Ann: Investor Presentation - September 2019, page-43

Hi Spiney, just wished they actually planned FO’s for HRZ, Yukon etc earlier this year. They left too late imo. Wished they could multi tasked.

Also wished they got into cap raise earlier before FO positive news. Easily done. The timing of past cap raises has been absolutely shocking and this looks the same as I see it.

Then we could have multi drilled and finally sent a super message to market. SP would be well and truly up and about prior to first well.

But they didn’t do it now we are where we are. I just don’t understand the companies mind set and plan over last for years. We will never know why they drilled where they drilled which is a huge concern. I personally will vote for changes if present at next AGM as 88 have fumbled and wasted so much potential in my opinion. Not good enough to where we are is it.

Always annoyed they went back for 2nd attempt on IW2. I voiced my concerns like many of us always ignored. Blown $20 mil etc etc. always should have done conventional instead in my opinion. People will say hindsight etc. but they well and truly blown it in my opinion which has ended up having huge impacts of where we are right now. Those decisions have effected all of our investment. Still putting hand out for more. Just tell me do they deserve it for what we have seen so far.

Anyway we can’t change anything, if oil flows that will go in right direction to correct the numerous mistakes in my opinion company has made. Just don’t want to think if doesn’t flow. GLTA.