Ann: Chairmans Letter/Notice of Annual General Meeting/Proxy Form, page-9

Nursery,

I find JEF's report offensive. Tell me what he has delivered to long suffering shareholders?
We are in the dark about a pipelne critical to BUL's ability to deliver there certified reserves.
Again they keep talkng about a GSA and nothing has happened.
What are we paying them for.
Deliver the above and I am sure that shareholders would happily approve an increase in remuneration.
Stop the talk and put some deals together!