This was march Q
Increased revenues are the result of royalty income earned from oil and gas interests in Louisiana, USA, increased interest income from increased cash on deposit and a foreign exchange gain of US$36,980 due to fluctuations in the Australian dollar and the Malagasy Ariary
REVENUE 30 Jun 2016 30 Jun 2015 US$ US$
(a) Revenue Interest received -
other corporations 4,615 -
(b) Other income Other income – oil & gas royalty income 4,831 This was when oil field was on hold
- Other income – option fee - 300,185
Other income – gain on sale of tenements 60,791
- Foreign exchange gain 62,001 -
Total Other income 127,623 300,185
Yes BRN got rid of Minning Assets exploration But cant find anywhere they got rid of The Oil &Gas
Ann: Appendix 4C June Quarter, page-29
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