Location of Licences

South Pacific Resources Ltd (the “Company”) operates, and holds a 100% working interest, in five Petroleum Prospecting Licenses in PNG (‘PPL’). These cover a total area of 11,972km2 in both onshore and offshore settings (Figure 1). Four of these (PPL 356, 357, 366 and 367) are in the Papuan Basin close to existing oil and gas fields and associated production infrastructure. The fifth (PPL 358) is in the Cape Vogel Basin, a lightly explored offshore frontier basin where natural oil and gas seepages have been reported.

Figure 1 Location of the five PNG South Pacific Resources PPLs (on Google Earth image)