Ann: Appendix 3B - Issue of Employee Options, page-23

with the dilution over the past 2 years, with the failure of last 2 wells to either prove the reservoir or make any money, RM has burned his bridges.
He has clearly missed the boat and can blame only himself.
as for all holders, there can only be hope in a merger or sale of India and a bonanza in Canning with a cashed up new equity player to carry the first well. speculative would be too kind a word to use on this company.
I have for some years been aware of RM's challenges and repeat to those who pray for miracles...change your leader!!!!!
He supported the decision of the board in taking the company to East Timor, Indonesia, Oman and India. 4 failures. time he moved on, perhaps he can focus on someone else's fortune.
Allbright is right, credibility is gone, sell out is what investors will now think. I wonder what GSPC is thinking about Cambay? we dont get any feedback from RM on their thoughts. must be bad news.