Release: CityView: Simenggaris Block - Sesayap B-1 Report

Friday, February 3 2006 - 05:02 AM WIB

SIMENGGARIS BLOCK ? EAST KALIMANTAN, INDONESIA SESAYAP B-1

February 3, 2006 ? CityView Corporation Limited (?CityView?) (ASX:CVI) has received the following information from its Joint Venture partner and Operating Shareholder, PT Medco Energi Internasional TBK (?Medco?):

OPERATOR: Medco Simenggaris ? Pertamina JOB
WELL: Sesayap B-1
RIG: P.T. Apexindo 14
SPUD: 17.00 Hrs - 30 December 2005
PLANNED TD: 6024ft
CURRENT DEPTH: 6025ft

SUMMARY of ACTIVITY:
- Pull out of hole for logging
- Hole Cleaning
- Well Logged, 4 Tools were ran and Sidewall cores for 51 points
- Ran Logs for MDT, pressure test on 41 points and 2 fluid sampling on zones 37 and 38 (upper Meliat)

CURRENT AND UPCOMING ACTIVITY
? Well is temporarily suspended
? The lower zone (Naintupo and Meliat Formation) is Plug & Abandoned
? The upper zone (Tabul Formation) in 9 5/8? casing is temporarily plugged and suspended
? Evaluate the potential zone in Tabul prior to decision to test or not to test this zone
? Operator considering return at later date with smaller rig to test well
? Well circulated and cleaned out; cement plugged and sealed
? Well seals checked and pressure tested
? Rig dismantled for move to South Sembakung 2 well. (end of release)

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