Newfield and Carigali will immediately begin the process to develop the
East Belumut and Chermingat oil fields. The Company relies on a proven growth
strategy that includes balancing acquisitions with drill bit opportunities.

basins dredge

The partners will also drill five exploration and appraisal
wells and acquire 600 sq. The Malay Basin is a prolific
hydrocarbon province with good fiscal terms, attractive world markets and
growing infrastructure. Three wells will be drilled to develop the Abu Field, expected to be
on-line in early 2007 at an initial production rate of approximately
12,000 BOPD.S.com

Deming, Murphy Oil Corporation President and Chief
Executive Officer ., a wholly owned
exploration and production arm of PETRONAS, holds the remaining 15%.

nourishment alluvial

Newfield has committed to invest approximately $160 million in PM 323 over
the next three years.----Murphy Oil
Corporation (NYSE:MUR) announced today that its Saphir Marine #1 and
Onyx Marine #1 exploration wells drilled in the Mer Profonde Sud (MPS)
block offshore the Republic of Congo failed to encounter significant
hydrocarbons.S.

oord harbours

Vista Continental Corporation is a mineral exploration company
that has interests in gold and diamond properties in Guyana (formerly
British Guyana) and gold and rare earth properties in Peru.

Newfield Exploration Company For information , contact:
363 N.
Murphy operates and has an 85% working interest in MPS, which
covers over 800,000 acres.
Murphy also announced that its Rompin #1 exploration well
discovered oil and natural gas in multiple horizons. The well reached
a total depth of 6,021 feet and was drilled in 164 feet of water in
Block SK 311, offshore Sarawak, Malaysia.

suction alluvial

Newfield will operate PM 323 with a 60% interest.
Murphy operates and has an 85% working interest in adjoining
Blocks SK 311 and SK 309.

javeler lagoons

(Guyana) to
increase Vista's stake in Miranda 1 from a 40% minority position to a
majority 60% participation. The claims
areas encompass approximately 5,300 hectares and are accessible by
river with an airstrip located at the village of Kurapong. Important factors that could cause actual results to differ
materially from the expectations are disclosed in this release,
including, without limitation, in conjunction with those
forward-looking statements contained in this release.

javeler ballast

It has long been known for its gold and high quality
diamond production. We are excited about these new field developments and
the upside this new PSC brings to our growing portfolio of impact
opportunities .

siltation basins

, which is the owner of certain mining rights over 31 miles of
river claims located along the Mazaruni River in Guyana.,
Vista Continental Corporation will solidify its presence in Guyana
significantly . Making one
significant oil discovery in three attempts is a promising start; we
have a large number of prospects left to drill that appear to be
analogous to Azurite and we are making plans to return to this area
later this year to both appraise this discovery and to explore
further ," he added.

clamshell defences

(Carigali), the exploration and
production subsidiary of Malaysia's state-owned Petroliam Nasional Berhad
(PETRONAS). In addition, the drilling of oil and gas wells and the
production of hydrocarbons are subject to governmental regulations and
operating risks. Bhd.
The forward -looking statements reflected in this release are made
in reliance upon the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.

clamshell ballast

Should Vista's negotiations prove successful , Vista believes
that by acquiring a majority interest in Miranda 1 (Guyana) Inc.

clamshell trailing

There are seven existing discoveries located on the
block. "We have developed a great
business partnership with Carigali and PETRONAS. Sam Houston Parkway East, Ste. The Congolese national oil company, Societe
Nationale Petroles du Congo, holds the remaining 15%. Securities and Exchange Commission.

petremex dredgers

This release includes projections of future results and
"forward-looking statements" as that term is defined in Section 27A of
the Securities Act of 1933 as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934 as amended (the
"Exchange Act"). kilometers of 3-D seismic on the block. Newfield owns a 50% interest in PM 318, operated by
Carigali, where current gross production is approximately 10,000 BOPD. The other three wells will be drilled to explore for new fields
and appraise an existing discovery.

Newfield Exploration Company is an independent crude oil and natural gas
exploration and production company.

