Pure Energy Resources Limited

ASX:PES ISIN:AU000000PES5

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Pure Energy Resources Limited Company Summary

Pure Energy Resources Limited is engaged in coal seam gas (CSG) exploration in Queensland and Tasmania, Australia. During the fiscal year ended June 30, 2008 (fiscal 2008), the Company's activities were primarily focused on its Queensland permits ATP's 758P, 806P and 852P, and Tasmanian Special Exploration License 32/2003. In October 2007, the Company was named preferred tenderer for application permits ATP 889P(A) and ATP965P(A) by Queensland Department of Mines and Energy (DME), in the August 2007 bidding round. Pure’s CSG acreage in both Queensland (including its permits under application) and Tasmania covers an approximate total area of 32,400 square kilometers. In January 2008, the Company acquired OME Resources Australia Pty Ltd (OME) from Arrow Energy td. Following the 100% acquisition of OME, Pure holds 35% of the conventional oil and gas rights over an approximate area of 11,500 square kilometers within its existing Queensland acreage.

COMPANY DATA

	Headquarters	Suite 8 , 66 Mill Point Road

		SOUTH PERTH WA 6151

	Telephone	(08) 9368 5535

	Fax	(08) 9368 5536

	Principal Sector	Energy

	Principal Industry	Energy

	Homepage	www.pureenergyresources.com.au/

Key Developments: Pure Energy Resources Limited

	Australian Market Report of March 25: Buying Spree Ends MAR 25, 2009 13:00 - Article Views: 9,411 Yesterday the Australian shares ended modestly higher despite a strong lead overseas. The market in late trading gave up some of its early gains as investors started to pocket their profits in recent rallies. The benchmark S&P/ASX200 index was up 0.8%, or 29.7 points, at 3580, while the broader All Ordinaries index rose 1%, or 34.2 points, at 3517.3. Today resource stocks may decline after metals prices fell.

	Australian Market Report of March 24: Encouraging Rescue Plan and Economic Data MAR 24, 2009 13:00 - Article Views: 6,694 Yesterday the Australian shares surged on hope of the US bailout plan to remove bad debts from banks. The benchmark S&P/ASX200 index ended 2.4% higher, or 84.5 points at 3550.3, a six-week high, while the broader All Ordinaries index was up2.3%, or 78.1 points, at 3483.1. Investors are getting more confident to return to the stocks market as they believe it has hit the bottom. But analysts warned that fundamental issues in economy have not been solved and it will not be a long term rally although the market is in the third week of rises.

	Australian Market Report of March 16: End of the Bear Market? MAR 16, 2009 13:00 - Article Views: 7,629 On Friday the Australian stocks posted a strong gain with financial sector soaring 5.3%, capping the best week for the market in three months. The benchmark S&P/ASX200 index ended 3.4% higher, or 109.7 points, at 3345.2, while the broader All Ordinaries index was up 3.3%, or 104.3 points, at 3294.7. The ASX200 rose 6% for the week. But analysts say that it is too early to say the bear markets end, although the US banks delivered turnarounds.

	Australian Market Report of March 4: Immunity to Unfavorable News MAR 4, 2009 13:00 - Article Views: 7,389 Yesterday the Australian market proved defiant and held its ground despite massive falls in the US, according to CMC Markets. Interestingly, the share market didn't react too much to the interest rate decision.

	Australian Market Report of February 19: Further Drop Ahead FEB 19, 2009 13:00 - Article Views: 9,291 Yesterday the Australian stocks closed lower on all sectors. The benchmark S&P/ASX200 lost 51.1 points, or 1.48 per cent, at 3,413.2, while the broader All Ordinaries dropped 45.3 points, or 1.33 per cent, to 3,366.9. The local market has fell 4.1% so far this week, and the shares may see a further drop after base metal and oil prices lower.

	Australian Market Report of February 18: Market's Weak Response To $US780 Billion Stimulus Plan FEB 18, 2009 13:00 - Article Views: 10,275 Yesterday Australian shares plunged sharply, dragged by financial stocks as investors feared the UK banks might need to raise more funds. The unfavorable corporate earnings results also weighed down the market. The benchmark S&P/ASX200 was down 1.5%, or 52.6 points, to 3464.3, while the broader All Ordinaries index lost 1.4%, or 49.1 points, to 3412.2.

	Australian Market Report of February 12: Expectation on Rio's Deal FEB 12, 2009 01:00 - Article Views: 9,671 Yesterday the Australian share market weathered the bad lead from Wall Street and ended with a modest drop. The benchmark S&P/ASX200 index closed down 0.4%, or 14.3 points, at 3474.4, while the All Ordinaries fell 0.3%, or 10.5 points, at 3418.1. Today traders are expecting Rio Tinto's earnings report with a profit increase and details of the talks with Chinalco over the A$30 billion cash injection deal.

	Australian Market Report of February 10: Subdued for the Fate of US Rescue Plan FEB 10, 2009 13:00 - Article Views: 9,888 Yesterday the Australian shares closed higher led by banks and the resources sector. The benchmark S&P/ASX200 index rose 38.7 points, or 1.12 per cent, at 3508.6, while the broader All Ordinaries gained 38.3 points, or 1.12 per cent, at 3445.8. The market is expected to be quiet when investors await the details of the US rescue plan.

	Australian Market Report of January 22: Helped by Short Selling Ban JAN 22, 2009 13:00 - Article Views: 8,698 Yesterday the Australian stock market ended the day lower, led by financial stocks, on renewed worries about banking industry worldwide. The benchmark S&P/ASX200 index was down 1%, or 33.8 points, at 3442.8, while the broader All Ordinaries index was lower by 0.9%, or 30.2 points, at 3394.8. Regulator ASIC's move to extend a ban on covered short-selling of financial securities would give a positive lead to the banking industry.

	Australian Market Report of December 23: Exiting Before Chirstmas DEC 23, 2008 13:00 - Article Views: 6,628 Yesterday, the Australian shares closed lower as investors were leaving the market before Christmas. On Monday, the benchmark S&P/ASX200 index was down 58.3 points, or 1.61%, at 3557.4 points, while the broader All Ordinaries index was 54.9 points, or 1.55% lower, at 3492.3 points. Analysts said the loss was larger than expected, and the negative news from the world markets would impact on the local market.