Ann: OEL: Winx-1 Drilling Update, page-340

Pangzi. Have to hit reply with quote then scroll down to bottom then type.

While I am having a vent. On other issues I have, the history of poor timing of CR’s which is impacting on us all at the minute. Doesn’t seem to be a well thought out plan in my opinion.

They all seem last minute rushed decisions to benefit the bottom line of company as is cheap to do quick SI raises over costly RI’s. So mainly the big guys in London who company meet regularly, who in turn short and sell. Plenty of Manipulation which effects liquidity and SP rising. Catch 22. Short term problem solving by company which has long term consequences in my opinion. Always effects SP rise momentum. It pisses me off.

I mean when only one well per year planned plenty of time to plan a lot better imo and involve holders in RI’s during the past 3 years. Given my last $ to any further CR’s. Nearly 7 billion shares is testimony to that.

If no FO then how do we go forward. Waiting to hear from company of the plan going forward. Because the current plan has put us in the position we find ourselves in which is a big concern for me.

The past 3 yr’s company plan and thought bubble has well and truly popped in my opinion. Irresponsible spending, trying to bang the company BOD’s chests, run before we can walk. We are a little spec stock. Re focus and manage better is my advice.

I get wells fail but we are a cash strapped coy but spend big twice on IW2. We could have drilled 4 wells for that. Hindsight arhhh! Company never entertained this. It’s been mentioned constantly over passed 3 yrs.

Also all those very costly 3rd party consultants we use needs to be addressed. I can see by changing some of our board and senior managers is a must so we are not so reliant on consultants. It’s out of control. What on earth do out board actually bring to the table. Obviously not proven results is it.

Why on earth they just didn’t do the responsible approach and drilled conventionals first, prove reserves. Then do HRZ when we can fund it or even better farm it which should have been the correct approach from the start. Serious amount of money has been blown and we all suffer not the brains trust and that annoys me. We are now begging for FO’s due to the companies vision and lack of planning in my opinion. Fact look where we are now at!!!!!

If I am wrong and FO is announced just wait and see the huge % offered to them. That’s my bet why it’s taken way too long and might not get up. Just imagine the company spin on this about to be released end of month.

Won’t comment any further until company releases our drilling and funding forecast as promised on last sentence of Winx PA. Oh also the bigger fish which we are catching. That’s me done for the day another night shift to do.

April I can’t be bothered going to AGM. Waste of time in my opinion as probably next drill is after next 2020 AGM lol.