Rialto Updates Gazelle-P3 ST2 Well for 2nd Week of June

Rialto Energy Limited provides a weekly update on drilling operations at the Gazelle-P3 ST2 Well, Offshore Cote D’Ivoire as at 06:00hrs, 12 June 2012 (GMT). The Gazelle-P3 well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilling programme on permit CI-202. Since the last report the well has drilled ahead under directional control to 2784m MD (2516m TVDSS).

• RIL, BP & NIKO Discover Significant Gas Condensate in India 
• Petrobras Completes Drilling & Testing of Florim Well 
• WesternZagros Starts Garmian Drilling Program 
• Spudding of the 4th Well of Phase of Kharsang Field 
• Kosmos Announces Results from Sipo-1 Exploration Well 
• HRT Announces Results of Wingat Well 
• Marine-1 Drilling Rig to Start Operations in SP Phase 20 
• Tullow Oil Spuds Etuko-1 Well in Block 10BB 
• Pacific Provides Update on Oil Discovery in Bilby-1 
• Northern Petroleum Spuds GM-ES-4 Exploration Well 

• Rialto Energy Resumes Cote d'Ivoire Operations 
• Rialto Energy Completes Acquisition of C&L Natural Resources Limited 
• Rialto Encounters Oil and Gas in Gazelle-P3 ST2 Well 
• Rialto to Proceed with Testing of Gazelle-P3 ST2 Well 
• Exploration