AGM. What do you want to hear?, page-4

Hi Gents

Here are your answers:

AT the AGM I would like to understand the forward plan " are we drilling more wells"?
A: Seems to be yes, according to COP's quarterly. Two more look assured.

When will DOC happen?
A: When the JV agrees to it. Sorry, but that's all you're going to get.

How are the board going to improve shareholder value?
A: Blah blah blah blah blah blah blah. (That, of course, is unfairly facetious. Value is being added with every well. It's just not recognised in the share price.)

As the question of options/ incentive shares has not gone well, how will this be handled in the future?
A: Ha ha ha ha ha ha ha ha.

When will consolidation happen ?
A: At some point in the future. Again, that's as much as you'll get.

When are the operator CNE likely to issue resource upgrades?
A: When they damn well please.

Q: What is the detail of our agreement with the Senegalese Government?
A: Sorry, that's commercial-in-confidence.

There you go - saved you the trouble of asking.

BTW, a number of posters have urged Bd and Mgt to show faith by buying on market. I hate to disappoint, but that can't and won't happen. They will be privy to a lot of market-sensitive information that is not released and would therefore risk insider trading charges should they trade FAR. (Come to think of it, how on Earth was Cath able to sell that previous round of options given she would know all the tight hole stuff? Makes you wonder, doesn't it.)

OOO