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AWE Provides Al Meashar-1 Testing Update

Source: 4/15/2010, Location: Middle East

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AWE Limited reports that during the week, the second drill-stem test (DST) on Al Meashar-1, covering the basement section over the interval 3,180 to 3,660 metres, was completed.

Flow rates averaged approximately 600 barrels of oil and mud per day and periodically tested higher. The well did not fully clean up during this test, but did confirm oil production from the basement section at relatively stable rates.

Preparations for the final DST over a 25 metre sandstone interval within the Meem Formation are currently underway, with testing of this interval expected in the near future.

The participants in Block 7 are:
ARC Energy Holdings Ltd* 21.25%, Oil Search (ROY) Ltd (Operator) 34.00%, Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd 21.25%, Yemen General Corporation for Oil and Gas 15.00%, Mitsui E & P Middle East B.V 8.50%, * A wholly owned subsidiary of AWE Limited.

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