Drill rig arrives at the Sasanof-1 well location

Investment Memo: PRM/GLV 2022

Objective #1: Drilling of the Sasanof-1 well in May 2022

Yesterday morning our gas exploration Investments Prominence Energy (ASX: PRM) and Global Oil and Gas (ASX: GLV) confirmed that the Valaris MS-1 drill rig has now arrived at the Sasanof-1 well location.

At the same time PRM and GLV both confirmed that the primary anchors were being deployed with a total of 12 anchors to be set up before drilling can start.

Drilling of the Sasanof-1 well is expected to commence at some point this week.