capital raising to commence drilling of jaya s

Highlights
Quest to raise up to $5,000,000 comprising :
- $2,500,000 placement to investors including international and domestic institutions; and
- $2,500,000 Entitlement Issue to existing shareholders on same terms as placement

Funds raised are to be applied to the initial drill program at the Jaya sub-basin

The Jaya sub-basin has the exploration potential for multiple mmbls of oil and Tcf of gas