re: good result May 2, 2005 CARPENTER PACIFIC RESOURCES LIMITED...

re: good result May 2, 2005 CARPENTER PACIFIC RESOURCES LIMITED (ASX CPC) ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE UPDATE HUNTINGTON 2-H WELL In East Texas, in the Company’s 30% owned Jefferson-McLeod Project, production testing is ongoing at the Huntington 2-H Well. To date the results have been positive with the well flowing natural gas. The company will announce a flow rate at the end of the testing period. For further information contact: North American Contact: Mr Jeff Clarke Managing Director & CEO Ph: +0011 214 244 7690 Email: [email protected] Australian Contact: Mr Peter Collery Executive Director and Company Secretary Ph: 03 8862 6466 Email: [email protected]