Its initial interest were mineral exploration tenements in the northern tablelands of NSW looking for gold. it also has other exploration tenements in QLD and elsewhere in NSW. Since then it has ventured into the oil and gas business with interests in UTAH in the US, Cooper Basin in South Australia and elsewhere in Africa (Madagascar)
Recently they raised AUD800k in a underwritten 3:2 rights issue.
With a market cap of $1.5m things are still moving albeit slowly. Your 1500 shares are worth $3.
DYOR. Look up the stock code on ASX.com.au for more information.
TLU Price at posting:
0.2¢ Sentiment: None Disclosure: Held
