PATHFINDER PERMITS

Pathfinder Permits are on Australia’s Northwest Shelf 290 km WNW of Broome, on trend with the Phoenix, Phoenix South and Roc discoveries by Apache/Quadrant

Pathfinder has conducted extensive geological analysis to evaluate permits

Currently in negotiation for farmout to fund 3D seismic commitment (ca $4m) and mature Pina Colada for drilling

Expect to drill Pina Colada in next 2 years  (no permit commitment to do so)