incredible shrinking oil company, page-9

good points entropylord.

I actually think that the bigger problem is the Hardman Chairman - an ex Woodside finance executive - part of the jobs for the boys in retirement network in Perth where Woodside is an elephant - and everyone else dances around their orbit. The rest of the board look good on paper, but not doing their job.

Since Hardman have no Australian interests, I question the wisdom of their being domicied in Perth - maybe a move to the UK would be more realistic from an operational point of view.

Simon Potter is clearly a technically competenmt manager who is probably getting on with doing what he knows needs to be done. As a new comer to the MD role of a mid cap oiler - he needs a lot of support help - which he probably has not got. Hence the mis-steps.

I would like to see a truly independent and respected Hardman Chairman - maybe someone form the UK or US. A new board could evolve over the next 1 to 3 years - and hopefully Simon Potter would get the infrastructure around him that he needs apply his talents for our benefit.

I really think the appointment of the new Chairman has been the biggest strategic mistake Hardman has made.