Maha Energy AB provided Operational Update for Brazil. The operations concerning the workover of the SES107D well on the Company's Tartaruga Field near Aracaju, Brazil will commence January 17, 2017. Schlumberger Servicos de Petroleo Ltda slick line equipment arrived on location on Sunday January 15, 2017 and Schlumberger will commence preparatory work to allow rig provider, Braserv Petroleo Ltda, to mobilize its 500 hp Drilling Rig 147 later in the week and access the Well. The objective of the Workover is to recomplete the Well, install a hydraulic jet pump and to return the Well to continuous production.  It is anticipated that the Rig will take 3 days to mobilize and rig up. The current estimate is workover operations will begin on Sunday January 22, 2017. The SES107D Well was originally drilled in 1994 and was the discovery well for the Tartaruga Field.  Oil was tested in the Penedo 6 sand and was immediately placed on production.  The Well free flowed oil for 14 months, after which a shallower oil bearing zone -the Penedo-1- was perforated and completed.  The Penedo-1 has been free flowing oil since 1996.  No pump has ever been run in the SES-107D Well. The use of a pump should provide lift for the oil like the currently producing 7TTG well at the Tartaruga Field, which has been on continuous pump production since December 2015. The SES107D Well was recompleted as a free flowing well in 1996 in the Penedo-1 reservoir  Attempts were made in 2013 to cut and recover the production string deep in the well as part of a recompletion of the Well to install a downhole pump.  Unfortunately, the cut was unsuccessful, and the pipe cutter became stuck at 3,014 m.; this and 2,300 m. of wireline was left in the in the production tubing which together with some partially cut 2-7/8" production tubing need to be recovered before the jet pump can be installed. A very detailed program has been developed to fish the stuck pipe cutter, the associated wireline and the partially cut 2-7/8" production tubing out of the hole.  Once recovered, a new hydraulic jet pump will be run in the hole.  The Operator has been preparing the well and surface facilities since December for the installation of the jet pump. As with any fishing operation, many contingencies have been planned for that can impact operations and the schedule.