Apache Spuds Mosman-1 Well

c The Ensco-53 will drill the well to a planned total depth of 2,705 meters measured depth.

The Mosman Prospect is interpreted from 3D seismic data as a large lower Barrow Group stratigraphic trap, identified by a seismic amplitude anomaly. The prospect has the potential to contain approximately 20 mmbbls of recoverable oil. The Mosman-1 well is expected to take 11 days to reach the proposed total depth.

Participants in the Mossman-1 well are Apache as operator with 64.408%; Pan Pacific Petroleum with 23.1660%; and Tap with the remaining 12.4258%.