Woodside Abandons Knott-1 Well

Woodside reports that wireline logging was completed on the Knott-1 exploration well. Preliminary log analysis indicates that the target Macedon sands are water wet.

The well was plugged and abandoned, and the rig was released on 10 July 2004 to the Indian-1 well in WA-271-P.

The Atwood Eagle semisub drilled the well. The well location is approximately 5 kilometers east of Skiddaw-1 and 8 kilometers east of Stybarrow-1. Water depth at the location was approximately 685 meters.

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