Apache Spuds Victoria-2 Appraisal Well

The Victoria 2 appraisal well spudded on September 15, 2002. The well is located in permit TL/6 south of Varanus Island. The planned total depth of the well is 2,374 meters measured depth. The objective of the Victoria-2 well is to appraise the lateral extent and thickness of the Double Island sandstone and extent of the oil column down dip of the Victoria-1 oil discovery well. Victoria-2 is planned to intersect the reservoir approximately 21 meters downdip of Victoria-1. The well will be drilled by the Ensco 56 as a deviated well from the Victoria/Pedirka/Little Sandy platform location and is expected to take 5 days to reach the proposed total depth of 2,374 meters measured depth. Should the appraisal be successful in identifying oil down-dip of Victoria 1, it is likely that it will increase the reserve estimate for the field.

Participants in the Harriet Joint Venture are Apache Energy as operator with 68.5%; Kufpec Australia with 19.2771% and Tap Oil with 12.2229%.