Ann: Director Appointment , page-2

At the risk of talking to myself (where has everyone gone??? The Seychelles farmout closed yesterday and not a peep!!!) this looks like a very interesting appointment.

Mr Schrull looks to have had a very interesting and successful career building significant E&P businesses, and irrespective of the jumping to conclusions that follows, his experience will undoubtedly be useful to us.

His most recent professional role was as MD of Rialto Energy. He left this role in late 2012, having announced in October 2012 his intention to relocate from London back to Perth for personal reasons. The Chairman of Rialto was full of praise for him when he left. There appears to be no suggestion that he left under a cloud of any kind.

- Rialto Energy became Azonto Petroleum (APY) a few months ago
- Azonto is dual listed on the ASX and AIM in London
- Azonto has an interest in assets in Africa (Cote d’Ivoire and Ghana) and Australia (WA-399-P Block in the Carnarvon Basin)
- Azonto's interest in Ghana is in the Accra Block which is operated by Ophir.
- Azonto's MD is co-owner of a brewery in SE England with Nick Cooper. Nick Cooper is Chief Executive of Ophir.
- Azonto's chief executive was reported by the Australian in March this year (i.e. last month) to have predicted a wave of consolidation within small African focused E&P companies.
- Our deal with Ophir closed yesterday

It is just me, or does the timing of these various announcements, and the close relationships between the various personnel, along with some industrial and strategic logic suggest something may be on the cards between these two?