Date: 1 February 08 To: Australian Securities Exchange Companies Announcement Office Electronic Lodgment System Dear Sir Drilling Report - Flax 5 Innamincka Petroleum advises that as of 06:00 hours this morning, the Flax 5 development well had reached TD at a depth of 2777 m. Oil and gas shows comparable with nearby wells were encountered throughout the reservoir sections. Current operations are running wireline logs. Daily updates of drilling progress are posted also on the company website www.innapet.com.au Participants in the project are: Innamincka (operator) 75% SCGAU 25% Yours sincerely Innamincka Petroleum Limited Leni Stanley Company Secretary
INP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
