Schedule of tenements

Permit Type Ownership
L6* Production Licence 100%
L8 Production Licence 100%
L17 Production Licence 100%
L20 Production Licence 50%
L21 Production Licence 50%
PL7 Onshore Pipeline Licence 100%
PL109 Onshore Pipeline Licence 100%
EP129* Exploration Permit 100%
EP371 Exploration Permit 50%
EP390 Exploration Permit 50%
EP391 Exploration Permit 50%
EP428 Exploration Permit 50%
EP431 Exploration Permit 50%
EP436 Exploration Permit 50%
EP438 Exploration Permit 50%
EP457 Exploration Permit 37.5%
EP458 Exploration Permit 37.5%
EP471 Exploration Permit 50%
EP472 Exploration Permit 50%
EP473 Exploration Permit 50%
EP476 Exploration Permit 50%
EP477 Exploration Permit 50%
EP478** Exploration Permit 100%
L11-2*** Application – Exploration Permit 100%

* 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.