Ann: Coolangatta , page-12

Oilgoldgas

Yes its looking that way now, i raised this issue a couple months ago but it got dismissed by most here. They are also looking more and more incompetent as time goes on, they should really consider getting a major in and dropping their WI so that they can start developing their EFS land efficiantly and in a timely manor. Im very happy that i scaled back TXN at around .70c a couple months ago, the well data that was coming out just did'nt sit right for me.

I also noted that the directors must like living it up big at our expense.

This from the quarterly -

Payments to directors of the entity and associates of the directors, Payments to related entities of the entity and associates of the related entities -

Last quater - $292,000

As a comparison AUT spent $248,000 and they are valued at over $1 Billion.