wa petroleum & geothermal register wa-360-p, page-37

Hotrock,
I do not think that the Register of Charges will need to be dealt with in this exercise of the farm-out.

The register is designed to record "mortgages" over the company assets given by the company to secure loans and the like. If a company has taken out any finance which it has secured over any of it's assets this is called a Charge. To be legally enforceable all Charges must be registered with ASIC in the Register of Charges as you would register a mortgage over real estate when a bank loans funds for the purchase of a house. If a company gives such a charge over it's assets and it is material it must be announced thru the ASX so that shareholders are made aware of it.

The transfer of ownership of any part of the WA-360 permit should not be lodged until after the agreement with the farminee is executed and once executed it must be announced by MEO.

ANZ