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Howardhaftel

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Howardhaftel

Re: None

Thursday, 08/12/2010 3:34:27 PM

Thursday, August 12, 2010 3:34:27 PM

Post# of 42997
GSLM is currently in the process of preparing a submission to the Tasmanian Government for expansion of its licensed areas under both Exploration License (EL) 14/2009 and reinstatement of the Special Exploration License (SEL) 13/2009 area.

It is the intention of Empire and GSLM that, once financing has been successfully completed and the Company is in a stronger financial position, it will advance its early stage discussions to create a Joint Venture with a gulf region oil company to manage the business operations for the full development of oil and gas in the Tasmania Basin.

This is only my opinion!

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