Ann: Hathi-1 Exploration Well Update 2, page-3

Here's my thoughts,

Read the following documents & what Senex did for each of the wells, August & Sept monthly reports & the Namur discovery of 12th Sept.

In none of the 3 P&A's did it say they ran wireline logs, in 2 they ran DST's.

Warthog-1 Well reached TD 1887M no oil & gas shows P&A

Sabre-1 Well reached TD 1900M then DST'd and P&A

Squire-1 Well reached TD 2500M then DST'd and P&A

Martlet-1 Well reached TD 2096M (9th Sept) encountered good shows in target reservoir, subsequent evaluation of logs indicate net pay of up to 6M (12th Sept).

In Martlet they appear to have done exactly the same as they are doing with Hathi-1.

My view on the above is that this is a very positive for Hathi-1

I'm going to check older Senex workings now.

GLTA

LOTM