Espadon-1 Exploration Well ,(PSC B), Progress and Current Status: Since the last report on 30 August 2005 the Espadon-1 well was drilled by the “Stena Tay” rig to a depth of 2,523 metres when operational difficulties were encountered and it became necessary to re-spud the well. The Espadon-1A well was spudded on 4 September and at midnight on 5 September had been drilled to the planned casing depth of 2,500 metres and was preparing to run casing.