Tristan NW Development Well Spudded

Granby Oil and Gas says that drilling operations on the Tristan NW gas development well commenced on November 27, 2007. The single subsea well is expected to take approximately 70 days to drill and complete as a horizontal production well.

The development consists of a single subsea well with a control umbilical and 15km flowline which will deliver gas to the Davy platform. From there, the gas will be transported to the Bacton Terminal via the Inde 23a platform and existing pipelines.

Granby has a 54% participating interest in, and is production operator of, the Tristan North West gas development in UKCS License P.105 Block 49/29b in the UK Southern North Sea. Mitsubishi Corporation has provided a loan facility agreement for the development, and its subsidiary MC Exploration (UK) Ltd and Mosaic Natural Resources are co-venturers in the project. First gas production is anticipated in the first quarter of 2008.