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OilerHTX

05/15/19 3:52 PM

#2214 RE: firenice #2213

SEPT. 2018, Offshore Mag. https://www.offshore-mag.com/articles/2018/09/gulfslope-spuds-subsalt-tau-well-in-the-gulf-of-mexico.html We built upon the intensive subsalt drilling efforts in deepwater, leading to a better understanding of the depositional models and now we are bringing advancements in drilling and completion technology that were pioneered in deepwater subsalt exploration back to the shelf. The Tau prospect has a gross unrisked resource potential of over 300 MMboe. Not only is this an important well that could create tremendous value for our shareholders, but its results could lead to renewed exploration and development on the shelf.”