Carnarvon Energy Limited provided an update on the Buffalo-10 well. The 13 3/8" casing has been successfully cemented in place and the well head installed. The 12 ¼" hole was drilled down to a depth of approximately 2,707 metres Measured Depth ("MD"), and the rig is preparing operations in order to set and cement the 9 5/8" liner.

Forward Plan: Set and cement the 9 5/8" liner and drill ahead in 8 ½" hole to planned well total depth of approximately 3,500 metres MD. The Elang reservoir is anticipated to be encountered in the 8 ½" hole section. Wireline logs will be run over the Elang reservoir before determining if the well will be completed and suspended for potential future production.