Company Profile

Coogee Resources is an oil and gas company with an attractive combination of production, development and exploration assets in the low sovereign risk Australian waters of the Timor Sea.

Coogee Resources’ Petroleum Titles Location Map

Coogee Resources' Petroleum Titles Location Map

Coogee Resources' Petroleum Titles and Interests

Title	Coogee Resources’ Interest	Status	Comments		Operator
AC/L7	100.00%	Development/ Appraisal	Montara oil field under development	Coogee Resources
AC/L8	100.00%	Development/ Appraisal	Skua and Swift/Swallow Fields under development	Coogee Resources
AC/L1	70.9375%	Production/ Exploration	Jabiru oil field in production	Coogee Resources
AC/L2	70.9375%	Production/ Exploration	Various prospects and leads	Coogee Resources
AC/L3	70.9375%	Production/ Exploration	Challis oil field in production	Coogee Resources
AC/RL7	80.00%	Exploration/ Appraisal	Cash/Maple gas discoveries	Coogee Resources
AC/P32	24.60%	Exploration	Various prospects and leads	Coogee Resources
AC/P34	100.00%	Exploration	Various prospects and leads	Coogee Resources
AC/P40	100.00%	Exploration	Various prospects and leads	Coogee Resources

Montara Project
The Montara Project, 100% owned by Coogee Resources, involves the development of the Montara, Skua and Swift/Swallow oil fields. Coogee Resources proposes to develop the fields using a floating, production, storage and offloading facility (FPSO) located at the Montara field with tie-backs from the Skua and Swift/Swallow fields. Production is scheduled to commence in the third quarter of 2008.

Existing Oil Operations
Coogee Resources holds a 70.9375% interest in, and is the operator of, two FPSOs located at the Jabiru and Challis oil fields which commenced production in 1986 and 1989 respectively. Coogee Resources' share of Jabiru and Challis production is approximately 1.0 MMbbl per annum, at current production levels.

Exploration Portfolio
The Company has identified a range of prospects and leads which are within tie-back distance of Coogee Resources' existing operations or the proposed Montara Project facilities.

Gas to Liquids Project
Coogee Resources is currently evaluating the viability of a gas to liquids (GTL) project utilising stranded gas accumulations. Development alternatives are currently being evaluated with a view to selecting a preferred approach by mid 2009.

Any development is likely to encompass a floating production vessel in order to commercialise the 830 billion cubic feet of gas and 8.3 million barrels of condensates, contained predominantly within the Cash/Maple, Padthaway and Tahbilk fields. Coogee Resources would participate in both the upstream gas development and the downstream production of liquids.

Production is anticipated to commence around 2013 and the project will provide the potential to generate long term cash flows, both from the production of the Company's existing gas contingent resources and associated oil and liquids contingent resources, and from the application of the technology to other third party gas assets.