Ann: 2017 Notice of Annual General Meeting & Proxy Form, page-3

More recently LNGL BOD have reduced annual remuneration to further strengthen the company's cash position at this vital stage. The restructuring was necessary and it fell in line with shareholder expectations.

This was a step in the right direction as is incentivising good corporate management through performance rights.

The company has indeed come a long way over the last 12 months. It has achieved full regulatory approval from FERC and DOE and that needs to be recognised. If they are willing to sacrifice remuneration then performance needs to be incentivised. Management are very close to BTAs, financial closing and construction of Magnolia.

It won't be long.