Ann: Annual Report to shareholders, page-2

Total net operating revenues have been impacted by softer oil and gas prices in North America with natural gas, expected to strengthen over the last quarter of 2023 into the Northern hemisphere winter season???

As at 30 June 2023, the Group's cash and cash equivalents decreased by $2,435,731 from $8,275,134 at 30 June 2022 to $10,710,865 and had working capital of $9,158,406 (June 2022: $7,182,454).???

To this end, the Group embodies the following principles in its remuneration framework:

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  Provide competitive rewards to attract qualified and experienced executives;
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  Link executive rewards to length of service, experience and overall performance of the Group; and
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  Equity participation is a cost effective and efficient incentive given the Group's pre-production status.???
  
  
  The Group believes that encouraging its executives and employees to become shareholders is the best way of aligning their interest to those of its shareholders. In addition, equity participation is a cost effective and efficient incentive as compared to cash bonuses or increased remuneration, particularly given the Group's pre-production status. Accordingly, all executives and employees are entitled to participate in the Group's equity incentive scheme
  
  ???