COMMONWEALTH OF AUSTRALIA

Section 271

Offshore Petroleum and Greenhouse Gas Storage Act 2006

SURRENDER OF PETROLEUM EXPLORATION PERMIT AC/P40

I, GRAEME ALBERT WATERS, the National Offshore Petroleum Titles Administrator, hereby give notice of the surrender of Petroleum Exploration Permit AC/P40 for which;

PTTEP Australasia (Ashmore Cartier) Pty Ltd

(ABN 27 004 210 164)

is the registered titleholder.

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 Act and to the numbers of graticular sections shown thereon.

Brunswick Bay [SD51] Map Sheet

Timor [SC51] Map Sheet

Assessed to contain four (4) whole and five (5) part blocks.

This notice takes effect on the day in which it appears in the Australian Government Gazette

Made under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 of the Commonwealth of Australia.

GRAEME ALBERT WATERS

TITLES ADMINSTRATOR