Interim Statement For The Six Months Ended 31st December 2015

Spitfire Oil Limited (“Spitfire” or “the Company”) is pleased to publish a copy of its condensed consolidated unaudited interim results for the six months ended the 31st December 2015.

Spitfire and its subsidiaries (together “the Group”) recorded a loss before tax for the six months ended the 31st December 2015 of A$460,906 (2014: A$183,983). With cash balances of A$4m, the Group has benefited from interest receipts of A$58,350 (2014 A$44,272) in the period. Operating costs were A$258,065 (2014 A$228,255) and provision has been made for impairment of exploration and development costs incurred of A$261,191 (2014 A$nil).

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