Offshore staff

WELLINGTON, New Zealand -- Pogo Producing Co. and Mighty River Power plan to drill the first well in one of three Taranaki exploration permits off New Zealand during 3Q07.

In june, Mighty River Power acquired 50% of Pogo's three offshore Taranaki blocks -- PEPs 38488, 38489, and 38490.

Pogo New Zealand completed a portion of the initial technical program (2D seismic reprocessing, 3D data acquisition and processing) in the three offshore Taranaki permits before Mighty River joined.

9/15/06