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ebr, adx drilling emily soon., page-8

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    re: ebr, spudded...chart 9 Jan 2006 14:36 EBR Drilling Report - Emily #1










    ACN 051 212 429

    First Floor, 14 Outram Street, West Perth WA 6005 Telephone: +61 8 9481 3322
    PO Box 913 West Perth WA 6872 Facsimile: +61 8 9481 3330

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    Date: 9 January 2005
    To: Companies Announcements Office, ASX
    Electronic Lodgement:
    Number of pages: 2

    ANNOUNCEMENT TO ASX

    DRILLING RELEASE 1: EMILY#1
    PEL-182, COOPER / EROMANGA BASIN, S.A.

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    Eagle Bay Resources advises that the Emily-1 oil and gas exploration well spudded at 23:00 hours on 7
    January 2006 and is drilling ahead with 12 ¼" surface hole to 800m and then set 9 5/8" surface casing.

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    The status of Emily-1 at 06:00 hrs (CST) on 9 January 2006 was:

    Location: PEL-182
    Planned Total Depth: 2364 metres (TVD)
    Current Depth: 448 metres
    Operation: Drilling ahead to 800m
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    Spud: 23:00 hrs 7 January 2006
    Participants in the Emily-1 well are:

    Eagle Bay Resources (Operator) 37.6%
    Audax Resources Ltd 39.9%
    White Sands Petroleum Ltd 10.0%
    Australian Oil Company No2 P/L 12.5%

    Rig: Century Rig-18

    Target Strata: Hutton SS
    Poolowanna SS
    Tinchoo SS

    Yours sincerely





    ________________
    TONY RECHNER
    DIRECTOR
 
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