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					                            who’s drilling
                                                                                                               Nov 20, 2009
                                                                                                                Issue 1517
OPERATOR          PAGE WELL                                  STATUS                                                                    BASIN


InterOil             3    ANTELOPE-2                         2214m preform production test, run 7” liner prior to testing              Pa
Santos               4    CARTMAN-1                          1598m and continuing                                                      CE
Vic Pet              5    FURY-1                             42m and DA towards primary objective                                      Co
Empire               6    GINGIN WEST-1                      160m and DA in 17-1/2” hole                                               Pe
Hess                 7    HIJINX-1                           Continuing                                                                Ex
Metgasco             8    KINGFISHEaR-E1                     1762m and DA in 6-1/8” hole                                               Cl
Hess                9     MENTORC-1                          P&A’d                                                                     Ex
Stuart              10    OLIVER-2                           TD 3233m complete logging, prepare to run 7” liner                        Ts
ConocoPhillips      11    POSEIDON-2                         4600m prepare to run 7” liner and DA to the Plover target                 Br
Chevron             12    SATYR-1                            Completed                                                                 Cv
Woodside            13    SOMERSET-1                         TD 2912m P&A                                                              Ot
Origin              14    TREFOIL-2                          TD 3255m running wireline logs                                            Ba
Lakes               15    WOMBAT-4                           TD 2500m evaluating and testing selected intervals                        Gi




*ConocoPhillips           BAYU UNDAN FIELD                         Ongoing                                                             Ts
*Woodside                 VINCENT/PLUTO DEV                        Ongoing                                                             Cv




* Development drilling, progress unreported




This Week’s Highlights:
Antelope-1: Gas and liquids column over entire logged Antelope reef dolomite and limestone interval of 373m

               between 1830-2203m, with net to gross ratio of 96%
Trefoil-2:     Hydrocarbon shows identified in Eastern View Coal Measured




 Adavale (0) = Ad, Barrow (1) = Ba, Bass (0) = Bs, Bonaparte (0) = Bo, Bowen (0) = Bw, Browse (1) = Br, Canning (0) = Cn, Canterbury (0) = Ca,
Carnarvon (1) = Cv, Clarence-Morton (1) = Cl, Cooper (1) = Co, Cooper-Eromanga (1)= CE, Dampier Sub (0) = Da, Eromanga (0) = Er, Exmouth
   Sub (2)= Ex, Gippsland (1) = Gi, Houtman Sub (0) = HS, Moran (0) = Mo, Murray (0) = Mu, Otway (1)= Ot, Papuan (1) = Pa, Perth (1) = Pe,
Pedirka (0) = Pd, Sorrell (0)= Sr, Surat (0) = Su, Surat-Bowen (0) = SB Stansbury (0) = St, Taranaki (0) = Ta, Tasmania (0) = Tm, Timor Sea (1)=
                                                      TS, Vulcan Sub (1) = Vu, Waiau (0) = Wa,



                                                      2008/2009                                     Percentage change on:
MARKET                     Today              High                   Low               week         month        year                    record
Energy Index               15839.9 18699.6 04/07/08 10609.5 21/11/08                    -0.2          -5.2           49.2                 -20.9
All Ordinaries              4710.4 5332.8 30/07/08 3096.1 05/03/09                      -0.2          -2.9           45.4                 -31.2
                 5/1 Almondbury Rd, Mt Lawley WA 6050 Tel: +61 8 9272 6555 Fax: +61 8 9272 5556 Email: oilinfo@pex.com.au
                                                                                                                                    Page 1
INSIDE
                                                               page
CURRENT WELLS              CONVENTIONAL                         3

                           COALSEAM GAS                        17

RIG MOVES                  OFFSHORE                            20
                           ONSHORE                             22

SEISMIC                    OFFSHORE                            26
                           ONSHORE                             22
SEISMIC MOVES                                                  28

PLANNED SEISMIC                                                31

VESSEL MOVES                                                   34

CURRENT WELLS              INTERNATIONAL                       39

PROSPECTS                  OFFSHORE                            40
                           ONSHORE                             43

EQUITY                                                         45

IN SUMMARY                                                     47



RIG COUNT                       SEISMIC
           Onshore   Offshore               Onshore Offshore
AUSTRALIA             P* M*     AUSTRALIA
Working        25     4    8    Working        3     3
Mobilising     4           1    Mobilising     -     3
Stacked        5      -    1    Available      -
Unavailable    2      -    1-   Unavailable    2     2
TOTAL          36     4    11   TOTAL          5     8
P* = Platform
M* = Mobile                     NEW ZEALAND
                                Working     -        1
         Onshore     Offshore   Mobilising  -        -
NEW                             Available   -        -
ZEALAND                         Unavailable -        -
Working       3       -         TOTAL       0        0
Mobilising    -       1
Stacked       3       -         PAPUA NEW GUINEA
Unavailable   -       -         Working     1        -
TOTAL         6       -         Mobilising  -        -
                                Stacked     -        -
           Onshore Offshore     Unavailable -        -
PAPUA NEW GUINEA                TOTAL       0        0
Working        2    -
Mobilising     -    -
Stacked        1    -           VESSELS
Unavailable    -    -           Working              132
TOTAL          3    0           Mobilising           -
                                Available            6
                                Unavailable          3
                                TOTAL                141
Onshore, Appraisal                                           ANTELOPE-2                                                          Papuan


OPERATOR                                                                  CONTRACTOR

InterOil              Wayne Hamal                                         InterOil Rig 2            Wayne Hamal
                      General Manager of E&P                                                        General Manager of E&P
                      InterOil Australia Pty Ltd                                                    InterOil Australia Pty Ltd
                      Level 2, Orchid Plaza                                                         Level 2, Orchid Plaza
                      79-87 Abbott Street                                                           79-87 Abbott Street
                      CAIRNS QLD 4870                                                               CAIRNS QLD 4870
                      Tel: (07) 4046 4600                                                           Tel: (07) 4046 4600
                      Fax: (07) 4031 4565                                                           Fax: (07) 4031 4565

                                                                          Next Well:                ANTELOPE-3

INTERESTS                                                                 PROGRESS

InterOil              100.00                                              27-07-09                  Spudded
                                                                          14-08-09                  Continuing
                                                                          24-08-09                  1100m, preparing to perform shoe test
                                                                                                    and then DA from below 13-3/8” casing
                                                                                                    with a 13-1/4” drill bit.
                                                                          17-09-09                  1831m, intersected the top of the
                                                                                                    Antelope reservoir. Beginning
SETTING                                                                                             preparations to run 9-5/8” casing.
                                                                          09-10-09                  1846m and preparing to obtain core in
Located 4km S SE of Antelope-1 and 19km E of Puri South-1.                                          the dolomite.
Targeting the Antelope reef dolomite and limestone.                       14-10-09                  1882m with 35.8m of 4” core
                                                                                                    successfully recovered. DST1 Run.
                                                                          05-11-09                  2214m recovered 9.3m of core
                                                                          13-11-09                  2214m perform production test, run 7”
                                                                                                    Liner and drill out to test and core
                                                                                                    Lower gas interval and potential oil leg

TECHNICAL                                                                 SIGNIFICANT RESULTS

Co-ords                 7-10-02.31 S                                      DST 1: tested natural gas and condensate at a rate of
                      145-08-49.37 E                                      14.1 million cubic feet of gas per day with 16.5 barrels of
Permit                PPL-237                                             condensate per million cubic feet.
PTD                   2550m                                               Gas and liquids column over entire logged Antelope reef
Class                 WO                                                  structure dolomite and limestone interval of 373m from
                                                                          1830-2203m, with net to gross ratio of 96%



                                                                                                                  A
                                       4
                                                                                         A

                                     $
                                           Bwata-1                                           A




                                                                                  $    Elk-2
                                                                                                        PPL-238
                                                                 4
                                                                                   $    Elk-1
                                                                 4                A


                                                                                  $
                                              Puri South-1   4                         Antelope-1
                                PPL-237
                                                                     Antelope-2




             0          10                    4


                 km
                       4




                                                                                                                                 Page 3
Onshore, Exploration                                                  CARTMAN-1                                                  Cooper/Eromanga


OPERATOR                                                                      CONTRACTOR

Santos                 Trevor Brown                                           Ensign Rig-30              John Bushell
                       Vice President Geoscience and                                                     Manager Australian Business
                       New Ventures                                                                      Ensign International Energy Services
                       Santos Ltd                                                                        15-17 Westport Road
                       Level 10 Santos House                                                             ELIZABETH SA 5113
                       91 King William Street                                                            (08) 8255 3011
                       ADELAIDE SA 5001                                                                  (08) 8252 2070
                       (08) 8224 7200
                       (08) 8224 7636
                                                                              Next Well:                 Ongoing Santos

INTERESTS                                                                     PROGRESS

Santos                 100.00                                                 08-11-09                   Spudded
                                                                              19-11-09                   1598m and continuing




SETTING

Located 2km S of Buckinna-1 and 4km SW of Goyder-2




TECHNICAL                                                                     SIGNIFICANT RESULTS

Co-ords                  28-24-54.80 S
                       140-28-10.20 E
Permit                 PEL-114
GL                     47.4m
RT                     54.5m
Class                  WF



                                    4

                                                                                                                   !
                                                    PPL-135
                                                                                                               A
                                                              $                      PEL-114
                                                        #
                                                               Goyder-2
                                                                                                                                  4

                                                                       4
                                                                               4   Buckinna-1
                                                                                     4
                                                            Rieke-1                         Buckinna-2



                          4
                                                                                     Cartman-1                               4




                                                                                                  A

                                                A


                                0           1
                                                                                       4
                                    km
                                                                                               PPL-34
                                        4
                                                                           PPL-188
Onshore, Exploration                                                             FURY-1                                           Cooper/Eromanga


OPERATOR                                                                               CONTRACTOR

Vic Pet                 Chas Lane                                                      MB Century Rig-3   Darren Thompson
                        Explorations Manager                                                              Australian Operations
                        Victoria Petroleum NL                                                             MB Century
                        Level 10, Exchange Plaza 2                                                        49 Campbell Ave
                        The Esplanade                                                                     WACOL, QLD 4076
                        Tel: (08) 9220 9800                                                               Tel: (07) 3718 4444
                        Fax: (08) 9220 9801                                                               Fax: (07) 3789 3322


                                                                                       Next Well:         AIRACOBRA-1

INTERESTS                                                                              PROGRESS

Vic Pet                 33.00                                                          15-11-09           Spudded
Monitor                 42.00                                                          17-11-09           42m and DA towards primary objective
Lion Pet                25.00
(upon well
completion)


SETTING

Located 4.4km NW from the Mirage oilfield and 9.5km from the
Ventura oilfield. Primary objectives Murta, McKinley and Namur
sands, secondary objective Permian Patchawarra formation.
Targeting up to 1.5mil bbls oil in Jurassic sands and 22.7BCF gas
in the Permian intervals




TECHNICAL                                                                              SIGNIFICANT RESULTS

Co-ords                   28-32-20.60 S
                        140-46-25.92 E
Permit                  PEL-115
PTD                     2000m
GL                      60m
RT                      65m
Class                   WF



                    4
                                              !                                                       #
                                         !
                                    4                              PPL-14
                                    !

                                          6
                                              Narcoonowie-6

                                         PPL-25                           PEL-115
                                                           4

                                                                             4
                                                                                 Plotosus-1


                                                      4
                                         Jindivik-1
                !
                                                          Lightning-1 !      Fury-1               4


                                6
PEL-95                                  Mirage-1
                                                           4
                                                                 Burruna-1



   0        1                                                                                                                         Page 5
       km
Onshore, Exploration                                                          GINGIN WEST-1                                    Perth


OPERATOR                                                                             CONTRACTOR

Empire Oil                  Craig Marshall                                           Weatherford   Weatherford Drilling International
                            Managing Director                                        Rig-826       6 Lafitte St
                            Empire Oil & Gas                                                       WINGFIELD, SA 5013
                            Suite 7, 154 Hampden Road                                              Tel: (08) 8168 2900
                            NEDLANDS WA 6009                                                       Fax: (08) 8168 2999
                            Tel: (08) 6389 2687                                                    Steven Ford
                            Fax: (03) 9386 6812                                                    Country Manager


                                                                                     Next Well:    CO2CRC pilot well

INTERESTS                                                                            PROGRESS

Empire                      53.70                                                    18-11-09      Spudded
Wharf Resources             25.00                                                    19-11-09      160m and DA in 17-1/2” hole
ERM Gas                     21.25




SETTING

Located 500m S of Bootine-1 gas discovery. Potential for
16.5BCF gas in primary targets and 16.5BCF in secondary
targets. Primary objective sands of Cattamarra coal measures.
Secondary objective lower Cattamarra coal measures



TECHNICAL                                                                            SIGNIFICANT RESULTS

Co-ords                       31-10-50.31 S
                            115-49-35.96 E
Permit                      EP-389
GL                          187m
RT                          195m
PTD                         4000m
Class                       WF




                                                #
                                                         Gingin-1
                                                    4
                                                        Gingin-2
                                    Bootine-1   #
                                                         Gingin West-1
                           EP-440

                                                                     EP-389
                                                              4
                                                                    Rockingham-1

                       4
                            Badaminna-1
              4




                                                          6       Eclipse-1
  0               10

         km                                         4
Offshore, Exploration                                           HIJINX-1                                                    Exmouth Sub


OPERATOR                                                                CONTRACTOR

Hess                    Jon Banfield                                    Jack Bates                   Sandy Roberts
                        Geological Operations Superintendent                                         Rig Manager
                        Hess Exploration Australia Pty Ltd                                           Trans Ocean Inc
                        Level 18, Allendale Square                                                   220 St George’s Terrace
                        77 St Georges Terrace                                                        PERTH WA 6000
                        PERTH WA 6000                                                                Tel: (08) 9213 3700
                        Tel: (08) 9426 3000                                                          Fax: (08) 9213 3777
                        Fax: (08) 9426 9621

                                                                        Next Well:                   ONGOING HESS

INTERESTS                                                               PROGRESS

Hess                    100.00                                          13-11-09                     Spudded
                                                                        18-11-09                     Continuing




SETTING

Located 5km SW of Nimblefoot-1 and 8km E of Lightfinger-1.




