30 October 2015 ABN 68 079 432 796 September 2015 Quarter Activity Report HIGHLIGHTS Warro Gas Project Warro 5 was drilled to a total depth of 4422m MD on 25 September. Warro 6 commenced on October 11 and is currently at 3865m RT and preparing to drill ahead in 8 ½ hole after running 9 5/8 casing. Strong gas shows were encountered in Warro 5 over a gross interval of 175m with approximately 130m of net gas pay in massive stacked sands between 4247m MD (4152m TVD) and 4408m MD (4313m TVD). Due to Warro 5 finishing in gas the JV has decided to drill Warro 6 deeper than initially planned, to approximately 4500m RT. Once the results of both wells are available, a stimulation and extended testing programme will take place to confirm the flow potential of the reservoir sections. Testing of the wells is expected to commence in December and could last for up to six months. The Warro 5 and 6 work is fully funded by Alcoa. Canadian Operations Demerger of Canadian Assets to allow Transerv to focus on Warro. Warro Gas Project Update The Warro Joint Venture (WJV) has completed the drilling of Warro 5 and Warro 6 was spud on 11 October 2015. Work carried out or underway past included: Drilling Drilling at Warro 5 commenced on 15 August 2015. The well was sidetracked at 1867m RT when the bottom hole assembly became stuck in the hole and had to be abandoned. The sidetrack well was designated Warro 5ST. Warro 5ST reached a final TD of 4422m MD (4327m TVD) on 23 September. Strong gas shows were encountered over a gross interval of 175m with approximately 130m of net gas pay in massive stacked sands between 4247m MD (4152m TVD) and 4408m MD (4313m TVD). A gas water contact was not observed in the well, but gas on rock was seen on logs at the base of the lowest pay section. While more gas charged sands are expected deeper in the well, Warro 5ST has achieved its prime objective of providing a substantial interval of gas charged reservoir for stimulation and testing. Warro 5ST is located approximately 3.5 km from previous wells and represents a substantial step out that has significantly extended the proven extent of the gas field. Figure 1: The Warro Gas Field is located close to key pipelines and AWE s recent Waitsia gas discovery. Warro 6, which is located approximately 3km to the Northwest of Warro 5ST, commenced drilling in the first week of October. Page 1 of 8
Environmental Monitoring and Community Consultation Water and soil samples are ongoing during operations and as part of the agreement to participate in a water and soil/atmospheric gas project with CSIRO and other Perth Basin Operators. CSIRO and UWA have planned visits for site over the coming months and the seismic monitoring arrays will be installed by ESS in October. Local community meetings have been held in Badgingarra and Dandaragan and opportunities to visit site will be made available to local councillors, landowners and other interested parties in late October. Further update meetings have been held with representatives from Local Shires, DMP and DoW. The Warro Joint Venture was also represented at the Irwin Shire Oil & Gas day on 23 September. Warro Project Background The Warro field lies 200km north of Perth in the Perth Basin and is one of the largest undeveloped onshore gas fields in Australia. Transerv currently has a 57 per cent stake in Warro and is the project operator. Alcoa is earning up to 65 per cent under a farmin agreement, in which Alcoa will spend up to $100 million on exploration and development at