Release: CityView: Simenggaris, Madura PSCs update

Following is an excerpt from Australian oil company CityView Corp Ltd?s report for the quarter ended June 30, 2006.

Simenggaris Concession ? Kalimantan Indonesia
On March 9, 2006 South Sembakung-2 was spudded and reached a depth of 7,750 feet on April 7, 2006 within Intra Meliat sand formation. The drill string then became stuck and the hole was sidetracked to 6,951 feet. The well has been temporarily suspended for further well test evaluation with a well service rig. CityView has been free carried throughout the drilling of South Sembakung-2. CityView has a 2.5% interest in the Simenggaris PSC.

Madura Concession ? Madura Island
Medco has advised that an application for a one year extension of the Concession for the drilling of Konang-3 has been submitted to the relevant parties. CityView has a 16.5% interest in the Madura PSC and will be free carried throughout the drilling of Konang-3. (end of report)