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FIN RESOURCES LIMITED Board/Management Information 2013

Mar 10, 2013

64920_rns_2013-03-10_2e31703d-f6b9-458a-9f09-c46ddfecb1fe.pdf

Board/Management Information

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11 March 2013

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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 flows at 1.2 million cubic feet per day

Orca Energy Limited (ASX: OGY, Orca) is pleased to announce that gas is flowing to surface at the Kingston Rule‐1 unconventional gas exploration well at a constrained rate of 1.2 million cubic feet per day (MMscf/d) during clean up and flow back activities.

Mr Denis Patten NON‐EXECUTIVE DIRECTOR

Mr Arthur Pitts ALTERNATE DIRECTOR

Ms Rebecca Sandford Ms Shannon Robinson JOINT COMPANY SECRETARY

Kingston Rule‐1 is located in the southern Cooper Basin permit PEL 115 (OGY 20%; Senex Energy Ltd (ASX: SXY) ‐ 80%) on the western flank of the Mettika Embayment (Figure 1).

In the last week, The Joint Venture successfully fracture stimulated four zones in the Patchawarra Formation tight gas sands and one zone in the Epsilon Formation. Gas flow from the well has been constrained by a 32/64‐inch choke and wellhead pressure continues to increase. Flow rates increased steadily during flow back and reached 1.2 MMscf/d on Sunday.

Clean up and flow back activities will continue over the next week, with gas being flared from Kingston Rule‐1, as shown in the picture below. Samples from the gas flow have also been taken to measure condensate and heavy gas yields.

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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 Advanced Share Registry 150 Stirling Highway Nedlands WA 6009

ASX CODE OGY

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JV partner and operator Senex Energy’s Managing Director Ian Davies said, “ The result is a clear endorsement of the potential for commercial production of unconventional gas from the southern Cooper Basin.

Orca’s Managing Director Greg Bandy commented, “ Orca is extremely pleased with the results from Kingston Rule‐1 and look forward to the upcoming Hornet‐1 program to further evaluate the potential of PEL 115 for commercial development.

Kingston Rule‐1 was drilled in late 2012 to a total depth of 2,872 metres and intersected 53 metres of net gas pay, with 9 metres of pay in the Epsilon Formation and 44 metres of pay in the Patchawarra Formation tight gas sands. The well also intersected 150 metres of shale and close to 20 metres of gas charged coal in the Patchawarra Formation, with mud logs confirming the presence of liquids rich hydrocarbons in the Permian section.

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Figure 1.

For and on behalf of the Board

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Greg Bandy Executive Director

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