Red Emperor Resources NL
Announced an operational update with respect to the drilling of the Winx-1 exploration well, located on
the Western Blocks, North Slope of Alaska. The company announced that comprehensive wireline
logging program has been successfully completed at Winx-1, full petrophysical analysis and review
has commenced. Further, zones of interest in the Torok formation, secondary objectives, were
identified on wireline logs, which similarly exhibited low oil saturations and did not flow hydrocarbons
during the Modular Formation Dynamics Test (MDT) pressure testing and fluid sampling program.