Ann: Annual Report 2013 , page-2

Victor Rudeno was saying about 400BOPD would see us cash flow positive. So it looks like a bonus will be paid but just hope the directors use their "discretion" and pay a modest bonus until more runs are put on the board given the destruction in the SP over the last couple of years.

I have bought a few more at .029 today and hope this positive news flow continues.

From the annual report..


"Current bonus plan
For the calendar year ended 31 December 2013, the payment of a bonus will be at the discretion of the Board of
Directors. Paymen
t of a bonus will only be payable if the Consolidated Entity’s operations are cash flow positive
for the December quarter 2013. Cash flow has been defined by the Compensation Committee as all revenue
including interest less all costs including interest. C
osts will also exclude all exploration and development
expenditure for the period after deduction of all administrative costs associated with these expenditures.
While the size of the bonus plan will be at the discretion of the Board, it may not be larger
than 20% of the net
cash balance after debt servicing as at 31 December 2013 and no greater than $1.2m.
No bonus expense has
been accrued as at 30 June 2013."