Kupe Drilling Rig Arrival Date Revised

Origin Energy Resources (Kupe) Limited said that the Ensco 107 drilling rig for the Kupe Gas Project is now expected to arrive in June 2007, delayed from the original planned date of March 2007.

Project Director for the Kupe Gas Project, Mr. Peter Ashford said "This delay does not affect our critical path and the Project remains on schedule for first gas in the first half of the 2009 calendar year."

The project was blessed by local Maori on Saturday October 14th, following which the roadworks and site preparation for the onshore production station began.

Participants are Origin Energy as operator with 50%; Genesis Energy with 31%; New Zealand Oil & Gas with 15%; Mitsui E&P New Zealand with 4%.

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