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CURRENT WELLS
AREA TENEMENT Beach Equity WELL STATUS
Cooper/Eromanga-Oil Cooper Oil Project 20-39% Ongoing
         
Cooper/Eromanga-Gas PPL 11 20.21% Big Lake-90 Drilling
  PL 60 20% Munkah-12 Drilling
         
Surat Basin Titpon West Project 40% Ongoing  
         
PLANNED WELLS
AREA TENEMENT Beach Equity WELL TIMING
Cooper/Eromanga-Oil PEL 106 50% Brownlow-1 October
  PEL 106 50% Canunda-1 November
  PEL 92 75% Gunyah-1 December
Cooper Oil Project 20-39% Ongoing  
         
Cooper/Eromanga-Gas PL 111 20% Yawa-2 October
  PPL 11 20.21% Big Lake-91 October
       
Bass Basin T/38P 80% Spikey Beach -1 October
  T/39P 50% Peejay-1 November
         
Otway Basin VIC/P46 50% Fermat-1 December
         
Gippsland Basin VIC/L26 30% 3 Wells December
         
Egpyt North Shadwan 20% Burtocal-2 September
         
RECENT WELLS (from July 2008)
AREA TENEMENT Beach Equity WELL STATUS
Cooper/Eromanga-Oil Cooper Oil Project 20-39%

7 wells*

4 successes*
         
Cooper/Eromanga-Gas PL 61 20% Galex-2 Gas Well
PPL 11 20.21% Big Lake-89 Gas Well
PPL 22 20.21% Marabooka-15 Gas Well
  PPL 22 20.21% Marabooka-14 Gas Well
  PPL 22 20.21% Marabooka-13 Gas Well
  PPL 22 20.21% Mudera-16 Gas Well
  PPL 51 20.21% Kirralee-2 Gas Well
PPL 22 20.21% Mudera-15 Gas Well
         

* From 1 July 2008, as at 25 September 2008

COOPER OIL PROJECT (COP) - as at 31 June 2008
Well Type WELLS DRILLED

WELLS

CASED

%

CASED

Exploration 33 15 45%
Appraisal 47 34 72%
Development
32 31
97%

COP TOTAL
112
80
71%