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Redback 2 Gas Exploration Well, Northern Perth Basin, Western Australia

Thursday, May 27, 2010

Progress and Status:

Origin Energy, on behalf of the L11 Joint Venture, advises that the Weatherford drilling rig 826 is currently drilling the Redback 2 exploration well. This well is being drilled from the same surface location as Redback 1, drilled in 2004.

At 06.00 hours Western Standard Time today, coring operations are underway in the basal Kockatea Shale at a depth of 3,808 metres MDRT#, above the target Wagina reservoir.

Drilling progress for the week was 199 metres.

Well type and location

Onshore gas exploration well, Perth Basin, Western Australia (L11 / EP 320).

Redback 2 is being drilled as a directional well to intersect the target Wagina reservoir at a subsurface location 380 metres NNW of Redback 1 at a prognosed vertical depth of 3,715 metres sub-sea.

Surface location

Latitude:

29° 27’ 27.34” S

Longitude:

115° 09’ 41.77” E

 

Target location

Latitude:

29° 27’ 15.15” S

Longitude:

115° 09’ 40.33” E

Participating Interests

Origin Energy Developments Pty Limited*

67.00%

AWE Limited

33.00%


 

Source: Origin Energy

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