Ann: Investor Presentation - September 2018, page-89

My last points about this AGM voting resolutions are these.

Company basically says PRP:

1. Reward employees/directors when SH Value Creation - Sadly hasn't happened.

2. PRP is to reward the performance of Dir's and Employees who meet growth criterias - Drilling 1 low cost well who rely on 2 other farmins, hardly a significant growth criteria after 2 failed attempts and no cash left. Also IW2 no growth met etc.

3. Boards says PRP is appropriate to reward all for past performance, ensure companies growth, motivates and generate loyalty, retain the services of employees/dirs - so they apply for a job, we pay them well, now they want more when underperforming. Seriously stop milking a struggling spec coy. Focus and deliver, that's your job.

Now Issuing PR to MD

1. Board considers the position/responsibilities the MD, the reliance on a limited #of executive personal - What a load of crap, most spec stocks run with 3 and use heaps of consultants we have 5 plus a heap of consultants and JV partner. Maybe the board should lift their game and perform and help MD out.

2. Align MD with SH value - again hasn't happened, 1 well in 2019, next AGM unlikely to see huge growth with this plan.

Seriously did the board re read what they have presented here, reward past and future performances the company delivers to holders etc. 3 yrs and no better off!! Sorry Board have to do more to get my support, especially if this gets up. My bet their hands will be back out if no farmin, for us all to support the many cap raisings to come over next 2-3 years.

My advice just do your jobs, drill and then enjoy the bonuses when everyone is enjoying the growth and good times, until then hands back in pockets.