INPEX Corporation, an oil and gas company, agreed to issue 1,216,000 shares of common stock, for gross proceeds of JPY587,200 million ($6,600 million), in a public offering. The company also granted an option to purchase additional 84,000 shares of common stock to the institutional investors in US. The offer price will be set between July 26 and 28, 2010.

The company intends to use the proceeds from the offering to fund the development expenditures of the Ichthys LNG Project. The offering is conditional upon the effectiveness of the registration made through a securities registration statement thereof pursuant to the Financial Instruments and Exchange Act.

* Indicates Mandatory