05-02-15;16:29 1 ;03 8320 2200 . 1/ 19

  Grantl-horntonAn instinct for growth-

GE.XThon.O"Aus  1 AIN«12//Ill/ACN 127///3/9To 1€• F*   i. , , i.i . -i. - . t»

Compill Anstmlian Seattities

Fix 1300 135 638pq= hlidlu 19§1!Ilip•0•

Fmm AS R Hewitt0./.d

Tdmi,aiI

F=

+61 3 8320 2222+61 3 8320 2200

AED OIL LGOTEDACN110 393292(SUBJECT TO A DEED OF COMPANYARRANGEnaKMr)

ENTIALPRIVATE ANDNOZE* vi  cilan-Mint,Ii,I4*0Iod M,illdentlit k#gimation be:,de o* lo  meI<mi,il,Ii,Iairaa ihoid Il,ouaze not diehm,led /2101,1 1181, hink109 m hmb, nodlid 61,1,0=m tmoEdii,Iid:,iti cop,.  ka m, Icdon 19 milince ipon IL Ir/0. 11.ve,ecelied *6 lic,Imile k Bum, 0-m mod#03*Thornton 611.14*12* 10 ret=rn itv GancTRmiton n die coofict det,lk abme.

2015

Dear Sit/Midam

Ple«se An,1 endo®ed the Con£ ed Pin.ncial Repoct HalfYeac Endcd 31 December 2014 -AED Oil I,imi ed (Subject to Deed ofCompany + · · ·· 8- , · - · D for immediate mleue to theIlial #L

Yours fai fany

Joint and Sevenal Deed Acimin#.trmtnr

/9//I/Il///Ii/41/HHI/I

0/VI"......Ul././.....mi i./1.........U,O./........W.....1."../.........NAQ.in..

Uil  hyaid by a INmiIia*induP,ollill hidlUglidilin

5F

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Directors' Report

AED Oil Umited (Subject to Deed of Company Arrangement)

Condensed FInandal ReportHalf Year ended 31 December 2014

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Directors' ReportA® 01. UPSTED ¢S,blect to Deacl of Compic,Arr, mitit ABN 61110393 2R

Dhcloll

T !,BlkhvhlOdd Vm OppmMark UcclardoPhip*Bl

00./.mys./.tmyTrm,or gats

R,0-ed ./.dPost,1W-C/o Grer,t Thornton11M F Ito, Lmd 30525 Can, StrmtMELBOURNE VIC 3000

ill--4Unk Mmict Sorvic= UnlitedLa,11333 Cdns RrmtMS-BOURI2 VIC 3000Pall/Adkills:PO Box 1736'MELBOURNE VIC 3001Al=21*! Ph: 1300 554 474 or (02) 8280 71110/Ilills: Ph: + 61 (2) 82807111Emn'i: rilbull'll'"IN/-· ., · · ' '\.*

AEDO, Un*Bd,har=nist,El.5.Aug.k.....rASr] (ct,r*4#M

Ho-mock--.es-,n.AS)(Un,lt,dRialto Towgs, LIMI 4 525 Co = StreatMELBOURNE VIC 3000

Rin# Bird C*neron Pitne„Lav,1 21,55 Ck*ts StMELBOURNE VIC 3000

Doid Ailil,litiatmiiAndrew Heimmd MI,vt,I,wmi*Grant Thon,tonThe RI/:A Le,130525 a*ls *rtMELBOURNE VIC 3000

Rddom liwyii,140 Wmern StrlstMELBOURNE VIC 3000

-I- 

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Directors' Report

Yot, DI,a=, pr,mntmilr r,port on the result, of AED 01 Ullbld 01*Nct to D,id of Compiny Arr ,Ii,11,119 (toup','Comp=V" or SAED') for the hilfy,= Ixlid 31 Dic,mber 2014.

As desolbe In priwlacm Oompeny Report  on 12 AL lat 2011,  [Ys *actors relolved to pllce me Oomplny AtoVokmt=y Adidinktrition itwhich tine the powis of the Chctors pissed toh ippollidAddimin=

Thts riport I b,Ii di,triblitd on 4 Fibculry 2015, ind it li r commended th,tthi©ornpmn prevlati hill md =IN=lreports,r, Mid In cond,ilclon with thh.

Sublec;imt to the Ippoli,tmira of the l,Ininlittitor KPMG on 12 Allin 2011, thi company w= mntrole by thefoll Il per es from the limot ed below:

• PPB Advhory - 24Allist 2011• Koid,Mih - 16 5, mb,r 2011. PPBAch,soly- 8 -ch 2012• Grsit Thombon - 29 Noveinber 20112, om:wds

At I mid  of cremon Wd on 8 No mb,r 2014 R was propoid that AED mcuti a Did of Oonipanv Ar,ggild(-DOCA'). The proposal was put #orwerd b, AFF Amber Pte Ud ('ARP'), AEVs lipit creditor, md I mt tkne illDEricton Mifined wo mi Iaption of Mr Wd#& Thicriclon of thi Oompmy re,olvad th,t the DOCA shoukl be...1*WIL

an 8 Jui,0 2013, MF Anfer P  ud ('ARP) =*Ir,d *to dia=lom v,Rh me Deld, *igi Ii,Ii,of m vuy w w,m dthe DOCA. This retult,d h a forn,1 proposal (the "Ammded DOCAl bihi pro,Ided on 26 No,Imb= 2013 which v,ss pl*m Oe.4,nd subs,quent!,Ioorovad at a m.or. h. on 11 Declmb,r 2011

On thi 21 Filbru„y 201< thi Ammd•d DOCA w= fommly =gicutld. Th• ful t•r= of the Am,Idd DOCA are IillablionearniThortion's wibliti (vvww L ·-."--·.22-·· ).

