vote: prefer txn acquired or ef land sale, page-13

page 41 annual report corporate 26/4/12

During the year a program of restructure of the group companies began in preparation for a potential sale of
the Olmos and the Eagle Ford assets. The corporate structure of the Group provides a flexible structure for
the Company and to a potential buyer of the Eagle Ford assets.

best for shareholders to have transaction for cash then waited average share price has to be over $1.05 for 20 days before directors can excercise options otherwise if they get takeover they can get em for .70c because they sold half the company way to cheap to line their own pockets