elk still not understood, page-5

The Company will undertake a progressive multi-staged redevelopment of the Grieve Oil Field, with the objective of substantially increasing oil production rates at that Field. Through this redevelopment, and through acquisition of other land holdings in non-producing or under-optimized, but historically prolific, hydrocarbon fields within the USA, the Company intends increasing production from 20 to 1000 barrels of oil per day within 18-24 months of its listing on the ASX.