Cknigthe halfm-,the keyac:MI. lal-t,kml byth.©onlpmy, Qu"A..m.dgik"m.dDOCA„,r,;• Or,oh, pr,plridon of Ic©o„,u Ind f,land,1 repom;• Workv th Skip,c=NDin,Ilr on Imt ic,in,N limi< md• Arbltrition of the Cimeron alint

DIREDTORS

The names of the Comp 's Direcma in office diaN thi h,0y,ir md uiinl thi dati of this r,poct,re shown an thiprm(ous*

CONPANY BACKal,OUND

In 70=  r,ports th, Oornpmy h= prc, Idd a mi,9Ii:,Iry of 0/Ints taldrl place lince A,e Cor, ny I placed inloMlallsbidon.The Iq Ivinm (=19* ollirs) diatd h prailai= ripor  lid„*

. *Imidon md Racilver,lik• th•Deedof©ornpm,Arrg n,r and• Inile.dWIX Ed Ic All)Son

SUB mQUENr EVENTS

Thi Aililzillm Didil 

AEDthroli/I the pistyllr hesbeln liwoh d m In =blvinon d,h rel,24 toei oil/1/ Puffh, Nld divilop,Iiiit ThiOomp,ny formaly mt,rnd the .,1*Jition proci# In J l,le 2014 -id aub,Iqumtly th• Comp,IM Mdoied on 13 Jmu„y2015that It m**0 it Ad bom su lishil Il thl proc=z. AMi subril„lon on a potinall costs Nid v,I bimadi*ortlv, folow# the 01*come of v,hich, the Oomp,ny may be,bli to provide fisth,dit* of the anid

in thi ma Im  ARF I propon,mof th  Ammd,d DOCA and thi pity ritpondbli for Aa*Wthi  12#ralion va work-Ith Grant Thorraon rilirill patent[,1 steps for the Oorr®my.

F ther=nounc nmtmonth'm,tb,rv,Ulbe-direquhd.

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Directors' Report

OVSIVEWOF OPmATIO,4 ReSUL33 AF«) ACCOUNT,de BASES ADOPTED

01,1, the hal yiI', AED Ilned l; A*Immrtion. AED  amd h, mit, =iodatid with ol,oh, 119„,Ii,nent andrmloration of the Pumn joint ¥Entln allea As sucli the operatll loss of $10,204,429 (2013: Loss $6,249,000) 13 relladto tha foao¥,4 'CU,Irk

• Corpor,ba com md fe= =,oclited v,!th the or,ob,Ninlinistranon of thi Corn/mofm,Nianabm= forfor,  9011„ilelossizi Iid

• Joilt Ventlse operaSons.

Accoi,Ii,IMAdapead

Al I res,n of AEVs Volint„y Administrillon, = It the d•ta ofAh riport th,„ 11 *villcmt unc,rt,11,4 = to thi soinsconcam stat  of the Oomp,% The fin,nd,1 =guh h,vath,nfor  bem pre  d on'non,01, con'm b-toreMectthh.

Un-th•nonlobl concm, belli of pr,pit,lion, al,- havab- mi ind atth,Ir suh,•f,„nt r ill,ibli vilus. Th,subsiqut „Im,able ville 18 their vilue b=ed on thi proceed: Iubsili=* recilvid on s,1* aspo=l or realls,lion isd,tilled inthi Kroilthil pold,s note bilow. L blnles h,vi linisly bim n,=mnd *their contracti=l=nount,pay e Indu*dim t clrc,/11*„14= whire Amnt

5*FRILI, accordmca wkh a r.mok,tion of the Dhctors:

Ttn, Ba@V* Dhctor

4 February 2015

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Directors Report

AUDHOR'S , - , - • r• 7A.Al]ON

Wa h,-obt adthe folowint Indsomd,mce d,dar-n frorno,In/L AM B*d Cmnsron.

Aill<fl:JIM Dlilgl.Allbt;1)

-=0..Im 'Ill"-

Mal- .-3-a-

klidmial=kre»,mlmvill,#=10 r,potofAEI)01 Lhaidarl»h, ,=,nddal Ominb=:01<I dec re lit 10 Im beatimyhill,(/ Sid WIKI=ilmi blal no cK,*mirill i of

0 -attm,rh,dapendirm rn[**,Imen. dhQP,#,1 Acf 201 ki r,1,/0,1 b bl mut ild

I =Wlig/*Idial*ulkrn=na/in,I il ilol.iudl

1-Mild,Aial'80

J 8 CinALLpidi,Ir

Dit 4 Peliz=y 2018Illl)Ill* VIC

i:.4.. .......  ;OZZIN.......almill¥Il

5

R91 Nd Cm son *inMs

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Statement of Profit or Loss and Other ComprehensiveIncome

F,-11,"Ye-*d,d=Dece-=I

R'/III-

00.r./a.Ac Inistratlva indoth, gil,Ii,11=antoyambenaMt,pam"map,/M Wdjoktvinair. costsB · · . t.ld *M.In.low...d"WI.on fb-,clal ..uum...Hil.iticaluRcilvirs md Adrnk,litriaton fi=

10= bdo„ I con» t=Incor"' t=blne '02"se)I10=*rthep od

0./r n.n......O..Othe,comp,Il,I,1.lvi kwo,ne forth, p lod, net of t=Tot con..1./.forth,pe d

Le=per,hire (c,Imp,r0-W

4(d)4(b)4(4

CONSOLIDATE)31 DH 310=2014 2013

(1.492,350)(20,255)

9,794710)

(10,204429)

(10,104,429)

08,795

21(U72.931)

0,636,680)(1355,826)

l55/A361(145,283)

(4240,004)

(luou21) {U'UOO)

(4.26) (161)

The abova st,bml nt of profk or lou md ath,r minpr h=„/ve k,con» should h rid h col*Inction wlth thenot=.

