Ann: 10.08.03 Ooraminna 2 Drilling Update , page-3

Note : The largest portion of the greater Ooraminna structure lies within EPA 147, currently the subject of an application to the Central Land Council to re-commence negotiations.
Following the setting of cement surface plugs, the drilling rig will now be rigged down and shifted to the next well in the programme, Johnstone West 1.
Ooraminna 2 was the first well in a planned 3-4 well programme for 2010 including the 500 MMbbl oil (?high? estimate UOIIP) Johnstone West 1 prospect and the 800 BCFG (?high? estimate UGIIP) and 15 BCF helium (?high? estimate UGIIP) Magee 2 well.
Road works and drilling pad preparation for the spudding of Johnstone West 1 and the supply of casing and relevant hardware has largely been completed and it is anticipated that the well will spud on or about the 14th August 2010.
Central is Operator and holds a 100% interest and in EP 82, through wholly-owned subsidiary Helium Australia Pty Ltd. Ooraminna 2 is located at Latitude 24 degrees 01 minutes 05.83 seconds South, Longitude 134 degrees 10 minutes 10.95 seconds East.