Ann: Award of Geothermal Licence , page-2

ASX Release - 23 December 2009
Geothermal licence awarded to Apollo
Apollo Gas Limited is pleased to announce that it has been awarded two geothermal
exploration licences in the southern Gunnedah Basin by the NSW Minister for
Mineral Resources.
The new licences, G8TA-C and G8TA-D, overlay a large portion of Apollos PEL1 456
and the majority of the Murrurundi Trough. (The licences were applied for by
Apollos wholly owned subsidiary, Macquarie Energy Pty Ltd.)
The new licences have a combined area of c.3,500 km2 and recent drilling suggests
basement depths in excess of 4,000m. Apollo intends to explore for geothermal
resources by leveraging off its coal seam gas (CSG) exploration activities in PEL 456.
Synergies between exploration activities of the CSG and geothermal programs will
enable Apollo to realise technical benefits and operational efficiencies.
This new licence represents an exciting opportunity for Apollo to assess the potential
for a renewable energy resource in the Sydney Gunnedah Basin.
Should the exploration program prove successful, Apollo will assess at that time the
optimal structure to advance the project.