This farmout proposal is directed at the Australian and overseas petroleum exploration industry, with the aim of sharing 50/50 the upcoming A$3 million risk inherent in the EPP 5 permit Years 4/5 one well drilling commitment. Shell invited 26 likely companies to submit offers over the period December 1972 to February 1973, tendering the proposal as factual background to any negotiations. The document details end Year 3 permit status and commitments, the scope and quality of exploration data available for study, and the operator's present opinion of the hydrocarbon potential of the acreage. In the actual event, the farm-out exercise proved unsuccessful, and so Shell proceeded alone to the drilling of the Potoroo 1 wildcat in March-April 1975.