History being made in the Cambay..., page-28

I really don't think OEX management give a toss particularly about the noisy 4% of shareholders. Water off a duck's back.  

96% of holders either don't know about these boards, know but don't care, or care but are not overly concerned (satisfied) with management's handling of the situation.  Based on recent volumes after the 21/7 gas flaring ann, it would seem that the silent majority are holding for a much better price/improved liquidity and/or for Cambay production and future Canning prospects.

Interestingly, after Magna the next 2 largest holdings are relatively small.  ~70% held by small private investors. Outside of Magna there are no apparent large controlling blocks.  My understanding is this holding structure can leave companies fairly vulnerable.

	Shareholder	Shared Held	% of issued Capital
1	Magna Energy Limited	112,945,987	18.31
2	Barclayshare Nominees Limited	37,837,883	6.13
3	TD Direct Investing Nominees (Europe) Limited	22,571,499	3.66
4	Total	173,355,369	28.10
5	Total issued shares as at 26 September 2014	616,927,809	100.00