May 22, 2013 - Following an independent review and certification, AWE Limited increased its estimate of recoverable oil for the Ande Ande Lumut (AAL) K Sand development by 33% to 101 million barrels. An additional 35 million barrels of gross recoverable oil in the G Sand have also been classified as 2C contingent resources. The added resources have increased AWE's Northwest Natuna PSC 2P reserves by 83% to 110 MMboe. AWE is in the process of finalizing preparations for a farm-out agreement of up to 50% of AAL. Completion of the farm-out is expected to be announced in 3Q 2013.

May 22, 2013 - Salamander Energy has seen a sharp rise in production from the Bualuang field due to the addition of the Bualuang Bravo platform in November 2012. Eight development wells have been completed and added to the production stream. One of the eight wells was drilled into the T2 reservoir which underlies the main T4 reservoir. That well has consistently flowed at 3,000 bopd since start-up which is substantially higher than the T4 wells. The Atwood Mako (400' ILC) carried out the drilling program and will drill an additional T2 production well before the rig mobilizes to begin an exploratory campaign in block G4/50.

May 8, 2013 - Nido Petroleum and its partner, Philippine National Oil Company (PNOC), have approved a work plan and budget to spud a wildcat on the Baragatan prospect in SC 63 offshore Palawan Island. Nido will serve as technical operator while drilling operations are underway. The well will be drilled when a suitable jackup becomes available and all regulatory approvals are secured. Bragatan is estimated to hold mean risked recoverable oil volumes of 115 million barrels with an upside of 166 million barrels.