Carlos Felices appointed as General Manager Argentina

Licence successfully extended to 2026 and first Argentine well spud

McKerall 1 logs identify prospective oil pay

RBC Europe Limited (RBC Capital Markets) appointed as Nomad and Joint Broker

600,000 share options granted to Ben Wilkinson, Finance Director

Well A49 at East White Lake, Louisiana has potential oil reserves at least 50% higher than expected

New drilling success at East White Lake, Louisiana and additional wells to be drilled in Louisiana and Argentina

Additional successful re-completion in Louisiana - Well 50 East White Lake

Successful results of re-completions

Levine Capital Management Limited increases shareholding

Levine Capital Management Limited increases shareholding

Levine Capital Management Limited increases shareholding

Farm-in of a 50% working interest in the CNO-8 “Puesto Guardian” licence in Salta Province, Argentina.

All resolutions at the Company's AGM passed

Issue and Cancellation of Share Options

Operational Update for Australia and Louisiana

Results for the year to 31 December 2010

Drilling update PEL82 South Australia

Strengthening of management team and new intermediate holding company for acquisitions

Drilling updates on Kafoury 3 East Lake Verret Field, Northumberland 2 South Australia and LA Furs 22 Sidetrack, East White Lake Field

Ben Wilkinson appointed as Finance Director

Drilling updates for Kafoury 3 and PEL82

Drilling updates for Kafoury 3, East White Lake and PEL82