CORELLA RESOURCES LTD — Capital/Financing Update 2012

Sep 10, 2012

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11 September 2012

ASX Announcement

Exoma Spuds Brixton‐2 CSG Exploration Well

Exoma Energy Limited (ASX: EXE) is pleased to announce that it has spudded Brixton‐2, the ninth well of the Galilee Joint Venture’s 2012 exploration program. This well will be drilled using EDA Rig #1.

The well will be a test of coal seam gas (CSG) in the Permian coal measures.

Well Name	Well Name	Well Name
	Well Name		Brixton‐2
	Permit		ATP 1008P
	i		lil i	il k h f ldi	ld
	ocato	n	Gaee Basn,Dtil h	approxmatey 30m nort o Barcane, Queth tthd	ensan.
			eas are s	wn on e aace map.
	Target		Target: Coal SThe coal mea	eam Gas in the Betts Creek and Aramac coalures will be cored for desorption testing with	measures.a full suite
			,of logs beingrun.
Planned Depth			Top Toolebuc Shale:94mTop Permian Coal807mPlanned total depth1130m

Exoma has a 50% beneficial interest in both ATP 1008P and the Brixton‐2 well. CNOOC Galilee Gas Company Pty Ltd is earning its participating interest by a farmin whereby CNOOC provides the first $50 million of joint venture expenditures on Exoma’s five Galilee Basin ATP’s.

FOR FURTHER INFORMATION

Rob Crook Chief Executive Officer +61 7 3226 5600

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