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.