Quarterly Report – 31 December 2013

HIGHLIGHTS FOR THE QUARTER

Operational Matters

  • Matuku-1 exploration well spudded in the offshore Taranaki Basin permit PEP 51906
  • Retention Lease application lodged over the Cornea Location
  • Octanex awarded a fifth offshore Taranaki permit in the latest bidding round
  • Farmin to the Canning Basin Derby Block a step closer to completion

Corporate Activity

  • Octanex received the third and final tranche payment of US$6,250,000 of the aggregate US$12,500,000 for the sale to NZOG of a 12.5% carried interest in PEP 51906
  • Octanex agrees to underwrite a Peak Oil & Gas Limited Rights Issue

Click here to access the full Octanex Quarterly Activity Report – 31 December 2013

PURSUING NEAR TERM PRODUCTION