The review Panel has made a declaration of unacceptable circumstances in relation to applications dated 1 June 2017 by Keybridge Capital Limited and Molopo Energy Limited seeking a review of the initial Panel’s decision in Molopo Energy Limited 01 & 02.

The Panel has consented to a request by the Australian Securities and Investments Commission to withdraw its application to the Panel dated 6 June 2017 in relation to the affairs of Lepidico Limited.

The fees payable for Panel applications are indexed each year from 1 July based on any increase in the Consumer Price Index, pursuant to the Corporations (Fees) Act 2001 (Cth) and Corporations (Fees) Regulations 2001 (Cth).

The Panel has received an application from Aurora Funds Management Limited seeking a review of the Panel’s decision on orders in Molopo Energy Limited 01 & 02.

The Panel has accepted undertakings from Keybridge Capital Limited and Aurora Funds Management Limited in relation to the applications dated 1 June 2017 by each of Keybridge Capital Limited and Molopo Energy Limited seeking a review of the initial Panel’s decision in Molopo Energy Limited 01 & 02.

The Panel made a declaration of unacceptable circumstances on 30 May 2017 in relation to applications dated 11 April 2017 by ASIC and Molopo Energy Limited regarding the affairs of Molopo.

The Panel has declined to conduct proceedings on an application dated 30 June 2017 from Lepidico Limited in relation to its affairs.