what the...our boat is sinking.., page-36

yes,

Widespread Energy provides Kate 1 well update
13 May 2008

Dear Sir,

Widespread Energy provides Kate 1 well update

Widespread Energy holds 11.7% of Nelson based oil and gas exploration company Green Gate Limited.

Green Gate is presently drilling an exploration well (Kate 1) on the onshore Kate Anticline oil prospect near Amberley in PEP 38260, using the Rover drill rig, owned and operated by New Zealand based NRG Drilling.

Drilling is proceeding more quickly than anticipated and the well is on track to reach total depth during Wednesday 14 May. Subsequently, wire-line logs will be run for the purpose of evaluating the strata that have been penetrated.

All going according to plan a preliminary evaluation of the well should be completed during Thursday 15 May.

For and on behalf of the Board,

Chris D Castle

widespread.co.nz/2008/5/12/widespread-energy-provides-kate-1-well-update