150 million barrels. notification of the grant was The...

150 million barrels. notification of the grant was The permittees to the EP 439 Permit are:

A good time to buy LGO


150 million barrels. Notification of the grant was received on 10 February 2005.


RE: EMPIRE OIL & GAS N.L. ANNOUNCES THE GRANT OF APPLICATION 16/00-1, ONSHORE CARNARVON BASIN AS PETROLEUM PERMIT EP 439 Please find attached details of the grant of Petroleum Exploration Permit EP 439 on 2 February 2005 (previously Application 16/00-1) located in the Onshore Carnarvon Basin which contains the large Lake MacLeod oil prospect with estimated potential recoverable reserves in the order of 150 million barrels. Notification of the grant was received on 10 February 2005.


Empire Oil Company (WA) Limited (Wholly-owned subsidiary of
Empire Oil & Gas N.L.) 35% (Total 44%)
Gulliver Productions Pty Ltd (Wholly-owned subsidiary of Empire Oil & Gas N.L.) 9%
Euro Pacific Energy Pty Ltd (Wholly-owned subsidiary of Pancontinental Oil & Gas N.L.) 23% Indigo Oil Pty Ltd 9%
Falcore Pty Ltd 5%
Vigilant Oil Pty Ltd 1%

Longreach Oil Limited 18% (beneficially held by the Permittees) _____ 100%