chinguetti-4-5

Mauritania PSC-B, Block 4 Chinguetti-4-5 Woodside Mauritania Pty Ltd, Operator of the Mauritania Area B Joint Venture, reports that at 00:00 hours on 23 September 2003 preparations had commenced to run completions prior to production testing the Chinguetti-4-5 combined appraisal and early development well. Since the last report issued on 19 September 2003, the acquisition of wireline logs was completed and a 95/8 inch casing string was run. All reported times are UTC (also known as GMT). Participants in the Area B PSC are as follows: Area B (Chinguetti) Woodside Mauritania Pty Ltd 35.0% (Operator) AGIP Mauritania BV 35.0% Hardman Resources Ltd 21.6% Fusion Mauritania B Limited 6.0% Roc Oil (Mauritania) Company 2.4%