HRT’s wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The Wingat-1 well, which targets the Wingat Prospect inside Petroleum Exploration License 23, is located approximately 200km northwest of Walvis Bay at a water depth of 1,034m. The semisubmersible Transocean Marianas will drill the Wingat-1 well to a total depth of 4,100m.