maybe you were referring to me. I don’t want the board sacked....

maybe you were referring to me. I don’t want the board sacked. I’ll tell you a story, I was at lunch with a man the other day who runs about $500m in oil assets - he said that he was told that karoon was investing around the world and didn’t care about capital return…. Ie money to burn with no shareholder concerns. He was surprised about this.
it made me realise that perhaps shareholders weren’t being treated as number 1.

As I’ve mentioned before - I just want a buyback while our shares are low and to buy assets / raise capital when they are high.

with 40k barrels a day - we are generating upwards of 1bn of revenue a year… with a market cap of 1.4bn - this is significant.

I don’t want management getting options sub $2.5 to be honest with you - and by spending more money the share price will stay low - and they can get millions of options at low prices. Why should we have our capital do nothing for us while they get more ? Let’s make this a win win situation.

buybacks until share price is >$3!

PB