Contract

by Pryme Oil & Gas Ltd
September 29th, 2006

Exhibit 4 EMMET, MARVIN & MARTIN, LLP COUNSELLORS AT LAW

WRITER'S DIRECT DIAL 120 BROADWAY 177 MADISON AVENUE MORRISTOWN, NEW JERSEY 07960 NEW YORK, NEW YORK 10271 (973) 538-5600 _____ FAX: (973) 538-6448 (212) 238-3000 1351 WASHINGTON BOULEVARD _____ 2ND FLOOR STAMFORD, CONNECTICUT 06902-4543 FAX: (212) 238-3100 (203) 425-1400 http://www.emmetmarvin.com FAX: (203) 425-1410
September 29, 2006 The Bank of New York as Depositary 101 Barclay Street New York, New York, 10286 Re: American Depositary Receipts for Ordinary Shares of Pryme Oil & Gas Limited Ladies and Gentlemen: We refer to the registration statement to be filed on Form F-6 under the Securities Act of 1933 (the "Registration Statement") by the legal entity created by the agreement (the "Deposit Agreement") for issuance of American Depositary Shares ("ADSs") evidenced by American Depositary Receipts ("ADRs") for Ordinary Shares of Pryme Oil & Gas Limited for which you propose to act as Depositary. We are of the opinion that the ADSs covered by the Registration Statement, when issued in accordance with the terms of the Deposit Agreement, will, when sold, be legally issued and will entitle the holders thereof to the rights specified in the Deposit Agreement and the ADRs. This opinion may be used by you as an exhibit to the Registration Statement. Very truly yours, /s/ Emmet, Marvin & Martin LLP EMMET, MARVIN & MARTIN, LLP