Approval Granted for Jingemia Field Production License

Victoria Petroleum reports that the Minister for State Development of Western Australia, Mr. Clive Brown, has announced approval of the Production License for the Jingemia oil field on Sunday May 23rd.

Victoria is pleased to advise that, following the successful Jingemia-4 well, the field can now be bought into full production at up to 4,000 bopd after tie-in of the well to the production facilities in late June.

Victoria Petroleum's Managing Director John Kopcheff said, "This is an excellent result for Victoria with the Company's production set to grow to over 200 bopd in a very high oil price environment."

Victoria Petroleum N.L. has a 5% interest in the Jingemia Oil Field, the Jingemia production license and surrounding EP 413. Origin Energy is the operator.