TECHNICAL                                                               SIGNIFICANT RESULTS

Co-ords                  20-13-18.00 S
                        113-41-24.00 E
Permit                  WA-390-P
WD                      1130m
Class                   WF

            !




                                                                                                                  WA-26-R
                                               Rimfire-1                             A


                                                                                         Briseis-1


                                                           A
                                                                                WA-390-P
                                                               Nimblefoot-1
                                            Hijinx-1                 Lightfinger-1

                                                                                     4


                                                                                         Warrior-1



                                                                   Mentorc-1



                   0          10

                         km




                                                                                                                               Page 7
Onshore, Appraisal                                                     KINGFISHER-E1                                                    Clarence Moreton


OPERATOR                                                                               CONTRACTOR

Metgasco             David Johnson                                                     Lucas Rig-150           Denis O’Brien
                     Managing Director                                                                         General Manager
                     Metgasco Limited                                                                          A.J Lucas Coal Technology Pty Ltd.
                     Level 9, 77 Pacific Highway                                                               112 Ebbern St
                     NORTH SYDNEY NSW 2060                                                                     DARRA, QLD 4074
                     Tel: (02) 9923 9100                                                                       Tel: (07) 3363 7333
                     Fax: (02) 9923 9199                                                                       Fax: (07) 3363 7399


                                                                                       Next Well:

INTERESTS                                                                              PROGRESS

Metgasco             100.00                                                            16-10-09                Spudded
                                                                                       23-10-09                80m and DA in a 12-1/4” hole.
                                                                                       02-11-09                729m and DA in an 8-1/2” hole. 7”
                                                                                                               casing will be run and cemented at
                                                                                       06-11-09                950m prior to drilling a 6-1/8” hole to TD.
                                                                                       10-11-09                1302m and DA in 6-1/8” hole
                                                                                       13-11-09                1452m strong gas kick experienced
SETTING                                                                                                        upon resumption after testing, drilling
                                                                                                               halted to increase mud weight
Located 19km E of Hogarth-2 and 21km N of Rappville-1.                                 20-11-09                1762m and DA in 6-1/8” hole
designed to appraise the Heifer Creek and Gatton
Sandstones, and the deeper Ripley Road Sandstone.



TECHNICAL                                                                              SIGNIFICANT RESULTS

Co-ords                28-52-59.34 S                                                   Production test carried out at 1274m in the Heifer Creek
                     153-03-39.46 E                                                    sandstone produced gas at rate of 0.9MMcfd after four
Permit               PEL-16                                                            hours, with test curtailed after some instability in the hole
PTD                  2100m                                                             was generated
Class                WO                                                                Further gas bearing zones encountered between 1452-
                                                                                       1710m




                                                                              4
                                                                                                     PEL-445
                                                                            Kyogle-1

                                                 4
                                                     Sextonville-1



                                                                                          PEL-16



                                                          Hogarth-2
                                                                                                Kingfisher-E1
                                                          44 4
                                                           4
                                                           4
                                                            Hogarth-1
                                                      Shannon-1 Hogarth-3
                                                             Hogarth-4

                                   4   Pickabooba-1
                         4   Pickabooba South-1                      PEL-13

                     0                      10
                                                                                  Rappville-1
                                                                                   ?

                              km
Offshore, Exploration                                         MENTORC-1                                                Exmouth Sub


OPERATOR                                                                  CONTRACTOR

Hess                    Jon Banfield                                      Jack Bates             Sandy Roberts
                        Geological Operations Superintendent                                     Rig Manager
                        Hess Exploration Australia Pty Ltd                                       Trans Ocean Inc
                        Level 18, Allendale Square                                               220 St George’s Terrace
                        77 St Georges Terrace                                                    PERTH WA 6000
                        PERTH WA 6000                                                            Tel: (08) 9213 3700
                        Tel: (08) 9426 3000                                                      Fax: (08) 9213 3777
                        Fax: (08) 9426 9621

                                                                          Next Well:             HIJINX-1

INTERESTS                                                                 PROGRESS

Hess                    100.00                                            20-10-09               Spudded
                                                                          29-10-09               Continuing
                                                                          12-11-09               P&Ad




SETTING

Located 24km SW of Warrior-1 and 44km S SE of Rimfire-1.




TECHNICAL                                                                 SIGNIFICANT RESULTS

Co-ords                  20-26-19.00 S
                        113-44-47.00 E
Permit                  WA-390-P
WD                      1130m
Class                   WF

         !




                                                                                                            WA-26-R
                                           Rimfire-1                             A


                                                                                     Briseis-1


                                                       A
                                                                            WA-390-P
                                                           Nimblefoot-1

                                                                 Lightfinger-1

                                                                                 4


                                                                                     Warrior-1



                                                               Mentorc-1


               0          10

                   km




                                                                                                                           Page 9
Offshore, Appraisal                                                     OLIVER-2                                                                     Timor Sea


OPERATOR                                                                               CONTRACTOR

Stuart                    Stuart Petroleum                                             Songa Venus                   Bill Stibbs
(on behalf of             Level 7, 22 King William Street                                                            Regional Operations Manager
PTTEP)                    ADELAIDE, SA 5000                                                                          Songa Offshore
                          Tel: (08) 8410 0611                                                                        677 Murray Street
                          Fax: (08) 8410 0250                                                                        WEST PERTH, WA 6005
                                                                                                                     Tel: (08) 6311 4300
                                                                                                                     Fax: (08) 9322 7763


                                                                                       Next Well:                    BRAVEHEART-1

INTERESTS                                                                              PROGRESS

*Stuart                   50.00                                                        23-10-09                      Spudded
Albers Group              50.00                                                        29-10-09                      2100m and DA in a 12-1/4” hole
                                                                                       12-11-09                      2962m and DA in 8-1/2” hole
*PTTEP acquiring Stuart’s interest                                                     19-11-09                      TD 3233m completed logging, prepare
Following drilling of Oliver-2                                                                                       to run 7” liner prior to commencing
                                                                                                                     testing program

SETTING

Located 3km NE of Oliver-1 and 5km NW of Cockell-1. Oliver
Field discovered in 1988 by BHP, with Oliver-1 suspended
after logging 170m gross gas column with oil


TECHNICAL                                                                              SIGNIFICANT RESULTS

Co-ords                     11-37-30.00 S
                           125-01-24.00 E
Permit                    AC-P-33
PTD                       3225m
Class                     WO




                                                    AC-P-35
                                                                                                                        4
                                                                                                                            Fagin-1
                                                                                            AC-P-33

                                                                               Oliver-2
                                                                    )


                                                                        Oliver-1                                                                 4
                                   AC-P-19
                                                                                   4

                                                           4                           Cockell-1
                                                               Hadrian-1
                                               4


                                                   Augustus-1                                                                         AC-P-4 C
                                                                                                             Kym-1
                                                                                        AC-P-17 AL          4
                                                                                                               Audacious-1
                                                                                                                6
                      0        1

                          km
                                                                                                           Audacious-2
                                                                                                   4
                                                                                                       6
                                                                                                           Audacious-3
Offshore, Appraisal                                                      POSEIDON-2                                                        Browse


OPERATOR                                                                              CONTRACTOR

ConocoPhillips                 Darwin Area Manager                                    Transocean              Kenny Brown
                               ConocoPhillips Australia                               Legend                  Rig Manager
                               22 Mitchell Street                                                             Transocean Inc
                               DARWIN NT 0800                                                                 220 St Georges Terrace
                               Tel: (08) 8981 8666                                                            PERTH, WA 6000
                                                                                                              Tel: (08) 9213 3700
                                                                                                              Fax: (08) 9213 3777



                                                                                      Next Well:              LION-1

INTERESTS                                                                             PROGRESS

ConocoPhillips                 60.00                                                  10-10-09                Spudded. The 30” conductor was set
Karoon                         40.00                                                                          and cemented at 576m.
                                                                                      12-10-09                1474m and DA in a 17-1/2” hole.
                                                                                      15-10-09                2429m in a 17-1/2” hole. Preparations to
                                                                                                              run 13-3/8” surface casing are
                                                                                                              underway.
                                                                                      22-10-09                2937m and DA in 12-1/4” hole
SETTING                                                                               29-10-09                3866m and DA in 12-1/4” hole
                                                                                      05-11-09                4098m with an 8-1/2” drilling string being
Located 6km SW of Poseidon-1 and 58km E of Maginnis-1A.                                                       run into hole after 9-5/8” intermediate
                                                                                                              casing was run and cemented.
                                                                                      12-11-09                4724m 8-1/2” drilling assembly being
                                                                                                              pulled out of hole due to mud losses
                                                                                      19-11-09                4600m prepare to run 7” liner and DA
                                                                                                              in 6” hole through to Plover objective


TECHNICAL                                                                             SIGNIFICANT RESULTS
                                                                                      Well intersected interbedded sands between 4710-
Co-ords                         13-40-07.13 S                                         4713m, no wireline or gas data is currently available
                               122-16-32.25 E
Permit                         WA-398-P
PTD                            5300m
Class                          WO




                                                                          Buffon-1
                                                                                $




                                                                               WA-315-P

                                                                                                 Poseidon-1
                                                                                                                   WA-274-P


                 Maginnis-1A ST2
                                                                                            Poseidon-2
                      4

                                                                        WA-33-P (1)


                          WA-302-P                                                                               WA-281-P
                                                                                       WA-398-P
                                                 WA-30-R        4
                                                                    Torosa-1

                 0                10
                                                       Torosa-4
                                                        4




                          km
                                          North Scott Reef-1
                                                    $       4


                                                             Torosa-2                                                                    Page 11
Offshore, Exploration                                          SATYR-1                                                                            Exmouth Sub


OPERATOR                                                            CONTRACTOR

Chevron                    John Peters                              Ensco-7500                  Ensco Offshore
                           Drilling Manager                                                     Level 2, Kings Park Road
                           Chevron Australia                                                    WEST PERTH WA 6005
                           Level 24, 250 St Georges Terrace                                     Tel: (08) 9211 3388
                           PERTH WA 6000                                                        Fax: (08) 9211 3390
                           Tel: (08) 9216 4000
                           Fax: (08) 9216 4444



                                                                    Next Well:                  YELLOWGLEN-1

INTERESTS                                                           PROGRESS

Chevron                    50.00                                    05-10-09                    Spudded
ExxonMobil                 25.00                                    23-10-09                    Continuing
Shell                      25.00                                    18-11-09                    Completed




SETTING

Located 32km SW of Achilles-1 and 45km E SE of Warrior-1.




TECHNICAL                                                           SIGNIFICANT RESULTS

Co-ords                     20-25-54.00 S
                           114-20-36.00 E
Datum                      WGS84
Permit                     WA-374-P
Class                      WF



                                                WA-26-R                                        WA-24-R
                  A


                      Briseis-1                                                                                                           #



                                                                                                    $
                                                                                           $

                                                                                   Maenad-1A            Orthrus-1

                                                                                                                                          #




                                                                         Achilles-1
                                             WA-374-P
                                                                                                            $

                                                                                                         Clio-1                           #


                  4


                      Warrior-1                                                                                               #
                                                                                                                                  #




                                                                                                                                      #




                                                          Satyr-1                                                                 4




                                                                                                                          #

                                                                                                                Central Gorgon-1
                                                                                                                      4


                                                                                                                Gorgon-3
                                                                                 WA-205-P (2)                     #


                                                                                                           Gorgon-1
              0              10                                                                                                           $
                                                                                                                                              S
                      km

                                                                                   Euryale-1
                                                                                       4
Offshore, Exploration                                            SOMERSET-1                                                          Otway


OPERATOR                                                               CONTRACTOR

Woodside                 Kevin Gallagher                               Ocean Patriot                      Steve Ramsay
                         Drilling & Completions Manager                                                   Operations Manager
                         Woodside Petroleum                                                               Diamond Offshore General Company
                         240 St George’s Terrace                                                          Unit 2/5 Turner Ave
                         PERTH WA 6000                                                                    Bentley WA 6102
                         Tel: (08) 9348 4000                                                              Tel: (08) 6363 8900
                         Fax: (08) 9348 5539                                                              Fax: (08) 633 8998


                                                                       Next Well:                         KIPPER DEV.

INTERESTS                                                              PROGRESS

Woodside                 51.55                                         19-10-09                           Spudded
Origin                   30.75                                         22-10-09                           1284m set and cemented the 13- 3/8”
Benaris                  12.70                                                                            Casing and preparing to run BOP
Mid American             5.00                                          29-10-09                           2912m and DA
                                                                       05-11-09                           TD 2912m and preparing to P&A
                                                                       12-11-09                           TD 2912m continuing P&A operations
                                                                       14-11-09                           TD 2912m P&A
SETTING

Located 32km W of Prawn-A1 and 16km SW of Thylacine-
2. The primary objectives are the sandstones within the
Late Cretaceous Sherbrook Group.


