• Marina 1 has recorded a gas/gas condensate discovery. Hydrocarbon shows (principally gas) were recorded over at least 5 zones. • Preliminary analysis of the data recovered from the well has not confirmed the presence of a commercial discovery in this structure; however • Marina 1 has provided encouragement to conduct additional exploration in the permit. • Marina 1 is only the second well ever drilled in the WA318P Block, which covers 3000 square km. • The JV is considering a new seismic survey in WA-318-P which, combined with data from Marina 1, will assist in further geologic and geophysical interpretation. • The seismic survey will focus on identifying new leads and prospects and detailing several known leads in the permit."
Regards
SP
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