We are a development stage oil and gas exploration company, devoting substantially all of our efforts to raising funding to support our exploration and development of sub-surface hydrocarbons in commercial quantities in Tasmania, Australia. We presently possess 2% of the outstanding shares of Zeehan Zinc Limited a zinc, lead and silver mining company located near our license area in Tasmania, but had as much as 37% earlier in 2006. We currently have a 47% economic interest and a 92.6% voting interest in Pacific Rim Foods Ltd., a Mauritius-based entity with interests in the Chinese shelf foods industry. In May 2006, we acquired Expedia International Limited, a company incorporated in the British Virgin Islands that has entered into a joint venture with Batego Limited, a Hong Kong corporation, for the development and exploitation of certain intellectual property held by Batego Limited.