More Shows for Cote d’Ivoire’s Gazelle Well

Date: Wednesday, May 23, 2012

According to the latest report issued by Rialto Energy, the Gazell-P3 ST well on Block CI-202 offshore Cote d’Ivoire has encountered encouraging hydrocarbon shows in the Lower Cenomanian, these are in addition to the previously reported shows in the Upper Cenomanian.

The well has been drilled to a depth of 3,521 meters MDRT (2,855 meters TVDSS) and is currently logging the Upper Cenomanian and Lower Cenomanian (including the Condor Exploration Prospect) objective intervals. Fluid and pressure samples will be collected after these logs are completed.

This information is required to allow Rialto to properly evaluate the shows and a further update, which will include plans for any subsequent testing program will then be provided.

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