Performance Shares - 31.12.16, page-8

Both Far and Cvn are being run in a professional manner and tell shareholder exactly what's is happening.

In the case of SEH we basically looking at tea leaves.

No long term production curves
No information on daily gas flows
No update when the first plant is coming back on line. Jesus SEG spent USD 25 million BULIDING IT AND IT NOW SITS THERE GATHETING DUST
No information on the MD defined commercial production threshold
Major reduction in gas selling price
No cash recived for over 12 months of production

Meanwhile the MD long term incentive is only 20% related to gas production.

What do you think his focus would be if it was 100% related to cash flow recived from selling gas?

I see zero value here, commercial production is still unproven after drilling 120 wells.

In my view you have no incentive to own SEH.