OPERATIONS

Linda-3 boosts Harriet production

The Harriet Joint Venture has revealed that first gas and condensate production from its key Linda-3 production well was achieved on 26 April, however, the Linda field is temporarily shut in awaiting a repair to the well head choke.

Linda-3 boosts Harriet production

Prior to the shut in the Linda-3 production well was flowing at a rate of round 57 million scf/day with associated liquids of around 2,700 bbls of 50 degree API condensate per day. Maximum deliverability from the one well is estimated at around 110-120 mmscf/day.

The Linda gas and condensate field was discovered in July 2000 by the Linda-1 exploration with a net hydrocarbon pay of 90.1 metres and appraised in April 2001 by Linda-2 with a net hydrocarbon pay of 34.3 metres.

An initial field development was proposed and received Joint Venture sanction in early 2003. The cost of the Linda development, including the first well, was around $50 million.

The development concept consists of a six slot platform located to allow development of the Linda structure by 2-3 wells. The platform has been positioned to allow development of the adjacent Rose and Lee gas/condensate fields and other exploration prospects in the area.

The Linda platform is tied into the Campbell/Sinbad pipeline to Varanus Island and is expected to be back on production by 9 May 2004.

Harriet Joint Venture Participants are Tap Oil 12.2229%, Apache Energy (Operator) 68.5% and Kufpec Australia Pty Ltd 19.2771%.

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