Murphy Continues Success at Front Runner

Murphy Oil Corporation has successfully completed its Front Runner South delineation well, located in Green Canyon Block 338. The exploratory well, which was drilled to test the far western extent of the discovery at Front Runner South, encountered 300-350 feet true vertical thickness of pay, pending further testing. The well was drilled in a water depth of approximately 3,500 feet and reached a total depth 21,714 feet.

Claiborne P. Deming, Murphy's President and Chief Executive Officer, commented, "While results are preliminary, we are obviously encouraged by the thickness of the pay intervals seen in this well. The Front Runner South discovery, already a strong complement to our discovery on the north side of the structure at Front Runner, keeps getting better and better." Murphy owns a 37.5% working interest in Green Canyon Block 338 and serves as operator; partners are Dominion with 37.5%, and Spinnaker with the remaining 25%.