This discovery follows the drilling of the Dua-4X well which encountered oil and gas within the northern fault block of the Dua structure.

Wireline testing of Dua-5X RE well recovered oil samples and pressure data. Preparations are now being made to conduct a drill stem test.

Dua-5X RE is the first successful intersection of the primary reservoir in the southern fault block of the Dua structure.

It was drilled after successful evaluation of the northern fault block where the down-dip extent of the hydrocarbon bearing reservoirs was confirmed by wells Dua-4X and Dua-4X ST1 drilled in May and June this year. These wells were drilled down-dip of the 1974 Dua-1X discovery well which flowed 1500 barrels of oil per day.

Following completion of testing operations on Dua-5X RE, the rig will move to drill 12E-CS-1X well on the Blackbird prospect to explore a large tilted fault block up-dip of a pre-existing well (12E-LK-1X) which previously encountered very good oil shows.

Interests in Block 12E are: Santos 37.5%, Premier Oil plc (operator) 37.5% and Delek Energy 25%.