Ansila Energy NL (ANA or the Company) announced an update with respect to the appraisal of the Siciny-2 well, following completion of the initial phase of operations. Key results from the Appraisal program so far are as follows: Confirmation of hydrocarbon gas in reservoir and free gas (methane) at surface, Successful fracture stimulation of the Carboniferous interval, Formation water inflow following well clean-up has prevented breakthrough of free gas flow, resulting in operational changes to the well test program, A long-term transient pressure build-up test will commence immediately, with pressure gauges being run into the well this week, A significant volume of data has been collected from the operations being a focus of the appraisal well and in conjunction with the results of the long-term pressure test, the data will be used to determine the next phase of activities and Operations to date have been carried out safely, on time and on budget. The process of cleaning up the Siciny-2 well, following the hydraulic fracture stimulation, commenced with the flow-back of frac fluid through well casing as previously announced on 17 December 2019. During this stage of the well cleanup operation gas detectors at the wellhead identified methane gas and methane was also vented from the frac fluid flow-back storage tanks confirming the presence of free gas at surface. The flow-back of frac fluid was then continued through production tubing following an initial displacement of the fluid column within the Siciny-2 well, post this initial phase coiled tubing was used to enhance recoveries. Movement of the coiled tubing within the well during these operations appears to have created a "swabbing effect" with pockets of gas being displaced to surface. Samples of this gas have been taken for laboratory analysis to determine the composition of the gas and the result of this analysis are estimated to be available on completion of operations at the Siciny-2 wellsite. Following the flow-back of frac fluid, the well commenced the production of formation water, preventing the breakthrough of free gas flow, and as a result a modification of the testing program will see a replacement of the planned isochronal test for a long-term transient pressure build-up test. It is intended for pressure gauges to be run into the well this week. The focus of the test is to collect data on the permeability of the system, pore pressure and reservoir formation water. This test is expected to conclude in February and will form part of a detailed operational analysis using all the data collected from Siciny-2. A significant volume of data has been collected from the operations being a focus of the appraisal well and in conjunction with the results of the long-term pressure test, the data will be used to determine the next phase of activities.