Resolute Resources Ltd. announced that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well. The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 took 17 days to drill and the final AFE will be within 15% of the previously estimated well costs. Reservoir production testing will commence with results available in approximately 6 weeks.

In addition, Resolute announced that it has received a well license for the RESOLUTERESLTD HZ ANTHONY 11-24-83-24 and pad construction has commenced. The RESOLUTERESLTD HZ ANTHONY 11-24-83-24 is designed to target the Gething Channel reservoir. The expected spud date is the first week of November 2023.