Melbana Energy’s Executive Chairman, Andrew Purcell, commented:...

Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “Exploration drilling often
provides unexpected results and thus requires flexible responses. Whilst drilling has not progressed
as far as we had projected this past week, this was due to encountering a higher-pressure zone
earlier than we expected. The gas and oil influx into the well bore (following the earlier significant
thickness of reported good to excellent oil shows) provides even more encouragement regarding
this shallow part of the well. We await the results of the electric logging - which have been brought
forward from the original plan - with great interest. It is important to remember that the pre-drill
synopsis for this well is that the two main (primary) targets are yet to be reached”