Enterprise Energy

Tenements

Tenement Inventory

LICENCE INTEREST BASIN STATE
ATP-539P 50% earning Cooper QLD
ATP-549P (West) 41.66% Cooper QLD
PEL-88 10% Cooper SA
PEL-100 10% Cooper SA
PEL-106 (Smegsy Block) 25% Cooper SA
PL-18 50% earning Surat QLD
PL-40 50% earning Surat QLD
EP(A)-105 100% Amadeus NT
EP(A)-106 100% Amadeus NT
EP(A)-107 100% Amadeus NT

ATP539P; Cooper Basin, Queensland
Earning a 50% working interest in this licence by completing the acquisition, processing and interpretation of at least 70 kilometres of 2D-seismic and the drilling of one well to economic basement.
The Planet Downs Seismic Survey has been completed and has identified three drillable structures.
Planet Downs-1 is designed to be drilled at the end of 2005.

ATP-549P(West); Cooper Basin, Queensland
41.66%working interest.

PEL-88; Cooper Basin, South Australia
10% working interest.

PEL-100; Cooper Basin, South Australia
20% working interest.

PEL-106(Smegsy Block); Cooper Basin, South Australia
25% working interest in any production licence to be granted over any hydrocarbon resource.
Smegsy-1 has been drilled and is a gas discovery.

PL-18; Surat Basin, Queensland
Earning a 50% interest in this production licence by drilling three (3) wells.
One well, Yellowbank Creek-4 has already been drilled.

PL-40; Surat Basin, Queensland
Earning a 50% interest in this production licence by drilling a well or by drilling a fourth well on PL-18.

Amadeus Basin; EP(A) 105,106 & 107
Enterprise has made application for these 3 licences located in the eastern area of the Amadeus Basin.