Fremont Petroleum Corporation Limited announced that completion operations on the Amerigo Vespucci # 1 well are underway and proceeding to plan. Fremont is again collaborating with Schlumberger on the Amerigo Vespucci #1 well and further completion enhancements of the technology used on the J.W. Powell well are planned. Using their proprietary technology, Schlumberger is deploying a new stimulation method, including applying radial jet drilling technology, into four benches of the Niobrara formation and one zone of the Codell formation. Following an extensive geologic, geophysical and engineering assessment, the Company is proceeding with a multi-stage fracture stimulation of both the Niobrara and Codell formations. The Niobrara formation totals 546 feet thick, and the A, B, C & D benches are well defined. The Codell formation is 72 feet thick. Multiple tunnels have been drilled into these zones which have been identified through the logging process as hydrocarbon-bearing zones. By applying this technology, Fremont is creating a stimulated horizontal bore within this vertical well of several thousand feet, without the high cost of drilling a horizontal well.