Harriet JV to Spud Agamemnon-1

Tap Oil

The Hector-1 well is the first of three deviated wells in Production License TL/6 to be drilled from a single surface location. Hector-1 was drilled as a deviated well to a target approximately 1.7 km to the southwest of this location.

To date, the Hector-1 well had drilled ahead to the planned total depth. Logging data showed the Hector Prospect reservoirs to be water bearing with only insignificant hydrocarbon indications.

The well will be plugged back to commence the sidetrack drilling of the second well in the program, Agamemnon-1.

Agamemnon-1 will be drilled as a deviated well to a target approximately 1.8 km to the southeast from the same surface location.

The Agamemnon-1 well is designed to explore for oil within the Flag Sandstones. Agamemnon-1 is expected to take approximately 6 days to reach the proposed total vertical depth.

Harriet Joint Venture participants are Apache Northwest as operator with 68.5%; Tap with 12.2229% and Kufpec Australia Pty Ltd with the remaining 19.2771%.