Appraisal Drilling On Buzzard Ready to Begin

Edinburgh Oil & Gas plc announces that appraisal drilling on the Buzzard oil field will commence with the spudding of well 19/10-A on November 28, 2001 using the Stena Dee drilling rig. Well 20/6-D is expected to spud two days later on the November 30, 2001 using the Borgny Dolphin drilling rig.

The wells are expected to take between 40 and 60 days depending on drilling progress and decisions on sidetracking, testing and abandonment.

PanCanadian holds a 45.01 percent interest in the license. Other participants in the license are Intrepid Energy North Sea Ltd. (30.00 percent); BG Group (19.99 percent); and Edinburgh Oil & Gas PLC (5.00 percent).