Ann: Change of Director's Interest Notice, page-7

Agree, management have minimised dilution, mainly Noel, as I have said before this is really his company. Should want to remain close to his %, other shareholders are along for the learning experience and providing leverage for money. 3D seismic, I believe the company was taking on themselves, the initial idea was to farmoutbut that was put on a backburner. CGG/Shearwater was lined up, presented the EP, they would collect sell/rent to clients such as TDO, probably has $ advantages to TDO. Shearwater GeoCoral is right now in the area collecting seismic, we are waiting for EP to be accepted by Government, should be anyday now, but have thought that for awhile. Timing will be interesting TDO has until I think May then another window at the end of the year to avoid migrating whales.

Farm-in maybe needed to get the button pushed on seismic. Santos does have alot of call in that area of the world now, Woodside of course. Better to have another partner, medium sized with money ideal. Beach is rebuilding rapidly,assets near Otway as well, Hibicusalreayd on shre registry. US or Japanese company. BP have been interested in nearby areas recently.

Ohh. just checked, has been accpeted , I hadnt checked for awhile, thankyou for the disucssion.
https://www.energy-pedia.com/news/australia/nopsema-approves-cggs-sauropod-3d-marine-seismic-survey-185884