Operational Highlights for 2010
In May 2010, the Company commenced initial road and construction work for the 2010 work program, with the drilling and completion phase of the program anticipated to commence in July/August 2010, depending on weather conditions and availability of service providers and equipment.
Future Operations
Under a work program approved by the Northern Territory of Australia Government, Department of Resources, on March 31, 2010, the Company is obligated to complete minimum work requirements by expending $6,400,000, $3,900,000 and $5,000,000 during the years ending December 31, 2010, 2011 and 2012, respectively, in order to continue to hold the underlying Permits in the Beetaloo Basin Project.
MANAGEMENT’S DISCUSSION AND ANALYSIS
