Enterprise Gold Mining NL, currently an unlisted public company, will hold a general meeting in Adelaide on Monday 5 January, to seek shareholder approval for the change in direction. A notice of meeting and explanatory memorandum was mailed to Enterprise Gold shareholders last week.

Shareholders will be asked to vote on a number of issues including the appointment of new directors, changing the company's name to Enterprise Energy NL, consolidating its shares on a 75-to-2 basis, changing the core business activity to oil and gas exploration, and seeking an ASX listing.

If the proposed new directors are appointed, then joining prominent Adelaide solicitor, company director and consultant to Minter Ellison, chairman David Lindh, will be 40-year petroleum industry veteran, Warren Leslie as mnaging director; Clive Armour, the managing director of the ATCO Group of Companies and a former managing director of ETSA Corporation and senior executive of SAGASCO Holdings and Santos Limited; and Rib Loc Limited and Chariot Limited Chairman and chartered accountant, Peter Buttery.

Approval of the restructure by Enterprise Gold shareholders on 5 January 2004 will see the company acquire Traditional Oil Exploration NL under a share-swap agreement.

Traditional Oil has a suite of petroleum interests in the Surat, Cooper and Amadeus Basins.