Notice of Cancellation of Petroleum Exploration Permit WA-485-P

COMMONWEALTH OF AUSTRALIA

Section 708

Section 275

Offshore Petroleum and Greenhouse Gas Storage Act 2006

NOTICE OF CANCELLATION OF

PETROLEUM EXPLORATION PERMIT WA-485-P

I, STEVEN ROBERT TAYLOR, the Delegate of the National Offshore Petroleum Titles Administrator, on behalf of the Commonwealth-Western Australia Offshore Petroleum Joint Authority hereby cancel the whole of Petroleum Exploration Permit WA-485-P as described by the blocks hereunder of which

IPB West Pty Ltd

(ABN 13 153 541 809)

is the registered titleholder, on the ground of:

• non-compliance with Condition 1 of Petroleum Exploration Permit WA-485-P, specifically the failure to meet the following minimum work requirements:

• acquire a 900 km2 new 3D seismic survey; and
• drill two 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 SD51 (Brunswick Bay)

This cancellation 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