Origin Updates Progress of Fiddich 1 Offshore Australia

Origin Energy Limited, as Operator of offshore Perth Basin Exploration Permit WA-226-P, advises that the Fiddich-1 well is drilling ahead.

The well intersected the primary target at 1232.5 meters. Logging while drilling and the absence of significant hydrocarbon shows during drilling indicate that the primary objective is water bearing. The well will now be drilled to TD before a decision is made on whether wireline logs are run.

Apache Energy is managing the drilling of the Fiddich 1 well as agent on behalf of Origin Energy.

Participants in Fiddich 1 and WA-226-P are as follows:

Origin Energy Developments Pty Limited* 28.75000% (Operator)
Apache Northwest Pty Ltd 28.75000%
Dana Petroleum (E&P) Limited 12.81375%
Voyager (PB) Limited 10.00000%
Dana Petroleum (WA) LLC 7.186250%
Roc Oil (WA) Pty Limited 7.500000%
Wandoo Petroleum Pty Ltd 5.000000%