Ann: March Investor Presentation , page-41

Jf they will not do a buyback they want to either concentrate on upping production on the current projects or buy a better producing asset.........sell what they will class as non core etc to replace what they spend on the above!! If they buy a better producing asset then i would hazzard a guess wolfcamp mighgt get reclassed as non core!!
A buyback is just dead money......not going to bring an income to pay the boards wages!!!
Legacy increased SPearfish production by 30%......Hmm looks like we would have been better of retaining that project and reaping the rewards of better production.

East coast gas in NSW lost its shine Jonesy.......Mungi is in prime position with LNG export going to be a big thing at gladstone......or longer term to provide our own domestic market......we know gas is there the company was not interested in proving up more reserves and increasing production they were set on USA/Canada as they want to list there and most of the board and staff are over there.
In hindsight they should have retained Mungi used cash etc sold off other assets to buy Westside out and then would have been in a prime position to supply to overseas LNG export markets by partnering with LNG australia.