Origin Energy Spuds Momoho 1 Well

Origin Energy Resources Limited, on behalf of the Kupe Joint Venture, advised that the ENSCO 107 has commenced drilling the Momoho 1 exploration well at a location six kilometers south east of the Kupe field.

Kupe Project Director Peter Ashford said that since the Kupe project was approved in June 2006 Origin, as operator of the Kupe JV, he has been looking for other exploration opportunities close to the Kupe facilities.

Extensive geological and geophysical investigations identified the Momoho prospect as the most exciting drilling candidate in the Kupe area.

It is possible that the Momoho prospect could contain either oil or gas, and possibly both. The Momoho 1 well is located between previously drilled exploration well Kupe South-4, which found subcommercial volumes of gas and Kupe South-5, which found subcommercial volumes of oil.

Ashford stated, "The well will take about 40 days drilling to reach its target depth. If the results are encouraging, further appraisal may be required."

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