Year 1 annual technical report for EL 25504 Sandover, 17 July 2007 to 16 July 2008

Abstract

This Annual Technical Report documents the 2007/2008 exploration program conducted at the Sandover prospect (EL25504) by Uranium Oil & Gas (UOG) and Broken Range Limited. UOG has an agreement with the tenement holder Bralich Holdings Pty Ltd whereby it could earn 70% by spending the minimum of 2 years expenditure. This 70% UOG ownership will be reduced to 20% with Broken Range gaining its 50% by spending about $ 60,000 over two years. Bralich Holdings retains its 30% holding. Broken Range is the current tenement operator. The Sandover prospect is located in the central Arunta province 150 km NNE of Alice Springs NT. Previous companies in the area have explored the Tertiary calcretes for uranium. This included drilling and water bore sampling. No economic uranium mineralisation was discovered. There are no known mines or resources established in the area. UOG and Broken Range's first year activities included literature research, field reconnaissance, soil sampling, rock chip sampling, a ground checking some radiometric granites and calcrete, GIS database, drafting and preparation of a MMP and a site clearance. Broken Range plans to drill test the calcrete areas during 2008.