4(a)

G1

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AI& 31 Dic,mhor 20 4

ASSETS

Cish.dash*-Oth=*ma=„bTril Ind all= recilvibl=TOTAL AS $3

LIAL,11.riES

Mde,nd diI,pil/1=

TOTAL UABILmES

I=TUA=mi

E¥JrryContribut,d iquRYR.,4.d..Milt

TOTAL mumr

Statement of Financial Position

8

10

COISO ATEDAlat 310= A.*901..

7  TSUM

734389

MRA.SAl

(93,925,024)

2,445710,000234,239946,684

61,756,30122,910,978

IAWKIS(83,724595)

123,70 556 129,703,556011B m 001,0AAW

(93,925,024) (83,724595)

The Ibo. Stat,m. of R,md,1 Position should be r-d ilco,*Inction v,Ithth ,ccon,pirn*I not,s. The f Indalst,tainents. Midr  the compnt- st,tament of flnandil posltion, hae been prepared on anon-loN concernhils. A ¥It d the *dors *04 ammt / nol,asrint pre,Int,00„ of Imt, md Mlt!,1 * thi St-nint ofAl//M- h noteo idef.=pre.de -fUI h-m,tion tous= of the ..Win.-AN,udi, 11§-Iid labith havi bim priant,d  1 orderof Iql«Sty. R,fer noti 2(4

6

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Statement of Changes In EquityForliI IldV-mdid 31mcin*,r IOU

Atl *2014Lo= for thepirlodOlharcoqllgr,hanill litalllTot,lcon*rehidiki,BlhHIPAwMiD,c,m 2014

At 1 J*2013Log formipiilodOther compr.h,nsh. Incon»ToWcompril,Ii,Ili lai for me Wy=r,2 31 Dicimb. 2013

-1"h- R'.Ind

™11$ $ $

123,703,556 (207,424,151) (83,720,595)

(10 04,429) (10,204,429)

(10,204,429) (10,204,429)12,-6 =740) D.25-)

123,708,556 (221,060,080) (97,354474)

(4249,000) (6,249,000)

- (6,249,000) (4249,000)123,7114586 (227,309,080) (108,605,74)

Thiabove stilmintd dlans,s il ,quI should be :,ad [n c 1*mcilon v,Ith 4, accollip,ilylil notis.

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Statement of Cash Flows

Fil lhe 111/YilididalDeclallr m14

 hnols*omall,-Il Ify#UlP„rnmts#*.444-hrit,rest n..h.dhterest,IdGST RifundRaD hcainni/atix ribiM recalidN,tc=h*om Ilopll,liq 'cl'*Ills

0/80-Am-*-Radimption of/ (hwubwas In) oth,rf mcid ,=sts te=hDom/(-* W *01'Wae'lli

Nathlgiuill Mihid=h IWWIM

Clih id Mih gilulilinmat billiwihildpidod

CARI N® CASH MQUIVALENTS AT 50 OF P151100

Thi abows:*imIntof cl,h flous,hould read in ©01*mction v,la th, 90,1190,1,*W note 

CONSOLE)ATIO

(80,307)

lU/3

635,000

651,463

2,445

2013

n(91071)

108.052_-lifcil

(185,000)(115,000)

450;557

148.717

594314

$

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Notes to the FInandal Statement

Mir The1*/Te,  did 31 Dic,ralli =14

L CORPORATE INFORMATION

The fiwicid repot d AED Ol Lhrilt,d (the Group) for the halh.r end,d 31 December 2014 was authorbed forlue h ac©ordoncev,mh a M...dtha* c:om.

AED 011 Unlilid { 1bje to Deed of ©on„Iny Arr= nint) b a compm, In*id Ii,shir,G kiwiporild hl ALJ,tralaw/,ose sharu ar,publd, uaded onthe A,Stialm Seciidlim azi„,P. A ar=uk of the coniliny ent,rNVal,Intily Achl,II,tration thish== of AED =lasr,iny I•p•nded.

2. 2JWIAA OFIACt)OIJI<llil POUCI

0) 8,118 of Prqi,alion

Thel,te,!m comold,ted filandd statsnemU for #he * months mdid 31 De=nber 2014 hive bem preper,d hacmrdinci v,!th AASS 134 hltirlrn Hilind,[ nipo/thil This 11,14= *ma riport has bem pi,vired inaccordince vahAtlilm Ac©olIIWIU St,nd=*oth,r a uthorRath, r , , · 9of theAl,trillin Accol•*NRandarch Boid mid the Corpor, ors kt 2001 = they opply on a non,oN concern basis

The ir,t Irn cond,nled mnloildatd flninci,l itaternints do not h,chida il thi Worr,tion md dhdo res riqi* dh th, .nual fhlandal stat,mmts,ld should . r-d in co-,ch 'Rh 4.*Ms==MIN*atements= at 30 ki= Eli md,ny pdik mnac„191,11„m mlde by NED I NUN AMm pulod h Iccod,nce v th thimiti,Iuots dido.In ric,/1,1„,it of the Corporitk>ru Act 2001.

