Buru Energy Limited provided operational updates. A further oil lifting was commenced on 31 December 2018 and completed at 10:00 am on 1 January 2019 for 70,000 barrels. As the lifting was completed in January the received price will be calculated on January pricing in accordance with the Trafigura contract. The previous lifting was on 21 October 2018 for some 74,400 barrels gross. The onset of the northern wet season has seen periods of intense rain and some minor flooding of the Ungani access road, however, the recent program of maintenance and "weather-proofing" of the access road has meant there has been no interruption to operations. Testing of the Ungani 4 well is ongoing with oil flows of several hundred barrels a day with only minor amounts of water, providing confidence in the interpretation that the oil water contact in the well is close to the original field oil water contact. The rig to be used for the 2019 drilling program is NewGen Drilling Pty Ltd. (NGD) Rig 405 and the contract for the rig has now been executed. NGD 405 is a fully automated modular rig with a nominal depth capacity of 5,000 metres, as well as the capacity to drill high angle and horizontal wells. Because of its modular nature and self-erecting capability, the rig is very well suited to remote operations in areas such as the Canning Basin. With the execution of the contract the forward program will include a full rig inspection and appropriate functionality testing prior to the commencement of mobilisation. The Joint Venture will be meeting in late January/early February to finalise the 2019 drilling program and the order of wells.