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Kupe drilling rig arrival date revised

ASX Release
27 October 2006

Kupe drilling rig arrival date revised

Origin Energy Resources (Kupe) Limited (“Origin Energy”) today announced that
the Ensco 107 drilling rig for the Kupe Gas Project is now expected to arrive in
June 2007, delayed from the original planned date of March 2007.

Project Director for the Kupe Gas Project, Mr Peter Ashford said “This delay does not affect our critical path and the Project remains on schedule for first gas in the first half of the 2009 calendar year.”

The project was blessed by local Maori on Saturday 14 October, following which
the roadworks and site preparation for the onshore production station began.
Participants are:
Origin Energy Resources (Kupe) Limited* 50% (Operator)
Genesis Energy 31%
New Zealand Oil & Gas Limited 15%
Mitsui E&P New Zealand Limited 4%
*a wholly owned subsidiary of Origin Energy Limited

Ends

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