TECHNICAL                                                              SIGNIFICANT RESULTS
                                                                       Minor gas shows were encountered in thin sands in the
Co-ords                    39-20-36.75 S                               uppermost reservoir target section but these appear to be
                         142-44-56.14 E                                water bearing on logs run and during drilling.
Permit                   TAS-34-P
PTD                      3305m
WD                       503m
Class                    WF
                                 4



                                                         $

                                                    La Bella-1
                                                                     VIC-P-43

                                                                                               $
                                                                                                   Geographe North-1

                                              VIC-P-61                                             $

                                                                                               Geographe-1




                                                                            $

                                                                        Thylacine-2
                                                                                      $
                                                                                          Thylacine South-1
                                                                                           $



                                                                                            Thylacine-1


                                                                                               T-30-P

                                              Somerset-1                                                                   4


                                                                                                                         Prawn-A1


                                     T-34-P
                0    1

                    km




                                                                                                                                    Page 13
Offshore, Appraisal                                                     TREFOIL-2                                                  Bass


OPERATOR                                                                     CONTRACTOR

Origin                 Paul Zealand                                          KAN TAN-4               Martin Flojgaard
                       G/M Exploration & Production                                                  Drilling Manager
                       Origin Energy                                                                 Maersk Contractors
                       John Oxley Centre                                                             Level 1, 1 Preston St
                       339 Coronation Drive                                                          COMO WA 6152
                       MILTON QLD 4064                                                               Tel: (08) 6436 1400
                       Tel: (07) 3858 0681
                       Fax: (07) 3369 7840


                                                                             Next Well:              ROCKHOPPER-1

INTERESTS                                                                    PROGRESS

Origin                 47.50                                                 24-09-09                Waiting on weather in Port Phillip Bay
AWE                    39.00                                                                         before moving onto location.
CalEnergy              8.50                                                  06-10-09                Spudded
Innamincka             5.00                                                  08-10-09                153m and preparing to DA in a 17.5”
                                                                                                     hole after successfully setting the 30”
                                                                                                     conductor.
                                                                             15-10-09                935m after setting and cementing the
SETTING                                                                                              12-3/8” casing
                                                                             22-10-09                2520m and preparing to run 9-5/8”
 Located 3km S of Trefoil-1 and 12km SW of Aroo-1. Being                                             casing
drilled to appraise the Trefoil gas field discovered by Trefoil-1            29-10-09                2520m attempting to retrieve upper
in 2004.                                                                                             section of stuck 9-5/8" casing.
                                                                             05-11-09                2520m and undergoing rig
                                                                                                     maintenance prior to DA. The
                                                                                                     uppersection of the 9-5/8” casing and
                                                                                                     the running tool were retrieved and the
                                                                                                     casing successfully patched.
                                                                             12-11-09                2983m POOH prior to coring
                                                                             19-11-09                TD 3255m running wireline logs

TECHNICAL                                                                    SIGNIFICANT RESULTS
                                                                             Hydrocarbon shows identified in Eastern View coal
Co-ords                 39-53-07.89 S                                        measures
                       145-22-14.87 E
Datum                  GDA94
Permit                 TAS-18-P
Class                  WO
PTD                    3220m



                                                                                                         4


                                                                                                             Aroo-1



                                                                                                    T-18-P
                                                                                    $

                                                                                        Trefoil-1

                                                                                    Trefoil-2



                                                #

                                                    White Ibis-1

                                                           $

                                                               Bass-3
                        0        1

                            km
Onshore, Appraisal                                                                           WOMBAT-4                                                                                                             Gippsland


OPERATOR                                                                                                   CONTRACTOR

Lakes Oil N.L                Robert Annells                                                                Hunt Rig-2                                                                 Larry Werecky
                             Chairman, Director                                                                                                                                       General Manager
                             Lakes Oil N.L                                                                                                                                            Hunt Energy and Miner Company
                             Level 14                                                                                                                                                 15 Scarborough Way
                             500 Collins St                                                                                                                                           LONSDALE SA 5113
                             MELBOURNE VIC 3000                                                                                                                                       Tel: (08) 8322 7511
                             Tel: (03) 9629 1566                                                                                                                                      Fax: (08) 8322 7533
                             Fax: (03) 9629 1624

                                                                                                           Next Well:                                                                 CO2CRC pilot well

INTERESTS                                                                                                  PROGRESS

Lakes                        100.00                                                                        17-10-09                                                                   Spudded
                                                                                                           19-10-09                                                                   302m with surface casing being set.
                                                                                                           22-10-09                                                                   609m and DA
                                                                                                           26-10-09                                                                   1204m and DA into the Strzelecki
                                                                                                           29-10-09                                                                   1378m. Planning to POOH and set 7”
                                                                                                                                                                                      casing.
                                                                                                           04-11-09                                                                   1680m and DA.
SETTING                                                                                                    09-11-09                                                                   2404m and changing bit prior to DA
                                                                                                           16-11-09                                                                   TD 2500m evaluating and testing
Located 2km W of Wombat-2 and 1km NE of McCreesh-1.                                                                                                                                   selected intervals in the Strzelecki and
Primary target Strzelecki Group expected at approximately                                                                                                                             Latrobe groups
1311m. Secondary target is the Latrobe Group.                                                              16-11-09                                                                   TD 2500m evaluating and testing
                                                                                                                                                                                      Selected intervals in the Strzelecki &
                                                                                                                                                                                      Latrobe groups

TECHNICAL                                                                                                  SIGNIFICANT RESULTS

Co-ords                        38-22-13.06 S                                                               During the drilling of the Latrobe Sands several zones
                             147-07-00.53 E                                                                were encountered where elevated gas readings at above
Permit                       PEP-157                                                                       background levels were encountered.
Class                        WO                                                                            The top of the Strzelecki group was intersected at 1350m at
                                                                                                           which time gas picked up significantly and Gas readings
                                                                                                           containing up to C5 were recorded.


                                                                              4
                                                                              4
                                                                          4                    4
                                                                         4                                                                                                                            4
                                                                              4 4                                                                       j
                                                                                                                                      4
                                                                                                                                                        4
                                                                                                                                                                     4   Glencoe-14
                                           4                                         4                                                                  4
                                                                                                   4
                                                                                                       Midfield-1                                           Glencoe South-1
                                                                                                                                      4 4




                                                                         Signal Hill-1
                                                                               4

                                                                                                                       4
                                                                                                           4




                                                                                                                                                    4




                                       4
                                                                   PEP-157                                                                                  4A
                                                                                                                                                             $
                                                                                                                                                                 4
                                                                                                                                                                                            44


                                                                                                                                                A
                                                                                                                                                $

                                                                                                                                                    4

                                                                                                                           Crossroads-1             $


                                                                                                               4       4
                                                                                                                       4
                                                                                                                                                                                        4
                                                4
                                                    4                                                                                                                                       Lake Reeve-1
                                                        $
                                                            Echidna High-1                 Macalister-1Wombat-1
                                                                                                   4
                                                                                                                   $
                                                                                                                              4


                                                                                                                   $


                                                                                       Wombat-4 Wombat-3
                                                                                                                                  4
                                                                                                       A

                                                                                         4

                                                                                    McCreesh-1   Wombat-2                                   4

                                                                                                              Gifford-14

                                   4




                                                                   Salt Lake-1
                                                       Wonga Binda-1           4
                                           4                4

                                               Darriman-1            4




                0        1

                    km                                                                                                                                                                      4
                                                                                                                                                                                                Wasabi-1   4




                                                                                                                                                                                                                 Page 15
Offshore, Exploration                                        YELLOWGLEN-1                                                  Exmouth Sub


OPERATOR                                                            CONTRACTOR

Chevron                 John Peters                                 Ensco-7500               Ensco Offshore
                        Drilling Manager                                                     Level 2, Kings Park Road
                        Chevron Australia                                                    WEST PERTH WA 6005
                        Level 24, 250 St Georges Terrace                                     Tel: (08) 9211 3388
                        PERTH WA 6000                                                        Fax: (08) 9211 3390
                        Tel: (08) 9216 4000
                        Fax: (08) 9216 4444



                                                                    Next Well:               ONGOING CHEVRON

INTERESTS                                                           PROGRESS

Chevron                 50.00                                       20-10-09                 Spudded
ExxonMobil              25.00
Shell                   25.00




SETTING

Located




TECHNICAL                                                           SIGNIFICANT RESULTS

Co-ords                  19-41-36.00 S
                        113-55-06.00 E
Datum                   WGS84
Permit                  WA-374-P
Class                   WF




                                            Mercury-1*   4
                                                                               4
                        4                                          Chandon-1




                                         Yellowglen-1                                            Jansz-2   4




                                    WA-268-P                                           WA-18-R

                                                                                                                   4
                                                                                                                       ?



                                                                                                               4

                                                                                   WA-26-R

               0            10

                   km
Coalseam Gas Wells
WELL NAME         EQUITY %      CONTRACTOR       PTD     PERMIT       TARGET               CURRENT STATUS
(Spud date)      (*Operator)    (Rig)                    (Basin)

DEWHURST-11      Eastern Star   Boart Longyear   -       PEL-238      Hoskissons and       (Nov 10) 1038m
(05-11-09)       (65.00)        Rig-1200-1               (Gunnedah)   Bohena seams         encountered 19.2m coal
                                                                                           in the Black Jack FM and
                 Santos                                                                    and 33.5m in the Maules
                 (35.00)                                                                   Creek FM. Completed


DUNROSSIE-1      Galilee        Major Drilling   -       ATP-799-P    -                    (Nov 17) 629m and DA
(06-11-09)       (100.00)       Rig P-69                 (Drummond)



GWYDIR-1         Eastern Star   Boart Longyear   -       PEL-6        Triassic             (Nov ) 32m coring ahead
(16-11-09)       (50)           Rig 1200-1               (Surat-      Moolayember FM
                 Orion (47.5)                            Bowen)       and Permian coals


KANAKA-1         Blue (100)     Lucas Mitchell           ATP-813-P    Test C&S potential   (Nov 18) 94m drilling
(16-11-09)                      DRS097                                of Betts Creek       7-7/8” surface hole
                                                                      Beds and Aramac
                                                                      Coal measures


KULLANDA-1       Santos         Eastern Well     -       ATP-804-P    -                    (Nov 15) TD 1119m P&A
(29-10-09)       (70.70)        Rig-101                  (Bowen)


LUCKY GULLY-8T   Origin         Lucas Mitchell   -       ATP-606-P    -                    (Nov 16) TD 1088m C&S
(03-11-09)       (97.40)        DRS087                   (Surat)                           As CSG well
                 Santos (2.6)


MACDONALD 5C     Comet Ridge    -                1170m   PMP-50100    Brunner and          (Nov 2) 804m and coring
(30-10-09)       (20.00)                                 (Westland)   Paparoa Coal         ahead through upper
                                                                      Measure              Paparoa formation
                                                                      sequences.


MONSLATT-1A      Blue           Boart Longyear   800m    ATP-814-P    Permian aged         (Nov 18) 33m and drilling
(21-10-09)       (100.00)                                (Galilee)    Moranbah Coal        surface hole
                                                                      Measures


MONSLATT-2       Blue           Boart Longyear   -       ATP-814-P    Permian aged         (Nov 18) TD 858m C&S
(21-10-09)       (100.00)                                (Galilee)    Moranbah Coal        as monitoring well with
                                                                      Measures             6m coal seam at 526m


MUTTABURRA-2     AGL (50)                        1136m   ATP-529-P    -                    (Nov 17) TD 1088.9m
                 Galilee (50)                            (Galilee)                         P&A as planned




                                                                                                              Page 17
Coalseam Gas Wells
WELL NAME      EQUITY %      CONTRACTOR       PTD    PERMIT       TARGET         CURRENT STATUS
(Spud date)   (*Operator)    (Rig)                   (Basin)

OAKDALE-1     *Santos        McDermott        -      PEL-456      -              (Nov 14) TD 891.7m P&A
(22-10-09)    (100.00)       Rig-29                  (Gunnedah)


PEEBS-1       *BG (60)                        677m   ATP-574-P    Walloon coal   (Nov 17) Spudded
(17-11-09)    Vic Pet (30)                           (Surat)      measures
              Arrow (4.38)
              Bow (3.75)


ROSEVALE-1    *Eastern       McDermott        -      PEL-238      -              (Nov 16) TD 588.5m
(04-11-09)    Star (65)      Rig-27                  (Gunnedah)                  coring ahead
              Santos (35)


ROUCHEL       *Santos        McDermott        -      PEL-456      -              (Nov 18) In progress
ROUCHEL-2     (100.00)       Rig-33                  (Gunnedah)
(25-10-09)


SKIFF-1       *Comet         Atlas Drilling   -      ATP-743-P    -              (Nov 17) DTS later this
              Ridge (100)    Rig-1                   (Galilee)                   week


TOMMY-1       *Icon          Major Drilling   -      ATP-626-P    -              (Nov 18) 952m prepare to
                             Rig-P52                 (Bowen)                     run DST prior to coring


VERA PARK-1   AGL (50)                        -      ATP-529-P                   (Nov 17) 153m and DA
(12-11-09)    Galilee (50)                           (Galilee)
Coalseam Gas Projects
(Current in Bold)
PROJECT NAME        OPERATOR      PERMIT      RIG(S) USED             DURATION
                                  (Basin)

FAIRVIEW DEV        Santos        PL-92       Lucas Mitchell DRS086   Multi-well project
                                  PL-91       and Atlas Rig-1
                                  (Bowen)


MORANBAH GAS &      Arrow         PL-191      Lucas Mitchell          Multi-well project
MORANBAH NTH                      (Bowen)     DRS059, DRS065 &        since Sept 2004
GAS PROJECT                                   DRS084


