BARAKA PETROLEUM LIMITED (BKP)

name changed to Baraka Energy & Resources Limited

reinstatement of shares to be 15 July

prospectus is heavily oversubscribed - company is now looking to a reinstatement of its shares

due to an overwhelming response from investors in the last few days, the Directors of Baraka Petroleum Limited (ASX: BKP; "Baraka" or the "Company") advise that the prospectus offer dated 25 May 2009 has been closed early - the prospectus offer seeks to raise up to $2,000,000 through the issue of 1,000,000,000 ordinary shares at 0.2 cents per share

Baraka Petroleum Limited (ASX: BKP; "Baraka") is pleased to announce that it has achieved minimum subscription of $1,200,000 under its prospectus dated 25 May 2009. The prospectus seeks to raise up to $2,000,000 through the issue of 1,000,000,000 ordinary shares at 0.2 cents per share

company issues 55m shares at 0.1 cents per share

company advise it has lodged a prospectus for the offer of fully paid ordinary shares in Baraka with the Australian Securities and Investments Commission dated 25 May 2009 - the prospectus seeks to raise up to $2,000,000 at 0.2 cents per Baraka share - the Lead Manager of the offer is Zurich Securities Pty Ltd

company announces that it has signed agreements with Northern Territory Oil Limited ("NT Oil") to earn 75% of EP 127 and EP 128 in the Georgina Basin in the Northern Territory

at the general meeting of shareholders held today all resolutions were passed on a show of hands - Mr Max de Vietri and Mr Ricardo Garzon resigned from the Board - Baraka is now finalising its prospectus for the proposed issue of up to 1,000,000,000 ordinary shares at 0.2 cents per share and expects to lodge the prospectus shortly

company releases Quarterly Activities Report

a general meeting is to be held at 10:00am on 18 May 2009 at Citigate Perth, 707 Wellington St, Perth

Baraka has signed a Loan Agreement and a related charge document with Cervantes for Cervantes to immediately provide a loan of up to $100,000 to Baraka - the Company has also signed a Lead Manager Agreement with Zurich whereby Zurich will act as lead manager for Baraka's proposed capital raising of up to $2,000,000 at 0.2 cents per share, subject to Baraka shareholder approval. Baraka is now preparing the necessary general meeting documentation to approve the proposed capital raising and the issue of securities outlined in the above agreements and expects to post the documents to shareholders shortly

releases Half Yearly Report and Accounts

announces that subject Ministerial approval, PC Mauritania I Pty Ltd (a wholly owned subsidiary of Petronas) intends to withdraw from the joint venture agreement with the Company over blocks Ta-11 and Ta-12 in the Taoudeni Basin, Mauritania. Baraka is currently assessing its continued involvement in blocks Ta-11 and Ta-12 in light of this decision

the company has signed a Heads of Agreement with Cervantes Corporation Limited (ASX: CVS; "ervantes") whereby Cervantes has agreed to advance up to $100,000 to Baraka, subject to final documentation and due diligence - the loan is interest free, repayable in 6 months and secured by a floating charge over the assets of Baraka - simultaneously with the signing of the Heads of Agreement with Cervantes, Baraka has also signed a Heads of Agreement with Zurich Securities Pty Ltd ("Zurich") for a proposed capital raising of a minimum of $1,200,000, subject to final documentation, due diligence and Baraka shareholder approval

company releases Quarterly Activities Report

AGM to be held at 10:00 am Wednesday 31 December at Citigate Hotel, 707 Wellington St, Perth

company announces that it has today raised $122,878 through the issue of ordinary shares and execution of a loan agreement - the Company today issued 12,439,000 ordinary shares at 0.2 cents per share to raise $24,878 - the shares were issued to an unrelated party - in addition, Baraka has accepted an unsecured and interest free loan in the amount of $98,000 from an entity associated with Baraka Chairman Max de Vietri

releases Annual Report to shareholders

releases Quarterly Activities report and Quarterly report for entities admitted on the basis of commitments

we asked if there was any progress towards reinstatement of the company's shares - the company responded that it is trying its best and will get there, but needs a little more time

company provides its Quarterly Activities Report and Cashflow

board reports it is committed to seeking the reinstatement of the company's shares to trading

creditors vote to terminate the administration and return the company to the control of directors

administrators provide an update

company's creditors agree to adjourn the meeting up to 1 August 2008

company appoints Chris Williamson and Kim Strickland of Sims Partners as Joint and Several Voluntary Administrators - this never augurs well for shareholders or creditors - shares are usually of little, if any, value

shares suspended from quotation pending release of an announcement

shares reinstated to quotation

shares suspended from quotation pending release of an announcement

shares reinstated to quotation

shares suspended from quotation pending release of an announcement