Victoria Petroleum NL (ASX:VPE) Gas Flows To Surface In Coal Seam Gas Project Pl 171, Surat Basin, Queensland

Perth, Sep 14, 2010 AEST (ABN Newswire) - Victoria Petroleum NL (ASX:VPE) (PINK:VPEMY) (Vicpet) has been advised by QGC - a BG Group business (QGC), the Operator for PL 171, that the Alex-5 Coal Seam Gas (CSG) exploration well has flowed gas to surface during Drill Stem Testing (DST).

The DST programme was undertaken at Alex-5 to determine the permeability and possible deliverability of the coal seams in the Walloon Coal Measures intersected by the well. The well was drilled to a total depth of 589 metres.

The current exploration and appraisal drilling programme is evaluating the gas bearing potential and deliverability of the Walloon Coal Measures to build on the certifiable gross recoverable CSG reserves.

PL 171 is interpreted to be situated in the prime Walloon Coal Seam Gas fairway on the eastern side of the Surat Basin.

Vicpet holds a 20% interest in PL 171.

Contact

Ian Davies Managing Director Victoria Petroleum N.L. Tel: +61-8-9220-9800 http://www.vicpet.com.au