DNO: Positive Well Results at Godah #7

The Godah #7 development well was drilled to a total measured depth of 2,386 meters (approximately 200 meters into Basement) and subsequently plugged back and completed as a producing Qishn S1A oil well. Godah #7 was drilled at a location approximately 770 meters east of the Godah #6. Godah #7 is currently producing 438 barrels of oil per day and 7 barrels per day of water from a 4-meter interval in the Qishn S1A sand. The production rate is pump constrained. Installation of a higher capacity down-hole electrical submersible pump (ESP), which could double the production, will be considered once the production has stabilized.

The drilling rig has moved to Nuzooh #1 (formerly Tasour SW #1) to drill an exploration well targeting Qishn and Madbi/Naifa prospects south and west of the main Tasour field. Nuzooh #1 is located approximately 2.3 kilometers west of Tasour #23ST which recovered 200 barrels of light oil from the Naifa. Planned testing of the Tasour #23ST Naifa discovery has been deferred pending the results of Nuzooh #1. The Nuzooh well is expected to take 40 days to drill.