North Pedirka-1 Well to be Tied to Victoria Platform

Pressure testing and analysis of the North Pedirka-1 well has confirmed the presence of an 8m gross (6.1m net) oil column at the top of the Flag sandstone. The well is being completed as an oil producer from the Victoria Platform. The well is located in TL/6 approximately 8 kilometers south of Varanus Island.

This well is expected to be in production by mid September 2003. On completion of tie-in operations the Ensco-56 rig will continue drilling the development well Hoover-2 and this should reach target depth within the week.

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