The Company is pleased to announce that Western Gas and Valaris...

The Company is pleased to announce that Western Gas and Valaris have formally
executed the drilling contract for the MS-1 semi-submersible rig to drill the multi TCF
Sasanof-1 exploration well.
The Sasanof-1 exploration well is in permit WA-519-P in Commonwealth waters about
207 km northwest of Onslow, Western Australia. Drilling is scheduled to commence in
March/April 2022 following the rig relocating from nearby activities on the North West
Shelf.
The contract marks another milestone towards the drilling of the Sasanof Prospect.
Securing the MS-1 rig following its current regional program provides significant
benefits for the delivery of a safe and efficient drilling campaign.
The Sasanof Prospect is on trend and updip of the liquids rich, low CO2 Mentorc G