately 370 meters. The Company's third well in the Liman Block, designated East Tegen-5, tested minor volumes of oil and gas but mainly water, indicating that this well penetrated the oil water contact in the upper zone. After testing the lower zone, the East Tegen-2 well will be put on pump production from the upper zone and, contingent upon test results, the lower zone.

In parallel, operations will commence on the fourth well on the East Tegen Field, designated East Tegen-3, located due west of East Tegen-2, which is expected to encounter oil in the same zones. Further drilling locations have been identified at shallower levels (Albian Sand) in a separate fault block in the eastern flank of the East Tegen Field. The work program will commence in early March contingent upon weather conditions, and will utilize the proceeds of the recently completed $15.2 million in equity financings. Aurado now has a total of 512,372,783 shares outstanding.

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