Noble Energy Makes Deepwater Gulf of Mexico Discovery

Noble Energy reports preliminary drilling results for the Raton prospect (Mississippi Canyon Block 248 #1) in the Gulf of Mexico. While it is premature to estimate resources, the well encountered 90 feet of hydrocarbon pay over three zones. Raton has been temporarily abandoned pending further delineation drilling, currently scheduled for the fourth quarter this year.

The Raton well was spud on April 15, 2006 by the Ocean Quest and is located in approximately 3,400 feet of water. The well drilled to a total measured depth of 20,106 feet.

"The results of the initial well at Raton are encouraging, particularly in light of the proximity of the well to our Redrock discovery," said Dave Stover, Noble's Senior Vice President for North America. "The Raton delineation, planned for the fourth quarter, along with expected appraisal work at our recent Redrock discovery just five miles to the north, will be important in helping us formulate a combined development plan for both discoveries."

Noble Energy and its partners were also awarded two new blocks adjacent to Redrock and Raton in OCS Lease Sale 198 held last March. The company now has eight contiguous leases across the area.

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