Financial Resources 1 1. Comprises an undiscounted receivable of up to US32m converted to AUD at A0.90/US
Award of New Exploration Permits (Cerberus) Carnarvon Basin, Western Australia
Cerberus: Three New Blocks Awarded May 2014 Wandoo field Harriett field Stag field Existing oil fields or discoveries Existing gas fields or discoveries
Cerberus: Multiple Play Types Blocks substantially covered by quality 3D and 2D seismic data Multiple play types are being worked on with oil the predominant target Some plays have been rarely tested on the North West Shelf
Cerberus: Carnarvons plans Reprocessed 3D seismic line courtesy of Downunder Geosolutions Interpret newly reprocessed 3D seismic data: results by end Q3, 2014 Independent drilling cost estimates…
Testing of Regional Gas Play (Phoenix) Bedout Sub-Basin, Western Australia
Phoenix: Regional gas test Phoenix South-1 well
Phoenix South1: currently drilling P-2 Phoenix South-1 Phoenix-1 P-1 (Apache 2014) (BP 1980) PS-1 Phoenix-2 (BP 1982) 700 metres gross gas interval 100 to 150 metres net gas pay 10km
Phoenix: Beyond Phoenix South-1 well Zeester 3D seismic acquired & processed Phoenix South-1 Drilling now Roc well Apache Option to acquire 40% Contingent on Phoenix interest over two South-1 result blocks
Onshore Oil Production Phetchabun Basin, Central Thailand
Thailand Onshore Assets 20% interest in producing oil fields onshore Thailand 8 oil producing fields wherein production recently increased to 4,000 bopd gross 100 km2 under production license with significant reserves Low-cost…
Thinking Differently in Thailand 1 1 Optional caption lorem ipsum 1. Includes an undiscounted receivable of US32m converted to AUD at A0.90/US
1 1 1. Includes an undiscounted receivable of US32m converted to AUD at A0.90/US
Think different Act different Addendum May 2014
Addendum 1: Key Achievements Two North West Shelf exploration wells (Phoenix South-1 and Roc) farmed out to Apache and JX Nippon; Recovered all costs and retained a 20% free-carried interest through Phoenix-South-1 and Roc wells;…