Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company”) advises drilling operations on the JW Powell #23-25 well are proceeding to plan, safely and on budget.

 

Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company”) advises the Powell #23-25 well safely spudded on Sunday 16 December 5.00pm Colorado time (Monday 17 December 11.00am AEST).

Fremont Petroleum Corporation Ltd provides this update on operations at the 100%-owned 21,500 acre Pathfinder Field in Colorado.

 

This prospectus contains the following offers:

(a)For an issue of 257,142,861 Options, on the basis of one (1) new Option for every two (2) Shares subscribed for by Subscribers under the Placement (Placement Offer) to Eligible Applicants who participated in the Placement.

(b)For an issue of 50,000,000 Advisor Options to the Advisors as part of the consideration for assisting with the Placement Offer (Advisor Offer).

(c)For an issue of 13,571,429 Options to Directors under the Placement (Director Offer).

(d)For an issue of 357,143 Options to the Previous Placement Subscriber under the Previous Placement (Previous Placement Offer)

New issue announcement, application for quotation of additional securities and agreement