Ann: Issue of Performance Rights, page-3

Anyone else watch the replay of the Noosa presentation? I managed a few minutes before Freeman started with the obfuscation on operational performance before the outright lies......on the $7.5mil capital return he made great measure of for a company of its market cap....before he stated it was "partly" from the sale of an asset. Try all of it and then some.There were zero operational profits distributed, & in likelihood zero operational profits to be distributed next year either if WTI trades where it currently does. Without the Montney proceeds, there's nothing to distribute unless oil prices increase. They're withholding the next $2.5mil capital distribution into the 2024 financial year in Feb (it's on a calendar tax year) only so that they can then bang on about a 10% return to market cap in the following year & justify ridiculous self awarded Rights. They reward themselves with "Performance Rights" (I use that term very loosely with Calima) for hanging around.....Whiddon/Freeman...do everyone a favour and disappear....but you won't & for good reason. How about setting KPI's to operational profitability rather than having your name on the door? You won't because you'd never make it. CE1 is a senior management gravy train. Arguably little to nothing more.