The well has an initial target depth of approximately 1,300m.

A minimum of two wells will be drilled on Block M during 2010 by Kulczyk Oil and its joint venture partners.

The well is being drilled as a deviated well to test multiple sandstone objectives within the Middle to Late Miocene Belait Formation.

The Mawar prospect was identified as being prospective for oil after interpretation of 3D seismic acquired in 2009 by KOV and its joint venture partners in Block M.

The well is being drilled by the MB Century Rig 104, which is expected to take approximately 25 days to drill.

The partners in Brunei Block M and in the Mawar-1 well are KOV Borneo (36%), Tap Energy (Borneo) (39%), China Sino Oil (21%) and Jana (4%).