Forent Energy Ltd. has completed the drilling and logging of its 100% working interest onshore Nova Scotia exploration well (South Branch #1). The well was drilled ahead of schedule resulting in significant cost savings of approximately $300,000 relative to the original budget of $1,300,000.

The well was positioned on a geophysically determined basement high anomaly where a Gays River reef was anticipated to have been deposited. The well encountered a structurally high basement, however no Gays River reef was detected and no significant hydrocarbon accumulations were observed.

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