Ann: Petrel Energy Board Restructure, page-6

Downsizing of the board is a positive i think.

Next a change in MD and chairman and the handover will be complete.

Then to focus on the assets we have some control over.
We have enough to warrant a higher share price I believe. Spain looks great.
There is also a lot of work done on the Native title in WA/SA.

Unfortunately we have no control over Uraguay. But there still seems to be a glimmer of hope that Scheupack will get things sorted and spin the drill at least once more.

There are still a few positives to look at and of course very little downside.