re: Ann: EGM Notice of Meeting and proxy mail... wow!That's got...

re: Ann: EGM Notice of Meeting and proxy mail... wow!
That's got some interesting stuff in it

1) Dave/Wandoo have asked for another 3m $0.70 options in return for increasing the Prospect Generation Agreement from 32,000 sq miles to 82,000 sq miles & extending it out to April 2019.

2) Both Wandoo(ie Dave) & John get over riding royalties from net sales in the blue marked area.Wandoo gets between 0%-4.5% and John gets between 0 and 0.5%
then Wandoo gets some from the Red marked area.

2) They have asked to redate the price reset mechanism over the recent option issues (Armstrong 6m, Rowley 600k, Foss 6m and Olling 600k) that is due to due to revert to the standard $0.70 on 1 Sept - out to 1 January 2013.

Looks to me like they are gearing up for a change of control but they are not sure of the timing.