Notice of Cancellation of Petroleum Exploration Permit EPP38

COMMONWEALTH OF AUSTRALIA

Section 275

Offshore Petroleum and Greenhouse Gas Storage Act 2006

NOTICE OF CANCELLATION OF

PETROLEUM EXPLORATION PERMIT EPP38

I, JENNIFER-LEE MAHER, Delegate of the National Offshore Petroleum Titles Administrator, on behalf of the Commonwealth-South Australia Offshore Petroleum Joint Authority hereby cancel Petroleum Exploration Permit EPP38 of which

BP Developments Australia Pty. Ltd.

(ACN 081 102 856)

are the registered titleholders, on the following grounds:

• Non-compliance with Conditions 1 and 4 of Petroleum Exploration Permit EPP38, specifically the failure to meet the Permit Year 3 commitment of drilling two (2) exploration wells.

DESCRIPTION OF BLOCKS

The reference hereunder is to the name of the map sheet of the 1:1,000,000 series prepared and published for the purposes of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and to the numbers of graticular sections shown thereon.

Map Sheet SI 52 [EYRE]

Assessed to contain 85 blocks.

This notice takes effect on the day on which it appears in the Australian Government Gazette.

Made under the Offshore Petroleum and Greenhouse Gas Storage Act 2006

of the Commonwealth of Australia.

JENNIFER-LEE MAHER

DELEGATE OF THE TITLES ADMINISTRATOR

ON BEHALF OF THE COMMONWEALTH-SOUTH AUSTRALIA

OFFSHORE PETROLEUM JOINT AUTHORITY