Magnum Gas & Power Limited provided an update on the drilling for the Tulainyo 2-7 gas appraisal well in the Sacramento Basin in California. The well has now been drilled to the planned total depth of 5,710 feet (1,737 meters). Multiple, potential sandstone gas reservoirs are indicated based on interpretation of drill cuttings, gas shows and wire line log data. The Gas Fields LLC (Gas Fields) joint venture considers that the sands penetrated are as good as expected pre drill. The current operations are running seven inch production casing, protecting the indicated gas zones for later testing. Once casing has been run, the well will be suspended and the Ensign Rig 587 demobilized from site.