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winner,they are waiting to hear if PVR are bidding on Marathon assets and rest of 2008 Drill program...

ExxonMobil Announces 2007 Irish Licensing Round Block Awards
IRVING, Texas--(BUSINESS WIRE2)--Exxon Mobil Corporation (NYSE:XOM) confirmed today its subsidiary, ExxonMobil Exploration and Production Ireland (Offshore) Limited, along with Providence Resources P.l.c. (Providence) and Sosina Exploration Limited (Sosina), has been awarded two additional licenses in the Porcupine Basin of the Irish Sea. The Irish Governments Department of Communications, Marine and Natural Resources announced the results of their 2007 Irish Frontier Licensing Round earlier this week.

The licenses are located in water depths exceeding 6,500 feet, and together comprise 13 blocks and an area totalling 760,000 acres. A number of potential leads have been identified across the two licenses including a prospect known as Drombeg.

The new awards bring ExxonMobils Porcupine Basin interests to 18 exploration blocks plus an option for an additional 15 blocks, giving the company and its coventurers an expanded exploration position in the basin. ExxonMobil has been awarded operatorship of the two new license areas and will apply its global leadership geoscience and deepwater drilling capability to these Irish operations.

Commenting on the award Tim Cejka, president of ExxonMobil Exploration Company, said, "We are delighted to add this new Porcupine Basin acreage to ExxonMobil's large and geographically diverse global resource base which includes assets in many key established areas as well as in new and emerging basins. This expanded position will allow us to evaluate a wider range of opportunities in this unexplored basin."

ExxonMobil is finalizing plans to conduct seismic surveys on the new acreage in the Porcupine Basin in the near future.

CAUTIONARY STATEMENT: Estimates, expectations, and business plans in this release are forward-looking statements. Actual future results, including resource recoveries and project plans, could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; the outcome of exploration programs; technical or operating factors; and other factors discussed under the heading "Factors Affecting Future Results" in the Investor Information section of our website (www.exxonmobil.com3) and in Item 1A of our most recent Form 10-K. References to "resource base" and similar terms include quantities of oil and gas that are not yet classified as proved reserves but that we believe will be produced in the future.

Notes to editors:

Equity ownership of awarded blocks: ExxonMobil Exploration and Production Ireland (Offshore) Limited 80%, Providence Resources P.l.c. 16% and Sosina Exploration Limited 4%
The Drombeg blocks are 52/5, 52/10, 52/15, 53/1, 53/6 and 53/11.
The Drombeg Extension blocks are 52/13 (50% only), 52/14, 52/18, 52/19, 52/20, 52/23 and 52/24 (50% only)
ExxonMobil Exploration and Production Ireland (Offshore) Limited also has an 80% interest in the

http://www.oilbarrel.com/home.html

Irish offshore to witness unprecedented exploration projects



Shell will return to drill further exploration wells in the area around Corrib this summer as one of the busiest years ever for offshore exploration kicks off.


The oil major's Irish boss Andy Pyle said his firm will return to the area of the Dooish prospect drilled for further exploration drilling. The original Dooish well, it has emerged, contained a mixture of gas and condensate -- a very light liquid which is close to oil in its properties and which, it is thought, could provide an ideal feedstock for the refinery at Whitegate. As things stand, the Cork-based refinery is not able to deal with the heavier residues left when the lighter components have been refined and this residue must be exported overseas at some significant cost.

Whatever it contains, the Dooish west well, scheduled to start drilling soon, will need to carry additional reserves to make it worth developing the field.

In total, firms are set to spend over $200m (135m) drilling at least seven exploration wells in the Irish offshore this year. The drilling is likely to heighten interest in Ireland's junior exploration sector, with companies like Providence and Island Oil & Gas the major players as far as Irish investors are concerned.

The two have invested heavily in the Irish offshore and have played a key role in ensuring major companies like Exxon Mobil continue to view the offshore here as a viable exploration province (Providence was responsible for enticing ExxonMobil back to Irish waters). The US oil giant is likely to drill its Dunquin prospect in 2009.

Prior to that, the interest will focus on the drilling by Shell, and, given its record-breaking status, that interest should be considerable. The Dooish well will definitely set two and possibly three records for the Irish offshore sector. Apart from the distinct possibility that it will end up as the most expensive exploration well drilled in the Irish offshore, it will be drilled using the largest rig ever seen in Irish waters and, at more than 1,400 meters, will set a new record for water depth.

It is often said that the best place to drill for oil is on the floor of the Stock Exchange, and for good reason. Regardless of the long-term outcome, the excitement surrounding the busy drilling season is almost certain to entice new investors into the exploration sector.

There should be an update from Nigeria soon...on AJE prospect soon (I think) hopefully no delays !

rf,in about 2 weeks!

Thanks hermana...fingers crossed for some good news !

rf,there will be no flowtest but hope Chevron give us some detail on timeframes for move to production.

Expecting RNS tomorrow on Apollo licence extension.

hermana, i note from another board the greed mongers- bottom fishers are
now taking stakes- positions in PVR ahead of the game

nite,de bloody barbarians are at de gate! True....

Aje news not far off now! Expecting good result there....

might be more than just aje-4 news in the next rns with 08 drilling up date due.

winner,I am expecting a production buy or 2 also here.

Looks like an exciting and much awaited summer!
Hermana, any thoughts on IOG, is it acquiring something?

GUTTA,I don't know what is happening at IOG but it seems to be flying on the seat of its pants once again.

fairly low volume of shares traded with aje 4 rns due.

winner,but rising...

Monday Aje RNS? Word is that it will be worth the wait.

look forward to the positive news.