Saleh Project Update

11 November 2011, Dubai, UAE -- RAK Petroleum Public Company Limited, the exploration and production company, today announced temporary suspension of drilling operations on the Saleh-5 well offshore Ras Al Khaimah following consultations with partner RAK Gas LLC which this week exercised its full 30 percent back-in option to the field redevelopment project by agreeing to pay its prorata share of past and forward costs.