Ann: Cash Sale of Blackspur Oil Corp for A$83.3M, page-74

Straight up:

That June deal they stated that the other party could not get the financing completed..... that was a lie, so in my estimation, they torpedoed it on the Calima side.

Whiddon and Freeman are pigs at the trough. Remember their names, remember where they go from here. Shareholders should be demanding a full sale of all assets and return on their investments. This retention of ~15% is a continuation of these pigs eating at the trough.

The shame of it is, the assets that are owned by Blackspur are good assets. The technical team in Blackspur is fine. All of this down turn in share price can be laid squarely at the incompetent stupidity of Freeman and Whiddon, but in a sense, they scored a home run with taking care of themselves first. I stated it before and will state again. The fundamental mistake they made was not listing on the venture exchange in Canada. They missed a HUGE run on energy stocks in that time. Let's be honest. How many times can people say, in general, I know another countries political, financial, and technical environment? Some, sure, but you want the knowledge of the lay person in that environment to push that price forward. How could it be successful in Australia? Stupid decision. A bunch of show and tells in Australia was not going to move this stock.

At $0.13Aus this deal is a complete travesty and insult to those that invested and believed in these goofs.

Be careful what you hear from these folks. Everything from them is a "gray area".