EXHIBIT 8

LIST OF SUBSIDIARIES

|Name                             | Jurisdiction     | Business                    | % of     
|-------------------------------- | ---------------- | --------------------------- | ---------
|                                 |                  |                             | Ownership
|                                 |                  |                             |          
|                                 |                  |                             |          
|Source Rock Holdings Limited     | New Zealand      | Holding company             | 100%     
|                                 |                  |                             |          
|                                 |                  |                             |          
|Millennium Oil & Gas Limited     | New Zealand      | Oil and gas exploration and | 100%     
|                                 |                  | development                 |          
|                                 |                  |                             |          
|Indo-Pacific Energy (NZ) Limited | New Zealand      | Oil and gas exploration and | 100%     
|                                 |                  | development                 |          
|                                 |                  |                             |          
|Ngatoro Energy Limited           | New Zealand      | Oil and gas exploration and | 100%     
|                                 |                  | development                 |          
|                                 |                  |                             |          
|Rata Energy Limited              | New Zealand      | Oil and gas exploration and | 100%     
|                                 |                  | development                 |          
|                                 |                  |                             |          
|Odyssey International Pty        | Australia        | Oil and gas exploration and | 100%     
|Limited                          |                  | development                 |          
|                                 |                  |                             |          
|Indo-Pacific Energy Australia    | Australia        | Oil and gas exploration and | 100%     
|Pty Limited                      |                  | development                 |          
|                                 |                  |                             |          
|Indo-Pacific Energy (PNG)        | Papua New Guinea | Oil and gas exploration and | 100%     
|Limited                          |                  | development                 |          
|                                 |                  |                             |          
|Trans-Orient Petroleum (Aust)    | Australia        | Oil and gas exploration and | 100%     
|Pty Limited                      |                  | development                 |          
|                                 |                  |                             |          
|ZOCA 96-16 Pty Limited           | Australia        | Oil and gas exploration and | 100%     
|                                 |                  | development                 |          
|                                 |                  |                             |          
|Trans-Orient Petroleum (PNG)     | Papua New Guinea | Oil and gas exploration and | 100%     
|Limited                          |                  | development                 |          
|                                 |                  |                             |          

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