Location                                                                              Total area                     Interest held

                                                                                             Sq. Kms.       Hectares      Acres              %           

 

          OIL & GAS

 

          A.      AUSTRALIA

 

                   Western Australia - Carnarvon Basin, Western Australia (onshore)

                                     

                   Exploration Permit 369                                     1,653        165,300           408,290       100

                   Exploration Permit 405                                     4,417        441,700        1,091,000      100

                   Exploration Permit 410                                        786         78,600           194,100       100

                  

                  

                    Exploration Permit 439                                     7,197        719,700        1,777,659        23.38

                        

                  

                    Application - SPA 11/05-6      24 blocks            1,550        155,000           382,850        23.38

                    Application - SPA 12/05-6       4+ blocks              270           27,000             66,700        23.38

 

 

 

                   Queensland - Surat Basin

 

                   EPP-755  (Exploration Permit for Petroleum)        374         37,400             92,378         50

 

 

                   Petroleum Leases 18 and 40

 

                   Longreach holds a 22% shareholding in Brisbane Petroleum N L, which in turn holds a 50%

                   interest in both Petroleum Leases No. 18 and No. 40 (and also EPP-755).

 

 

        B.         UNITED STATES OF AMERICA

 

                   Oklahoma - Rogers County 

                  

                   Winganon Lease Group                                           0.9             90                   220       

 

                   Longreach Oil has an indirect interest in the above area through its 25% equity interest in

                   Austex Oil Limited, which through its subsidiary International Energy Corporation (IEC),

                   holds a 100% working interest and a 75% equity interest in the above area.

                                                                                                                                                                         

 

        ENERGY  -  Hot Rocks (Group 8 Minerals)

 

                   New South Wales - Sydney Basin

 

                    Exploration Licence 6212                                  5,500        550,000        1,358,500        50

                                                                                                                                                                         

 

        GOLD

 

                   Victoria

 

                   Application for Exploration Licence 4577 - Royal Standard Group of Gold Mine areas

 

                   The application for this area was refused and appropriate procedures for its restoration are

                   being examined.

                                                                                                                                                                         

 

        DIAMONDS

 

                   Russia  - Licence No. 00022 Series ARK

                                North of Arkhangelsk                                     5            500              1,235         15