The following may be the most important item on the CNR: 

New Director and Officer

The Company is pleased to advise that Mr. Mark Parfitt has agreed to join the Company's board of directors. Mr. Parfitt received a Master of Science degree in Petroleum Geochemistry from the University of Newcastle in 1993, and is a member of the Geological Society of London, UK. He is currently a corporate equities analyst, energy sector, with Hardman and Co. of London, UK; and also provides financial modeling and consultancy work in the petroleum industry.

The Company is also pleased to advise that Ms. June Ballant has agreed to act as the Company's Chief Financial Officer. Ms. Ballant is a self-employed consultant who provides accounting and administrative services to public companies.