STRATHEDEN          Arrow         PL-252      Lucas Mitchell          Multi-well project
PROJECT                           (Surat)     DRS098


TIPTON DEV          Arrow         PL-198      Johnson Rig-5           Multi-well project
                                  (Surat)



SHALLOW             Blue Energy   ATP-813-P   Lucas Mitchell          10 well corehole program
COERHOLE                          (Galilee)   DRS097
PROJECT


CSG PROGRAM         AGL Energy    PEL-103     Tom Brown drilling      3 well CSG program
                    Limited       PEL-103A    Rig
                                  (Cooper)


2009 CSG            Westside      ATP-688-P   Boart Longyear          16 well CSG program, through to mid 2010
PROGRAM                           ATP-769-P   Schramm TXD 180
                                  (Bowen)


2009 CSG            AGL Energy    ATP-529-P                           7 core hole well program
DRILLING            Limited       (Galilee)
PROGRAM


5 WELL              Icon          ATP-626-P   Major Drilling          5 well stratigraphic program + 4 Lydia
STRATIGRAPHIC                     (Bowen)     Rig-P52                 Project wells.
PROGRAM




                                                                                                               Page 19
RIG MOVES
Offshore
CONTRACTOR                  RIG                    WELL              PERMIT          NEXT WELL      PERMIT
                                                   (Operator)        Basin           (Operator)     Basin

ATWOOD OCEANICS             ATWOOD EAGLE            PLUTO DEV        WA-34-L         IAGO-5         WA-16-R, WA-17-R
35 Peel Road                Semisub                 (Woodside)       (Carnarvon)     (Chevron)      (Carnarvon)
O’CONNOR WA 6163            WD 1524m
Tel: (08) 9331 2099         Capacity 7629m
Fax: (08) 9337 1383         Korkut New Era Enhanced
Derek Morrow
Operations Manager


DIAMOND OFFSHORE            OCEAN PATRIOT          Stacked           Geelong         KIPPER DEV     VIC-RL-2
GENERAL COMPANY             Semisub                                                  (ExxonMobil)   (Gippsland)
Unit 2/5 Turner Ave         WD 457m
BENTLEY WA 6102             Capacity 6096m
Tel: (08) 6363 8900         Trosvik Bingo 3000
Fax: (08) 6363 8998
Tom O’Neill (Bounty)        OCEAN EPOCH            PYRENEES DEV.     WA-12-R
Operations Manager          Semisub                (BHP)             (Carnarvon)
Steve Ramsey (Patriot)      WD 500m
Operations Manager          Capacity 6096m
                            Korkut New Era

                            OCEAN SHIELD           3 well program    JPDA06-102
                            Jackup                 (Petronas)        (Timor Sea)
                            WD 106m
                            Capacity
                            KFELS mod V” B


ENSCO OFFSHORE              ENSCO-104              BAYU UNDAN FIELD Timor Gap
COMPANY                     Jackup                 (Conoco Phillips)
Level 2, 66 Kings Park Rd   WD 121m
WEST PERTH WA 6005          Capacity 9144m
Tel: (08) 9211 3388
Fax: (08) 9211 3390         ENSCO-107              Mobilising                        ALBACORE-1     PEP-38491
Jason Morganelli            Jackup                                                   (Westech)      (Taranaki)
Rig Manager Ensco-56        WD 122m
                            Capacity 9144m
                            KFELS Mod V-B

                            ENSCO-7500             YELLOWGLEN-1      WA-268-P
                            Semisub                (Chevron)         (Exmouth Sub)
                            WD 2438m
                            Capacity 9144m
                            ABS Maltise Cross A1


MAERSK                      NANHAI 6               ENFIELD PROJECT   WA-28-L         WANAEA-11      WA-11-L
CONTRACTORS                 Semisub                (Woodside)        (Carnarvon)     (Woodside)     (Carnarvon)
Level 1                     WD 457m
1 Preston St                Capacity 7620m
COMO WA 6152
Tel: (08) 6436 1400         KAN TAN-4              TREFOIL-2         TAS-18-P        ROCKHOPPER-1   TAS-18-P
Martin Flojgaard            Semisub                (Origin)          (Bass)          (Origin)       (Bass)
Drilling Manager            WD 609.6m
RIG MOVES
Offshore cont’d
CONTRACTOR                 RIG                 WELL               PERMIT          NEXT WELL          PERMIT
                                               (Operator)         Basin           (Operator)         Basin

SONGA OFFSHORE             SONGA VENUS         OLIVER-2           AC-P-33         BRAVEHEART-1       WA-332-P &
677 Murray Street          Semisub             (Stuart)           (Timor)         (Hawkestone Oil)   WA-333-P
WEST PERTH, WA 6005        WD 457m                                                                   (Browse)
Tel: (08) 6311 4300        Capacity 7620m
Fax: (08) 9322 7763        F&G L-900
Bill Stibbs
Rig Manager Songa Venus    SONGA MERCUR        LORÈ-1             JPDA06-103      LOLOTOE-1          JPDA06-103
                           Semisub             (Oilex)            (Timor Sea)     (Oilex)            (Timor Sea)
                           WD 366m
                           Capacity 7620m
                           F&G 9500


STENA DRILLING             STENA CLYDE         Dampier            Rig repairs     CONISTON-5         WA-35-L
Greenbank Crescent         Semisub                                                (Apache)           (Carnarvon)
East Tullos Aberdeen       WD 503m
UK AB12 3BG                Capacity 7620m
Tel: +44 1224 401180       Aker H-3
Fax: +44 1224 401182


SEADRILL MANAGEMENT        WEST ATLAS          MONTARA DEV        AC-L-7          Unavailable
10 Hoe Chiang Road         Jackup              (PTTEP)            (Vulcan Sub)
#18-01 Keppel Towers       WD 122m
SINGAPORE 089315           Capacity 9144m
Tel: (+65) 6411 5000       KFELS Mod V-8
Fax: (+65) 6222 9725
                           WEST TRITON         MONTARA DEV        AC-L-7
                           Jackup              (PTTEP)            (Vulcan Sub)
                           WD 114m
                           Capacity 9144m


TRANSOCEAN INC             JACK BATES          HIJINX-1           WA-390-P
220 St Georges Terrace     Semisub             (Hess)             (Exmouth Sub)
PERTH WA                   WD 1645m
Tel: (08) 9213 3700        Capacity 9144m
Fax: (08) 9213 3777        Friede & Goldman
Jakarta: 62 21 529 92020   L-1020
Kenny Brown
Rig Manager (T. Legend)    TRANSOCEAN LEGEND   POSEIDON-2         WA-398-P        LION-1             WA-398-P
Matt Lion                  Semisub             (ConocoPhillips)   (Browse)        (ConocoPhillips)   (Browse)
Rig Manager (Jack Bates)   WD 1067m
                           Capacity 7620m




                                                                                                             Page 21
RIG MOVES
Onshore
CONTRACTOR                RIG   TYPE        CAP DP       RIG    MUD BOP         MAST         ROT WELL                 NEXT WELL
                                            m   "        hp     bbls "xpsi      Lbs(x1000"

                                                   3/8                    1/6
BJ SERVICES          1          Hydra-rig     3048 2     -      200   7        100           -     On Standby
15 Catalano Rd                  Coiled tubing                         x 10,000                     Woodside
CANNING VALE WA 6155            unit                                                               Karratha
Tel: (08) 9455 6122
Fax: (08) 9455 6133
Dion Southwell       2                                                                             Available
Operations Manager                                                                                 Roma



MB CENTURY                3     Ideco       3000 4½      580    764   13-5/8    358          23    FURY-1             AIRACOBRA-1
Head Office                     BIR 7585                              x 5000                       Vic Pet            Vic Pet
51 Fulcrum St                   H44C                                                               PEL-115            PEL-115
RICHLANDS QLD 4077                                                                                 (Cooper)           (Cooper)
Tel: (07) 3718 4444
                                                   1/2
Fax: (07) 3718 4422       7     Cooper      3000 4       750    500   13-5/8    338          23    MOONIE-42          MOONIE-43
Darren Thompson                 LTO 750                               x 5000                       Santos             Santos
Australian Operations                                                                              PL-1               PL-1
Manager                                                                                            (Surat)            (Surat)


New Zealand Office        16    Skytop      3350 3½      400    450   7-1/6     200          17½   Stacked
166 Karetoto Rd                 Brewster                              x 5000                       New Zealand
WAIRAKEI TAUPO NZ               RR550
Tel: 647 374 8899
Fax: 647 374 8508
Peter Kingham             27    Midcontinent 4420 5      1200   1600 13-5/8     750          27½   ONGOING
Drilling Manager                U-712-EA                             x 5000                        Contact Energy
                                                                                                   (Wairakei Field)
                                                                                                   New Zealand


DRILLING CONTRACTORS 7          ADS 1500    1500 8½”     -      -     -         -            -     Water Wells        BEE EATER-1
OF AUSTRALIA                                                                                                          Empire Oil
29 Lenori Road                                                                                                        EP-359
GOOSEBERRY HILL WA 6076                                                                                               (Carnarvon)
Tel: (08) 9293 4570
Fax: (08) 9257 1612
Trevor Iley


ANCON DRILLING            1                              600                    400                Stacked            Under Negotiation
3/36 bridge St
KORUMBURRA VIC 3951
Ashley Peters
Tel: (03) 5658 1433
Fax: (03) 5658 1445       2                                                                        Stacked


                          6                                                                        Stacked            Under Negotiation




HUNT ENERGY AND           2     Supermac     2200 4 ½    500    600   11        300          17½   WOMBAT-4           CO2CRC
MINERAL COMPANY                 400                                   x3000                        Lakes              Carbon storage
15 Scarborough Way                                                                                 PEP-157            pilot well
LONSDALE SA 5160                                                                                   (Gippsland)        (Otway)
Tel: (08) 8322 7511
Fax: (08) 8322 7533       3     TSM          2300 4 ½    475    450   11        -            17½   WESTWOOD-1         OEH optional
Larry Werecky                   6000                                  x3000                        OEH                wells (2)
General Manager                                                                                    SEL-5-05           SEL-5-05
                                                                                                   (Tasmania)         (Tasmania)
RIG MOVES
Onshore cont’d
CONTRACTOR                  RIG     TYPE           CAP    DP   RIG   MUD    BOP     MAST        ROT   WELL                NEXT WELL
                                                   m      "    hp    bbls   "xpsi   Lbs(x1000)"

INTEROIL                    2       Loadmaster     3999   -    700    -     11       330        20½ ANTELOPE-2            ANTELOPE-3
Level 2, Orchid Plaza               Rig                                     x5000                   InterOil              InterOil
79-87 Abbott Street                 systems                                                         PPL-237               PPL-237
CAIRNS QLD 4870                     Heliportable                                                    (Papuan)              (Papuan)
(07) 4046 4600
Gerry Gilbert
General Manager E&P


ENSIGN NTERNATIONAL 18              Ideco          3050   4½   750   680    11     358         27½    IPUNDU NTH-13
ENERGY SERVICES                     H725                                    x 5000                    Santos
15-17 Westport Road                                                                                   PL-52
ELIZABETH W SA 5113                                                                                   (Cooper)

Tel: (08) 8255 3011
Fax: (08) 8252 0272         20      Kremco         2286   4½   600   600    11     270         17½    Wait on location
John Bushell                        K-600-H                                 x 5000                    BERWYNDALE
Vice President                                                                                        BG/QGC
International Marketing                                                                               PL-201
                                                                                                      (Surat)

                            30      Ideco    3352         4½   750   654    13-5/8 365         23     CARTMAN-1           ONGOING
                                    H-725-E-                                x 3000                    Santos              Santos
                                    SCR                                                               PEL-114
                                                                                                      (Cooper)

                            32      National       3657   4    800   716    11     420         20½    Mobilising          DULLINGARI-36 DW1
                                    610E                                    x 5000                                        Santos
                                    SCR                                                                                   PPL-12
                                                                                                                          (Eromanga)

                            34      Cabot    1981         4½   500   392    11     180         17½    Waiting on          ONGOING
                                    1287-TD-                                x 3000                    new location        BG/QGC
                                    SCR


                            48      Dreco          2000   -    400   302    11     200         17 ½ Twenty Mile Creek-1
                                    D400                                    x 3000                  Origin



                            50      ADR            1300   4    750   220    -       100        17 ½ TALINGA-53            ONGOING
                                    100                                                             Origin                Origin
                                                                                                    PL-226
                                                                                                    (Surat)

                            58      ADR            1300   4    599   220    -       100        17 ½ GILBERTGULLY-5J CSG program
                                    100                                                             Origin          Origin
                                                                                                    ATP-633-P
                                                                                                    (Eromanga)

                            W/O5    Franks    4500        -    450   300    7-1/16 215         --     Mobilising          JINGEMIA-12
                                    Cabot 300                               x 5000                                        Origin
                                                                                                                          L-14
                                                                                                                          (Perth)
                            W/044   Cooper         3048   -    236   300    7-1/16 150                Stacked
                                    LTO-250                                 x 5000



ENSIGN INTERNATIONAL        19      Kremco         2590   4½   600   800    13.5/8 300         17½    Prepare to          KAPUNI FIELD
ENERGY SERVICES NZ                  K-600-H                                 x 5000                    mobilise            STOS
Lot 50 De Havilland Drive
Bell Block
NEW PLYMOUTH NZ
Tel: (06) 755 1261          W/O6                                                                      Stacked
Fax: (06) 755 1865
Operations Manager
Gerry West
Asia and NZ




