Minor Rig Repairs Carried Out at Liyun-1 Well

Minor repairs are being performed on the Liyun-1 well after it reached a measured depth of 1,611 feet (491 meters). The well has a planned total depth of about 8,432 feet (2,570 meters). Located in a water depth of 180 feet (55 meters), the well is situated in the Bulu Production Sharing Contract in the East Java Basin, offshore Indonesia. Pearl Oil is the operator of the Bulu Production Sharing Contract, holding a 42.5% interest; AWE holds a 42.5% interest; PT Satria Energindo holds a 10% interest; and PT Satria Wijaya Kusuma holds the remaining 5% interest.

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