oil shows in snatcher-1, pel 111, sa cooper ba

Announcements
ASX Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000
OIL SHOWS IN SNATCHER-1, PEL 111, SOUTH AUSTRALIAN COOPER BASIN
Victoria Petroleum N.L. (Vicpet) as operator for the PEL 111 Joint Venture advises that at 0600
hours today, the operation at Snatcher-1 was pulling out of the hole in preparation to running an
open hole Drill Stem Test (DST) to test the fair to good oil shows observed over the interval 1,772
metres to 1,781.4 metres.
The significance of the oil shows observed will be evaluated by the current DST and wire line logs
to be run after the well has reached total depth. Snatcher-1 is testing the oil bearing potential of
the Snatcher Prospect adjacent to the Santos Limited operated Charo Field in PPL 177. The PPL
177 licence is wholly contained within PEL 111.
The participants in the drilling of Snatcher-1, PEL 111, PEL 104 and PRL 15 and their respective
interests through their wholly owned subsidiaries are as follows;
Victoria Petroleum N.L. (Operator) 40%
Impress Energy Limited 40%
Permian Oil Pty Ltd. 20%