P2263 Interest Acquisition.

Comtrack’s 51% owned subsidiary Simwell Resources Limited (50%) together with Comtrack’s fully owned subsidiary Comtrack (UK) Limited have acquired 50% and 25% interest respectively in UK 28th Licensing Round licence P2263 from Margin Oil & Gas (UK) Ltd. The licence covers blocks 41/20, 41/15 and 42/16 in the UK Southern Gas Basin. Margin will retain 25% of the licence and continue as Licence Administrator for the remaining duration of the initial two year period of the license which expires in December 2016. The transaction has been approved by the UK Oil and Gas Authority.