dear mr chairman. , page-15

Commitments
(a) Capital commitments
The consolidated entity has exploration expenditure commitments on the following permits:
Petroleum EPs 82, 93, 97, 105, 106, 107, 112, 115, 118, and 125.
Mineral ELs 27094, 27100, 27101, 27102, 27103, 27104, 27105, 27107, 27108, 27109, 27110, 27114, 28095,
28096 and 28097.
The following amounts are due:

Within one year 18,291,583


Later than one year 60,528,250

not later than five years
78,819,833

(c) Other transactions with key management personnel
(i) During the year ended 30 June 2012 the consolidated entity paid $46,528 (2011: $59,423) to Dunmore
Consulting, a business in which Mr Dunmore is the principal, for the provision of technical and corporate advisory
services.

This transaction was on normal commercial terms and conditions no more favourable than those available
to other parties.

(ii) During the year ended 30 June 2012 the consolidated entity paid $25,000 (2011: $nil) to Jabiru Energy,
Development and Innovation Pty Ltd

, Mr Herrington is the principal, for the provision of corporate
advisory services prior to appointment to the board of directors of the Company. This transaction was on normal
commercial terms and conditions no more favourable than those available to other parties.


(iii) FEP has provided the services of Richard Cottee on the basis of a secondment to the Company. As such
compensation is made to FEP in line with Richard Cottee’s service agreement shown on page 25. Richard Cottee
has a beneficial equity interest in FEP.
During the year ended 30 June 2012 FEP have received compensation of $158,913 with $29,796 expensed for
services provided to 30 June 2012. $129,117 has been treated as a prepayment in the reporting period as it relates
to future service for the period 1 July 2012 to 30 September 2012. An accrual for $435,000 exists in relation to Mr
Cottee’s sign on payment of $250,000, and incidental expenses incurred by FEP of $185,000.


Key management personnel (continued)
(a) Key management personnel compensation
Short-term employee benefits 2,074,783