Kenya survey completed

Gippsland Offshore's airborne gravity and magnetic data survey in L-6 Lamu basin of Kenya is complete and the information delivered to the operator.

Offshore staff

MELBOURNE, Australia –Gippsland Offshore's airborne gravity and magnetic data survey in L-6 Lamu basin of Kenya is complete and the information delivered to the operator. BHP Billiton processed the data under a technology agreement with Gippsland Offshore.

The data will be integrated into recent seismic returns and Gippsland says drillable prospects should be confirmed by the end of September. Together, the seismic and airborne surveys were designed to better define the leads mapped previously by Woodside and Pancontinental in L-6

The block partners, Gippsland with 60% and Pancontinental Oil & Gas NL with 40%, are required to drill two wells starting from Oct. 2007. L-6 is 70% offshore and 30% onshore.

08/21/2007

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