"A 100 kilometres 2D seismic survey program will be conducted in the
Simpson East and Madigan prospect region in the EP97 permit in the
Pedirka Basin (NT). The cost of this programme will be paid for by
Central Petroleum Limited (Central) as part of a farmin in the Bejah
Block of EP97. Seismic will be run in late 2009. A well will be selected
from the results of this seismic. The potential speculated recoverable
resources in both the Madigan and Simpson East prospects are large
(greater than 10 million barrels) as the structures are large. The
Company will have a 20 percent free carried interest in this program.
"A 100 kilometres 2D seismic survey program will be conducted in...
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