WA-368-P Nexus 50% (Operator), Arc Energy 50%

The Yngling prospect is defined by 3D seismic data from the Catalina survey which was acquired in August 2006. Yngling is a large low relief structure which has the potential to contain over 100 million barrels of oil resource and which will be tested by a relatively shallow 1500 metre well. This prospect is likely to be drilled early 2009 although a rig has not yet been contracted.

Map showing the location of the Yngling prospect

Map showing location of WA-368-P of the Yngling prospect

Nexus Energy - Head Office

134-140 Little Lonsdale Street Melbourne 3000
Phone:+61 3 9660 2500 Fax:+61 3 9654 9303 Email:nexus@nxs.com.au

Nexus Energy - Engineering and Operations

Level 7 / 60 Collins Street Melbourne 3000
Phone:+61 3 9660 2500 Fax:+61 3 9654 5820