gulf

Thus far Peter Remta appears to have done quite a good job in reviving the prospects of Gulf and cleaning up the mess and rebalancing the financial fiasco that was left when Graham Raveleigh was in control of the Company . It is my belief that Shareholders should consider themselves lucky that these steps and the nomination of Peter as a Director happened in this timely fashion because it could have been quite possible for Gulf to be placed in the hands of administration pending insovency under the leadership of Graham Raveleigh so perhaps it might be prudent for the former Director to sit up and take notes on how the Company should have been run and provide shareholders with detailed financial records in relation to the 12M that was raised and made available in 2007 at the point of the float . Numerous requests have been made on this forum in quite some detail to provide a financial breakdown of operational costs and exploration costs and how much money was wasted on Nowa which subsequently turned out to be a white elephant . I as a shareholder have made a decision not to invest any capital in any thing associated with Graham Raveleigh again as it has cost me dearly and shareholders should consider themselves lucky that Peter Remta is making a concerted effort to turn this Company around