Should no further delays occur, the rig move will be able to commence next week with spudding of Overston-2 on approximately the 23rd of February.

The location of Overston-2 has been selected approximately one kilometre to the south of Overston-1 using the recently acquired 3D seismic data.

Overston-2 will appraise two principal zones of interest. These comprise the Showgrounds Sandstone and the Tinowon Sandstone both of which were gas charged in Overston-1. The Tinowon is proposed to be drilled with air/nitrogen.

After drilling Overston-1, SHG commissioned an Independent Expert Report on the potential of the Overston feature. This report calculated a mean gas in- place of 137 billion cubic feet.

Participants in the well are SHG (working interest 50%) and Samson 50% (operator).