Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company”) is pleased to report the JW Powell #23-25 well tested at an initial production rate (IP)of 220 barrels of oil equivalent per day (BOE) from the Niobrara Formation shale. The well recorded a peak gas flow rate of 2.1 MMcf/day but this was choked back to allow for oil production (See Figure 1).