WA-281-P (Beach 7.34%) 

Beach's equity in WA-281-P gives the Company exposure to potentially high reward exploration within a proven hydrocarbon province.

Exploration in this permit is primarily targeting gas/condensate in the Early Cretaceous/Late Jurassic. The recent entry of Chevron and Inpex to the Joint Venture strengthens the technical capability for exploring a gas play that has yielded success in the nearby Brecknock and Ichthys Fields. As part of the farm-in, Beach will be partly carried through the first well drilled.