Lost Soldier today has cased and cemented the Found Soldier #1 well

This well has indications of a new charged reservoir in the Shannon 1 formation, and 45 rotary sidewall cores were taken in the Shannon 2, 3 and 5 for further lab analysis.  The Shannon 1 brings an additional 100’ thick reservoir to the over pressured section of the Wild Mustang Unit that can be developed.  Of note is that all the previous gas formations from the Green Mountain #4 discovery well were found in the Found Soldier #1 which is located ~1700’ NW of the original discovery location.  This confirms our seismic interpretation that the reservoirs are laterally extensive, paving the way for our horizontal well development plans for 2025.  Both the Found Soldier #1 and the Green Mountain #4 wells are planned to be completed as gas producers and connected to sales in Q3 2025.

Lost Soldier Drilling Rig 88 and our experienced crews drilled this directional well in 60 days without any reportable safety incidents.  During this period, an external rig audit was performed which resulted in several recommendations that will be implemented for continuous improvement.  The rig scored higher than the industry average according to the auditor on location.