11th October 2007

Enovation Resources Ltd is awarded a Joint Study licence in the NW Natuna Basin, Offshore Indonesia

Enovation Resources Ltd was today awarded a Joint Study licence by MIGAS, the Indonesian petroleum regulatory authority for an area covering 14,400 square kilometers within the highly prospective North West Natuna Basin, offshore Indonesia.

On 11th October 2007 MIGAS agreed terms with the NW Natuna Joint Study group comprising Enovation Resources Ltd, Carnarvon Petroleum Ltd, Natuna Ventures Pte Ltd and PT Gema Terra, who have been granted exclusive rights to carry out a detailed geological and geophysical programme. This consortium of companies brings together a high level of experience and expertise in geo-science technology and applications with a proven track record in successful exploration & production operations world-wide. On the completion of the programme the Joint Study group will have a right of first refusal to conclude a direct award for a block within the Joint Study area under Indonesia's Production Sharing Contract (PSC) terms.

The Joint Study area is located in the under-explored North West Natuna Basin north east of the prolific oil & gas provinces of the West Natuna and Malay Basins and south west of the recent oil discoveries within the southern part of the Nam Con Son Basin, Vietnam.

Commenting on the contract, Enovation Resources Chief Executive Officer Anthony (Diz) Mackewn said: "We are very pleased with this award which represents Enovation"s first exploration licence in Indonesia. The NW Natuna Joint Study is well suited to our strategy for using advanced technologies to reduce risk and enhance our understanding of the petroleum potential in this geologically complex area. We look forward to working with our consortium partners and with our Indonesia study partners in an extensive evaluation of the area which we hope will ultimately lead on to a successful drilling campaign. We will continue to look for further attractive opportunities in Indonesia.”

For further information please contact: Enovation Resources Ltd
Stephen Doyle, Director Business Development +65 6225 0083

Note for Editors: Enovation Resources is a technology-focused independent oil and gas exploration and production company. The company has interests in the Gulf of Mexico as well as Asia Pacific (NW Natuna Basin, Indonesia), whilst Enovation's wholly-owned subsidiary Sussex Energy is acquiring assets in the UK Central North Sea. The company's head office is located in Hamilton, Bermuda, with regional offices in the UK, US and Singapore.

For further information please visit our website
(www.enovationresources.com) or contact us at:
Enovation Resources Limited (BDA)
Henrik Schroder (Bermuda) +1 441 297 8008 / Diz Mackewn (UK) +44 208 823 9232

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