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quarterly reportanalysisQuarter 3 - March 31st 2012

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EditorLeith [email protected](t) 08 9272 6555

Quarterly Report Analysis for Australian Energy Companies

Qtr 3 to March 31st 2012

Published May 22nd 2012

Disclaimer Pex Publications advises that in preparing the following Quarterly Report Analysis, individual company reports have been edited to present the relevant, dynamic information in a standardised format. The main omissions relate to non-petroleum related information, detailed financial and production statistics, and detailed charts, tables, diagrams and illustrations. Readers wishing to view the complete quarterly reports are advised to visit the individual companies' websites, whose addresses are included in the following document.

3D Oil Ltd ..................................................................................................................................................................... 1 Acer Energy Ltd .......................................................................................................................................................... 2 Amadeus Energy Ltd .................................................................................................................................................. 3 Antares Energy Ltd ..................................................................................................................................................... 4 ADX Energy Ltd ........................................................................................................................................................... 5 Aurora Oil & Gas Ltd .................................................................................................................................................. 6 AusTex Oil Ltd ............................................................................................................................................................. 7 Austin Exploration Ltd ............................................................................................................................................... 8 Australian Oil Company Ltd ...................................................................................................................................... 9 AWE Ltd ..................................................................................................................................................................... 10 Baraka Energy and Resources Ltd ......................................................................................................................... 11 Bass Strait Oil Company Ltd ................................................................................................................................... 12 Beach Petroleum Ltd ................................................................................................................................................ 13 BHP Billiton Ltd ......................................................................................................................................................... 14 Blue Energy Ltd ........................................................................................................................................................ 15 Bounty Oil & Gas NL ................................................................................................................................................ 16 Buccaneer Energy Ltd .............................................................................................................................................. 17 Burleson Energy Ltd ................................................................................................................................................ 18 Buru Limited .............................................................................................................................................................. 19 Carbon Minerals NL .................................................................................................................................................. 20 Carnarvon Petroleum Ltd ......................................................................................................................................... 21 Caspian Oil & Gas Ltd .............................................................................................................................................. 22 Central Petroleum Ltd .............................................................................................................................................. 23 Challenger Energy Ltd ............................................................................................................................................. 24 Comet Ridge Ltd ....................................................................................................................................................... 25 Cooper Energy Ltd ................................................................................................................................................... 26 Cue Energy Resources Ltd ...................................................................................................................................... 27 Dart Energy Ltd ......................................................................................................................................................... 28 Drillsearch Energy Ltd ............................................................................................................................................. 29 Elixir Petroleum Ltd .................................................................................................................................................. 30 Elk Petroleum Ltd ..................................................................................................................................................... 31 Emerald Oil & Gas NL ............................................................................................................................................... 32 Empire Energy Ltd .................................................................................................................................................... 33 Empire Oil & Gas NL ................................................................................................................................................. 34 Entek Energy Ltd ...................................................................................................................................................... 36 Eureka Eenergy Ltd .................................................................................................................................................. 37 European Gas Ltd ..................................................................................................................................................... 38 Exoma Energy Ltd .................................................................................................................................................... 39 First Australian Resources Ltd ............................................................................................................................... 40 Galilee Energy Ltd .................................................................................................................................................... 41 Gas2Grid Ltd ............................................................................................................................................................. 42 GB Energy Ltd ........................................................................................................................................................... 43 Global Petroleum Ltd ............................................................................................................................................... 44 Golden Gate Petroleum Ltd ..................................................................................................................................... 45 Golden State Resources Ltd .................................................................................................................................... 46 Grand Gulf Energy Ltd ............................................................................................................................................. 47 Hawkley Oil & Gas Ltd .............................................................................................................................................. 48 Horizon Oil Ltd .......................................................................................................................................................... 49 Icon Energy Ltd ......................................................................................................................................................... 50 Incremental Oil & Gas Ltd ........................................................................................................................................ 51 Jacka Resources Ltd ................................................................................................................................................ 52 Jupiter Energy Ltd .................................................................................................................................................... 53 Kairiki Energy Ltd ..................................................................................................................................................... 54 Karoon Gas Ltd ......................................................................................................................................................... 55 Key Petroleum Ltd .................................................................................................................................................... 56 L&M Energy Ltd ........................................................................................................................................................ 57 Lakes Oil NL .............................................................................................................................................................. 58 Lion Energy Ltd ......................................................................................................................................................... 59 Longreach Oil Ltd ..................................................................................................................................................... 60 Mako Energy Ltd ....................................................................................................................................................... 61 Magellan Petroleum Australia Ltd ........................................................................................................................... 62 Metgasco Ltd ............................................................................................................................................................. 63 MEO Australia Ltd ..................................................................................................................................................... 64

Moby Oil & Gas Ltd ................................................................................................................................................... 65 Molopo Energy Ltd ................................................................................................................................................... 66 Neon Energy Ltd ....................................................................................................................................................... 67 New Guinea Energy .................................................................................................................................................. 68 New Standard Energy ............................................................................................................................................... 69 New Zealand Oil & Gas Ltd ...................................................................................................................................... 70 Nexus Energy Ltd ..................................................................................................................................................... 71 Nido Petroleum Ltd ................................................................................................................................................... 72 Norwest Energy NL ................................................................................................................................................... 74 Octanex NL ................................................................................................................................................................ 75 Odin Energy Ltd ........................................................................................................................................................ 76 Odyssey Energy Ltd ................................................................................................................................................. 77 Oil Basins Ltd ............................................................................................................................................................ 78 Oil Search Ltd ............................................................................................................................................................ 79 Oilex Ltd ..................................................................................................................................................................... 80 Origin Energy Ltd...................................................................................................................................................... 81 Ormil Energy Ltd ....................................................................................................................................................... 82 Otis Energy Ltd ......................................................................................................................................................... 83 Otto Energy Ltd ......................................................................................................................................................... 84 Pan Pacific Petroleum NL ........................................................................................................................................ 85 Pancontinental Oil & Gas NL ................................................................................................................................... 86 Petrel Energy Ltd ...................................................................................................................................................... 87 Petsec Energy Ltd .................................................................................................................................................... 88 Planet Gas Ltd ........................................................................................................................................................... 89 Po Valley Energy Ltd ................................................................................................................................................ 90 Pryme Energy Ltd ..................................................................................................................................................... 91 Quest Petroleum NL ................................................................................................................................................. 92 Range Resources Ltd ............................................................................................................................................... 93 Rawson Resources Ltd ............................................................................................................................................ 94 Red Emperor Resources NL .................................................................................................................................... 95 Red Fork Energy Ltd ................................................................................................................................................ 96 Red Sky Energy Ltd .................................................................................................................................................. 97 Rialto Energy Ltd ...................................................................................................................................................... 98 Roc Oil Company Ltd ............................................................................................................................................... 99 Samson Oil & Gas NL ............................................................................................................................................. 101 Santos Ltd ............................................................................................................................................................... 102 Senex Energy Ltd ................................................................................................................................................... 103 Sino Gas & Energy Ltd ........................................................................................................................................... 104 Solimar Energy Ltd ................................................................................................................................................. 105 Somerton Energy Ltd ............................................................................................................................................. 106 Strategic Energy Resources Limited .................................................................................................................... 107 Strike Oil Ltd ............................................................................................................................................................ 108 Sun Resources NL .................................................................................................................................................. 109 Sundance Energy Australia Ltd ............................................................................................................................ 110 Tamaska Oil and Gas Ltd ....................................................................................................................................... 111 Tangiers Petroleum Ltd .......................................................................................................................................... 112 Tap Oil Ltd ............................................................................................................................................................... 113 Target Energy Ltd ................................................................................................................................................... 114 Titan Energy Ltd ...................................................................................................................................................... 115 Transerv Energy Ltd ............................................................................................................................................... 116 Triple Energy Ltd .................................................................................................................................................... 117 Texon Petroleum Ltd .............................................................................................................................................. 118 WestSide Corporation Ltd ..................................................................................................................................... 119 WHL Energy Ltd ...................................................................................................................................................... 120 Woodside Petroleum Ltd ....................................................................................................................................... 121 Summary ................................................................................................................................................................... 122

Pex Publications Pty Ltd Australian Energy Companies Quarterly Report Analysis for Qtr 3 to Mar 31, 2012

- 1 - Back to Index

3D Oil Ltd Price as at Mar 31st : $0.08 52 week high-low : $0.22 $0.069 Shares : 206,560,000 Cash at hand : $2.187 mil Market cap : $16.525 mil ASX code : TDO Contact: 164-170 Flinders Lane

MELBOURNE, VIC 3000 Tel: (03) 9650 9866 Fax: (03) 9639 1960 Email: [email protected] Website: www.3doil.com.au

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Qtr Report Highlights

In Bass Basin T-41-P, mapping and interpretation of the Dalrymple 3D seismic survey is substantially complete and final risking and assessment of potential hydrocarbon volumes is underway.

In Gippsland Basin VIC-P-57, interpretation of the reprocessed data set continued, and revised hydrocarbon volume range estimates for Sea Lion were commenced.

Discussions with potential partners for VIC-P-57 were continued, especially since the exclusivity agreement with OEC expired on 17 February 2012.

Click here for full report

http://www.pex.com.au/qra/q312reports/tdo.pdf

Pex Publications Pty Ltd Australian Energy Companies Quarterly Report Analysis

for Qtr 3 to Mar 31, 2012

- 2 - Back to Index

Acer Energy Ltd Price as at Mar 31st : $0.24 52 week high-low : $0.245 $0.105 Shares : 459,586,853 Cash at hand : $20.792 mil Market cap : $110.301 mil ASX code : ACN Contact: Level 14, 133 Mary Street

BRISBANE, QLD 4000 PO Box 15170 CITY EAST, QLD 4002 Tel: (07) 3007 7900 Fax: (07) 3007 7999 Website: http://wwws.acerenergy.com.au

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Finalising technical review of the Company’s portfolio of Cooper Basin permits including its 100% owned Flax and Juniper oil assets.

Rig secured, long lead items ordered and preliminary site clearing underway for a multi well drilling campaign commencing Q3 2012.

Production at the Flax Oil field progressed with 4,775 bbls produced during the quarter. Schlumberger Tight Reservoir Evaluation Study has identified a number of work over and well intervention

opportunities to enhance production from existing Flax field wells. Strong financial position maintained with $20.8m cash and no debt.


http://www.pex.com.au/qra/q312reports/acn.pdf


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Amadeus Energy Ltd Price as at Mar 31st : $0.22 52 week high-low : $0.290 $0.190 Shares : 257,471,037 Cash at hand : $17.700 mil Market cap : $56.644 mil ASX code : AMU Contact: Level 11, St Georges Square,

225 St Georges Terrace PERTH, WA 6000 PO Box 7778 CLOISTERS SQUARE, WA 6850 Tel: (08) 9226 0222 Fax: (08) 9226 0333 Email: [email protected] Website: www.amadeusenergy.com

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Qtr Report Highlights Operational Net gas production of 194,099 MCF. Revenue from operations of $5.7 million. Field EBITDAX of $4.0 million. 10 new development wells scheduled to commence drilling in the next quarter. Corporate Cash at bank of $17.7 million at end of the period – no debt. On-market share buy-back continued – 17.3 million shares purchased during the quarter. Senior credit facility in place with ability to draw $40 million – currently undrawn.


http://www.pex.com.au/qra/q312reports/amu.pdf



- 4 - Back to Index

Antares Energy Ltd Price as at Mar 31st : $0.50 52 week high-low : $0.560 $0.350 Shares : 260,600,000 Cash at hand : $8.934 mil Market cap : $130.000 mil ASX code : AZZ Contact: 2nd Floor

5 Ord Street West Perth 6005 WA Tel: (08) 9324 2177 Fax: (08) 9324 1224 Email: [email protected] Website: www.antaresenergy.com

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Net quarterly oil production of 52,889 BO. Net quarterly gas production of 204,379 MCF. Receipts from product sales of 4,874,000 AUD - 95% quarter on quarter increase. 6 wells drilled and 2 currently drilling of 30 well fully funded drilling campaign. 30,000,000 USD drawn down from 200,000,000 USD term debt facility issued by Macquarie Bank Limited to support

the development of Antares’ Permian Basin assets.


http://www.pex.com.au/qra/q312reports/azz.pdf


- 5 - Back to Index

ADX Energy Ltd Price as at Mar 31st : $0.09 52 week high-low : $0.110 $0.062 Shares : 438,308,350 Cash at hand : $1.033 mil Market cap : $39.420 mil ASX code : ADX Contact: Suite 6, 2nd Floor

11 Ventnor Ave WEST PERTH, WA 6005 Tel: (08) 9226 2822 Fax: (08) 9226 5333 Email: [email protected] Website: www.adxenergy.com.au

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Qtr Report Highlights Chorbane Permit, onshore Tunisia - Sidi Dhaher-1 discovery A rig contract with Dietswell SA, for the provision of the Sedlar - 160 drilling rig to flow test the Sidi Dhaher-1 oil

discovery was signed. Auditing and testing of the rig and auxiliary equipment commenced. The testing programme was approved by Enterprise Tunisienne d’Activités Petrolieres (“ETAP”). Recruiting and mobilisation of key personnel to the well site was undertaken. Kerkouane Permit - Sicily Channel, offshore Tunisia and Italy An independent third party review incorporating a new ADX depth conversion model and a possible deeper gas water

contact interpretation for the Dougga gas condensate discovery has supported a large increase in the upside resource case. The prospect interpretation outside the 3D seismic area was also progressed. New tectonic modeling generated by

ADX demonstrates the potential for larger sized discoveries than have been encountered inboard from the ADX Sicily Channel acreage. This work will be presented to the industry at an upcoming AAPG conference (ICE, Singapore).

Parta License, onshore Romania ADX completed a buy back of the interests of Caspian Oil & Gas Limited and Sibinga Petroleum Limited each having

held a 20% interest in the Joint Venture in Romania. The consideration for acquiring each company’s interest was the reimbursement by ADX to each company for past joint venture contributions.

ADX now holds 100% interest in the Parta concession and eleven prospecting permits. Farm out negotiations with several European companies were initiated. A seismic tender for 2D and 3D was completed which will allow ADX to start seismic operations immediately after Prime

Ministerial ratification of the Parta licence agreement.


http://www.pex.com.au/qra/q312reports/adx.pdf



- 6 - Back to Index

Aurora Oil & Gas Ltd Price as at Mar 31st : $3.78 52 week high-low : $3.950 $2.110 Shares : 411,155,343 Cash at hand : $US210.369 mil Market cap : $1,553.580 mil ASX code : AUT Contact: Level 20, 77 St Georges Terrace

PERTH, WA 6000 Tel: (08) 9440 2626 Fax: (08) 9440 2699 Email: [email protected] Website: www.auroraoag.com.au

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Aurora completed and announced year end reserves effective 31 December, 2011. The report was generated by the independent Houston based team of Ryder Scott and allocated Aurora total gross proved (1P) reserves of 80.4 mmboe and total proved plus probable (2P) reserves 92.0 mmboe. These figures were comprised of over 75% liquids.

On a BOE basis, these figures represent a 450% increase in 1P reserves and 209% increase in 2P reserves from that reported as at 31 December 2010.

Revenue from oil and gas sales was $40 million for the quarter ($29.5 million after royalties) of which 97% were generated from liquids. Cash balance at the end of the quarter was $210 million.

A wholly owned subsidiary of the Company successfully issued $200 million of unsecured senior notes in the US. A total of 30 gross new wells were drilled and cased in the quarter, 3 wells were being well tested at quarter end and

an additional 19 gross [5.1 net] wells were put on production. At the quarter end there were 90 gross wells on production including 6 farmout wells (16.60 net), 113 gross wells

drilled and 11 new wells underway. The retrospective installation of production tubing in existing wells was largely completed by February 2012, with a

total of 35 wells involved. Aurora’s total quarterly production was 502 mmscf of rich gas and 310,000 bbls of condensate and light oil. Net to

Aurora, after royalties, total production was 327 mmscf of gas, 229,000 bbls of condensate and 36,000 bbls of NGL, which equates to 319,000 boe, an increase of 11% over the previous quarter.

Average gross Aurora production rates during the quarter were 4,820 boe/d including NGL’s. Net to Aurora, after royalties and including NGL’s, average production was 3,500 boe/d.

Production rates were flat during January and February as there were only two fracture stimulation crews operational. With a third crew added in March there was a commensurate increase in production volumes. As part of the development plan, there has been a scheduled increase in drilled well inventory to ensure 100% utilization of the stimulation crews in the field going forward. Production growth during 2012 will accelerate as the number of wells being stimulated increases with more crews operational.

In addition to the installation of production tubing in wells, the Operator made a number of other infrastructure improvements and continued to develop gathering infrastructure linking new wells to central facilities. Preparation work is now underway for the final three of the planned 9 centralized facilities and that work is expected to be completed during the next few months.


http://www.pex.com.au/qra/q312reports/aut.pdf


- 7 - Back to Index

AusTex Oil Ltd Price as at Mar 31st : $0.14 52 week high-low : $0.165 $0.065 Shares : 280,480,451 Cash at hand : $1.492 mil Market cap : $39.200 mil ASX code : AOK Contact: Level 56, MLC Centre

19-29 Martin Place SYDNEY NSW 2000 Tel: (02) 9238 2363 Fax: (02) 8808 7280 Email: [email protected] Website: www.austexoil.com

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58% increase in Gross Revenue following Drilling Success. o $US1,118,600 in Oil and Gas Sales for Quarter. o Further production growth expected from wells under completion.

First Horizontal Well success in Mississippi Lime. o Balder #1-30N under completion. o Participation with NYSE Range Resources Inc..

Mississippi Lime Acreage now 26,000 net acres. o Acquired 70% WI in 15,500 acres in NW Kansas.

$11.6m Funding arrangements to expedite production growth. o $4.1m Placement. o Proposed $7.5m Convertible Note issue.


http://www.pex.com.au/qra/q312reports/aok.pdf



- 8 - Back to Index

Austin Exploration Ltd Price as at Mar 31st : $0.025 52 week high-low : $0.044 $0.022 Shares : 947,163,760 Cash at hand : $9.230 mil Market cap : $23.679 mil ASX code : AKK Contact: Level 1, 160 Queen Street

MELBOURNE VIC 3001 Tel: (03) 9606 3888 Fax: (03) 9606 3800 Website: www.austinexploration.com.au

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Qtr Report Highlights The beginning of 2012 marked the transformation of Austin Exploration into a fully funded oil and gas explorer and

producer. Key elements in this transformation include the announcement of the appointment of Mr Richard Cottee as Chairman of the Board from 22nd of March 2012.

Krueger Unit-1 well drilled to TD of 9325 ft. o Initial 24 hour test flows at 95 BOEPD. o Well currently being flow tested. o Gas infrastructure nearing completion. o 7 Hydrocarbon shows on mud logging analysis.


http://www.pex.com.au/qra/q312reports/akk.pdf


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Australian Oil Company Ltd Price as at Mar 31st : $0.06 52 week high-low : $0.190 $0.050 Shares : 69,016,846 Cash at hand : $0.765 mil Market cap : $4.141 mil ASX code : AOC Contact: Level 8, 139 Macquarie Street

SYDNEY, NSW 2000 Tel: (02) 8231 7000 Fax: (02) 9251 5778 Website: www.australianoilcompany.com

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Qtr Report Highlights Los Alamos Oil Project, California Los Alamos Oil LLC (LOA), a wholly owned subsidiary of AOC, has entered into a farmin agreement for

approximately 3100 leased acres located in Los Alamos, Santa Barbara County, California.

Mankins Ranch Oil Project, California The final Environmental Impact Report released by the County of San Luis Obispo was voted against by the

Planning Commission. An appeal against this ruling was lodged and will now be decided by the Board of Supervisors in mid May 2012.


http://www.pex.com.au/qra/q312reports/aoc.pdf



- 10 - Back to Index

AWE Ltd

Price as at Mar 31st : $2.00 52 week high-low : $2.000 $0.872 Shares : 521,871,941 Cash at hand : $43.000 mil Market cap : $1,043.744 mil ASX code : AWE Contact: Level 16, 40 Mount Street

NORTH SYDNEY, NSW 2060 PO Box 733 NORTH SYDNEY, NSW 2060 Tel: (02) 8912 8000 Fax: (02) 9460 0176 Email: [email protected] Website: www.awexp.com.au

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The previously reported acquisition of the Ande Ande Lumut oil field was completed during the quarter. A number of engineering studies, including subsurface development planning have commenced with encouraging initial results.

The sale of an 11.25% interest in the BassGas Project was completed during the quarter, with the payment of $80.125 million being received at the end of March, 2012.

Quarterly production was lower following the planned BassGas shut-in for the period. Production for the quarter was 0.85 million BOE , down 37% on the previous quarter. Year to date production was 3.8 million BOE .

Sales revenue for the quarter was $87 million compared to $72 million in the previous quarter and $244 million for the year to date. The increase in quarterly sales was due to the increased oil sales from Tui partly offset by the planned BassGas shutdown.

Field EBITDAX for the quarter was $53 million, buoyed by the increased oil sales from Tui. Preparations for the Atlas-1 well in Indonesia (AWE 40%) have been completed and the well is scheduled to be

drilled in May 2012. Approvals from the WA Minister of Environment have been received for the planned hydraulic stimulations of three

wells in the Perth Basin which are scheduled to commence in June. As previously reported, the BassGas MLE project timetable has been delayed and project costs have escalated due

to offshore construction challenges. These delays have reduced AWE production guidance for 2011-12 to 4.7 million BOE . Importantly however, due to strong ongoing oil prices, the Company’s revenue guidance for 2011-12 remains unchanged at $270-300 million.


http://www.pex.com.au/qra/q312reports/awe.pdf



Baraka Energy and Resources Ltd Price as at Mar 31st : $0.013 52 week high-low : $0.025 $0.008 Shares : 2,075,655,046 Cash at hand : $3.645 mil Market cap : $26.984 mil ASX code : BKP Contact: Shop 12, South Shore Piazza,

85 The Esplanade SOUTH PERTH WA 6151 Tel: (08) 6463 2350 Fax: (08) 9367 2450 Email: [email protected] Website: www.barakapetroleum.com

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Drilling of high angle pilot hole at MacIntyre-2 on EP-127. Logging results very positive showing approximately 22m of true vertical depth pay with porosities varying between 5 -11%. Drill stem test conducted showed positive results. Additional seismic planned for EP-128 after wet season.


http://www.pex.com.au/qra/q312reports/bkp.pdf




Bass Strait Oil Company Ltd Price as at Mar 31st : $0.018 52 week high-low : $0.039 $0.016 Shares : 388,039,613 Cash at hand : $2.342 mil Market cap : $6.985 mil ASX code : BAS Contact: Level 1, 99 William Street

MELBOURNE, VIC 3000 Tel: (03) 9927 3000 Fax: (03) 9614 6533 Email: [email protected] Website: www.bassoil.com.au

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The key field operation during the quarter was the rehabilitation of the Windermere-3 drilling site in PEP-167 in the onshore Otway Basin. This has now been completed.

