Antrim Energy (fka ATGYF)

[kraftdinner]

Woodside Makes Discovery with Polkadot-1
Woodside Tuesday, September 14, 2004



Woodside reports that the Polkadot-1 exploration well is now running wireline logs. The well was drilled to a total depth of 3,791 meters.

Preliminary evaluation indicates that the Polkadot-1 well, which was drilled on the southern flank of the Polkadot structure, has intersected three gas zones with a cumulative gross thickness of approximately 50 meters. Production testing is being planned to establish reservoir producibility.

The well was drilled by Transocean's semisub, Sedco 703.

Woodside is operator of WA-313-P and holds a 50%. The other participant is Eni Australia B.V. (50%).