Yep - keep needing to remind myself that this is micro-cap and is par for the course!
Whilst I'm a small holder and have my fingers crossed for 10's of millions of barrels of oil, it will unfortunately paper over the Governance cracks because the existing holders will be happy enough to make bucketloads and won't care too much about the behind the scenes stuff.
Towner and Bromley are rewarding themselves with a couple of million bucks each if the well is a ripper - maybe they deserve that? I don't know. I think it is definitely worth maintaining professional scepticism about these kinds of things though.
Ann: Notice of General Meeting/Proxy Form, page-9
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