Bonasse licence in SW Peninsula (Cedros) acreage, TD 1,412m, HC's in 6 reservoir intvs (total 720m) in the target U, M + L Cruse horizons, tested oil from 3 intvs in the L + M Cruse (40 API in the Lower Cruse, 17-20 API in the Middle Cruse, high water cut, addit. zones testing planned). Columbus has signed* terms for a full carry of a Lower Cruse appr/devt well (Saffron-2) in 3Q '20. Individual devt plans are being considered for the M + L Cruse discoveries.   * with a third party drilling contractor
Saffron 1 nfw. (Beach Oilfield 100%) in Bonasse licence in SW Peninsula (Cedros) acreage, HC's in 6 reservoir intvs (total 720m) in the target U, M + L Cruse horizons, tested oil from 3 intvs in the L + M Cruse (40 API in the Lower Cruse, 17-20 API in the Middle Cruse, high water cut, addit. zones testing planned). TD=1412m