                                                                                                                                Page 23
RIG MOVES
Onshore cont’d
CONTRACTOR           RIG      TYPE    CAP    DP   RIG   MUD    BOP     MAST          ROT   WELL                NEXT WELL
                                      m      "    hp    bbls   "xpsi   Lbs(x1000)"

A.J LUCAS COAL       DRS059 Top End 800      4½   750   300    9     100             15    MORANBAH GAS
TECHNOLOGY PTY LTD          Drive                              x3000                       PROJECT
112 Ebbern St                                                                              Arrow
DARRA, QLD 4076                                                                            PL-223
P.O Box 869,                                                                               (Bowen)
MT OMMANEY, QLD 4074
Tel: (07) 3363 7333  DRS065 UDR 1200 1500    3    315   -      -       -             top MORANBAH GAS PROJECT
Fax: (07) 3363 7399                                                                  drive Arrow
Brett Tredinnick                                                                           PL-223
Operation Manager                                                                          (Bowen)
Denis O’Brien
General manager      DRS026 G55                                                            DEWHURST-18H
                                                                                           Eastern Star
                                                                                           PEL-238
                                                                                           (Gunnedah)

                     DRS056 G55                                                            CAMDEN PROJECT
                                                                                           AGL
                                                                                           -
                                                                                           (Sydney)


                     DRS060                                                                Mobilising          ONGOING
                                                                                                               Santos



                     DRS084 G55       -      -    -     -      -       -             -     MORANBAH GAS
                                                                                           PROJECT
                                                                                           Arrow
                                                                                           PL-223
                                                                                           (Bowen)


                     DRS085 Top End   2000   3½   600   65     11    220             23    KINGFISHER-E1
                            Drive                              x3000                       Metgasco
                                                                                           PEL-16
                                                                                           (Clarence-Morton)

                     DRS086 Soilmec-G 2000   3½   650   300    11    -               top Mobilising            ONGOING
                            G-102.3                            x3000                 drive                     Santos



                     DRS087 Drillmac 2500    4    660   -      2     -               top LUCKY GULLY-8J ONGOING
                            HH 10207                           X3000                 drive Origin       Origin
                                                                                           ATP-606-P
                                                                                           (Surat)

                     DRS097                                                                KANAKA-1
                                                                                           Blue Energy
                                                                                           ATP-813-P
                                                                                           (Galilee)

                     DRS098                                                                STRATHEDEN PROJECT
                                                                                           Arrow
                                                                                           PL-252
                                                                                           (Surat)
RIG MOVES
Onshore cont’d
CONTRACTOR                 RIG   TYPE       CAP    DP      RIG MUD      BOP     MAST        ROT WELL                      NEXT WELL
                                            m      "       hp  bbls     "xpsi   Lbs(x1000)"

OIL SEARCH LIMITED         103   Heli-Rig   3500   5- ½”   1500         13-5/8 750        27-½” Stacked                   WASUMA-1
Level 27, Angel Place                                                                                Moro                 Oil Search
123 Pitt Street                                                                                                           PPL-219
SYDNEY NSW 2000                                                                                                           (Papuan)
Tel: (02) 8207 8400
Fax: (02) 8207 8500        104   Heli-Rig   3500   5- ½”   1500         13-5/8 750        27-½” ADT2 ST1
Chris Fraser                                                                                         Oil Search
PNG Drilling Manager                                                                                 PDL-2
                                                                                                     (Papuan)


PARKER DRILLING (NZ)
58 Corbett Road            246   Gardner    6000   --      1500 2000    13-3/8 1350       37½        GEOTHERMAL
BELL BLOCK NZ                                                                                        Mighty River Power
Tel: (646) 755 9034              Denver                                 x 10000                      (until 2010/11)
Fax: (646) 755 0890              15000
Gordon Bourne
                                                                                               1/2
Operations Manager         188   OIME       7300   5       2400 1800    15-5/8 -          27         MANGAHEWA-6          WAITUI-1
                                 TBA 2400                               x10000                       Todd                 Todd
                                                                                                     PMP-38150            PEP-51156
                                                                                                     (Taranaki)           (Taranaki)


WEATHERFORD DRILLING 826         Ideal      4500           1500                                      GINGIN WEST-1
INTERNATIONAL AUS                                                                                    Empire
6 Lafitte St,                                                                                        EP-389
Wingfield, SA 5013                                                                                   (Perth)
Tel: (08) 8168 2900
Fax: (08) 8168 2999        828              4000           2000                                      PARALANA-2           SALAMANDER-1
Mob: 0447 799 931                                                                                    Petratherm           Panax
Steven Ford                                                                                          GEL-156              GEL-223
Country Manager                                                                                      (Arrowie)            (Otway)


AUSTRALIAN DRILLING        6     Kremco     3000   4       620    800   11                           Unavailable
SERVICES                         K-650T                                 x5000                        Qld
55 Desailly St
SALE VIC 3850
Tel: (03) 5144 3717
Fax: (03) 5144 2265
Wally Westman
Drilling Manager


DYNAMIC DRILLING            17   Bourne     1500   3½      450    -     -       -         -          BLACKWATER
Cooper St Industrial Estate      2000 THD                                                            FIELD
CHINCHILLA QLD 4413                                                                                  Bow
Tel: (07) 4672 9400                                                                                  ATP-1025-P
Fax: (07) 4622 8566                                                                                  (Bowen)
John Dingley
CEO


JOHNSON BORES PTY LTD      5     -          600    -       -      -     -       -         -          TIPTON DEV           ONGOING
‘Essandjay’                                                                                          Arrow                Arrow
Warrego Highway                                                                                      PL-198
ROMA QLD 4455                                                                                        (Surat)
Tel: (07) 4622 2543
Fax: (07) 4622 3566
Rick Johnson




                                                                                                                                Page 25
CURRENT SEISMIC
Offshore
CLIENT                  CONTRACTOR             WHERE                     START      STATUS
(Survey Name)           (Vessel)
                                                                                                 2
ConocoPhillips          CGGVeritas             WA-314-P, WA-315-P,       Oct 4      35% of 2800km 3D
(Poseidon 3D)           (Geowave Voyager)      WA-398-P                             On Nov 19
                                               (Browse)


                                                                                         2
Sinopec                 CGGVeritas             NT-P-76                   Oct 7      500km 3D completed
(Panda West Block 3D)   (CGGVeritas Voyager)   (Bonaparte)                          ~Nov 13



                                                                                             2
Woodside                WesternGeco            WA-434-P, into WA-364-P   Oct 20     3710km 3D
(Claudius 3D)           (Eagle)                (Exmouth-Sub)                        continuing



Searcher Seismic        SeaBird                WA-385-P and vacant       Nov 6      32% of 3500km 2D
(Acheron Non            (Aquila Explorer)      acreage                              On Nov 17
exclusive 2D)                                  (Carnarvon)


Reliance                PGS                    WA-405-P                  Late Nov   1484km and 234km
(-)                     (Beaufort Explorer)    (Bonaparte)                          2D scheduled



Crown Minerals          Reflect Seismic        Vacant Acreage            Nov 13     2000-3000km 2D
(-)                     (Bergen Resolution)    (Pegasus)                            started
CURRENT SEISMIC
Onshore
CLIENT            CONTRACTOR     WHERE        START    STATUS
(Survey Name)     (Crew)
                                                                     2
Beach             Terrex         ATP-633-P    Oct 22   54.8% of 280km 3D
(Abacus 3D)       (Crew 402)     (Eromanga)            On Nov 18



                                                            2
Rawson            Velseis        ATP-837-P    Oct 23   200km 3D continuing
(Sedgley 3D)      (Envirovibe)   (Surat)


Geoscience Aust   Terrex         (-)          Nov 13   33% of 267km 2D
(Murray Basin     (Crew 401)     (Murray)              On Nov 18
Regional 2D)


Oil Search        Unknown        PRL-9        Nov 9    60km 2D continuing
(Barikewa 2D)                    (Papuan)




                                                                 Page 27
 SEISMIC MOVES
 Offshore
 CONTRACTOR                         VESSEL     TYPE     SURVEY NAME        PERMIT             NEXT SURVEY           PERMIT
                                                        (Operator)         (Basin)            (Operator)            (Basin)

CGGVeritas                         Geowave    Marine   ConocoPhillips     WA-398-P,WA-315-P Demobilising
Union Industrial Building #06-01   Voyager             (Poseidon 3D)      (Browse)          Sri Lanka
37 Jalan Pimimpin
SINGAPORE 577177
Tel: +65 6890 5447                 CGG        Marine   Mobilising from                       Woodside              W09-1
                                   Veritas             Kupang                                (CGGVeritas 2009      (Browse)
                                   Voyager                                                   MSS)


GARDLINE GEOSURVEY                 Ocean     Marine    Available
Unit 2, 22 Blackly Row             Endeavour
COCKBURN CENTRAL WA 6164
Tel: (08) 9499 6800
Fax: (08) 9499 6899
Simon Redford
Regional Manager Aus/SE Asia


PGS                                Beaufort   Marine   Mobilising                            Reliance              WA-405-P
Level 4 IBM Centre                 Explorer                                                  (-)                   (Bonaparte)
1060 Hay Street
WEST PERTH WA 6005
Tel: (08) 9320 9000
Fax: (08) 9320 9010


FUGRO SURVEY                       Geo        Marine   Darwin                                Zeemeermin MC3D WA-423-P + vacant
Hydrographic House                 Atlantic                                                  (Fugro Multi Client acreage
PERTH WA 6021                                                                                Services)           (Browse)
Tel: (08) 9344 7166
Fax: (08) 9344 8783                Geo        Marine   Unavailable                           Eendracht MC3D        Multi Permit
                                   Celtic                                                    (Fugro Multi Client   (Carnarvon)
                                                                                             Services)


BERGEN OILFIELD                    BOS        Marine   Mobilising                            South America
SERVICES                           Atlantic
103 Beach Road
Premier Centre
SINGAPORE 189701
Tel: +6563342267
Omar Kulbrandstad
V/P Asia Pacific


SEABIRD EXPLORATION                Aquila     Marine   Searcher Seismic   WA-385-P and
LTD                                Explorer            (Acheron Non       vacant acreage
Asia Pacific Region                                    exclusive 2D)      (Carnarvon)
Singapore Office
Tel +65 9180 2605
Fax +65 6258 4120
 SEISMIC MOVES
 Offshore cont’d
 CONTRACTOR               VESSEL       TYPE     SURVEY NAME      PERMIT              NEXT SURVEY   PERMIT
                                                (Operator)       (Basin)             (Operator)    (Basin)

WesternGeco              Eagle        Marine   Woodside         WA-364-P, WA-434-P
Level 5                                        (Claudius)       (Exmouth sub)
256 St Georges Tce
PERTH WA 6021
Tel: (08) 9420 4801
Fax: (08) 9420 4600
Ryan Taylor-Walshe
Multiclient Operations
Manager


Reflect Geophysical      Bergen       Marine   Crown Minerals   Vacant Acreage
Gateway East             Resolution            (-)              (Pegasus Basin)
125 Beach Rd
SINGAPORE
Tel: +65 6827 9771
David Lamb
CEO




                                                                                                             Page 29
SEISMIC MOVES
Onshore
CONTRACTOR              CREW      TYPE         SURVEY NAME       PERMIT       NEXT SURVEY      PERMIT
                                               (Operator)        (Basin)      (Operator)       (Basin)

TERREX SEISMIC          401       Envirovibe   Geoscience Aust   (-)
Unit 2, 37 Howson Way                          (Murray Basin     (Murray)
BIBRA LAKE WA 6163                             Regional 2D)
Tel: (08) 94344388
Fax: (08) 9458 6755
Steve Tobin             402       Vibroseis    Beach             ATP-633-P    Beach            PEL-92
Managing Director                              (Abacus 3D)       (Eromanga)   (Calpurnus 3D)   (Cooper)



                        403       Vibroseis    Shut down                      Coal Survey
                                                                              (QCC)



                        404       Vibroseis    Shut down



VELSEIS              Envirovibe                Rawson            ATP-837-P
83 Jijaws Street                               (Sedgley 3D)      (Surat)
SUMNER PARK QLD 4074
Tel: (07) 3376 5544
Fax: (07) 3376 6939
Mike Reveleigh
Operations Manager
PLANNED SEISMIC
Offshore
CLIENT                 CONTRACTOR            WHERE                        START      STATUS
(Survey Name)          (Vessel)

Enovation              SeaBird               WA-379-P                     Dec        4600km 2D scheduled
(Bremer Basin 2D)      (Aquila Explorer)     WA-380-P
                                             (Bremer-Sub)


                                                                                          2
Essar E+P              Uncontracted          NT-P-78                      From Sep   750km 3D scheduled
(-)                                          (Bonaparte)                  2010


                                                                                          2
Essar E+P              Uncontracted          NT-P-77                      From Sep   950km 3D scheduled
(-)                                          (Bonaparte)                  2010


Gulf Energy            Unknown               Q23-P                        Unknown    2266km 2D scheduled
(-)                                          (Gulf of Carpentaria)



                                                                                              2
Fugro Multi client     Uncontracted          AC-P-21, AC-P-22, AC-P-34,   Mar 2010   6280km 3D scheduled
(Cartier MC 3D)                              AC-P-45, AC-P-46, AC-L-6.
                                             (Vulcan Sub)


                                                                                          2
Holloman               Uncontracted          VIC-P-60                     Unknown    120km 3D scheduled
(-)                                          (Gippsland)



Karoon                 Uncontracted          JPDA06-105                   Unknown    61km 2D CSEM survey
(-)                                          AC-P-8
                                             (Timor Sea)


