1、Adjust spine accordinglyANNUAL REPORT 2017Review of operations 4Directors report 14Auditors independence declaration 25Statement of profit or loss and 27 other comprehensive income Statement of financial position 28Statement of changes in equity 29Statement of cash flows 30Notes to the financial sta
2、tements 31Directors declaration 52Independent auditors report to the members 53 of 3D Oil Limited Shareholder information 56Corporate directory 58 WELL POSITIONED TO TAKE ADVANTAGE OF STRONG EAST COAST GAS MARKET THE READY-TO DRILL FLANAGAN STRUCTURE IS A WORLD CLASS GAS PROSPECT CLOSE TO INFRASTRUC
3、TURE THE COMPANY HAS PROVEN TRACK RECORD OF SECURING INDUSTRY FUNDING TO FUND EXPLORATION ACTIVITIES MAINTAINING A TECHNICALLY-BASED AND COMMERCIALLY SOUND LONG TERM APPROACH TO GROWING THE COMPANY IN A DIFFICULT INDUSTRY ENVIRONMENT1LETTER FROM THE EXECUTIVE CHAIRMAN2In my letter last year,I said t
4、hat our task at 3D Oil is to provide our shareholders with exposure to the potential wealth creation that is the prize in drilling petroleum exploration wells.It can be a huge prize particularly for a small company but it comes with inherent risk.3D Oil has survived through tough times which means t
5、hat we can keep participating in these high risk,but high value,projects for the long haul,thereby maximizing the potential return to shareholders.There is a saying in the oil and gas business that you have to make your own luck.This implies an acceptance that there is an element of luck involved in
6、 exploration;however,luck alone is not sufficient;it must be teamed with persistence,patience and tenacity,and the willingness to seize opportunities on those rare occasions when they are presented.Fortunately we are in a period of unusual opportunity for a small but nimble company.Exploration and P