Apache Logs Pay with Mosman-1 Well

The Mosman-1 well located offshore Australia in permit TL/2 has been drilled to a depth of 2,705 meters measured depth by Ensco's jackup, Ensco 53. Hydrocarbon shows have been encountered within a series of lower Barrow Group sandstones.

Current operations comprise the running of logs and the recording of formation pressures and the acquisition of fluid samples to establish the nature and significance of the hydrocarbon shows. It is anticipated that this work will be completed within the next two days.

Participants in the Mosman-1 well are Apache as operator with 64.4082%; Pan Pacific with 23.1660% and Tap Oil with 12.4258%.