Atzam Project Update - Atzam #5 Initial Casing Set
Preparing To Drill Ahead
Atzam #5 oil well was successfully drilled down to 1,250ftover the past week
Intermediate 13 3/8 inch production casing set down to 1,246ft, cement job completed
Atzam #4 production increased to 170 bopd (18/64ths choke), flowing tubing pressure~220 psi
Atzam #5 well drill prognosis on track- preparing to drill ahead towards initial carbonate reservoir targets from ~1,700ft. Primary reservoir targets expected from 2,700ft to 4,100ft - C17, C18 and C19 carbonates
Atzam #5 well targetingthe same carbonate sections as the Atzam #4 production well - 2.3m barrels of 2P reserves excluding the Atzam #4primary C18 and C19 carbonate sections  Significant exploration potential on Atzam Oil Field - unexplored salt dome and anticline structures to be evaluated and tested 2014 post Atzam
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