Ann: Quarterly Activities Report, page-29

This stock was listed in August 2007 with 20 million in funding under the chair of graham reveleigh who in turn rewarded shareholders by placing the company on the brink of receivership through his ineptitude and alleged corrupt transactions which were bought to the attention of asic but never thoroughly investigated as you would expect with such an organization.  Since this time the broader markets have increased by around 300% whilst for the same period gulf has declined by 50% with periods of minor growth.  This was the legacy of graham reveleigh and his associates who gorged on shareholder funding and left the company in an irreparable financial position. after his involvement gulf was never the same again and it was all downhill from there.  Then there was the binding 20 million agreement with sigur holdings that failed to eventuate under the chair of kiernan despite a commendable effort on his behalf to conclude the transaction sigur then backed out much the same way pak parasite Martin renegged on his binding agreement for the same amount resulting in a major dilution and capital readjustment.  Now with over a billion shares flooding the market Even simpletons like guiseppe can have their slice of the pie and play the casino .  The current director makes reveleigh and his associates look like a bunch of chimps scratching around in the dirt and appears to be making significant progress and traction with project development but I wouldn't be putting my house on it like one post advocates.