Business Editors/Energy Editors

EL DORADO, Ark.

trailing dredging

Vista intends to use data from its ground
penetrating radar surveys to guide its recovery .
We are currently evaluating development options for this area," he
added.

clamshell riverbank

nourishment nul

Mining Writers /Business Editors

LAS VEGAS----Vista Continental
Corporation (OTCBB:VICC) ("Vista"), today announced that it has
entered into negotiations with Miranda 1 Mining Inc.
Harvesting of the gold and diamonds in Guyana will be done by
means of two 10-inch Hydraulic Cutterhead Dredges, currently located
on the Mazaruni River and currently being refurbished to upgrade to
the state of the art .

rohde clamshell

Carigali holds the
remaining 40% interest. PM 323 covers approximately 335,000 acres in the Malay
Basin and is located about 185 miles offshore Kemaman, Terengganu.

dredge alluvial

Although management believes that the expectations
reflected in these forward-looking statements are reasonable; it can
give no assurance that such expectations will prove to have been
correct. In
July 2005, the partners plan to begin drilling the first of six wells on PM
318. 2020 Steve Campbell
Houston, TX 77060 (281) 847-6081
info@newfld.

Murphy Oil Announces Results of Exploration Drilling in the Republic of Congo and Offshore Sarawak Malaysia

Both of these dry holes tested prospects
within the same play fairway but were of a different structural type,"
said Claiborne P. The results of all three wells will be used to
recalibrate our Congo exploration program going forward. No assurance can be given that the
results discussed herein will be attained, and certain important
factors that may cause actual results to differ materially are
contained in Murphy's January 15, 1997 Form 8-K report on file with
the U.

javeler nourishment

The PSC is in
partnership with PETRONAS Carigali Sdn . The two fields are expected to be
on-line by early 2008 at a gross rate of approximately 15,000 barrels of oil
per day (BOPD). Newfield has secured a deepwater semi-submersible rig
to drill the first of two high-potential exploration wildcats in 2006.

acz harbours

Actual results may vary
significantly from those anticipated due to many factors, including drilling
results, oil and gas prices, industry conditions, the prices of goods and
services, the availability of drilling rigs and other support services, the
availability of capital resources, labor conditions and other factors set
forth in the Company's Annual Report on Form 10-K for the year ended
December 31, 2004.

alluvial riverbank

Guyana
(formerly British Guyana) is the only English speaking country in
South America.
"Malaysia has developed into a focus area for us, offering visible
production growth over the next few years and an inventory of attractive
exploration prospects that could provide additional developments," said David
A . "The Rompin discovery will be appraised
later this year, when we will also drill other nearby oil prospects.

harbours rohde

All statements that are included in this release,
other than statements of historical fact, are forward-looking
statements.

Newfield Signs Production Sharing Contract on PM 323 Offshore Malaysia*

onshore
Gulf Coast, the Anadarko and Arkoma Basins of the Mid-Continent, the Uinta
Basin of the Rocky Mountains and select international ventures.

backhoe petremex

HOUSTON, Newfield Exploration Company
(NYSE: NFX) today announced that its subsidiary signed a new production
sharing contract (PSC) on block PM 323 offshore Malaysia.

defences dredge

Vista currently has a 40% ownership in Miranda Mining I (Guyana),
Inc.
Miranda 1 Guyana (Inc) is controlled by the majority shareholder
of Vista."
Newfield entered Malaysia in 2004 with the signing of two PSCs -- PM 318
and deepwater Block 2C.
Newfield's areas of operation include the Gulf of Mexico, the U.

*The statements set forth in this release regarding timing of first
production and expected rates, development plans and future capital spending
are forward looking and are based upon assumptions and anticipated results
that are subject to numerous uncertainties.
"This oil discovery adds further scope to our investments in
Sarawak and to our already producing West Patricia and Congkak oil
fields found in adjoining license
SK 309," said Deming. PETRONAS Carigali Sdn.

trailing acz

Vista Continental Corporation Enters Negotiations to Increase Its Stake in Miranda

PM 323 is located approximately
40 miles from Newfield's existing Peninsular Malaysia acreage in PM 318. Trice, Newfield Chairman, President and CEO.2 million
acres offshore Sarawak.

defences reclamation

Bhd. This is the third PSC that Newfield has been awarded offshore
Malaysia . The average
water depth on the block is about 200'.
Newfield has a 60% interest in deepwater Block 2C which covers 1.
"These two exploration wells were drilled back to back after our
first well, Azurite Marine #1, which we previously announced as a
significant oil discovery.