drill update may 16

Drilling Report No. 11 East Wing-1 Well at 0830 hours
PEP 168 Otway Basin Victoria
Essential Petroleum Resources Limited (ASX: EPR) advises that the East Wing -1 operation has
set a cement plug across the top of the Belfast Formation to isolate the zones where gas shows
have been detected within the Flaxman and Waarre formations, from the overlying permeable
formations.
A second cement plug has been set above deteriorating hole conditions to provide a hard base
from which to commence the side tracking operation. The side tracking operation will take place at
a depth of 1300mkB and will commence tomorrow morning after the cement plug has cured.
The side tracked well will be drilled to the Eumeralla Formation a depth of approximately 2350mKB.
Essential Petroleum owns 100% of the PEP 168 permit.