Woodside Updates Chinguetti-4-2 Progress

Woodside reports that the Chinguetti-4-2 step-out exploration well is currently preparing to carry out a production test over the primary objective. Wireline logging has been completed at a total depth of 2,655 meters. As part of this wireline logging program, samples of oil were recovered from the primary objective interval, and gas from a shallower 3m gas sand.

Participants in the Area B PSC are as follows: Woodside Mauritania Pty Ltd as operator with 35.0%; AGIP Mauritania BV with 35.0%; Hardman Resources Ltd with 21.6%; Fusion Oil and Gas NL with 6.0% and Roc Oil (Mauritania) Company with the remaining 2.4%.

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Brent Crude Oil : $49.7/BBL 1.76%
Light Crude Oil : $47.12/BBL 1.55%
Natural Gas : $3.07/MMBtu 0.58%
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