Ann: Requisition for Shareholders Meeting to Rest, page-29

re: Ann: Requisition for Shareholders Meeting... The Board has during those discussions received both verbal and written assurances that the Requisitioning Shareholders would support future capital raisings by the Company and be pursuing new opportunities and directions.

What opportunities and directions?

The current Board considers that in order to effect an orderly transition to a newly constituted Board, it is desirable that Mr Wilkins remain a Director of the Company, particularly given his experience in the petroleum industry and knowledge and understanding of the Companys operations and finances. Additionally, the Board will be earnestly considering other potential candidates with relevant experience and would welcome suggestions from other shareholders.

So the board will look frantically for their own replacements to stand against the two directors proposed by the requisitioning shareholders? Looks like it'll be a choice of Ted's mates or RAW's mates.

Mr Ted Ellyard, Chairman of Key Petroleum Limited, commented Both Richard OShannassy and I have decided to step down as Directors of the Company to facilitate a change to the Board largely in line with the wishes of the Requisitioning Shareholders, and also some other large shareholders, who collectively have indicated that they will support future capital raisings in the Company.

Hmm, interesting. I wonder how many other shareholders and what their collective shareholding is.

I'm also curious to know if they received any offers for the Tz assets. I am guessing we may never know now.