Fh,¤111 st,t,m,nt, u normily prepered on a WN cgic,n bil where there h Inill,u Be htent!on northenid tomatirlily astmlths Kili of thi mUlfs aftitlons. If such m ht„,Ron or need *st  the f indalshnmtz cmni be pdon.0.m,Um.*

e en the,bilriilion ded,lon of A,lt 2011 ind *Imibs,qumt pidod o  Ad:Ilillitzilion (md Ricalmi,;Wp) ofA24 0, Rilind,I statim,n# hive not bem pr,pirad on i FINS concin bidi; rilh, *se Iceounu hive himprmir d onanoiloinl con=n bids. A*stmintsmfh,t rigogi,!mdtor ct*enon,04 concirn b=  ofpr,pliltionforthe30Ju,1,201lfinindalstatements.  coril,IW,lcomp,rative mahooninon !loonicarn

N *li.00,=m

As outnnad h the Dhcton 1%,port and dwo,1/101* thm igcou,14 as a r-ult of th  then Adininht:,tion (mdR,clivlf#,ip) of Am • nlmber of r*vmt avmt, omsred pdor to Ale balanc, dati of tim ac©ount  bdud,but not Infted to

• D=d of Compmy Arrai,girm,10 and• Ammded Did of ©ompugArraili,Init

el,en the above dir„„1121£4 Ale Dinctom hiveconchid,d th/ me,oing concgn =14,11010, I n/,99„811,Mforthlp,ep adon ofth,slacm<int& Thh *In*dul toRE

• mit,M Matilini,it cf op,Illons;• 1 cert,int, r,Dr Nth•co lill=,dme Amended DOCA;I ls=rtiIN uound the abity to ral. Asids md**. ric,pltilsidin of AED 10 -mn that AED b

un r-,•„9flruncill r=ol = tn Iporopr•Imay conta,ue wlth al and Zin Iploi,21 ,& davalopmeint andproduction acth** *to the for==11. futur,; md

• the Joint Venture Notice of Delbdt

Based on the *al drelm,#=Ic=, me Dlmemrs hal IOA•d tho rq,/Minirt, of pangr,ph 25 of AASB 101Pre,ent„tion of Mnand,1 matini,lts which stmtes AW 'When the f mcial report b not prepared on a *Iconc,n b.*that factsh,11..6.4/.Ihiv'h th. balls on ./chd.".t/ "portls prqund.dalr-son whyth.046 not r ,rd,d= .,01, cor-n."

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Notes tothe Financial Statement

Di,clofOomp,ryAITI,ili,imtAt the meath  of cre.ors held on 8 Novernber 2012, R w= proposed that AED ellecute a Dead of Cbmp,nyArran,Immt ('DOCA'). Thi propos,1 was pl* for-d by ARF, AEIYs I=gld crecmor. Thi ¤1,(litirl of the Compmyrisolved(mulathin*1)-tthi DOCAdiodd be Imaiti,L

Th/DOCA w"sub„qu,nt# prep,red h imphnc  v/hm'NhT* tr-s' obagaty/ 91*/section 4«AB) ofAe Act to rikct the t,rrm of the Arrat,ement = qr=d to by the cr«itors of th,  ompm, at th, criba

lh, DOCA i form,ly I,Icut,d on 29 Novinib, 2012 Ind Andia# H„wiltt Ind Millth,# Donnil, of GrmtTho„lon wari appa,tid Did Ad*I,traton. As, res* PPB A¢Mio,y * 4 from thet role Ithe©ompmy*adin=aton

Arnoi# otherthhIL th  hayact Itlesto bi lmdirt,ken uponthe,Imartionofthe DOCAkidik• 01-*a--.dwo  • Tb i,limwl* Nnopec mN Wbiu Ind Iny oth,r rqi*,10<y bocias to addng ass,t lci,ul,U lil=; ind• Prolliibpr,piritionof•poliblepic,ofd.409„intforth,Jo#Vitlnallati.

me Deed Ad,11,nliti,Init addid crd:tors that R wasthi hltintion to d die• • p•,mmt on 18 Jul, 2013 inaccord,nce v th the DOCA  pproved on 29 110, ber 2012. The Minmt=contli,lilit upon recelil,W a Asthercontr*ldion from ARF, the h,Id* crec or, on orb,fc„ 30 kine2013. ARF -=rd.,d Im op on not tomn#01*,theA th= contr·21ution on 29 Jlmi 2013.

On 29 Aria m13, ARF mt=,d b,to diamion wel the D-d Admhll,trators to v¥, the ter,TU of thi DOCA. 11,11resultad In " bmi lopos,1 (thi .Arnmded DOCA') baN prodld d on 26 Nov ber 2013 v,hlch was puttoCr,mors, mdsubs*11:#4 Vro,ad at a mItN haklon 11 Doclnlber 2019. The Ammde DOCA wal l cut,don 21 Fdwzi=y 2014. The Imytern,of the Ailwided DOCA were dl,8,1„d h the A,inual Raport forthe Compmy,datid 30 Ju,e 2014.

h, accord,nce wm, Be terms dthe Am,nd,d DOG, ditrliution hes bail made to fom,Ir Ir,4Noms of thiCoalpally.

