Ann: AGM Presentation , page-5

I agree with both alexjo and flight11
First and foremost change is brought about by people, and I was very impressed with the two new boys, namely John Armstrong and Alex Parks.
There are a number of projects now moving forward that have potential upside for the share price. They are;
1) ssugs - announcement calendar 2010, operational calendar 2011
2) Kimu - The board have recognised the need to put this asset to work or to sell it down partially or completely. Timing ? soon I think
3)Hurricane - drill calendar 2011
4) NZ exploration - Time frame 2011/12. Looks like a good asset
5) Fracing Technology - This will significantly increase production from the company's major asset, the Surat-Bowen basin. The presentation forecasts a threefold increase in production and corresponding revenue increase to $70m/annum by 2012. In my opinion this is a major leap forward because it will also provide the cash to fund exploration and other development activity
6) Alex Parks includes corporate activity in his planning together with debt funding based on the reliable cash flows from the Surat- Bowen basin
The shareholders made it quite clear that the Board is required to perform. The Chairman acknowledged that capital raisings are off the agenda for quote, "a very long time"
So again, I agree that we should not have great expectations for the share price in the short term, but over the next couple of years we could be well rewarded for our patience especially as the sharemarket "leads" and the above projects are all scheduled to happen in 2011/12.
I hope that my little summary will be useful.