Solimar Energy Limited provides the following update on activities at its Paloma project in the San Joaquin Basin, California.

Solimar is participating in three concurrent activities at Paloma where it holds interests ranging from 15% to 25% in 2,847 gross acres.

These activities include:

• The ongoing production testing of the Antelope Shale unconventional reservoir in the Paloma Deep-1 discovery well. • The drilling of the follow up appraisal well Paloma Deep-2 which is drilling ahead at approximately 11,600 feet towards a proposed total depth of 13,300 feet. The well is expected to be completed for testing within 3-4 weeks time; and • The shallow (Total Depth 6,000 feet) Paloma-3 well which has been cased and is preparing to production test two potential hydrocarbon pay zones with results expected within the next 2 weeks.

Tags: Solimar Energy Limited