The Company also finalised a farmin agreement with Somerton Energy to obtain a 15% interest in PEP-150 and accepted assignment of Interra Resources 50% interest in PEP-167 in the onshore Otway Basin.

Interra Resources decided to withdraw from the PEP-167 Joint Venture and BAS accepted assignment of their interest. This takes BAS to a 100% interest in the permit.

During the quarter BAS continued the interpretation of the simultaneous seismic inversions undertaken on the reprocessed Moby 3D seismic volume and 200 square kilometres of the Northern Fields 3D seismic survey.


http://www.pex.com.au/qra/q312reports/bas.pdf



Beach Petroleum Ltd Price as at Mar 31st : $1.47 52 week high-low : $1.763 $0.815 Shares : 1,115,960,668 Cash at hand : $300.000 mil Market cap : $1,640.462 mil ASX code : BPT Contact: 25 Conyngham Street

GLENSIDE, SA 5065 Tel: (08) 8338 2833 Fax: (08) 8338 2336 Email: [email protected] Website: www.beachpetroleum.com.au

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Qtr Report Highlights Corporate Announcement of $345 million capital raising, consisting of $117 million institutional entitlement, $78 million retail

entitlement and $150 million convertible notes offering. Successful completion of institutional entitlement and convertible notes offering. Renegotiation of the Delhi Petroleum and Esso Australia Resources royalty. Successful on-market takeover of Adelaide Energy. Operations Production 15% higher than previous quarter at 2.0 MMboe, primarily due to new operated oil wells online in

PEL-92, renewed trucking from Senex operated acreage, first operated gas and gas liquids production in PEL-106-B, and Tantanna oil pipeline at full capacity.

Revenue 10% higher, mainly due to increased oil sales volumes and price. First production from North Shadwan in Egypt. Exploration success in Egypt with total gross flows over 800 bopd from Al Jahraa-1 and 5,600 boepd from

El Salmiya-1. Exploration success at Coolawang-1, gas flows of 4.5 MMscfd and gas liquids. Click here for full report

http://www.pex.com.au/qra/q312reports/bpt.pdf




BHP Billiton Ltd Price as at Mar 31st : $34.61 52 week high-low : $49.810 $33.680 Shares : 3,356,081,497 Cash at hand : N/A Market cap : $116.153,981 mil ASX code : BHP Contact: Level 27

BHP Billiton Centre, 180 Lonsdale Street MELBOURNE, VIC 3000 Tel: 1300 55 47 57 Fax: (03) 9609 3015 Email: [email protected] Website: www.bhpbilliton.com

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Total petroleum production – Total production increased for the nine months ended March 2012 as our recently acquired Onshore US business reported strong growth. Guidance for the 2012 financial year of 225 million barrels of oil equivalent (MMboe) remains unchanged.

Crude oil, condensate and natural gas liquids – Lower production for the nine months ended March 2012 reflected expiration of the Ohanet (Algeria) Risk Sharing Contract, maintenance and drilling delays at non-operated facilities, weather related downtime in Western Australia and natural field decline, especially at Pyrenees (Australia). Mad Dog (USA) was offline for the entire quarter and is forecast by the operator to recommence production during the June 2012 quarter. Atlantis (USA) was shut-in during April 2012 for an extended period of scheduled maintenance and will be offline until the September 2012 quarter.

Notably, the Onshore US business delivered a 35 per cent increase in liquids production compared to the December 2011 quarter. These liquids contributed 3.5 MMboe of Onshore US production in the March 2012 quarter consistent with our shift in focus towards the high return Eagle Ford shale. We continue to adjust our Onshore US development plans in response to lower US gas prices and expect activity in the liquids rich Eagle Ford shale and Permian Basin to represent the significant majority of Onshore US operating activity by the end of the 2012 calendar year.

Natural gas – Strong performance from the Onshore US and Angostura (Trinidad and Tobago) businesses contributed to higher natural gas production for the nine months ended March 2012.


http://www.pex.com.au/qra/q312reports/bhp.pdf



Blue Energy Ltd

Price as at Mar 31st : $0.09 52 week high-low : $0.125 $0.060 Shares : 722,488,256 Cash at hand : $1.882 mil Market cap : $65.024 mil ASX code : BUL Contact: Level 3,

410 Queen Street BRISBANE QLD 4000 Tel: (07) 3270 8800 Fax: (07) 3270 8899 Email: [email protected] Website: www.blueenergy.com.au

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Qtr Report Highlights Successful Share Placement and Share Purchase Plan (SPP) raises $23.5m. Cash Reserves (after capital raising) $25.4m. John Ellice-Flint agrees to join Blue Energy. Exploration Activities Continue.

o Production testing continues in ATP-814-P. o Planning underway for further completion and testing.

Maryborough Basin Shale Gas.


http://www.pex.com.au/qra/q312reports/bul.pdf




Bounty Oil & Gas NL Price as at Mar 31st : $0.017 52 week high-low : $0.043 $0.016 Shares : 772,150,982 Cash at hand : $2.456 mil Market cap : $12.270 mil ASX code : BUY Contact: Level 7 283 George St

SYDNEY NSW 2000 Tel: (02) 9299 7200 Fax: (02) 9299 7300 Email: [email protected] Website: www.bountyoil.com

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Qtr Report Highlights Australia Reported a Net profit after tax of $1.238 million for the half year ended 31 December 2011;and Oil revenue up 42.3% to $1.44 million for half (half year 2010: $1.02 million). Oil Business strategy on track to provide further growth:

o Seismic studies progressing toward a decision on drill test of oil target at Azalea Prospect in AC-P-32 Timor Sea. o Bounty preparing for development of 100% owned Downlands oil and gas condensate project in Surat Basin,

Queensland.

Tanzania – Nyuni Block Development of Kiliwani North gas field progressing with purchase of pipeline tangibles and negotiating sales contract. Block PSA enlarged while major gas discoveries made by BG et al in deeper offshore permits.


http://www.pex.com.au/qra/q312reports/buy.pdf



Buccaneer Energy Ltd Price as at Mar 31st : $0.06 52 week high-low : $0.115 $0.048 Shares : 925,634,576 Cash at hand : $2.547 mil Market cap : $55.538 mil ASX code : BCC Contact: Level 15, 25 Bligh Street

SYDNEY NSW 2000 Australia Tel: (02) 9233 2520 Fax: (02) 9233 2530 Email: [email protected] Website: www.buccaneerresources.com

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First production revenue from Kenai Loop. Completed 3D Seismic at Kenai Loop. Executed agreement to buy Glacier-1 drilling rig from Marathon Oil Company. Two key offshore drill permits granted. Endeavour repairs and modifications progressed. Raised up to $8.0 million through issue of Convertible Securities. Executed a Term Sheet to raise US$20.0 million in project finance. Executed agreement to acquire Cosmopolitan project from Pioneer Natural Resources.

o proven reserve base increased to 18.0 mmBoe1 o proven & probable reserve based increased to 31.2 mmBoe1 o p50 resource 60.4 mmBoe

1on the basis the cosmopolitan acquisition is completed. Click here for full report

http://www.pex.com.au/qra/q312reports/bcc.pdf




Burleson Energy Ltd Price as at Mar 31st : $0.03 52 week high-low : $0.063 $0.026 Shares : 420,889,133 Cash at hand : $5.824 mil Market cap : $12.627 mil ASX code : BUR Contact: PO BOX 92

SYDNEY NSW 2001 Tel: (02) 8252 6177 Fax: (02) 8252 6178 Website: www.burlesonenergyltd.com

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A proposal for drilling the highly-prospective Truchard-2H (horizontal) well was issued to joint venture partners. Burleson and AKG Energy plan to spud the well by 30 June 2012. A program is under way to farm out a 35.25% interest in the Truchard-2H well and the surrounding 664 acre “unit”. All four producing wells (3 on the Heintschel field) back on line during the quarter following disruptions. Revenue received in bank A$153k, revenue earned ~A$212k, during the quarter. John McAlwey retired from BUR board. Alex Sundich joined the board as an Executive Director and CFO. Cash balance remains strong with $5.8 million at 31 March 2012.


http://www.pex.com.au/qra/q312reports/bur.pdf



Buru Limited Price as at Mar 31st : $3.22 52 week high-low : $3.850 $0.520 Shares : 234,219,477 Cash at hand : $17.273 mil Market cap : $754.187 mil ASX code : BRU Contact: Level 2, 97 William Street

PERTH, WA 6000 Tel: (08) 9215 1800 Fax: (08) 9215 1899 Email: [email protected] Website: www.buruenergy.com

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Qtr Report Highlights The key operational activities for the quarter were: the completion of drilling operations at the Valhalla North-1 well by Ensign Rig #32, the first well in the 2012

Appraisal and Exploration Program; the continuation of preparations for an extended production test (“EPT”) of the Ungani oil field; progressing the regulatory, Traditional Owner and joint venture approvals process for the 2012 Appraisal and

Exploration Program; and finalising arrangements with oil field service providers for the supply of all support services for the 2012 Appraisal

and Exploration Program. The key corporate activities for the quarter were: the award of two additional petroleum exploration permits in the Canning Superbasin; and the Company’s admission into the S&P/ASX 300 index.


http://www.pex.com.au/qra/q312reports/bru.pdf




Carbon Minerals NL Price as at June 30th : $1.80 52 week high-low : $3.000 $1.645 Shares : 18,803,493 Cash at hand : $15.041 mil Market cap : $33.846 mil ASX code : CRM Contact: c/o Mitchell & Partners

GPO Box 5460 Sydney NSW, Australia 2001 Tel: (02) 9392 8686 Fax: (02) 9299 8195

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In an update on the Gunnedah Project released to the ASX2 on March 9, 2012, we outlined the release by the New South Wales Government of Draft Strategic Land Use Plans. The Government advised that comment and formal submissions on these proposals would be accepted up to May 3, 2012, and our JV partner, Santos advise that they are preparing a detailed submission. The company’s technical advisers, Earth Resources Australia Pty Limited (ERA), have also advised that they too will be lodging a formal submission.


http://www.pex.com.au/qra/q312reports/crm.pdf



Carnarvon Petroleum Ltd

Price as at Mar 31st : $0.13 52 week high-low : $0.360 $0.086 Shares : 693,370,634 Cash at hand : $10.000 mil Market cap : $90.138 mil ASX code : CVN Contact: Ground Floor, 1322 Hay Street

WEST PERTH, WA 6005 PO Box 99 WEST PERTH, WA 6872 Tel: (08) 9321 2665 Fax: (08) 9321 8867 Email: [email protected] Website: www.carnarvon.com.au

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Revenue for the quarter was A$7.41m on 71,767 barrels of oil produced. The joint venture is currently awaiting EIA approvals to commence the WBEXT sandstone development program and during the quarter brought forward the 2012 volcanic well program.

Proved reserves of 3.8 MMbbls ($84m on NPV10 basis) and proved plus probable reserves of 12.1 MMbbls ($222m on NPV10 basis) net to Carnarvon as at 31 December 2011 were independently certified by Gaffney, Cline & Associates during the quarter.

Cash flows from Thai operations before tax and drilling costs were $5.4 million during the quarter, before expenditure of: $ 4.4 million on drilling activities in the L44/33 and L33/43 Concessions in Thailand $ 1.0 million on non-operated technical work, new venture and corporate costs; and $ 0.3 million on technical work for the Phoenix blocks Cash reserves at quarter end were $10.0 million, 3% lower than the previous quarter; Carnarvon has no debt The Phoenix farmout progressed through to the data room stage during the quarter, with the data room closing late March.

The farm out covers the exploration blocks WA-435-P & WA-437-P, containing the Phoenix gas discovery and the Phoenix South and Roc prospects.

At this stage the objective is to conclude a farm out agreement in the third quarter, 2012. New ~4,289km2 of 3D seismic data acquisition, over a portion of the WA-435-P, WA-436-P & WA-443-P exploration

permits, was 76% complete before the vessel was reassigned during the quarter. The program is expected to recommence in the second quarter, 2012 with four to six weeks to complete the acquisition.

The area covers a number of significant leads and is being undertaken by Fugro on a multi-client basis, at no cost to Carnarvon until it licences the data.

Apache processing of the new 3D seismic data over WA-399-P permit was 80% complete at the end of the quarter.


http://www.pex.com.au/qra/q312reports/cvn.pdf




Caspian Oil & Gas Ltd Price as at Mar 31st : $0.006 52 week high-low : $0.018 $0.004 Shares : 1,331,500,513 Cash at hand : $0.661 mil Market cap : $7.989 mil ASX code : CIG Contact: Ground Floor, 30 Ledgar Road

BALCATTA, WA 6021 Tel: (08) 9240 2405 Fax: (08) 9240 2406 Email: [email protected] Website: www.caspianogl.com

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Re-perforation and pump testing of West Mailisu-2 failed to produce oil. A Kyrgyz Government decree requiring all new licences to be issued under an auction or tender process has thwarted

plans to renew the licences expiring at the end of 2012. Technical reviews were undertaken of several oil fields in Kazakhstan, with negotiations and due diligence continuing

on one project.


http://www.pex.com.au/qra/q312reports/cig.pdf



Central Petroleum Ltd Price as at Mar 31st : $0.053 52 week high-low : $0.110 $0.042 Shares : 1,253,376,265 Cash at hand : $8.039 mil Market cap : $66.429 mil ASX code : CTP Contact: Suite 3, Level 4,

85 The Esplanade SOUTH PERTH, WA 6151 Tel: (08) 9474 1444 Fax: (08) 9474 1555 Website: www.centralpetroleum.com.au

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Qtr Report Highlights Surprise-1 (Re-entry) (“S1REH”) oil discovery in the western Amadeus Basin flow-tested 380 barrels of oil per day. Further exploration and appraisal work at and around the Surprise prospect is proceeding. During and subsequent to the end of the quarter Central raised approximately $21 million (before costs) through a

series of capital raisings, including a Share Purchase Plan and two separate private placements. Click here for full report

http://www.pex.com.au/qra/q312reports/ctp.pdf




Challenger Energy Ltd Price as at Mar 31st : $0.072 52 week high-low : $0.180 $0.046 Shares : 214,021,002 Cash at hand : $3.642 mil Market cap : $15.408 mil ASX code : CEL Contact: Level 17, 500 Collins Street

MELBOURNE, VIC 3000 Tel: (03) 9614 0600 Fax: (03) 9614 0550 Website: www.challengerenergy.com.au

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Qtr Report Highlights Mercury Stetson Drilling of side track completed successfully. Fracture stimulation completed on Woodford shale and testing underway. Logs confirm excellent shale properties across both Barnett and Woodford shales. Triple Crown The Company continues to evaluate the next phase of operations. South Africa The Company understands the Government has received its Technical Report in relation to fracture stimulation

operations within South Africa. The Company continues to work with the Government on approval of its application for an exploration right at Cranemere. Maricopa Wellington Maricopa project produced at an average rate of 18bopd.


http://www.pex.com.au/qra/q312reports/cel.pdf



Comet Ridge Ltd Price as at Mar 31st : $0.12 52 week high-low : $0.180 $0.100 Shares : 307,351,144 Cash at hand : $7.489 mil Market cap : $36.882 mil ASX code : COI Contact: Level 1,

283 Elizabeth Street BRISBANE, QLD 4000 Tel: (07) 3221 3661 Fax: (07) 3221 3668 Email: [email protected] Website: www.cometridge.com.au

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Comet Ridge plans three wells and moves towards pilot scheme as gas supply tightens in Queensland and coal mine power demand in Galilee Basin drives gas commercial options.

First pilot well in Mahalo Block scheduled to spud 30 May with up to 12 wells scheduled this year. The recently released NSW CSG policies should see exploration in the Gunnedah Basin restarted.


http://www.pex.com.au/qra/q312reports/coi.pdf




Cooper Energy Ltd Price as at Mar 31st : $0.65 52 week high-low : $0.685 $0.305 Shares : 292,791,528 Cash at hand : $69.100 mil Market cap : $190.314 mil ASX code : COE Contact: 282-292 Churchill Ave

Subiaco PERTH, WA 6151 PO Box 1163 SOUTH PERTH, WA 6008 Tel: (08) 9489 3777 Fax: (08) 9489 3799 Email: [email protected] Website: www.cooperenergy.com.au

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Production increased significantly: oil production increased in both the Cooper Basin (Australia) and Indonesia to 158,022 barrels total (COE share) which is 36% higher than the December 2011 Quarter.

Tunisia Dragon farm-in approved: Tunisian Hydrocarbon Consultative Committee approved the farm-out to Dragon Oil enabling them to become a full member of the Bargou Joint Venture.

Somerton Energy merger proposal announced: Somerton and Cooper Boards agree to merge by off market takeover of Somerton by Cooper announced on 19 April 2012.


http://www.pex.com.au/qra/q312reports/coe.pdf



Cue Energy Resources Ltd Price as at Mar 31st : $0.29 52 week high-low : $0.360 $0.190 Shares : 695,153,053 Cash at hand : $42.325 mil Market cap : $201.594 mil ASX code : CUE Contact: Level 21, 114 William Street

MELBOURNE, VIC 3000 Tel: (03) 9670 8668 Fax: (03) 9670 8661 Email: [email protected] Website: www.cuenrg.com.au

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Qtr Report Highlights Exploration Projects WA-389-P drilling prospect confirmed. Drilling of Banambu Deep prospect to commence mid-May. Cue to be free

carried through this well. Mahakam Hilir PSC onshore Kutei Basin, Indonesia. Drilling of the Naga Utara-1 gas discovery well completed. Naga Selatan oil exploration well spudded. Working interest in WA-360-P increased to 37.5%. Seismic data purchased over sizable Maxwell lead. Development Projects Wortel development completed with first gas production on 31st January. Financial Final debt repayment at end of quarter. Company now debt free. Final hedge payment made. Company now unhedged.


http://www.pex.com.au/qra/q312reports/cue.pdf




Dart Energy Ltd Price as at Mar 31st : $0.30 52 week high-low : $0.967 $0.290 Shares : 736,141,536 Cash at hand : $98.835 mil Market cap : $220.843 mil ASX code : DTE Contact: Level 11, Waterfront Place

1 Eagle Street BRISBANE, QLD 4000 Tel: (07) 3149 2100 Fax: (07) 3149 2101 Website: www.dartenergy.com.au

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Expanded Gas Sales Agreement for UK CBM; approximately 60 Bcf of gas contracted. Up to US$100 million debt facility mandate with HSBC secured, for funding near term revenue projects in Scotland,

China and Indonesia. International reserves increased by 39% for net 3P with commercial reserves confirmed in three countries. Letter of Intent signed for new China CBM and Shale Gas PSCs - access opportunities for up to five new blocks. Dart’s Maria Farm Veggies Fullerton Cove project in Australia wins gas innovation award. Good initial flow-rates results from pilot wells on production at PEDL-133 (Scotland) and Liulin project (China), with

significant dewatering yet to occur.


http://www.pex.com.au/qra/q312reports/dte.pdf



Drillsearch Energy Ltd Price as at Mar 31st : $1.53 52 week high-low : $1.580 $0.370 Shares : 337,449,196 Cash at hand : $42.600 mil Market cap : $516.297 mil ASX code : DLS Contact: Brad Lingo

Level 16, 55 Clarence Street SYDNEY, NSW 2000 Tel: (02) 9249 9600 Fax: (02) 9249 9630 Email: [email protected] Website: www.drillsearch.com.au

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Further success with the Western Wet Gas Fairway drilling program. 376% increase in sales revenue. Inclusion to the S&P/ASX 300. Development of new oil discoveries. 962% increase in production over the last quarter. 33% increase in 2P Reserves. $42.6 million cash position.


http://www.pex.com.au/qra/q312reports/dls.pdf




Elixir Petroleum Ltd Price as at Mar 31st : $0.09 52 week high-low : $0.160 $0.029 Shares : 223,688,472 Cash at hand : $1.440 mil Market cap : $20.132 mil ASX code : EXR Contact: Level 20, 77 St George’s Tce

Perth, WA 6000 PO Box 2530 PERTH, WA 6001 Tel: (08) 9440 2650 Fax: (08) 9440 2699 Email: [email protected] Website: www.elixirpetroleum.com

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Qtr Report Highlights Additional 2D seismic reprocessing and interpretation substantially advanced at Moselle. Announced updated conventional resource volumetric estimates for Moselle. Moselle farmout continued with a number of interested parties involved. Well supported fundraising undertaken by the Company raising circa $3.3m. Click here for full report

http://www.pex.com.au/qra/q312reports/exr.pdf



Elk Petroleum Ltd Price as at Mar 31st : $0.17 52 week high-low : $0.380 $0.140 Shares : 147,910,846 Cash at hand : $4.708 mil Market cap : $25.145 mil ASX code : ELK Contact: Level 40, North Point

100 Miller Street NORTH SYDNEY, NSW 2060 Tel: (02) 9510 0030 Fax: (02) 9510 0003 Email: [email protected] Website: www.elkpet.com

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Grieve CO2 flood project on course to commence CO2 injection by October/November. Approval of the Environmental Assessment (EA) by the Bureau of Land Management (BLM) is expected in July. Construction of the 3-mile connecting CO2 supply pipeline will commence immediately following EA approval and take

about 2 months to complete. Ash Creek Work on the chemical flood EOR project has commenced. 5 of 6 wells for the first stage of the development have been completed. Fabrication of injection facilities has commenced; installation is planned for August. Chemical injection is planned to commence in October/November. Testing and logging of wells have provided encouraging results.


http://www.pex.com.au/qra/q312reports/elk.pdf




Emerald Oil & Gas NL Price as at Mar 31st : $0.03 52 week high-low : $0.062 $0.018 Shares : 898,790,281 Cash at hand : $1.275 mil Market cap : $26.964 mil ASX code : EMR Contact: Level 2, 12 Parliament Place

WEST PERTH 6005 Tel: (08) 9482 0510 Fax: (08) 9482 0505 Email: [email protected] Website: www.emeraldoilandgas.com

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Qtr Report Highlights USA Williston Basin, North Dakota 10,500 net lease acres including one producing Bakken oil well acquired in Dunn Co, North Dakota acquired

for US$11.85m. Second Bakken well currently drilling and first Emerald operated well planned for late 2012. On 26 March 2012, Emerald announced it was in discussions (Letter of Intent) in relation to a potential acquisition of

producing acreage of ~$150m transaction value. The discussions have now been terminated. Green River Basin, Colorado/Wyoming Additional 8,400 net lease acres acquired in the Sandwash Basin Niobrara Shale oil play (Green River Basin),

located in Colorado. Multi-zone fracture stimulation treatments and horizontal laterals planned for existing wellbores and new wells being

permitted as part of 2012 Sandwash Basin Niobara work program. CORPORATE Share placement completed through a series of placements to sophisticated and institutional investors raising circa $3.1m. Laurie Shervington resigned as alternate director for Jeremy Shervington. Click here for full report

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http://www.pex.com.au/qra/q312reports/emr.pdf



Empire Energy Ltd

Price as at Mar 31st : $0.22 52 week high-low : $0.235 $0.095 Shares : 291,530,350 Cash at hand : $US5.203 mil Market cap : $64.137 mil ASX code : EEG Contact: Level 7, 151 Macquarie Street

SYDNEY 2000 Tel: (02) 9251 1846 Fax: (02) 9251 0244 Email: [email protected] Website: www.empireenergygroup.net

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Total estimated oil and gas revenue for the 3 month period was US$7.4 million (4Q2011: US$7.3 million). Unaudited Field EBITDAX of US$5.3 million was achieved (4Q2011: US$4.9 million). Gross production

o Oil: 74,918.25 bbls (4Q2011: 71,032) +5.5%. o Gas: 682,449 Mcf (4Q2011: 687,178) -0.7%.

