we now have oil production

Puffin- NE Development
AED (AED or the Company) advises that the Puffin North East Development has
commenced production, with first hydrocarbons from Puffin-8 reaching topsides at
16.21 hours last Saturday, 6 October.
Puffin-8 has been producing up to around 12,000 stb/d on a ¾ inch choke before
being shut in, and Puffin-7 has subsequently been commissioned, reaching a maximum
rate of around 16,000 stb/d over night.
Currently, the flow from both wells is being combined and the plan is to gradually
increase the total flow through the process facilities to the interim commissioning
rate of 27,000 stb/d late today, before progressing to stabilized production rate.
Puffin SW drilling Update
Further to the ASX release on 5 October 2007 the Company advises that the Wilcraft
drilling rig is now on location and is in preparation to commence drilling the Puffin-10
production well located in the Puffin SW region.