NT/P66 Nexus 100%

Permit NT/P66 lies in the Bonaparte Basin, offshore Northern Territory, and is close to the Blacktip gas field which is currently under development. An exploration well on a new gas prospect, Side Step, is planned to be drilled in the third quarter 2008. A rig has been contracted to drill this prospect. Side Step is a relatively large prospect with the potential to contain a gas resource of up to one trillion cubic feet.

Location of the Bonaparte Basin, North Australia

Map showing location of Permit NTP66 in the Bonaparte Basin, North Australia

Nexus Energy - Head Office

134-140 Little Lonsdale Street Melbourne 3000

Phone:+61 3 9660 2500 Fax:+61 3 9654 9303 Email:citaliano@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