up 8 % on increasing volume, page-3

Hi mopom,

The presentations are all in PDF and are well worth a look. they cover the various very prospective leases in the Cooper Basin.

Since I haven't worked out how to post PDF documents on HC, I have reverted to taking the text from the last Half yearly report.

Keep trying to open the Brokers presentation. Maybe from Stockness or the ASX site if the website wont open.

I feel that even a smell of oil will propell these guys into the big time as the market has shown a great excitement about the Cooper Basin. They have very good leases and should stir up a fair deal of interest.

"Cooper Basin, Onshore South Australia

Drilling activity has been busy during the latter half of 2003 and early 2004 with discoveries made by other junior
explorers at Worrior, Kiwi and recently, Yarrow and Flax. The continuing string of successes by the juniors in the
ex-Santos acreage is particularly encouraging for Impress as its interests in the six ex-Santos blocks are
continually being upgraded by these discoveries.

Impress and its joint venture partners intend to drill five wells in permits PEL 104 (2 wells), PEL 111 (1 well) and
PEL 115 (2 wells).
The timing of the wells will be governed by the recording and subsequent interpretation of the Andracurie seismic
survey in PEL 104 and 111 as well as by the availability of rigs. The Operator has secured the services of an
experienced Cooper Basin drilling engineer and rig contract discussions are underway.
It is expected that drilling will commence some time in the second quarter of 2004 with hopefully an April time slot
for the first well. Depending on the rig situation there is a possibility that different rigs will be used for the PEL
104, 111 program and the PEL 115 program due to different depth requirements.

Impress is pleased to be involved in exploring this highly prospective area and is particularly pleased with the
recent drilling success at Yarrow and Flax. Comments in the press by the Yarrow/Flax operator that they are
considering building a new gas plant has added a further interesting dimension to what is without doubt going to
be a very exciting exploration year for all Cooper Basin explorers.

PEL 104, Cooper Basin, South Australia, 15% Working Interest
In early May, 2003, Impress’ wholly owned subsidiary, Springfield Oil and Gas Pty Ltd, entered into a farmin
agreement for the onshore Cooper Basin permit PEL 104.
PEL 104 covers 1,069 square kms and is located immediately adjacent to the Tirrawarra Oil field, Australia’s
largest onshore oil field with estimated reserves of 70 million bbls and 340 billion cubic feet of gas. Also adjacent
is the Fly Lake Oil and Gas field and the permit surrounds the Callabona oil discovery. In August 2002 the
Sellicks 1 well located 30 kms south of PEL 104 flowed 2,160 barrels of oil per day and in early July 2003 the
Christies 1 well was declared commercial with an 18 metre oil column.
Impress considers the permit is highly prospective for both gas and oil in both the Permian and Jurassic
sequences that are highly productive in the Cooper/Eromanga Basin.
Impress’ initial study of the Block has outlined in excess of ten prospects and leads that are anticipated to require
only further minor seismic evaluation to evaluation to become drillable and this is the purpose of the Andracurie
seismic survey.
Preparations for the recording of the Andracurie seismic survey commenced on 15 January with line clearing and
surveying. It is expected that recording will commence in the next two weeks.

PEL 111, Cooper Basin, South Australia, 15% Working Interest
PEL 111 lies to the north of and adjacent to, PEL 104 and covers 1,185 square kilometres. The Charo oil
discovery is contained within the block. Impress’ initial evaluation has identified at least 10 leads and prospects
and a seismic survey planned for December in PEL 104 has now been extended to include PEL 111. Depending
on rig logistics it is probable that the PEL 111 well will be drilled following the two PEL 104 wells.

PEL’s 86, 87, 89, Cooper Basin, South Australia, 15% Working Interest
These three permits cover a total of 13,500 square kilometres and lie to the north and west of permits
PEL104/111.
The blocks cover a huge area of underexplored but prospective Eromanga Basin sediments and drilling density is
low with only three wells having been drilled.
There are no drilling commitments on the blocks.
Impress is continuing to evaluate various opportunities in the area as and when they become available.

PEL 115, Cooper Basin, South Australia, 15% Working Interest
PEL 115 is located on the south eastern edge of the Cooper Basin and covers 1,106 square kilometres. The
permit is ‘broken up’ into six separate areas and surrounds the oil and gas producing fields at Dullingari,
Toolachee, Strezelecki, Della and Kidman.
The block represents one of the lowest risk areas for exploration in the Cooper Basin. Impress’ initial studies of
available data have identified over 30 leads and prospects with both oil and gas potential. The proximity to
infrastructure suggests that the economic viability of any exploration success is assured.
The area is covered with an excellent modern grid of 2D and 3D seismic such that no further seismic is required,
at this stage, to mature the two prospects for drilling in the second quarter of 2004 depending upon rig availability.