                                                                                              2
Fugro Multi client     Fugro                 WA-423-P, W09-4, W09-5       Mid Nov    1400km 3D scheduled
(Zeemeermin MC3D)      Geo Atlantic          (Browse)



                                                                                          2
Fugro Multi Client     Uncontracted          AC-P-52                      Mid Nov    500km 3D scheduled
(Cartier West MC 3D)                         (Vulcan Sub)



                                                                                              2
Oil Search             Uncontracted          (-)                          Unknown    3000km 3D scheduled
(-)                                          (Papuan)



                                                                                              2
Reliance               Uncontracted          WA-405-P                     Oct-Jan    +400km 3D scheduled
(-)                                          (Bonaparte)


Crown Minerals         Reflect Seismic       Vacant Acreage               Dec        2000-3000km 2D scheduled
(-)                    (Bergen Resolution)   (Great South)




                                                                                                           Page 31
PLANNED SEISMIC
Offshore Cont’d
CLIENT                        CONTRACTOR             WHERE                     START      STATUS
(Survey Name)                 (Vessel)

PGS                           PGS                    Multi permit              Late Dec   6500km 2D scheduled
(-)                           (Beaufort Explorer)    (Bonaparte Basin, Timor
                                                     and Arafura Sea)


Woodside                      CGGVeritas             W09-1                     Nov 22     2D scheduled
(CGGVeritas 2009 MSS)         (CGGVeritas Voyager)   (Browse)


                                                                                                 2
Enquest                       Uncontracted           TAS-41-P                  Dec        1450km 3D scheduled
(Seboa)                                              VIC-P-60
                                                     (Gippsland)


                                                                                                         2
Fugro Multi Client Services   Fugro                  WO8-18, WO8-19,           Dec 15     41% of 8500km 3D
(Eendracht)                   (Geo Celtic)           WO8-20, WA-2-R,                      Suspended.
                                                     WA-255-P, WA-290-P,                  Due to resume on
                                                     WA-322-P, WA-335-P,                  approximately Dec 15.
                                                     WA-351-P
                                                     (Carnarvon)
PLANNED SEISMIC
Onshore

CLIENT             CONTRACTOR     WHERE          START     STATUS
(Survey Name)      (Crew)


Rawson             Uncontracted   EP-97          Unknown   100km 2D scheduled
(-)                               (Pedirka)


Holloman           Terrex         PEL-444        Mid Feb   250km 2D scheduled in PEL-444
                                                                2
(-)                (Crew 402)     PEL-112                  200km 3D scheduled in PEL-112
                                  (Cooper)


Central            Terrex         Multi Permit   Jan 5     1380km 2D scheduled
(-)                (Crew 403)     (Amadeus)



                                                               2
Beach              Terrex         ATP-269-P      Feb       65km 3D scheduled
(Perigian 3D)      (Crew 402)     (Eromanga)



                                                               2
AGL                Velseis        PEL-285        Dec       50km 3D scheduled
(-)                (Envirovibe)   (Gloucester)


                                                               2
Bass Strait        Unknown        PEP-167        Jan       40km 3D scheduled
(Windermere 3D)                   (Otway)



                                                               2
Beach              Terrex         PEL-92         Dec 2     90km 3D scheduled
(Calpurnus 3D)     (Crew 402)     (Cooper)


L&M Petroleum      Southern       PEP-51151      Feb       50km 2D scheduled
(Alton 2D)         Geophysical    (Taranaki)



Eastern Star Gas   Uncontracted   PEL-433        Jan 5     100km 2D scheduled
(Cobbora 2D)                      (Gunnedah)


                                                                    2
Latent             Terrex         EP-407         May       150-160km 3D scheduled
(Warro 3D)         (Crew 403)     (Perth)




                                                                                      Page 33
VESSEL MOVES
CONTRACTOR                    VESSEL             BHP     TYPE      OPERATOR         ASSIGNED TO           LOCATION

FARSTAD                       Far Saltire        16300   AH/T/S    Woodside         Atwood Eagle          Dampier
99 Queensbridge Street
SOUTH BANK VIC 3006           Lady Kari-Ann      6960    PSV       Esso             Platforms             Bass Strait
Tel: (03) 9254 1666
Fax: (03) 9245 1655           Lady Grace         5460    PSV       Woodside         NW Shelf              Dampier
Joseph Homsey
Managing Director             Lady Caroline      12240   AH/T/S    Stuart           Songa Venus           Darwin
Dick Hall
General Manager               Far Scandia        6600    PSV       Esso             Platforms             Bass Strait

                              Far Grip           14400   AH/T/S    Apache                                 Darwin

                              Lady Astrid        12240   AH/T /S   Stuart           Songa Venus           Darwin

                              Lady Sandra        1510    AH/T/S    ConocoPhillips   Ensco-104             Darwin

                              Lady Gerda         8660    AH/T/S    PTTEP            West Atlas            Darwin

                              Lady Valisia       12240   AH/T/S    PTTEP            West Atlas            Darwin

                              Far Stream         14500   AH/T/S    Woodside         Nanhai-6              Dampier

                              Far Strait         14500   AH/T/S    Woodside                               Dampier

                              Lady Audrey        12240   AH/T/S    Oilex                                  Dampier

                              Lady Melinda       5450    PSV       ConocoPhillips                         Darwin

                              Far Sky            1400    AH/T/S    Apache                                 Dampier

                              Far Supplier       6600    PSV       Esso                                   Bass Strait

                              Far Scimitar       14500   AH/T/S    Origin           Kan Tan-4             Melbourne

                              Far Fosna          14500   AH/T/S    Origin           Kan Tan-4             Melbourne

                              Far Swan                   PSV       Mobilising       Woodside              Dampier

                              Far Sword          14500   AH/T/S    Hess             Jack Bates            Dampier

                              Far Sound          14500   AH/T/S    Hess             Jack Bates            Dampier


TIDEWATER MARINE              Sam S Allgood      5460    PSV       Woodside         Nan Hai 6             Dampier
AUSTRALIA PTY LTD
Suite 3, 138 Abernethy Road   Wise Tide II                         ConocoPhillips   Transocean Legend Broome
Belmont WA 6104
Tel: (08) 9277 4766           Yeo Tide           7080    AH/T/S    OMV              Ensco-107             New Plymouth
Fax: (08) 9277 9498
Colin Muir                    Sutton Tide        10000   AH/T/S    PCTSL            Ocean Shield (JPDA)   Darwin

                              Allison Tide       10000   AH/T/S    PCTSL            Ocean Shield (JPDA)   Darwin

                              William E Bright   5460    PSV       ConocoPhillips   Ensco 104             Darwin

                              Leonard Tide       10000   AHTS      ConocoPhillips   Ensco 104             Darwin
VESSEL MOVES
CONTRACTOR                  VESSEL                 BHP      TYPE              OPERATOR       ASSIGNED TO       LOCATION

GO MARINE GROUP             Havila Harmony         10191    IMAR              TSMarine       Woodside          NWS
Suite 4, Level 5
85 the Esplanade            Toisa Solitaire        7909     PSV               GO MARINE      Stena Clyde       NWS
SOUTH PERTH WA 6151
Tel: (08) 9474 3600         Ark Sydney             3840     AHTS              GO MARINE      Roc Oil           Bass Strait
Fax: (08) 9474 3677
Brad George                 Sanco Chaser           3000     Seismic Support   CGGVeritas     Geowave Voyager   Timor Sea
Crewing Service Enquiries
                            Geowave Voyager                 Seismic           CGGVeritas     ConocoPhillips    Timor Sea

                            GO ACAMAR              5150     AHTS              GO MARINE      Various           Singapore

                            Rem Etive              10100    DSV               TSMarine       Woodside          Transit

                            Toisa Dauntless        12000    AHTS              GO MARINE      AGR               Timor Sea

                            GO EMERALD             2800     Chase             GO MARINE      Geowave Voyager Timor Sea

                            Aquila Explorer                 Seismic           Seabird        Searcher Seismic NWS

                            Neptune Trident                 AH/T/S            GO MARINE      Various           SE Asia


MERMAID MARINE              Mermaid Commando       1040     Tug               BHP                              Dampier
AUSTRALIA PTY LTD
Mermaid Supply Base         Mermaid Chieftain      900      AH/T/S            Various/spot                     Dampier
DAMPIER WA 6713
                            Mermaid Arrow          800      Oilspill          Unavailable                      Dampier
Fremantle Office
Eagle Jetty                 Mermaid Raider         500      Rig Tender        Woodside                         Dampier
20 Mews Road
FREMANTLE WA 6160           Mermaid Achiever       2000     Utility           Woodside                         Dampier
Tel:(08) 9431 7431
Fax:(08) 9431 7432          Mermaid Titan          800      Tug               Drydock                          Dampier
Sean Smith
Chartering Manager          Mermaid Carver         3500     Tug               Available                        Dampier

                            Mermaid Storm                                     Santos                           Dampier

                            Mermaid Guardian                                  Drydock                          Bali/Port Headland


                            Mermaid Investigator                              Apache                           Dampier

                            Mermaid Constructor             Barge             Available                        Dampier

                            Mermaid Endeavour      4000     Tug               Available                        Dampier

                            Mermaid Resource       2300     Fast Response Chevron                              Thevenard Island

                            Mermaid Provider       2x2000   Supply/Chase      Woodside                         Dampier

                            Mermaid Searcher                Supply            BHP                              Dampier

                            Mermaid Supporter      4000     OSV               Allseas                          Dampier

                            Mermaid Sentinel       4000     AH/T/S            BHP                              Dampier

                            Mermaid Sound                   Support/Supply Woodside                            Dampier

                            Maritime Dawn                   Barge             Allseas                          Dampier

                            Maritime Falcon                 Barge             Allseas                          Dampier

                            Mermaid Vision         8000     AH/T/S            McDermott                        Batam




                                                                                                                      Page 35
VESSEL MOVES
CONTRACTOR                    VESSEL               BHP     TYPE          OPERATOR           ASSIGNED TO LOCATION
SVITZER OFFSHORE              Biggada              800     Supply        Available                             Fremantle
PTY LTD
17 Mews Road                  Blue Bulla           900     Workboat      Available                             Fremantle
FREMANTLE WA 6160
Tel: (08) 9335 8444           Osprey               940     Support       Total AMS                             Cape Preston
Fax: (08) 9335 3286
Alistair Fraser               Karawa II            570     Landing       Toll                                  Dampier
General Manager
                              Stirling Supply              Barge         BP                                    Fremantle

                              Stirling Skate       800     Tug           Available                             Fremantle

                              Wyola                2600    Tug           Apache                                Varanus Island

                              Latrobe              2000    Tug           Portman Iron Ore                      Cockatoo Island

                              Karinya              570     Landing Barge Toll                                  Dampier

                              Pelsaert             2350    Tug           Total AMS                             Cape Preston

                              Svitzer Doolja               Barge         Mt Gibson Iron                        Koolan Island

                              Kembla-2                     Tug           Mt Gibson Iron                        Koolan Island

                              Challenger                   Tug           Mt Gibson Iron                        Koolan Island

                              Maersk Server        21000   AH/T/S        Woodside                              Dampier

                              Maersk Supporter             AH/T/S        Chevron                               Dampier

                              Maersk Searcher      23480   AH/T/S        Woodside                              Dampier

                              Maersk Promoter              AH/T/S        Chevron                               Dampier


SWIRE PACIFIC                 Pacific Wrestler     10800   AH/T/S        BHP                Ocean Epoch        Dampier
OFFSHORE PTY LTD
Queensgate Centre             Pacific Chieftain    6000    AH/T/S        STOS                                  New Plymouth
Cnr Newman & William Street
FREMANTLE WA 6160             Pacific Wrangler     10800   AH/T/S        BHP                Ocean Epoch        Dampier
Tel: (08) 9430 5434
Fax: (08) 9430 7849           Pacific Protector    4285    AH/T/S        PTTEP                                 Darwin
Duncan Telfer
General Manager               Pacific Warlock      10800   AH/T/S        OMV                Ensco-107          New Plymouth

                              Pacific Valkyrie     8810    AH/T/S        BHP                Ocean Epoch        Dampier

                              Pacific Battler      12240   AH/T/S        PTTEP                                 Darwin

                              Pacific Challenger   8420    AH/T/S        PTTEP              Java Constructor   Darwin

                              Pacific Buccaneer    12240   AH/T/S        McDermott                             Pluto

                              Pacific Ariki        8000    AH/T/S        McDermott                             Pluto

                              Pacific Pickle       4285    AH/T/S        McDermott                             Pluto

                              Pacific Runner       8400    AH/T/S        McDermott                             Pluto

                              Pacific Worker       10800   AH/T/S        Woodside           Songa Mercur       Dampier
VESSEL MOVES
CONTRACTOR            VESSEL              BHP     TYPE          OPERATOR             ASSIGNED TO LOCATION

OFFSHORE MARINE       Rockwater 2         10300   DSV           Subsea 7                          Singapore
SERVICES
Marine House          FPSO Front Puffin           FPSO          Rubicon                           Singapore
11 First Avenue
APPLECROSS WA 6151    Nor Captain         10880   AH/T/SV       PTTEP                West Atlas   Timor Sea
Tel: (08) 6310 5600
Fax: (08) 6310 5666   Nor Australis       5500    DSV           Woodside                          NW Shelf
Ian Del Rosso
General Manager       OMS Endurance       5000    AH/T/SV       PTTEP/Woodside                    Timor Sea

                      OMS Terra Nova      5000    AH/T/SV       BHP Billiton                      NW Shelf

                      OMS Discovery       4750    Supply        WesternGeco                       NW Shelf

                      OMS Quest           5000    Supply        CGG Veritas                       International

