AED reports exploration progress at S. Madura block

The following is an excerpt from Australian firm AED Oil Ltd's report filed with the Australian Stock Exchange on exploration progress at S. Madura block.

Gigir East-1 Exploration Well, South Madura PSC
The drilling of the Gigir-1 well is progressing according to the drilling plan. the 121/4" section has been drilled to a depth of 619 MDRT and 9 5/8" casing has been set. Drilling of the 8 1/2" section is underway with an estimated Total Depth of about 1,300m

Further updates will be made on a regular basis unless additional disclosure is required.

The South Madura Joint Venture consists of Cooper Energy (30% and Operator), AED (60%) and PT Eksindo South Madura (10%). (end of excerpt)