These potential reserves to be addressed by the survey are in addition to other 1P and 2P reserves within the Tintaburra Block. The survey will also attempt to further define the reservoirs in five producing oil fields, including Talgeberry, Mulberry, Gimboola, Cranstoun and Endeavour.

The high quality 3D seismic data will also be used to identify and map at least 10 remaining undrilled structures (prospects) within the area of 3D coverage, which cover potential oil zones in the Birkhead, Wyandra, Murta and Westbourne Formations.

Following completion of the survey and interpretation, the data will provide a logical

platform for an additional five to 10 near field exploration (NFE) oil wells plus additional,

delineation and development wells. Delineation of the new Mulberry field will be a priority.

Drillsearch holds a 10% working interest in the Tintaburra Block.