shareholders who want to vote no........, page-45

Dear Shareholders

I have been watching this saga unfold and am speechless as to why the BOARD is not keen to come forward and address the following issues.

1. Why did the BOARD decide to divest its potentially company making asset in Tanzania
2. What competitive sales or tendering process is being followed by the BOARD to realize the best outcome for shareholders
3. What level of governance is in place to prevent any related parties including members of the BOARD acquiring this asset at off market prices
4. While divesting a potentially world class asset in Tanzania why would the BOARD embark on acquiring a substandard asset in WA
5. Why didnt the BOARD approach it own shareholder base for a discounted rights issue to limit dilution
6. If 3 out of 4 directors are together in other ASX listed boards as well then where is the level of independence to provide BOARD governance
7. Why would an Oil and Gas BOARD retain a Chairman who is a few months away from floating another Oil and Gas play

You dont need to be rocket scientist to figure out what will happen to this BOARD in due course.