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Last Updated: 6 June 2008

VICTORIA PETROLEUM N.L.
PLANNED 2008 DRILLING SCHEDULE

(Note: *Firm Wells. All other well timing and permit interests subject to rig, lease availability and farmout.
Prospect size is P10 recoverable resource target and assumes target hydrocarbons are present in the prospect)
PERMIT -INTEREST %
(After farmout - direct & indirect)
2008
JUN JUL AUG SEP OCT NOV DEC
ATP 593P/ATP 771P
SURAT BASIN CSG
45%
. Rig GraphicRig Graphic*
200 BCF
DON JUAN
Rig GraphicRig Graphic*
200 BCF
DON JUAN
Rig Graphic
200 BCF
DON-JUAN
Rig Graphic
200 BCF
DON-JUAN
Rig Graphic
200 BCF
DON-JUAN
Rig Graphic
200 BCF
DON-JUAN
ATP 574P
SURAT BASIN CSG
30%
. Rig Graphic
50 BCF
MARCUS
Rig Graphic
50 BCF
MARCUS
Rig GraphicRig Graphic
50 BCF
MARCUS
Rig GraphicRig Graphic
50 BCF
MARCUS
Rig Graphic
50 BCF
MARCUS
Rig GraphicRig Graphic
50 BCF
PINELANDS
PEL 111/104
COOPER BASIN(Operator)
40%
Testing
4 MMB
GROWLER 1 & 2
. Rig Graphic*
4 MMB
GROWLER-3
Rig Graphic*
2 MMB
WARHAWK
Rig Graphic*
1 MMB
TIGERCAT
Rig Graphic*
1 MMB
METEOR
Rig Graphic*
5 MMB
TIGER SHARK
PEL 115
COOPER BASIN
(Operator)
25%
. . . . Rig Graphic
PROSPECT 1
Rig GraphicRig Graphic
PROSPECT 2,3
Rig GraphicRig Graphic
PROSPECT 4,5
ATP 752P
COOPER BASIN
15%
Rig Graphic*
11 MMB
HUDSON
Testing
2 MMB
CUISINIER
. . Rig Graphic*Rig Graphic
6 MMB
NORA-1
. .
EP 413
PERTH BASIN
5%
. . . . . . Rig Graphic*
5 MMB
JINGEMIA-12
EP 359
CARNARVON BASIN
COAST BASIN
33%
. . Rig Graphic
5 MMB
BEE EATER
. . . .
MMB - Million Barrels of Oil TCF - Trillion Cubic Feet Drilling Drilling Testing Testing
MMBOE - Million Barrels of Oil Equivalent BCF - Billion Cubic Feet

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