palta-1 reporting., page-2

Industry reports have confirmed that as of 18 September 2012, the "Noble Clyde Boudreaux" Mobile Offshore Drilling Unit (MODU) was enroute to a location in WA-384-P licence where it is understood to be contracted to drill the Palta-1 exploration well for Shell Development (Australia). Industry estimates are that spudding of the Palta-1 well is likely to occur by the end of September 2012. The Palta-1 well is expected to take approximately 60 days to drill.