appointment of managing director, page-7

Gibba,

Why are you holding with a buy sentiment if you think that this is just a set up for inside players?

We know why SP remains subdued - uncertainty.

Until we have confirmation of hydrocarbons in SV Akkar, production flow rates for both wells and production licenses etc, SP won't do much.

I do somewhat agree with you about the level of performance incentives for directors. I would be happy to pay out on the market cap numbers of $100m, $200m and $300m but the cummulative production numbers of around 150,000 bbls per year look too low. 150,000 bbls per year won't turn this into a $100m company, let alone $300m.

However, I'm pleased to see that GG is going to be based where the action is.