text: **Matters Subsequent to the End of the Financial Year**
  
  Subsequent to 31 December 2014, an additional $13.9 million was drawn-down the credit facilities, bringing total outstanding 
  debt to $143.9 million, with undrawn funds of $1.1 million. 
  
  In January 2015, the company acquired three leases totalling approximately 14,180 net acres in the Eagle Ford for 
  approximately $13.4 million. 
  
  **Future Developments, Prospects and Business Strategies**
  
  The Group’s business strategies and prospects for growth in future financial years are presently concentrated on growing the 
  value of the Group’s current resource plays through direct leasing from mineral owners, small acquisitions of producing 
  properties, drilling inventory within the Group’s current balance sheet capabilities, and development of the Group’s current 
  acreage. Further information on likely development in the operations of the Group and expected results of operations has not 
  been included because the Directors believe it would result in unreasonable prejudice to the Group. 