The Company, via its wholly owned subsidiary Edge Natural Energy Pty Ltd (ACN 159 896 143), has applied for three SPA / AO (Special Prospecting Authority with Acreage Option) permits located in the onshore Northern Perth Basin, Pilbara and Great Southern regions.

STP-SPA-0123 has been accepted by DMPE but has not yet been granted and the two other SPA AO applications (being STP-SPA-0136 and STP-SPA-137) have been submitted to the DMPE and have been offered to Edge by the DMPE on a preliminary basis. The Company is still reviewing the offers by the DMPE and has not yet determined whether it will be accepting the terms offered by the DMPE in respect to the two SPA AOs.