(4  act of adopEN a.on,- coll-ra I. of p, ,a  o.m,mur,Imr*, cl, IncatIon of -I ld....d.*mns/thilit'r,mon

Und,rthi noilohil co,cm, bills of pr,pirallm Imts / hbitl= hiv, bom v*!man down to the loww of BelrM,112„i mmlt, md th- nit Mils,bli vaium. list Re,8,able Vlkie h Aha =tinnat,d sal,I prl©, thi Group..=MI   d,rthecbmonstmc,1,1-sthetrnat,d colts ne -yto m,Imth.la.

Thi  !Uon md  Ron requhmin# of AL,tralm Accoialti, Rmdic* 1 , co,111„u,d to bi app[!,donth....6.dal".EMMIn

Any.. W.-rell-*m rn•=lnls •mts and ... 1-menon-onclm ....comisedhl the hcome Statement.

h ¥t of th. f.cton .bov* amnt/no„-9,„imt prismtation of amats md lab-, h the bilinci thet h not©on,Idir,d to provlde us** Irdbrnnition to users of thi fklindil state,nerna Assuch, =sib md Wiltli havebeem presemted In order of HqukRy.

(4 Adoplion al ll-Accm:*,min-ds

Thi eroup h,s adoptid al *M*IMI now md arn,nd,d AL,tral,n Acm,a*hU Stindirds =0 AASB *t r,tatiomIn UN p,riod.

The adopdon of thenew solid,rds donot hme a mterial Inpict onthe ,mahbinks ..prehens e

In ¥Itof thino,Mal,con©Irn bilis ofprip,„th, theeroup has notd,termined thi higictof st=,darch h,u,dnoty,t dizilva

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Notes to the Financial Statement

1 Sen,S,r1.0.'IATION

The Ohcto„ md Adinh,istrators do not curriti, regave,00,110,It mintammt of FlnmcI,1 Po#non md Statian„,It ofOomprehmive hcome k,formition. Rom kine 2012, the Group ody hokh m kier=t h one porthb of Imts hBennor fai: wa a common waiting Int,res& WMI# Boup and opir=.

4. IVIAZ U,00&11 AND 05,125

b) r- , tch, m fhwindal  tz„,glFor*) 9,1=„0 (101)/,hl on convirnble not=For.In..1.9/. (loss)/8.hl on trad. payabl=

4 Mill'.conU.H of CNSCO t On r-tor, on provhlom (non-c=h)

4 puln,Mint weit,/ecom8(plor,Uon Meld coitRls®oritlanpro 1 -for =91111/ md d phdiol* rite

001SOLI)ATED

 12114,021

(5,863 57)(1,935,313)0#710,

p47,075)

(1,555,nG)

a lm:20)

867;3Mt

(2,780,341)

(856,339)¢UJUBO)

21m

1 IPAID N® PRO,038

No dildends wern p,Id or propo=dto m,Inbi, In reipectof the halfyear ended 31 Decimber 2014(2013: *1

4 CANINID CASH BCINAilill,NID milm NIAIIOAL ASE TS

For*plijoicfnwhill,rgiter,emof  R..4 MA,ndc„h **vilints -co,:mildofhfolodl

Cash *b=*md h hindToW ofd(-1.ellihili.1#

7. I010#AT  AND EVAWAION

Aih md Ibbot MII

°° r11 Dec 2014

653,908659'1'll

©0 8501/0 1.0

AstN 1,0.=14

 4454445

As,t31 Dec 201*$

Ast81/=20U

$599»4589314

Ast30.-=14

410„lion md  vil,lation oos# clrrlid fon ird h r,1/lan to the Pil k md Tilbot Fl,Il m hipilr,dit 30 *me2011, = at thi Ame alwill„Il Ir,ter,d Adm htntion R = not prob,ble thit such =noislts would be Ibli to

$ $

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Notes to the Financial Statement

be recoupd throc,0, succ=sid dii,loommt or by mid Qim*wi Ilthah,0,-fs endid 31 Dic,mb, 201*md 31 D.comber 2013 h,va b=n Illrneclt* 2, erled (refito note 4(d)).

S. TRADE MID Onlm PATABLES

PE,ab.md Amru. {,)IN/./11/Yllgd/tor-AIF 01)hldamnll,Na"atgr (c)Priority Err1009- Credlbors (d)Unl.and ptidpit.1, gzligrs (e)Non-Partldp-, Mand credltur-Snopec Cash Ck mNon-Pactk r, Nand cre*or-Sh,op,c Restor#on Com (1)Bickid,d crecRors - 1.1 Joli Cove (g)8,ck,ded crackors -ARF (h)1//lign.d"...

Ch=lacill n of hhill= IRo a,ir,it id no,i-<,in,*

00 SOL ATED

Ast31 Dic 014

$

2664795,876,1611,976,824

332.2932.821.1177,752.790

34738378932.569

43366 06'USA,3

AS.t30*=01014

$350547

4.541,8011,976,024

332,2982.821,1176,500,0416,138.261

982,56938,103.1484754301

As the B¢npmv h ammtiv „ldera DOCA v,!th m inclrt,Inty ovi ksMA# th  po*t In tll!* It h not posillto -thnate the  mthood lat.-#8**rtefor each ..4.

2014 Ts=mdcomm=der-orpe,-mhacoardmmn*hth DOCA

61 accord,„cm with th, Amended DOCA a dlvldend h= hem pid to formerenployels of the Oompmy who wer,owid =,Atimlim Ind hid milimlaid,dahn = aprlor# cridlN of the Bip=F The piymmt to formerempli,yamwmpild In AA 2014

On 8 Imi 2013, A   nt,red hto dlici,Iilons vlui mi Did A*n tr-, to wuy 40 wi„ 0 e  DOCA. lhhrlsultld hl al mal proposal (80 'AmencIKI DOCAl bli, prilded on 26 No ,mb= 2013 v,hich = pit toCredtor& md subiequent),Ipproved at I meath, held on 11 December 2013.

