FIN RESOURCES LIMITED — Board/Management Information 2012

Oct 22, 2012

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23 October 2012

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

By E-Lodgement

BOARD & MANAGEMENT

Mr Greg Bandy EXECUTIVE DIRECTOR

Mr Jason Bontempo NON-EXECUTIVE DIRECTOR

Mr Jeremy King NON-EXECUTIVE DIRECTOR

Kingston Rule-1 Well Spuds

Orca Energy Limited (ASX: OGY) is pleased to announce that its first unconventional gas exploration well, the Kingston Rule-1 well, has been spudded by Orca’s JV partner and operator, Senex Energy Limited (ASX: SXY) in PEL 115 in the Cooper Basin.

As at 0600 hours this morning, a 17 ½ inch diameter hole had been drilled to 602 metres. The well will be drilled to 745 metres where 13 ⅜ inch surface casing will be landed and cemented.

The well will be drilled to a total depth of approximately 2,900 metres. Orca holds a 20% interest in the permit and is free-carried through the drilling of the well by Senex.

The Kingston Rule-1 location in PEL 115 has been selected to target the greatest net thickness of potential shale, siltstone and tight sandstone in the Roseneath-EpsilonMurteree targets, as well as potential net pay in the Patchawarra tight sand intervals. Review of the Hornet-1 offset well, located 2.5km due south from the Kingston Rule1 location, has identified net sand pay throughout the well-developed Patchawarra channel sands. Coring intervals for Kingston Rule-1 have been proposed through the Roseneath Shale, Epsilon Formation, Murteree Shale and multiple Patchawarra Formation sands to better understand the petrophysical nature of these shales, coals and tight sand reservoirs. The drilling of Kingston Rule-1 will be followed by a fracture stimulation program to realize the production potential of the unconventional gas reservoirs encountered in this well.

Mr Denis Patten NON-EXECUTIVE DIRECTOR

Mr Arthur Pitts ALTERNATE DIRECTOR

Ms Rebecca Sandford Ms Shannon Robinson JOINT COMPANY SECRETARY

REGISTERED OFFICE Ground Floor 1 Havelock Street West Perth WA 6005

POSTAL ADDRESS PO Box 1440 West Perth WA 6872

CONTACT DETAILS Tel: +61 8 9488 5220 Fax: +61 8 9324 2400

WEBSITE

www.orcaenergy.com.au

SHARE REGISTRY

The location of block PEL 115 is significantly strategic as it is surrounded by PEL 516, where Senex estimates over 100Tcf Gas-in-Place from shales and coals alone (Figure 1.). Senex recently announced a “material gas discovery” at Skipton-1, including more than 75 metres of net pay in the Patchawarra Formation and 164 metres of gas charged Roseneath and Murteree shales.

Advanced Share Registry 150 Stirling Highway Nedlands WA 6009

ASX CODE OGY

For and on behalf of the Board

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Greg Bandy Executive Director

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Figure 1: PEL 115 - Surrounded by Senex’s 100% owned PEL 516

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Ground Floor, 1 Havelock Street, West Perth WA 6005 | Tel: +61 8 9488 5220 | Fax: +61 8 9324 2400 | www.orcaenergy.com.au ABN 25 009 121 644