Warro. Alcoa is funding a staged program which includes the drilling of further wells and constructing production infrastructure. Warro 5 and 6 are being drilling and tested as part of the Alcoa farmin arrangement Warro is located just 31km east of both the Dampier to Bunbury Natural Gas Pipeline and the Dongara to Perth Parmelia Pipeline. Alcoa has substantial capacity reserved in the Dampier line. Figure 2: Seismic Fault Attributes. The location of faulting (the blue linear features near Warro 3 and 4) is believed to be the source of the water Canadian Demerger In August the Board of Transerv resolved, subject to shareholder approval, to demerge the Company s Canadian assets, primarily comprising its 60% interest in the Montney play. Structure of the Demerger To effect the demerger, Transerv incorporated a new Australian subsidiary, TSV Montney Limited. TSV Montney was transferred 100% of Woma Energy Ltd (Transerv s subsidiary which owns the Canadian assets). All the issued shares in TSV Montney (80,681,989 shares) are now in the process of being distributed by Transerv to its shareholders on a 1 for 10 basis (an in specie distribution). The end result is Transerv shareholders will directly own TSV Montney, an unlisted Australian public company, which will own the Canadian assets through Woma Energy Ltd. Page 2 of 8
Rationale for the Demerger It was apparent to the Board that most shareholders in Transerv are investing in Transerv due to the Warro project in the Perth Basin and relatively little value is attributed to the Canadian assets. The Board proposes to demerge the Canadian assets in order to provide the following benefits: 1. Following the demerger, Transerv will be focused upon the Warro and Dandaragan projects in the Perth Basin, without ongoing exposure to the potential risks and costs of the Canadian assets. 2. Shareholders will retain their current shareholding in Transerv and also receive a proportional share in the Canadian assets via TMK Montney. This represents a bonus for most Transerv shareholders who are focused upon the potential value creation of the Warro project. 3. In an unlisted structure, the underlying value of the Montney asset in particular can be unlocked over time and with low overheads and minimal dilution. Importantly, the Montney asset will be well positioned to take advantage of any changes in the investment climate. 3. With the land acquisition phase almost complete, there are little short term capital commitments for this asset and the next steps for the Montney asset are to monitor drilling results in nearby areas, incorporate such results into ongoing geoscience studies, and to seek to enter into a partnering arrangement to drill up the project with a reputable Canadian company. 5. Assuming the value of the Montney asset is unlocked in due course, TSV Montney will then be able to seek to establish liquidity or a financial result in respect of its shares. In this manner, the value of the Canadian assets are considered most likely to be best realised for the benefit of existing Transerv shareholders. Corporate Cash position as at 30 September 2015 At the end of the September 2015, the Transerv Energy consolidated group had a closing balance of $1,022,825 as set out in the Appendix 5B and C$2.045 worth of Leucrotta Exploration Inc. shares based on the price at 30 September 2015. For and on behalf of the Board Page 3 of 8
