cooper basin, page-18

Releases today worth reading from BPT and ICN.
Same targets as the BPT/AKK drill Q1, 2013.

Reg Nelson, Managing Director of Beach, said: “The Halifax-1 well has delivered what appears to
be another sizeable gas saturated section through the Permian zone of the Nappamerri Trough.
With the hydraulic stimulation of Moonta-1 expected to commence early next week, we are now
rapidly building an understanding from west to east across the Trough of the size of this
potentially game changing gas resource. Each well from this point forward will push this
unconventional exploration play closer to the pilot production phase, which is anticipated in
2013.”