Odin Energy Limited

Odin Energy Limited (Odin) is engaged in the exploration for oil and gas in Australia in the Cooper Basin in South Australia. The Company controls one wholly owned operating subsidiary, Glory Run Pty Ltd. Odin has entered into a farmin agreement with Kompliment Pty Ltd (a subsidiary of Blue Energy Limited) (Kompliment) and Blue Energy Limited, under which Odin has farmed in to the rights of Kompliment to earn an interest in the Spinel Block of petroleum exploration licence (PEL) 106.