Odin Energy Limited announced audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported revenue from continuing operations of AUD 388,368, operating loss before income tax of AUD 5,557,152, loss attributed to owners of the company of AUD 5,557,152 or AUD 2.87 per basic and diluted share compared to revenue from continuing operations of AUD 325,024, operating loss before income tax of AUD 1,252,174, loss attributed to owners of the company of AUD 1,252,174 or AUD 0.67 per basic and diluted share reported in the same period last year. Net cash used in operating activities was AUD 893,746 against AUD 1,207,171 reported last year.

Odin Energy Limited, Annual General Meeting, Nov 26, 2012., at 11:00 W. Australia Standard Time. Location: Suite 4, 16 Ord Street. Agenda: To receive the financial report of the company for the year ended June 30, 2012 together with a Directors report in relation to that financial year and the Auditor's report on the financial report; to adopt remuneration report; to consider re-election of Mr. Roland Berzins as a Director; to approve 10% placement facility; and to consider appointment of auditor.

Odin Energy Limited and Great Artesian Oil & Gas Ltd. have agreed to resolve matters between themselves, by way of a confidential settlement agreement. Federal Court proceedings WAD269 of 2008 have been dismissed as against GAOG with no order as to costs and all other orders for costs and security for costs between Odin and GAOG are now vacated. Odin however has agreed to pay GAOG a contribution towards GAOG costs.