text: **2. Principal Activities**
  
  The principal activities of the consolidated entity during the financial year were: petroleum exploration, the production, treatment and marketing of 
  natural gas, crude oil, condensate, naphtha and liquid petroleum gas, and the transportation by pipeline of crude oil. No significant change in the 
  nature of these activities has occurred during the year. 
  
  **3. Review and Results of Operations**
  
  A review of the operations and of the results of those operations of the consolidated entity during the financial year are contained on pages 2 to 7, 
  10 to 12 and 14 to 28 of this Annual Report. 
  
  **4. Dividends**
  
  On 23 February 2005, Directors declared:- 
  
  (i) that a fully franked final dividend of 18 cents per fully paid ordinary share be paid on 31 March 2005 to shareholders registered in the books of 
  the Company at the close of business on 4 March 2005. This final dividend amounts to approximately $105.4 million; and 
  
  (ii) that in accordance with the Terms of Issue, a fully franked dividend of $2.4497 per Franked Unsecured Equity Listed Securities be paid on 31 
  March 2005 to holders registered in the books of the Company at the close of business on 4 March 2005, amounting to $14.7 million. 