Staff Reporters

Southpoint Master Fund LP ceased to be a substantial shareholder.

JPMorgan Chase & Co. and its affiliates increased its relevant interest from 7,451,044 ordinary shares (5.38%) to 9,365,605 ordinary shares (6.76%).

Met and discussed the offer received from Yarraman Winery Inc. dated and announced 21 December 2006 and is to consider.

The company signed a letter of intent to acquire Link Weld Engineering (Link Weld), a Perth based specialist engineering firm servicing the oil & gas and energy sectors in Western Australia.

Has completed the placement of 10,000,000 Ordinary Fully Paid Shares to raise $2.5 million

General Meeting will be held at the Melbourne Hotel, 942 Hay Street Perth on 22 January 2007 at 9.00am

CORPORATE reviver Ascent Capital Pty Ltd is seeking $1.8 million to revive failed media player WorldAudio Ltd, which owns numerous analog radio licences and a facility at Geraldton.

ASX code: SRR, Issue price: $0.20, First days close: $0.20, Principal activities: iron ore exploration, Corporate: Richard Cullen (chairman), Vincent Algar (managing director), David Flanagan (non-exe

Trudie Smith and Malcolm Field have both been promoted to manager with chartered accountants SimsPartners.

Cheng Heng Jem became a substantial shareholder with a relevant interest of 9,672,456 ordinary shares (8.7%).

Michael Boyd and Covenant Nominees Pty Ltd changed its relevant interest from 197,789,535 ordinary shares (54.49%) to 217,903,586 ordinary shares (47.61%).

Advises that 116,667 fully paid ordinary shares, will be released from ASX escrow on 23 December 2006:

Has placed 12.2 million new ordinary shares at a price of 20 pence per share (AUD 0.50) to Asia Energy plc to raise a total of GBP 2,440,000 (AUD 6,100,000).

Annual General Meeting will be held at the Parmelia Ballroom of the Parmelia Hilton Hotel, 14 Mill Street, Perth, at 10.00am on Wednesday 7 February 2007.

General Meeting will be held at 170 Railway Parade, West Leederville, commencing at 10.00 am on Friday 9 February 2007.

URBAN Development Institute of Australia (UDIA) (WA) executive director Marion Fulker has resigned from the position and has accepted the role of chief executive at the Committee for Perth, commencing

150 properties – commercial and residential. Staff in place. Figures show good income. Ideal tag on business for accountants or professionals or to expand existing real estate company.

ASX code: BCI, Issue price: $0.25, First days close: $0.535, Principal activities: iron ore exploration, Corporate: Tony Kiernan (non-executive chairman), Mike Young (managing director), Steve Chadwi

12 Gladstone Street, PERTH, WA 6000; Ph: (08) 9228 2336, Fax: (08) 9228 1539

CIM Dividend Income Fund Ltd ceased to be a substantial shareholder.

Eskdale Petroleum Pty Ltd increased its relevant interest from 56,956,886 ordinary shares (28.49%) to 59,033,229 ordinary shares (29.52%).

UBS Nominees Pty Ltd increased its relevant interest from 21,319,513 ordinary shares (14.68%) to 31,517,089 ordinary shares (15.76%).

Advise that it has today raised $250,000 by way of an issue of 4,166,667 fully paid shares at an issue price of 6 cents per share.

Announced the settlement of the Whitsunday Shores Estate, Bowen, Qld has been completed as scheduled on 21 December 2006.

A total of A$1,981,095 has been raised through a placement to clients of Taylor Collison and Institutions and sophisticated investors in Australia and overseas

General Meeting will be held on Wednesday, 31 January 2007 at 4.00pm at the Holiday Inn City Centre, 788 Hay Street, Perth, Western Australia.

WEST Perth-based minerals explorer Hemisphere Resources Ltd will raise $3 million through its initial public offer to fund exploration of its Western Australian nickel and gold tenements.

ASX code: OZB, Issue price: $0.20, First days close: $0.19, Principal activities: microbrewing, Corporate: Terry Creasey (non-executive chairman), Trevor Pugh (managing director), David Ah Chee (non-

Richard George has been appointed to head up charter operator OzJet's newly opened WA headquarters.

Osprale Management LLC became a substantial shareholder with a relevant interest of 66,750,811 ordinary shares (8.53%).

Ian Peter Middlemas decreased its relevant interest from 24,141,611 ordinary shares (18.36%) to 15,141,611 ordinary shares (8.28%).

Advises that on 12 January 2007, 1,250,000 ordinary fully paid shares will be released from escrow.