"Very poor management and NOT Good. Shows they do not look after...

"Very poor management and NOT Good. Shows they do not look after shareholders interest"

Hey radioactivewhale,

As much as it hurts me to say it, It certainly looks that way. IMO, the writing was on the wall earlier this year with that ridiculous rights issue which was nothing more than a token gesture for their long standing shareholders. Then there was the expiring of the "incentive options" in March 09,..the only information we were fed was the cancelling of the "expiring options notification", quite funny actually. This was 5 months after the directors gave themselves a bunch of 2010 options in Nov 08.

So here we are, appox 4 months after the 11c rights issue and what have we got.

Oil production
Oil drilling program in 3 months time
A massive Gas discovery
Assets in UK, Italy, Tanzania, and Suriname
4.5M cash.

AND.............a 12c sp.

Gees, KEY management must be scratching their heads when they get around a board table and discuss progress on their “shareholder wealth strategy”.

Cheers
R