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Basin State/Country Subsidiary Co. Tenement %
Cooper/Eromanga Queensland Maw 6.50%  ATP 259P (Naccowlah Block and PLs) 1 38.50%
    Delhi 32%
    Delhi  ATP 259P (Alkina Block)  28.00%
    Delhi ATP 259P (Aquitaine A Block) 2 22.50%
    Delhi  ATP 259P (Aquitaine B Block) 3 20.00%
    Delhi  ATP 259P (Aquitaine C Block) 4 25.20%
    Delhi  ATP 259P (Innamincka Block) 5 30.00%
    Delhi  ATP 259P (Total 66 Block) 6 30.00%
    Delhi  ATP 259P (Wareena Block) 7 28.80%
    Delhi PL 55 (50/40/10) 40.00%
    BPT 80%  PL 31 (Bodalla South Oil Field) 100.00%
    Maw 20%
    BPT 80%  PL 32 (Kenmore Oil Field) 100.00%
    Maw 20%
    BPT 80% PL 47 (Black Stump Oil Field) 100.00%
    Maw 20%
    BPT 69.59%  PL 184 (Thylungra Gas Discovery) 75.40%
    Maw 5.806%
    BPT 80% ATP 269P (Glenvale / Bargie JV) 93.90%
    Maw 13.9%
    BPT 33.05%  ATP 269P (Coolum / Byrock JV) 46.95%
    Maw 13.9%
    Delhi  SWQ Gas Unit 8 23.20%
    BPT  ATP 633P 14 100.00%
    BPT ATP 855P 15 25.00%
 
 
 
 
 
  South Australia Maw  PPL 203 (Acrasia Oil Field) 25.00%
    BPT  PPL 204 (Sellicks Oil Field) 75.00%
    BPT PPL 205 (Christies Oil Field) 75.00%
    Beach Oil & Gas P/L PPL 209 (Harpoono Oil Field) 33.33%
    BPT PPL 210 (Aldinga Oil Field) 50.00%
    Maw PPL 211 (part of Reg Sprigg West Field) 25.00%
    Maw Reg Sprigg West Unit 6.25%
    BPT PPL 212 (Kiana Oil Field) 40.00%
    BPT PPL 220 (Callawonga Oil Field) 75.00%
    BPT PPL 224 (Parsons Oil Field) 75.00%
    Maw PEL 90 (Candra Block)  25.00%
    BPT PEL 91 40.00%
    BPT PEL 92 75.00%
    BPT PEL 94 50.00%
    BPT PEL 95 50.00%
    BPT PRL 25 (Middleton Gas Field) 50.00%
    BPT PEL 106 FI (Brownlow Block) 19 50.00%
    BPT PEL 107 40.00%
    Beach Oil & Gas P/L PEL 113 (Saintly Block) 33.33%
    Beach Oil & Gas P/L PEL 113 (Harpoono/Dunoon Block) 33.33%
    BPT PEL 218 (Permian) 90.00%
    BPT PEL 218 (Post Permian) 16 23.33%
    BPT Udacha Unit 15.00%
    Delhi  Patchawarra East 9 17.14%
    Delhi  Fixed Factor Agreement 10 20.21%
    Delhi  SA Unit 20.21%
 
 
 
 
 
Arrowie South Australia BPT GEL 156 11 21.00%
    BPT GEL 254 11 21.00%
    BPT GEL 336 11 21.00%
 
 
 
 
 
Otway South Australia BPT PRL 13 (Killanoola Field) 18 30.00%
         
Otway Victoria BPT PPL 6 (McIntee Gas Field) 10.00%
    BPT PPL 9 (Lavers Gas Field) 10.00%
    BPT PRL 1 (Buttress North) 10.00%
    BPT PEP 150 13 50.00%
    BPT PEP 168 50.00%
 
 
 
 
 
Gippsland Victoria BPT VIC L26 (Basker, Manta, Gummy) 30.00%
    BPT VIC L27 (Basker, Manta, Gummy)  30.00%
    BPT VIC L28 (Basker, Manta, Gummy)  30.00%
    BPT PRL 2 (Wombat) 17 15.00%
         
Bass Tasmania BPT (Exploration) T/38P (Part) 80.00%
    BPT (Exploration) T/39P 50.00%
 
 
 
 
 
Browse Western Australia BPT WA-281-P 7.3394%
    BPT WA-411-P 9.7637%
 
 
 
 
 