                      OMS Resolution      3500    PSV           CGG Veritas                       International

                      Cassandra 5         5000    Supply        CGG Veritas                       International

                      Jaya Mermaid 3      5000    Supply        CGG Veritas                       International

                      Tourmaline          12000   AH/T/SV       Woodside                          NW Shelf

                      Pearl               12000   AH/T/SV       ConocoPhillips                    Timor Sea

                      Coral               12000   AH/T/SV       ConocoPhillips                    Timor Sea

                      Sea Witch           5450    PSV           Woodside                          NW Shelf

                      Geo Atlantic        11500   Seismic       CG Reiber Shipping                NW Shelf

                      Hako Excel          5150    Supply        Hako Offshore                     Singapore

                      Hako Jewel          10800   AH/T/SV       Hako Offshore                     Timor Sea

                      Jascon-25           15000   Pipelay       Sea Trucks                        Pyrenees

                      Leonardo Da Vinci   25000   Dredge        Jan de Nul                        Port Hedland

                      DN150                       Dredge        Jan de Nul                        Port Hedland

                      Marco Polo                  Dredge        Jan de Nul                        Sydney

                      La Boudeuse                 Rock Dumper   Jan de Nul                        Dampier

                      Poftnick Yakeloev           Black Exc     Jan de Nul                        Port Hedland

                      Le Sphinx                   Dredge        Jan de Nul                        Port Hedland

                      Pompei                      Rock Dumper   Jan de Nul                        NW Shelf

                      L’Etoile                    Hopper        Jan de Nul                        Port Hedland

                      Polar Bjorn                 Accomm        GC Reiber                         Bass Strait

                      Beaufort Explorer           Seismic       GC Reiber                         Singapore

                      Seven Navica                Pipelay       Subsea 7                          Singapore




                                                                                                           Page 37
VESSEL MOVES
CONTRACTOR                VESSEL               BHP       TYPE              OPERATOR        ASSIGNED TO LOCATION

OFFSHORE MARINE           Geco Eagle                     Seismic           WesternGeco                        NW Shelf
SERVICES
Cont’d                    Komata                         Ocean Tug         Chevron                            Gorgon

                          Malu Explorer        800       LCT               Chevron                            Gorgon

                          OMSA Ningaui                   LCT               Chevron                            Gorgon

                          Kaituna                        Ocean Tug         Chevron                            Gorgon

                          PB Gibson                      Ocean Tug         Chevron                            Gorgon

                          Christian                      Push Tug          Chevron                            Gorgon

                          Moin                           Push Tug          Chevron                            Gorgon


TOTAL MARINE SERVICES     Lewek Swift          12300     AHTS              Beach           Ocean patriot      Bass Strait
PTY LTD
1 Pensioner Guard Road    Lewek Emerald        11000     AHTS              Beach           Ocean patriot      Bass Strait
NTH FREMANTLE WA 6159
Tel: (08) 9432 0000       Lamnalco Mallard     7375      AHTS              Lamnalco        Java Constructor   Timor sea
Fax: (08) 9432 0011
Glenn Triggs              Four Vanguard        12600     FPSO              AFM             Woolybutt          NW Shelf
Chief Executive Officer
                          Geosea               6581      DVS               DOF Subsea      Pyrenees           NW Shelf

                          Geobay               8050      ROV               DOF Subsea      BMG                Bass Strait

                          Audacia              52500     Pipelay           Allseas         Pluto              NW Shelf

                          Tog Mor              N/A       Pipelay           Allseas         Pluto              NW Shelf

                          Highland Navigator   9600      ROV               Gulf Offshore   Pluto              NW Shelf

                          Spliethoff           Various   Pipe Carrier      Allseas         Pluto              NW Shelf

                          Toisa Proteus        14375     Construction      Acergy          Pyrenees           Exmouth

                          Seisquest            4733      Seismic           Fugro Geoteam   Multi Client       Timor Sea

                          Tanux 1              4733      Seismic Support   Fugro Geoteam   Seisquest          Timor Sea

                          Markab               3200      Geotechnical      Fugro Survey    Multi Client       Australasia

                          Hako Jilliun         10800     AHTS              Hako Offshore   PTTEP AA           Timor Sea
CURRENT WELLS
International
WELL NAME         AUST             PTD     SETTING                 TARGET                        STATUS
                  EQUITY%
                  (*Operator)

BAGGETT 33-1      Austex           777m    Tulsa County            Step out well to the SE       (Nov 16) 741m cased for
                  (100.00)                 Oklahoma                of Mayo Moore-1               Production with shows


CROSBY 31-11-1    Pryme            2438m   Four Rivers Project     Saukum Field prospect         (Nov 16) Spudded
                  (25.00)                  Louisiana


CALIPH-1          Oil Search       4700m   Area 18                 Potential reserves in         (Nov 19) TD 4663m P&A
                  (30.00)                  Offshore Libya          excess of 1 billion barrels   following unsuccessful
                                                                   of oil equivalent.            fishing attempts


CASTANHA-1        Roc              -       Cabinda Onshore South   Targeting a primary           (Nov 17) Spudded
                  (10.00)                  Block                   objective in the pre-salt
                                           Angola                  sequence.


HM BRIAN-1        Pryme            5181m   Atocha Project          Tuscaloosa Sand               (Nov 16) TD 5273m
(Re-entry)        (25.00)                  Louisiana                                             Presence of gas confirmed
                                           USA                                                   Flow testing late this week


MERTA-1           Target (25.00)   4115m   Wharton County          Highway 71 prospect           (Nov 19) 3230m and DA
                                           Texas                   Yegua and Cooktown
                                                                   sands


MAILISU III-6     Caspian                  Mailisu III licence     -                             (Nov 13) 340m and DA
                  (70.00)


ROBIDOUX-13-15T   Entek            -       Moffat County           To test the high rate gas     (Nov 19) 1875m drilling out
                  (55.00)                  Colorado, USA           charged sands and the         cement after logging and
                                                                   hydrocarbon rich              setting 7” casing
                                                                   Mancos and Niobrarra
                                                                   Formations.


SI THEP-2         Carnarvon        1100m   Si Thep Field           Deep volcanic reservoir       (Nov 13) TD 1515m testing
(SI THEP DEEP)    (40.00)                  Onshore Thailand        target within a large         commenced on 9m thick
                                                                   structural closure below      sandstone at 870m
                                                                   shallow producing sands


SMITH-1           Range            4329m   North Chapman Ranch     -                             (Nov 19) TD 4260m
                  (25.00)                  Texas, USA                                            completed for testing




                                                                                                                Page 39
PROSPECTS
Offshore
WELL           Permit        PARTNERS         EQUITY   SETTING
               Basin         (*Operator)        %

BALEEN-1       PEP-11        *Bounty          75.00    1.2TCF prospect in Newcastle sub-basin. Located in 125m of
               Sydney        MEC Resources    25.00    water drilling to PTD 1500-2500m. Likely candidate to be drilled using
                                                       Ocean Patriot before moving onto Roc assignment in May

BANKER-1       WA-390-P      *Hess            100.00   Prospect on floater Jack Bates drilling inventory.
               Exmouth Sub


BARQUE-1       PEP-38259     *Tap             40.00    Estimated target of 5-6 TCF gas and 500mmbls of condensate.
               Taranaki      AWE              25.00    drilled in 2008.
                             Beach            20.00
                             Roc              15.00


BORROWDALE-1   WA-269-P      *Woodside        40.00    Lined up on incoming floater Maersk Explorers schedule.
               Exmouth Sub   Total            40.00
                             MIMI             20.00

BRAVEHEART-1   WA-332-P      *Albers Group    100.00   38 day well to be drilled using the Songa Venus
               WA-333-P
               Carnarvon


CALISTA-1      WA-398-P      ConocoPhillips   60.00    On Transocean Legend’s 09/10 Browse Basin campaign.
               (Browse)      Karoon           40.00

                                                             2
CLOVE-1        TL-2          Apache           51.83    10km Top Malouet dip closure with 50mil bbl upside
               Barrow        Pan Pacific      23.17
                             Santos           15.00
                             Tap              10.00


COTTON-1       VIC-P-41      *Bass Strait     45.00    Potential for 73-106 mil bbls oil from target Halibut subgroup,
               Gippsland     Moby             25.00    shallow objective and deeper Golden Beach level
                             Eagle Bay        17.50
                             Oil Basins       12.50


DACEY-1        WA-302-P      *BHP             100.00   Seismically defined prospect interpreted as possible extension of
               Browse                                  Torosa oilfield.


DEIMOS-1       WA-269-P      *Woodside        40.00    To be drilled using the Atwood Eagle
               Exmouth Sub   Total            40.00
                             MIMI             20.00


DERWENT-1      WA-155-P      BHP              40.00    Possible Coniston/Novara near field candidate for appraisal program
               Exmouth Sub   Apache           31.50
                             Inpex            28.50
PROSPECTS
Offshore cont’d
WELL              Permit        PARTNERS           EQUITY SETTING
                  Basin         (*Operator)         %

DORIEMUS-1        WA-390-P      *Hess             100.00   Prospect on floater Jack Bates drilling inventory.
                  Exmouth Sub

DR ZEUS-1         WA-254-P      *Apache            47.89   Interpreted from seismic data to have the potential for a recoverable
                  Carnarvon     Woodside           24.38   oil target of 11 mil bbls
                                FAR                10.71
                                Sun                 7.86
                                Vic Pet             6.17
                                Pan Pacific         2.99


DUYFKEN-1         WA-398-P      *ConocoPhillips    51.00   Candidate to be drilled using Transocean Legend in 2H 2009
                  Browse        Karoon             49.00



ELATUS-1          WA-34-L       *Woodside          90.00   To be drilled using floater Songa mercur as part of Woodside’s
                  Exmouth       Tokyo Gas           5.00   program.
                                Kansai              5.00


FOSSETMAKER-2     WA-377-P      *Nexus             66.00   Potential for 3 TCF gas and 150 mil bbls condensate. Following
                  Browse        Shell              34.00   up Fossetmaker-1 10 m gas column.


FROG-1            AC-L-6        *Sinopec           60.00   73mil bbls oil-in-place potential.
                  Vulcan        AED Oil            40.00


GRASMERE-1        WA-155-P      *BHP               40.00   Possible Coniston/Novara near field candidate for appraisal program
                  Exmouth Sub   Apache             31.50
                                Inpex              28.50


GUMBO-1           WA-430-P      *Woodside          70.00   To be drilled following Pyxis-1 using Ocean America.
                  Carnarvon     Mitsui             30.00


KORIMAKO-1        PEP-38619     *Origin           100.00   Planned for drilling late 2009. Targeting Miocene and Eocene
                  Northland                                Reservoirs. On Kan Tan-4 schedule


KRONOS-1          WA-314-P      *ConocoPhillips    51.00   Added to Transocean Legend’s Browse Basin drilling inventory
                  Browse        Karoon             49.00   for ConocoPhillips and Karoon.


LION-1            WA-398-P      *ConocoPhillips    60.00   Well added to floater Transocean legend’s Browse Basin
                  (Browse)      Karoon             40.00   campaign. To be drilled in the south of WA-398-P.


LITTLE JOE-1      WA-208-P      *Santos           31.31    Potential oil in place 26 mil bbl from structural trap. 35% of prospect
                  Carnarvon     Apache            34.03    overlaps into WA-254-P.
                                ENI               18.66
                                Beach             10.00
                                Mosaic            6.00


NOBLIGE-1         WA-404-P      *Woodside          50.00   To be drilled to PTD 4050m in 1315m water depth.
                  Exmouth Sub   Hess               50.00




                                                                                                                         Page 41
PROSPECTS
Offshore cont’d
WELL                 Permit        PARTNERS       EQUITY   SETTING

                     Basin         (*Operator)      %

PENGUIN DEEP-1       WA-313-P      *ENI           100.00   To be drilled using the Ocean Shield Jackup
                     Bonaparte


PINNACLE REEF-1      WA-404-P      *Woodside       50.00   Exmouth Sub-Basin prospect
                     Exmouth Sub   Hess            50.00


PYXIS-1              WA-34-L       *Woodside       50.00   Exmouth Sub-Basin prospect just to the North of Pluto field
                     Exmouth Sub   Hess            50.00   limits in WA-34-L


PRITCHARD-1          AC-L-6        *Sinopec        60.00   18mil bbls potential oil-in-place.
                     Vulcan        AED Oil         40.00

ROCKHOPPER-1         TAS-18-P      *Origin         39.09   10km NE of Trefoil-2, exploration well on the large
                     Bass          AWE             47.50   Gentoo/Rockhopper structure is Floater Kan Tan’s
                                   Mid American     8.05   possible first assignment. Due to spud around April/May 2009.
                                   Innamincka       5.00


SERAPH-1             WA-3-L        *Woodside      15.78    Triassic gas prospect, below Angel field, to be operated by
                     Dampier       BHP Billiton   15.78    Woodside.
                     Sub           BP             15.78
                                   Chevron        15.78
                                   MIMI           15.78
                                   Shell          15.78
                                   CNOOC          05.03


TARAPUNGA-1          PEP-38619     *Origin        100.00   Planned for drilling late 2009
                     Northland

TARRA SOUTH EAST-1   VIC-P-42      *Bass Strait   100.00   Dependent on results of seismic re-interpretation by Bass Strait
                     Gippsland

THE GRAFTER-1        WA-390-P      *Hess          100.00   Prospect on floater Jack Bates drilling inventory.
                     Exmouth


WINDEMERE-1          WA-155-P      Apache          31.50   Possible Coniston/Novara near field candidate for appraisal program
                     Exmouth       Inpex           28.50
                     Sub           *BHP            40.00

XANADU WEST-1        TP-15         *Norwest       100.00   Around 90 mil bbl oil potential. Onshore to offshore target.
                     Perth                                 Location being delineated by Xanadu airborne survey for drilling
                                                           by Oct 2010


YUNGARRA-1           WA-286-P      *Roc            37.50   Main Roc Perth Basin prospect considered for 2010 drilling.
                     Perth         AWE             57.50
                                   Itochu           5.00


ZOLA-1               WA-290-P      *OMV            50.00   1TCF potential gas exploration in Carnarvon Basin planned for
                     Carnarvon     Nippon          25.00   late 2009.
                                   Tap             20.00   .
                                   Santos          05.00
PROSPECTS
Onshore
WELL           Permit      PARTNERS        EQUITY   SETTING
               Basin       (*Operator)       %

AIRACOBRA-1    PEL-115     *Vic Pet        100.00   Scheduled to be drilled late November 2009, targeting 1.28mil bbls
               Cooper      Monitor                  oil . Second Monitor farmin well
                           Farming in

BEE EATER-1    EP-359/     Empire          33.36    Potential for 5mil bbls, to be drilled to PTD 1350m by DCA Rig-7
               EP-435      Vic Pet         63.30
               Carnarvon   Pace             3.34



BEJAH-1        EP-97 B     Central         65.00    43-245mil bbl oil potential.
               Pedirka     *Rawson Res     20.00
                           PXA             15.00

CATTALINA-1    PEL-111     *Vic Pet        40.00    Targets 25BCF gasfield north of Fly Lake.
               Cooper      Impress         40.00
                           Roma            20.00

CUISINIER-2    ATP-752-P   *Santos         45.00    Scheduled to be drilled in Cooper Basin ATP-752-P February
               Cooper      Vic Pet         20.37    2010.
                           Bow             20.37
                           Bengal          14.26

DUGITE-1       L-11        *Origin         67.00    A possibility to follow up Redback South-1 in Perth Basin
               Perth       AWE             33.00    depending on pending well results.


