drilling offshore gippsland

Drilling announced today.

Apache Northwest Pty Ltd as Operator and Farminee plans to drill Coelacanth as the second well in
the upcoming drilling round. The Coelacanth location was selected by Apache drawing upon the
existing modern 1100 sq km high quality 3D seismic survey that covers most of VicP45.
The Coelacanth well is scheduled to spud using Seadrills West Triton jacking rig on or about 17th
February 2008 and is expected to take 16 days to drill in a dry hole case.