chairman takes a haircut, page-32

I still like the project, I just hate being treated like a foolish little shareholder. And I don't like cash grabs. Just some disclosure would be nice - I'm not a communist.

Some dates....

Nigel Tarrat Pty Ltd became a shareholder of ZYL during the reconstruction

Nigel Tarrat became a shareholder of ZYL during the reconstruction

These interests are not disclosed in the chairman's holdings - perhaps he is a relative?

York Energy was incorporated in Feb 11,

Nigel Tarratt Pty Ltd became a shareholder of York Energy in April 11

"Fluffy Duck Pty Ltd" appears to be the superannuation fund for the ZYL chairman according to web search

Another company, Fluffy Duck Super Pty Ltd was incorporated in June 11

Fluffy Duck Super Pty Ltd became a shareholder of York Energy in July 11

The Mbila acquisition was announced in Sept 11

$2.8m was paid to shareholders of Mbila Pty Ltd (including York Energy) in Sept 11

$24.2m is to be paid to shareholders of Mbila Pty Ltd (including York Energy) in May 12

ZYL is raising debt to pay the shareholders of Mbila (including York Energy)