Investor Relations

Highlights

Financial Highlights

• A$8.95m - Realised from sale of 44.8m shares in MEO Australia to fund other operations.
• US$7.5m - Invested up to 30 June 2009 in new Turkish venture Extrem Energy
• £3.2m - Cash in hand at 30 June 2009. No borrowings.
• 75% - Farm-out of Zhibek Resources Ltd to finance US$10m exploration programme.
• £0.78m - Reduction in Administrative and operating expenses (2009: £2.1m).