Wash-hi and Mullaq exploration licencesAHRL participated in the...

Wash-hi and Mullaq exploration licencesAHRL participated in the auction of four new exploration blocks namely 22B, 22D, 22E and 11A. A formal decision on award isstill awaited at MEM. Wash-hi and Mullaq exploration licenses previously granted to AHRL are within a new, larger blockcreated by MEM (Block 22A). Block 22A is under consideration to be awarded to AHRL without an auction, on the basis that ithad spent a significant amount developing these properties. Discussions are continuing with MEM regarding the issue of Block22B.Wash-hi and Mullaq exploration licencesAHRL participated in the auction of four new exploration blocks namely 22B, 22D, 22E and 11A. A formal decision on award isstill awaited at MEM. Wash-hi and Mullaq exploration licenses previously granted to AHRL are within a new, larger blockcreated by MEM (Block 22A). Block 22A is under consideration to be awarded to AHRL without an auction, on the basis that ithad spent a significant amount developing these properties. Discussions are continuing with MEM regarding the issue of Block22B.

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