As at 30 September 2015, Transerv has an interest in the following tenements. Tenements marked with * are held in Trust by Black Swan Energy Limited. Lease or Project CANADIAN LAND INTERESTS Hectares Legal Description Interest Location Rights Change 511080053 87.04 T40 R5W5: 15* 34.00% Alberta, Canada b.b. Mann. 511080054 87.04 T40 R5W5: 22* 34.00% Alberta, Canada b.b. Mann. 511020095 21.76 T40 R6W5:NE12* 34.00% Alberta, Canada b.b. Mann. 511080055 87.04 T41 R5W5: 7* 34.00% Alberta, Canada b.b. Mann. 510120361 87.04 T41 R7W5: 14 34.00% Alberta, Canada b.b. Vik. excl. Duvernay 511020101 21.76 T41 R7W5: NE26 34.00% Alberta, Canada b.b. Mann. excl. Duvernay 511020102 65.28 T41 R7W5: S&NW 28 34.00% Alberta, Canada b.b. Mann. excl. Duvernay 511020145 T46 R10W5:21 34.00% Alberta, Canada b.b. Mann. 511020147 T46 R10W5:22 34.00% Alberta, Canada b.b. Mann. 511020148 T46 R10W5:28 34.00% Alberta, Canada b.b. Mann. 511020150 T46 R10W5:33 34.00% Alberta, Canada b.b. Mann. 511020166 T47 R10W5: 3 34.00% Alberta, Canada b.b. Mann. 511020167 T47 R10W5: 4 34.00% Alberta, Canada b.b. Mann. 511020168 T47 R10W5: 10 34.00% Alberta, Canada b.b. Mann. 511020169 T47 R10W5: 15 34.00% Alberta, Canada b.b. Mann. 511020175 T47 R10W5: W25 34.00% Alberta, Canada b.b. Mann. 511020176 T47 R11W5: 13 34.00% Alberta, Canada b.b. Mann. 511100144 T49 R9W5:22 34.00% Alberta, Canada b.b. Mann. to b. Nordegg 511100145 T49 R9W5:23 34.00% Alberta, Canada b.b. Mann. to b. Nordegg 510120376 T49 R11W5:N&SW16 34.00% Alberta, Canada b.b. Mann. to b. Banff 510120378 T49 R11W5:N&SW16, SE21 34.00% Alberta, Canada b. b. Banff 510120379 T49 R11W5:SE21 34.00% Alberta, Canada b.b. Mann. to b. Banff 511120453 T51 R9W5:N&SE17 34.00% Alberta, Canada all P&NG 510120389 T53 R12W5:24 34.00% Alberta, Canada all P&NG 510120390 T53 R12W5:35 34.00% Alberta, Canada b.b. Edmt. 510120393 T54 R11W5:N6 34.00% Alberta, Canada b.b. Edmt. 511080092 T54 R11W5:7 34.00% Alberta, Canada b.b. Mann. 511080093 T54 R12W5:12 34.00% Alberta, Canada b.b. Mann. 65101 086 15W6:1 50.00% British Columbia, Canada All PNG in charlie lake 65089 507 082 17W6:3, 33 60.00% British Columbia, Canada Petroleum only below base charlie lake NG below base basal montney LAG belloytaylor flat 65159 521 083 17W6:17,20 60.00% British Columbia, Canada All PNG 65201 261 083 18W6:21 60.00% British Columbia, Canada All PNG Page 4 of 8
Lease or Project 65091 781 65036 777 65065 65283 65270 Hectares Legal Description Interest Location Rights 777 083 18W6:E24(Tract 1) W24(Tract 2) 25,26(Tract 3) 60.00% Change British Columbia, Canada Tract 1 All PNG Tract 2 PNG below base charlie lake Tract 3 PNG below base artex halfway Doig Tract 1:083 18W6:34 60.00% British Columbia, Canada All PNG excl NG to base Tract 1:084 18W6:3 60.00% British Columbia, Canada All PNG excl NG to base Tract 2:083 18W6:27 60.00% British Columbia, Canada All PNG excl NG to base 084 17W6:17(Tract 1) 18, 19(Tract 2) 792 086 22W6: 33 525 086 21W6: 33,34 528 Tract 1: 087 22W6:9 Tract 2: 087 22W6:17 60.00% 60.00% 60.00% British Columbia, Canada Tract 1 PNG below base cadomin dunlevynikanassin Tract 2 PNG below base charlie lake British Columbia, Canada All PNG British Columbia, Canada Tract 1 All PNG Tract 2 PNG below base charlie lake Tract 1: PNG b.b. Baldonell Tract 2: PNG b.b. Artexhalfway doig 65283 792 087 22W6:2,3 60.00% British Columbia, Canada All PNG 65276 556 094 G 10 BLK A Units 18, 19, 28, 29, 38, 39, 48, 49 094 G 10 BLK G Units 65277 554 56, 57, 66, 67, 76, 77, 86, 87 563 094 G 9 BLK C Units 38, 39, 48, 49 (Tract 65450 1) 094 G 9 BLK Units 36, 37, 46, 47 (Tract 2) 094 G 9 BLK D Units 65452 843 92, 93, 94, 95 094 G 9 BLK