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Taipan to continue drilling Badada-1 onshore Kenya following positive court decision

27th November 2014

Taipan Resources’ subsidiary, Lion Petroleum, appeared in the High Court in Nairobi on November 21, 2014 seeking a variation to the conservatory orders issued with respect to drilling activities on Block-2B

Taipan to continue drilling Badada-1 onshore Kenya following positive court decision
The variation to the conservatory orders and consolidation of petitions signifies meaningful progress allowing the operator to continue work at the Badada-1 well-site

Taipan is pleased to announce that the court agreed to vary its conservatory orders to allow the operator to continue preparations for drilling at the Badada-1 wellsite.

Subsequently, on November 25, 2014, lawyers representing the operator appeared in the High Court in Nairobi where the County Government of Wajir was permitted to join the petition as an interested party alongside Taipan, Lion and Premier Oil, the Ministry of Energy and Petroleum Kenya, the Attorney General's Office Kenya and the Department of Lands Kenya.

At the request of lawyers acting on behalf of the parties, it was deemed by the High Court that the two outstanding petitions against the parties be consolidated and heard as one petition before the High Court on December 10, 2014.

The variation to the conservatory orders and consolidation of petitions signifies meaningful progress allowing the operator to continue work at the Badada-1 well-site. Taipan and the Block-2B joint-venture partners remain confident that the remaining petitions will be over-ruled at the next court hearing and will remain on schedule to spud the Badada-1 well in early January.

Taipan operates and holds a 30 per cent working interest in Block 2B (5,464 square kilometres) and a 20 per cent working interest in Block 1 (22,246 square kilometres), which is operated by East Africa Exploration (Kenya) Ltd, a subsidiary of Afren.

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