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Operations to retrieve the jars and remaining stuck drill string from the hole
were unsuccessful. No further
attempts are going to be made to extract the stuck pipe, as there is a very low
probability of success. A
cement plug has been set across the top of the 7 inch liner from 3,720 metres
back to 3,680 metres.

The joint venture has now approved a proposal to sidetrack a further time from
above the reservoir by
milling a window in the 95/8 inch casing at around 3,680 metres, which the drill
string will pass through. A
new hole would then be drilled from that point to a depth of approximately 4,300
metres with a KCL
fluid.

Following the release of the attached announcement, trading in Amity's shares
will commence at open tomorrow morning, 9 January 2004.


Regards


Amity Oil Limited
www.amityoil.com.au