Waha Oil Company realized an oil and gas discovery by drilling and testing the Exploration Well O1- NC 98 at Sirte Basin of NC 98, drilled to the depth of 16,585 feet and the well is located approximately 60 km east of Gialo Area.

The initial production rate of oil and gas from Nubian formation is as follows:

Formation	Depth in feet	Choke size in inch	Oil average production (BOPD)	Gas average production (MMSCFPD)	API
Nubian	14,956-14,770	64/64	1,850	12.6	52
		48/64	1,320	10.7
		32/64	1,300	7.7