Apr 21, 2011

GALAHAD–1 WELL TO COMMENCE DRILLING IN WA-363-P



Octanex N.L.  (ASX Code:  OXX)  advises that the Galahad-1 well, the second well in the two well drilling campaign in the outer Exmouth Plateau permits WA-362-P and WA-363-P, is currently expected to spud within the next 5 to 7 days.  Galahad-1 is located within WA-363-P, as shown on the following Well Location Map.

The well will take approximately 36 days and will be drilled using the Saipem 10000 drillship.

Source: Octanex

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