Ann: March 2016 Quarterly Activities Report-EGO.AX, page-29

Exploration Empire Oil and Gas is the largest holder of acreage in the Perth Basin. Currently Empire holds acreage covering around half of the Basin with 11 exploration tenements over 12,000 square kilometres. The permits are broadly classified into four play areas that cover a variety of hydrocarbon target types. These include the northeast Basin oil and gas plays (EP’s 368, EP 426 and EP 454), the western margin shallow oil plays (EP 432 and EP 440), the central basin wet gas plays (EP 389) and the higher risk southern Basin plays. The areas of primary focus are the northern and central areas in the Perth Basin with the southern acreage constituting a secondary focus area. Empire holds operatorship in all permits and has 100%*2 of each permit, except in EP 368 and EP 426 (where it hold 80% and 77.78 % respectively). Empire will acquire the Black Swan airborne geophysical survey during the June quarter this year. This survey will acquire state of the art gradiometric gravity data to image the subsurface across all Empire's Perth basin Permits with the exception of EP 479 and EP 467. Map showing Empire’s permits in the Perth Basin 2 * Defaulting joint venture party, Allied Oil & Gas Plc (Allied), currently remains on title