Gungurru-1 Plugged and Abandoned

Australian Worldwide Exploration reports that the Gungurru-1 well has been plugged and abandoned after drilling to a measured total depth of 1,235 meters. Gungurru-1 is located in permit WA-202-P in the offshore Carnarvon Basin, Western Australia.

AWE elected not participate in the Gungurru-1 well and accordingly did not contribute to the drilling costs. Participants in WA-202-P are Apache Northwest PTY Ltd ad operator with 50%; Wandoo petroleum with 40% and AWE Petroleum with 10%.