Release: AWE?s Lisah-1 starts drilling

(24 January 2008)--The Lisah-1 well commenced drilling operations at 12:00 noon (Indonesia time) on January 23 and pilot hole was drilled to 170 metres with no incidents. Current operations on January 24 are opening pilot hole to 26 inches.

Lisah-1 is being drilled in the Bulu Production Sharing Contract (PSC) in the offshore Java Sea, approximately 90 kilometers north of Surabaya, East Java, in 60 meters water depth. The well has a planned total depth of 3,200 meters.

Lisah-1 is the first of a two-well exploration program in the Bulu PSC, and will be followed by Lengo-1.

Participants in the Bulu Production Sharing Contract are: AWE 42.5%, Aabar Petroleum Investments Company PJSC (Operator) 42.5%, PT Satria Energindo 10.0% and PT Satria Wijaya Kusuma 5.0%. (end of release)