On 21 Febn=y 2014, the Amended DOCA v#as fo,rn* mtictited. The ful terms of thi Aminded MCA Iresvilibleoneralltlhort=i's,veh/te¢v nv_, 4-L " ., 14

a) ™s h,cludi editors of AE[) subsidlil= Ind mi P,/h Blr£ vinturev,hlch did not Inter, *btrallan

b) hld,nilff, Cr«mor (AM h= pro.lded Amal to AED forthe cost Ind ,(110,2,0 of the adiinlilitrition afdie Oompggdiainidia murs, d th  GI,Wa4*N Istra on md Ilicilviiihip  lod Or completion of the terns and concililo,u of the DOCA (prior tomy ve,lallon), ARF = m Indernn0,4Crar nr may r-*a p,vmmts h m, danci vvith the d,th of the DOCA = del¤*ed in Note 2(bh

c) Ad,nilly*, Oiltor (I,CkKN ARF) It mi p=tv who haveprovided WY to AED forthe cost md*01= of the =1,11,93*ratlon of the Cbmpmy dihi the cotne of the Oomp=* Ac Inhtrillon mdRecilvirship polod At thi meittig of crecltorm h,Id on 8 November 2012. criclkors risoh,5d to voti Infh,01/ of the DOCA Milch v= Ima*•d on 29 Novernber 2012.On miplitionofthet msandmindlions dtheDOCA (p,lor to,ny viriationlth•h,di,Iuh*U u«mor wmhiia /11,1# dalm md va ricalw, pe,mant up toi total  t of$850,000 h ful =t!/action Ind ImplitiMchi, of/ thed,Imsditthq have q,initmi ©on/M.

d) P,lo,Ity Employee Oidlga rn-  acrimorilth a p,lorRy ditil; I¥t or Ililiern,nt to priority pilinmts in*ceto *,runs•c edcr-or 

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Notes to the FInandal Statement

Oni**d theterms md conations of the DOCA (prl=to arry v,liuon), Priority Ernplovaa Cridnonmay ricilva fuN ps,ment d Aair 94,1.nmts. P,10,14 crdbors- bolnd by thi pro*sloru of the DOCAInd thi pownert th  recihi h, accordance with thi DOCA (p¢lor tomy ,¥lation) vvi be h ful Misfictionmd wilmlit,8,elige of,1 d,knsthmtth® hava*nt the 00110„W.

e) Uns,curad P=tlcip,tN Oiditon m , mcilw thi bilmci of thi Amch provld,d byth, DOCA (prlor tomyv=iallon) Iitic#I Minit md Iniment of the Diad Addltratom Com Ind piyn„„a to Ind,mnINI0 or, md PilorRy Employee CrecRon.

f) Thh Mpreints AEVI,hari of cih ih com ril-d tothe Plifin johlt vi„hie =Iati. Silopx n a Iicuredcrac or li not entkl,d to .9 pawnit hm th• sppication of the ,=eand Amds Id,r thi Amended00Ct

Forthisali of daruy, th,si c=h cah n *R *to onioliC opirath,6 e niI nd re=atiM «®i,wiu,odsted ,%*h the assets

g} Upon AED Intlri  Acb,* IshtIon, a d,Im v,= made bythi holdia of the la Jok Cova US$20 m onInvert le noti facSty. This dilm w= m,bor,In-1 to any dilm by ARF and accorililly, thi nati hold,s reed to -act eny payments reoel,ed, to ARF. Underthe tsms ofthe Amended DOCA, the nota holders iem E)ziud,d Crec,tor.

h) 0119 M=ch 2014 the Group Issued urieased corrvertible notasto ARP. An g,Int of default w= tzili,dIli,1 AED mt d A**litrition Ind *v U,I Wrnls of U,I not* All h= a ddm iglinst al not= ofl15$35,942,700. ARF, uldi the t„ms of thi Amended DOCA, do= not hma my plioaty dalm •„,9*,6wlththi repiling,tof th„I not=. The aCIot,Itt have r,cordidmiA$equh,Imtof the,!nolint dua toARF.

ARF his no equk¥m,Hie,Zon optiois rmlil*, h radon toths,enot„i.

11,5, hiw bim no s*lific,ntchl,V= to coiltil,Int libi l,s lince 30 Jime 201**

1& PROVION FOR UiTORATION

The provI on for r,stors:lon for the Pl/th 10ht vi„hice Smt; has bom *rM down to a ciI:¥6,  ,kia of $0Utme 2014: $22,910,9781 81 fore,hadowed h the 30 Jine 2014 accolalts. The restor*lon pro,ision tms bimremoved md r,dillfled to Mdi md oth, pilibl= dui to Worn*lon provldid tothi C npmy b,thi EitPuffh N, thatthe r=torallain Ind ri,Tticlation ofthIN I„ts would bi cor,plit,d by 31 Dicimb, 2014.

