“A BRIGHT FUTURE PLANNED FOR INVESTORS IN VICTORIA PETROLEUM N.L” – UPDATE, SEPTEMBER 2005 CORPORATE PRESENTATION Attached is the following Victoria Petroleum N.L. Corporate Presentation, “A Bright Future planned for Investors in Victoria Petroleum N.L. – Update September 2005”, to be presented at the “Oilbarrel.com Conference”, in London on 28 September 2005. Highlights of the September 2005 update are: 1. Planned 2005/2006 Drilling Schedule showing 9 exploration wells and 8 development wells to be drilled over the next eight months in Australia and the USA. 2. Projected increase for Calender 2005 net revenues from oil and gas production of 315% over calendar 2004 net production revenues subject to projected field performance and oil and gas prices over the next three months staying above US$50 per barrel. 3. Drilling of potentially high impact Eagle North-1 well testing potential 34 million bbls of oil and 58 BCFG in the Eagle Oil Pool Development Project San Joaquin Basin California commencing November 2005 and planned start in fourth quarter 2005 extending into 2006 of Victoria Petroleum NL’s seven well South Australian Cooper Basin exploration program. Commenting on the presentation Victoria Petroleum NL’s Managing Director John Kopcheff said; “With the planned exploration program of 9 wells kicking off in late September 2005 with Surat Basin drilling, to be followed by the California drilling and then the South Australian Cooper Basin drilling program, Vicpet has placed itself in a position where any exploration success will potentially add significant oil reserves to the companies current reserve base.” “The development drilling program planned for the South Australian Cooper Basin Mirage Oil Field in January 2006 along with the current successful Jingemia Oil Field North Perth Basin development drilling has the potential to significantly grow the company’s oil production base and associated net revenue.”
VPE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
