Real Energy Corporation Limited provide an update of the Venus 1 well, a CSG Walloon pilot well on Project Venus, (which will be 100% owed by Pure Hydrogen) in the Surat Basin. The stimulation of Venus 1, has been successfully completed. There was a material improvement in water influx post stimulation based on short term water influx tests before and after stimulation. The next stage is to set up the well for an initial 3 month duration flow test. The work to set up the well for flow testing is planned to start next week with the flow test scheduled to commence by the end of the month. The initial 3 month flow test is designed to carry out a controlled drawdown of the well to increase water influx rates, induce gas breakout followed by increasing gas flow rates. The results of this test will be used to design an extended pilot, future production wells and water handling requirements.