Alamo Encounters Hydrocarbons in Adair County

Alamo provided an update on the H.V Taylor Lease located on 55 acres, Adair County, Kentucky.

The drilling phase of the five well program in Adair County was completed in June with the wells encountering hydrocarbons in the Granville, Murfreesboro and Knox formations. The wellbores were then videoed and subjected to high definition triple combo logging and sidewall core sampling.

In order to minimize time to production, surface facilities are being assembled and prepared while we await the results from the engineering report. Once we have received the results from the report we anticipate that work to complete the wells will commence.