E Units 2, 3, 4, 5, 12, 13, 22, 23 65446 534 65456 800 65454 841 65346 801 65350 1126 Tract 1: 087 21W6M:18 Tract 2: 087 21W6M:17 086 21W6M:32, 087 21W6M:3, 4 094 G 10 BLK G Units 74, 75, 84, 85, 94, 95, 96, 97 094 G 10 BLK J Units 4, 5, 6, 7 087 21W6M:6, 087 22W6M:1, 2 094 G 08 BLK J Units 96, 97, 98, 99 094 G 9 BLK B Units 6, 7, 8, 9, 16, 17, 18, 19, 26, 27, 28, 29 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada Tract 1: All PNG Tract 2: PNG below base artex halfway doig 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada Tract 1: All PNG Tract 2: All PNG excl PNG in cadomin Dunley Nikinassin and PNG in Artex Halfway Doig 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada Page 5 of 8
Lease or Project 65355 562 65381 801 65391 844 65393 563 Hectares Legal Description Interest Location Rights 833 556 833 1110 555 554 556 556 555 65733 563 65733 281 094 G 10 BLK G Units 34, 35, 44, 45, 54, 55, 64, 65 087 21W6M:5, 7 (Tract 1) 087 21W6M:8 (Tract 2) 094 G 9 BLK C Units 54 57, 64 67 (Tract 1), 094 G 9 BLK C Units 58, 59, 68, 69 (Tract 2) 094 G 10 BLK A Units 20, 30, 40, 50, 094 G 10 BLK B Units 11, 21, 31, 41 94 G 9 BLK C Unit 76, 77, 86, 87 (Tract 1), 94 G 9 BLK C Unit 74, 75, 78, 79, 84, 85, 88, 89 (Tract 2) 94 G 9 BLK B Unit 56, 57, 58, 59,66, 67, 68, 69 94 G 9 BLK B Unit 98, 99, 100, 94 G 9 BLK C Unit 91, 92, 93, 94 G 9 BLK F Unit 1, 2, 3, 94 G 9 BLK G Unit 8, 9, 10 94 G 9 BLK F Unit 16, 17, 26, 27 (Tract 1), '94 G 9 BLK F Unit 14, 15, 24, 25, 34, 35, 36, 37, 44, 45, 46, 47 (Tract 2) 94 G 9 BLK C Unit 100, 94 G 9 BLK D Unit 91, 94 G 9 BLK E Unit 1, 11, 21, 94 G 9 BLK F Unit 10, 20, 30 94 G 10 BLK J Unit 14, 15, 24, 25, 34, 35, 44, 45 94 G 9 BLK C Unit 38, 39, 48, 49 (Tract 1), 94 G 9 BLK C Unit 36, 37, 46, 47 (Tract 2) 94 G 9 BLK C Unit 52, 53, 62, 63, 72, 73, 82, 83 94 G 9 BLK C Unit 98,99, 94 G 9 BLK F Unit 8,9,18,19,28,29 94 G 09 BLK B Unit 20,30 (Tract 1) 94 G 09 BLK C Unit 11, 12, 13, 21, 22, 23 94 G 09 BLK C Unit 14, 15, 24, 25 (Tract 2) Change 60.00% British Columbia, Canada All PNG 60.00% British Columbia, Canada 60.00% British Columbia, Canada Tract 1: All PNG, Tract 2: All PNG excl PNG in Cadomin Dunley Nikanassin & PNG in Artex Halfway Doig Tract 1: All PNG, Tract 2: All PNG BB Artex Halfway Doig 60.00% British Columbia, Canada All PNG 60.00% British Columbia All PNG (Tract 1), PNG below base Artex Halfway Doig (Tract 2) 60.00% British Columbia All PNG 60.00% British Columbia 60.00% British Columbia PNG below base Artex Halfway Doig All PNG (tract 1), PNG belowb ase Artex Halfway Doig (Tract 2) 60.00% British Columbia All PNG 60.00% British Columbia All PNG 60.00% British Columbia 60.00% British Columbia All PNG (Tract 1), PNG below base Artex Halfway Doig (Tract 2) PNG below base Artex Halfway Doig 60.00% British Columbia All PNG 60.00% British Columbia All PNG 60.00% British Columbia PNG below base Artex Halfway Doig during during Page 6 of 8
Lease or Project 65691 563 65691 281 65735 843 65663 843 65662 281 65659 562 Hectares Legal Description Interest Location Rights 94 G 09 BLK B Unit 40, 50 (Tract 1) 94 G 09 BLK C Unit 31, 32, 33, 41, 42, 43 94 G 09 BLK C Unit 34, 35, 44, 45 (Tract 2) 94 G 09BLK B Unit 60, 70, 78, 79, 80, 88, 89, 90 94 G 9 BLK C Unit 51, 61, 71, 81 94 G 9 BLK C Unit 60, 70, 80, 90 94 G 9 BLK D Unit 51, 61, 71, 72, 73, 81, 82, 83 94 G 9 BLK C Unit 96, 97 94 G 9 BLK F Unit 6, 7 94 G 10 BLK G Unit 36, 37, 46, 47, 58, 59, 68, 69 60.00% British Columbia All PNG 60.00% British Columbia 60.00% British Columbia PNG below base