Maureen Appraisal Unable to Encounter Commercial Quantities

Fairfield Cedrus Ltd, a wholly owned subsidiary of Fairfield Energy Ltd, announced that the Maureen appraisal well 16/29a-17 in the United Kingdom Central North Sea has been plugged and abandoned after failing to encounter commercial quantities of hydrocarbons.

The well was drilled to a total depth of 9281 feet to investigate an untested Paleocene target in the North East of the Maureen field, abandoned in 1999.

Fairfield's share of the costs of the appraisal well have been funded through a Farm-In Agreement and the Advance Agreement with Gemini Oil & Gas Fund II, L.P., a Jersey based oil & gas investment fund.