Ann: Appointment of Non-Executive Director , page-6

hey Mystic32

Except for devesting I cant see any real way out of it. The operator is a drilling company that cant drill. The oil is heavy and their best block has gone back to state land. So the question is who would invest and take this on. I know if it was me I would want a very heavily discounted price on the assets. So in saying all that, at best the assets make the company look a little fatter, so might as well hang onto them.
The only thing this company can do now is roll the board and hope the next board is a bit more savvy and can get some cash back into shareholder pockets from some half decent management practice's of the assets (something that to date has not happen) but that I believe will come from the US assets not the Brazil assets