Artex Halfway Doig PNG below base Artex Halfway Doig 60.00% British Columbia All PNG 60.00% British Columbia All PNG 60.00% British Columbia All PNG 510090803 T48 R7W5:7 34.00% Alberta, Canada b.b. Mann. 510090814 T48 R8W5:3 34.00% Alberta, Canada b.b. Mann. 510090819 T48 R8W5:11 34.00% Alberta, Canada b.b. Mann. 510090820 T48 R8W5:12 34.00% Alberta, Canada b.b. Mann. to b. Nordegg 510090824 T48 R8W5:17 34.00% Alberta, Canada b.b. Mann. 510090826 T48 R8W5:23 34.00% Alberta, Canada b.b. Mann. 510090829 T48 R8W5:S29 34.00% Alberta, Canada b.b. Nisku 510080155 T50 R10W5:S&NW29, E32 34.00% Alberta, Canada 510080156 T50 R10W5:33,E33 34.00% Alberta, Canada S&NW29 b.b. Mann., E32 b.b. Nisku E33 b.b. Mann., W33 b.b. Nisku 511080073 T50 R14W5:28 34.00% Alberta, Canada b.b. Bluesky 510080158 T51 R10W5:N&SE4 34.00% Alberta, Canada b.b. Vik. 510080160 T51 R10W5:N5 34.00% Alberta, Canada b.b. Vik. 510080162 T51 R10W5:8, 17 34.00% Alberta, Canada 8 b.b. Mann., 17 b.b. Vik. Change during during during during during during Page 7 of 8
Lease or Project Hectares Legal Description Interest Location Rights 510080163 T51 R10W5:9 34.00% Alberta, Canada b.b. Vik. 510080170 T51 R10W5:21 34.00% Alberta, Canada b.b. Mann. 511080079 T51 R14W5:35 34.00% Alberta, Canada b.b. Bluesky Bullhead 512070098 T49 R9W5:S9 34.00% Alberta, Canada 512070102 T50 R10W5:20 34.00% Alberta, Canada 512070103 T50 R10W5:NW28 34.00% Alberta, Canada 512070104 T50 R10W5:SW31 34.00% Alberta, Canada 512070105 T51 R9W5:E8 34.00% Alberta, Canada 512070106 T51 R9W5:32 34.00% Alberta, Canada 512070107 T51 R10W5:N2,11 34.00% Alberta, Canada 512070108 T51 R10W5:SW4 34.00% Alberta, Canada 512070109 T51 R10W5:SE5 34.00% Alberta, Canada 5412070164 T49 R9W5:N&SW21,22,23 34.00% Alberta, Canada PNG base Rock Creek to Base of basement PNG base Banff to base of basement PNG base of Nisku to base of basement PNG base of Nordegg to base of basement PNG base of Nisku to base of basement PNG top of surface to base of Rock Creek to base of basement PNG base of Nisku to base of basement PNG from base of Nisku to base of basement PNG from base of Nisku to base of basement Change Page 8 of 8
Rule 5.5 Appendix 5B Mining exploration entity and oil and gas exploration entity ly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013 Name of entity TRANSERV ENERGY LIMITED ABN Quarter ended ( current ) 68 079 432 796 30 September 2015 Consolidated statement of cash flows Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other R & D tax incentive Net Operating Cash Flows Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other Canadian tax paid from acreage sale Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) Current $A 000 166 (97) (622) Year to date (3. months) $A 000 166 (97) (622) (553) (553) (680) (680) (680) (680) (1,233) (1,233) Page 9 of 8
1.13 Total operating and investing cash flows (brought (1,233) (1,233) forward) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows 0 0 Net increase (decrease) in cash held (1,233) (1,233) 1.20 Cash at beginning of /year to date 2,256 2,256 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of 1,023 1,023 Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities Current $A'000 1.23 Aggregate amount of payments to the parties included in item 1.2 229 1.24 Aggregate amount of loans to the parties included in item 1.10 Nil 1.25 Explanation necessary for an understanding of the transactions Directors and executive service fees. Non cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Nil 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil Page 10 of
