[QUOTE]
13 June 2008
Company Announcements Office
ASX Limited
NSE-A1 Appraisal Well
The NSE-A1 appraisal well will start drilling in approximately 7 days, immediately after casing has been set on L33-3 and the rig moved on to location. The well is located at the crest of the NSE Central fault compartment, offsetting the L44H-D1 well which is currently producing at 3,300 bopd. The drill pad consists of 4 drilling cellars with the first well planned to be drilled vertically and to core the upper section of the approximately 180 metre thick main volcanic reservoir. An additional three deviated/horizontal wells will be drilled in succession immediately thereafter.
[END QUOTE]
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