Ann: Rising oil prices - Hedging Update, page-28

They'll learn the most painful way. When you elect to rely on favourable industry/macro tailwinds and choose to ignore an executive that historically has been patently dishonest in its dealings with shareholders & consequently destroy shareholder wealth, it'll come. Considering where oil is now trading, Calima should be re-rating- it isn't & for good reason.....the market doesn't trust them.

Funny Kevol was the Blackspur man. He went along with the CFO who didn't last long just before the Montney bombshell. Freeman came as an 'advisor' with some Montney assets that were vendored into Calima. Montney's gone yet Freeman's still here. Go figure? Two fat cats sitting in the Perth office drawing significantly larger remuneration than the MD of Blackspur.....again, go figure?