Ann: Board and Management Changes, page-25

So it took Nero etc with just 12.75% to cause a complete capitulation by existing BOD and management. What pussies. Like deer in the headlights. Waiting for STO has been like waiting for Godot. Being "FID ready in 2024" for Dorado didn't cut it with me. STO has so many balls in the air including WDS looking over its shoulder I question if Dorado will happen any time soon. STO don't want to do business in OZ any more and couldn't give a rats arse for CVN.

So I'm happy to see new blood do what is probably the right thing - sell off Dorado/Pavo and Bedout interests and either look for other opportunities in the O&G area which is probably too late or see what Nero etc can do with a bucket load of cash. Reverse takeover? So it's worth about 30c without drilling a few holes.

My sale of 50% of my holdings recently was exquisitely timed....not. But that's the market for you. Good luck to all who have hung around patiently. Hopefully we will be rewarded soon.