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2005.09.30
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カテゴリ: 株式投資
08:04 29-Sep-05
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Regulatory Announcement

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Company Lodore Resources Inc
TIDM LRS
Headline Drilling Update
Released 08:04 29-Sep-05
Number 9279R

RNS Number:9279R

29 September 2005

29 September 2005

Drilling Update - Kami

Following recent hurricane and storm activity in the Gulf of Mexico area, the
Company has received an update from the operator on the status of drilling at
the Pel-Tex Miami #E-1 well (the Kami prospect).

The rig was evacuated prior to Hurricane Rita making landfall, and we now know
that the storm passed very close to the well location.

The well is located within the Rockefeller Game Refuge which has levees designed
to mitigate salt water inflow from the marshland. The storm surge associated
with Hurricane Rita led to extensive flooding within the refuge, and it is

uncertain how long this might take but the operator has told Lodore and Pel-Tex
that it could take as long as two to three weeks.

A helicopter inspection of the rig site has shown that the drilling rig appears
to have no damage. However, flood waters with a depth of 6 to 8 feet surround
the drill area..


well is being drilled on a "turnkey" basis.

Prior to the hurricane related evacuation the well had made excellent progress,
and was drilling ahead at 11,104 feet towards a planned total depth of 14,000
feet, having set 10 3/4" casing down to 4,000 feet.

We will continue to update our shareholders of developments regarding this
matter, but believe that this delay is not material.


For further information contact:

Lodore Resources
Bob Williams, Executive Chairman +65 6324 0017
Peter Kirkham, Executive Director +65 9430 0565

Fishburn Hedges
(PR Adviser to Lodore)
Andrew Reid / Andrew Marshall +44 (0)20 7839 4321

End

This information is provided by RNS
The company news service from the London Stock Exchange

END


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