Dana Spuds Aigrette-1 Offshore Mauritania

The Atwood Hunter has commenced drilling the Dana-operated Aigrette-1 exploration well in Block 7 offshore Mauritania, West Africa. As of October 8th, the well had been drilled to a depth of 1,838 meters and the current operation is drilling ahead.

Aigrette-1 is primarily a gas prospect on trend from the Pelican-1 gas discovery. The primary targets are stacked Cretaceous sandstones with some 0.7 TCF potential. The well is located in a water depth of 1,380 meters approximately 43 km north, northwest of the 2003 Pelican-1 gas discovery. The planned Total Depth is 4,925 meters.

Participants in Block 7 are Dana Petroleum as operator with 36%; Gaz de France with 27.85%; Hardman Resources with 16.0% Woodside with 15%; and Roc Oil with 4.95%.

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