About 3D Oil:  Philosophy

The Company’s immediate objective is to develop the West Seahorse Field and to explore the Sea Lion Prospect in the 100% owned Gippsland Basin Permit VIC/P57. In the longer term the Company may well seek opportunities within Australia and the Asianregion with the objective of delivering measured organic growth. Key criteria for selecting areas will be:

• identification of all essential petroleum system elements;
• acceptable levels of irreducible exploration risk;
• prior lack of thorough or systematic exploration;
• geologic diversity with a variety of hydrocarbon trap types;
• existing high density data sets;
• proximity to production facilities; and
• preferably shallow water.

The long term objective of the Company is to acquire a balanced portfolio in relation to exploration risk and potential field size, including production assets outside the Gippsland Basin. From its outset, the Company has been committed to state of the art technology, where applicable, and the use of world class practitioners preferably with backgrounds and training from leading exploration and production companies.