vpe has begun oil drilling now , page-15

VPE STRATEGY IN SA COOPER BASIN VPE STRATEGY IN SA COOPER BASIN
�� To become core Australian oil production area with 2005/2006
development success with est. net oil production revenue of
$6.0 million in 2006
�� 2004 Cooper Basin oil exploration success has already doubled
net VPE oil production from 200 BOPD (Perth Basin) to 400
BOPD (Perth + Cooper Basins) as of October 2005
�� 2005/early 2006 oil development drilling in Mirage Oil Field to
increase SA Cooper Basin net oil production further to est. 400
BOPD
�� Any 2005/early 2006 drilling success from 7 exploration wells
to be drilled will further boost oil production and net revenue