Financing facilities available Add notes as necessary for an understanding of the position. Amount available $A 000 3.1 Loan facilities 3.2 Credit standby arrangements Amount used $A 000 Nil Nil Estimated cash outflows for next $A 000 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration 385 Total 385 Reconciliation of cash Reconciliation of cash at the end of the (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) Current $A 000 Previous $A 000 1,003 2,236 20 20 Total: cash at end of (item 1.22) 1,023 2,256 Page 11 of
Changes in interests in mining tenements and petroleum tenements Changes in interests in petroleum tenements 6.1 Interests in petroleum tenements held at the end of the and their location Tenement Reference and Location Woma (British Columbia, Canada): 086 15W6:1 Nature of Interest (note (2)) Interest at beginning of No change 50% 50% 082 17W6:3, 33 No change 60% 60% 083 17W6:17,20 083 18W6:21. 083 18W6:E24(Tract 1) W24(Tract 2) 25,26(Tract 3) Tract 1:083 18W6:34 Tract 1:084 18W6:3 Tract 2:083 18W6:27 084 17W6:17(Tract 1) 18, 19(Tract 2) 086 22W6: 33 086 21W6: 33,34 Tract 1: 087 22W6:9 Tract 2: 087 22W6:17 087 22W6:2,3 094 G 10 BLK A Units 18, 19, 28, 29, 38, 39, 48, 49 094 G 10 BLK G Units 56, 57, 66, 67, 76, 77, 86, 87 94 G 9BLK C Unit 38,39,48,49 (tract 1), 94 G 9 BLK C Unit 36,37,46,47 (tract 2) 94 G 9 BLK D Unit 92,93,94,95; 94 G 9 BLK E Unit 2,3,4,5,12,13,22,23 94 G 10 BLK G Unit 74,75,84,85,94,95,96,97;94 G 10 BLK J Unit 4,5,6,7 87 21W6: 18 (Tract 1); 87 21W6: 17 (Tract 2); 86 21W6: 32; 87 21W6: 3,4 87 21W6: 6; 87 22W6: 1,12 94 G 08 BLK J Unit 96,97,98,99; 94 G 9 BLK B Unit 6,7,8,9,16,17,18,19,26,27,28,29 94 G 10 BLK G Unit 34,35,44,45,54,55,64,65 87 21W6: 5,7(Tract 1); 87 21W6: 8(Tract 2) 94 G 9 BLK C Units 54 57,64 67(Tract 1); 94 G 9 BLK C Unit 58,59,68,69 (Tract 2) 94 G 10 BLK A Units 20,30,40,50; 94 G 10 BLK B Units 11,21,31,41 94 G 9 BLK C Unit 76, 77, 86, 87 (Tract 1) 94 G 9 BLK C Unit 74, 75, 78, 79, 84, 85, 88, 89 (Tract 2) 94 G 9 BLK B Unit 56, 57, 58, 59,66, 67, 68, 69 94 G 9 BLK B Unit 98, 99, 100 Interest at end of Quarter Page 12 of
94 G 9 BLK C Unit 91, 92, 93 94 G 9 BLK F Unit 1, 2, 3 94 G 9 BLK G Unit 8, 9, 10 94 G 9 BLK F Unit 16, 17, 26, 27 (Tract 1) 94 G 9 BLK F Unit 14, 15, 24, 25, 34, 35, 36, 37, 44, 45, 46, 47 (Tract 2) 94 G 9 BLK C Unit 100 94 G 9 BLK D Unit 91 94 G 9 BLK E Unit 1, 11, 21 94 G 9 BLK F Unit 10, 20, 30 94 G 10 BLK J Unit 14, 15, 24, 25, 34, 35, 44, 45 94 G 9 BLK C Unit 38, 39, 48, 49 (Tract 1), 94 G 9 BLK C Unit 36, 37, 46, 47 (Tract 2) 94 G 9 BLK C Unit 52, 53, 62, 63, 72, 73, 82, 83 94 G 9 BLK C Unit 98,99, 94 G 9 BLK F Unit 8,9,18,19,28,29 94 G 09 BLK B Unit 20,30 (Tract 1); 94 G 09 BLK C Unit 11, 12, 13, 21, 22, 23; 94 G 09 BLK C Unit 14,15,24,25 (Tract 2); 94 G 09 BLK B Unit 40,50 (Tract 1); 94 G 09 BLK C Unit 31,32,33,41,42,43; 94 G 09 BLK C Unit 34, 35, 44, 45 (Tract 2); 94 G 09BLK B Unit 60, 70, 78, 79, 80, 88, 89, 90; 94 G 9 BLK C Unit 51, 61, 71, 81; 94 G 9 BLK C Unit 60, 70, 80, 90; 94 G 9 BLK D Unit 51, 61, 71, 72, 73, 81, 82, 83; 94 G 9 BLK C Unit 96,97; 94 G 9 BLK F Unit 6,7; 94 G 10 BLK G Unit 36, 37, 46, 47, 58, 59, 68, 69 0% 60% Woma (Alberta, Canada): 6.2 Interests in petroleum tenements relinquished, reduced or lapsed and their location T40 R5W5: 15*; T40 R5W5: 22*; T40 R6W5:NE12*; T41 R5W5: 7*; T41 R7W5: 14; T41 R7W5: NE26; T41 R7W5: S&NW 28; T46 R10W5:21; T46 R10W5:22; T46 R10W5:28; T46 R10W5:33; T47 R10W5: 3; T47 R10W5: 4; T47 R10W5: 10; T47 R10W5: 15; T47 R10W5: W25; T47 R11W5: 13 T49 R9W5:22; T49 R9W5:23; T49 R11W5:N&SW16; T49 R11W5:N&SW16, SE21; T49 R11W5:SE21; T51 R9W5:N&SE17; T53 R12W5:24; T53 R12W5:35; T54 R11W5:N6; T54 R11W5:7; T54 R12W5:12; Woma (Alberta, Canada): T38 R4W5: NW16; T38 R4W5: N17; T38 R4W5: 18 T38 R5W5: 10; T38 R5W5: 12; T38 R5W5: N&SE13; T38 R5W5: NW15; T38 R5W5: NW15; T38 R5W5: S&NE24; T39 No change 34% 34% 34% 0% Page 13 of
