Ann: Resignation of Chief Executive Officer, page-14

This is certainly a very expensive lesson for all holders and in many cases ex holders as well. I don't think in hindsight the ERM led spill did any good and they may well have been unable to run an O&G company.

I got out and it dented my belief in ERM as well.

I am not sure that all the regularity bodies did a great job in protecting minority shareholders throughout this company's existence. It has taught me a lot of lessons and cost a bit of money but nowhere near what a total loss would have. I am now very cautious of companies that threaten shareholders and the moment they want company legal to be present in meetings I am very often a seller. Its happened in another company and I got out there as well and that isn't doing well for shareholders. The moment management are at odds with shareholders is the moment I wont invest with them and get out.

I feel terribly sorry for shareholders here who have been through hell and then for this to happen. I am wondering how Wabbitt and the supporters of management are taking this as they did not want to hear anything against management but management seem to have let them down.