Quarterly Report Highlights
Announcement of a proposed merger with Innamincka Petroleum Limited
via a friendly scheme of arrangement.
Four wet gas fields were declared commercial discoveries in the period:
Middleton, Brownlow, Canunda and Udacha.
2P/2C oil & gas reserves increase by 107% over full year end 2009.
Revenue of $3.1m for the quarter, on par with the previous quarter.
Production of 36,758 bbls, up 6% on the previous quarter.
Cash position of $4.7m with no debt.
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