STRATEGIC DIRECTION
Strategic Direction The Company’s key strategic focuses are:
1. Acquisition of a suitable project to provide cash flow in the short to medium term;
2. Exploration and development of existing coal projects for the creating of longer-term shareholder value;
3. Broadening the company’s exposure in the energy sector:
4. Commodity trading to pursue short-to-medium term revenue opportunities; and
5. Progression of the Joint Venture with Eastern Gas Holdings Pty Ltd.
The Company has reviewed its current tenement holdings with emphasis being placed on tenements which may hold economic benefit to the company in the short to medium term.
The company now retains three (3) Exploration Permits for Coal and a 50% interest in three (3) Authorities to Prospect for Petroleum following a successful farm-out to Eastern Gas Holdings Pty Ltd. The
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