I hadn't seen the Scomo comment - had to google it: "Prime Minister Scott Morrison has almost stopped applying to allow more gas exploration off the coast of the Hunter Region. When asked if he supported the extension of the PEP 11 exploration license at a press conference in Tomago Thursday morning, Morrison said “no.” https://sydneynewstoday.com/prime-minister-scott-morrison-says-he-does-not-support-a-pep11-gas-exploration-license-off-the-hunter-coast-newcastle-herald/80065/
Well I reckon that's curtains for PEP-11, if I was a betting man.
Breeze lost:
- the discoveries in WA licence EP386 last year for non-performance,
- lost MMR's Pooled Development Fund status this year
- and now it looks like PEP-11 also this year.
Not a bad trifecta - pity all the poor shareholders. And the guy pockets triple figure exec wages from 3 entities - averaged $450k per year over the last 5 years I think the figure was calculated at.
And with the recent capital raise, I reckon a class action against him and his removal from his exec positions is warranted...if PEP-11 is lost. What a PPP (piss poor performance)
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