Operating EBITDAX of US$4.2 million (4Q2011: US$3.9 million). Cash on hand US$5.2 million. On 12 December 2011, The Commissioner of New York State’s Department of Environmental Conservation (“DEC”)

stated that the DEC will finish its review of hydrofracking by spring 2012. A recent announcement from the DEC has deferred the review through to the end of summer. The DEC’s current position is that the drilling and fracking techniques can be done safely, with strict regulations and that permits for fracking would quickly follow.

In the Kansas Uplift Region, the 1st well of the of the 2012, 10 well oil drilling program has been bought on-line with a flow rate of 24.5 Bbl/d. Production rates for the 2nd well are expected early next week.

Exploration & Project Development (Drilling) Costs for the quarter were US$471,449. Archeological programs and Landowner negotiations are continuing for the Company’s shale licenses in the Northern

Territory, Australia.


http://www.pex.com.au/qra/q312reports/eeg.pdf




Empire Oil & Gas NL Price as at Dec 31st : $0.018 52 week high-low : $0.037 $0.015 Shares : 4,745,658,296 Cash at hand : $8.108 mil Market cap : $85.422 mil ASX code : EGO Contact: Suites 7 & 8,

154 Hampden Rd NEDLANDS, WA 6009 Tel: (08) 6389 2687 Fax: (08) 9386 6812 Email: [email protected] Website: www.empireoil.com.au

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Grant of the Red Gully Export Pipeline Licence was offered on 12 April 2012 by the Western Australian Government and will be granted upon landowner access, which is progressing, to enable the Company to meet its November 2012 commissioning date for the Red Gully Gas and Condensate Plant.

The grant of the Pipeline Licence, pursuant to the State Acts, and a Land Access Agreement allows for the construction of the Red Gully Gas Plant and the 2400 metre export pipeline to be connected to the Dampier to Bunbury Natural Gas Pipeline (“DBNGP”) to transport natural gas to Alcoa’s operations in the south west of Western Australia. The transport of gas in the DBNGP to Alcoa is the subject of the Forward Gas Supply Agreement with Alcoa of Australia Limited.

The total volume of gas contracted by the EP-389 Joint Venture to be sold to Alcoa of Australia Limited (“Alcoa”) is 15,000 Terrajoules which will be supplied in two tranches. The pre-payment of $25 million is for the first tranche only. The second tranche, the majority of the total gas contract sales gas, the EP 389 joint Venture will be invoicing Alcoa for gas sold. The condensate is to be sold to the BP Kwinana Refinery.

On 3 January 2012, Empire announced that Alcoa had paid the first $5 million of the total pre-payment of $25 million. The second payment of $15 million will be paid upon the Pipeline Licence being granted which is now due on or before 1 June 2012. A further $5 million is available should the Red Gully Gas and Condensate Plant costs exceed $20 million.

On 3 January 2012, Empire announced that the EP-389 Joint Venture has reached agreement with Alcoa and the owners of the DBNGP providing access to the DBNGP where gas will be shipped to Alcoa. In addition there is provision to ship gas to other gas customers should the EP 389 Joint Venture sell additional gas, other than to Alcoa, in the future, over the initial 20 year period of the Agreement.

Two Production Licences were lodged on 24 October 2011 with the Department of Mines and Petroleum which cover both the Gingin West-1 and Red Gully-1 discoveries. These Production Licences, when granted, also cover the discovery well Gingin-2 (1965). The new structure at Gingin-2 is now Gingin-4 and Deep and also includes the Wannamal-1 and Deep Structures.

All the Red Gully-1 Gas and Condensate Plant long lead and essential items have all been tendered and individual components are being constructed prior to mobilising to site. Completion of construction and commissioning is on schedule for November 2012. Empire is within the timetable for earthworks to commence in June/July 2012 with the Export Pipeline contractor and the final construction firms settled.

Planning of a 100km2 heliseis programme, the Wannamal 3D Seismic Survey is progressing and landowner consent is near completion.

The Wannamal 3D Seismic Survey is part of Empire’s plan of continued growth to drill and discovery additional gas and condensate reserves.

Red Gully-1 was drilled and tested in January/February 2011 and was announced as the largest Jurassic gas discovery onshore Western Australia. Production testing in early March 2011 flowed at a stabilised rate of 12 million cubic feet of gas per day (12 MMCFGD) and 832 barrels of condensate per day (832 BCPD). This equates to 80 barrels of condensate per 1 million cubic feet of gas. The gas pay was in two separate sands within the Upper Cattamarra Coal Measures being:

o ‘D’ Sand – maximum gas pay interval 18 metres o ‘B’ Sand – maximum gas pay interval 56 metres o (interpreted to be filled to its spill point)

The Gingin West-1 discovery well flowed at a stabilised rate of up to 7.5 MMCFGD and 375 BCPD. This equates to



Empire Oil & Gas NL 50 barrels of condensate per 1 million cubic feet of gas.

The Company now has a plan for continued growth to drill for additional gas prospects in immediate proximity to the Red Gully Gas and Condensate Plant to treat new gas and condensate discoveries. The selection of drilling prospects on a risked basis will be undertaken on interpreting the Wannamal 3D seismic survey. It is planned to drill “back to back” wells once a suitable drilling rig is contracted. These include:

o Wannamal and Wannamal Deep, located adjacent to Gingin West-1, is defined by 3D Seismic and is mature for drilling. Potential recoverable gas and condensate is 66 BCF and 2.3 MMBC.

o The Gingin Gasfield defined by discovery wells Gingin-1 (WAPET, 1964) and Gingin-2 (WAPET, 1965) is the subject of this Wannamal 3D Seismic to be recorded in 2012 to provide: Gingin-4 well 50 BCF and 2.5 MMBC and a Gingin-4 Deep (Gingin-2 Deep) 32 BCF and 1.6 MMBC

being in total 82 BCF and 4.1 MMBC (at 50 barrels of condensate (BC) per 1 MMCFG) Gingin-5, 37 BCF and 1.8 MMBC (at 50 BC per 1 MMCFG) The Gingin Gasfield area may require an additional well (Gingin-6). The Wannamal 3D Seismic may

delineate additional tilted fault block structures in the Lower Cattamarra for additional gas reserves. o By deepening Gingin West-1 to the Bootine Deep Tilted Fault Block, there is potential recoverable gas and

condensate of 20 BCF gas and 1 MMBC. Future potential recoverable gas to be processed through the Red Gully Gas and Condensate Plant. Wannamal

and Deep, Gingin-4 and Deep, Gingin-5 and Bootine Deep is 205 BCF and 9.2 MMBC. There is, in addition, a 60 km Trend from Gingin to Bullsbrook which has defined, from 2D Seismic, a further 1 trillion

cubic feet of gas (1,000 BCF) and 40 million barrels of condensate of unrisked potential gas and condensate. The final design of the Red Gully Gas Plant has provided for maximising gas and condensate recovery, together

with the appropriate treatment of the condensate, to ensure it is suitable for refining. In EP-368/426 Permits in the North Perth Basin, Empire and the Joint Venture executed a Farmin Agreement on 5

December 2011 with Origin Developments Pty Ltd to record the North Erregulla 3D Seismic Survey. Mobilisation of the Western Geco (Schlumberger) equipment brought in from Dubai is on location. It is planned to complete this North Erregulla 3D Seismic by May 2013 when the currently dry seeded wheat crop is harvested.

EP-432 North Perth Basin – Progress is being made in negotiating a farmout to drill a Shale Gas well in the northern part of EP-432.

In the Southern Perth Basin, Native Title negotiations were finalised on 20 December 2011. The State will offer the grant of two applications in the South Perth Basin to Empire and its joint applicant, ERM Gas Pty Ltd

Empire has increased its equity in the shallow rights of EP-454 which will see the drilling of the Charger-1 well in EP-454. The Charger Prospect is a anticlinal structure with 4-way dip closure mapped from the recent Garibaldi Seismic recorded in 2011. The Company is seeking to drill Charger-1 immediately after drilling the Black Arrow-1 well in northern EP-432 with DCA Rig 7.

Empire’s First Milestone to achieve up to 30 billion cubic feet (“BCF”) of recoverable gas and associated condensate in 2011 has been met, from the Gingin West-1 discovery in the Gingin West Block B together with the Red Gully-1 well discovery in the Gingin West Block A Structure.

Commissioning of the Red Gully Gas and Condensate Plant is timetabled for November 2012. In EP-389 the Second Milestone is to achieve up to 100 BCF of recoverable gas and associated condensate in

2013 from further discoveries Wannamal-1 (and Wannamal Deep), and Gingin-4 and Deep and Gingin-5 well with both of the latter located in the Gingin Gasfield Area.

The Company also plans to increase its exploration tempo along the Gingin-Bullsbrook Trend to increase reserves where there is the potential for in excess of one trillion cubic feet of unrisked gas reserves and 40 million barrels of condensate and oil.

Potential for a new discovery has recently been observed at the Eclipse Structure where it is apparent, from utilising geological information gained from the Gingin West-1 and Red Gully-1 discovery wells, that the Eclipse-1 well drilled in 2003 did not reach the D Sand reservoir objective that flowed gas in Gingin-1, Bootine-1 and the 2010-2011 gas and condensate discoveries, Gingin West-1 and Red Gully-1. Should the deepening of Eclilpse-1 be successful, this will significantly enhance the prospectivity of Eclipse West and the Yeal Prospects and other seismically undefined structures in the EP-389 Permit.

Drill shallow wells for oil during 2012. Drilling for oil in EP-432, EP-454 and EP 437 with DCA Rig 7. Drill Black Arrow-1 in EP-432 and Charger-1 in EP-454 in mid 2012 and possibly 1 well in EP-437.

Empire is concentrating its exploration in the Perth Basin, and has complemented its Perth Basin portfolio with the recent acquisition of a 22.5% interest in EP-437 in the North Perth Basin. Drillable prospects are being evaluated including Wye Knot-1. Drilling in 2012 includes Black Arrow-1 and is also to include the drilling of a Charger-1 well in EP-454 and later, drilling in EP-368 and EP-426 after recording the North Erregulla 3D Seismic. A further farmout in EP-432 may see a Shale Gas well drilled in 2012.


http://www.pex.com.au/qra/q312reports/ego.pdf




Entek Energy Ltd

Price as at Mar 31st : $0.14 52 week high-low : $0.195 $0.084 Shares : 510,657,387 Cash at hand : $13.353 mil Market cap : $71.492 mil ASX code : ETE Contact: Ground Floor, 15 Rheola St.

WEST PERTH, WA 6005 PO BOX 1381 WEST PERTH, WA 6005 Tel: (08) 9213 4388 Fax: (08) 9213 4399 Email: [email protected] Website: www.entekenergy.com.au

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During the quarter the Company completed the acquisition of additional acreage of approximately 27,555 gross acres (18,644 net acres) adjacent to its existing lease position in the Niobrara Oil Resource Play.

During the quarter the Company continued to implement its Gulf of Mexico strategy by rationalizing and high-grading its portfolio in order to maintain exposure to the offshore conventional resource oil potential whilst preserving the Company’s capital base, allowing the required funds to be deployed in its onshore work program in the Niobrara Oil Resource Play where the potential exists for significantly greater value creation.

The Company completed the sale of its 50% working interest in blocks VR341 and VR342 with the consideration being US$7.5 million in cash as well as a significant retained overriding royalty interest.


http://www.pex.com.au/qra/q312reports/ete.pdf



Eureka Eenergy Ltd Price as at Mar 31st : $0.38 52 week high-low : $0.415 $0.160 Shares : 237,014,050 Cash at hand : $US5.269 mil Market cap : $90.065 mil ASX code : EKA Contact: Level 1 16 Ord Street

PERTH, WA 6005 Tel: (08) 9321 9337 Fax: (08) 9322 9548 Email: [email protected] Website: www.eurekaenergy.com.au

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Significantly expanded 2012 drilling programme commences at Sugarloaf with 12 wells spudded during the Quarter and 65 wells to be spudded during the year.

Programme to underpin substantial increase in production and cash flow, with production rates expected to increase to >1,000boe/d net to Eureka by year-end.

Sugarloaf gross production for March Quarter of 309,952 bbls of condensate and 981 MMcf of natural gas (net 17,745 boe to Eureka), reflecting natural production decline from existing well stock.

Highly experienced oil industry executive Bill Bloking (ex BHP Petroleum) joins the Company as an Executive Director and Interim Managing Director.

Committed letter of offer for $50M Term Debt Facility executed with Macquarie Bank to underpin Eureka’s share of the expanded 2012 drilling programme.

US$5.2M cash on hand at March 31, with total sales receipts from operations of US$1.3M from November 2011 through to March 2012%


http://www.pex.com.au/qra/q312reports/eka.pdf




European Gas Ltd Price as at Mar 31st : $0.215 52 week high-low : $0.450 $0.130 Shares : 296,161,505 Cash at hand : €6.967 mil Market cap : $63.914 mil ASX code : EPG Contact: Suite 8, 7 The Esplanade

MT PLEASANT, WA 6153 Tel: (08) 9316 9100 Fax: (08) 9315 5475 Email: [email protected] Website: www.europeangas.com.au

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Qtr Report Highlights Corporate and Management The Company has been finalising its internal corporate restructuring, so as to gather under its UK subsidiary its

various permits and contractual rights over other areas. The Company continues, with the assistance of external financial and legal advisors, to evaluate financial

alternatives to carry out a significant drilling program in the Lorraine and Nord Pas de Calais regions. Operations The testing on the Folschviller-2 well is ongoing. The well is currently producing both gas and water and gas rates are

increasing as the de-pressuring continues. The Company will inform on the final results upon completion of the test. Comprehenisve 3D geological modeling studies have been completed for both the Lorraine and Nord Pas de

Calais various prospective areas. These studies have highlighted specific areas where the Company will focus its planned drilling campaigns.

A major permitting effort has been engaged to secure the well sites identified through the geological modeling exercises, in both the Nord Pas de Calais and Lorraine regions. Environmental, risk, and technical assessments are being conducted in order to preprare the drilling requests to be submitted to the Authorities.

The French Petroleum Institute (IFP) has been engaged to carry out an audit of the estimation of the gas contingent resources in the Lorraine and Nord Pas de Calais coal basins where the Company holds permits or has contractual rights over certain permits. The IFP has an unmatched knowledge of the geology of these two coal basins and unique technical capabilities and is a historically recognized technical auditor. The firm Netherland Sewell and Associates, Inc. (NSAI) is also carrying out a similar activity on behalf of the Company.

New ventures The Company continues to pursue a highly prospective unconventional hydrocarbons project in Turkey as part of

its diversification strategy. Further information will be provided on this initiative at a later date. Other CBM projects outside of France are also being evaluated and discussions with potential Joint Venture parties are ongoing.


http://www.pex.com.au/qra/q312reports/epg.pdf



Exoma Energy Ltd Price as at Mar 31st : $0.15 52 week high-low : $0.220 $0.082 Shares : 417,357,759 Cash at hand : $10.149 mil Market cap : $62.604 mil ASX code : EXE Contact: Suite 5,

40 Creek Street, BRISBANE, QLD 4000 Tel: (07) 3226 5600 Fax: (07) 3226 5699 Email: [email protected] Website: www.exoma.net

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Preparation underway for 2012 exploration program: Drill rigs and drilling services contracted for the 2012 program. Applied for four permits offered by the Queensland government under its 2011 tender program.


http://www.pex.com.au/qra/q312reports/exe.pdf




First Australian Resources Ltd Price as at Mar 31st : $0.029 52 week high-low : $0.135 $0.024 Shares : 2,150,080,157 Cash at hand : $22.173 mil Market cap : $62.352 mil ASX code : FAR Contact: Suite 2, Level 1

254 Rokeby Road SUBIACO, WA 6008 Tel: (08) 9380 6181 Fax: (08) 9380 6640 Email: [email protected] Website: www.far.com.au

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$15M raised through placement of shares and Share Purchase Plan. US$3M from sale of Beibu Gulf assets received. Cash balance of $35.8M as at 30 April 2012. Sign off for Kenya 3D seismic survey. Presidential Decree confirms Senegal renewal. Retirement of Chairman, Michael Evans.


http://www.pex.com.au/qra/q312reports/far.pdf



Galilee Energy Ltd Price as at Mar 31st : $0.17 52 week high-low : $0.240 $0.140 Shares : 152,140,466 Cash at hand : $34.928 mil Market cap : $25.864 mil ASX code : GLL Contact: LEVEL 2,

895 Ann Street, Fortitude Valley QLD 4006 Tel: (07) 3216 1155 Fax: (07) 3216 1199 Website: http://www.galilee-energy.com.au

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Galilee Gas Project (ATP-529-P JV with AGL) o Glenaras pilot - reserves campaign continues o Successful work-over of GA05

ATP-799-P exploration study ongoing Click here for full report

http://www.pex.com.au/qra/q312reports/gll.pdf




Gas2Grid Ltd Price as at Mar 31st : $0.05 52 week high-low : $0.082 $0.039 Shares : 462,255,546 Cash at hand : $2.537 mil Market cap : $23.113 mil ASX code : GGX Contact: Level 11,

10 Bridge Street SYDNEY, NSW 2000 Tel: (02) 8298 3688 Fax: (02) 8289 3699 Email: [email protected] Website: www.gas2grid.com

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Share placement completed raising $2.4 million with a further $1.4 million secured from Directors, subject to shareholders’ approval on 3rd May 2012

Philippine 3 well exploration drilling program on schedule to commence in July Purchased a drilling rig – cost efficiency and timing certainty for drilling program The drilling rig to arrive in Cebu mid-May to be ready to commence drilling the first well in July Philippine Department of Energy (“DOE”) approval has already been granted for the first well Landholder access arrangements have been finalized Site works civil contractor selected Also own a workover rig that is capable of completing the Malolos-1 drill out and flow testing program plus drill and

set surface casing on 3 new exploration wells Malolos-1 drillout and testing program to commence in June/July St. Griede interpretation of reprocessed seismic data nearing completion Click here for full report

http://www.pex.com.au/qra/q312reports/ggx.pdf



GB Energy Ltd Price as at Mar 31st : $0.02 52 week high-low : $0.060 $0.010 Shares : 185,087,770 Cash at hand : $0.545 mil Market cap : $3.708 mil ASX code : GBX Contact: Suite 2, 26 Eastbrook Terrace

EAST PERTH WA 6004 Tel: (08) 9321 1200 Fax: (08) 9325 1238 Website: www.gbenergy.com.au

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Qtr Report Highlights Results of Slovak Exploration Program. Appointment of Stuart Rechner. Announcement of Rights Issue.


http://www.pex.com.au/qra/q312reports/gbx.pdf




Global Petroleum Ltd Price as at Mar 31st : $0.28 52 week high-low : $0.325 $0.150 Shares : 199,444,787 Cash at hand : $24.428 mil Market cap : $55.845 mil ASX code : GBP Contact: Level 9, BGC Centre

PERTH, WA 6000 Tel: (08) 9322 6322 Fax: (08) 9322 6558 Email: [email protected] Website: www.globalpetroleum.com.au

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Qtr Report Highlights Total production from the two Eagle Ford horizontal wells (Tyler Ranch EFS #1H and #2H) in which Global has an

interest was 43,846 boe (33,871 bo and 59,851 mcfg) for the March Quarter or 482 boepd. Global has a 7.939% working interest (5.95% NRI) in approximately 1,651 acres beneath the Olmos formation including the Eagle Ford Shale.

Total combined production from the nine producing Olmos vertical wells in the Olmos reservoir in which Global had a 15% working interest (11.25% net revenue interest) during the March Quarter until the effective date of the sale of the Olmos wells (1 February 2012) was 14,848 boe (5,368 bo and 56,882 mcfg) or 479 boepd.

During the Quarter the Company completed a Purchase and Sale Agreement in relation to its interest in the Olmos production and related leases forming part of the Leighton Project. Global’s proceeds from the sale amount to US$2.8 million (A$2.64 million) before tax.

The sale of the Company’s Olmos assets did not include the Company’s interest in the Eagle Ford production wells and related leases which also form part of the Leighton Project. During the Quarter the Company appointed Albrecht and Associates and RBS Morgans Limited to seek buyers for the Company’s interest in the Eagle Ford. The buyer identification aspect of the sale process continued during the Quarter.

During the Quarter work continued on the processing and interpretation of the data from the high resolution 2D seismic survey undertaken during the September Quarter in Global’s offshore Namibian exploration blocks. This work has focused on identifying and delineating two structural leads, clarifying the extent of stratigraphic plays and investigating the data on areas not previously having seismic coverage. When interpretation of the data captured by the 2D survey is completed, a decision will be made on the carrying out of a 3D seismic survey to focus on any areas of interest identified by the 2D results.

Work continued during the Quarter, in conjunction with Wessex Exploration PLC (“Wessex”), in identifying suitable parties to farm into the Juan de Nova Est Permit as well as continuing an assessment of available data and an extensive review of literature on the North Morondava Basin in which the permit lies.

