Harriet JV Makes Find with Bambra Appraisal Well

The Bambra East-1 well has been drilled to a total depth of approximately 2,550 meters measured depth and has been plugged back and abandoned as planned. Drilling of Bambra East-2 commenced on December 27th, and the well is currently drilling ahead at around 1,400 meters measured depth.

The Bambra East Gas Field is located in Production License TL/1, and will be appraised by two deviated wells; Bambra East-1 and Bambra East-2 drilled from a common surface location. The objectives for the two wells are approximately 1 kilometer north and south respectively from the surface location.

Bambra East-1 intersected the Top Flag approximately 3 meters high to prognosis. The well encountered an excellent quality reservoir section with a hydrocarbon contact consistent with the original Bambra-1 well.

Bambra East-1 is a very encouraging result for the Bambra East appraisal project. The results from the currently drilling Bambra East-2 well, which will take around 4 days to reach planned total depth, will be integrated into the gas field evaluation to better determine the gas resource and optimal development.

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

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