COMPOSITIONAL DATA : GAS : GAS PROPERTIES Puffin Fm RFT ...

FIT 3, 2,286 m,Recovered 0.45 m 3 of gas, 13.65 litresof water and 2.85 litres of mud with atrace of condensate.DST 1, 2,389-2,393 m,Misrun.FIT 2, 2,389 m,Recovered 0.011 m 3 of gas and 15.25litres of water. Gas is thought to be shapedcharge gas.FIT 1, 2,598 m,Seal failure.Plover FormationPlover FormationPlover FormationPlover FormationRESERVES:Gas:Condensate:9.56 TCF (includes Loxton Shoals/Troubadour/Sunrise/Sunset West)321 MMbbls (includes Loxton Shoals/Troubadour/Sunrise/Sunset West)Source: Northern Territory Department of Business Industry and ResourceDevelopment, 2000.REMARKS:Sandstones encountered between 2,206 m and 2,739 mKB are thought to contain 10-20% immovableoil, suggesting a breached palaeo-oil column. Sediments below 2,739 mKB are 100% water -wet.Loxton Shoals-1, Troubadour-1, Sunset-1, Sunset West-1, Sunrise-1 and Sunrise-2 all recovered gas ontest from the Plover Formation from what are thought to be adjacent fault compartments on the greaterSunrise/Troubadour structure. Development of the Sunrise/Troubadour resource is currently underconsideration.At date of publication, the Troubadour discovery was held under Retention Lease NT/RL2.