Notice of Cancellation of Petroleum Exploration Permit WA-457-P

COMMONWEALTH OF AUSTRALIA

Section 275

Offshore Petroleum and Greenhouse Gas Storage Act 2006

NOTICE OF CANCELLATION OF

PETROLEUM EXPLORATION PERMIT WA-457-P

I, STEVEN ROBERT TAYLOR, Delegate of the National Offshore Petroleum Titles Administrator, on behalf of the Commonwealth-Western Australia Offshore Petroleum Joint Authority hereby cancel Petroleum Exploration Permit WA-457-P of which

Flow Energy Pty Ltd

(ACN 111 418 270)

is the registered titleholder, on the following grounds:

• Non-compliance with Conditions 1, 4 and 5 of Petroleum Exploration Permit WA-457-P, specifically the failure to meet the Permit Year 2 work program commitment of ‘322 km² New 3D Seismic Survey’ by licencing an equivalent amount of seismic data, and the effect of this on the Permit Year 4 geotechnical studies.

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 SE50 (Rowley Shoals)

Assessed to contain 4 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.

STEVEN ROBERT TAYLOR

DELEGATE OF THE TITLES ADMINISTRATOR

ON BEHALF OF THE COMMONWEALTH-WESTERN AUSTRALIA

OFFSHORE PETROLEUM JOINT AUTHORITY