Ann: Business Update, page-2

Asx: NVG
MCap: 1.1m (0.002c for 580m shares on issue)
Cash: Financial support of $500k provided by DGR

Assets: Oil/Gas tenement in N. QLD - Roma shelf, in highly prospective producing region. Surrounded by Santos and other big players.
PELA applications in South Australia near Cooper basin however south of Moomba oil fields. NVG are still progressing the grant of 6 applications with SA gov for over 53m km2 of ground.
Coal - Argentinean project via scrip acq appears to have very promising and marketable coal quality.
Gold - prospects in Nevada, USA in Carlin Trend. No recent work done however in elephant country.
Lead by Nick Mather and mob - same guys involved with Arrow, Bow, AJQ and OBS.
Hold.