Woollybutt Resumes Production

Following interruptions due to cyclones, production from the Woollybutt Field resumed on April 13, 2006.

Separate operations to repair the previously announced control line failure and restore production from Woollybutt-1 well were successfully concluded on April 15, 2006 and the field is currently producing from its three production wells.

Optimization of production from the three wells is continuing with current production at around 15,000 BOPD.

The Woollybutt Field is located in the WA-25-License in the Carnarvon Basin.

WA-25- L Joint Venture participants are Eni as operator with 65%; Tap with 15% and Mobil Australia Resource with 20%.