drill report: plenty of drilling going on

12 July 2006 1 of 1 page Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir/Madam, RE: WEEKLY DRILLING REPORT

The Directors of Amadeus Energy Limited wish to announce the weekly drilling update report as follows:

Exploration wells: Morgan’s Bluff #17 Type: Oil development Location: Orange County, Texas Target Depth: 8,800 feet Working Interest: 70% Operator: TNT Engineering Inc – Wichita Falls, Texas. Status: The well was spudded on 9 July 2006 and has progressed to a depth of 1,549 feet as at 11 July 2006 (Texas time).

Hoffer #1 Type: Gas wildcat Location: Hoffer, Lavaca County, Texas Target Depth: 11,500 feet Working Interest: 50% Operator: Trio Consulting & Management LLC – Wichita Falls, Texas. Status: The operator is currently awaiting a completion rig and production testing.

Renger Sassin “A” #1 Type: Gas development Location: Halletsville South, Lavaca County, Texas Target Depth: 11,300 feet Working Interest: 25% Operator: Trio Consulting & Management LLC – Wichita Falls, Texas. Status: The drill rig is expected to move to the Renger Sassin A#1 location this week.

Yours faithfully, CAROLINE BENTLEY Executive Director/Company Secretary Level 11, 225 St Georges Terrace, Perth 6000 Western Australia ABN 36 058 714 408
Telephone 61-8-9226 0222 Fax 61-8-9226 0333 E-mail [email protected] Web www.amadeusenergy.com