Quarterly Report and Appendix 5B - March 2016

Management has continued to actively pursue discussions with interested parties by way of farm-in or otherwise, to strategically develop these tenements. TAPAN PPA is still in the process of updating the Exploration Tenement of 2053.92 Ha to an approximately 400 Ha Operating Production Tenement. LEGAL UPDATE. As per the ASX announcement dated 28 January 2016 the High Court of Jakarta issued its ve