Eon NRG Limited

After reaching total depth of our first Powder River Basin (Wyoming) well at the end of November, we are looking forward to getting equipment on site to carry out completion and flow tests. Oil will be produced from the Dakota Formation which has around 14 feet of net pay (top at 6,322 feet - 1,927 meters). This is a conventional well which is expected to have a shallow decline as a result of the associated water drive. An update on progress will be provided to the market soon.