Bermudan law does not require private companies to publish their financial statements. They are however distributed to shareholders as part of the company’s investor communications.

The company prepares its financial statements to December 31 and in accordance with International Financial Reporting Standards (IFRS).  Consolidated Financial Statements are audited by the company’s auditors, KPMG.

2010
Quarterly management accounts are distributed to shareholders as they become available.

2009
The company reported a significant increase in revenue however a net loss was incurred as the company continues to incur significant exploration expenses which are written off as incurred.

2008
The company showed its first revenue and producing assets.

2007
The company incurred a loss during the year but reported a significant increase in Net Assets.

2006
The company incurred a loss during its first year but reported positive Net Assets at the year end.