Kairiki Energy Limited (Kairiki) is an Australia-based company. The Company is engaged in exploration and evaluation of oil and gas properties. The Company has two segments: development assets and exploration and evaluation assets. The Company�s properties include SC 54A and SC 54B. SC 54A covers some 862 square kilometers, the inboard, shallow water area portion of the service contract area, including the Tindalo and Yakal oil discoveries. SC 54B covers some 3184 square kilometer, the outboard area of the block, which contains the Gindara prospect along with several other exploration targets. AS of June 30, 2012, a total of 73 kilometers of two dimensional (2D) seismic was acquired over the greater Lawaan and Libas Prospects and a total of 430 kilometers of 2D seismic data was acquired over the Pawikan Lead.