Drilling Resumes at Flamant-1

Since the last report on the Flamant-1 exploration well, repairs have been made to the Blow Out Preventer (BOP) and it has been re-run to the seabed. As of midnight on September 4, 2006, drilling of Flamant-1 to the next planned casing point at 2,110 meters had recommenced with the well having reached a depth of 1,880 meters.

Flamant-1 targets Cretaceous Carbonates and has a planned total depth 3,370m. The well is located in 1,414m of water, approximately 210km from the shore and 195 km North-West from Pelican-1, a Cretaceous gas discovery drilled in Block 7.

On completion of Flamant-1 the Atwood Hunter will drill a second Dana-operated exploration well, Aigrette-1 in Block 7, before returning to Woodside. Equities in Block 8 are:

Dana Petroleum (Operator) 41.5%
Hardman Resources Ltd 18.0%
Roc Oil Company 2.0%
Wintershall 25%
Gaz de France 13.5%

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