Kina Petroleum Limited has provided an update in respect of the resources contained within the two Petroleum Retention Licences in which it has an interest, PRL 21 and PRL 38. Kina has undertaken a resource certification/estimation process for these licences which has confirmed the following 2C Contingent resource quantities, net to Kina: In PRL 21: 186 bcf of gas and 8.1 mmbbls of condensate; and In PRL 38: 225 bcf of gas. The resources in PRL 21 form the basis of much of the work undertaken by the PRL 21/PDL 10 joint working team that is directed towards commercialization of the resources in the central and southern areas of Western Province. PRL 38 contains the Pandora fields which may form a part of an offshore Gulf of Papua development scenario, potentially incorporating resources that were confirmed by recent drilling of the nearby Pasca fields (Kina has no participating interest in the Pasca fields). The revisions to the previously reported quantities reflect completion of the analysis of 2D and 3D seismic data in PRLs 21 and 38 (respectively) and the integration of this with the most recently available drilling information. In PRL 21, drilling information comprises data from 4 wells on the Elevala field (including the Tingu-1 well) and 2 wells on Ketu. The hydrocarbon columns are more than 50 metres in each field with seismic and well control data outlining features covering between 60km2 and 100 km2. Assessment and evaluation of the results of the Tingu-1 well have allowed the hydrocarbon resource it intersected, previously reported as a pre-drill estimate, to now be included in the estimates of 2C contingent resources. In PRL 38, a combination of 2D and 3D data, the latter having only been recently accessible to Kina, was used to assess the Pandora fields. The improved quality and more comprehensive nature of this data has allowed Kina to conclude on the size of the 2C contingent resource.