Well TD was reached at a Measured Depth (MD) of 2,336 m.  Electric logging reveals 11 m. “net pay” in the Agua Grande (AG) formation, 3.1 m net pay in a new potentially productive zone
at the base of the Itaparica formation and 1.6 m net pay in the Sergi (SG) formation. 

Jonas Lindvall, CEO of Maha Energy commented: “Structurally, the Tie-3 well came in exactly how we planned