text: **7. Events Subsequent to Balance Date**
  
  Except as mentioned below, in the opinion of the Directors there has not arisen in the interval between the end of the financial year and the date of 
  this report any matter or circumstance that has significantly affected or may significantly affect the operations of the consolidated entity, the results 
  of those operations, or the state of affairs of the consolidated entity in future financial years. 
  
  Dividends declared after 31 December 2004 are set out in Item 4 of this Directors’ Report and Note 20 to the financial statements. 
  
  On 17 February 2005, the Company entered into a contract to acquire Basin Oil Pty Ltd effective 1 January 2005. Basin Oil Pty Ltd has a 2.1% 
  interest in the South Australia Cooper Basin, a 40% interest in Patricia-Baleen and Sole and a 33.3% interest in Golden Beach and Vic/P55. 