Taranaki 3D Seismic Survey Near Completion

Indo-Pacific reports that the Kaimata 3D seismic survey, being acquired under the Company's management over a 30 square mile area of onshore Taranaki including Indo's PEP's 38741, 38748 and PPP38761 is now 50% completed. Field conditions for the survey were excellent, hence seismic data quality is good. Indo-Pacific is confident that this high quality data will enable the identification of any potential drilling targets within the area.

The seismic survey vessel 'Polar Duke', which was in New Zealand waters working for Shell, recently completed a 30 mile seismic survey over the Amanda Prospect in Indo-Pacific's offshore Taranaki permit PEP 38480 (INDOF 75%); adjacent to Shell's giant Pohokura gas-condensate field. Weather conditions for the survey were excellent; and high quality data were acquired, which will be AVO processed to define evidence for gas within the Kapuni reservoir sands in Amanda, as at Pohokura.