Time to Fix EGO, page-20

Hi WW,

Really big ask if you expect the BoD to provide weekly updates. Everything you would seem to think that is going on atm is privied to be classified as TOP SECRET and CONFIDENTIAL. Unless you are in the purple circle at the top, you will never know what they have to update and feed the CHICKENS when necessary. What you did and what they do are 2 different things.

Look how intertwined that most of the top 20 and see their relationships to each other for what they are and try to think why it has occurred that way. They are the cock roosters of the hen house and get the best of everything while the ordinary chickens get the scrap and left out in the cold. Not bad really considering it has taken less than 2 yrs to change their spots and become king of the jungle. Nearly 50% of the new consolidation sp gone already and I don't see them crowing how successful they have been. They tinkered the edges scratching out the boundaries to where who sits and gets the best meal when feast time comes.

Before the next 249D is issued a few is needed to jump ship from the top rankers who want a better deal for their investments. Dissatisfaction of underperformance is needed along with acknowledging that bad decisions have been made and will more slipups eventuate.

Read your last paragraph of what you did and reported to only the SENIOR PARTNERS, this is exactly what this BoD are doing now to their mates and top holders with the chickens being left out of these memos by them not passing it on down the food chain. Seems now you are on the opposite end of how things used to be, so how do you feel now.????

Whatever arises in the future as disharmony gathers further momentum that whoever intends to have retake the top spots are a reputable bonafied O&G entity that sees value in EGO and really wants to progress the Perth Basin for unlimited value. Sell themselves with a wad of cash to fatten the chickens as much as themselves. Is this possible.???? Will they drill 4 or 5 wells in a year so they don't miss the boat and get the top marketing orders of sales. ???? If they don't have that vision then whats the point of taking on EGO..

I vaguely remember before the last 249D that it was rumoured that Roc Oil may be a candidate, I wonder where they sit now with present ongoings.???? Could they still be in the hunt for fairer game.?????

EGO at the moment is nothing but a wingless chicken that cant reach the 1st rung on the steps into the coop where richer pickings can be found. How much more starvation can you endure before its too late and the legs get chopped out from under you.