Schedule of tenements

Permit Type Ownership
L6** Production Licence 100%
L8 Production Licence 100%
L17 Production Licence 100%
PL7 Onshore Pipeline Licence 100%
EP129** Exploration Permit 100%
EP371 Exploration Permit 50%
EP390^ Exploration Permit 25%
EP391 Exploration Permit 50%
EP428 Exploration Permit 50%
EP431 Exploration Permit 50%
EP436 Exploration Permit 50%
EP438^ Exploration Permit 25%
EP457 Exploration Permit 37.5%
EP458 Exploration Permit 37.5%
EP471^ Exploration Permit 25%
EP472# Exploration Permit 50%
EP473^ Exploration Permit 25%
EP474# Exploration Permit 100%
EP476# Exploration Permit 50%
EP477# Exploration Permit 50%
EP478***# Exploration Permit 100%
EP487* Exploration Permit 50%
L10-7**** Application – Exploration Permit 100%
L10-8**** Application – Exploration Permit 100%
L11-1**** Application – Exploration Permit 100%
L11-2**** Application – Exploration Permit 100%
STP-PRA-0004 Application – Production Licence 50%
STP-PRA-0005 Application – Production Licence 50%
STP-PLA-0021 Application – Pipeline Licence 100%

* Buru has a contractual right to be assigned a 50% interest on grant of the permit. ** Excluding Backreef Area. *** Subject to Trident Energy farm-in right to earn a 17.5% interest.  Mitsubishi is entitled to an interest equal to Buru’s interest. **** Subject to native title negotiations. ^ Subject to Apache farm-in as announced on 4 November 2013. # Subject to Apache option as announced on 4 November 2013.