Staff Reporters

Estimates of power surplus

Code: BKP Issue price: $0.20 First day’s close: $0.175 Principal activities: Oil and gas development.

Acorn Capital Ltd became a substantial shareholder with a relevant interest of 3,850,000 ordinary shares (5.82%).

Major shareholder, AMP Life Ltd, will offer $7.00 cash per share to acquire the shares in the Company it does not already control via a Scheme of Arrangement.

Has settled the sale of its 1/3 interest in the Awak Mas gold project to Vista Corporation.

A schedule of Lodgment Working Party meetings for 2005 - as at 14 April 2005 http://ato.gov.au/distributor.asp?doc=/content/53334.htm Published: May 23 2005

Itomic (Business Website Solutions) has appointed Steve Doig as website performance consultant. Mr Doig has worked as an IT support professional at Telstra, Alinta and Alcoa.

THE board of Tethyan Copper has moved to reject a takeover offer by Hong Kong-based Crosby Capital Partners, which values the company at 64 cents per share.

Grange Securities research director Stephen Roberts will conduct a luncheon presentation on The Global Economic Outlook for the Australian Institute of Energy, June 3 at Fraser’s Restaurant.

Code: AOI Issue price: $0.20 Principal activities: Gas exploration

Guina Developments Pty Ltd increased its relevant interest from 9,000,000 ordinary shares (5.37%) to 10,705,000 ordinary shares (6.39%).

On 9 June 2005, 1,475,000 fully paid ordinary shares will be released from escrow.

Has granted the Company’s wholly owned subsidiary (OmegaCorp Minerais Limitada) a second licence in northwestern Mozambique.

Information on using a weighted average basis to translate foreign currency amounts into Australian dollar amounts. NAT 13596 http://ato.gov.au/distributor.asp?doc=/content/59218.htm

Prime Minister John Howard last week announced a package of changes to the Federal Workplace Relations Act which will impact on employers, employees and unions across the nation.

Dale Wilcox has joined Ernst & Young’s Perth business consulting group as a senior consultant.

PERTH-based commercial lending specialist Financial Resources has clarified a previous announcement to the ASX in which it forecast estimated revenues and profits from a joint venture with South Afric

ENTRIES for the 2005 WA Industry and Export Awards can now be submitted. The awards recognise the importance of exports to the economic development of the state.

RAB Europe Fund Ltd ceased to be a substantial shareholder.

Stuart Adrian Corp decreased its relevant interest from 6,309,060 ordinary shares (9.08%) to 4,250,000 ordinary shares (6.12%).

Lodged response to ASX query.

2005 tax return NAT 0659 in Portable Document Format (PDF) and information on ordering paper copies. http://ato.gov.au/distributor.asp?doc=/content/58015.htm Published: May 25 2005

TWO weeks after a leading futurist advised Australian company directors to take greater notice of India as a trade destination, a Memorandum of Understanding (MOU) has been signed between the State Go

Stuart Skeggs has been appointed as general manager of the soon-to-open Seashells Resort Mandurah, after three years as general manager of Mandurah’s Atrium Hotel.

A MERGER between WA-based Crown Diamonds and London-based Petra Diamonds has been approved by shareholders of both companies recently.

Proposed code: ABW Issue price: $0.20 Principal activities: Diamond exploration. Corporate: Send Fai Chan (chairman); Ross Kestel (non-executive director); John Terpu (non-executive director).

Credit Suisse First Boston Australia Ltd increased its relevant interest from 7,342,772 ordinary shares (6.26%) to 9,997,042 ordinary shares (8.47%).

Crosby Capital Partners Inchas announced its intention (together with a consortium of investors) to make an off-market takeover bid at 0.64 cents per share.

Has entered into a Joint Venture agreement with the owners of leading South African water control company, Sovereign.

Second tranche of the capital raising has been completed. 28,077,777 ordinary shares have been issued at A$0.045 raising A$1,263,500.

For the second consecutive year the UWA Motorsport team has won the Carroll Smith Memorial Prize for the Best Designed Vehicle in the Formula SAE championships held in Detroit, US, last week.

Former Burswood International Resort Casino marketing services manager Sonia McKenzie has launched her own marketing company, Sapphire Marketing Services.