re: fourth quarter activities and cashflow report

Fourth Quarter Activities & Cashflow Report

http://sa.iguana2.com/cache/4ef30cdac98672ed822b50f45a0b7960/ASX-EPG-329876.pdf

Extract:
#56256;#56510; Approvals for on site activities and
landholder agreements completed.
#56256;#56510; Site works completed at Folschviller and have commenced at Diebling.
#56256;#56510; Two core well program.
#56256;#56510; European Gas’ ownership increased to
75%.

Gardanne and St Etienne Permits, France
#56256;#56510; Reservoir Studies under review.
#56256;#56510; Future programs being planned.

Tuscany, Italy
#56256;#56510; Environmental Impact Studies completed
and submitted.


Canning Basin, Western Australia
#56256;#56510; Sale of 28,000 square kilometres to ARC
Energy.
#56256;#56510; European Gas maintains strong leverage
through royalties and shares.
#56256;#56510; Crude oil production and sales for the
quarter were 3,300 barrels and 2,717
barrels respectively.
#56256;#56510; Golden Dynasty Joint Venture two wells completed then plugged and abandoned.