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Re: Serfcorp post# 9801

Wednesday, 12/14/2011 12:08:43 PM

Wednesday, December 14, 2011 12:08:43 PM

Post# of 21090
The Sabu-1 exploration well has drilled to its current depth of 1,440 meters, which HDY discussed in its operational update on November 9th. Since that update, the 20-inch casing has been set, and there have been several mechanical and operational issues that have curtailed drilling activities. Co believes the issues are being resolved and it expects resumption of drilling activities in ~10 days.

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