Ann: Mareket Update, page-13

Folks, there are 69,679,750 unlisted options, most being held as part of that very lucrative deal for Richard Cottee having been approved by your Ex Chairman Dr Henry Askin and Co as a result of those so called dubbed “rebels” management of change action(s) in which we now find ourselves held hostage to poor share price performance, lack of market credibility and market capital depreciation.

The mostly Richard Cottee unlisted options have exercise prices, failure to meet those exercise prices may result in the expiry of those options.

It must also be remembered that friendly neighborhood investment bank Macquarie Bank was grant 15 million unlisted Central Petroleum options to Macquarie Bank, 6 million of which will be granted on completion, money for jam. The unlisted options have an exercise price of $0.50 with an exercise period of 30 months, meaning sometime money in the bank sometime in year 2017.

With the above in mind, the conversion of unlisted options is the time line in which the share price may track. In short and if the time lines are followed, it could be past mid year 2017 befor this Coy(CTP) recovers to 50% of what it was valuaed under John Heugh.

What disappoints, there is now no need for any urgency required by Central petroleum Limited as Cottee has his millions by way of unlisted options, the bank have their money by algorithmic trading 1 massive 50 million and of course money for Jam being the 15 million unlisted options.

Send a very clerar message and vote no to remuneration, what a kick in the teeth if they yet again raise their hand out for more salary increases. Enough is enough, say no by voting against this group of eight board members remuneration on AGM day.