Hoover-2 Development Well Successful

The Hoover-2 well has been successfully drilled into the Flag Sandstone oil reservoir and current operations comprise the installation of production casing. The well was drilled to a total depth of 3,604 meters measured depth by the Ensco 56.

Hoover-2 was batched drilled, with the oil discovery well North Pedirka-1 from the Victoria Platform located 2.7 kilometers to the west. The well will now be completed for immediate production.

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