Appendix 4E, Directors' Report and Annual Financial Report for the year ended 30 June 2010
The Operator, AWE, advises that at 0600 hours today plug and abandonment operations were starting at the Kahu-1 exploration well. No significant hydrocarbons were detected within target sandstone reservoirs.
Pan Pacific Petroleum (Vietnam) Pty Ltd is progressing a 5% interest in Block 07/03 via a farmin agreement with operator Premier Oil Vietnam South B.V. (“Premier”), subject to PetroVietnam and Vietnamese Government approval.