IOG plc provided an update on the Blythe well 48/23a-H1, the second Phase 1 development well. The well was drilled by the Noble Hans Deul jack-up rig to a Total Depth of 10,750ft Measured Depth (MD), intersecting 1,238 ft of good quality Permian Leman Sandstone reservoir along hole between 9403 ft MD and 10,641 ft MD, with a net:gross ratio of 95%, porosity at 10.6% and average log-derived permeability of 5.0 milliDarcies (mD). Based on this initial data, the Blythe gas in place and recoverable volumes are estimated to be in line with pre-drill expectations. Drilling performance saw a notable improvement over Elgood close collaboration between the Company's drilling, subsurface and HSE teams with the key drilling contractors Noble Corporation, Schlumberger and the Well Operator, Petrofac. Over recent days the well was successfully cleaned up and flow tested to a maximum gas rate of 45.5 mmscf/d through an 80/64th inch choke. One operational challenge experienced during drilling was the loss of drilling mud due to natural fracturing in the reservoir. This necessitated the use of Lost Circulation Materials (LCM) down-hole which may have constrained the clean-up flow rate with drilling mud being recovered to surface during clean-up. Due to drilling fluid and LCM being recovered during clean-up, further analysis is required to determine the amount of condensate produced. The Blythe field is planned to be produced through the Blythe normally unmanned platform, via the 12" pipeline laid earlier this year, which connects to the main 24" Saturn Banks pipeline to Bacton. The Company continues to expect First Gas from both the Blythe and Elgood fields in Fourth Quarter 2021 once the final subsea and onshore installations are complete. The Noble Hans Deul rig is expected to mobilise shortly across to Southwark, the third of the Phase 1 fields, where it will spud the next production well through the Southwark platform. Based on early indications from the Elgood and Blythe clean-up well tests, the Company expects that initial production rates from the Blythe Hub upon start-up will be within its planning case range. Specific production guidance is expected to be available once onstream. In light of exceptionally high forward gas prices, management expect that the Company's cash flows over 2021-22 could substantially exceed its planning base case.