Ann: March 2014 Quarterly Activities Report , page-8

I'm not concerned about the salary bill whatsoever.

"We estimate the market is imputing around $630m in value for BRU’s assets (50% of Ungani oil field, net 5.0mmbbls–
say $100- 150m in value) plus 47TCF + 1177mm bbls(implying $0.05/boe)(implying $0.05/boe).

OBL should end up with 25%-37.5% of the Derby Block, with net prospective resources of 4.8TCF + 115mm bbls to 7.1TCF + 173mm bbls. On the same basis, OBL is being valued $0.015/boe to $0.01/boe."

http://www.oilbasins.com.au/OBL%20-%20OB_FEB_2013%20final.pdf

Its all about the resource folks.

Currently we own 50 percent of the permit.

In negotiations to sell 30 percent of Backreef.

Plus a portion of the Gippsland assets to be sold.

bopl must be running out of options from the 33 strategies of war to delay progress in our Canning permit areas .

I like to see robust discussion,but the salary fixation is pathetic.

We are playing for sheep stations here folks.

IMHO the reward far and away outweighs the risk.

"The two most powerful warriors are patience and time".

Raider