Kulczyk Spuds Second Brunei Well

Kulczyk announced that Lempuyang-1, the second onshore exploration well to be drilled in 2010 on Block L in Brunei Darussalam, has commenced drilling. The Lempuyang-1 well is part of the first phase of an exploration program on Brunei Block L.

The Lempuyang-1 well is designed to test the hydrocarbon potential of a structural feature defined by 3D seismic to a total depth of up to 3,300 meters. The well is being drilled using Nabors Drilling Rig 503 and is anticipated to take approximately 50 days to complete.

The Lempuyang-1 exploratory well is the second of a minimum of four wells to be drilled in Brunei by Kulczyk Oil and its joint venture partners in 2010. The first well, Lukut-1 (KOV 40%), was drilled on Brunei Block L and suspended in mid-June pending testing by a service rig.

The partners in Brunei Block L and in the Lempuyang-1 well are Kulczyk Oil Brunei Limited (40%), AED South East Asia Ltd. (50%) and QAF Brunei Sdn Bhd (10%). Kulczyk Oil Brunei Limited is an indirect wholly-owned subsidiary of Kulczyk Oil.