World Oil Resources Limited - Further Declaration of Unacceptable Circumstances

The Panel has made a further declaration of unacceptable circumstances (Annexure A) in relation to the application dated 14 March 2013 by Holdrey Pty Ltd, as trustee for the Don Mathieson Family Trust, in relation to the affairs of World Oil Resources Limited (see TP13/04). The first declaration related to the rights issue announced by World Oil on 12 March 2013 (see TP13/05). This further declaration relates to association between various World Oil shareholders.