FirstEnergy Capital LLP was appointed as co-broker to the Company. FirstEnergy is a leading international investment bank with considerable experience and capabilities in advising the energy sector.


http://www.pex.com.au/qra/q312reports/gbp.pdf



Golden Gate Petroleum Ltd Price as at Mar 31st : $0.021 52 week high-low : $0.028 $0.007 Shares : 2,202,404,469 Cash at hand : $2.423 mil Market cap : $46.251 mil ASX code : GGP Contact: 566 Elizabeth Street

MELBOURNE, VIC 3000 Tel: (03) 9349 1488 Fax: (03) 9349 1186 Email: [email protected] Website: www.ggpl.com.au

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Qtr Report Highlights Eagle Ford Shale Development Company entered into a participation agreement for a 10% working interest in a 40+ horizontal development well

project in the Eagle Ford Trend. The initial well is expected to spud in early May 2012. Bowtie West Project Sugar Valley-1 well spudded on 23 March 2012 and has currently reached a TD of 11,510 feet. Permian Basin Project Initial 4 wells have been drilled and undergone initial fracture stimulation according to their individual programs.

Testing has indicated that there may be potential of three intervals for horizontal well development, two more than expected. Besides two Wolfcamp intervals, a lower interval often referred to as the Cline shale has shown encouraging results. This may lead to this interval being a candidate for its own horizontal drilling program.


http://www.pex.com.au/qra/q312reports/ggp.pdf




Golden State Resources Ltd Price as at Mar 31st : $0.018 52 week high-low : $0.023 $0.008 Shares : 724,742,609 Cash at hand : $2.226 mil Market cap : $13.045 mil ASX code : GDN Contact: Unit 18, 40 Quentin Avenue,

CLAREMONT, WA 6010 Tel: (08) 9385 0700 Fax: (08) 9385 4400 Website: www.goldenstate.com.au

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Qtr Report Highlights Acquisition of the Povorotnoye Gas and Condensate Field. Advanced Planning and Procurement for New Povorotnoye Well. Unit Designation of the Golden Eagle Gas Field. Appointment of new CEO. Appointment of new Director.


http://www.pex.com.au/qra/q312reports/gdn.pdf



Grand Gulf Energy Ltd Price as at Mar 31st : $0.005 52 week high-low : $0.009 $0.003 Shares : 3,739,993,494 Cash at hand : $4.926 mil Market cap : $18.700 mil ASX code : GGE Contact: Ground Floor, 1292 Hay Street

WEST PERTH WA 6005 Tel: (08) 9389 2000 Fax: (08) 9389 2099 Email: [email protected] Website: www.grandgulfenergy.com

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Abita discovery well, SL-19706-1, commenced producing from the 30 sand on 18 March 2012 with initial production being brought on stream at ~900 MCFD and 25 BCD with no water and flowing tubing pressure of 2,995 psi on a 6/64 inch choke. Recoverable resources estimated at 350,000-700,000 barrels oil and 8 BCF gas with additional upside.

Dugas & Leblanc-3 is presently producing at 305 bopd and 800 mcfg per day (representing net monthly revenue of US$250,000 after costs).

Vermilion River currently setting casing at 14,300ft. Vermilion is a high impact prospect Project targeting 110 BCFG & 3.3 million barrels condensate, up to 185 BCF and 5.5 MMBC

New acquisition of Austin Bayou, a low risk development prospect. Location completed, due to spud first week of May. New acquisition of world class Pintail, a high reward company making prospect, due to spud 4th quarter 2012. Click here for full report

http://www.pex.com.au/qra/q312reports/gge.pdf




Hawkley Oil & Gas Ltd Price as at Mar 31st : $0.23 52 week high-low : $0.430 $0.120 Shares : 285,531,421 Cash at hand : $11.933 mil Market cap : $65.672 mil ASX code : HOG Contact: Suite 5, 95 Hay Street,

SUBIACO PERTH, WA 6008 Tel: (08) 9429 8803 Fax: (08 9429 8802 Email: [email protected] Website: www.hawkleyoilandgas.com

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Qr Report Highlights

Production from the Sorochynska-201 well during the Quarter totaled 580mmscf of gas and 19,353 bbls of condensate. Daily production for the Quarter averaged at 6.4 mmscfof gas and 213 bbl of condensate;. A total of 2.7 Bcf and 95,573 barrels of gas and condensate has been produced since the start of production in

February 2011. Total income received during the Quarter was US$8.6 million. The Chernetska-1 well reached a total depth of 4,655m in February and was cased & suspended pending testing of the

Carboniferous B26 sands. A 100km2 full fold seismic survey across the Sorochynskalicence was completed in March. The Sorochynska-202 development well was spudded 15 February.


http://www.pex.com.au/qra/q312reports/hog.pdf



Horizon Oil Ltd Price as at Mar 31st : $0.32 52 week high-low : $0.425 $0.165 Shares : 1,130,811,515 Cash at hand : $US21.032 mil Market cap : $361.860 mil ASX code : HZN Contact: Level 7, 134 William Street

WOOLLOOMOOLOO, NSW AUSTRALIA, 2011 Tel: (02) 9332 5000 Fax: (02) 9332 5050 Email: [email protected] Website: www.horizonoil.com.au

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Qr Report Highlights

US$160 million reserves based debt facility finalised for funding of Horizon Oil's development projects in China and Papua New Guinea and Maari/Manaia expansion activities.

Production of 91,367 barrels of oil from Maari/Manaia fields, offshore New Zealand and oil sales of 73,289 barrels, generating revenue of US$8.8 million; cumulative oil production to date of 18.0 million barrels.

288 sq km 3D seismic survey recorded over Maari/Manaia and PEP-51313, offshore New Zealand, to define drilling locations and as a basis for further field exploitation.

Facilities for Beibu Gulf development about 50% complete; in-field pipeline laying completed. Stanley field Petroleum Development Licence application on target for submission in July. Ketu-2 appraisal well in PRL-21, Papua New Guinea, confirmed considerable extension of gas/condensate

accumulation. 72 km seismic survey underway in PPL-259, onshore Papua New Guinea, to mature prospects for drilling. Click here for full report

http://www.pex.com.au/qra/q312reports/hzn.pdf




Icon Energy Ltd Price as at Mar 31st : $0.30 52 week high-low : $0.305 $0.120 Shares : 469,301,394 Cash at hand : $10.594 mil Market cap : $140.790 mil ASX code : ICN Contact: 4 Miami Key

Broadbeach Waters GOLD COAST, QLD 4218 Tel: (07) 5554 7111 Fax: (07) 5554 7100 Email: [email protected] Website: www.iconenergy.com

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Icon Energy Limited (Icon Energy or Company) and Beach Energy Limited (Beach) finalised arrangements to conduct the 425 kilometre Gallus Seismic Survey within ATP-855-P in the Cooper Basin. The Survey was completed in mid-April 2012.

The Company and Goondi Energy completed all technical, stakeholder and contractor pre drilling activities in time for an early May spud for the next two joint venture wells, Eolus-1 and Windom-1 in ATP-626-P.

Icon Energy, continues to engage with stakeholders and re-submitted the Operations Plan, covering the drilling of two (2) wells, Tiger West-1 and Dragon-1 in PEP-170 in Q3 2012 to the Department of Primary Industries (DPI) for final approval.


http://www.pex.com.au/qra/q312reports/icn.pdf



Incremental Oil & Gas Ltd Price as at Mar 31st : $0.27 52 week high-low : $0.370 $0.180 Shares : 95,286,999 Cash at hand : N/A Market cap : $25.728 mil ASX code : IOG Contact: Unit 2,16 Phillimore St

FREMANTLE WA 6160 Tel: (08) 6219 5069 Fax: (08) 9481 2394 Website: www.incrementaloilandgas.com

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Qtr Report Highlights Production up 29% on corresponding quarter last year. Production up 2% on last quarter. Smoot-6 placed on production. Smoot-5 commences water disposal. Successful workover in Sheep Springs. Microbial pilots projects commence in Sheep Springs. Click here for full report

http://www.pex.com.au/qra/q312reports/iog.pdf




Jacka Resources Ltd

Price as at Mar 31st : $0.17 52 week high-low : $0.185 $0.067 Shares : 184,865,378 Cash at hand : $5.674 mil Market cap : $31.427 mil ASX code : JKA Contact: Level 3, Suite 33,

22 Railway Road SUBIACO WA 6008 Tel: (08) 9388 8041 Fax: (08) 9388 8042 Website: www.jackaresources.com.au

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Qtr Report Highlights Jacka expands East Africa footprint and enters Somaliland with highly prospective block. $14.2 Million raised via a two tranche placement. Jacka completes negotiations for Ruhuhu block, Tanzania, awaiting Ministerial approval. Award of well management services contract for drilling of Hammamet West-3. Click here for full report

http://www.pex.com.au/qra/q312reports/jka.pdf



Jupiter Energy Ltd

Price as at Mar 31st : $0.66 52 week high-low : $1.170 $0.370 Shares : 116,130,154 Cash at hand : $1.573 mil Market cap : $76.646 mil ASX code : JPR Contact: Level 2, 28 Kings Park Road

WEST PERTH WA 6005 Tel: (08) 9322 8222 Fax: (08) 9322 8244 Email: [email protected] Website: www.jupiterenergy.com.au

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Qtr Report Highlights Trial Production from the J-50 and J-52 wells has now commenced. Initial combined production rate is expected to

be ~600 bopd. Jupiter Energy has agreements in place to sell its produced oil at $US400 per tonne (~$US58/barrel). Contracts signed with two traders to purchase initial production of 6,000 tonnes (3,000 tonnes each). Initial payment

of $US1.2m has been received and further $US1.2m is contracted to be paid in early May. J-53 well has been flow tested at rates of up to ~300 barrels of liquid per day producing a mixture of oil and

completion fluids; the completion requires further optimisation to establish a more consistent flow rate. Preparation of Trial Production Licence applications for both J-51 and J- 53 wells are progressing and will soon be

ready to submit to Ministry of Oil & Gas for approval. An application for a 2 year prolongation of the Block 31 Exploration Licence has been submitted to the Ministry of

Oil & Gas. An application for a further extension of Block 31 exploration acreage has been submitted to the Ministry of Oil & Gas. Fully Underwritten Rights Issue is expected to be carried out as soon as required approvals have been received

from the Kazakh authorities.


http://www.pex.com.au/qra/q312reports/jpr.pdf




Kairiki Energy Ltd

Price as at Mar 31st : $0.002 52 week high-low : $0.039 $0.001 Shares : 2,688,363,837 Cash at hand : $1.727 mil Market cap : $5.377 mil ASX code : KIK Contact: Suite 3, Churchhill Court

331-335 Hay Street SUBIACO, W 6008 Tel: (08) 9388 6711 Fax: (08) 9388 6744 Email: [email protected] Website: www.kairikienergy.com

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Processing of the SC-54A and SC-54B seismic surveys has been ongoing during the quarter. Click here for full report

http://www.pex.com.au/qra/q312reports/kik.pdf



Karoon Gas Ltd Price as at Mar 31st : $6.51 52 week high-low : $7.540 $2.600 Shares : 221,420,769 Cash at hand : $245.904 mil Market cap : $1,441.449 mil ASX code : KAR Contact: Suite 7A, 34 Lochiel Avenue

Mt MARTHA, VIC 3934 Tel: (03) 5974 1044 Fax: (03) 5974 1644 Email: [email protected] Website: www.karoongas.com.au

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Qtr Report Highlights Mobilisation of the ‘Transocean Legend’ drilling rig and commencement of the Browse drilling campaign comprising

five wells with an option for three additional wells. Karoon is receiving interest for a farm-out of equity in its five wholly owned blocks in the Santos Basin, Brazil and

Tumbes Basin, Peru. Data rooms are open and negotiations are continuing. Preparations are progressing for drilling in Brazil with the contracted “Blackford Dolphin” drilling rig. Commencement

of a three well drilling campaign is expected during the third quarter of calendar 2012. Preparations for drilling in the Tumbes Basin, Peru have commenced with long lead items on order and several drilling

rigs available for a minimum of two wells in Karoon’s preferred time period during the first half of calendar 2013.


http://www.pex.com.au/qra/q312reports/kar.pdf




Key Petroleum Ltd Price as at Mar 31st : $0.042 52 week high-low : $0.050 $0.012 Shares : 308,072,707 Cash at hand : $1.789 mil Market cap : $12.939 mil ASX code : KEY Contact: Ground Floor,

20 Kings Park Road WEST PERTH WA 6005 Tel: (08) 9389 2111 Fax: (08) 9389 2199 Email: [email protected] Website: www.keypetroleum.com

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Change in Focus and Strategy For Key Petroleum Limited: On the 4 April, 2012 Key Petroleum Limited (“Key”) announced its intention to become a significant player in the Canning Super Basin with the strategy titled the ‘Canning Push’. A commercial and technical review of Key’s legacy assets has been undertaken and all international interests are now regarded as being non-core to the future of the Company. Key is pleased to announce that it is in negotiations with parties for divesting its Tanzanian, United Kingdom and Suriname interests. The Company during the Quarter concentrated on maturing subsurface, seismic and drilling of its Canning Basin prospects.

EP-448, Canning Basin: Technical studies including the geological and geophysical evaluation of the EP448 permit have matured significantly since the last update. These studies have identified a number of structural highs as well

as a large unconventional shale prospect within the Shales of the Goldwyer and Bongabinni Formations. EP-437, Perth Basin: The EP-437 joint venture recently undertook a Prospectivity Review with operator CalEnergy Ltd. Additional internal

studies of the seismic and geological dat sets by Key technical personnel have identified two drillable prospects in this North Perth Basin permit. It is now the intent of Key to accelerate the drilling of at least one prospect within the next year.

Drilling Activity in the Canning Basin: The drilling of the Cyrene-1 well in EP-438 is still planned to be spudded in late 2012 but is subject to a rig slot in the Canning Basin, Western Australia. The well is operated and funded by farmin partner Buru Energy Limited.

In respect of the other permit areas in the Canning Basin, the testing of the Stokes Bay-1 well in EP-104/R1 and the work over of West Kora-1 in L15 both in the Canning Basin are to be deferred by the joint venture until 2013 due to workover rig availability.

Capital Raising: On the 15th March, Key notified the market of its intention to raise $1 million with sophisticated investors. This capital raising was organised and successfully completed by RBSMorgans on the 26th March to assist in funding Key’s Canning Basin projects.

Board Changes: As part of the change in company focus, Mr Kane Marshall was appointed to the Board on 3 April 2012 as Managing Director.


http://www.pex.com.au/qra/q312reports/key.pdf



L&M Energy Ltd Price as at Mar 31st : $0.09 52 week high-low : $0.130 $0.036 Shares : 754,405,518 Cash at hand : $NZ1.251 mil Market cap : $67.897 mil ASX code : LME Contact: Level 9, St Johns House

114 The Terrace WELLINGTON NEW ZEALAND 6143 PO Box 10895, Level 9 114 The Terrace WELLINGTON NEW ZEALAND 6143 Tel: +64 4 473 0415 Fax: +64 4 473 0416 Email: [email protected] Website: www.lmenergy.co.nz 0.020

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50km2 3D seismic survey within the Alton block underway. Kahili-2 drilling preparations underway. CSG appraisal programme at Kaitangata continuing. Click here for full report

http://www.pex.com.au/qra/q312reports/lme.pdf




Lakes Oil NL Price as at Mar 31st : $0.006 52 week high-low : $0.007 $0.003 Shares : 7,118,628,039 Cash at hand : $0.647 mil Market cap : $42.712 mil ASX code : LKO Contact: Level 14 500 Collins Street

MELBOURNE, VIC 3000 P.O. Box 300 Collins Street WEST MELBOURNE VIC 8007 Tel: (03) 9629 1566 Fax: (03) 9629 1624 Email: [email protected] Website: www.lakesoil.com.au

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Appointment of New Directors: In this quarter, Lakes Oil N.L. (LKO) advised that under the terms of its December 2011 agreement with Armour Energy Ltd, Mr Nicholas (Nick) Mather and Mr William (Bill) Stubbs were appointed to the Lakes Board of Directors on 1st February 2012.

Moreys-1 drilling: Directors of Lakes Oil N.L. (LKO) and its partner Armour Energy Ltd advised that Moreys-1 located in PEP-169, onshore Otway Basin, Victoria was spudded on 18 April 2012. Total depth is programmed to 2000 metres. Estimated depth to primary target (Waarre ‘C’) is 1740 metres. Armour Energy is funding the drilling of this well to a cost of $2.5M to earn a 51% interest in PEP-169.


http://www.pex.com.au/qra/q312reports/lko.pdf



Lion Energy Ltd Price as at Mar 31st : $0.04 52 week high-low : $0.040 $0.020 Shares : 114,023,309 Cash at hand : $1.655 mil Market cap : $4.561 mil ASX code : LIO Contact: 15 Rheola Street

WEST PERTH, WA 6005 Tel: (08) 9213 4300 Fax: (08) 9213 4311 Email: [email protected] Website: www.lionenergy.com.au

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During the Quarter crude oil production from the Seram (Non Bula) PSC was 235,356 barrels (compared to 218,002 for the previous Quarter) at a daily average of 2,586 BOPD, up from 2,370 BOPD the previous quarter.

A crude oil lifting of approximately 300,000 barrels is scheduled for 10-11 May 2012. OSEIL-16 infill development well has cleaned up and stabilized at approximately 450 BOPD with effectively zero

water production. Lofin-1 well is drilling ahead in 8-1/2 inch hole and is expected to penetrate the primary objective, the Manusela

Carbonate, within days. Click here for full report

http://www.pex.com.au/qra/q312reports/lio.pdf




Longreach Oil Ltd Price as at Mar 31st : $0.003 52 week high-low : $0.008 $0.003 Shares : 510,000,000 Cash at hand : $0.008 mil Market cap : $1.530 mil ASX code : LGO Contact: 9th Floor, 82 Elizabeth Street

SYDNEY, NSW 2001 GPO Box 4246 SYDNEY, NSW 2001 Tel: (02) 9233 6022 Fax: (02) 9233 6475 Email: [email protected] Website: www.longreachoil.com

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As advised in the previous Quarterly Report, BPL has sold its 50% interest in PL-280 to Chelsea Oil Australia Pty Ltd. Arrangements were being made for the existing McWhirter-1 water well to be recompleted as an oil well.


http://www.pex.com.au/qra/q312reports/lgo.pdf



Mako Energy Ltd Price as at Mar 31st : $0.10 52 week high-low : $0.234 $0.094 Shares : 166,586,296 Cash at hand : $C6.263 mil Market cap : $16.659 mil ASX code : MKE Contact: Level 1, 681 Murray Street

WEST PERTH WA 6005 Tel: (08) 9322 2700 Fax: (08) 9322 7211 Email: [email protected] Website: www.makoenergy.com.au

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On 25 January 2012, the Company closed the sale of its 50 per cent working interest in the Duvernay formation underlying eight sections (5,120 acres; 2,048 hectares) of land in the Rimbey, Alberta area for $2 million, net to Mako.

On 31 January 2012, the Company closed the sale of its 40 per cent working interest in 30 sections of the Company’s lands, including the Duvernay and Rock Creek rights, in the Rimbey, Alberta area for a cash consideration of $10 Million, net to Mako.

On 8 March 2012, the Company completed the listing of its depositary receipts on the OTC-QX International, an electronic marketplace for brokers-dealers in the United States of America.

Repaid all bank debt and reduced the outstanding letter of guarantee from $762,400 to $350,000. On 29 March 2012, the Company repaid the $3.5 million outstanding balance on the 12.75% subordinated credit facility. Averaged oil and natural gas production of 87 boe/d for the quarter ended 31 March 2012.


http://www.pex.com.au/qra/q312reports/mke.pdf




Magellan Petroleum Australia Ltd Price as at Mar 31st : $0.89 52 week high-low : $3.000 $1.150 Shares : 34,027,257 Cash at hand : N/A Market cap : $30.284 mil ASX code : MGN act: 7 Custom House Street,

3rd Floor PORTLAND, ME, U.S.A, 06160 Tel: (02) 9232 5500 Fax: (02) 9232 5300 Email: [email protected] Website: www.magpet.com.au

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The Palm Valley gas field, which is operated by MPAL, produced a gross average of approximately 1.1 million cubic feet per day (MMcf/D) of natural gas for sale during the three months ended March 31, 2012.

The Mereenie oil and gas field, which is operated by Santos, produced a gross average of approximately 620 bbls of oil and condensate per day for sale during the three months ended March 31, 2012.

During the three months ended March 31, 2012, Magellan sold 20 Mbbls of oil attributable to its net revenue interests in Poplar, compared to 17 Mbbls of oil sold during the same period in 2011.


http://www.pex.com.au/qra/q312reports/mgn.pdf



Metgasco Ltd Price as at Mar 31st : $0.35 52 week high-low : $0.595 $0.220 Shares : 337,396,221 Cash at hand : $15.032 mil Market cap : $118.095 mil ASX code : MEL Contact: Suite 1, Level 9,

77 Pacific Highway NORTH SYDNEY, NSW, AUSTRALIA, 2060 PO BOX 517 NORTH SYDNEY, NSW 2060 Tel: (02) 9923 9100 Fax: (02) 9923 9199 Website: www.metgasco.com.au

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Preparations are well underway to allow the proposed core well and lateral well program to commence mid year. The environmental submission for the first phase of the gas supply to Richmond Dairies is close to completion and

for submission to government. New water studies provide additional confidence in regards to environmental security. Considerable time was spent with community consultation and preparing input to the NSW Government’s proposed

new regulations. Metgasco made significant progress with studies of the potential for compressed natural gas and micro-LNG to

satisfy Northern Rivers energy demands. It has become increasingly evident to government and business groups that NSW consumers face a tightening of

gas supplies in coming years and that sensible and timely development of the State’s CSG resources is essential. Click here for full report

http://www.pex.com.au/qra/q312reports/mel.pdf




MEO Australia Ltd Price as at Mar 31st : $0.34 52 week high-low : $0.345 $0.140 Shares : 539,913,260 Cash at hand : $62.125 mil Market cap : $183.571 mil ASX code : MEO Contact: Level 23, 500 Collins Street

MELBOURNE, VIC 3000 Tel: (03) 8625 6000 Fax: (03) 9614 0660 Email: [email protected] Website: www.meoaustralia.com.au

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Concludes major seismic acquisition program in 6 Permits/PSCs. Independent resource assessment for Bonaparte Gulf Permit WA-454-P completed. Acquires 50% participating interest in block G2/48 concession in the Gulf of Thailand. Click here for full report

http://www.pex.com.au/qra/q312reports/meo.pdf



Moby Oil & Gas Ltd Price as at Mar 31st : $0.029 52 week high-low : $0.049 $0.023 Shares : 322,000,862 Cash at hand : $2.921 mil Market cap : $9.338 mil ASX code : MOG Contact: Level 21, 500 Collins Street

MELBOURNE, VIC 3000 Tel: (03) 8610 4700 Fax: (03) 8610 4799 Email: [email protected] Website: www.moby.com.au

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Qtr Report Highlights VIC-P-41 During the quarter the Company completed the transfer of an undivided 5% Participating Interest in the permit to Oil

Basin Limited pursuant to a farmout arrangement and the transfer has received the approval of the regulatory authorities.

