FYI-2016-2017 Financials
Total management remuneration :$589,060
David Casey- $435,375, shares take up $0
A.Sundich- $49,440, shares take up $2,363
R.Porter- $54,805, shares take up $1,468
A.Williams-$49,440, shares take up $2,363
Note share price at 1c, Please check my figure.
You are right with our market cap at less than $10m management fees make up approx 6%. Maybe your mate DC should take up shares instead dollars. No wonder they are concerned about operating costs going forward all the time. No surprise they are worry about getting pay in time. I would too. Think about all the delays about drill 1 and now drill 2. I just don’t want to see more delays. Stop making excuses for them even though you may think they are doing a great job in the last 5 years. With stock price going from $4 down to 1c. Take aside whether there is commercial oil down there in well2 or not. That is the risk we are all prepared to take and lose our moneys on. But not in between delays, muck ups....etc.
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