shareholders are the winners, page-4

MF has been around since 11/4/2000, so over this timeframe his holdings have increased. What hasn't improved, is the SP.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=4731&announcementId=451967

The above is a ASX release frm 7Jan'02.

The first named Director (RH) on the list was frm the Oil Co., EIT merged with to become NXS.

Notice MF's name listed as a Director on that & his initial holdings.

So, 11 years later & endless sessions of board-room musical chairs, NXS's SP hasn't made much progress & Crux hasn't produced a drop of condensate commercially.

Crux should have been brought online in 2009, not Feb 2014.

At its current predicted date, that should take 4.5 years to recover their initial share of the FID (US$1.4 bil + incurred costs) @ say avrg. 30k bcpd production, at current POO minus costs, b4 the handover to Shell on midnite of 31/12/20.

Clock is ticking & the mkt wants answers. Will be an interesing week, as the AGM looms ahead on the 17th.