Ann: Quarterly Report and Appendix 5B, page-10

Right?

But some holders here will tell you how the gas in the ground is worth heaps more so don't worry. But let me tell you (or remind some of the poor sods who have come across from there, Hi OOO!) about a company called FAR, who had billions of dollars of oil in the ground and lost every single bit of it.

The ego's of FAR management got in the way and rather than work with their JV partner (Woodside in this instance) they decided they were big boys (or women in that case) and could go it alone, caused a rift and now, own 5 fifth's of F$%K all. Worthless except for the cash in their account.

Poor management, laziness and sheer stupidity brought that company undone. And I am watching the EXACT same thing here. I am dead serious, if you want to see how a company with assets worth billions can disintegrate, or get a realism check on how nothing is a sure thing, go have a look at that mob.

I just hope that WGO, despite all their assets do not go down the same path, but i am wondering now if getting rid of Biggs was a step toward repairing the damage. Ps Hi Tooter, I mean Mr Biggs.