egm resolutions

Suggested EGM resolutions for shareholder vote. A shareholder, ideally a lawyer, will need to finalise.

Resolution 1: Strategy. "That the board provides shareholders with a comprehensive update on the Company's strategy, including but not limited to addressing when and why the Company changed from a focus of conventional exploration (as outlined in the IPO prospectus) to a focus of unconventional exploration, and where the Company is headed from this juncture given its current assets, finances and partners"

Resolution 2: Operations. "That the board informs shareholders whether consideration was given to multi stacking drilling targets such that the recent unconventional wells also targeted conventional targets. If not, why not?"

Resolution 3: Board. "That the board appoints an external consultant to review board composition to determine whether the current directors contain the necessary range of skills or whether alternative directors should be appointed, and that the results of this review be disclosed to shareholders."

Resolution 4: Management, "That the board reviews the performance, experience and qualifications of the senior management team to determine whether they collectively and individually are the best suited candidates for the job, and that the results of this review be disclosed to shareholders."