WA-409-P A subsidiary of Apache Corporation (Apache) farmed into the permit and has funded the acquisition of the Zeebries 3D

seismic survey across the whole of the area of WA-359-P and the adjoining permit, WA-409-P. By acquiring, processing, mapping and interpreting the Zeebries 3D survey at its cost, Apache will earn a 40% equity interest and operatorship of both WA-359-P and WA-409-P. The aim of the Zeebries 3D survey was to define several new, potentially drillable, leads and prospects


http://www.pex.com.au/qra/q312reports/mog.pdf




Molopo Energy Ltd Price as at Mar 31st : $0.65 52 week high-low : $0.980 $0.525 Shares : 245,579,810 Cash at hand : $89.812 mil Market cap : $159.627 mil ASX code : MPO Contact: Level 14, 31 Queen Street,

MELBOURNE, VIC 3000 Tel: (03) 9618 8722 Fax: (03) 9620 2804 Website: www.molopo.com.au

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Crude oil production was 215 barrels per day during the Quarter, an increase of 73% over the prior quarter due to production in the United States coming on-stream and increased production in Saskatchewan.

The first three Wolfcamp wells in the Fiesta project in Texas tested with encouraging initial oil rates, confirming that Molopo’s acreage is in the oil window. Bottomhole pumps are being installed on all three wells and the wells are expected to be producing in May, allowing stabilised flow rates to be established in the next quarter.

The 09-22 well in the Estevan area in Saskatchewan, Canada showed encouraging hydrocarbon indications in the Midale and Alida intervals.

Subsequent to the end of the Quarter, Molopo. o acquired its partner’s 22% interest in the Fiesta project in Texas. o expanded its capital investment program for CY12 to $98 million.

Cash on hand was $90 million at the end of the Quarter, an increase of $42 million during the Quarter, as a result of the cash received from the sale of its Legacy shares ($67 million) more than offsetting capital and operating expenditures.


http://www.pex.com.au/qra/q312reports/mpo.pdf



Neon Energy Ltd Price as at Mar 31st : $0.43 52 week high-low : $0.590 $0.245 Shares : 432,645,272 Cash at hand : $US16.200 mil Market cap : $186.038 mil ASX code : NEN Contact: Ground Floor

88 Colin Street West Perth, WA 6005 Tel: (08) 9481 1176 Fax: (08) 9481 7720 Email: [email protected] Website: www.neonenergy.com

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Continued encouraging results in Paloma Deep-1 well. Agreed terms for farmout of Block-120 and Block-105, offshore Vietnam. Turnaround in North San Ardo production. Increased acreage position at Paloma. Incorporation to Standard & Poor’s ASX 300 market index. Click here for full report

http://www.pex.com.au/qra/q312reports/nen.pdf




New Guinea Energy Price as at Mar 31st : $0.06 52 week high-low : $0.165 $0.040 Shares : 849,991,193 Cash at hand : $7.473 mil Market cap : $51.000 mil ASX code : NGE Contact: Suite 401, Level 4,

2-10 Loftus Street Sydney NSW 2000 PO Box 1542 West Perth WA 6872 Tel: (02) 9252 0010 Fax: (02) 9252 0039 Email: [email protected] Website: http://www.ngenergy.com.au

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Qtr Report Highlights On 7 March 2012, New Guinea Energy Limited (NGE / Company) was pleased to announce that it had signed

agreements with Esso PNG Exploration Ltd (Esso), a subsidiary of Exxon Mobil Corporation, and Oil Search (PNG) Limited (OSH) regarding Petroleum Prospecting Licence (PPL) 277, currently held by Kingsbury Limited (Kingsbury), one of NGE’s wholly owned subsidiaries.

The 48 km Kapikam Seismic Survey was acquired during January-March 2012 focussing on two leads along the northeastern PPL-266 border.

The Balamaris Seismic Survey acquired 94km of data (completed 3 January 2012) across four leads on the flanks of the deepest portion of the Morehead Graben where oil generation is thought to have occurred.

The Kapikam Seismic Program acquired 48km of new data during January-March 2012 in northeastern PPL-266 straddling the PPL-261 and 268 permit boundaries.


http://www.pex.com.au/qra/q312reports/nge.pdf



New Standard Energy Price as at Mar 31st : $0.74 52 week high-low : $0.810 $0.150 Shares : 292,272,751 Cash at hand : $23.455 mil Market cap : $216.282 mil ASX code : NSE Contact: Level 3, 33 Richardson Street

WEST PERTH WA 6005 Tel: (08) 9481 7477 Fax: (08) 9486 7670 Email: [email protected] Website: www.newstandard.com.au

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Qtr Report Highlights Planning and preparation for Phase 1 of the Goldwyer exploration program accelerates. MB Century Rig-14 contracted for a multi-well program.

o Five firm wells with options over up to six additional wells o Rig #14 has successfully arrived in Darwin ahead of Phase 1 Goldwyer drilling

Advancement of civils and construction, leading towards the commencement of the Goldwyer drilling program at Nicolay-1

Amendments to ConocoPhillips farm-in agreement reached. o ConocoPhillips Phase 1 expenditure caps increased to US$13m per well.

Laurel play continues to emerge via encouraging results from Canning Basin neighbours. Merlinleigh technical appraisal close to finalisation and native title negotiations continue. Equity investment in Elixir Petroleum Limited (ASX: EXR) completed, giving New Standard a strategic 13.7%

corporate equity holding. SPP shortfall and option exercise raises additional cash. Appointment of experienced Exploration Manager. Board strengthened through appointment of experienced non-executive Director.


http://www.pex.com.au/qra/q312reports/nse.pdf




New Zealand Oil & Gas Ltd Price as at Mar 31st : $0.60 52 week high-low : $0.735 $0.475 Shares : 402,384,295 Cash at hand : $NZ186.990 mil Market cap : $241.431 mil ASX code : NZO Contact: Level 20, 125 The Terrace

WELLINGTON, NEW ZEALAND, 6143 PO Box 10725 WELLINGTON, NEW ZEALAND Tel: +64 4 495 2424 Fax: +64 4 495 2422 Email: [email protected] Website: www.nzog.com

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Qtr Report Highlights Seismic acquired over Diodore permit, Tunisia. Conditional sale of Pike River Coal mine by Receivers. Well commitment decision imminent at Kisaran permit, Indonesia. Reserves evaluation work underway at Cosmos permit, Tunisia. Gearing up for the 2012 New Zealand blocks offer. Click here for full report

http://www.pex.com.au/qra/q312reports/nzo.pdf



Nexus Energy Ltd Price as at Mar 31st : $0.22 52 week high-low : $0.469 $0.105 Shares : 1,326,821,159 Cash at hand : $36.644 mil Market cap : $291.901 mil ASX code : NXS Contact: Level 23, 530 Collins Street

MELBOUNRE VIC 3000 Tel: (03) 9660 2500 Fax: (03) 9654 9303 Email: [email protected] Website: www.nexusenergy.com.au

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Qtr Report Highlights In January 2012, Nexus signed a non-binding Heads of Agreement (HOA) with Shell Development (Australia) Pty Ltd

(Shell) and Osaka Gas Crux Pty Ltd (Osaka Gas) to exclusively pursue a Shell-led integrated gas and liquids development to commercialise the Crux asset (AC-L9).

In March 2012, a full and detailed internal review of the Longtom field reserves was completed that incorporated the extensive geological and geophysical studies conducted over the last 18 months.


http://www.pex.com.au/qra/q312reports/nxs.pdf




Nido Petroleum Ltd Price as at Mar 31st : $0.06 52 week high-low : $0.165 $0.031 Shares : 1,389,163,151 Cash at hand : $13.029 mil Market cap : $83.350 mil ASX code : NDO Contact: Aquila Centre

Level 3, 1 Preston Street COMO, WA 6152 PO Box 1190 WEST PERTH, WA 6872 Tel: (08) 9474 0000 Fax: (08) 9474 0099 Email: [email protected] Website: www.nido.com.au

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Production Activities There was no production from the Galoc oil field during the March 2012 quarter due to the completion of the

installation of the bow mounted, non-disconnectable turret mooring and riser system (M&RS) on the Galoc FPSO “Rubicon Intrepid”. The upgraded system is expected to increase the reliability and uptime of the FPSO, and is a crucial component of the infrastructure to enable the Galoc Joint Venture to move forward with the potential Phase 2 development of the Galoc oil field. Subsequent to quarter end, production recommenced at the field on 2 April 2012.

The Galoc Joint Venture has approved commencement of Front End Engineering and Design (FEED) work to determine the exact locations and number of additional wells to be drilled for Phase 2, with drilling likely to take place in 2013. The scope of FEED work includes: subsurface modelling of the reservoir; drilling and completion design; subsea engineering; and tie-back design for the new wells. The Joint Venture will also consider pre-investment in required infrastructure, including well heads, flowlines and umbilical lines during the FEED stage. The final investment decision (FID) is targeted for around mid-2012.

The Nido and Matinloc oil fields continued to produce oil on a cyclical basis, with a total of 25,007 bbls (6,366 bbls net to Nido) of the produced oil lifted and sold during the quarter.

During the quarter Nido announced the completion of an independent reserves update of the Galoc oil field up to 31 December 2011. The Estimated Reserves at the Proven (1P) category increased by 23% to 5.98 MMstb at year-end 2011 (on a 100% basis).

Exploration Activities SC-54A: Processing of the 2D seismic survey data acquired in late 2011 covering 73 full-fold line kilometres over

the Lawaan – Libas prospect area continued during the quarter. The objective of the survey is to determine whether the Lawaan and Libas prospects represent one large prospect at the Nido Limestone reservoir level.

SC-54B: Processing of the 2D seismic survey data acquired in late 2011 covering 430 full-fold line kilometres over the Pawikan lead continued during the quarter. The Pawikan lead is a large inversion structure approximately 56 sq. km. in size.

SC-58: The Philippine Department of Energy (DOE) approved a 12-month extension of Sub-Phase 3 which will now expire on 12 January 2014 and PNOC Exploration Corporation (PNOC-EC) agreed to defer the election to drill date under the Farm-in Agreement to 30 June 2013. Nido acquired 864 full-fold line kilometres of new 2D seismic survey data over the greater Bikuda – Bulador prospect area in the northern sector of SC-58 and processing of this data is expected to be completed early in the second quarter of 2012.

SC-63: Pre-planning for the commitment well continued during the quarter. Subsequent to the quarter end, PNOC-EC has agreed to assign to Nido the Technical Operatorship for the duration of the drilling of the commitment well scheduled for November 2012.



Nido Petroleum Ltd Corporate & Financial Cash on hand at the end of the March 2012 quarter of $13.0 million ( $21.6 million at 31 December 2011). During the quarter, Nido reported a 2011 full year profit of $3.8 million and record full year sales revenue of

$63.8 million. Mr Philip A. Byrne was appointed to the position of Chief Executive Officer in the March 2012 quarter. Mr Byrne

commenced with the Company on 29 December 2011 as Chief Operating Officer. Click here for full report

http://www.pex.com.au/qra/q312reports/ndo.pdf




Norwest Energy NL Price as at Mar 31st : $0.076 52 week high-low : $0.090 $0.029 Shares : 874,183,192 Cash at hand : $2.624 mil Market cap : $66.438 mil ASX code : NWE Contact: Ground Floor,

288 Stirling Street PERTH, WA 6000 PO Box 8260 Perth Business Centre PERTH, WA 6849 Tel: (08) 9227 3240 Fax: (08) 9227 3211 Email: [email protected] Website: www.norwestenergy.com.au

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Qtr Report Highlights Australian Exploration Program Norwest gains approval from Minister for Environment to carry out Arrowsmith-2 hydraulic fracture stimulation program

(Norwest 27.945% - Operator). Halliburton Shale Fracturing Equipment scheduled for Perth Basin campaign – June 2012 at completion of current

Cooper Basin contracts. TP-15 application for renewal submitted to DMP, along with required five year work program, including evaluating a

number of highly ranked prospects (Norwest 100% - Operator). Application to convert STP-SPA-0013 to exploration permit following successful airborne gravity survey with encouraging

results (Norwest 100% - Operator). 3D seismic program for North Erregulla prospect straddling permits EP-368 and EP-426 now scheduled to commence

early 2013 (Norwest 20%). United Kingdom Exploration Program 2D seismic program over UK Wessex Basin PEDL239 prospect with processing now complete- interpretation now in

progress (Norwest 75% - Operator). Compilation and integration of all available data for Wessex Basin onshore blocks PEDL-238, PEDL-239 and newly

awarded offshore blocks 98/6b, 98/7b, 98/8, 98/12 (part), 98/13 (split) currently underway with a comprehensive database being developed for this highly prospective area adjacent to the giant oil field Wytch Farm, Wessex Basin, Southern England. (Norwest interests 50 to 75% – Operator)


http://www.pex.com.au/qra/q312reports/nwe.pdf



Octanex NL Price as at Mar 31st : $0.20 52 week high-low : $0.299 $0.112 Shares : 151,204,399 Cash at hand : $18.085 mil Market cap : $30.241 mil ASX code : OXX Contact: Level 21, 500 Collins Street

MELBOURNE, VIC 3000 Tel: (03) 8610 4700 Fax: (03) 8610 4799 Email: [email protected] Website: www.octanex.com.au

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Qtr Report Highlights Operational Matters 100% interest in fourth New Zealand permit awarded. New 3D seismic surveys completed in Southern Bonaparte Basin permits. Shell secures a rig to drill the Palta-1 well, acquires the new Tortilla 2D seismic survey in WA-385-P and is granted

consent to vary the WA-394-P work programme. Processing of the new 2D and 3D seismic data in PEP-51906 and PEP-53537 completed. Corporate Activity Fully franked in-specie Special Dividend of Cue Shares and Petrel Shares declared. 10 cent call on the partly paid shares completed raising ~$7.52 million.


http://www.pex.com.au/qra/q312reports/oxx.pdf




Odin Energy Ltd Price as at Mar 31st : $0.006 52 week high-low : $0.021 $0.004 Shares : 203,360,034 Cash at hand : $0.866 mil Market cap : $1.220 mil ASX code : ODN Contact: Suite 4,16 Ord Street

WEST PERTH, WA 6005 Tel: (08) 9429 2900 Fax: (08) 9486 1011 Email: [email protected] Website: www.odinenergy.com.au

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Gas production from the Galveston 307 project averaged 3,932 MCFEPD. The Company’s Share Placement Plan closed on 29th February 2012 with the Company having received

applications for 14,200,000 shares at $0.005 per share thereby raising $71,000. Click here for full report

http://www.pex.com.au/qra/q312reports/odn.pdf



Odyssey Energy Ltd Price as at Mar 31st : $0.03 52 week high-low : $0.070 $0.028 Shares : 436,707,977 Cash at hand : $2.160 mil Market cap : $13.101 mil ASX code : ODY Contact: Level 9, BGC Centre

28 The Esplanade PERTH, WA 6000 Tel: (08) 9322 6322 Fax: (08) 9322 6558 Email: [email protected] Website: www.odysseyenergy.com.au

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During the quarter the Company assessed a number of new business opportunities and is continuing to actively pursue a number of opportunities in the resources sector, both domestic and overseas. A number of these opportunities include direct applications for new oil and gas licenses.


http://www.pex.com.au/qra/q312reports/ody.pdf




Oil Basins Ltd Price as at Mar 31st : $0.084 52 week high-low : $0.100 $0.018 Shares : 453,341,352 Cash at hand : $2.659 mil Market cap : $38.081 mil ASX code : OBL Contact: Suite 304,

22 St Kilda Road St Kilda Victoria 3182 Australia 104 Colin Street WEST PERTH, WA 6005 Tel: (03) 9692 7222 Fax: (03) 9529 8057 Email: [email protected] Website: www.oilbasins.com.au

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Qtr Report Highlights Carnarvon Work continues on assessing the additional potential contingent reserves and resources within Retention Lease R3/R1.

These new geological and geophysical studies are expected to be finalised during the June Quarter. Canning Backreef Area The Company announced on 22 March 2012 that it had secured a low cost ‘fit-for-purpose’ drilling rig from Australian

Drilling Services Pty Ltd (ADS). The Company will deploy ADS Rig#2 for the conduct of the Backreef-1 cased hole production test. Preparations are near complete and the test is planned for rig-up onsite circa 1 May 2012 (subject to the necessary

stakeholder consents and weather permitting). The Company plans to make further announcements in due course on the lead-up to this test. Permit 5/07-8 EP Mediation efforts continued during the quarter with three separate stakeholder meetings convened by the National

Native Title Tribunal. Gippsland The Company received regulatory approval from NOPTA on 16 February 2012 for the transfer of a direct 5% interest in

VIC-P-41.

During the Quarter two capital raisings were successfully transacted which fully utilised the expanded capacity of 100 million new securities by 29 February 2012, as approved by OBL Shareholders at the Company’s last Annual General Meeting on 29 November 2011.


http://www.pex.com.au/qra/q312reports/obl.pdf



Oil Search Ltd Price as at Mar 31st : $6.97 52 week high-low : $7.640 $5.430 Shares : 1,328,845,714 Cash at hand : $US904.500 mil Market cap : $9,262.055 mil ASX code : OSH Contact: Level 27, Angel Place

123 Pitt Street SYDNEY, NSW 2000 GPO Box 2442 Sydney, NSW 2001 Tel: (02) 8207 8400 Fax: (02) 8207 8500 Website: www.oilsearch.com

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Solid progress was made at all PNG LNG Project construction locations in the first quarter of 2012. Highlights during the period included the delivery of the Train 1 main cryogenic heat exchanger to the plant site and achievement of record productivity at the Komo airfield.

Oil Search’s total oil and gas production for the first quarter was 1.46 million barrels of oil equivalent (mmboe), compared to 2011 fourth quarter production of 1.64 mmboe. As foreshadowed in the 2011 final results, production was impacted by a 16 day planned facilities shutdown for work related to the PNG LNG Project.

Total oil sales for the quarter were 1.25 million barrels (mmbbl). This was slightly higher than oil production of 1.24 mmbbl, due to timing of shipments. Crude inventory awaiting sale fell from 0.20 mmbbl at the end of December 2011 to 0.15 mmbbl at the end of March 2012.

The average realised oil price during the quarter was US$124.14 per barrel, 9% higher than in the fourth quarter of 2011, with the Company remaining unhedged throughout the period.

Total operating revenue for the quarter was US$187.2 million, 7% lower than in the fourth quarter of 2011, reflecting 19% lower liftings, partly offset by the higher realised oil price and improved gas revenues.

During the quarter, Oil Search embarked on a major drilling programme designed to evaluate the oil and gas resources in a number of its licences in the PNG Highlands. The first of these wells, P’nyang South 1, located to the south of the P’nyang gas field, discovered a substantial gas accumulation in the primary reservoir objectives. The well was subsequently sidetracked in order to locate the gas:water contact. The sidetrack well has recently reached its target depth, resulting in a significant extension to the size of the known gas column.

At the end of March 2012, Oil Search held US$904.5 million in cash, excluding joint venture balances, while its revolving oil facility, with a commitment limit of US$232.0 million, remained undrawn, providing total liquidity of US$1.14 billion. US$2,014.1 million had been drawn down from the PNG LNG project finance facility at the end of March.

During the quarter, US$51.9 million was spent on exploration and evaluation activities, US$357.8 million on the PNG LNG Project and US$21.5 million on oil field development work.


http://www.pex.com.au/qra/q312reports/osh.pdf




Oilex Ltd Price as at Mar 31st : $0.28 52 week high-low : $0.485 $0.190 Shares : 253,274,885 Cash at hand : $7.736 mil Market cap : $70.917 mil ASX code : OEX Contact: Ground Floor

26 Colin Street WEST PERTH, WA 6005 Tel: (08) 9485 3200 Fax: (08) 9485 3290 Email: [email protected] Website: www.oilex.com.au

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Qtr Report Highlights Cambay PSC (45% Operator) onshore Gujarat, India Milling operations on the Cambay-76H horizontal well were completed in April with all 8 stages now expected to flow

back during well clean up and production testing. An influx of fracture sand caused the milling assembly to packoff and the drill pipe to part downhole in April.

Operations to retrieve the drill pipe are in progress and it is anticipated that on completion, production tubing will be run and the well will be flowed to surface for cleanup and production testing.

JPDA 06-103 PSC (10% Operator) offshore Timor Sea The Bazartete Prospect has been confirmed by the JPDA 06-103 Joint Venture as the prospect to be tested by

drilling the next exploration well. Planning is underway to drill the Bazartete prospect.


http://www.pex.com.au/qra/q312reports/oex.pdf



Origin Energy Ltd Price as at Mar 31st : $13.35 52 week high-low : $17.20 $12.40 Shares : 1,089,334,971 Cash at hand : N/A Market cap : $14,542.622 mil ASX code : ORG Contact: Level 45, Australia Square

264 - 278 George Street SYDNEY, NSW 2000 Tel: (02) 8345 5000 Fax: (02) 9252 9244 Website: www.originenergy.com.au

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Production 8% higher and revenues 3% higher than the December Quarter 2011. Australia Pacific LNG announced the signing of binding Heads of Agreement with Sinopec for the supply of an

additional 3.3 million tonnes of LNG and a further 10% equity stake in Australia Pacific LNG. Click here for full report

http://www.pex.com.au/qra/q312reports/org.pdf




Ormil Energy Ltd Price as at Mar 31st : $0.028 52 week high-low : $0.015 $0.029 Shares : 301,612,250 Cash at hand : $1.577 mil Market cap : $8.445 mil ASX code : OMX Contact: Level 8, 139 Macquarie Street,

Sydney, NSW, 2000 Tel: (02) 8231 7035 Fax: (02) 9241 5818 Website: [email protected]

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During the Quarter the Company drilled, completed and tested exploration well Apex Burragorang DDH1 (“AB DDH1”) in its New South Wales tenement PEL-454. AB DDH1 was spud on 20 February, 2012 and completed 5 March, 2012.

