Annual report ML 22624 Oonagalabi

Abstract

During the reporting period no exploration activities were carried out. Since the withdrawal of Silex Exploration from the project, there has been no other field activity (exploration). While several parties have since made enquiry regarding the prospect, declining commodity prices, bear market conditions, lingering effects from the GFC and policy changes render the immediate position joint venture wise as ongoing, slow yet positive. The future activities on the prospect will be subject to the joint venture.