Article: WEST OIL: West Oil to drill first well in Timor Sea >T.

M2 PRESSWIRE-17 September 1999-WEST OIL: West Oil to drill first well in Timor Sea (C)1994-99 M2 COMMUNICATIONS LTD

RDATE:160999

Junior oil and gas explorer West Oil NL has achieved a major milestone in its strategy to exploit its extensive Timor Sea exploration activities by reaching agreement to farm out its 33.3% interest in ZOCA 96-16 to Phillips Australasia Exploration Company, or its designee. This agreement is subject to a formal farmin agreement being signed.

Subject to Joint Authority approval, Phillips will drill and, if warranted, test a well on the Coleraine Prospect next year. It will also become the operator.

West Oil is ...

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