Ann: Change of Director's Interest Notice , page-8

Hi folks
Still here - reading quietly - nothing of too much value to add . My only contribution to Reg selling is often if shares are sold to excercise options, it is done the same time - not a few months apart - I think Reg is simply cashing in some funds - he has enough exposure to benefit from any rise in the SP. I think BPTs farm out was a recognition that shale will not be the easy win first thought and may take time and work - and I am sure he recognises in the end it may not even be commercial so perhaps the ST large upside that may have been possible a year ago has now diminished
I think the Ann is mildly negative - but I think Reg is a key asset and I think the farmout has derisked BPTs exposure and bought a major to the table which is a big plus .