NOIL Energy spuds Draupne exploration well

The Bredford Dolphin has spudded exploration well 16/1-9 on the Draupne prospect.

Offshore Staff

OSLO, Norway -- The Bredford Dolphin has spudded exploration well 16/1-9 on the Draupne prospect. The planned TD for the well is 2,275 m (7,464 ft). Results are expected in late April.

NOIL Energy operates Draupne with a 35% interest, StatoilHydro has 50%, and PA Resources holds the remaining 15%.

02/21/2008

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