Woodside Finds Gas with Laverda-2

Woodside Petroleum reports that the Laverda-2 appraisal well located in permit WA-271-P in the Exmouth Sub-Basin has been drilled to a depth of 2,264 meters. Preliminary evaluation of the wireline logs indicates a gross gas bearing interval of 33.5 meters was intersected within the Macedon Sandstone. The well will now be plugged and abandoned as planned. The Atwood Falcon is preparing to move off location. Woodside's interest in WA-271-P is 100%.