Lillie John-2 Appraisal Well Drilling.

Spyker Energy, in which Comtrack has a minority shareholding, has noted that the Operator of its sole asset, Block 12/06 in Danish North Sea, Dana Petroleum, has announced that they have successfully completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil field.

The Lille John-2 (LJ-2) appraisal well and side-track confirmed the presence of sweet, light oil in the Late Miocene sandstone reservoir. The thickness and quality of the sandstone reservoir encountered in LJ-2 was found, as expected, to be improved relative to the LJ-1 discovery well drilled in 2011. The entire reservoir package was cored, a comprehensive log suite gathered followed by a drill stem test over the entire interval. The production test showed a maximum flow rate of 1,400 bbls/day, with no sand production. The oil quality was similar to that found in the LJ-1, being 34°-35° API with no H2S.

Detailed evaluation of the acquired data will now be performed to confirm the exact thickness of the oil pay in order to assess the recoverable volumes in the Lille John accumulation and to determine commerciality.

The Danish Exploration Licence 12/06 also contains the Broder Tuck gas/condensate discovery. The Operator is preparing a Plan of Development for this field.