The Company with joint-venturer Apex Energy NL continued to engage with various Government Departments to obtain the necessary approvals to drill in PEL-442 and 444.


http://www.pex.com.au/qra/q312reports/omx.pdf



Otis Energy Ltd Price as at Mar 31st : $0.006 52 week high-low : $0.020 $0.004 Shares : $3.374 mil Cash at hand : $0.265 mil Market cap : 562,283,725 ASX code : OTE Contact: Suite 25, 145 Stirling Hwy

Nedlands, Perth WA 6009 Tel: (02) 8003 3438 Fax: (08) 9389 3199 Email: [email protected] Website: www.otisenergy.com

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Drilling underway at highly prospective Comanche shallow horizontal oil project. Completion and flow testing of first well at Sombrero begins May 1st. Catahoula seven well drilling program underway. Amalgamation of Catahoula Lake assets with Sanchez Oil & Gas. Terms agreed for sale of 50% of remaining acreage at Atocha to Midstates Petroleum. Completion of a fully underwritten rights issue raising $2,811,419 before costs.


http://www.pex.com.au/qra/q312reports/ote.pdf




Otto Energy Ltd Price as at Mar 31st : $0.14 52 week high-low : $0.150 $0.068 Shares : 1,138,290,071 Cash at hand : $US29.525 mil Market cap : $159.361 mil ASX code : OEL Contact: 32 Delhi Street

WEST PERTH, WA 6005 Tel: (08) 6467 8800 Fax: (08) 6467 8801 Email: [email protected] Website: www.ottoenergy.com

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SC14-C Galoc Oil Field: o Safe and on-schedule re-commissioning of the FPSO Rubicon Intrepid following planned re-

certification, maintenance, inspection and turret installation work. Production rates have been resumed at over 6,300 bopd.

o Progressed Front End Engineering and Design (FEED) toward planned Final Investment Decision (FID) expected around mid-2012 for Phase II development.

o Acquisition of new 3D seismic data covering the Galoc oil field and adjacent Galoc North exploration prospect as part of Phase II development.

Two Production Sharing Agreements (PSAs) executed for exploration areas in Tanzania. SC-55 Cinco-1 Well:

o Final condition precedent to the SC55 farm-in agreement with BHP Billiton concluded with approval of assignment and change of operator received from the Department of Energy. Work continues to procure a suitable rig for drilling the Cinco-1 exploration well.


http://www.pex.com.au/qra/q312reports/oel.pdf



Pan Pacific Petroleum NL Price as at Mar 31st : $0.16 52 week high-low : $0.175 $0.105 Shares : 588,612,110 Cash at hand : $96.000 mil Market cap : $94.178 mil ASX code : PPP Contact: Suite 1, Level 2,

123 Walker Street NORTH SYDNEY, NSW, AUSTRALIA, 2060 Tel: (02) 9957 2177 Fax: (02) 9925 0564 Email: [email protected] Website: www.panpacpetroleum.com.au

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During the March Quarter PPP continued to follow through the process of obtaining a Class Ruling from the Australian Tax Office (ATO) regarding the tax treatment to be applied in relation to the 5 cents per share return of capital announced at the Company’s 2011 AGM (subject to shareholder approval at an Extraordinary General Meeting).

The March quarter has also seen significant progress in PPP’s Joint Ventures in New Zealand, Vietnam and the Joint Petroleum Development Area (between Timor Leste and Australia) in maturing potential drilling opportunities. While final wells and drilling plans are still subject to approvals and rig availability a portfolio of some 5-6 exploration prospects and 2-4 appraisal/development opportunities has been identified providing the potential for a very exciting drilling program over the next 18 months.

Migration of sub-commercial hydrocarbon accumulations in the Company’s Carnarvon Basin permits to retention leases has been completed with the award of a Retention Lease over the Sage Oil Field. Retention Leases have been previously awarded over the Corvus (gas) and Tusk (oil) discoveries, and the Maitland Gas Field.


http://www.pex.com.au/qra/q312reports/ppp.pdf




Pancontinental Oil & Gas NL Price as at Mar 31st : $0.21 52 week high-low : $0.240 $0.060 Shares : 860,779,809 Cash at hand : $13.423 mil Market cap : $180.764 mil ASX code : PCL Contact: Ground Floor,

288 Stirling Street PERTH, WA 6000 Tel: (08) 9227 3220 Fax: (08) 9227 3211 Email: [email protected] Website: www.pancon.com.au

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Kenya L8 - Deepsea Metro 1 drillship will drill the giant Mbawa Prospect in Q3 2012, with Joint Venture drill readiness from 1 July 2012.

Kenya L8 - additional Nanaa 3D seismic survey completed March 2012. Kenya L10A & L10B - New 3D and 2D seismic surveys completed January 2012. The operator BG Group is aggressively

moving forward with the exploration programme. Kenya L6 - tenders sought for Kifaru 3D seismic survey in Q2 2012. Corporate consolidations (Dominion Petroleum, Cove Energy etc) will leave Pancontinental as the pre-eminent junior

explorer with the most extensive mature exploration projects offshore East Africa. Pancontinental is now the only junior company with significant leverage to both offshore East Africa and offshore Namibia

totalling more than 30,000 gross sq km. April 2012 (post March Quarter) – up to $50 million capital raising announced to fund accelerating levels of high impact

African exploration and financially position the company to maintain its significant interests in its projects in East Africa and Namibia.


http://www.pex.com.au/qra/q312reports/pcl.pdf



Petrel Energy Ltd Price as at Mar 31st : $0.075 52 week high-low : $0.077 $0.033 Shares : 270,135,535 Cash at hand : $6.671 mil Market cap : $20.260 mil ASX code : PRL Contact: Level 3, 10 Bridge Street

SYDNEY, NSW 2000 Tel: (02) 9254 9000 Fax: (02) 9252 0255 Website: www.pestsec.com.au

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Successful merger with Petrel Energy Pty Ltd closed in January and name changed to Petrel Energy Ltd (ASX code: PRL). Installation of all surface facilities for first phase of Barnett Shale joint venture project in Texas completed during first quarter. Stimulation and completion of three Barnett Shale gas development wells scheduled for April-May period leading to

initial gas production shortly thereafter. At the end of the March quarter, Petrel had $7.5m in cash and listed securities. Expressions of interest sought for seven NSW licences as Company focuses on more attractive nearterm production

and growth opportunities elsewhere.


http://www.pex.com.au/qra/q312reports/prl.pdf




Petsec Energy Ltd Price as at Mar 31st : $0.22 52 week high-low : $0.240 $0.115 Shares : 235,683,622 Cash at hand : $US38.400 mil Market cap : $51.850 mil ASX code : PSA Contact: Level 13, Goldfields House

1 Alfred Street SYDNEY, NSW 2000 Tel: (02) 9247 4605 Fax: (02) 9251 2410 Website: www.pestsec.com.au

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In February 2012, the Company agreed to participate in a shale oil project in Alberta, Canada where it can earn a 24.5% working interest in leases covering 17,280 acres by participating in up to four wells. The first well was drilled in March 2012 and was extensively logged and cored.

A third well on the Marathon gas/condensate Field, with a target depth of 19,000 feet, was spud in early March 2012 to serve as a further development well for the field.


http://www.pex.com.au/qra/q312reports/psa.pdf



Planet Gas Ltd Price as at Mar 31st : $0.033 52 week high-low : $0.065 $0.019 Shares : 537,622,535 Cash at hand : $1.744 mil Market cap : $17.742 mil ASX code : PGS Contact: Level 2 66 Hunter Street

SYDNEY NSW 2000 Tel: (02) 9300 3322 Fax: (02) 9221 6333 Email: [email protected] Website: www.planetgas.com

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PEL-514 Farm-In arrangements finalised. PEL-514 commencement of 3D seismic survey imminent.


http://www.pex.com.au/qra/q312reports/pgs.pdf




Po Valley Energy Ltd Price as at Mar 31st : $0.14 52 week high-low : $0.240 $0.135 Shares : 111,147,396 Cash at hand : €1.117 mil Market cap : $15.561 mil ASX code : PVE Contact: Level 28, 140 St Georges Terrace

PERTH, WA 6000 Tel: (08) 9278 2533 Fax: (08) 9278 2525 Email: [email protected] Website: www.povalley.com

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Qtr Report Highlights Castello field restarted production in February 2012. Castello and Sillaro gas fields currently producing at a combined daily rate of 77,000 cubic metres per day (2.7

million cubic feet per day). Gas production for the quarter, with the contribution of both producing gas fields was 5.5 million cubic metres (0.2 bcf). Revenue for the quarter was € 2.1m (AUD 2.6m). Reserves and Resources audited by the independent experts Fugro Robertson Limited (FRL) and released in the

2011 Annual Report. Bezzecca - Production concession application is continuing to progress. San Vincenzo/S. Alberto – Updated production licence application lodged with the Ministry. Bagnolo in Piano and Ravizza oil discoveries - Data review finalised with potential Best estimate Contingent

Resources (2C) of 10 million barrels (mmbbls). Canolo -1, -2 and Zini-1 wells - Drilling applications have been lodged with the Ministry. AR168PY– Final permit award imminent. ENI data review finalised with Best estimate Contingent Resources (2C) of

702.3 million cubic metres (24.8 bcf) of gas. Tozzona exploration block preliminary award received: EIA clearance under way. Average ENI gas release price for the quarter increased to €/cent 43.33 per cubic metre (14.87 AUD/Mcf) while the

average realised price was €/cent 38.44 per cubic metre (13.36 AUD/Mcf). Cash at bank and cash equivalents at the end of the quarter was €1.1 m (AUD 1.4m). Positive EBITDA margin and

operating cash flow. The current use of the Lloyds Senior Facility is €6.0m (AUD 7.4m) The borrowing base limit for 1H 2012 has been

set at € 7.6m (AUD 9.4m). The farmout effort continues for a portfolio of development, appraisal and pure exploration projects. Click here for full report

http://www.pex.com.au/qra/q312reports/pve.pdf



Pryme Energy Ltd

Price as at Mar 31st : $0.05 52 week high-low : $0.180 $0.040 Shares : 257,841,350 Cash at hand : $5.773 mil Market cap : $12.892 mil ASX code : PYM Contact: Level 7, 320 Adelaide Street

BRISBANE, QLD 4000 Tel: (07) 3371 1103 Fax: (07) 3371 1105 Email: [email protected] Website: http://www.prymeoilandgas.com

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Qtr Report Highlights Deshotels 20H-1 (Before Payout 36% WI / 27% NRI, After Payout 40% WI / 30% NRI) The average daily production rate for this well during the March 2012 quarter was 67 Bbls/day. Pryme’s 27% net

revenue interest share equates to 18 Bbls/day of oil. Production from the Deshotels 20H has remained stable despite mechanical issues impeding its effective completion when

drilled in 2011.

Rabalais 35-1 (8.8% Working Interest / 6.6% NRI) In its announcement of 16 February 2012, Pryme reported that the Rabalais 35-1 well, operated by Anadarko Petroleum, was

unlikely to produce commercial quantities of oil and natural gas. Anadarko has subsequently advised that the well will be plugged and abandoned.

Catahoula Lake Project (50% WI / 37.5% NRI) Pryme successfully negotiated the sale of its interest in the Catahoula Lake project in LaSalle, Rapides and Grant parishes,

Louisiana to the Sanchez Oil and Gas Group. Click here for full report

http://www.pex.com.au/qra/q312reports/pym.pdf




Quest Petroleum NL Price as at Mar 31st : $0.006 52 week high-low : $0.007 $0.003 Shares : 2,038,858,084 Cash at hand : $2.061 mil Market cap : $12.233 mil ASX code : QPN Contact: Level 21, Allendale Square

77 St Georges Terrace PERTH WA 6000 PO Box 8146 SUBIACO EAST, WA 6008 Tel: (08) 9389 2000 Fax: (08) 9389 2099 Email: [email protected] Website: www.qpnl.com.au

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Ranau PSC Drilling Programme in Jaya Sub‐Basin Brought Forward. Joint Study Identifies Prospective Resources and confirms:

o Ranau PSC contains four new Sub‐basin Extensions of prolific o South Sumatra Basin o Sub‐basins share same geology as South Sumatra Basin o Sub‐basins have sufficient thermal maturity to generate oil and gas o Proven petroleum system in surrounding areas o Ranau PSC virtually unexplored

Corporate Key Board and Management Appointed.


http://www.pex.com.au/qra/q312reports/qpn.pdf



Range Resources Ltd Price as at Mar 31st : $0.19 52 week high-low : $0.350 $0.105 Shares : 2,292,807,605 Cash at hand : $24.474 mil Market cap : $435.634 mil ASX code : RRS Contact: Ground Floor, 1 Havelock Street,

WEST PERTH WA 6005 Tel: (08) 9488 5220 Fax: (08) 9324 2400 Email: [email protected] Website: www.rangeresources.com.au

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Qtr Report Highlights During the quarter the Company continued its development drilling program on its Morne Diablo license with the

successful completion of the QUN 118ST, QUN 119, QUN 120 and QUN 122 wells with the QUN 121 well underway, with its surface hole drilled and surface casing cemented.

During the quarter, site construction commenced in readiness for the second exploration well in Georgia ‐ the Namakhvani well (TD circa 3,500m) which is the Kursebi-6 Prospect.

During the quarter the Joint Venture successfully spudded the historic Shabeel‐1 well on the Dharoor Block in Puntland, Somalia which is being drilled to a target depth of 3,800 metres and is the first of two highly prospective exploration wells to be drilled in the Dharoor Valley by the Joint Venture.

During the quarter, Range entered into an agreement with the Puntland Government with respect to obtaining a 100% working interest in the highly prospective Nugaal Basin Offshore Block.

During the quarter, the Company announced further success in the appraisal and development of the North Chapman Ranch Field in Texas (Range 20‐25% interest), with the successful drilling of the Smith-2 and Albrecht-1 wells.

During the quarter, the operator on East Texas Cotton Valley prospect, Crest Resources received approval from the partners for fracture stimulation of the Ross 3H Horizontal Well, and is in the process of scheduling the frac work and subsequent testing during 2Q 2012, which is expected to confirm commerciality of this shallow oil field.

During the quarter the Company announced that it is had secured a 65% farm‐in opportunity (350m of 3D seismic, 2 new wells and 1 well re‐entry) on two highly prospective licenses in the on shore Putamayo basin in Southern Columbia.


http://www.pex.com.au/qra/q312reports/rrs.pdf




Rawson Resources Ltd Price as at Mar 31st : $0.08 52 week high-low : $0.115 $0.050 Shares : 94,247,150 Cash at hand : $1.298 mil Market cap : $7.539 mil ASX code : RAW Contact: Suite 2, 163 Burns Bay Road

LANE COVE, NSW 2066 Tel: (02) 9255 7428 Fax: (02) 9872 9810 Website: www.rawsonresources.com

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In New Zealand's Canterbury basin, during February 2012 the Rawson Zeanco joint venture completed a 1000 sample infill soil-gas geochemical survey over prospective leads in the Waitaki valley and interpretation and mapping of the reprocessed offshore seismic.

In the north of New Zealand's South Island on 7th March 2012 the joint venture was awarded PEP-52676 covering the southern extension of the East Coast Basin. A 700 sample soil-gas geochemical survey was completed in this permit during March 2012.

In New Zealand's North Island the joint venture partners were awarded PEP-53674 on March 15th 2012 in the Wairarapa region of the East Coast Basin.

In EP-97 Rawson has extended the option with Central Petroleum by one year and varied it so the agreement now covers the Simpson, Bejah and Pellinor blocks. Central will be acquiring new seismic in the Pellinor block which is due to commence in June 2012.

Otway Energy Limited (37.5% owned by Rawson) has applied for the renewal of its exploration licence PEL-154 and is awaiting formal confirmation from PIRSA. The permit term will be for five years and the area has been reduced but still covers

the 3-D survey and the main area prospective for shale gas. Otway Petroleum (37.5% owed by Rawson). Both exploration licences PEL-154 and PEL-155 have been renewed for five

years following a 75% relinquishment at the end of the first term. The area remaining covers the 3-D surveys and the areas prospective for shale gas. Kea Petroleum Ltd, ( Rawson 5% shareholder). During the quarter Kea drilled the Puka oil discovery in PEP-51153. Oil

indications were clearly seen on the logs and the well will be tested shortly. Subsequent to the end of the quarter, Kea commenced drilling the Douglas1 well also in PEP-51153.


http://www.pex.com.au/qra/q312reports/raw.pdf



Red Emperor Resources NL Price as at Mar 31st : $0.64 52 week high-low : $0.765 $0.170 Shares : 236,759,946 Cash at hand : $12.428 mil Market cap : $151.526 mil ASX code : RMP Contact: 945 Wellington Street

WEST PERTH, WA 6005 Tel: (08) 9322 7600 Fax: (08) 9322 7602 Email: [email protected] Website: www.redemperor.com.au

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Qtr Report Highlights Drilling commenced at Puntland Project. Placement completed raising approximately £8.18 million (A$13 million).


http://www.pex.com.au/qra/q312reports/rmp.pdf




Red Fork Energy Ltd Price as at Mar 31st : $1.02 52 week high-low : $1.060 $0.340 Shares : 310,229,853 Cash at hand : $US29.522 mil Market cap : $316.435 mil ASX code : RFE Contact: Level 2, 79 Hay Street

SUBIACO, WA, AUSTRALIA, 6008 Tel: (08) 9200 4470 Fax: (08) 9200 4471 Email: [email protected] Website: www.redforkenergy.com.au

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Qtr Report Highlights Big River horizontal Mississippian development continues. Red Fork now has five horizontal wells across two Development Areas (drilling, awaiting completion, testing or in

production) in the Eastern limb of the Mississippi Lime play in Oklahoma. Second rig deployed in the Development Area 2 (Noble County) as activity ramps up. Mississippian holdings reach 75,000 net acres as successful in-fill leasing activities continue. Gross revenue for the quarter was US$1.62 million with receipts from sales of US$1.53 million. Production for the quarter was 35Mboe (389Boe/day). Click here for full report

http://www.pex.com.au/qra/q312reports/rfe.pdf



Red Sky Energy Ltd Price as at Mar 31st : $0.007 52 week high-low : $0.018 $0.005 Shares : 1,414,583,151 Cash at hand : $0.487 mil Market cap : $9.902 mil ASX code : ROG Contact: Level 17, 500 Collins Street

MELBOURNE, VIC, 3000 Tel: (08) 9486 1122 Fax: (08) 9486 1011 Email: [email protected] Website: www.redskyenergy.com.au

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Qtr Report Highlights The Company strategy shifted to a focus on near term production with the discovery of the highly prospective

Kangaroo Creek sandstone gas resource in the Clarence Moreton basin in north east NSW. Most effective low cost appraisal of this discovery is via the proposed Talma Pilot. Application for regulatory approval for the Talma Pilot was submitted, with approval expected in April 2012.


http://www.pex.com.au/qra/q312reports/rog.pdf




Rialto Energy Ltd Price as at Mar 31st : $0.44 52 week high-low : $0.600 $0.240 Shares : 618,310,224 Cash at hand : $86.576 mil Market cap : $272.057 mil ASX code : RIA Contact: Level 1, 34 Colin Street

WEST PERTH WA 6005 Tel: (08) 9211 5000 Fax: (08) 9486 9362 Email: [email protected] Website: www.rialtoenergy.com

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Qtr Report Highlights Block CI-202, Côte d’Ivoire Gazelle P-3 Appraisal/Development well commenced on 12 March 2012. First well of a three well programme which

includes the high-impact Chouette exploration well (84mmbo gross mean prospective resource). Successful capital raising and share purchase plan completed. Along with finalisation of investment by the International

Finance Corporation, a member of the World Bank Group, sees Rialto fully funded for its current drilling programme. Processing and interpretation of full-fold 3D seismic acquired during 1st Quarter 2012 is providing a more complete

understanding of existing discoveries in CI-202 and revealing several high quality exploration prospects and leads for future drilling.

Rialto successfully listed on the London AIM market in April 2012. WA-399-P, Western Australia Processing and interpretation of 3D seismic data acquired during 2011 by the Operator, Apache Energy, continues in

order to high grade drilling targets. Click here for full report

http://www.pex.com.au/qra/q312reports/ria.pdf



Roc Oil Company Ltd Price as at Mar 31st : $0.40 52 week high-low : $0.485 $0.250 Shares : 684,600,000 Cash at hand : $US14.700 mil Market cap : $273.840 mil ASX code : ROC Contact: Level 18, 321 Kent Street,

SYDNEY, NSW 2000 Tel: (02) 8023 2000 Fax: (02) 8023 2222 Website: www.rocoil.com.au

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Qtr Report Highlights Zhao Dong Oil Fields, Bohai Bay, Offshore China C&D Oil Fields (ROC: 24.5% & Operator) gross oil production averaged 18,313 BOPD (ROC: 4,487 BOPD); up 4%

compared to the previous quarter due to development drilling activities. C4 Oil Field (ROC: 11.575% unitised & Operator) gross oil production averaged 1,455 BOPD (ROC: 168 BOPD); down

41% compared to the previous quarter due to natural decline. Zhanghai Block (ROC: 39.2% & Operator) gross oil production averaged 109 BOPD (ROC: 43 BOPD); down 28%

compared to the previous quarter due to natural decline.

Cliff Head Oil Field, WA-31-L, Offshore Western Australia (ROC: 42.5% & Operator) Gross oil production averaged 3,289 BOPD (ROC: 1,398 BOPD); down 8% compared to the previous quarter primarily

due to an unplanned four day shut down during January because of localised bushfires. No damage occurred to the onshore processing facilities and production resumed without incident. In February, Cliff Head operations achieved six years without a Lost Time Injury ("LTI").

Blane Oil Field, North Sea (ROC: 12.5%) Gross oil production averaged 7,426 BOPD (ROC: 928 BOPD); down 17% from the previous quarter due to operational

restrictions on the host platform in late January and early February and a planned maintenance shutdown related to production wellheads in March.

Enoch Oil and Gas Field, North Sea (ROC: 12%) Gross oil production averaged 827 BOPD (ROC: 99 BOPD); down 68% from the previous quarter. Due to mechanical

issues related to subsea equipment, production from the Enoch oil and gas field was shut in on 29 January and is expected to be offline for the remainder of 2012. ROC is awaiting advice from the operator (Talisman North Sea Limited) regarding the potential work programme and costs of remedial activities required to reinstate production. No environmental or safety incidents occurred as a result of the mechanical problems at Enoch.

Chinguetti Oil Field, PSC Area B, Offshore Mauritania (ROC: 3.25%) Gross oil production averaged 4,484 BOPD (ROC: 146 BOPD); down 32% from the previous quarter due to an

unplanned 19 day shut down related to a hydrate blockage in the gas supply line in late January and early February and an eight day shut down related to subsea communication and control issues in late March. Both problems have been subsequently rectified. Completion of the transaction relating to the sale by ROC of its offshore Mauritanian interests is anticipated in 1H 2012.




