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Otway Basin - PEL's 154 & 155

3-D Seismic was acquired in January in both the Nangwarry and Benara areas, funded by Hardie Energy to earn 50% in each of the two PEL's.

This data has been processed and is currently being interpreted, and a well will be drilled in each area in 2009. The interests at the drilling stage will be: Rawson 37.5% and operator, Hardie Energy 50% and Energetica Resources 12.5%.

Technical supervision is by Energetica Resources to earn a 12.5% interest.

 

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