Terrex Completes Seismic at Sapex's Arckaringa Basin Assets

Sapex Limited advised that Terrex Seismic completed recording of regional seismic data on August 9, 2008 as part of the extensive program commenced in May 2008.

The regional segment of the program was 219 kilometers and the data will now be processed which is expected to take up to three months before interpretation can be undertaken.

During May and early in June, 246.5 kilometers of detailed seismic was recorded over a number of leads and prospects. This data is currently being processed and is expected to be in a form for interpretation early in September.

The entire program of detailed and regional data totaled 466 kilometers.