Harriet JV Spuds Zephyrus-1 Exploration Well

The Zephyrus-1 well, located approximately 2.5 kilometers southeast of the Agincourt platform, has been spud. The well is drilling ahead and has reached 62 meters measured depth and will drill ahead to a planned total depth of 4,002 meters measured depth.

The Zephyrus-1 exploration well is being drilled from the existing Agincourt Platform as a deviated well. It is designed to test a four-way dip closed depositional mound. The well is expected to take approximately 15 days to reach total depth. Should it be successful it will be brought onto production immediately via the existing platform into the Varanus Island Production hub.

TL 1,5,6,8,9 Joint Venture participants are Apache Northwest as operator with 68.5%; Kufpec Australia with 19.2771% and Tap (Harriet Pty Ltd with the remaining 12.2229%.

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