Ann: JW Powell 23-25 Well - Operations Update, page-2

Bah humbug downrampers..
" Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company” advises the Powell #23-25
well safely spudded on Sunday 16 December 5.00pm Colorado time (Monday 17 December 11.00am AEST).
The JW Powell #23-25 well is a vertical well targeting production from a multi-stage fracture stimulation in
the B and C Benches of the Niobrara Formation (See Figure 2).
The conductor section of the well was successfully drilled to 100 feet, cased and cemented. The rig is now
drilling the surface section of the well down to approximately 1,000 feet. (See Figure 1).
Drilling will occur throughout the Christmas and New Year period with the well targeting a total depth of
~6,000 feet. Completion operations will commence immediately following drilling. As advised, the Company
has secured the services of a leading, globally recognised oilfield services company to fracture stimulate and
complete this well. The JW Powell well is expected to be drilled and completed before the end of January