Widespread Energy advises stratigraphic exploration bore

New Zealand Exchange Limited
P.O. Box 2959
Wellington

15 January 2010

Dear Sir,

Widespread Energy advises planned Kotuku exploration bore

Widespread Energy is planning to drill a stratigraphic bore near the Kotuku oil seeps in its 100% held petroleum exploration permit (PEP 38560). 

The intention is to drill a 250m deep bore which will allow Widespread to confirm the shape of the Kotuku anticline, recover samples of the rock strata and the nature of any fluids contained within it.

The drill rig is presently expected to arrive on site on or about February 15, 2010.

For and on behalf of the Board,

Chris D Castle

Onekaka, 15 January 2010