World Oil Resources Ltd. announced consolidated earnings results for the half-year ended December 31, 2012. For the period the company reported the company reported revenue of AUD 166,598 against AUD 369,380 for the same period last year. Loss before income tax was AUD 7,239,894 against AUD 2,283,206 for the same period last year. Loss after tax for the period was AUD 7,239,894 or AUD 1.86 per share against AUD 2,283,206 or AUD 0.45 per share for the same period last year. Total comprehensive loss for the period was AUD 7,226,355 or AUD 1.86 per share against AUD 1,034,533 or AUD 0.21 per share for the same period last year. Net cash used in operating activities was AUD 247,426 against net cash from operating activities of AUD 52,981 for the same period last year.

World Oil Resources Ltd. announced that Amos Meltzer has resigned as director of the company effective immediately. The board expresses its appreciation to Mr. Meltzer for his contribution to the company during his period as chairman and director. The board is actively seeking a suitable replacement chairman with relevant experience and will provide a further update to the market in due course.

World Oil Resources Ltd. announced that Mr. Christopher Manie has been elected as an independent non-executive director of the company. Previous experience includes senior project management roles with Jinton Pty. Ltd., focusing primarily on Crown Casino development projects such as the Crown Conference Centre and the new Metropol hotel, and Cadbury Schweppes PLC, on the Asia Pacific Information Technology Infrastructure project.