Juan De Nova Est

Mozambidue Channel

WESSEX - 70%

Mozambique Channel

Northwest Africa

Wessex holds 70% of the Juan de Nova Est permit (subject to French Government approval) covering 9,010 square kilometres in the Mozambique Channel, northwest off the island of Madagascar.

The permit lies approximately 100 kilometres northwest of the very large heavy oil occurrences of Tsimimoro and Bemolanga, now being exploited by Madagascar Oil, in partnership with Total.  The permit is underlain by a thick stratigraphic section of Paleozoic and Mesozoic rocks, and appears to have multiple petroleum systems.  Technical evaluation has already commenced and farm-in partners will be sought in due course.

See the following link for Roc Oil’s licenses adjacent to the Juan de Nova Est permit in the Mozambique Channel: http://www.rocoil.com.au/Public/Activities/Africa/Mozambique_Channel.aspx

Website of Madagascar Oil, company exploiting the heavy oil occurrences in Madagascar, near our Juan de Nova Est permit: www.madagascaroil.com