Magnum Gas & Power Limited Provides an Update on the Drilling for the Tulainyo 2-7 Gas Appraisal Well in the Sacramento Basin in California

Gasfields Ltd, formerly Raven Energy Limited, is an energy company. The Company is focused on mineral exploration and evaluation. The Company is engaged in developing gas and solar power generation infrastructure, along with upstream gas exploration and production projects, in Botswana, Africa. It operates through two segments: mineral exploration and evaluation in Australia and mineral exploration and evaluation in Botswana. It is engaged in developing solar power generation projects to provide a clean energy solution for industry and communities in Botswana. It also has Gas Power Generation projects, Gas Supply Projects, Community Energy Projects, Coal Bed Methane Projects and Petroleum Projects in Botswana. The Magnum Coal Bed Methane (CBM) exploration portfolio consists of a range of Coal Bed Methane Prospecting Licenses focused on two separate project areas: Central and Northern CBM project areas, within the overall central Kalahari Karoo basin of Botswana, Africa.