FIN RESOURCES LIMITED — Board/Management Information 2013

Oct 14, 2013

15 October 2013

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

By E‐Lodgement

Burruna‐2 Commences Production – Flows at 3,600 Barrels Per Day

BOARD & MANAGEMENT

Mr Greg Bandy EXECUTIVE DIRECTOR

Mr Jason Bontempo NON‐EXECUTIVE DIRECTOR

Mr Jeremy King NON‐EXECUTIVE DIRECTOR

Mr Denis Patten NON‐EXECUTIVE DIRECTOR

Mr Arthur Pitts ALTERNATE DIRECTOR

The Board of Orca Energy Limited ( Orca or the Company ) is pleased to update the market in relation to the Burruna‐2 oil discovery in southern Cooper‐Eromanga Basin permit PEL 115 (Orca 20%, Senex Energy Limited (ASX: SXY) 80%).

The Joint Venture has commenced an extended production test at the Burruna‐2 oil discovery, which produced oil at a free‐flow rate of more than 3,600 barrels of oil per day (bopd) on a 40/64” choke from Namur Sandstone. Production will be restricted to approximately 800 bopd in the near term to allow for transportation scheduling and oil storage optimisation.

The extended production test will provide information to allow correct sizing of pumps and surface facilities for artificial lift and long term production planning.

Subject to successful appraisal, the Namur Sandstone is estimated to contain approximately 400,000 barrels of recoverable oil within the Burruna structure. The Primary target of Burruna‐2, the Murta Formation, is still being appraised with core analysis expected to add significant information about the Murta Formation resource.

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

Burruna‐3

WEBSITE

Following the success of Burruna‐2, the joint venture will now drill the Burruna‐3 appraisal well in early November. The primary target for Burruna‐3 will be the Namur Sandstone with additional targets in the Murta and Birkhead Formations.

Burruna‐3 will be located approximately 564 metres south east of Burruna‐2 (refer Figure 1.) and will be positioned to evaluate the southern extent of the Namur and Birkhead structural closures. This is intended to accelerate production and provide a second drainage point for the mid Namur oil pool.

www.orcaenergy.com.au

SHARE REGISTRY 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: Burruna oil field

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