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LP-3 well drilling updates

Lucent Oil & Gas is pleased to report that, well LP-3 on the East Munaibai structure was spudded on the 19th of June 2017, following an extensive rig-up and preparation of the ZJ70 rig by Drilling Contractor "VostokNeft and Services" LLP.  The 18 5/8” surface casing has been successfully run and cemented at 398m and drilling of the 17 ½” section will commence shortly. The well is currently expected to reach Total Depth in the Permian carbonates at 4750m in December 2017.

Date: 26.07.2017