drill update may 14

For the London guys:

14 May 2008
Drilling Report No. 10 East Wing-1 Well at 0600 hours
PEP 168 Otway Basin Victoria
Essential Petroleum Resources Limited (ASX: EPR) advises that after having recovered the majority of the bottom hole assembly, the East Wing-1 well operation is currently conditioning the hole and making preparations to side-track the well.
Essential Petroleum owns 100% of the PEP 168 permit.

Their web site has a ticker that says:

After getting stuck in the hole at 2254mKB we are preparing to sidetrack the well to evaluate gas shows encountered in the Waarre Formation.