Sasanof-1 Well Spudded

Global Oil & Gas Limited is pleased to announce that Western Gas (“WGC”) has provided an operational update on the drilling of the Sasanof-1 exploration well.

Highlights

• Drilling of Sasanof-1 exploration well has now commenced
• The well was spudded with the jetting of the 36” conductor at a water depth 1068.3m (below mean sea level “BMSL”)
• Drilling is now underway on the 17-1/2” intermediate hole section to a depth of 2030m (BMSL), 13-3/8” casing will then be run and cemented
• This will be followed by the drilling the 12-1/4” hole section through the target reservoir section to a total depth of 2500m (BMSL)
• The Company anticipates drilling through the target reservoir section will occur between 2 and 5 June 2022

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