DUNE-1         EP-97 D     Central         65.00    Farm-in opportunities being considered. 103-660mil bbl oil potential
               Pedirka     *Rawson Res     20.00
                           PXA             15.00

ELUANBROOK-1   ATP-745-P   *Origin         50.00    Stratigraphic prospect targeting 4.6mil bbls recoverable oil
               Surat       Bounty          50.00    Updip from 1985 discovery that recovered 18bbls light oil from
                                                    the Showgrounds SS on test


EIGHT MILE-1   ATP-794-P   *Vic Pet        35.00    Targeting 5 mil bbls oil in Barcoo block.
               Surat       Bow             65.00


FOKKER-1       PEL-104     *Vic Pet         62.5    Part of program for Odin Tempest block farmin targeting a
               Cooper      Odin             37.5    collective 20 BCF gas and 1 mil bbls condensate in the block

GINGIN-4       EP-389      *Empire         75.00    Sidetrack of the Gingin-3, to be drilled in the Perth Basin at the
               Perth       Wharf           35.00    Gingin West prospect


HOLLICK-1      PEL-255     *Adelaide       100.00   The first of a series of five appraisal targets located in PEL-255.
               Otway                                The well is targeting a hydrocarbon pool potentially around 3.1
                                                    times the size of Jacaranda Ridge-2.


KAPOK-1        PEL-101     *Innamincka     60.00    The Kapok prospect was confirmed and its mean resource potential
               Cooper      Mid Continent   40.00    assessed as 20-25 BCF gas in place.


MAGEE-1        EP-82       Central         75.00    Targets 800BCF gas at Magee prospect which flowed gas
               Amadeus     He Nuclear      25.00    condensate and helium to surface in 1992




                                                                                                                Page 43
PROSPECTS
Onshore Cont’d
WELL             Permit       PARTNERS       EQUITY   SETTING
                 Basin        (*Operator)      %

METRICUP-1       TP-15        Norwest        100.00   Over 10mil bbl potential. Onshore to offshore target
                 Perth


MT KITTY-1       EP-125       Central         75.00   Could hold 1.7 TCF wet gas and up to 105BCF of helium reserves in
                 Amadeus      He Nuclear      25.00   conventional reservoirs.


OORAMINNA-1      EP-82        Central         80.00   0.7TCFG P10 (high) in independently assessed recoverable
                 Amadeus      PXA             20.00   Potential.


PARADISE-1       EP-371       *Buru          100.00   Delineated by 2D seismic Q3 2009. 300BCF gas plus condensate
                 Canning                              potential. Buru looking to farm down

PIRIE-1          PEL-105      Adelaide        50.00   Targets 2 BCF gas and 1.04 mil bbls condensate in Tirrawarra
                 Cooper       Austin          50.00   Sandstone objectives


RED HILL-1       TP-15        Norwest        100.00   Over 10mil bbl potential. Onshore to offshore target
                 Perth


SKYHAWK-1        PEL-115      *Vic Pet        33.00   Potential to contain up to 37mil bbls of recoverable oil.
                 Cooper       Monitor         42.00
                              Lion            25.00


SPINIFEX-1       L-1          AWE             50.00   5-10mil bbl potential
                 Perth        Origin          50.00


SPITFIRE-1       PEL-111      Vic Pet         60.00   To be drilled in January 2010 following the completion of
                 Cooper       Impress         40.00   Snatcher-3.


TIGERCAT-2       PEL-104      Vic Pet         60.00   Scheduled to be drilled in the Cooper Basin late November 2009.
                 Cooper       Impress         40.00


UBUNTU-1         PPL-259      *Eaglewood      35.00   Located in Fly Platform, permit with gas in place estimates of
                 Papuan       Mega Fortune    65.00   345BCF-1.5TCF, 866BCF mean


WAITUI-1         PEP-38150    Todd           100.00   To be drilled using Parker Rig-188 to PTD 4500
                 (Taranaki)


WARHAWK-2        PEL-111      Vic Pet         60.00   To be drilled in the Cooper Basin February 2010.
                 Cooper       Impress         40.00


WATERHOUSE-1     EP-112       Central         80.00   1.1TCFG P10 (high) in independently assessed recoverable
                 Amadeus      PXA             20.00   potential.


WELLESLEY-1      EP-416       *Empire         75.00   Large gas prospect on seismically mapped anticlinal structure
                                                                                                 2
                 Perth        Allied          20.00   at Permian aged Sue coal measures. 8km aerial closure with
                              ERM              5.00   80m vertical relief. Potential for 300BCF gas in place, PTD 3400m


WIRRAWAY-2       PEL-104      Vic Pet         60.00   Scheduled to be drilled in the Cooper Basin December 2009.
                 Cooper       Impress         40.00


ZETA-1           ATP-543-P    *Innamincka     50.00   Targeting oil in the Murta formation and the Namur sandstones and
                 Eromanga     Santos          50.00   lies on a potential migration pathway away from the Tickalara Oilfield
                                                      some 10km N.
                             Dacey          100.00   ESSENTIAL                   Wombat         100.00   PXA
 EQUITY                      Derwent         40.00   Bernoulli           25.00                           Bejah           15.00
 Lists companies’            Grasmere        40.00                                                       Dune            15.00
                                                                                 MEC RESOURCES
 interests held in                                   EXXONMOBIL                                          Ooraminna       20.00
                             Windermere      40.00                               Baleen      25.00
 current and                                                                                             Waterhouse      20.00
                             Seraph          15.78   Yellowglen          25.00
 prospective wells
                                                                                 MEO
 (Bold denotes               BOUNTY                                                                      PACE
                                                     EXOIL
 current well)               Baleen          75.00                                                       Bee Eater        3.34
                                                     FAR                         MID AMERICAN
AED OIL
                             BOW                     Dr Zeus             10.71   Razorback        5.00   RAWSON
Frog                 40.00
                             Cuisinier       20.37                               Rockhopper       8.05   RESOURCES
Predator             40.00
                             Eight Mile      35.00   HE NUCLEAR                  Trefoil         18.05   Bejah           20.00
Pritchard            40.00
                                                     Mt Kitty            25.00                           Dune            20.00
Tadpole              40.00
                             BURU                                                MID CONTINENT
                             Lawford         35.00   HESS                        Kapok         40.00     RESOLVE
APACHE
                             Utopia         100.00   Banker             100.00
Arlo            100.00
                             Spinifex        35.00   Doriemus           100.00   MIMI                    ROC
Brokenwood       65.00
                             Utopia         100.00   Hijinx             100.00   Borrowdale      20.00   Barque          15.00
Clove            51.83
                                                     Mentorc            100.00   Deimos          20.00   Yungarra        37.50
Crummock         65.00
                             CALENERGY               Pinacle Reef        50.00   Seraph          15.78
Derwent          31.50
                             Trefoil         08.50   Pyxis               50.00                           ROMA
Dr Zeus          47.89
                                                     The Grafter        100.00   MITSUI                  Cattalina       20.00
Grasmere         31.50
                             CENTRAL                                             Bernoulli       25.00   Skyhawk         20.00
Little Joe       34.03
                             PETROLEUM               HORIZON
Tarra South East 60.00
                             Bejah           65.00                               MOBY                    SANTOS
Windermere       31.50
                             Dune            65.00   IMPRESS                     Cotton          25.00   Clove           15.00
                             Mt Kitty        75.00   Cattalina           40.00                           Cuisinier       45.00
ADELAIDE
                             Ooraminna       80.00   Skyhawk             40.00   MOSAIC                  Little Joe      31.31
Hollick            100.00
                             Waterhouse      80.00   Spitfire            40.00   Little Joe       6.00   Zeta            50.00
Pirie               50.00
                                                     Tigercat            40.00                           Zola            20.00
                             CHEVRON                 Wirraway            40.00   MONITOR
ALLIED
                             Seraph          15.78   Warhawk             40.00   Fury            50.00   SINOPEC
Wellesley            20.00
                             Yellowglen      50.00                                                       Frog            60.00
                                                     INNAMINCKA                  NEW STANDARD            Predator        60.00
APACHE
                             CNOOC                   Kapok               60.00   Spinifex        65.00   Prichard        60.00
Novara               26.25
                                                     Rockhopper           5.00                           Tadpole         60.00
                             CONOCOPHILLIPS          Trefoil             05.00   NEXUS
AUSTIN
                             Grace        51.00      Zeta                50.00   Fossetmaker     66.00   SHELL
Pirie                50.00
                             Poseidon     60.00                                  Yngling         50.00   Fossetmaker     34.00
                             Seraph         5.03     INLAND                                              Seraph          15.78
AUS GASFILED
                             Kronos       51.00                                  NIPPON                  Yellowglen      25.00
Cuban        100.00
                                                     INPEX                       Zola            25.00
                             COOPER                  Crummock            35.00                           STUART
AWE
                                                     Derwent             28.50   NORWEST                 Oliver         100.00
Barque               25.00
                             CUE                     Grasmere            28.50   Metricup       100.00
Rockhopper           47.05
                                                     Tarra South East    20.00   Red Hill       100.00   SUN
Trefoil              39.00
                             DRILLSEARCH             Windermere          28.50   Xanadu West    100.00   Dr Zeus          7.86
Yngling              50.00
Yungarra             57.50
                             EAGLE BAY               INTEROIL                    ODIN                    TALISMAN
                             Cotton          17.50   Antelope           100.00   Fokker          37.50   Corallina       35.00
BASS STRAIT
Cotton               45.00
                             EAGLEWOOD               ITOCHU                      OIL BASINS              TAP
Tarra South East     20.00
                             Eaglewood       35.00   Yungarra             5.00   Cotton          12.50   Barque          40.00
                                                                                 Backreef        50.00   Clove           10.00
BOUNTY
                             EMPIRE OIL              JAPAN AUST                                          Zola            20.00
Baleen               75.00
                             Gingin West     53.70                               OMV
                             Wellesley       75.00   KANSAI                      Manaia          69.00   TODD
BEACH
                                                     Elatus              05.00   Zola            50.00   Mangahewa      100.00
Barque               20.00
                             ENI
Bernoulli            50.00
                             Little Joe      18.66   KAROON                      ORIGIN                  TOKYO GAS
Cheetima             75.00
                             Penguin Deep   100.00   Grace               49.00   Korimako       100.00   Elatus          05.00
Little Joe           10.00
                                                     Kronos              49.00   Razorback       30.75   Eris            05.00
                             ENTERPRISE              Poseidon            40.00   Rockhopper      39.09
BENGAL
                             Planet Downs    50.00                               Tarapunga      100.00   TOTAL
Cuisinier            14.26
                                                     KUFPEC                      Trefoil         47.50   Borrowdale      40.00
                             ERM GAS                 Brokenwood          35.00                           Deimos          40.00
BENARIS
                             Gingin West     21.25   Coniston            35.00   PAN PACIFIC
Razorback            12.70
                             Wellesley        5.00                               Clove           23.17   TRANSERV
                                                     LAKES                       Dr Zeus          2.99
BHP BILLITON


                                                                                                                       Page 45
VIC PET
Airacobra      100.00
Bee Eater       63.30
Cattalina       60.00
Cuisinier       20.37
Dr Zeus          6.17
Eight Mile      35.00
Fokker          62.50
Fury            50.00
Skyhawk         60.00
Spitfire        60.00
Tigercat        60.00
Wirraway        60.00
Warhawk         60.00

WHARF
Gingin West     25.00

WOODSIDE
Borrowdale      40.00
Corallina       65.00
Deimos          40.00
Dr Zeus         24.38
Elatus          90.00
Pinacle Reef    50.00
Pyxis           50.00
Razorback       51.55
Seraph          15.78
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