Company Strategy and Overview:

The Company’s key assets are:

• Two producing fields in Wind River Basin Wyoming

• Grieve (100%) - oil production
• Sand Draw South (100%) - oil production

• Historically productive field in Powder River Basin – Wyoming

• Ash Creek (50%) – oil potential

• Growing exploration acreage

The Company’s current strategy and objectives are:

• Acquire historic fields for low risk re-development
• Achieve productivity improvements
• Operator position preferred
• Geographic focus on Rocky Mountains region
• Short term goal – annual revenue A$4 million per year
• Exploration and development upside