Woodside Says Preliminary Results Look Good at Eskdale-2

Woodside Petroleum reports that the Eskdale-2 exploration well located in the Exmouth Sub-basin has drilled to 2942 meters, the well's Total Depth with coring operations continuing.

Preliminary interpretation of wireline log data indicates a 24m gas column and 13m oil column in the well with no oil-water contact encountered. Analysis of data is continuing, to determine whether the discovery is commercial or not.

Atwood Oceanics' semisub, Atwood Eagle, is drilling the well. The well location is approximately 2.3 kilometers southwest of Eskdale-1. Water depth at the location is approximately 824 meters.

All reported depths (except water depth) are referenced to the rig rotary table.

Equal joint venture participants in WA-255-P are BHP Billiton Petroleum (Australia) Pty. Ltd. and Woodside Energy Ltd.