Our well situation, page-37

Vincent lives in Brisbane and has dealings of disused air craft in Alice Springs, always struggled to see the relevance of oil/gas but the board obviously do. Our Chairman the ERM representative lives in Perth but does not work in the office, he works in a different office dealing with his other company duties as serves on several boards. I suspect he would be spending a lot more time at EGO these days trying to get to the bottom of our well situation and relaying ERM concerns. Well I hope so.

I suspect it would be a right hornets nest at EGO HQ these days. Wouldn't be a happy environment, plenty of worried and sad people I suspect. The pressure would be great. I just hope the brains trust come up with a sensible plan and say it as it is. Not cover up failures. Integrity and honesty does mean a lot and I think they will say it for what it is. They always previously came across as demonstrating a high integrity. I guess that's why most of us supported them in those early days.

Different situation now I guess, not for the faint hearted. Mr Garratt would not be happy at all as he has a very large holding and most of our board and senior management hold nothing or very little. If I was Mr Garratt I would be running the show as he has a lot to lose like the rest of us. I hope he is cracking the whip.

Anyway we will all know soon enough. Can they pull a gold plated rabbit out of this well, not meaning you dear Wabb's, but a successful economic solution. Unlikely, but I could be wrong, hope I am for all our sakes and investment. I would be the first to praise our board if they could rectify cheaply, let's just wait and see.