Offshore staff

The Harriet joint venture spudded the Rose-4 development well on April 14. The Rose-4 well is in the Harriet joint venture permit, TL/1, and is being drilled from the Linda production platform. The objective lies 5.6 km southeast of the platform.

The well has drilled to 78.5 m and will continue to drill ahead to 6,267 m TD.

The Rose-4 development well is a deviated well, designed to intersect the Rose gas and condensate reservoirs updip of the Rose-1 discovery well.

The Rose field was discovered in 1998 with the drilling of Rose-1 and appraised through Rose-2 and Rose-3 also in 1998.

The Rose-4 development well is being drilled to increase gas delivery for the Harriet joint venture gas contracts.

TL/1 joint venture participants include operator Apache Northwest Pty Ltd. 68.5%, Kufpec Australia Pty Ltd. 19.3%, and Tap (Harriet) Pty Ltd. 12.2%.

04/14/05