* Landholdings now total 45,000 acres with net revenue interests ranging from 80% to as high as 87.5%;
* Gross production from Osage increases to AUD$430,000;
* Net income for the quarter of AUD$340,000 represents 12% increase on previous quarter, and ninth consecutive quarter that an increase in income from the sale of oil and gas is recorded;
* Placement raises AUD$10 million to fast track production and ongoing development of coal bed methane, unconventional gas and conventional oil and gas holdings;
* Exploration and development program continues with aggressive drilling schedule planned in 2008.
Cheers, Pie :-)
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