Omni Bridgeway Limited

Oil Basins Limited (ASX:OBL) wishes to make the following ASX Announcement, so as to keep the market fully informed.

Oil Basins Limited (ASX:OBL) is pleased to announce a fully underwritten non-renounceable rights issue to shareholders (Rights Issue), to raise A$5,261,810 before costs.

Oil Basins Limited (ASX:OBL) and Liquefied Natural Gas Limited (ASX:LNG) (PINK:LNGLF) have signed a non-exclusive Strategic Alliance Agreement (SAA) in respect of natural gas, coal seam gas and shale gas in the Canning Basin, Western Australia for the purpose of evaluation and the appropriate development of projects and in particular an LNG production facility in the Canning Basin Region using feedstock from OBL.

Oil Basins Limited (ASX:OBL) (OBLOA or Company) is pleased to present its June 2010 Quarterly Report.

Oil Basins Limited (ASX:OBL) is pleased to announce the agreed placement of 6.5 million new ordinary OBL shares at A$0.04 per share to raise A$260,000.

Oil Basins Limited (ASX:OBL) recently commissioned an independent assessment of the coal seam gas (CSG) and unconventional shale gas (USG) potential of both Exploration Permit 5/07-8 EP and the Backreef Area - Canning Basin, where the Company has interests.

The following announcement is made by Oil Basins Limited (ASX:OBL) so as to keep the market fully informed. As mentioned in the OBL March 2010 Quarterly Report released to the ASX on 30 April 2010, the Company is pleased to advise that as a result of the recent Vic/P41 Joint Venture Meeting, OBL was appointed agent on behalf of the Vic/P41 joint venture for Managing the Farm-Out.