Roc Oil Company Ltd Development Assets WZ 6-12 and WZ 12-8 West Oil Field Development, Beibu Gulf, Offshore China (ROC: 19.6%) The Environmental Impact Assessment was approved by the State Oceanic Administration in February. The final

government approval required is sanction of the project by the National Development and Reform Commission. Development activity continued during the Quarter and included ongoing onshore platform fabrication. Drilling activity is

expected to commence mid-year and will include four exploration/appraisal wells, to be followed by the development drilling programme in 4Q 2012.

The operator still anticipates first oil production from the Beibu Gulf project by the end of 2012. The ramp-up to full-field peak production is anticipated during 2013.

Zhao Dong Oil Fields, Bohai Bay, Offshore China A total of 20 development wells (16 producers and 4 injectors) are planned to be drilled during 2012. The development

drilling programme commenced on 15 February, with the drilling of three new production wells and two workovers at the C&D fields during the Quarter.

Technical work on the Zhanghai and Chenghai blocks continued during the Quarter. A second appraisal well is planned to be drilled in Zhanghai block during 4Q 2012.

Basker-Manta-Gummy Oil and Gas Fields, VIC/L26, VIC/L27 & VIC/L28, Offshore Victoria (ROC: 30% & Operator) During the Quarter, activities to enter the field into the Non-Production Phase ("NPP") continued and included: the

removal of the Crystal Ocean’s detachable turret mooring from the field; the trenching of a subsea flow line in the field; and offshore deconstruction and well intervention activities. These activities were successfully undertaken without experiencing an LTI or significant loss of containment incident.

ROC’s share of cash paid for NPP activities during the Quarter was US$7.5 million. This amount will be reflected in the operating activities section of ROC’s 2012 Consolidated Statement of Cash Flows and will reduce a restoration provision in the Consolidated Statement of Financial Position.

Activities to enter the field into the NPP concluded following the end of the Quarter and the project was completed on budget.

Exploration and Appraisal Assets Balai Cluster Small Field Risk Service Contract, offshore Sarawak, Malaysia (ROC: 48%) The pre-development phase of the Balai Cluster RSC is progressing and work undertaken during the Quarter included:

the fabrication of four wellhead platforms (commencement of load-out and installation activities is anticipated mid-year); the finalisation of a drilling rig contract (drilling is anticipated to commence mid-year); and commencement of the conversion of a purchased vessel to an Early Production Vessel (EPV). The pre-development phase is expected to be completed by February 2013.

During the Quarter, ROC directly contributed funds of US$14.4 million to BC Petroleum Sdn Bhd for pre-development phase activities relating to the Balai Cluster RSC. The amount of equity invested will be reflected in the investing activities section of ROC’s 2012 Consolidated Statement of Cash Flows, rather than in the development activities section. Project financing to assist in funding of the pre-development phase is anticipated to be finalised over coming weeks.

WZ 6-12 and WZ 12-8 West Oil Field Development, Beibu Gulf, Offshore China (ROC: 40% & Operator) Planning continues for the drilling of four near-field exploration/appraisal wells during 2012. Several of the wells are

planned to be drilled from the WZ 6-12 wellhead platform following its scheduled installation in 2Q 2012. If successful and commercial, these wells could be completed and included as additional production wells for the Beibu Gulf project.

Australasia PEP-52181, Offshore Taranaki, New Zealand (ROC: 50% & Operator): ROC notified joint venture partners of its withdrawal

from the permit on 23 March and is awaiting necessary government approvals before the withdrawal is finalised. PEP-38259, Canterbury Basin, Offshore New Zealand (ROC: 15%): The finalisation of ROC’s withdrawal from the permit

was completed during the Quarter.

Africa Progress continues to complete the transactions relating to the sale by ROC of its offshore Mauritania and Mozambique

Channels interests. Block H, Offshore Equatorial Guinea (ROC: 20%): Preparations continue for the drilling of an exploration well, through

which ROC has a free carry. An option is in place for White Rose Energy Ventures (Equatorial Guinea) Limited to acquire ROC’s remaining interest in Block H for US$16.1 million prior to the spud of any exploration well.


http://www.pex.com.au/qra/q312reports/roc.pdf



Samson Oil & Gas NL Price as at Mar 31st : $0.12 52 week high-low : $0.205 $0.082 Shares : 1,750,169,370 Cash at hand : $US31.419 mil Market cap : $210.020 mil ASX code : SSN Contact: Level 36 Exchange Plaza,

2 The Esplanade PERTH, WA 6000 PO Box 7654 Cloisters Square PERTH, WA 6850 Tel: (08) 9220 9830 Fax: (08) 9220 9820 Email: [email protected] Website: www.samsonoilandgas.com.au

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Qtr Report Highlights Operational A jet pump has been installed on the Defender US33 #2-29H well in Goshen County, WY to alleviate gas locking and

sanding issues that were experienced with the traditional pump jack that has been on the well since inception. The well produced 5,238 barrels of oil prior to this new workover operation. The well produced as high as 288 BOPD.

The Australia II 12KA 6, #1-29H well in Roosevelt County, MT has been fracture-stimulated and is currently waiting on construction of production facilities. Approximately 600 barrels of oil were produced during drill-out operations before the well was shut-in for facilities to be built. This operation should be completed over the next two weeks.

The Gretel II 12KA 3 #1-30H well in Roosevelt County, MT has been drilled and fracture stimulated. A workover rig on the well is currently drilling out frac plugs.

Preparations to spud Sprit of America US34 #2-29 are advanced with the Frontier Rig 11 on site. The well will spud on or around May 1 following the completion of its existing well for another operator.

The North Dakota Industrial Commission approved the spacing order request for North Stockyard allowing for the drilling of four in-fill locations.

Land Samson’s current land position in the Hawk Springs projects stands at 18,580 net acres after assuming that our farm-in

partner exercises their option to drill the second farm-in well. Samson’s current land position in the Roosevelt Project is 23,000 acres (subject to FPEC’s back-in right) and is most

likely to be a net 31,000 acres (should Samson elect to exercise its current option and FPEC elect its back-in right) with potential to grow that position to a net 35,000 acres with additional leasing activity.


http://www.pex.com.au/qra/q312reports/ssn.pdf




Santos Ltd Price as at Mar 31st : $14.24 52 week high-low : $16.900 $10.110 Shares : 952,773,666 Cash at hand : N/A Market cap : $13,567.497 mil ASX code : STO Contact: Ground Floor Santos Centre

60 Flinders Street ADELAIDE, SA 5000 GPO Box 2455 ADELAIDE, SA 5001 Tel: (08) 8116 5000 Fax: (08) 8116 5050 Website: www.santos.com

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Final investment decision on the $490 million Fletcher Finucane oil project in the Carnarvon Basin, offshore Western Australia. First oil is expected in the second half of 2013. First gas from Wortel in Indonesia at the end of January, with the project delivered on budget. First permanent concrete pour on Curtis Island for the GLNG train-1 foundations. Fracture stimulation underway at the end of the quarter at Moomba-191, Santos’ first dedicated vertical shale well in the

Cooper Basin. Gas discovery at Sangu-11 in Bangladesh, which has been tied into the Sangu facilities. Click here for full report

http://www.pex.com.au/qra/q312reports/sto.pdf



Senex Energy Ltd Price as at Mar 31st : $1.05 52 week high-low : $1.220 $0.300 Shares : 923,847,416 Cash at hand : $74.099 mil Market cap : $970.040 mil ASX code : SXY Contact: Level 11,

144 Edward Street Brisbane QLD 4001 Tel: (07) 3837 9900 Fax: (07) 3837 9999 Email: [email protected] Website: www.senexenergy.com

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Oil production continues to increase: Senex Energy Limited (Senex) produced 258,558 barrels of oil (gross) in the March quarter, 159,357 barrels net to Senex. Net oil production for the nine months to 31 March 2012 was 372,948 barrels of oil, which is four times Senex’s net total production for 2011. Despite significant production deferment and field development delays during the quarter due to localised rain events, Senex is working hard to achieve its stated 2011/12 production target of 700,000 barrels oil.

Prolific Growler oil field expanded: Senex drilled three successful appraisal wells at Growler oil field and increased production by 58% during the quarter.

Oil appraisal program extended: Senex and Beach Energy Limited (Beach) agreed to add three appraisal wells to its current drilling program on the western flank of the South Australian Cooper Basin, raising the total number of exploration and appraisal wells to 14.

Dedicated unconventional gas program commenced: Senex drilled and extensively cored Sasanof-1, the first of three unconventional gas exploration wells planned for 2011/12. The well will be hydraulically fracture stimulated during May 2012. Preliminary results from the Sasanof-1 exploration well suggest the southern Cooper Basin could host a world-class unconventional gas resource.

Coal seam gas appraisal delivered excellent results: Gas flowed to surface while drilling and testing the Kato-2 exploration well in Queensland’s Surat Basin. Initial results indicated excellent permeability and good coal and carbonaceous shale thicknesses.

Financial position strengthened: Oil sales for the quarter delivered more than US$19 million, representing a 35% revenue improvement on the previous quarter. At 31 March 2012, Senex had cash at hand of $74 million.

Significant oil reserves upgrade: On 4 April, Senex received independent certification of a major oil reserves upgrade across its Cooper Basin acreage, with Proved (1P) reserves at Growler oil field increased by 138%.


http://www.pex.com.au/qra/q312reports/sxy.pdf




Sino Gas & Energy Ltd Price as at Mar 31st : $0.09 52 week high-low : $0.096 $0.034 Shares : 1,120,417,120 Cash at hand : $2.287 mil Market cap : $100.838 mil ASX code : SEH Contact: Paul Mason

311-313 Hay Street, SUBIACO PERTH, WA 6008 Tel: 04 39 932 477 Fax : (08) 9388 3701 Website: www.sinogasenergycom

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A significant strengthening of the board, and executive management including the appointment of Robert Bearden, an experienced oil & gas industry professional, as President & CEO to lead the Company through the next phase of its development.

An independent assessment of Sino Gas’s projects, resulting in Contingent & Prospective Resources of 3.6 Tcf and risked project value of $1.8 billion.

The appointment of Argonaut Capital to raise $30 million - with settlement expected towards the end of May 2012. Substantial marketing activities conducted in Australia, Hong Kong and Singapore.


http://www.pex.com.au/qra/q312reports/seh.pdf



Solimar Energy Ltd Price as at Mar 31st : $0.08 52 week high-low : $0.125 $0.046 Shares : 445,825,519 Cash at hand : $0.515 mil Market cap : $35.666 mil ASX code : SGY Contact: 566 Elizabeth Street

MELBOURNE, VIC, 3000 Tel: (08) 9347 2409 Fax: (08) 9349 1186 Email: [email protected] Website: www.solimarenergy.com.au

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Qtr Report Highlights Capital Raising Raised C$2.8m in February through the issue of a convertible debenture to sophisticated investors. A further

C$1.1m was raised in April through an issue of shares and warrants to investors in North America. Paloma Testing operations continued at Paloma focusing on the Antelope Shale zone with estimates of some 366 feet of

gross pay. Kreyenhagen Planning well underway to implement a multi-stage program of production testing, cyclic steam pilot and drilling of

appraisal wells during the remainder of 2012. Asset rationalization Offers have been received for the cash sale of non core assets to support focusing the Company’s resources on its

key projects, in particular Kreyenhagen.

Sales Production and Revenue During the March quarter, a total of 1,652 barrels of oil were sold from the Maricopa Project. Solimar’s share of oil revenue received in the March quarter (before royalties) was approximately A$96,000. Click here for full report

http://www.pex.com.au/qra/q312reports/sgy.pdf




Somerton Energy Ltd Price as at Mar 31st : $0.14 52 week high-low : $0.170 $0.110 Shares : 142,486,642 Cash at hand : $6.176 mil Market cap : $19.948 mil ASX code : SNE Contact: 25 Conyngham Street

GLENSIDE, SA 5065 Tel: (08) 8433 1481 Fax: (08) 8338 2336 Email: [email protected] Website: www.somertonenergy.com.au

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Qtr Report Highlights PEP-151 (Otway Basin Vic, Somerton 75%) The PEP-151 Joint Venture has applied for a suspension of the work obligations and a variation to the terms of the

tenement to allow the feasibility of seismic acquisition over the Arakua prospect to be further investigated. PEP-168 (Otway Basin Vic, Somerton 50%) During the quarter seismic acquisition commenced in PEP-168. PRL-2 (Gippsland Basin Vic, Somerton option to earn up to 16.7%) During the quarter the farmin agreement between Somerton, Beach Energy Limited, Petro Tech Pty Ltd (a

subsidiary of Lakes Oil NL) and Jardine Corporation Australia Pty Ltd was executed. Commencement of fracture stimulation and testing of Wombat-4 and Boundary Creek-2 is awaiting regulatory approval.


http://www.pex.com.au/qra/q312reports/sne.pdf



Strategic Energy Resources Limited Price as at Mar 31st : $0.12 52 week high-low : $0.170 $0.071 Shares : 348,622,501 Cash at hand : $1.294 mil Market cap : $41.835 mil ASX code : SER Contact: Suite 304, 22 St Kilda Road

ST KILDA VIC 3182 Website: www.strategicenergy.com.au

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Demerger scheme approved by shareholders. Subsequent to end of quarter significantly improved deal agreed with MEGA Graphite. Cultana access application for exploration submitted, negotiations progressing very well.


http://www.pex.com.au/qra/q312reports/ser.pdf




Strike Oil Ltd Price as at Mar 31st : $0.22 52 week high-low : $0.225 $0.100 Shares : 496,872,605 Cash at hand : $3.785 mil Market cap : $109.312 mil ASX code : STX Contact: Ground Floor

10 Ord Street WEST PERTH, WA 6005 Tel: (08) 6103 0999 Fax: (08) 6103 0990 Email: [email protected] Website: www.strikeenergy.com.au

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Cooper Basin – drilling of the Marsden-1 coal and shale evaluation well. Eagle Ford Shale – over 9,400 net acres now leased. Successful capital raising.


http://www.pex.com.au/qra/q312reports/stx.pdf



Sun Resources NL Price as at Mar 31st : $0.02 52 week high-low : $0.034 $0.014 Shares : 1,132,197,398 Cash at hand : $3.442 mil Market cap : $22.644 mil ASX code : SUR Contact: 5 Bendsten Place, Balcatta

PERTH, WA 6021 Tel: (08) 9345 4100 Fax: (08) 9345 4541

Email: [email protected] Website: www.sunres.com.au

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Qtr Report Highlights Delta Oil Project, USA Sun Resources NL (“Sun” or “Sun Resources”) is acquiring the Delta Oil Project, consisting of up to 10,000 acres of oil

and gas leases in the emerging „Eaglebine‟ oil play within the shallow oil zone of the Eagle Ford Shale trend. During the quarter Sun announced that it had secured its fifth and sixth tranches of acreage in the Eaglebine oil play,

along trend of the Eagle Ford Shale Fairway, with an outstanding lease holding of 7,605 net acres in the Delta Oil Project as of 21 March 2012.

Subsequent to the end of the Quarter, on 20 April 2012, Sun announced it was undertaking due diligence on a seventh tranche of acreage that will take Sun‟s holding beyond 8,000 acres, once completed.

Independent petroleum engineering and geological consulting firm Ralph E. Davis estimates unrisked 10 million barrels of net Prospective Oil Resources in one sand unit of the Delta Oil Project and potential upside of a further unrisked 10 to 20 million barrels of Prospective Oil Resources in other sand units in the 450 feet thick prospective sequence.

The Delta Oil Project also includes 5 secondary oil and gas target horizons, including the Sub-Clarksville and Buda-Georgetown horizons that lie adjacent to the Woodbine/Eagibine section, where oil and gas discoveries have already been made in close proximity to the Delta Oil Project.

Recent industry research confirms a significant upside case for Sun‟s Delta Oil Project. Strong oil production rates that are being reported in nearby Woodbine/Eaglebine horizontal production wells validate

Sun‟s entry into the Delta Oil Project, and demonstrate the prospectivity of the Delta Oil Project. Strong industry interest in nearby Woodbine/Eaglebine acreage confirms then potential of Sun‟s significant acreage position. Discussions with potential joint venture partners ongoing. Corporate Mr Damian Kestel joined the Board as a non-executive director, effective 1 February 2012 and Mr John Kenny joined the

Board as a non-executive director, effective 1 March 2012. Click here for full report

http://www.pex.com.au/qra/q312reports/sur.pdf




Sundance Energy Australia Ltd Price as at Mar 31st : $0.79 52 week high-low : $0.965 $0.365 Shares : 277,098,474 Cash at hand : $US4.944 mil Market cap : $218.908 mil ASX code : SEA Contact: 32 Beulah Road

NORWOOD, SA, AUSTRALIA, 5067 Tel: (08) 8363 0388 Fax: (08) 8132 0766 Email: [email protected] Website: www.sundanceenergy.com.au

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Added 11,206 net acres in the Anadarko Basin in Oklahoma and Kansas bringing the Company’s net acreage in the basin to 18,565.

Drilling commenced on Leon Pecha 1‐11H, the first Company operated horizontal Mississippian well. The Breeden 2‐17H, a Sundance‐operated horizontal Niobrara well, was completed and reported 24‐hour production of

294 BOE. 51 gross (8.4 net) wells were brought into production since the beginning of the fiscal year. At quarter‐end, an additional 22 gross (1.9 net) wells were drilling or completing


http://www.pex.com.au/qra/q312reports/sea.pdf



Tamaska Oil and Gas Ltd Price as at Mar 31st : $0.001 52 week high-low : $0.004 $0.001 Shares : 6,396,006,280 Cash at hand : $2.003 mil Market cap : $6.396 mil ASX code : TMK Contact: Level 21, Allendale Square

77 St Georges Tce PERTH 6000 Tel: (08) 9389 2000 Fax: (08) 9389 2099 Website: www.tamaska.com.au

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Qtr Report Highlights Settlement of first Duvernay Shale and Rock Creek acreage sale – Alberta Joint Venture (AJV) sold an 80% interest

in 30 sections for C$20m cash and 2 well farm-in (TMK 8% Duvernay, 16% Rock Creek) AJV completed a second acreage sale in January, with the outright sale of 8 sections of Duvernay Shale acreage to

a major Canadian resource company (TMK 8% Duvernay) The AJV retains a 100% interest in 103 sections of the Duvernay Shale (TMK 8%) and 111 sections Rock Creek

lands (TMK 16%) post settlement of both transactions Click here for full report

http://www.pex.com.au/qra/q312reports/tmk.pdf




Tangiers Petroleum Ltd Price as at Mar 31st : $0.53 52 week high-low : $0.880 $0.155 Shares : 100,747,761 Cash at hand : $3.108 mil Market cap : $53.396 mil ASX code : TPT Contact: Level 1, 681 Murray Street

WEST PERTH 6005 Tel: (08) 9322 2700 Fax: (08) 9322 7211 Website: www.tangierspetroleum.com

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Qtr Report Highlights Africa: Morocco – Tarfaya Offshore Block Acquisition of the 670 km2 3D seismic survey over the Company’s primary prospects Trident, TMA, and Assaka

within the Tarfaya Block, offshore Morocco was completed in early January. Seismic EIA study was approved in Laayoune by the regional committee of Environment Impact Studies Tender requests for processing of the data were issued with contract award expected imminently. Seismic interpretation including AVO analysis of 2D lines over multiple leads within the shallower Lower Cretaceous

intervals continues. Once completed and prospectivity confirmed an independent resource estimate will be prepared. The Tertiary and Triassic age sections will be evaluated following completion of the Lower Cretaceous programme. Samples taken during the November 2011 Field Trip have been submitted for oil to source rock correlation studies

and reservoir analysis. Macquarie Bank appointed to co-ordinate and finalise the Tarfaya farm out process. Australia: WA-442-P and NTP-81 Exploration Permits (Turtle and Barnett) ISIS Petroleum Consultants (ISIS) completed a Competent Persons Report (CPR) on Tangier’s Early Carboniferous

age Milligans Fan oil play in the Bonaparte Basin Permit Areas WA-442-P and NTP-81, offshore Northern Australia. 14 leads, of which 8 are structural and 6 are combination structural and stratigraphic, have been identified with

combined unrisked oil-in-place (STOIIP) of 683 million barrels of oil with a high side case of almost 1.5 Biillion barrels of oil-in-place.

Gross unrisked mean Prospective resources are estimated to be 218 million barrels of oil with the high side case being 505 million barrels of oil.

ISIS has been engaged to administer and finalise the farm-out process so as to expedite the WA-442-P and NTP-81 exploration programmes as well as the future Turtle Barnett oil development programme.

Corporate Completed a private placement book build which raised approximately AUD$6.35 Million through the issue of 12.7

Million at AUD$0.50. Completed admission to the London based Alternative Investment Market (AIM). Click here for full report

http://www.pex.com.au/qra/q312reports/tpt.pdf



Tap Oil Ltd Price as at Mar 31st : $0.88 52 week high-low : $1.145 $0.540 Shares : 240,967,311 Cash at hand : $95.400 mil Market cap : $212.051 mil ASX code : TAP Contact: Level 1, 47 Colin Street

WEST PERTH, WA 6005 Tel: (08) 9485 1000 Fax: (08) 9485 1060 Email: [email protected] Website: www.tapoil.com.au

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Qtr Report Highlights Completion of the sale of Harriet Joint Venture to a subsidiary of Apache Corporation removing all HJV litigation and

abandonment liabilities. Completion of sale of WA-191-P to Santos for $21.7 million. Tap enters agreement to pursue unconventional resources in the onshore Carnarvon Basin. Gas discovery confirmed by the Tallaganda-1 well, with further analysis required to assess the commercial viability

of the project. Board renewal with retirement of Dr Neale Taylor and Mr Peter Lane and the appointment of Dr Douglas Schwebel.


http://www.pex.com.au/qra/q312reports/tap.pdf




Target Energy Ltd Price as at Mar 31st : $0.09 52 week high-low : $0.130 $0.053 Shares : 343,884,117 Cash at hand : $2.159 mil Market cap : $30.950 mil ASX code : TEX Contact: Level 2, 46 Ord Street

WEST PERTH, WA 6005 Tel: (08) 9476 9000 Fax: (08) 9476 9099 Email: [email protected] Website: www.targetenergy.com.au

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Qtr Report Highlights BOA 12-1 Wolfberry flow‐testing continues. Additional West Texas drilling due to start in May. Shepard’s Channel well being cased ‐ testing to follow. Target expands Wolfberry acreage position. Click here for full report

http://www.pex.com.au/qra/q312reports/tex.pdf



Titan Energy Ltd Price as at Mar 31st : $0.019 52 week high-low : $0.022 $0.007 Shares : 667,134,979 Cash at hand : $2.357 mil Market cap : $12.676 mil ASX code : TTE Contact:

31 Ord Street WEST PERTH, WA 6005 Tel: (08) 9322 6955 Fax: (08) 9322 6722 Email: [email protected] Website: www.titanenergy.comn.au

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Farmed-in for an 87.5% working interest (WI) in 344 acre section of the Allen Dome salt dome in southern Texas. Acquired an 81% WI in the Franklin Prospect area of Midyett South Development Project in Illinois. Farmed-in for a 40% WI in the 1360 acre Sodbuster Prospect in Colorado. Finalised firm commitments for the raising of A$2.33m for exploration funding. Planning continued into a drilling program in Perth Basin permit DR-11. Negotiations continued for a proposed JV well in Perth Basin permit EP-455. Click here for full report

http://www.pex.com.au/qra/q312reports/tte.pdf




Transerv Energy Ltd Price as at Mar 31st : $0.019 52 week high-low : $0.050 $0.009 Shares : 3,026,349,218 Cash at hand : $4.609 mil Market cap : $57.501 mil ASX code : TSV Contact:

Ground Floor 1292 Hay Street WEST PERTH WA, 6005 Tel: (08) 6313 5790 Fax: (08) 6313 5799 Email: [email protected] Website: www.transerv.com.au

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Qtr Report Highlights Warro Gas Project Technical review completed by independent US tight gas experts concludes:

o Warro field contains a large gas accumulation of 8-10 Tcf gas in place (GIP), with ~3Tcf recoverable based on results to date.

o 3D seismic data coupled with reservoir modelling show that water flows encountered in the Warro-3 and 4 wells are likely the result of intersecting post stimulation to deep-seated faults connected to a pressured, deeper water source.

o Many commercial tight gas fields in the USA operate with similar levels of water production. o 3D seismic data show large sections of the Warro field are not affected by discernible faulting.

