PEL 87 & PEL 424 JOINT VENTURE

(Impress 40% Working Interest)

 

Blocks NNW of PEL 111.  An application to renew PEL 86, PEL 87 and PEL 89 as a single permit with a much reduced area and a minimal work commitment was submitted to PIRSA in November 2007.  The permits were renewed as PEL 87 and a new permit PEL 424 in early 2008 and have minor work commitments, but ready to potentially demonstrate the farther extents of the Western Fairway in the future.