EEX plugs Indonesian well

EEX plugs Indonesian well

HOUSTON (Dow Jones): EEX Corp. said an exploratory well at the
Karang Anyar prospect on the Tuban block in Indonesia was plugged
and abandoned after non-commercial accumulations of natural gas
were encountered.

EEX had a 50 percent interest in this well.

The company also said it had completed sidetrack drilling
operations on the Llano prospect on Garden Banks Block 386 in the
Gulf of Mexico.

EEX said analysis of the logging data indicates the presence
of several hydrocarbon-bearing sands in the Lower Pliocene and
Miocene aged sections.

In a press release Monday, the company said it is currently
continuing evaluation activities.

EEX said it expects to begin appraisal drilling in the Lower
Pliocene and Milocene resevoirs this fall.