Ann: Annual Financial Report 2012 , page-7

Ozgem read the remuneration report its plain for all to see due to the dissapointing performance 3rd parties have advised no increase should be given to managament. This is a far cry from taking a pay cut admin costs are being cut through reduction in non management personel. Interesting reading between the lines in terms of SC 58 and 63 to my untrained eye it appears mgmt are simply going to let these fall to the side and back to the pine government. Always a worry when management start mentioning of increasing geographic foot print when they cant manage what they already have on the books.

Phil get real get rid of the deep water contracts cut admin costs are drill in the shallows when and if galoc phase 2 is a success. Galoc is the golden egg and at some stage will stop laying one has to remember spend the money wisely