wombat 4 progress report ..., page-20

gusrox,

I don't personally believe RA is doing anything really sinister

but he does do things that he shouldn't, that's 100% for sure

I am sure he is trying to be successful, but the whole Offshore gippsland nearology and these little oil sample finds are just a trick to get money out of share holders pockets to perpetuate this company.

I don't call it a scam, but RA is just looking after himself in a situation where the honourable thing to do would be to step down and stop drawing such a ridiculous salary on the home stretch to retirement.

One thing is for sure these fracced wells and their low flow rates mean payback rates of 20 years or so. What a waste of time. You need to be drilling shallow cheap wells like RFE to make this work.

Annels salary is higher than I believe the CEO of BTA, which has far more upside than LKO, they have strong cash low, low shares on issue and just returned a bucket load of money to shareholders. And in case you are wondering I cashed out of BTA and RFE about a month ago, (both charts looking ugly)


Even BTA holders complain about their CEOs big salary.

You guys should be absolutely furious