buckle up , page-13

If you guys look back BG wanted full Tecnical control of CSG in the Pedirka

http://www.nt.gov.au/d/Content/File/china/oil_and_gas_2010.pdf

3. Although a formal OPCOM meeting with the new owners of PXA is planned for late June
2009, BG/QGC has expressed interest in assuming the


technical management of CSG

exploration and evaluation of the potential CSG resource discovered in the Pedirka Basin of
between 34-70 TCFG (subject to further drilling).



Mt KITTY




3. CTP has also farmed out 25% of two defined areas, one within Permit EP82 (the Magee
Prospect Block), the other within EP125 (The Mt Kitty prospect block) to Helium Nuclear
Australia (HEN), with the remainder areas of these permits included in the PXA farmin
Agreement. PXA does not hold equity in these defined HEN prospect areas. HEN will fund 50%
of pre-drilling seismic and 50% of the drilling of 1 well on each of the prospect blocks to retain a
25% interest