Hempstract Inc (HPST)

[JTB1051]

October 15, 2012 9:00 am
Shut-in tubing pressure at 100 psi...took 15 minutes to blow down gas column...added 20 barrels load water to fill tubing...circulated out frac sand to 5362' providing a rathole of 90 feet. Will pull up 6 stands (approx. 400'), wait 30 minutes and go back to bottom to check for any fill, then pull out of hole and go back in with packer and tubing, set packer and rig up to swab well in.

We are very encouraged that the reservoir overcame the hydrostatic weight of fluid in the tubing and casing, and building a surface pressure of 100 psi. We don't expect that it should take much swabbing for the well to begin flowing.

We'll update again today once we have more information from the swabbing.