Tasmania Oil and Gas Limited entered into an agreement to acquire business and assets of Great South land Minerals, Ltd. from Empire Energy Corporation International (OTCPK:EEGC) in stock on September 24, 2012. Tasmania Oil and Gas Limited will issue shares equal to 45% of its common stock. The transaction is free of all existing, pending and future liabilities and is subject to certain preconditions having been satisfied.

Tasmania Oil and Gas Limited cancelled the acquisition of business and assets of Great South land Minerals, Ltd. from Empire Energy Corporation International (OTCPK:EEGC) on September 24, 2013.