RE APPLICATION FOR A REVIEW OF A DETERMINATION OF THE AUSTRALIAN COMPETITION AND CONSUMER COMMISSION MADE ON 27 MARCH 1996 REVOKING AUTHORIZATION NO A90424 AND GRANTING A FURTHER AUTHORIZATION (AGL COOPER BASIN NATURAL GAS SUPPLY ARRANGEMENTS) [1997] ACompT 2

COMMONWEALTH OF AUSTRALIA TRADE PRACTICES ACT 1974 CATCHWORDS TRADE PRACTICES - authorization of long-term gas supply agreement - review of ACCC determination revoking an earlier authorization and granting a further authorization in substitution - whether material change of circumstances - whether benefit of supply agreement continues to outweigh detriment Re Queensland Independent Wholesalers Ltd (1995) ATPR 41-438 Alliance Petroleum Limited NL v The Australian Gas Light Company (1995) 64 SASR 346 Australian Gas Light Company (1986) ATPR (Com) 50-114 Media Council of Australia (No 4) (1996) ATPR 41-497 Re Queensland Co-operative Milling Assocation Ltd, Defiance Holdings Ltd (1976) ATPR 40-012 Telecom Corporation of NZ Ltd v Commerce Commission (1991) 3 NZBLC 99-239 Re 7-Eleven Stores (1994) ATPR 41-357 Hatrick Chemicals Pty Ltd (1977) ATPR 40-044 Broken Hill Pty Co Ltd v Koppers Pty Ltd (1981) ATPR 40-203 Trade Practices Act 1974 Cooper Basin (Ratification) Act 1975 (SA) ALLIANCE PETROLEUM AUSTRALIA PTY LTD, BASIN OIL N.L., BORAL ENERGY RESOURCES LIMITED, BRIDGE OIL DEVELOPMENTS PTY LTD, CRUSADER RESOURCES N.L., DELHI PETROLEUM PTY LTD, REEF OIL PTY LTD, SANTOS LIMITED, SANTOS (BOL) PTY LTD, SANTOS PETROLEUM PTY LTD, VAMGAS PTY LTD RE: APPLICATION FOR A REVIEW OF A DETERMINATION OF THE AUSTRALIAN COMPETITION AND CONSUMER COMMISSION MADE ON 27 MARCH 1996 REVOKING AUTHORIZATION NO A90424 AND GRANTING A FURTHER AUTHORIZATION (AGL COOPER BASIN NATURAL GAS SUPPLY ARRANGEMENTS) VG 1 OF 1996 LOCKHART J (President), DR M BRUNT, DR B ALDRICH SYDNEY 14 OCTOBER 1997

COMMONWEALTH OF AUSTRALIA TRADE PRACTICES ACT 1974 IN THE AUSTRALIAN COMPETITION TRIBUNAL VG 1 of 1996

BETWEEN: ALLIANCE PETROLEUM AUSTRALIA PTY LTD BASIN OIL N.L. BORAL ENERGY RESOURCES LIMITED BRIDGE OIL DEVELOPMENTS PTY LTD CRUSADER RESOURCES N.L. DELHI PETROLEUM PTY LTD REEF OIL PTY LTD SANTOS LIMITED SANTOS (BOL) PTY LTD SANTOS PETROLEUM PTY LTD VAMGAS PTY LTD Applicants RE APPLICATION FOR A REVIEW OF A DETERMINATION OF THE AUSTRALIAN COMPETITION AND CONSUMER COMMISSION MADE ON 27 MARCH 1996 REVOKING AUTHORIZATION NO A90424 AND GRANTING A FURTHER AUTHORIZATION (AGL COOPER BASIN NATURAL GAS SUPPLY ARRANGEMENTS)