Production from Bambra-7H Expected in October

The Bambra-7H development well, located in TL/1 offshore Australia, is being drilled from the existing Harriet Joint Venture Harriet Bravo Platform. The bottom hole objective location lies approximately 4.9 kilometers northwest of the surface location. The projected total depth of the well is 6,675 meters measured depth.

The well is designed as a long-reach, dual lateral horizontal oil producer to develop the oil and gas reserves in the Bambra Field, discovered by Bambra-2 in 1983. First production is expected by late October 2005.

TL/1 Joint Venture Participants are Apache Northwest as operator with 68.5%; Tap Oil with 12.2229%; and Kufpec Australia with 19.2771%.