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Kairiki Energy Limited

Feb 10, 2012

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Kairiki Energy Limited Company Summary

Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF) is an Australian Based junior international oil and gas exploration and production company focussed on the Philippines. Kairiki holds a 30.1% interest in Service Contract 54A and a 40% interest in Service Contract 54B.

SC 54A measures 862 km2 and contains the Tindalo, Yakal, Nido 1X1 and Signal Head oil discoveries as well as a substantial portfolio of similar low-risk reefal prospects. In December 2009, Kairiki announced that the SC 54A Joint Venture had approved the development of the Tindalo field. The Tindalo development utilises a jack-up rig and a dynamically positioned storage vessel. Following a short project execution period, the Tindalo development tested oil at 18,689 bbls/d at the end of May 2010. Since that time, unexpected early water ingress to the well has resulted in the SC 54A Joint Venture preparing for a well re-entry and remediation programme to reduce or eliminate the water production. Based on a successful development at Tindalo a number of follow-up developments may be considered in SC 54A.

SC 54B measures 3184 km2 and contains the Gindara prospect which has a mean unrisked oil in place volume estimated by the Operator, of 634 million barrels. The Gindara prospect is a very large simple four-way closure at the Top Nido Limestone reservoir objective with an areal extent of 28 km2, a vertical closure of over 300m and is well located to receive hydrocarbon charge from the Palawan Trough. Kairiki is seeking to farm down its interest in SC 54B to accelerate drilling of the Gindara prospect.

DIRECTORS / OFFICERS

Paul Fry Executive Chairman Mr Fry has over 20 years experience advising companies operating in the oil and gas industry in Australia, UK and North America. He was formerly an oil and gas specialist partner with Ernst & Young and PriceWaterhouseCoopers in Australia and Canada, two major global professional advisory firms, and has strong commercial and financial skills. He brings a wealth of experience working with junior oil and gas companies.
Mark Fenton Managing Director Dr Fenton has extensive experience in the oil and gas industry with over 24 years in operating oil and gas companies, including several years in executive management roles. Dr Fenton has extensive experience in both offshore and onshore oil field developments particularly in SE Asia and the Middle East. Dr Fenton has held a range of technical, management and executive positions with international and Australian oil and gas majors as well as smaller ASX-listed oil companies during his career. Dr Fenton has a PHD in Geology and also a Bachelor of Science (Honours) in Geology from the University of Melbourne. He is also a member of the Society of Petroleum Engineers (SPE). Dr Fenton brings strong executive leadership and commercial experience as well as a wealth of international technical and operating skills in project development, exploration and project acquisition.
Lawrence Brown Executive Director Mr Brown is currently an Executive Director and has been instrumental in establishing and building Kairiki's oil and gas asset base from 2006 to its current international portfolio located in the Philippines, Tunisia, Italy and Romania. Mr Brown has over 25 years international petroleum exploration industry experience as an exploration geoscientist. He joined BP in 1982 and after 17 years, working predominantly on international assignments covering the Middle East, Asia, Africa, UK and Australia, he settled in Australia in 1999 where he took up a lead role in Woodside's International Team. He was appointed as a Shell Global Consultant and led Woodside's technical exploration effort in deepwater Mauritania, culminating in the landmark Chinguetti discovery.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Suite 3, Churchill Court

		331 - 335 Hay Street

		SUBIACO WA 6008

		Australia

	Telephone	+61-8-9388-6711

	Fax	+61-8-9388-6744

	Principal Sector	Energy

	Principal Industry	Energy

	Listed	1983/11/10

	Homepage	www.kairikienergy.com

Key Developments: Kairiki Energy Limited

	Kairiki Energy Limited (ASX:KIK) Update On SC 54A Tindalo Operations SEP 6, 2010 15:25 - Article Views: 1,404 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce SC 54A Tindalo Operations Update.

	Kairiki Energy Limited (ASX:KIK) Appoints John Morton As Non-Executive Director AUG 25, 2010 14:38 - Article Views: 1,859 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) are very pleased to announce the appointment of Mr John Morton as a non-executive Director with effect from 25 August 2010.

	Kairiki Energy Limited (ASX:KIK) SC 54A Tindalo Operations Update JUNE 24, 2010 16:37 - Article Views: 2,998 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) has been advised by Nido Petroleum Limited (ASX:NDO) of the update on the Extended Well Testing (EWT) at Tindalo.

	Kairiki Energy Limited (ASX:KIK) Received Firm Commitments For A$6,538,000 Capital Raising JUNE 21, 2010 10:10 - Article Views: 2,656 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce that it has received firm commitments for a capital raising of A$6,538,000 by the placement of 46,700,000 ordinary fully paid shares (Shares) at an issue price of 14 cents per Share. The placement has been arranged by Southern Cross Equities Limited to professional and sophisticated investors pursuant to section 708 of the Corporations Act.

	Kairiki Energy Limited (ASX:KIK) Tindalo-1 Extended Well Oil Production Update JUNE 15, 2010 11:01 - Article Views: 3,243 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) has been advised by Nido Petroleum Limited (ASX:NDO), the Operator of SC54A, of the following production information relating to the Tindalo-1 Extended Well Test (EWT) for the period through to 14th June 2010.

	Australian Market Report of June 8, 2010: Hunnu Coal (ASX:HUN) Acquires 60% Interest in a Mongolia Project JUNE 8, 2010 13:30 - Article Views: 4,134 The Australian shares opened higher despite Wall Street overnight hit its lowest close in seven months. Both S&P/ASX200 index and All Ordinaries index rose more than 0.5 per cent in early trade, after European finance ministers have agreed a 440 billion euro safety net for debt-laden countries in the eurozone.

	Kairiki Energy Limited (ASX:KIK) Tindalo Tests Oil At Over 18,500 bbls/d JUNE 8, 2010 10:03 - Article Views: 3,212 Kairiki Energy Limited (ASX:KIK) has been advised by Nido Petroleum Limited (ASX:NDO), the Operator of SC54A, that an extensive drill-stem testing programme (DST) has now been completed on the Tindalo-1 well with a maximum oil flow rate measured of 18,689 bbls/d, surpassing Kairiki's pre-test flow rate expectations.

	Kairiki Energy Limited (ASX:KIK) Announces Oil Flows At Tindalo Field MAY 31, 2010 10:03 - Article Views: 3,243 Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF) is pleased to announce that Nido Petroleum Limited (ASX: NDO), as Operator of Service Contract 54A (SC 54A), advise that first oil flowed to surface at 11:00am (Manila time) on 30 May 2010 from the Tindalo-1 well.

	Kairiki Energy Limited (ASX:KIK) Quarterly Activities Report for Period Ending 31 March 2010 MAY 3, 2010 23:49 - Article Views: 1,816 Kairiki Energy Limited (ASX:KIK) Quarterly Report Highlights include, SC 54 Joint Venture progresses Tindalo project with all major contracts in place and targeting first oil in May 2010, Kairiki farms-down 4.9% interest in SC 54A to TG World Corp to retain a 30.1% interest in SC54A and Cash On Hand at 31 March 2010 - A$7.2m

	ABN Newswire Stocks to Watch: March 12, 2010 MAR 12, 2010 10:30 - Article Views: 4,200 ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), AusTex Oil Limited (ASX:AOK), Beach Energy Limited (ASX:BPT) (PINK:BEPTF), Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF), Magnetic Resources NL (ASX:MAU) and Pluton Resources Limited (ASX:PLV).