R6W5:N&SE24; T40 R5W5: 28*; T40 R5W5: 32*; T41 R5W5: 6*; T41 R6W5: 19, 30; T41 R7W5: 13; T41 R7W5: 25; T41 R7W5: 27; T41 R7W5 36,36NE,36S,36NW; T47 R8W5:15; T47 R8W5:17; T47 R8W5:18; T47 R8W5:20; T47 R8W5:21; T47 R8W5:23; T47 R8W5:24; T47 R8W5:25; T47 R8W5:26; T47 R8W5:S&NE27; T47 R8W5:S28; T47 R8W5:35; T47 R9W5: NE13; T48 R7W5:7; T48 R8W5:3; T48 R8W5:11; T48 R8W5:12; T48 R8W5:17; T48 R8W5:23; T48 R8W5:S29; T50 R10W5:S&NW29, E32; T50 R10W5:33,E33; T51 R10W5:N&SE4; T51 R10W5:N5; T51 R10W5:8, 17; T51 R10W5:9; T51 R10W5:21; T47 R11W5: 36,N36; T50 R14W5:28; T51 R14W5:35; T49 R9W5:S9; T50 R10W5:20; T50 R10W5:NW28; T50 R10W5:SW31; T51 R9W5:E8; T51 R9W5:32; T51 R10W5:N2,11; T51 R10W5:SW4; T51 R10W5:SE5; T49 R9W5:N&SW21,22,23 34% 0% 6.3 Interests in petroleum tenements acquired or increased and their location Woma (British Columbia, Canada): 94 G 09 BLK B Unit 20,30 (Tract 1); 94 G 09 BLK C Unit 11, 12, 13, 21, 22, 23; 94 G 09 BLK C Unit 14,15,24,25 (Tract 2); 94 G 09 BLK B Unit 40,50 (Tract 1); 94 G 09 BLK C Unit 31,32,33,41,42,43; 94 G 09 BLK C Unit 34, 35, 44, 45 (Tract 2); 94 G 09BLK B Unit 60, 70, 78, 79, 80, 88, 89, 90; 94 G 9 BLK C Unit 51, 61, 71, 81; 94 G 9 BLK C Unit 60, 70, 80, 90; 94 G 9 BLK D Unit 51, 61, 71, 72, 73, 81, 82, 83; 94 G 9 BLK C Unit 96,97; 94 G 9 BLK F Unit 6,7; 94 G 10 BLK G Unit 36, 37, 46, 47, 58, 59, 68, 69 Purchase of acreage 0% 60% 6.4 Beneficial percentage interests held in farm in or farmout agreements 6.5 Beneficial percentage interests in farmin or farm out agreements acquired or disposed of N/A N/A N/A N/A N/A N/A N/A N/A Page 14 of
Issued and quoted securities at end of current Description includes rate of interest and any redemption or conversion rights together with prices and dates. 7.1 Preference + securities (description) 7.2 Changes during (a) Increases through issues (b) Decreases through returns of capital, buybacks, redemptions 7.3 + Ordinary securities 7.4 Changes during (a) Increases through issues (b) Decreases through returns of capital, buybacks 7.5 + Convertible debt securities (description) 7.6 Changes during (a) Increases through issues (b) Decreases through securities matured, converted 7.7 Options (description and conversion factor) 7.8 Issued during 7.9 Exercised during 7.10 during 7.11 Debentures (totals only) 7.12 Unsecured notes (totals only) Total number Number quoted 806,819,893 806,819,893 Issue price per security (see note 3) (cents) 28,000,000 Nil Exercise price 2.5cents Amount paid up per security (see note 3) (cents) Expiry date 31 Mar 2019 Page 15 of
Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5). 2 This statement does give a true and fair view of the matters disclosed. Sign here: Chief Financial Officer Date: 30 October 2015 Print name: Jo Ann Long Notes 1 The ly report provides a basis for informing the market how the entity s activities have been financed for the past and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The Nature of interest (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities. The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. Page 16 of