11. (91#//1"EMiS

M.Jo.V   

Si,op ec 08 md G= A strilli (Puflb,) pty 1*1 md AED 01 Unllt,d h,40 entnl h,to m unh,corporat,d jobt win#,1.Thecomn,Rrnmt,chdo=d bdow rapreliet AED Oil lkalt«Fs 40%,hars AEVs,¥its,nd li,volvament h the workprogram for ACM hav, beal co rornls,d u a rlsult of the Notil of Dlfauk Imied 29 Am In datim AED hir=trlcted= to my de or lifbrinatio,1 relauil m the ve,mirfs Joint Oper,Rom m a re<* of thI Notice ofWIA

Ac:oidli,Ito thi NoUG AED h hn d,hilt indlritidi ll of thi JOA forWil to paylts ParticlpiEN hltnt shin(b,1, 40*1 of me jolit al,I,1,= whi due (whid: I,dude the Ists md op,r,EN 9,0=1,9 =,ocitid wilh utimidit ortheJo Ope,Illo,ul.

Elp alll ol  Ill-re©omlil llllll 

On 9 July 2014 i notte of thi mmnd, of pirmR AC/P22  publihid   thi Austrab Gov,nineiit Gintl*#IcA.1,1,11,dlitily.

Thi joint Virittn has beln in Irimain©i v,IA Il -hthls mr,mltmints on the r mairil licins,& Thi Dlictarsm notavare of,n,furth,rcormill„nori#.

R ,

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Notes tothe FInandal Statement

Miti=la..00-Rm, 

The- cornmltrn,nts m.st,ntion L - RI/1 ..= folows:

Penla™r

Yoar 1- 5

Ck...lignin'

Regnt on r etc Rk,r  *b r  -  -dulInd progri=on -,11..,B,=v,khi=b,Imehold=s

The Oractorsnnot aw,eaf myfi,th, comm mentl

11 RmATED PART 

8//BI'lid 00*AIED 40% AlceAUD$

Dit, the pelod ended m December 2014, GEMS Lhnlted rendered fees for the provision of Icco Ilk,§ sidad,1**ti,lifi sin#ces to AED 01 U,milid hm di p, od *=td 1 J*2011 Fi=b*, A= Fic* v khw •h the ordhwy Colne of buslnes, m)ounted to $44000 (2013 - $60,000). This an10<mt li 01*St,flall I It 31Dic,rnber2014.

18. SUBSEQUGNre ENTSAFTET!/BALANCES, TDATE

linMI„lkNdio 

AED *01* thi p=t y=r has bin belvid in in =iN:ration dilm rald tothi 0,101,1 Pumn R,Id d-iloprimt ThiOompmv formily int,red thi arbltration proci= In Jlm 2014 md sub=qi,ne, the BInpm, dlxlosed on 13 Jinulry2015 th  ItI#b,d R had b=n succemIUI l, thls prociIA A Ihl,1 submi„lon on a potintld costs v,„0 wl k in,di*th,-dofimliry, folowir,theoumorneof v,hid# the Comp.IN .*be ableto provide ft,th,rditih of the rd.

In the mel,lime  ARF as propone,t of the Ammded DOCA md me pity Ispondble for *„cm,i the #ltruon wl work*M G,mt1113filton r,prc U patilln,I llips forthl Gl,Ip=V.

Thore n no oth,r nlittic or dirl=t=ic= Ibm * ce 31 Deci„*/ 2014 0# hal , Illcmtl, #Ictd thi operition#Min"#4,0/0//**W/*49/#B

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Directors' Declaration

A aocordance with a res*tion of the 06·«:tors of AED 011 Lhllhd. I st-that

li thi ophtion of thi Dhctors:

(I) the financhl statement, and notes of the Group are In ,ccordence wth the Colporot#on,Act2001. Inck,cl,:

I 090 • Sue Id fW, liw dhmia *Ron = at 31 Dicambir loil id mi pi,tef„,ince for me hd"imdedon atd.'dmiero md

M =* im hold. St,nd ch . they .* on a non,04 con rn he/,d the £»or¤hbnsRlododom 2001.

(b) m Yhe=*Usolinc,ofthierouphd,pmdi tontheArnInddmidofC»rnpinyArrgem,nt-det,ledIn noti *a)180 flnmdil atat„11,„t& and auch a proposal bili  succe=f,4mmplatid; md

I Thn n rmon,bli vOulds to bihia thatthi en),ip wil ba able tosuccessfily mmplete the AmendedD-d of CompmyArr ,Immt with crecltor& md thereforeil h •bl• to pay Its dabt=A in accord„Ii #th=n,W,rz=touth a DOCA; mdB. =mdwhenthey become payable

Onb,h,lfofth.80=d,

Director

4 Flbn=y 2015

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I /2. Z I 3 AUDITORS  VENREPORT

Ton= - - - ,O F

AED OL UMmED

R,port onele Haler- Fh-:01/ Rlport

Imaill=Plil"La .L....-M- a 2 pos.*.0,-.*.dve"/TI'Il /*SIM

W. .ve * Aed the acconlpm,1,41 hal#= mil mport of AEI) 01 1.*1 Bd %,4 lch co ,180§ 8»condal,ed *02„ment d fhll,11 po-on m at 31 Decernber 2014, lie condmied *lit,mlit of cornprihenlivelica,18, 0 xlarmd taliwi,ect of diingi lii 44 id 00„*,1,ed ili m,70,1 4 c=h low, Rr thi hili,wInded on tha  dal,i nolils gipil,IU a Ii, n,4 d /9,#c,ut  ccouikW poldi Ind oth,r qlmilocyI,formalon. Ind tho *Ild deol aeon of 0» con,dailid I* con,0,11N the con*,111 and me el-8 Icontroled attheWi ld orRom One b *necks# th. 11,9.K

Direckn'Rs,ponsi%forth,Hill-™rFhnoid Report

m.handh-M.B..7.*.tril",p.*90...MUM.E..pon 0- ah.md lur *w h mooo,dmoe %  Audralm A0001,4 8*,dlds,nd mi Co,poi#on, AX 2001, = 0»y soplyon anongch,g conoem ba,im, md *Ir #uoh oordrol -thec ecio„ dili,mk,I h nec,i,1,y k,Inilbl  theprip,Ii#an ofmi lili ig  ,Iia Mportmat h *ee Am mal,1* 4/Ill,14 *,emer k» to hud or =Tor.

