AWE Spuds Kopuwai-1

Taranaki Basin
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AWE Ltd started drilling the Kopuwai-1 well at 1300 hours on September 29, 2007. October 2, 2007 the Ocean Patriot drilling rig was preparing to drill ahead after cementing surface casing at a measured depth of 234 meters.

Kopuwai-1 is in New Zealand’s western Taranaki basin in PEP 38482, approximately 10 kilometers north of the Tui Area oil project in 125 meters of water. The well has a planned total depth of 4,060 meters.

AWE’s 50% interest is fully carried for the budgeted costs of the Kopuwai-1 well as a result of the recently reported farmouts.

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