Transerv is finalising the next phase of the work program with Alcoa, including future wells. Canadian Operations Transerv has built a substantial land position in Canada covering 72,500 acres net (>180,000 acres gross) with

proven conventional and unconventional resource plays. A multi-well drilling program is set to commence mid 2012 to evaluate the unconventional resource plays, as well

as conventional field extension wells.


http://www.pex.com.au/qra/q312reports/tsv.pdf



Triple Energy Ltd Price as at Mar 31st : $0.02 52 week high-low : $0.039 $0.009 Shares : 250,000,000 Cash at hand : $0.734 mil Market cap : $5.000 mil ASX code : TNP Contact: Suite 9, 1200 Hay Street

WEST PERTH WA 6005 Tel: (08) 6460 4960 Fax: (08) 9324 3045 Email: [email protected] Website: www.tangopetroleum.com.au

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Qtr Report Highlights During the quarter the Company announced the appointment of Mr Paul Underwood as Executive Chairman

effective 14 February 2012. During the quarter the Company completed the issue of 120,000,000 shares at $0.01 per share by way of a non-

renounceable entitlement issue. This resulted in the Company raising $1,200,000 (before costs of the issue) inclusive of the placement of the shortfall.

The Company raised a further $100,000 (before costs of the issue) by the placement of 10,000,000 shares at $0.01 to Mr Paul Underwood following the approval received from Shareholders at the General Meeting held on 26 March 2012.


http://www.pex.com.au/qra/q312reports/tnp.pdf




Texon Petroleum Ltd Price as at Mar 31st : $0.63 52 week high-low : $0.965 $0.360 Shares : 242,539,848 Cash at hand : $26,858 mil Market cap : $152.800 mil ASX code : TXN Contact: Level 9, 46 Edward Street

BRISBANE, QLD 4000 Tel: (07) 3211 1122 Fax: (03) 3211 0133 Email: [email protected] Website: www.texonpetroleum.com.au

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Qtr Report Highlights Gross average daily production for the March quarter was 2,379 mcfgpd and 780 bopd (Texon’s share): 1,221

mcfgpd and 497 bopd (700 boepd)) from 21 producing wells. The Company’s Leighton Olmos and Yegua production from 15 producing wells was sold effective 1 February 2012. In February this year the Company announced that it had appointed Houston based Albrecht and Associates and

Brisbane based RBS Morgans to seek potential buyers for all or part of the Company’s Eagle Ford project. The Company closed a purchase and sale agreement with a USA based company on 6 March 2012 whereby Texon

sold its holdings in the Leighton area Olmos reservoir, effective 1 February 2012. The net proceeds from the sale amounted to approximately US$12.4 million before tax.

Review of newly acquired 3D seismic over the Mosman/Rockingham leases indicates an area of 1,560 acres where the 3D response to the Olmos is similar to the 3D Olmos character at Leighton, suggesting a potential for 30 Olmos wells on 40 acre spacing.

The Company’s first Wilcox well (Hoskins-2 (Wilcox)) flowed at an initial rate of 55 bopd in January 2012 and is now on pump. The Wilcox reservoir could cover 1,500-2,000 acres in the Mosman-Rockingham leases where the Company’s WI has 95-100% WI.




WestSide Corporation Ltd Price as at Mar 31st : $0.43 52 week high-low : $0.502 $0.165 Shares : 254,191,350 Cash at hand : $13.289 mil Market cap : $109.302 mil ASX code : WCL Contact: Level 8, 300 Queen Street

BRISBANE QLD 4000 Tel: (07) 3020 0900 Fax: (07) 3020 0999 Email: [email protected] Website: www.westsidecorporation.com

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Qtr Report Highlights Increased net certified reserves across all categories, with 2P reserves up 17% to 258PJ and 3P reserves up 96%

to 725 PJ. Received an Indicative Proposal to take over the company for consideration of 65 cents a share. March quarter production up 22.1% on same period last year and 10.8% on previous quarter. Delivered 434.1 TJ of gas for gross revenue of $1.37m – up 7.9% on previous quarter. Pretty Plains 10 achieved production highs in excess of 1,000,000 scf/day. Undertook successful $25.4m capital raising to fund production and exploration programs. Click here for full report




WHL Energy Ltd Price as at Mar 31st : $0.05 52 week high-low : $0.067 $0.023 Shares : 1,226,588,386 Cash at hand : $2.531 mil Market cap : $61.330 mil ASX code : WHN Contact: Level 2, 22 Delhi Street

WEST PERTH, WA 6005 Tel: (08) 6500 0271 Fax: (08) 9321 5212 Website: www.whlenergy.com

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Seychelles farm-out discussions ongoing. The Company has been offered V11-2 (La Bella) by the Commonwealth – Victoria Offshore Petroleum Joint Authority. WHL Energy raises $7.940M to underpin its 2012 exploration program in the Seychelles, including infill seismic to firm

up a number of selected high graded prospects for drilling in 2H 2013. Additional senior appointments to strengthen the technical team.




Woodside Petroleum Ltd

Price as at Mar 31st : $34.81 52 week high-low : $50.850 $29.760 Shares : 823,910,657 Cash at hand : N/A Market cap : $28,680.330 mil ASX code : WPL Contact: Woodside Plaza

240 St Georges Terrace PERTH, WA 6000 GPO Box D188 PERTH, WA 6840 Tel: (08) 9348 4000 Fax: (08) 9348 4990 Email: [email protected] Website: www.woodside.com.au

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Pluto LNG: reached ready for start up status during the quarter with first gas entering the processing train on 22 March. Greater Western Flank Phase 1 Project: engineering and fabrication of subsea hardware has commenced. The project

remains on budget and on schedule for completion in early 2016. North West Shelf marketing: the North West Shelf LNG sellers and Kyushu Electric Power Company Inc agreed to

extend their existing contract by six years out to 2023, providing for the supply of five million tonnes of LNG over the six year period.

Vincent Oil Field: during the quarter the VNB-H7 infill well was drilled and completed. Tieback of the well to the subsea system is expected in Q2 2012.





Summary

Company Name ASX Code

52 Week High

52 WeekLow

# Shares Market Cap Last Cash At Hand

3D Oil Ltd TDO $0.220 $0.069 206,560,000 $16.525 mil $0.08 $2.187 mil

Acer Energy Ltd ACN $0.245 $0.105 459,586,853 $110.301 mil $0.24 $20.792 mil

Amadeus Energy Ltd AMU $0.290 $0.190 274,786,018 $56.644 mil $0.22 $17.700 mil

Antares Energy Ltd AZZ $0.560 $0.350 260,600,000 $130.000 mil $0.50 $8.934 mil

ADX Energy Ltd ADX $0.110 $0.062 438,308,350 $39.420 mil $0.09 $1.033 mil

Aurora Oil & Gas Ltd AUT $3.950 $2.110 411,155,343 $1,553.580 mil $3.78 $US210.369 mil

AusTex Oil Ltd AOK $0.165 $0.065 280,480,451 $39.200 mil $0.14 $1.492 mil

Austin Exploration Ltd AKK $0.044 $0.022 593,163,760 $23.679 mil $0.025 $9.230 mil

Australian Oil Company Ltd AOC $0.190 $0.050 69,016,846 $4.141 mil $0.06 $0.765 mil

AWE Ltd AWE $2.000 $0.872 521,871,941 $1,043.744 mil $2.00 $43.000 mil

Baraka Energy and Resources Ltd

BKP $0.025 $0.008 2,040,655,046 $26.984 mil $0.013 $3.645 mil

Bass Strait Oil Company Ltd BAS $0.039 $0.016 291,030,250 $6.985 mil $0.018 $2.342 mil

Beach Petroleum Ltd BPT $1.763 $0.815 1,112,199,119 $1,640.462 mil $1.47 $300.000 mil

BHP Billiton Ltd BHP $49.810 $33.680 3,356,081,497 $116.153,981 mil $34.61 N/A

Blue Energy Ltd BUL $0.125 $0.060 722,488,256 $65.024 mil $0.09 $1.882 mil

Bounty Oil & Gas NL BUY $0.043 $0.016 752,150,982 $12.270 mil $0.017 $2.456 mil

Buccaneer Energy Ltd BCC $0.115 $0.048 683,755,473 $55.538 mil $0.06 $2.547 mil

Burleson Energy Ltd BUR $0.063 $0.026 420,889,133 $12.627 mil $0.03 $5.824 mil

Buru Energy Limited BRU $3.850 $0.520 182,840,549 $754.187 mil $3.22 $17.273 mil

Carbon Minerals NL CRM $3.000 $1.645 18,803,493 $33.846 mil $1.80 $15.041 mil

Carnarvon Petroleum Ltd CVN $0.360 $0.086 690,320,634 $90.138 mil $0.13 $10.000 mil

Caspian Oil & Gas Ltd CIG $0.018 $0.004 1,331,500,513 $7.989 mil $0.006 $0.661 mil

Central Petroleum Ltd CTP $0.110 $0.042 1,073,304,842 $66.429 mil $0.053 $8.039 mil

Challenger Energy Ltd CEL $0.180 $0.046 214,021,002 $15.408 mil $0.072 $3.642 mil

Comet Ridge Ltd COI $0.180 $0.100 307,351,144 $36.882 mil $0.12 $7.489 mil

Cooper Energy Ltd COE $0.685 $0.305 292,576,001 $190.314 mil $0.65 $69.100 mil

Cue Energy Resources Ltd CUE $0.360 $0.190 695,153,053 $201.594 mil $0.29 $42.325 mil

Dart Energy Ltd DTE $0.967 $0.290 720,875,002 $220.843 mil $0.30 $98.835 mil

Drillsearch Energy Ltd DLS $1.580 $0.370 304,176,742 $516.297 mil $1.53 $42.600 mil

Elixir Petroleum Ltd EXR $0.160 $0.029 188,988,472 $20.132 mil $0.09 $1.440 mil

Elk Petroleum Ltd ELK $0.380 $0.140 115,827,152 $25.145 mil $0.17 $4.708 mil

Emerald Oil & Gas NL EMR $0.062 $0.018 785,309,196 $26.964 mil $0.03 $1.275 mil

Empire Energy Ltd EEG $0.235 $0.095 278,197,016 $64.137 mil $0.22 $US5.203 mil

Empire Oil & Gas NL EGO $0.037 $0.015 4,445,658,296 $85.422 mil $0.018 $8.108 mil

Entek Energy Ltd ETE $0.195 $0.084 510,657,387 $71.492 mil $0.14 $13.353 mil

Eureka Energy Ltd EKA $0.415 $0.160 237,014,050 $90.065 mil $0.38 $US5.269 mil

European Gas Ltd EPG $0.450 $0.130 296,161,505 $63.914 mil $0.215 €6.967 mil

Exoma Energy Ltd EXE $0.220 $0.082 416,857,759 $62.604 mil $0.15 $10.149 mil

First Australian Resources Ltd FAR $0.135 $0.024 1,245,401,164 $62.352 mil $0.029 $22.173 mil

Galilee Energy Ltd GLL $0.240 $0.140 152,140,466 $25.864 mil $0.17 $34.928 mil

Gas2Grid Ltd GGX $0.082 $0.039 388,461,127 $23.113 mil $0.05 $2.537 mil



Company Name

ASX Code

52 Week High

52 Week Low


GB Energy Ltd GBX $0.060 $0.010 185,087,770 $3.708 mil $0.02 $0.545 mil

Global Petroleum Ltd GBP $0.325 $0.150 199,444,787 $55.845 mil $0.28 $24.428 mil

Golden Gate Petroleum Ltd GGP $0.028 $0.007 1,527,507,055 $46.251 mil $0.021 $2.423 mil

Golden State Resources Ltd GDN $0.023 $0.008 708,544,959 $13.045 mil $0.018 $2.226 mil

Grand Gulf Energy Ltd GGE $0.009 $0.003 3,739,805,994 $18.700 mil $0.005 $4.926 mil

Hawkley Oil & Gas Ltd HOG $0.430 $0.120 285,531,421 $65.672 mil $0.23 $11.933 mil

Horizon Oil Ltd HZN $0.425 $0.165 1,130,811,515 $361.860 mil $0.32 $US21.032 mil

Icon Energy Ltd ICN $0.305 $0.120 469,301,394 $140.790 mil $0.30 $10.594 mil

Incremental Oil & Gas Ltd IOG $0.370 $0.180 95,286,999 $25.728 mil $0.27 N/A

Jacka Resources Ltd JKA $0.185 $0.067 92,675,002 $31.427 mil $0.17 $5.674 mil

Jupiter Energy Ltd JPR $1.170 $0.370 115,863,487 $76.646 mil $0.66 $1.573 mil

Kairiki Energy Ltd KIK $0.039 $0.001 2,688,363,837 $5.377 mil $0.002 $1.727 mil

Karoon Gas Australia Ltd KAR $7.540 $2.600 221,420,769 $1,441.449 mil $6.51 $245.904 mil

Key Petroleum Ltd KEY $0.050 $0.012 216,047,707 $12.939 mil $0.042 $1.789 mil

L&M Energy Ltd LME $0.130 $0.036 754,405,518 $67.897 mil $0.09 $NZ1.251 mil

Lakes Oil NL LKO $0.007 $0.003 6,213,628,039 $42.712 mil $0.006 $0.647 mil

Lion Energy Ltd LIO $0.040 $0.020 94,493,754 $4.561 mil $0.04 $1.655 mil

Longreach Oil Ltd LGO $0.008 $0.003 510,000,000 $1.530 mil $0.003 $0.008 mil

Mako Energy Ltd MKE $0.234 $0.094 162,068,796 $16.659 mil $0.10 $C6.263 mil

Magellan Petroleum Australia Ltd

MGN $3.000 $1.150 34,027,257 $30.284 mil $0.89 N/A

Metgasco Ltd MEL $0.595 $0.220 337,396,221 $118.095 mil $0.35 $15.032 mil

MEO Australia Ltd MEO $0.345 $0.140 539,913,260 $183.571 mil $0.34 $62.125 mil

Moby Oil & Gas Ltd MOG $0.049 $0.023 322,000,862 $9.338 mil $0.029 $2.921 mil

Molopo Energy Ltd MPO $0.980 $0.525 245,579,810 $159.627 mil $0.65 $89.812 mil

Neon Energy Ltd NEN $0.590 $0.245 432,645,272 $186.038 mil $0.43 $US16.200 mil

New Guinea Energy NGE $0.165 $0.040 846,541,193 $51.000 mil $0.06 $7.473 mil

New Standard Energy NSE $0.810 $0.150 199,975,169 $216.282 mil $0.74 $23.455 mil

New Zealand Oil & Gas Ltd NZO $0.735 $0.475 401,144,796 $241.431 mil $0.60 $NZ186.990 mil

Nexus Energy Ltd NXS $0.469 $0.105 1,326,697,820 $291.901 mil $0.22 $36.644 mil

Nido Petroleum Ltd NDO $0.165 $0.031 1,389,163,151 $83.350 mil $0.06 $13.029 mil

Norwest Energy NL NWE $0.090 $0.029 732,615,462 $66.438 mil $0.076 $2.624 mil

Octanex NL OXX $0.299 $0.112 151,204,399 $30.241 mil $0.20 $18.085 mil

Odin Energy Ltd ODN $0.021 $0.004 189,160,034 $1.220 mil $0.006 $0.866 mil

Odyssey Energy Ltd ODY $0.070 $0.028 436,707,977 $13.101 mil $0.03 $2.160 mil

Oil Basins Ltd OBL $0.100 $0.018 345,321,244 $38.081 mil $0.084 $2.659 mil

Oil Search Ltd OSH $7.640 $5.430 1,312,888,303 $9,262.055 mil $6.97 $US904.500 mil

Oilex Ltd OEX $0.485 $0.190 253,274,885 $70.917 mil $0.28 $7.736 mil

Origin Energy Ltd ORG $17.20 $12.40 1,086,037,913 $14,542.622 mil $13.35 N/A

Ormil Energy OMX $0.015 $0.029 301,612,250 $8.445 mil $0.028 $1.577 mil

Otis Energy Ltd OTE $0.020 $0.004 562,283,725 $3.374 mil $0.006 $0.265 mil

Otto Energy Ltd OEL $0.150 $0.068 1,138,290,071 $159.361 mil $0.14 $US29.525 mil

Pan Pacific Petroleum NL PPP $0.175 $0.105 588,612,110 $94.178 mil $0.16 $96.000 mil

Pancontinental Oil & Gas NL PCL $0.240 $0.060 660,779,809 $180.764 mil $0.21 $13.423 mil

Petrel Energy Ltd PRL $0.077 $0.033 270,135,535 $20.260 mil $0.075 $6.671 mil

Petsec Energy Ltd PSA $0.240 $0.115 231,283,622 $51.850 mil $0.22 $US38.400 mil




Company Name

ASX Code

52 Week High

52 Week Low


Planet Gas Ltd PGS $0.065 $0.019 493,853,305 $17.742 mil $0.033 $1.744 mil

Po Valley Energy Ltd PVE $0.240 $0.135 111,147,396 $15.561 mil $0.14 €1.117 mil

Pryme Energy Ltd PYM $0.180 $0.040 257,841,350 $12.892 mil $0.05 $5.773 mil

Quest Petroleum QPN $0.007 $0.003 1,075,558,084 $12.233 mil $0.006 $2.061 mil

Range Resources Ltd RRS $0.350 $0.105 1,803,272,094 $435.634 mil $0.19 $24.474 mil

Rawson Resources Ltd RAW $0.115 $0.050 94,247,150 $7.539 mil $0.08 $1.298 mil

Red Emperor Resources NL RMP $0.765 $0.170 152,473,256 $151.526 mil $0.64 $12.428 mil

Red Fork Energy Ltd RFE $1.060 $0.340 269,769,853 $316.435 mil $1.02 $US29.522 mil

Red Sky Energy Ltd ROG $0.018 $0.005 1,378,047,434 $9.902 mil $0.007 $0.487 mil

Rialto Energy Ltd RIA $0.600 $0.240 375,006,264 $272.057 mil $0.44 $86.576 mil

Roc Oil Company Ltd ROC $0.485 $0.250 684,600,000 $273.840 mil $0.40 $US14.700 mil

Samson Oil & Gas NL SSN $0.205 $0.082 1,750,169,370 $210.020 mil $0.12 $US31.419 mil

Santos Ltd STO $16.900 $10.110 889,613,942 $13,567.497 mil $14.24 N/A

Senex Energy Ltd SXY $1.220 $0.300 915,159,081 $970.040 mil $1.05 $74.099 mil

Sino Gas & Energy Ltd SEH $0.096 $0.034 970,417,120 $100.838 mil $0.09 $2.287 mil

Solimar Energy Ltd SGY $0.125 $0.046 351,030,536 $35.666 mil $0.08 $0.515 mil

Somerton Energy Ltd SNE $0.170 $0.110 142,486,642 $19.948 mil $0.14 $6.176 mil

Strategic Energy Resources Ltd SER $0.170 $0.071 334,622,499 $41.835 mil $0.12 $1.294 mil

Strike Oil Ltd STX $0.225 $0.100 440,817,026 $109.312 mil $0.22 $3.785 mil

Sun Resources NL SUR $0.034 $0.014 511,025,194 $22.644 mil $0.02 $3.442 mil

Sundance Energy Australia Ltd SEA $0.965 $0.365 277,098,474 $218.908 mil $0.79 $US4.944 mil

Tamaska Oil & Gas Ltd TMK $0.004 $0.001 6,396,006,280 $6.396 mil $0.001 $2.003 mil

Tangiers Petroleum Ltd TPT $0.880 $0.155 82,028,594 $53.396 mil $0.53 $3.108 mil

Tap Oil Ltd TAP $1.145 $0.540 240,967,311 $212.051 mil $0.88 $95.400 mil

Target Energy Ltd TEX $0.130 $0.053 305,896,357 $30.950 mil $0.09 $2.159 mil

Titan Energy Ltd TTE $0.022 $0.007 489,963,107 $12.676 mil $0.019 $2.357 mil

Transerv Energy Ltd TSV $0.050 $0.009 3,026,349,218 $57.501 mil $0.019 $4.609 mil

Triple Energy Ltd TNP $0.039 $0.009 250,000,000 $5.000 mil $0.02 $0.734 mil

Texon Petroleum Ltd TXN $0.965 $0.360 242,539,848 $152.800 mil $0.63 $26.858 mil

WestSide Corporation Ltd WCL $0.502 $0.165 254,191,350 $109.302 mil $0.43 $13.289 mil

WHL Energy Ltd WHN $0.067 $0.023 1,212,100,886 $61.330 mil $0.05 $2.531 mil

Woodside Petroleum Ltd WPL $50.850 $29.760 805,671,604 $28,680.330 mil $34.81 N/A

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