AL«morb Ralpone y

Cu re,pol,#W I, to mul= a cono lon on mi  limi li„a Npotbmed On Ow -Ali. We condioledou rl l# in accordmce v,lm Aulig S#nd# on Ril,# Bigigemenls ABRE 2410 R,Illw of a R]anoWR,po,f P, m»d by #10 kid,plnd,11 ALK#Ig 1 01, 8*, In o,d,r   *I wl,Im,r, on the b=li of alproc=kns ha#4- h ve bican»-dmy mikItric- us biliva hai thi f anal* r,port li notbacc d e *Am. 4010-Adlm MAN-ah..4- ..dt.oor-0..M.*aninc al po-on = at 30 Jur» 2014 md R• pe,ib,111„,ce aor e» ha IlIr,nded on thstd* Ind complylig,eAoool:I# 8¢=Idd *88 134 h-*n nl,noW Alp<im, ind 0 i Co,politioill Algl 000,1, 2001. AI lieadilor ofAED 01 Uiiaid, ABRE 2410 requ   atws ccinplyn«h *» ili d r,quhmer*devitb mi ma*9-hr-

A .*Idaha ,8- 1,1-4--dn 14-0.##9 of-5 1/*9.-1 md accour*W Inl,rs, sndappb•W m*Ic,1 md olhor rd,#prooickne. A r-1,0 1, ibli#* b= hmope #Ii an audi 00*162(Id h accord,- illh A&*lk AdRIW Stincliins md cor-qxiIily does nalIlible us ID oblian  mnmetlwl wolld become=*/ dgincant niall=8 8* rnUR be Wenlled h inad *woo,rlig#, we do n)Ime- an IdWIVGL

.im#; FF&. ./-0-IN.= a.d.1..#.*1*=.of.-ill....ill'.Illi'=9*. a  INI."la..al=..em- T mal.'ll#.iallia.al.I-

glidilL*Illom M»IllgI1Illl lilllillim.A

BM BE Cameron Patners

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RSM Bird Cameron Mners

In oorp*•*U our r ,1,#, wi havi oornplid w  thi I dipendino  re**Iminbo of th) Cotpor,00#» Ad 2001.W. 00,*m thit» A....... d....kn reqll.d bytle Co,pl.*OI AL 2001-/hkh ha. h..i gAIn'*8 *0*rs of AEI) 01 Lh*d, woukl be h  e sm» Irms / gl,en *Ae  eolon m atme  e of*I aud#1

...Quamad Con-#on

TM Group hl a 4096 ..reth - EPPL - AEED 01 Unhloorporalid Jart Vs,in (Pla Jat Ventn') TheGloup rloogille, h hlet In 910 Pulll Jo  Ver n byrecog,VihU b *ge of a„,4 Mil< r,%w ,=Ind licponell In tho Ivvrop,la  bl of e» Blll,lned of Cornprehen  h,oon» md 81,Nmed of NINalPadon. We were zielib lo complts our rilew h *deon 10 the Group  sh,le of alell, iabmIes, rive„ulind  cp,ness= Nlicied h thi Slal„,uit of Compmhen  h,comi Ind 81,§,ment of F 01,1 Po#on .hiPilk Jolt Veren has not been re-Id or luchd at 31 December 2014 or at 30 Jine 2014, nor kr mype,lod ,ubimpie,t Had wo bem dble to complib 0,/ r-1. ofh hhih h Pth JolV .n, 11=1*.1m  have come to our i#Wh ineloil, thi4*,1<* i glt be neoe==y to thi f mo&mi repoi

Qu-//Cono#ul#on

EZIA mr re4*lliav te lilliel *Ila mp t adIO*t hayl bicil)eIof had R nd M-1#0»-In de,c,1,«1 *4.Mcnair,v-,#M .nx Inmz-h-not become -sed..milk th,t rn,k= ui beleve l,/ he hallpi limci,1 report of AE[) 01 Linilid 1, not h Iooo,d,noi u«h thiCcvporath= Act 2001 Mt**

(a) gh mg " 678/ Ind fl: /1///ofm' con/0/d//Id Ira<fl hm/1 po-n /1 'tal Illinber 2014/nd 0/ 1/pe,form,noe lorhe h,1;ya= tan ended; and

(b) complykg v/h Accollihg 8*,dard AASE3 134 #n¢e,*n F*]G,]0#al a,poft , and CE,pora#on, Ragi'Ty'2001.

E.,01.Il ofAd/lar

V"hout A,ther *=119'g ol,conch/lon, u, ck/' /2/dkn b NoI' 2(b) md 2(c) h /0 f nol,1 repoa"hkhhxic- Ihi necompmy b In Adn,Illl„lion md h =*1* 10 a Deed of Comp  Ang,ment Thi Ii„,cl,1report h= fherenre not bien prip=ed on a oohg concin bills md #,IM h lici,7*1, r,g,!11 tho vik»s t*M al,sts may be re-ed md./.maybe.40*ed.

....CAMmON PART,HmS

J 8 CROALL

P.,in.Dalt 4 F-uery 2015Nklbounlivilore

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