Carnarvon Western Australia BPT WA-208-P 10.00%
    BPT WA-264-P 16.67%
 
 
 
 
 
Papuan Papua New Guinea Claremont Petroleum (PNG) Ltd PRL 1 6.36%
 
 
 
 
 
Canterbury  New Zealand BPT (NZ) P/L PEP 38259 20.00%
 
 
 
 
 
Taranaki New Zealand BPT (NZ) P/L PEP 38482 20.00%
 
 
 
 
 
  Spain BPT Spain, S/L H22007 (Abiego) 25.00%
    BPT Spain, S/L H22008 (Peraltilla) 25.00%
    BPT Spain, S/L H22009 (Barbastro) 25.00%
    BPT Spain, S/L H22010 (Binefar) 25.00%
 
 
 
 
 
  Albania BPT Durresi Block 13 25.00%
 
 
 
 
 
  Egypt BPT (Egypt) South East July 20.00%
    BPT (Egypt) North Shadwan 20.00%
         
 Williston North Dakota, USA Beach (USA) Section 25-T150N-R95W McKenzie County 18.5172%
         
  Tanzania Beach Tanzania Lake Tanganyika South 100.00%
 
 
 
 
 

1 The Naccowlah Block consists of ATP 259P (Naccowlah) and PLs 23-26, 35, 36, 62, 76-79, 82, 87, 105, 107, 109, 133, 149, 175, 181, 182 and 189. Note sub-leases of part of PLs (gas) to SWQ Unit.

2 The Aquitaine A Block consists of ATP 259P (Aquitaine A) and PLs 86, 131, 146, 177 and 208. Note sub-leases of part of PLs (gas) to SWQ Unit.

3 The Aquitaine B Block consists of ATP 259P (Aquitaine B) and PLs 59 - 61, 81, 83, 85, 97, 106, 108, 111, 112, 132, 135, 139, 147, 151, 152, 155, 205 and 207. Note sub-leases of part of PLs (gas) to SWQ Unit.

4 The Aquitaine C Block consists of ATP 259P (Aquitaine C) and PLs 138 and 154.

5 The Innamincka Block consists of ATP 259P (Innamincka) and PLs 58, 80, 136, 137, 156 and 159.  Note sub-leases of part of PLs (gas) to SWQ Unit.

6 The Total 66 Block consists of ATP 259P (Total 66) and PLs 34, 37, 63, 68, 75, 84, 88, 110, 129, 130, 134, 140, 142 - 144, 150, 168, 178, 186, 193, 241. Note sub-leases of part of PLs (gas) to SWQ Unit.

7 The Wareena Block consists of ATP 259P (Wareena) and PLs 113, 114, 141, 145, 148, 153, 157, 158, 187 and 188. Note sub-leases of part of PLs (gas) to SWQ Unit.

8 The SWQ Gas Unit consists of subleases of PLs within the gas production area of Naccowlah Block, Aquitaine A Block, Aquitaine B Block, Innamincka Block, Wareena Block and Total 66 Block.

9  Patchawarra East consists of PPLs 26, 76, 77, 118, 121 -123, 125, 131, 136, 142, 147, 152, 156, 158, 167, 182, 187, 191, 194, 200 and 201.

10 The Fixed Factor Agreement consists of PPLs 6 - 20, 21 - 61, 63 - 75, 78 - 117, 119, 120, 124, 126 - 130, 132 - 135, 137 - 141, 144 - 146, 148 - 151, 153 - 155, 157, 159 - 166, 174 - 180, 190, 195, 196.

11 GEL's 156, 254 and 336 assignment subject to completion of farmin obligations and regulatory authority approval. Consolidation of licence area GEL's 156, 178 and 180 whereby the consolidated licence area is now designated as GEL 156 effective 21 November 2009.

12 PEP 150 application area the subject of Native Title RTN Negotiations.

13 Durresi Block assignment subject to regulatory approval.

14 Subject to agreement to assign 50% on completion of farmin obligations.

15 Subject to finalisation of formal documentation and grant of ATP following completion of native title RTN negotiations.

16 Assignment of 66.67% pending following completion of farmin well obligations.

17 Subject to finalisation of formal documentation and regulatory approval. Up to 50% can be earned in Phase 1 plus Phase 2, determined by farmin expenditure.

18 Sale of Beach's 30% interest to Adelaide Energy effective 30 January 2010 agreed on 3 May 2010 subject to assignment documentation and regulatory approval.

19 Subject to finalistion of formal documation and regulatory approval.