Ann: Cash Sale of Blackspur Oil Corp for A$83.3M, page-56

Basically... I am very unhappy setting up a retirement home for management with ~$17M in cash and a producing asset, this seems way too generous for a mob that hasn't been very honest with shareholders all the way along this ride. They can take $2M in severance pay to be split, and a handshake FOR WORKING for US.

I would much rather prefer 13.5c from sale + about 2c for the rest... 15.5c.

Best possible outcome is a rival bid, before shareholder vote (30% chance), take the whole lot for above 15.5c.

Montney was literally a real kick in the teeth, was heavily oversold for many years by this management, the golden pot at the end of the rainbow. I won't ever forget this. Sold in the end for next to nothing, along with basic infra-structure and 2 well sites. That was a shocker of a deal, given the expectations set up by management.

The 0.4c of capital return is due.